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12/22/04:The latest employment statistics from the White House should come as no surprise. The number of expected new jobs in 2005 has been ratcheted down to 2.1 million from 3.6 million. This is a revision of more than 40%, and it is the third year in a row that the White House has over-projected new employment. But, as I said, it should be no surprise. There are many factors behind this continual sluggish growth including war, fuel prices and higher worker productivity. However, now that the election is over, it would be a great idea if this administration would work with the numbers at hand, not the numbers it used for its campaign. We all understand the need to project an air of confidence, especially during a campaign, but now it is time to get real.
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GMH CAPITAL PARTNERS (NEWTOWN SQUARE, PA) Gary M. Holloway Jr. has been promoted to president. Holloway, who has been at GMH since 1997, most recently served as senior vice president. Also, Rand A. Ginsberg has been promoted to senior vice president, moving up from his prior position of vice president of asset services. He joined the company in 2001.

  ARBOR COMMERCIAL MORTGAGE (UNIONDALE, NY) The firm has appointed Bonnie Habyan to senior vice president for marketing, moving her up from her previous position as vice president, marketing. Habyan has been at Arbor since May.

ADVANCE REALTY GROUP (BEDMINSTER, NJ) Eric R. Becher has been named vice president and regional acquisition officer, while Jason R. Bogart has been promoted to vice president, leasing, and Renee Rodriguez has been tapped as project director for One Gateway Center in Newark . Becher was previously vice president of acquisitions/capital markets; Bogart and Rodriguez both move up from development director positions.

ALLEGIANCE REALTY CORP. (CHARLOTTE, NC) Scott Sambade has been tapped as director of acquisitions and finance. Sambade has left his previous post as investment banker at Carlton Advisory Services. In his new role, he will focus on acquiring office buildings.

COUNTRYWIDE COMMERCIAL REAL ESTATE FINANCE (CALABASAS, CA) The firm has appointed Jim Thompson as senior vice president and Joseph George as vice president and senior underwriter. Thompson most recently managed the legal, closing and funding process for JP Morgan’s CMBS platform. George was most recently vice president at Wells Fargo Bank.

GRUBB & ELLIS/BRE COMMERCIAL (NORTHBROOK, IL) Frank Wright has joined the company’s office properties division. Wright was previously first vice president of office properties at CB Richard Ellis’ San Diego office, where he worked for more than 20 years.

ARBOR COMMERCIAL MORTGAGE (UNIONDALE, NY) Skip Martinson has been named director at the company. Martinson’s background is in commercial mortgages. In his new role, he will be based in Charlotte, NC and will originate loans throughout the Southeast.

SIGNATURE ASSOCIATES-ONCOR INTERNATIONAL (SOUTHFIELD, MI) New to the firm is Jay Pollard, who joins the firm’s locally based property management team. Pollard has of 14 years of experience working in real estate and local government.

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