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09/22/04: Although the estimates for the US economy have been revised downward, we’re still ahead of the pack according to the latest forecast from the Organization for Economic Development. Originally forecasted to grow 4.7% in 2004, the economy is still on course to grow 4.3%. Compared with some of the world’s largest economies, we are still ahead of the pack, even though Germany, France and the UK numbers rose. Germany is forecasted to grow 1.7% vs. 1.1%; France 2.7% vs. 2.0%; and Britain 3.4% vs. 3.1%. The main reason for the US downturn, according to OECD economist Jean-Phillipe Cotis, is, “the sub-par pace of job creation recorded to date.” So our economy is well-ahead of our partner/competitor nations. The only thing still needed for us to really break out of the gate is a surge in job creation. Based on the resilience of this economy, it may not be far off.

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COUSINS PROPERTIES (ATLANTA) Ken Pool has been named vice president, management services, moving up from his previous post as director of property management. Pool has been at the firm for 12 years in a variety of roles.

LEPATNER & ASSOCIATES (NEW YORK CITY) Aaron N. Abraham has been named partner, specializing in construction and real estate law. Abraham has been an attorney at the firm since 1998.

RICHARDS BARRY JOYCE & PARTNERS (BOSTON) Paul Leone has been named vice president in the firm’s suburban brokerage group. Leone was most recently vice president at Trammell Crow Co. He will handle office, flex and industrial leasing.

MIDLAND LOAN SERVICES (OVERLAND PARK, KS) The company has brought in Mike O’Connell as senior asset manager. O’Connell previously headed the investment sales division at a large commercial real estate brokerage firm, according to Midland.

CUSHMAN & WAKEFIELD OF NEW JERSEY (EAST RUTHERFORD, NJ) Ellen Cook has been appointed as account director of the firm’s client solutions group, in which she will be responsible for the disposition of properties. Cook previously worked for Lucent Technologies in its real estate division.

NEWMARK (NEW YORK CITY) Melissa Siegel has joined the firm as marketing manager. She comes from Sherman Advertising Associates, where she was director of its commercial real estate division.

RIVEROAK INVESTMENT CORP. (STAMFORD, CT) The firm has named Michelle P. Walters as assistant vice president for asset management. Walters was most recently real estate credit analyst at the Bank of New York.

COMBINED PROPERTIES INC.

Property Manager

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