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12/15/04: When a Japanese company purchased Rockefeller Center almost 20 years ago, there was dismay, panic and a host of other emotions expressed in the name of keeping America sovereign and free. So what happens when IBM sells out its PC business to a Chinese conglomerate? Not much. There was a day or two of media coverage, some op-ed pieces and the fuss was over. But what does it all mean? It’s apparent that the much-touted global economy is a reality. The idea that a foreign government-sponsored corporation can come in and purchase a division from one of America’s mainstay companies without even raising much of an eyebrow shows that the melding of cultures and business has actually gone very far. Now, what does it say about the investment? Well, if the Rockefeller Center deal is any indication about selling out at the right time, IBM may be back in the PC business before you know it.
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MORTGAGE BANKERS ASSOCIATION (WASHINGTON, DC) Erick Gustafson has been promoted to vice president, government affairs; Janet Reilly Hewitt has been named senior director and editor in chief of Mortgage Banking magazine. Gustafson was formerly senior director for government affairs, while Hewitt has served as director and editor in chief of the magazine for the past 15 years.

GE COMMERCIAL FINANCE REAL ESTATE (NEW YORK CITY) Susan Lee Furbay has joined the company’s hospitality group as director. Furbay, who was most recently vice president at Molinaro Kroger, will focus on developing relationships among hotel owners and managers nationally.

CRS LEASE SERVICES (WEST LONG BRANCH, NJ) New to the firm is Ian Barbour , who comes in as associate lease auditor. Barbour was previously manager of commercial properties for a regional real estate developer. He will now focus on lease audit and administration.

ADVANTIS REAL ESTATE SERVICES CO. (ORLANDO) Jeff Pocklington, Mike Pocklington and Martin Forster have come on board at the firm’s local office here. All three were most recently principals at Pocklington, Pocklington and Forster. They will focus on investment brokerage in their new posts.

RELATED CAPITAL CO.

Financial Analyst (Corporate Funds Group)

(NEW YORK)

Primary duties associated with this position include financial modeling; portfolio management; reviewing financial statements, property management reports, and legal documentation; and tracking properties contained in the funds, as well as due diligence.

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