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

2/12/03: One of the biggest stories to emerge this year is the proposed merger between CBRE and Insignia. If this merger does go through, there are many issues that will have to be tackled, the first being the potential exodus of unhappy dealmakers. This whole business is based on relationships, but how is that valued? Secondly, there is a definite cultural difference between the two companies. This is where human-capital experts and consultants will really earn their keep. Finding a way to integrate these two large companies will not be an easy task. To paraphrase Neil Simon from his play the Odd Couple, "Can two large firms form a company without driving each other crazy?" Will the marriage throw still more top-level broker names into the recession-based game of musical chairs? And what about the boutique-factor? As I mentioned in this column a few weeks ago, this may be the time for entrepreneurs to step up and create their own businesses. At the end of the day, how much one company pays for another is only the first question in the ordeal of consolidation.

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GRUBB & ELLIS
(NEW YORK CITY) John Sisson has joined the firm's Consulting Group as manager of its global site selection practice. He will be based in Grubb & Ellis' Greenville, SC office, and will be responsible for directing industrial and distribution client projects as well as economic development assignments.

Hollander

THE CLARETT GROUP
(NEW YORK CITY) Daniel Hollander has been appointed vice president. He was previously associate. Hollander focuses on finance, new business development and project development, and has 14 years experience in real estate development in both the public and private sectors.

CB RICHARD ELLIS INC.
(PHOENIX, AZ) Darren Pitts and John Glassmoyer have been promoted to first vice president. Pitts, who has been with the Phoenix office of CBRE since 1995, has completed sale and lease transactions totaling more than $545 million over the last seven years. Glassmoyer rejoined CB Richard Ellis in 1993 and has negotiated more than $250 million single-tenant transactions in the past two years.

Schnur

PW FUNDING
(MINEOLA, NY) Following the retirement of president T. Michael Forney, the leadership of PWF has been transferred to William T. Hyman and Kelly Schnur, both managing directors of PW Funding, under the overall direction of Stuart J. Boesky, CEO of CharterMac and PWF's board chairman, and Raymond J. Reisert, Jr., PW Funding's CEO.

Nachman

HALL FINANCIAL GROUP
(FRISCO, TX) David Nachman has joined the company's real estate structured finance team as asset manager and financial analyst. He will monitor and analyze Hall Financial's portfolio of mortgage loans, mezzanine financings and equity investments.


AEW CAPITAL MGMT.

Vice President of Acquisitions

Los Angeles

 Originate multifamily transactions appropriate for Direct Investment Group institutional clients in Western U.S. Execute investment strategies in the context of individual market dynamics and develop investment strategies with AEW Research. 10 years of institutional real estate experience required.

For more information, click here.

JOSEPH FREED AND ASSOC.

Vice President of Development

Wheeling, IL

Lead a team of development professionals in a series of projects. Previous on-point experience managing multiple development projects from inception through construction and delivery. Previous experience in retail, residential or mixed use developments strongly desired.For more information, click here.

METRO SPIRE

Senior Manager

New York City

 Applicants should demonstrate experience in asset value enhancement and an ability to recognize assets for potential aquisition. Ability to evaluate commercial and residential properties for investment opportunity as part of a developement and growth strategy a necessity.

For more information, click here.

OAKMONT

Senior Financial Analyst

Atlanta

 Project-by-project review and analysis of existing and future investments, including NVP, IRR, sensitivity analysis and other financial measures. Develop flexible and interactive financial models for all property types and investment vehicles. Prefer graduate degree in business or law.

For more information, click here.

BRIDGER

Underwriter (Commercial)

Mill Valley/Sausalito, CA

Requires five to 10 years experience in an institutional real estate lending environment, and a good understanding of commercial real estate loan underwriting standards. Accepting candidates from the greater San Francisco Bay-area only. 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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