06/28/05: The proposed takeover of Unocal by Chinese state – run oil company Cnooc Ltd. will require a new diplomatic balancing act. It’s no secret that China’s success over the past decade is due to its aggressive adaptation of the market economy, and this should be lauded. It’s created wealth in China and, so far, had a positive effect in the United States. China’s increased capital reserves have helped buy our treasury bonds as well as purchase products and services made here. Trade balances notwithstanding, the relationship has been working well. However, is it a good idea to allow a foreign government to acquire a company that produces and distributes such an essential part of our everyday existence? Does this fall under the new “energy policy” that our elected representatives have been crafting? As Karl Marx wrote in his famous manifesto, it’s dangerous for one group to control the “means of production.” Is this the group we want?
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MARCUS & MILLICHAP (SACRAMENTO) The firm has appointed Solomon Poretsky sales manager in its office here. He was previously an agent in the office. Poretsky has been at the company since 2003.
BURNHAM REAL ESTATE/ONCOR INTERNATIONAL (SAN DIEGO) Buddy Norman has joined the firm’s corporate services group as managing director and principal. Norman was most recently co-founding principal in the Staubach Co.’s San Diego office. He will focus on tenant representation in the office, industrial and manufacturing sectors.
METROPOLITAN TITLE CO. (ROCKFORD, IL) New to the company is Brad Auker, who has been named director of marketing. He was most recently managing broker of the Byron, IL office of Whitehead Realty. Auker has more than 31 years of experience in real estate sales, development and construction.
SPERRY VAN NESS (ALBUQUERQUE) Leading the firm’s newly opened office here is Walt Arnold, who has been hired as senior advisor. Arnold was most recently president of Walt Arnold Commercial Brokerage Inc., which he started in 1990. Also joining the new office is John Fakes, who comes on as associate advisor.
DFD CORNOYER HEDRICK (PHOENIX) The architecture firm has tapped Leo V. Mendez Jr. as senior designer with its retail team. Mendez formerly worked in urban planning, historic preservation and commercial projects in the Detroit area.
Using good working knowledge of property management and financial analysis, ideal candidate will create investment strategies and oversee the operations of a nationwide portfolio of real estate. The candidate will communicate daily with property managers, leasing agents, vendors, tenants and senior management.
RREEF/DB REAL ESTATE
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