Search
 

The Latest Openings, Insightful Commentary

<!--.tabletext {font-size: 12px;font-family: Arial, Helvetica, sans-serif;}.tinytext {font-size: 10px;font-family: Arial, Helvetica, sans-serif;}.border…

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<!–.tabletext {font-size: 12px;font-family: Arial, Helvetica, sans-serif;}.tinytext {font-size: 10px;font-family: Arial, Helvetica, sans-serif;}.border {color: #000000;border: 1px #999999 solid;font-size: 12px;font-family: Arial, Helvetica, sans-serif;}.johnathantext1 {font-size: 12px; font-weight: normal;font-family: Verdana, Arial, Helvetica, sans-serif;}.tabletext1 {font-size: 11px;font-family: Verdana, Arial, Helvetica, sans-serif;}.style1 {font-size: 12px; font-weight: normal; font-family: Verdana, Arial, Helvetica, sans-serif; color: #000000; }–>

Executive Watch
Perspective
Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com11/22/05: The late Senator Everett Dirksen was reported to have said, “A billion here, a billion there, and soon it adds up to real money.” So when General Motors announced this week that it plans on cutting 30,000 jobs and closing or partially closing 12 plants across the country and Canada in order to save $7 billion by the end of 2006, eyebrows were raised. This amounts to 22% of its unionized employees and 7% of its total salaried workforce. While this is a necessary move in order to shore up GM’s precarious financial condition, it is also important to understand the impact this will have beyond its bottom line. Many of these jobs are no longer required and probably have been on the books too long. However, how will we create 30,000 new jobs to replace those that have been lost? Retail-based minimum-wage jobs are not the opportunities that mature workers need. So as we give thanks this week, it is a good time to think about those who are suddenly not so fortunate.
To receive the weekly Executive Postings email, register for our free daily NewsBlast in the upper righthand corner of this page. To post executive news, email a photo (JPEG) and brief employee biography to our site manager. To announce an opening please click here.
Promotions
CUSHMAN & WAKEFIELD (NEW YORK CITY) James DeLuca earns a berth as senior director after 20 years with the firm. His client roster includes 1177 Avenue of the Americas and Theatre Row Phase II Associates on the ownership side while tenant rep activities have included consulting and brokerage for firms like Alitalia Airlines and Eastman Kodak.
ARBOR COMMERCIAL MORTGAGE (UNIONDALE, NY) Ronald Arena moves to assistant vice president of secondary markets from asset management director. He joined the firm three years ago, rising through the ranks from operations director for the capital markets group and director of sales administration.
New Hires
CUSHMAN & WAKEFIELD (CHICAGO) The firm expands its capital markets group by adding John Simon, Paul DeKruiff and Brian Pohl to its apartment brokerage services group in the Chicago office.
OPUS NORTH CORP. (ROSEMONT, IL) Greg Terwilliger is named real estate director for Chicagoland. He most recently was vice president for Paine/Wetzel-Oncor International. His new duties include sales and financing of industrial properties developed by Opus North.
PACIFIC SECURITY CAPITAL (PORTLAND, OR) The commercial real estate investment bank hires Corine Nussmeier as director of global retail services. She joins the bank from NAI Norris, Beggs and Simpson.
GVA WILLIAMS OF CONNECTICUT (STAMFORD, CT) Ted Grogan is named vice president for GVA Williams. His background includes stints with CB Richard Ellis Inc. in its Stamford office, D.H. White Commercial Real Estate Services and Prudential Commercial Real Estate.
CRESCENT REAL ESTATE EQUITIES (FORT WORTH) R. Todd Bicknell becomes vice president of structured finance. He will manage operations and financial aspects of Crescent’s mezzanine loan fund. He also will monitor asset performance and partnership agreement compliance plus work with the REIT’s joint venture partners.
Job Opportunities
Title Description

SPERRY VAN NESS

Commercial Property Manager

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.