06/16/05: Is it superstitious to mention the term “housing bubble” out loud? As an experiment, I searched Google for that term, “housing bubble,” and 350,000 items came up. Of course there was not nearly enough time to get through all of the listings, and many of the news items probably are more than a little dated. However, if there is so much copy being generated about–and lamented over–a housing bubble, could there be some merit to the issue? Housing prices increased 15% in the first quarter and many “experts” believe that this is a “paradigm shift” and this new creation of wealth is “here to stay.” Where have we heard this before? And while we’re on the subject, why is Google ‘s market capitalization now worth more than TimeWarner?
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TREPP (NEW YORK CITY) Dan Gottlieb has been named chief operating officer at this provider of CMBS analytics and data. Gottlieb, with 15 years at Trepp, will oversee resource allocation among key production groups.
WRIGHTWOOD CAPITAL (NEW YORK CITY) New to the firm is Tim Zietara, who joins as senior director and manager. Zietara will work on structured finance and other investments. He was most recently senior vice president and regional manager of the real estate finance group for Wells Fargo.
LEGACY PARTNERS (DALLAS) Richard Brownjohn has joined the firm as vice president of development in the Dallas office. Brownjohn comes from Palladium USA in Dallas, where he was senior vice president of development. In his new position, he will lead multifamily development.
ALSTON & BIRD (ATLANTA) Rosemarie Thurston has joined the firm as partner and will head up its real estate securities team. Thurston was previously partner at Morris Manning & Martin LLP. She typically represents real estate funds and operating companies.
DENHOLTZ ASSOCIATES (WEST PALM BEACH, FL) Katharina Houser has joined the company as financial director of its Florida region. Houser was most recently chief financial officer at Paradigm Group. At Denholtz, she will oversee all financial controls for the Florida operations.
CB RICHARD ELLIS/WHITTIER PARTNERS (BOSTON) Michael Murphy and James Zolner have been tapped as general managers for two Downtown properties here. Murphy, who was most recently director of property management at Sullivan Properties Inc., will run 200 State St., a 16-story office/retail tower. Zolner will manage 10 Post Office Square, a 13-story office building. He has left his previous self-employed brokerage/consultant position.
ALVAREZ & MARSAL (DALLAS) Embree C. Bedsole has been tapped as managing director in the firm’s real estate advisory services group. Bedsole was most recently practice leader in the hospitality and leisure group of PricewaterhouseCoopers LLP. He will focus on projects in Latin America as well as in the US.
COUSINS PROPERTIES (ATLANTA) Bob Currie has agreed to join the company’s industrial division as senior vice president for leasing. Currie was most recently senior director for industrial real estate services at Cushman & Wakefield, where he served for more than 20 years.
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