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

09/03/03: There is some cautiously optimistic news from the labor front in that the amount of jobs being lost is slowing down. This is a welcome sign, especially if you’re currently employed. While the official unemployment rate still stands at 6.2%, the Philadelphia Federal Reserve’s recent survey of 30 economists shows that this rate will average 5.9% in 2004; with an optimistic view of 5.5% by Election Day. This definitely shows movement in the right direction. One important factor that remains questionable in job-growth creation is the hiring by small businesses, which have traditionally led the way out of recessions. A recent study by the National Federation of Independent Businesses of 1,160 small businesses indicates that only 15% believe they will be hiring. This is the smallest percentage since 1993. What is important now is to find ways to foster new small-business growth and start this engine humming again.

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MACERICH (SANTA MONICA, CA) Dave Short is promoted to vice president of asset management. Primary responsibilities include directing partnership management for two joint venture portfolios; serve as third-party management liason; manage the organization’s real estate tax program and handle various high-level projects such as dispositions, development analysis/support, forecasting initiative, and assessment of common area recovery policies.


MULVANNYG2 ARCHITECTURE (BELLEVUE, WA) The firm has promoted Brian Fleener to partner, vice president and Portland office manager. Contributing over 15 years of architectural experience, Fleener is responsible for overall management. With extensive retail experience, he will work closely with clients such as Target, NIKE, Fred Meyer, Best Buy, Safeway and WinCo Foods. Previously he has served as the principal-in-charge of operations for the organization’s Portland office.


MANSUR CAPITAL (CHICAGO) The firm has announced the appointment of Irem Ones as hedge fund analyst. In her new position, Ones will manage quantitative analysis; maintain the firm’s manager database; and oversee the production of performance, risk and analytical reports for the firm’s hedge funds. Ones previously served Torshen Capital Management as hedge fund research analyst. She also worked as investment analyst with several money management firms where she implemented the research and marketing of various securities.


HOUSING FINANCE ASSOCIATES (ORLANDO, FL) Focused on providing development and consulting services to the affordable housing industry John Nunnery is president of new offices for the firm. The company will provide acquisition and development consulting; refinancing and asset management. Prior to forming the company, Nunnery was vice president of Trammell Crow where primary responsibility was on investment services.

CB RICHARD ELLIS (WASHINGTON, DC) Margaret Donkerbrook has joined the firm as director of marketing and information management. Donkerbrook will lead a marketing and research team that will track and analyze real estate market data trends and translate the data into market intelligence. Previously, Donkerbrook served Jones Lang LaSalle as vice president of market research where she directed regional market research and oversaw a staff covering more than 300 million s ft.


Sr. Lender, Commercial Real Estate

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