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07/12/05: Not in recent memory has one United States Supreme Court decision generated so much discussion in coffee shops and around water coolers. With a narrow four-to-five decision in the case of Kelo vs. the City of New London, the High Court granted a private entity the right to condemn privately held homes. This decision has implications far beyond the concerns of private homeowners. There may well be a time when we read about the condemnation of a free-standing motel, strip center, movie theater or fast-food restaurant in order to create a higher tax-generating property. Private real estate ownership is the bedrock of the American dream and identity, and it appears that in the name of short-term gain, this decision may undo one our most precious guarantees.
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STAUBACH RETAIL (AUSTIN, TX; HOUSTON) Todd Wallace has been named senior vice president of the Austin office. In Houston, the firm also promoted Scott Shillings and Jim Smith Jr. to senior vice president positions.

KAY COMPANIES (NEWTON, MA) Newly promoted at the firm is Joseph Polizzotti, who has been appointed business development manager, responsible for creating new construction relationships in all real estate sectors. He was most recently project manager and joined the company in 2003.

MACERICH CO. (SANTA MONICA, CA) The firm has promoted Jesse Ellis from senior manager, leasing to assistant vice president, leasing. Ellis, who has been at Macerich since 1999, is based at the company’s Southern California leasing office at Lakewood Center Mall in Lakewood, CA.

HOPKINS REAL ESTATE GROUP (IRVINE, CA) Todd Giarrante, Charles S. Prince and Eli Wendell have each been promoted to development manager. Each of them will take responsibility for project budgets, entitlements and construction management.

TRAMMELL CROW CO. (NEW YORK CITY) The firm has tapped John Krush as senior vice president of project management for the Northeast region; he will also continue an ongoing assignment to represent Bank of America in a joint venture development relationship with Trammell Crow. Krush was most recently with Tishman Technologies.

SPERRY VAN NESS (FORT COLLINS, CO) The company has appointed Thomas F. Howard as senior advisor, leading its expansion into the northern Colorado market. Howard, who will open an office here, was most recently business development manager at Hall-Irwin, a local construction company.

THE ANDALEX GROUP(NEW YORK CITY) Andrew M. Feder has been named managing director at the company, leaving his prior position as senior managing director at MB Real Estate, where he managed a portfolio of proprietary and third-party assets.

TISHMAN SPEYER

Associate-San Francisco

( CALIFORNIA)

We are currently seeking a financial associate who will be responsible to support acquisitions, dispositions, development and asset management primarily for the San Francisco region and all geographic regions where TSP operates. The candidate must be able to analyze real estate acquisition opportunities and coordinate internal due diligence efforts; analyze dispositions/joint venture opportunities, prepare offering materials, coordinate and prepare due diligence and overall transaction support; and underwrite TSP assets to facilitate an internal decision regarding hold, sell or re-finance. Provide solutions for improving asset performance and efficiency.

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