11/1/05: Meg Whitman, CEO of eBay, has been ranked 2005′s most powerful woman in business by Fortune magazine. This is an incredible accomplishment by an incredible business leader. Sometimes, when we’re knee deep in our own respective industries, it’s hard to see outside of ourselves. We all know the breadth of eBay’s reach and how much of an impact it has had on the trading of goods through its auction services. This week, EBay’s market capitalization hovers at around $55 billion. To keep this all in perspective, according to Nareit, there are 23 publicly traded office REITs with a total market cap of $56 billion. That really sends the message home that, although there is much to be said about value that REITs bring to the economy, it’s a small universe compared to the rest of the marketplace.
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GOLDSTEIN GROUP (GLEN ROCK, NJ) Ryan D. Glastein is promoted to the company’s “Team Paramus,” a retail specialty group in the Paramus, NJ market. Prior to joining the Goldstein Group, Glastein served as general manager and vice president of operations for Simple Simon Inc.
STEWART TITLE OF CALIFORNIA (SAN DIEGO) Effective Jan. 1, Brian Hurley will move into the president’s slot, succeeding Allan Wasserman who remains with the firm as group president of Stewart Title Co. and regional manager of Stewart Title Guaranty Co.
GARIBALDI GROUP/CORFAC INTERNATIONAL (CHATHAM, NJ) Joining the firm are John T. Morgan and Kurt Borowsky, both accorded vice presidents’ titles; Kyle R. Raffo and Toby Nelson, associate vice presidents; and Mary J. Royal, lease administration.
STAUBACH CO. (WASHINGTON, DC) Mark E. Montgomery, formerly with CB Richard Ellis Inc., becomes vice president of design and construction consulting services for Staubach Co.’s Northeast region.
FREMONT INVESTMENT & LOANS (ATLANTA) Andrew D. Shires becomes vice president and senior loan originator in the Atlanta office for the Tustin, CA-based lender’s commercial real estate division. Shires will focus on origination of bridge and construction loans in the South.
THE KOR GROUP (LOS ANGELES) Frank Iaffaldano is named president of Kor Realty Group after serving as its outside legal counsel for more than a decade. For the past four years, he has been a partner in the real estate department and member of the recreation and resort practice in the law firm of Paul, Hastings, Janofsky & Walker in Los Angeles.
GVA WILLIAMS NEW JERSEY (PARSIPPANY, NJ) Eric Rubin joins the investment sales group as an associate. He previously worked for the American Stock Exchange and Vitamin Water.
The sales associate and broker of record positions are available with this full-service real estate company that focuses exclusively on the sale of multifamily properties. Properties typically range in size from 12 to 200 units. The company is currently doing business in New England, Georgia, Texas and Florida with expansion throughout the country.
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