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Executive Watch 11-12-2003

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By noHead | Updated on December 23, 2002

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Jonathan A. Schein President & CEO Real Estate Media GlobeSt.com

11/12/03:There was some heartening news on the employment front last week.  It appears that there was actually a net growth in jobs for the last three months, with 126,000 positions created in October alone. This is a welcome development and a step in the right direction–and not too soon.  However, there is so much more to go. Economists from both sides of the aisle cede that in order to have more than a jobless recovery, we need to have job growth in the range of no less than 150,000 jobs per month. And this is far fewer than Treasury Secretary Snow’s minimum of 200,000 per month for next year. Also keep in mind that many of the jobs created, or filled, are at a lower wage than previously held.  Yes, things are not looking so dark at the moment, but let’s just keep our focus on the number-one priority, real sustainable job growth.
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ARCHON FINANCIAL (DALLAS) Following a promotion, James Abbee is a vice president of originations at Archon. Abbee will oversee the growth of loan origination in the West, working in the company’s Dallas office. He has been at Archon since the firm was founded in 1997.

 

COLLATERAL MORTGAGE CAPITAL LLC (ATLANTA) Scott A. Kavel has been promoted to director of seniors housing, in which he will expand Collateral’s seniors-housing origination operations. Kavel will also run the firm’s Duluth , GA office. He has arranged more than $2 billion in seniors-housing transactions in 40 states.

 

DOUGLAS ELLIMAN (NEW YORK CITY) Erica Ress has come on board as a sales agent specializing in high-end co-op properties. Ress was the former chief marketing officer and in-house counsel at Adventure Leisure Properties. She has also served as a senior vice president at ABPnews.com and a consultant for Grey Advertising.

 

CUSHMAN & WAKEFIELD (CHICAGO) Former Grubb & Ellis broker Paul Sheridan has joined Cushman & Wakefield as a senior director, working in its suburban Rosemont , IL facility. Sheridan most recently closed a 100,000-sf lease for IBM and a 107,000-sf deal for Banco Popular’s corporate relocation.

 

THE APARTMENT GROUP (DALLAS) The Apartment Group has hired Mick J. Rossley and John A. McGannon as broker associates in its Dallas/Ft. Worth and Austin , TX offices, respectively. Rossley was most recently an apartment-sales specialist at Eastdil Co. in Dallas . McGannon comes from Cushman & Wakefield’s Atlanta office, where he was a broker specializing in seller representation of apartment products.

 

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