10/4/05: Google has moved beyond the realm of an online service to a complete multi-media force with such incredible clout that it will soon affect almost every aspect of our lives. The latest news–that Google will team up with NASA to develop more than a million square feet of office space at the Ames Research Center in California–has far-reaching consequences that should be examined. Yes, in the short run this is a win for the real estate industry as well as for the country’s space program. The commingling of private interests with government agencies is not a new phenomenon; it’s really part of our nation’s heritage. However, now we’re seeing an overlap of mindshare between private and public entities. Obviously this is a trend that will continue until it’s determined that not knowing the difference between the government and the corporations that they’re supposed to regulate may not be in the country’s best interest. Google is a great service, but I don’t know if that’s where I want my tax dollars going.
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McCAFFERY INTERESTS (CHICAGO) Gary Kachadurian has been named a partner in McCaffery Interests Inc. Formerly the global managing director for Deutsche Bank Real Estate, Kachadurian will take a lead role in strategic oversight for McCaffery’s portfolio expansion via acquisitions, property management and development.
NPV (SUMMIT, NJ) Joshua Siegel joins NPV LLC as acquisitions manager for the New Jersey/New York metro market. He previously was acquisitions associate for Active International. In addition, Siegel worked for Salomon Smith Barney’s real estate investment banking group and Bear Stearns’ public finance sector.
THE RETAIL CONNECTION (DALLAS) The Retail Connection advances five professionals in its Dallas office and hires an executive vice president of brokerage to manage its Southern California office. In Dallas, Dennis I. Leibovitz is named executive vice president of brokerage while David Sacher, Mitch Traub and Wyatt Russo are made senior vice presidents and Tim Donovan becomes vice president. Taking the reins in the SoCal office is Robert Dennis, a 15-year industry professional whose client roster includes Gold’s Gym and Ashley Furniture.
MACERICH CO. (SANTA MONICA, CA) Stephen L. Spector, a 20-year professional, rises to senior vice president and general council for the Macerich Co., which he joined in 1988. Prior to the promotion, Spector was senior vice president and associate general counsel.
McCARTHYBUILDING (DALLAS) Chuck Shive is hired as a civil estimator for construction projects. He previously was an engineering manager with J.L. Steel LP, where he was responsible for all project management, engineering and administration functions for its civil group.
BROWN HOTEL GROUP (WESTLAKE VILLAGE, CA) Steve Soo Lee is the newest member of Brown Hotel Group’s brokerage team in a return to the industry after a 15-year run as owner and operator of a Long Beach grocery market. Lee began his career in 1978 with Olympic Realty and Investment Co. and went to hold a top salesman ranking until 1990 when he opened the market. His background spans retail, hospitality and insurance sectors.
MSA MORTGAGE OF NEW ENGLAND (WAKEFIELD, MA) The firm adds brothers BobandJohn Capone of Peabody as mortgage lenders to service communities along the North Shore of Boston. The team includes their sisters, Andrea and Michelle, who handle administrative duties. Bob Capone handles Peabody, Lynn and Danvers deals while John Capone’s territory is Everett, Malden, Chelsea and Saugus. Prior to joining MSA Mortgage, the brothers worked for a national company in central Massachusetts.
HOLLIDAY FENOGLIO FOWLER LP
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