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Executive Watch
Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com12/6/05: Hanukkah, the Festival of Lights, falls around Christmas this year. If published reports are to be believed, then why are retailers touting this as a retailing bonus? Is there a certain amount of anxiety about this year’s holiday selling season that we’re not privy to? If you have never recieved a Hanukkah gift, let me let you in on a secret: it’s not that exciting. The holiday spans eight days in which one gets one gift every night at sundown. The first seven days are reserved for such goodies as bad chocolates wrapped in foil that resembles gold coins or four-sided wooden spinning tops with Hebrew lettering on each side. (Another secret: most of us don’t even really know why the lettering is there in the first place.) Then there are the nice winter gloves from your Aunt Sadie that, “You better not lose.” Finally on the eighth night, you get the big gift–usually something nice like a bicycle. In other words, if retailers are this excited about a holiday celebrated by perhaps 2% of the entire American population, then our problems in this sector may be deeper than we thought.

The views expressed in this article are those of the author and not Real Estate Media or its publications.

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  NAI HIFFMAN (OAKBROOK TERRACE, IL) Benjamin Cremer and Eric Tresslar are made vice presidents of the industrial brokerage group. Cremer represents developers, owners and tenants in the Greater Chicagoland area. Tresslar, handles tenant rep, marketing and land opportunities throughout the Chicago metro.
  STUDLEY (ISELIN, NJ) The firm promotes managing directors Joe Messina and Philip Lipper. Messina is named strategic financial consultant for the New Jersey region while Lipper rises to corporate managing director.
New Hires
  WEICHERT COMMERCIAL BROKERAGE (MORRIS PLAINS, NJ) James Sousa comes to Weichert Commercial Brokerage as senior vice president. Most recently, Sousa was a managing director with Newmark Real Estate in Rutherford, NJ.
  OPUS GROUP (MINNEAPOLIS) The firm adds Steve Polacek to its executive management team as chief administration officer and chief financial officer. He was previously a partner in the Minneapolis office of Deloitte & Touche.
  PRINCIPAL FINANCIAL GROUP (DES MOINES) Dr. Therese M. Vaughn takes a seat on the board of directors effective immediately. She is the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University, Des Moines.
  JONES LANG LASALLE (PALM BEACH, FL) Steven J. Paige fills a vice president and leasing director position for the South Florida operation. The former leasing director for Parthenon Realty LLC is taking over leasing, new business and marketing for Palm Beach and Broward counties.
  GMAC COMMERCIAL MORTGAGE CORP. (HORSHAM, PA) David Sebastian moves into the newly created position of senior vice president and managing director of the Granville, OH-based Low Income Housing Tax Credit Division, which has operated for seven years as Paramount Financial Services.
Job Opportunities
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Real Estate Financial Analyst

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