07/19/05: This week’s big story appears to be that the Teamsters, SEIU and several other unions are breaking off from the AFL-CIO and taking five million workers with them. But none of this will change the grim reality for unions. And the reality is this: Private-employee union membership is down to 8% nationally from its high of 35% in 1955. Little wonder. Although unions served a great purpose in protecting workers for many generations, their efficacy is clearly waning. The global shift in employment only facilitated that. Domestic manufacturing has been moving overseas for the past 50 years, and the trend continues, with white-collar non-union jobs following suit. Clearly, the national economy has deeper and more serious issues to address than the fate of unions.
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HYPO REAL ESTATE CAPITAL (NEW YORK; DUBLIN; MUNICH) The firm has promoted Evan F. Denner to deputy chief executive officer. Denner, who joined Hypo in February 2004 as head of real estate finance, will be responsible for all day-to-day operations for Hypo Real Estate Capital, based out of New York City.
NEWMARK (MIAMI) The firm has appointed senior executive vice president and director of US operations Neal B. Golden to launch its new office in Miami, which will service the greater metropolitan area as well as all of Florida. Golden, who will be managing principal of the office, has brought along managing principals Patrick M. Duffy and Bert Sanders to run the new operations there.
STAUBACH RETAIL (DALLAS) John Artope, Mark Newman and Mark Reeder have been promoted to senior vice president positions at the firm. Artope, who joined in 2002 as vice president, focuses on the restaurant industry. Newman focuses on the Wachovia Corp.’s area retail branch expansions; Reeder will work on strategic planning and services both locally and nationally.
RICHARDS BARRY JOYCE & PARTNERS (BOSTON) The company has tapped Thomas Ashe, Ron Friedman and Jamey Lipscomb as vice presidents. Ashe, at the firm since 2001, works on downtown properties; Friedman, who also joined in 2001, specializes in the Route 128 submarket; and Lipscomb, who came on board in 2003, works on the Route 495 submarket.
GRUBB & ELLIS (BOSTON) Lance Carlton has joined the firm’s locally based team as senior advisor. Carlton, who was most recently a commercial broker at Equis Corp. in Boston, will focus on suburban office and industrial properties.
H.G. FENTON (SAN DIEGO) New to the company is Kari Prevost, who has been appointed general counsel. Prevost will provide legal services for the company’s commercial and residential portfolios. She was most recently senior counsel at Allen Matkins Leck Gamble & Mallory.
CAPSTONE ADVISORS (SAN DIEGO) The firm has tapped Arnaud Sauvage as director in its residential equity group. Sauvage oversees equity and mezzanine investments in land development, entitlement and home-building ventures. He has left his prior position as land acquisition manager at KB Home.
INTRACORP (SAN FRANCISCO) David Herron has been named vice president of finance. Herron, who was previously founder and managing principal at Walnut Street Partners, will source and manage capital partner and lender relationships for local projects.
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