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06/02/04 : Sometimes the little things impact a business the most. For example, TimeWarner, one of the world’s largest media conglomerates, has spent tens of millions of dollars on a long – term lease commitment at the massive Manhattan mixed-use center that bears its name. But it has come to light that the residential portion of this building has reportedly bypassed TimeWarner’s cable service in lieu of a better deal from competitor RCN. In the scheme of things, the revenues generated from one building will not make or break a cable company–certainly not this one. However, one must question the corporate wisdom that puts such price barriers ahead of common sense–and massive–visibility. Sometimes it’s better to play ball than not be in the game–and certainly, this is a rule that applies to any business today. Of course on the other side of this equation, RCN recently filed for bankruptcy protection. Interesting dilemma. Pride vs. profits.

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JPI (DALLAS) JPI has promoted Jim Butz as divisional president and managing partner for its Eastern Division. Butz was previously regional senior vice president and managing partner for the Mid-Atlantic region. He has been at the firm since 1997. The firm also promoted Greg Lamb as regional senior vice president and managing partner to cover its Mid-Atlantic region.

ADVANTAGE TITLE AGENCY (HUNTINGTON, NY) Newly promoted as vice president of business development is Michael P. Licitra, who has been with the firm since 1993. Licitra was most recently vice president of sales.

CARLTON ADVISORY SERVICES (NEW YORK CITY) Kevin J. Brennan has been promoted to senior executive vice president. Brennan, who has been at the firm since 1999, specializes in multifamily lending.

THE RELATED COS. (NEW YORK CITY) R. Webber Hudson has joined the firm as executive vice president, Related Urban Development, and president and chief operating officer, Related Urban Development Advisors. Hudson will manage projects nationwide. He was most recently president of Urban Retail Properties.

LIMBACH FACILITY SERVICES (PITTSBURGH) Charles A. Bacon III has been tapped as president and chief executive officer of the firm, coming over from Bovis Lend Lease, where he was chief executive officer. Bacon has more than 20 years of construction industry experience. At Bovis, Bacon was responsible for the company’s North and South American operations, capital and real estate services and global markets groups.

HOLLIDAY FENOGLIO FOWLER (CHICAGO) Jaime Fink has joined the company’s Chicago investment sales group as managing director, moving over from Eastdil Realty, where he was vice president. Fink will handle office, retail and multifamily transactions in the Midwest.


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