05/12/05:Junk.GM and Ford’s bond status has been downgraded to junk. There are many factors that have led to this, yet, nobody really seems to be talking about them. Sure there was some coverage in the mainstream media, but it lasted only a day or two; the biggest story of the week was about a runaway bride. What does this say about the mainstream media? What does it say about us as a nation? While two of the most important contributors of the last century’s economic engine have been sputtering, our attention is being diverted to nonsense–junk. GM and Ford are not the only American companies that are struggling to find its way through the 21st century. Let’s hope we keep our eye on the more pressing issues of the day.
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MORRIS SOUTHEAST GROUP/CORFAC INTERNATIONAL (PLANTATION, FL) Joshua Kramer has been named senior associate at the firm, moving up from his previous position as associate. Kramer, who joined the company in 2002, is a specialist in tenant representation in South Florida.
INLAND REAL ESTATE AUCTIONS INC. (OAK BROOK, IL) Frank J. Diliberto has been promoted to president and CEO of the firm. He was hired as senior vice president in 2001. Diliberto is charged with leading the firm’s expansion into new markets.
TRIZEC PROPERTIES (CHICAGO) The company has promoted David Canaday, in the Atlanta office, Thom Ridnour, in Dallas, Paul Schulman, in Washington, DC, and Gerard Schumm, in New York City, to senior vice president positions.
THE DURST ORGANIZATION (NEW YORK CITY) New to the firm is John Grotto, who has become assistant vice president of leasing. Grotto was most recently director at Colliers ABR. He specializes in office and retail leasing in Manhattan.
RENDINA COS. (PALM BEACH GARDENS, FL) The company has tapped Harry R. Darling as executive vice president of construction and development for the eastern region. Darling was previously chief executive officer at Catalfumo Construction and Development Inc.
ALLIANCE COMMUNITIES (AUSTIN, TX) Alexander Condos has been named development director for this company’s newly opened Austin office. He was most recently responsible for directing mortgage banking at Investment Realty Co. LC in San Antonio.
MOHR PARTNERS (DALLAS) Chris Bargowski has joined the Chicago office as managing director. Bargowski was most recently director with ProTen Realty Group in Chicago. He will work in the office sector.
THE PIZZUTI COS. (COLUMBUS, OH) The organization has hired Christiane Isabell as senior property manager. Previously at Jones Lang LaSalle, she will oversee operations, finances and tenant relations in various properties.
Ideal candidate will originate new business on a national scale while also developing calling program, managing marketing, advising public and private real estate companies on corporate finance and coordinating all aspects of the transaction process. The latter includes financial modeling, due diligence, credit analysis, term-sheet preparation and negotiation and deal closing.
COMMERCIAL MORTGAGE SECURITIES ASSOCIATION
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