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4/28/04: Its baaack.The "I-word," that is. Inflation may now start rearing its headonce again after so many years of hiding. At least that's what theFederal Reserve Board reported after its latest meeting andforewarned of rising interest rates. What ramifications does thishold? Conventional wisdom dictates that the real estate market cancontinue in its robust ways mostly uninterrupted if interest ratesdon't increase more than two points. Once that threshold is hit,there will be a deep impact, not only from a deal making point ofview, but also--and more important--from the consumer's vantagepoint. The days of 0% auto financing are at an end as arelow-interest mortgages and credit lines. The upcoming balancing actbetween an improving economy and incentivizing the consumer isgoing to prove incredibly difficult in the current climate.

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PM REALTY GROUP
(LOS ANGELES) Terry Thompson has been namedsenior vice president for the firm's western division, whileJohn Sterling has been tapped as vice president ofconstruction services. Thompson, previously vice president of thewestern division, joined the company two years ago. Sterling , withPM since 1998, was previously senior construction manager.

JACK PARKER CORP.
(NEW YORK CITY) Richard Gordon has been namedsenior vice president and director of acquisitions. Gordon hadserved as general counsel since joining the firm in 1987. In hisnew capacity, he will identify development sites and potentialjoint venture opportunities.

TWIN RIVERS CAPITAL
(CHARLESTON, SC) Eric Leineweber has been tappedas development partner. He will manage site selection, landacquisition and development. Leineweber is formerly of SpectrumRealty Advisors.

YOUNAN PROPERTIES
(WOODLAND HILLS, CA) Jerry Bruno has joined thefirm as director of asset management. Bruno will manage thecompany's assets throughout California . He was most recentlydirector of property management at BH Properties.

CRESA PARTNERS
(NEW YORK CITY) Coming on board as vice president is JuddMcArthur , who will focus on new business development andexisting clients in Westchester County, NY, and Fairfield County,CT. McArthur previously headed leasing and marketing efforts atMetroNexus.

SELECTLEADERS

FinancialAnalyst

(VIRGINIA)

For more information, click here.

Successful applicant will hold responsibility for performingfeasibility analyses of operating centers' asset plans, whichinvolves creating 10-year cash flow models and performing yield andsensitivity analyses. He or she will also analyze existing projectsto identify sales, leasing, rent and demographic trends.

MCMORGAN & CO.

RealEstate Financial Analyst – Acquisitions

(CALIFORNIA)

For more information, click here.

Responsibilities of this position include supporting investmentprofessionals in evaluating, underwriting, structuring, negotiatingand closing real estate transactions. This includes creating andmaintaining acquisition evaluation models, performing due diligenceand preparing investment summaries.

GVA WILLIAMS NEW JERSEY

VicePresident/Ownership Services

(NEW JERSEY)

For more information, click here.

In this role, the appropriate candidate will oversee allday-to-day operations of the ownership services division, whichincludes managing property, construction and accounting. Thisposition also includes handling staffing and business development,and requires at least 15 years of background in propertymanagement.

GROSVENOR

SeniorProperty Manager/Asset Manager

(CALIFORNIA)

For more information, click here.

The appropriate choice for this opening will be a fieldprofessional responsible for the financial performance of variousproperties who understands their respective markets. He or she mustbecome actively involved in strategy, decision-making and leasingactivity on each property, while also creating and approving budgetsubmissions.

SELECTLEADERS

AssistantProperty/Leasing Manager

( ILLINOIS )

For more information, click here.

This professional will support property management and leasingactivities in a variety of ways, including assisting in developingmarketing materials, preparing leases and other documents, actingas the first point of contact with tenants, and maintaining tenantlease and correspondence files. He or she must also set uptenant-contractor meetings, prepare tenant move-in and move-outchecklists, and work with property management to draft and finalizeproperty binders.

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