08/16/05: How deeply will surging oil prices impact the economy? There are many who think that, with our “strong” economic engine humming along, this situation can have no serious consequences. Yet, one has to believe that any 50% price increase in one year must yield some negative results. Yes, we all know that this isn’t as bad as the oil shock of 1979. And yes, GDP is growing at a comfortable 3.5%. However, winter is coming, interest rates are rising and China is competing for one of our most precious raw materials. Unlike businesses, most homeowners and consumers don’t budget ahead of time for these types of increases. They simply change habits or cut discretionary spending to pay for them. Time to ask again: How deeply will surging oil prices impact the economy?
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NAI HUNNEMAN COMMERCIAL (BOSTON) The company has promoted Gina Barroso to marketing assistant/sales associate and Amy Szeto to research associate. They each joined the company in 2001. Barroso works closely with the investment group, while Szeto focuses on market research and forecasting.
TRANSWESTERN COMMERCIAL SERVICES (HOUSTON) Sandra Porter has been named national marketing director for the firm, leaving her previous post directing national branding and public relations for Crescent Real Estate Equities Co. Porter will lead marketing initiatives including branding, PR and communications.
JER PARTNERS (MCLEAN, VA) The firm has tapped Frank J. Small and Michael Cocanougher for its North American investment management team. Small, who was most recently at Crescent Capital Partners, is joining as director of fund investment management in the McLean, VA office. Most recently at Bank of America, Cocanougher is coming in as director of CMBS investments in the Dallas office.
WELLS MANAGEMENT CO. (ATLANTA) New to the company is Pat Freeman, who comes in as Southeast regional manager in the property services group. Freeman was previously vice president of property management at Trammell Crow Co.
COLLIERS INTERNATIONAL (DALLAS) Chris Teesdale has joined the company as senior vice president. He was most recently senior vice president at Swearingen Realty Group LLC, where he specialized in industrial sales, leasing and consulting.
ROBERT K. FUTTERMAN & ASSOCIATES (NEW YORK CITY) David Friedman has been tapped as vice president in charge of the firm’s strategic retailer services division. Friedman, who will operate out of the newly opened San Francisco office, was most recently vice president of leasing and manager of the West Coast office of Taubman Co.
PACIFIC SECURITY CAPITAL (BEAVERTON, OR) James R. Kean has joined the company as managing director and chief investment officer. Kean, who will handle capital markets and investments, has previous senior managerial experience at companies such as Salomon Brothers, Alloy Ventures and Weyerhauser.
Ideal candidate will lead and manage design and construction department, which includes performing capital budgeting, scope definition, estimating and scheduling, contracting and project reporting and use of associated software tools. He or she must also know industry standards and be able to communicate effectively in-house and within vendor network.
BANK OF AMERICA
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