Perspective
It seems unlikely thatWal-Mart would ever need anybody defending its business practices.However, now may be a good time to start, given the scuffle overwhether or not Wal-Mart should open a banking division. As thenation's largest private-sector employer, Wal-Mart can offer itsemployees and customers a relatively easy and low-cost way to getto their hard-earned money. Every couple of years anothercorporation is targeted for its "unfair" business practices, andthe corporation typically spends hundreds of millions of dollars inlegal costs that are then passed onto the consumer. Microsoft facedthis battle over a decade ago as did AT&T a decade before that.Perhaps it would be better to let consumers decide what is workingfor them and what isn't. The wisdom of Wal-Mart's banking strategyshould be determined in the marketplace, not the legislature.

The views expressed in this article are theauthor's own.
Promotions

PACIFIC SECURITY CAPITAL
 (BEAVERTON, OR) CFO Dan Ferris also assumes the COO's role to pick up oversight of all core business units. Ferris, the veteran executive, joined the firm in 2004.

WELLS REAL ESTATE FUNDS
(NORCROSS, GA) Jeff Gilder is named managing director ofcapital markets while Spencer Patton and Keith Willbyare elevated to senior vice presidents of acquisitions. Gilder getsa newly created position to oversee three of the firm's fiveregional acquisitions teams. Patton will direct acquisitions in theMidwest region after four years as its vice president. Willbyassumes acquisition duties for the South.

New Hires

SCI REAL ESTATE INVESTMENTS
(LOS ANGELES) The national TIC sponsor company adds 10 regionaldirectors to its line-up. Brian Ballo comes on board for theAnaheim, Long Beach and Riverside, CA office; Eric H.Aronson, Austin-San Antonio; Alan Willsey, Baltimore,Richmond, VA and Washington, DC; Scott William Dunton,Billings, MT, Boise and Fargo and Sioux Falls, SD; TimCrockett, Houston; B. Quentin Foster, Hollywood;Wayne Gregori, Oakland, CA; Norman Craig Henry,Orlando and Tampa, FL; Benjamin Calamore, San Diego; andSteven Epcar, San Francisco and San Jose, CA.

JONES LANG LASALLE
(CHICAGO) Anne Carey ends eight years as the Chicago Bearsrepresentative for the $650-million redevelopment of Soldier Fieldto become a senior vice president in projects and developmentservices for Jones Lang LaSalle's Chicago and the Midwestregions.

BROWN RAYSMAN MILLSTEIN FELDER & STEINER
(NEW YORK CITY) The law firm of Ross & Cohen becomes part of Brown Raysman Millstein Felder & Steiner in a move to beef up its construction law practice. The line-up includes Allen Ross and Frederick Cohen.


TRAMMELL CROW CO.
(SAN FRANCISCO) Roberta Sharnak is named vice president of project management in Northern California. Sharnak most recently was vice president and national account manager for Jones Lang LaSalle.


CRESCENT REAL ESTATE EQUITIES
(PHOENIX) Joseph F. Pitchford gets a vice president of development's title and responsibility of the 255,000-sf, class A office project at Hughes Center in Las Vegas. He most recently was executive vice president with Concord Eastridge Inc.


Job Opportunities
TitleDescription

EQUITY OFFICE PROPERTIES

(CALIFORNIA)

Leasing Director

The leasing director is directlyresponsible to the VP-leasing for the successful marketing andleasing of assigned properties. He or she will be responsible forexecuting the account management program.

HYPO REAL ESTATE CAPITAL CORP.

(NEW YORK)

Asset Manager

Hypo Real Estate Capital is seekingcandidates for an asset manager position at our Midtown New York USheadquarters. The asset manager is responsible for the performanceof assigned properties within our multibillion-dollar US portfolioof commercial and multifamily assets.

DELOITTE FINANCIAL ADVISORY SERVICES

(GEORGIA)

Lease Advisory Valuation Services /Manager

The selected candidatewill provide consultative services in the real estate industry toboth landlord and large corporate tenants. Landlord client projectsinclude: due diligence, CAM analysis and payments, and leaseaudits. Corporate client projects include: lease audits, leaseabstraction, lease administration and cost reduction projects.

COSTAR GROUP INC.

(MARYLAND)

Assistant Research Manager

We are currentlyseeking a professional, career-oriented individual with excellentmanagement, communication and organizational skills to join ourcommercial real estate research team at our brand new Columbia, MDresearch center.

EQUINOX PARTNERS

(WASHINGTON DC)

VP, Investments

The regional vice president, investments will be responsible forthe origination and execution of residential real estateinvestments in the Washington, DC area which may includeacquisitions, ground-up development, and/or redevelopment, ofprimarily multifamily rental product.

SELECTLEADERS

(NEW YORK)

Project Manager–Development Finance

Our client, a premier globalhospitality and resort operator/developer plans to add severalsenior, high-performing development and asset managementprofessionals to its leadership team. The company, based on theEast coast, is in a high-growth mode and the successful candidateswill enjoy an exceptional career path.

LOWE ENTERPRISES INC.

(CALIFORNIA)

AVP, Underwriting Manager–RiskManagement

This position is responsible forthe administration of the company's property/casualty and financialproducts insurance programs including OCIPs. Responsibilitiesinclude calculation of premium allocations, policy review and theanalysis of underwriting data for submission to the broker/markets.

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