Executive Watch

Perspective

Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com4/11/06: It seems unlikely that Wal-Mart would ever need anybody defending its business practices. However, now may be a good time to start, given the scuffle over whether or not Wal-Mart should open a banking division.  As the nation's largest private-sector employer, Wal-Mart can offer its employees and customers a relatively easy and low-cost way to get to their hard-earned money. Every couple of years another corporation is targeted for its "unfair" business practices, and the corporation typically spends hundreds of millions of dollars in legal costs that are then passed onto the consumer.  Microsoft faced this battle over a decade ago as did AT&T a decade before that. Perhaps it would be better to let consumers decide what is working for them and what isn't.  The wisdom of Wal-Mart's banking strategy should be determined in the marketplace, not the legislature.

The views expressed in this article are the author's own.
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Promotions
 
 

PACIFIC SECURITY CAPITAL
 (BEAVERTON, OR) CFO Dan Ferris also assumes the COO's role to pick up oversight of all core business units. Ferris, the veteran executive, joined the firm in 2004.
 

WELLS REAL ESTATE FUNDS
(NORCROSS, GA) Jeff Gilder is named managing director of capital markets while Spencer Patton and Keith Willby are elevated to senior vice presidents of acquisitions. Gilder gets a newly created position to oversee three of the firm's five regional acquisitions teams. Patton will direct acquisitions in the Midwest region after four years as its vice president. Willby assumes acquisition duties for the South.
New Hires
 

SCI REAL ESTATE INVESTMENTS
(LOS ANGELES) The national TIC sponsor company adds 10 regional directors to its line-up. Brian Ballo comes on board for the Anaheim, Long Beach and Riverside, CA office; Eric H. Aronson, Austin-San Antonio; Alan Willsey, Baltimore, Richmond, VA and Washington, DC; Scott William Dunton, Billings, MT, Boise and Fargo and Sioux Falls, SD; Tim Crockett, Houston; B. Quentin Foster, Hollywood; Wayne Gregori, Oakland, CA; Norman Craig Henry, Orlando and Tampa, FL; Benjamin Calamore, San Diego; and Steven Epcar, San Francisco and San Jose, CA.
 

JONES LANG LASALLE
(CHICAGO) Anne Carey ends eight years as the Chicago Bears representative for the $650-million redevelopment of Soldier Field to become a senior vice president in projects and development services for Jones Lang LaSalle's Chicago and the Midwest regions.
 

BROWN RAYSMAN MILLSTEIN FELDER & STEINER
(NEW YORK CITY) The law firm of Ross & Cohen becomes part of Brown Raysman Millstein Felder & Steiner in a move to beef up its construction law practice. The line-up includes Allen Ross and Frederick Cohen.
 

TRAMMELL CROW CO.
(SAN FRANCISCO) Roberta Sharnak is named vice president of project management in Northern California. Sharnak most recently was vice president and national account manager for Jones Lang LaSalle.
 

CRESCENT REAL ESTATE EQUITIES
(PHOENIX) Joseph F. Pitchford gets a vice president of development's title and responsibility of the 255,000-sf, class A office project at Hughes Center in Las Vegas. He most recently was executive vice president with Concord Eastridge Inc.
Job Opportunities
   
Title Description

EQUITY OFFICE PROPERTIES

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Leasing Director

 The leasing director is directly responsible to the VP-leasing for the successful marketing and leasing of assigned properties. He or she will be responsible for executing the account management program.

HYPO REAL ESTATE CAPITAL CORP.

(NEW YORK)

Asset Manager

 Hypo Real Estate Capital is seeking candidates for an asset manager position at our Midtown New York US headquarters.   The asset manager is responsible for the performance of assigned properties within our multibillion-dollar US portfolio of commercial and multifamily assets.

DELOITTE FINANCIAL ADVISORY SERVICES

(GEORGIA)

Lease Advisory Valuation Services / Manager

 The selected candidate will provide consultative services in the real estate industry to both landlord and large corporate tenants. Landlord client projects include: due diligence, CAM analysis and payments, and lease audits. Corporate client projects include: lease audits, lease abstraction, lease administration and cost reduction projects.

COSTAR GROUP INC.

(MARYLAND)

Assistant Research Manager

 We are currently seeking a professional, career-oriented individual with excellent management, communication and organizational skills to join our commercial real estate research team at our brand new Columbia, MD research center.

EQUINOX PARTNERS

(WASHINGTON DC)

VP, Investments

The regional vice president, investments will be responsible for the origination and execution of residential real estate investments in the Washington, DC area which may include acquisitions, ground-up development, and/or redevelopment, of primarily multifamily rental product.

SELECTLEADERS

(NEW YORK)

Project Manager–Development Finance

Our client, a premier global hospitality and resort operator/developer plans to add several senior, high-performing development and asset management professionals to its leadership team. The company, based on the East coast, is in a high-growth mode and the successful candidates will enjoy an exceptional career path.

LOWE ENTERPRISES INC.

(CALIFORNIA)

AVP, Underwriting Manager–Risk Management

 This position is responsible for the administration of the company's property/casualty and financial products insurance programs including OCIPs. Responsibilities include calculation of premium allocations, policy review and the analysis of underwriting data for submission to the broker/markets.

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