Jonathan A. Schein
President & CEO
Real Estate Media GlobeSt.com

2/6/03: The unemployment rate for New York City hit 8.4% in December, rising from 8% the month before. This is called "trending upward," but upward is clearly the wrong direction. Many of the unemployed making up that new 0.4% come from the ranks of the financial/investment-banking community. In other words, our capital markets are far from recovering. The President believes that the stimulus package introduced last week is just the ticket to get our economy humming again. Really? I still haven't spoken to anyone in any part of the country that truly believes it will. Of course, the opposing party hasn't presented anything better. The 2004 elections are just around the corner, and there is hope that those running for office will actually ask for our opinions again. Until then, hang on; it's going to be a bumpy ride.

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INSIGNIA/ESG INC.
(SADDLE BROOK, NJ) Andrew Parella has been named associate director within the company's brokerage division. He transferred from the firm's Midtown Manhattan office, specializes in representing landlords and tenants in the Northern New Jersey office market, and will now be based out of the firm's Saddle Brook office.

LINCOLN PROPERTY CO.
(PARSIPPANY, NJ) Rick Genthe has been named senior leasing director at the company's Parsippany, NJ offices. The 20-year commercial real estate veteran will be responsible for marketing and leasing of all Lincoln Property Co.'s assets in the metropolitan region, as well as new business development.

Perrin

STARWOOD CAPITAL
(GREENWICH, CT) Starwood Capital Group has recently promoted five executives. Marc Perrin was made managing director; Tim Fox and Bob Geimer were promoted to senior vice president; while Len Bravo, Laura Rubin and Paul Sisson were promoted to vice president within the company.

LEVINE BUILDERS
(DOUGLASTON, NY) Steven Charno has joined the firm as a development manager, and will manage new development projects for Douglaston Development, the company's development division. Nancy Colletta has also joined the company, assuming the dual role of senior property manager for Clinton Management, the building management division of Levine Builders, and serving as asset Manager for Douglaston Development.

Davoren

TURNER CONSTRUCTION CO.
(DALLAS, NEW YORK CITY) Peter J. Davoren is named president of the company. Other appointments include Rodney J. Michalka, executive vice president in charge of key business initiatives, Donald G. Sleeman, promoted to executive vice president and James C. McKenna, senior vice president and general manager of Turner's New York business unit, succeeding Davoren.


DOUGLAS EMMETT

Financial Analyst

Santa Monica, CA

 Develops and reports portfolio statistics and designs ad hoc reports to assist management; works with acquisitions associates and management on the due diligence process; and reviews actual quarterly and year-end results for comparisons to budgets.

For more information, click here.

CIM GROUP

Manager of Finance

Hollywood

Responsible for preparing comparisons and evaluations of 'Term Sheets' from appropriate lenders for new projects, re-financings and permanent loans. Coordinate with outside counsel to structure, negotiate and finalize lender loan documents and loan documentation process.For more information, click here.

CRESCENT REAL ESTATE

Financial Accounting Manager-Joint Ventures

Ft. Worth, TX

 Reviews/analyzes property and joint venture financial statements; budget and reforecast information; five-year projection models; and lease statistical data. Reports to regional property controller for approval. Four to seven years related experience desired.

For more information, click here.

CIM GROUP

Investment Assistant/Analyst

Bethesda, MD

 Under the direct supervision of the managing director of investments, this position provides financial analysis, market research and administrative support for the East Coast office of CIM Group in their office, multi-family, retail, parking, hotel and land joint-venture investments.

For more information, click here.

RELATED CAPITAL

Financial Analyst - Capital Markets

New York City

Support the vice president of Capital Markets in all debt and equity raising initiatives for both CharterMac and AMAC; and help efficiently manage the balance sheets of both. College grad with one to three years of relevant real estate and/or capital markets experience. For more information, click here.

To recieve the weekly Executive Postings email, register for our free daily NewsBlast in the upper righthand corner of this page. To unsubscribe click here. To post executive news, email a photo (JPEG) and brief employee biography to our site manager Michael Gilliard. This section of the page is updated daily. To announce an opening please click on Post-A-Job.

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