Executive Watch

Perspective

Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com4/25/06: There comes a point when commercial enterprise can overstep its bounds. I am a lifelong capitalist, but even I find it difficult to reconcile when consumerism is wrapped in the veil of public service. I'm thinking of Simon Property Group's creating a book club for children. The club, called Kidgets, ostensibly supports children's literacy. Part of the idea is to get thousands of children to the mall to hear a reading of a book entitled, "Adventures in the Park" and featuring characters "developed by Simon Brand Ventures," as the cover proclaims. On face value, this seems like a wonderful community-based idea. However, how are these children getting to the mall? Most likely with parents or guardians who have loads of disposable income to spend once inside the shopping arcades. It might be better for Simon to promote children's literacy by possibly funding a local library—preferably separate from the mall property.

The views expressed in this article are the author's own.
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CB RICHARD ELLIS
(PHOENIX) Chris Hook and Luke Walker earn berths as senior vice president and first vice president, respectively. Hook is a founding partner of CBRE's call center solutions group. Walker joined the company five years ago.

JPI
(SAN DIEGO) Stephen Dominiak rises to divisional president and managing partner for the Western Division.
New Hires

COLLIERS INTERNATIONAL INC.
(PHOENIX and WALNUT CREEK, CA) Pete Hattasch, Allen Avey, Gordon Carll, Joshua Landers, Kevin Lange and Gail Lance-Huntoon come on board in Phoenix and Scott Kirkpatrick joins the Walnut Creek, CA team. Joining the private capital advisors' team are Hattasch, with 25 years in business management for the aerospace industry; Avey, a 25-year professional who until recently was the owner and designated broker for AL-ternative Spaces Commercial Real Estate Services; and Carll, a specialist in single- and multi-tenant retail investment properties. Landers is assigned to the office division, focusing on turnkey operations in the West Valley market while Lange joins the landlord services' group and Lance-Huntoon is made sales manager for web, marketing and information. Kirkpatrick, with 22 years in the industry, is named senior director of property management operations. He most recently was director of office properties for a 1.1-million-sf, class A portfolio of Sierra Pacific Properties.

FOREST CITY ENTERPRISES INC.
(CLEVELAND) Paulette T. Caputo is hired as marketing director for 14 properties for the commercial development group in the headquarters office. She previously was vice president of marketing and business development for Urban Retail Properties Co. Diana Fiore, formerly marketing director in Palmdale, CA, was promoted to marketing director for the 1.2-million-sf NorthField at Stapleton, which opens in the fall in Denver. Melina Ferraez, previously a marketing coordinator, also is named marketing director, assigned to the Promenade in Temecula in Temecula, CA. Tricia Granger rises to marketing director at Antelope Valley Mall in Palmdale, CA.

NAI HORIZON
(LAS VEGAS) Stephen McFadden takes a seat as managing director after relocating from Columbus, OH, where he spent 10 years in commercial real estate and 15 years in operations and sales.

NATIONAL LOW INCOME HOUSING COALITION
 (WASHINGTON, DC) The 24-member board of directors gets five newcomers. Starting their first three-year terms are Mark Allison, with the Supportive Housing Coalition of New Mexico in Albuquerque; William Apgar, Joint Center for Housing Studies at Harvard University in Cambridge, MA; Gail Burks, Nevada Fair Housing Center; Maria Cabildo, East L.A. Community Corporation in Los Angeles; and John Zirker, Nashville Homeless Power Project and Resident Association of James Casey Holmes Housing, also in Nashville.

FELCOR LODGING TRUST
(IRVING TX) Troy A. Pentecost joins as executive vice president and director of asset management. Pentecost previously was senior vice president of operations and divisional vice president of operations for Remington Hotel Corp. in Dallas.
Job Opportunities
Title Description

EQUITY OFFICE PROPERTIES

(MASSACHUSETTES)

Senior Property Manager

 The senior property manager will be responsible for the effective day-to-day management of assigned properties. He or she will maintain physical asset, provide efficient, cost-effective operation of the properties.

FANNIE MAE

(TEXAS)

Underwriting Consultant

 The underwriter will be responsible for conducting the repurchase cycle, including reviewing loans for completeness, communicating loan decisions to customers, handling customer rebuttals and collecting repurchase/make whole funds.

LOWE ENTERPRISES INC.

(CALIORNIA)

Investment Analyst

 This position involves considerable financial analysis relating to the asset management of for-sale residential real estate investments. One-to-two years of finance and/or real estate experience including residential home building, development and/or investment experience is preferred.

EQUINOX PARTNERS

(NEW YORK)

Executive Vice President, Capital Markets

 The executive vice president, capital markets, will be a thought leader within the company as it relates to all financial matters, whose primary responsibility will be the development and execution of a capital strategy for individual investments, as well as for the overall portfolio. This is a newly created position.

AMERICAN REALTY ADVISORS

(CALIFORNIA)

Portfolio Manager

American is currently looking for a portfolio manager to be responsible for the portfolio management of real estate commingled funds in a core and/or enhanced core strategy on behalf of Taft-Hartley, corporate, or government pension funds.

JPMORGAN ASSET MANAGEMENT

(NEW YORK)

Vice President Real Estate Research

 We have an immediate opening on our team for a full-time vice president-level position. This role calls for an individual who can develop a ground-up, non ivory-tower perspective of about 30% of the nation's major commercial real estate markets as well as weigh in on national trends that may affect investment strategy.

SELECTLEADERS

(WISCONSIN)

Development Project Manager

Our client, Great Wolf Resorts Inc., is looking for a successful candidate who will carry out strategic goals at the property level through implementation and completion of capital improvements, life cycle analysis, maintenance, as well as the completion of renovation and expansion projects.

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