11/17/04:The “I” word came back into play this week with reports that Wall Street is looking at the largest PPI increase since 1990. This means that the Fed will probably continue to raise rates in the incremental way we’ve seen all year. Now that oil prices are beginning to recede, some of the inflationary pressures the economy has been under will most likely recede also. However, we won’t feel these for another three to six months. The good news is that real estate transaction velocity will continue unaffected. Bruce Mosler, C&W’s president and CEO elect, the keynote speaker at last week’s RealShare Orange County, remarked that the current pace of sales transactions will continue in 2005, even if there is an increase of 100 to 125 basis points in interest rates. This is very good news. It’s rare when real estate can lead the recovery rather than trail it.
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TRAMMELL CROW (FLORHAM PARK, NJ) The firm has tapped Robert Hackett as area director/principal for its New Jersey area services. Hackett, who has been with Trammell Crow since 2001, was most recently principal in the Denver office.
CUSHMAN & WAKEFIELD (NEW YORK CITY) Mitchell A. Arkin has been named senior director for brokerage services, moving up from his previous title of director. Arkin has been at the firm since 1999.
THOR EQUITIES (NEW YORK CITY) Noreen Ehrlich has come on board as executive president and chief financial officer. Ehrlich has left her prior post as chief financial officer at Aetos Capital Asia Fund.
PALISADES FINANCIAL (ENGLEWOOD CLIFFS, NJ) The firm has brought in Ira Bergstein as principal and chief financial officer. Bergstein was previously chief financial officer at Castle Senior Living.
CROWN PACIFIC PROPERTIES (CARLSBAD, CA) Antonie Vaughan has been tapped as controller, leaving his prior position as vice president, finance and operations at Equus Advisors in La Jolla , CA.
PANATTONI DEVELOPMENT CO. (MEMPHIS) Alexander Rogin has come in as development manager for the firm’s Memphis/Mid-South office. Rogin will work on industrial projects. He was most recently responsible for acquisitions and development at Skelton Development.
CB RICHARD ELLIS (NEW YORK CITY) Steven Dunn has joined the firm as chief economist. Dunn, who will work from the Newport Beach , CA office, was most recently national accounts director at Reis Inc.
REMINGTON HOTEL CORP. (DALLAS) The company has named Troy A. Pentecost as divisional vice president. Pentecost comes from Wyndham International, where he was area director for Texas operations.
SPERRY VAN NESS (ONTARIO, CA) Robert A. Conley has come in as regional manager to oversee the firm’s Ontario and Palm Springs , CA offices. Conley was previously president of Conley Commercial Real Estate Services Inc.
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