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07/21/04: Several high-level corporate scandals are playing out now—and quite publicly. Martha Stewart of course is headed off for a brief vacation in a government-funded resort not of her choosing while Frank Quattrone was recently denied a retrial by a US district judge. Meanwhile, Kenneth Lay has been indicted on federal charges for a multitude of unsavory dealings. Regardless of guilt or innocence in each case, these seemingly unrelated stories are all linked by the thread of excess. They all tell tales of illicit behavior and the apparent ability of individuals to delude themselves into thinking they’ve done nothing wrong. These are all interesting cases to follow, not only for their celebrity appeal or the high-ticket nature of the news, but also as a morality play. We can all learn from the news swirling around Stewart, Quattrone and Lay. If we do, it's a good thing.

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JONES LANG LASALLE
(SAN FRANCISCO; DALLAS) Kent Anderson, Sue Bowerman, GalenHashimoto, John Solis and Jason Szemanhave been promoted to vice president in the San Francisco office.Anderson and Hashimoto work in corporate property services; Solisand Szeman are in project and development services; and Bowermanserves in the firm's tenant representation area. In Dallas ,Juan Escudero and Evamarie Smithwere named vice presidents. Escudero is in investor services; Smithis in corporate solutions.

WARE MALCOMB
(IRVINE, CA) Brock Grayson has been namedregional director for the firm's Los Angeles office, whileJon Zimmerman has been promoted to regionaldirector, commercial architecture and technology. Grayson joinedthe firm in 1997; Zimmerman came on board in 1998.

SYSKA HENNESSY GROUP
(LOS ANGELES) William E. Scrantom has beenpromoted to national healthcare market focus leader, running thefirm's 80-person healthcare group. Scrantom has been at the companyfor 11 years, previously managing the Western regional healthcareteam.

LAYTON-BELLING & ASSOCIATES
(LOS ANGELES) The firm has hired Jeff N.Badertscher as senior asset manager. He will supportacquisition activities in Los Angeles and Ventura counties. Priorto joining Layton-Belling, Badertscher was a director at WestfieldCorp.

LINCOLN PROPERTY
(DALLAS) Linda Jackson has been named director ofproperty management in the firm's retail division. Jackson was mostrecently vice president and executive director of propertymanagement at Cencor Property Services.

TRAMMELL CROW
(FLORHAM PARK, NJ) New to the company is CharlesHatfield , who comes on board as senior vice president.Hatfield will drive tenant representation and project leasingservices in northern and central New Jersey . He was previouslywith Jones Lang LaSalle.

BROADWAY REAL ESTATE PARTNERS
(BEVERLY HILLS, CA; NEW YORK CITY) The company has tappedScott Sorenson as director of acquisitions for thewestern US. Sorenson was most recently vice president at Douglas,Emmett & Co. He will lead the firm's new Beverly Hills office.In New York , the company named Brian Zilla asdirector of asset management. Zilla joins the firm from PrudentialReal Estate Investors, where he was vice president.

HUDSON REALTY CAPITAL
(NEW YORK CITY) Robert Perelman has joined thefirm as director, responsible for loan originations, real estateinvestments and asset management. He was most recently director inthe real estate finance and securitization group at Credit SuisseFirst Boston.

EASTDIL REALTY

Associate

(CALIFORNIA)

Successful applicant will underwrite and perform transactionsupport for institutional real estate transactions, includingconducting property tours, coordinating due diligence and preparingmarketing brochures for presentation to clients and investors.

SELECTLEADERS

Senior Financial Analyst

(ILLINOIS)

In this role, the ideal candidate will create cash flowvaluation models, write valuation assumptions, evaluate real estatemarkets, model distribution of cash flow proceeds and presentwritten analysis and recommendations.

STONEBRIDGE COS.

ChiefOperating Officer

(COLORADO)

Partnering with the CEO, this individual will be responsible forcoordinating the finance, HR, risk management, engineering and MISdepartments. He or she will use a solid background in finance andthe hotel business with at least five years in seniormanagement.

GMAC-RFC

ResidentialConstruction Lender

(VIRGINIA)

Appropriate professional will create and analyze appraisals,feasibility studies, financial statements, proformas and cashflows. He or she must grasp the nuances of a submarket and drawappropriate conclusions from relevant information.

SELECTLEADERS

2nd Vice President – Mortgage Production

(NEW YORK)

In this position, the appropriate candidate will establish acorrespondent network in the Southeast and Midwest , originate andpresent 30 to 60 deals a year and direct various servicing matters,including managing foreclosed properties and preparing marketresearch materials for senior management.

SJP PROPERTIES

Analyst/VP, Marketing Department

(NEW JERSEY)

This applicant must demonstrate his or her ability to analyzedata for specific markets, handle spreadsheets and dataorganization and show communicate with brokers and corporations. Heor she will also shoulder some advertising and public relationsduties.

AIMCO

Regional Financial Officer

(TEXAS)

Successful candidate will work with AVP on analyzing revenuetrends, work with community management team in the pricing process,develop a capital spending plan, forecast and budget for areaproperties and review monthly and quarterly financialstatements.

SELECTLEADERS

VP/Managing Director, Commercial Mortgage Debt Originations

(NEW YORK)

In this role, the ideal candidate will handle sales originationsand production of commercial mortgage and related products, developprospects by making sales calls and manage the process fromorigination through closing.

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