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06/09/04 : The job market obviously looks much better than itdid only six months ago. Home Depot is taking a creative approachto maintaining this growth. It has been reported that thisexpanding retailer is so hungry for locations that it is purchasing24 locations from Kmart, which is in the midst of its ownrestructuring and contraction. This move actually helps threeparties: Home Depot, Kmart and their workers. The first two areemploying strategies that further enhance their bottom lines whilethe third group may actually find opportunity in the newer brandcoming into town. Whether Home Depot is getting these locations ata Blue-Light-Special price is yet to be determined. However, at areported purchase price of $365 million, it obviously makes senseon both sides of the equation.

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PM REALTY GROUP
( HONOLULU , HI ) Scott Kuklish has been namedsenior vice president of the firm's Honolulu office. Kuklish wasformerly vice president of its Northwest regional office.

JPI
(DALLAS) JPI has promoted Jim Butz as divisionalpresident and managing partner for its Eastern Division. Butz waspreviously regional senior vice president and managing partner forthe Mid-Atlantic region. He has been at the firm since 1997. Thefirm also promoted Greg Lamb as regional seniorvice president and managing partner to cover its Mid-Atlanticregion.

LEE & ASSOCIATES
(CALABASAS, CA) The firm has hired Robert F.Flink as senior vice president and principal focusing onindustrial properties. Flink has an extensive 30-year background atfirms such as CB Richard Ellis and Northrop Corp.

LEM MEZZANINE
( PHILADELPHIA ) Molly Maghran has joined thefirm as senior vice president. She will be responsible fororiginating mezzanine loans and preferred equity investments.Maghran was most recently at KeyBank, where she originated CMBS andagency loans.

USI REAL ESTATE ADVISORS
(NEW YORK CITY) Monica Wolfson has become vicepresident at the firm, coming from Newmark & Co., where she wasassociate director. Wolfson will work chiefly on commercial officeleasing.

YOUNAN PROPERTIES
(WOODLAND HILLS, CA) Ruben Dua isnew to the company, having joined as director of businessdevelopment/investor relations. Dua comes from Lending Tree Inc.,where he was a manager handling business development.

WARE MALCOMB
(IRVINE, CA) Rick Hallenbeck, ElisaSohn and Jimmy Nhieu have joined thefirm. Hallenbeck, who comes on board as project manager, was mostrecently at BSW International. Sohn and Nhieu, joining as seniorjob captains, previously handled a variety of commercial,industrial and technology-related projects.

RREEF

Vice President of Research

(NEW YORK)

 Successful candidate will performmarket analyses for various types of properties, write strategicreports on trends that affect real estate investment, developforecasts of market conditions and performance and conduct othertop-down analyses as necessary.

SELECTLEADERS
(NEW YORK) Vice President - Asset Origination 		This position requires identifying,pricing and structuring net lease investments, sourcing net leaseopportunities and constructing an optimal capital structure. Idealcandidate will have a track record in asset origination and stronganalytical skills.

PASADENA DILIGENCE SERVICES

Director, Due Diligence

(CALIFORNIA)

In this role, the idealapplicant will use his or her construction, environmental, legal,accounting and analytical knowledge to review every aspect of areal estate transaction, including lease review and acquisitions.
GREEN STREET ADVISORS

Research Associate

(CALIFORNIA)

Successful candidatemust gather and model financial data in order to cover REITequities, which involves forecasting earnings and stock priceprojections. Eventually, this professional will write full researchreports.

DUKE REALTY CORP.

Vice President, Acquisitions

(GEORGIA)

This professional must identify, negotiate and structurevalue-added acquisition opportunities, including maintainingrelationships with various contacts, assessing operatingperformance, developing strategies that promote effectiveacquisitions and leading deal teams from sourcing throughexecution.

AEW CAPITAL MANAGEMENT

Communications Vice President

(MASSACHUSETTS)

Ideal applicant will write,review and edit portfolio manager and REIT letters while handlingproduction and process issues. He or she will also developmarketing materials, assemble an advertising plan and perform mediarelations responsibilities.

AIMCO

Regional Property Manager

(MARYLAND)

This position requires the preparation of business plans andbudgets while demanding accountability for overall propertyprofitability. Ideal candidate will participate in marketingstrategies for specific properties and help on-site propertymanagers provide customer service to tenants.

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