For Schein, who founded GlobeSt.com and the RealShare Conferenceseries, the focus will now shift to the consumer sector and a rangeof media products. "ScheinMedia will target acquisitions in avariety of non-urban consumer publications," he explains."Investors are already in place."

His resignation, effective May 12, ends a two-decade stint withthe company that began when the firm published two magazines--oneof them Real Estate Forum--and had 18 employees. At the time, thecompany was owned by Jonathan's father, Gerald D. Schein. Theyounger Schein became president and CEO of the newly formed RealEstate Media in 1999, upon the sale of the company to an investmentfund managed by Wasserstein & Co.

The funding that resulted from that sale spurred the developmentof a broad spectrum of products--all dedicated to the commercialreal estate industry. Schein founded GlobeSt.com--which has becomerecognized as the industry's leading daily news website--and theRealShare Conference Series, which currently boasts 24 one-dayconferences around the nation. Also during his tenure, Real EstateMedia launched GlobeSt/RETAIL and two regional monthlymagazines--Real Estate New Jersey and Real Estate SouthernCalifornia. (The firm's first regional, Real Estate New York, waslaunched in 1992.)