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Jonathan A. ScheinPresident & CEOReal Estate Media GlobeSt.com

10/22/03: Sometimes you have to wonder about conventional wisdom in the nation’s capital. The economy is one of the two biggest topics on our government’s agenda, the other being the war on terror. When the current administration was pushing Paul O’Neill, a former CEO of Alcoa, for Treasury Secretary, many wondered about the wisdom of picking someone who hailed from the so-called old economy. At first glance, the choice made some sense because the new economy had faltered and this was a return to corporate and fiscal responsibility. Now, we have John Snow, former CEO of another old-economy firm, CSX. Recently, in a published interview, Snow predicted that the economy will grow in the next four quarters and produce two million new jobs. If this happens, we will all be rejoicing. If not, it might be an indication that this administration’s idea of how to manage our economy may be on the wrong track and out of touch.

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GRUBB & ELLIS CO. (COLUMBUS , OH) Grubb & Ellis/Adena Realty Advisors has promoted Michael Linder and Gregory D. Weber to vice president positions. Linder, who has been at the firm for three years in its industrial services group, has completed more than 60 lease and sales transactions involving in excess of two million sf and totaling more than $18 million. In the firm’s office services group, Weber has handled more than 60 transactions involving more than 900,000 sf. A two-year veteran at the firm, he was previously at RJ Boll Realty Ltd.

REAL ESTATE RECOVERY, INC. (VIRGINIA) Director, Real Estate Due Diligence Postulant will develop and manage real estate due diligence projects using a solid background in financial, credit and market analysis of commercial real estate and his or her prior background in managing and delivering underwriting and valuation services. This position requires performing quality control, scheduling, pricing, staffing and training tasks. The ideal candidate will have an extensive industry professional network and significant experience in developing and managing client relationships.

DOUGLAS ELLIMAN (PHOENIX) Steven Brabant has been promoted to first vice president of the firm’s Phoenix office. Brabant has more than 30 years of experience in his specialty of institutional commercial real estate and has worked in a variety of domestic and international markets. He has utilized his legal and business background in the handling of large domestic and foreign clients needs in acquisitions, dispositions, highly structural debt and equity transactions and workouts.

AVALONBAY COMMUNITIES (NEW JERSEY) Portfolio Director Applicant must be able to direct and coordinate all activities involving AvalonBay’s New Jersey portfolio, comprised of six properties, to ensure that its financial, business and customer service obligations are achieved. Ideal candidate will successfully implement corporate and regional programs as well as proactive regionally specific initiatives and strategies. Candidate must possess strong problem-solving and quantitative ability, as well as pro forma project accounting and performance-tracking experience.

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