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Executive Watch

Jonathan…

By noHead | Updated on April 15, 2003

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

4/09/03: Any business entity is made up four asset classes: financial, physical, intangible and finally human capital assets. Interestingly enough CEOs, CFOs or COOs can cite chapter and verse on the organizational value for the first three of these classes but too often they have no idea on how to value the human aspect. How is human capital defined? How can you calculate the ROI of the organization’s talent base? It certainly isn’t defined just by the dealmaker’s contributions. Human capital is defined by the Society for Human Resource Management as, “The collective sum of the attributes, life experience, knowledge, inventiveness, energy and enthusiasm that people choose to invest in their work.” Simple enough. However, if you’re really interested in what the return on your company’s human capital is, visit the head of human resources and have a talk. Most harried executives don’t take the time to visit the department that holds the key to any organization’s most valuable asset class. You’ll be surprised by what you learn.

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Murphy

MB REAL ESTATE (CHICAGO) The firm promotes John T. Murphy from VP of leasing services to SVP of that division. The 10-year Chicago market veteran is currently leasing representative for the 1.5 million sf 500 W. Madison building, and was recently the leasing representative for Dearborn Center, a 1.7 million sf-development in the CBD.
Sehler

BINSWANGER/CBB (VIENNA, VA) Thomas J. Sehler is named SVP for brokerage for the region, where he will support both the national division brokers and the advisory services practice team. His primary responsibility will be commercial real estate transaction activity for clients in the Washington, DC, metro marketplace.
Bright

HOLDER PROPERTIES (ATLANTA) The firm names nine-year company veteran Tim Bright to SVP. Bright oversees the development department for Holder, and is involved in pre-planning and land acquisition; pre-construction, design and construction; and completion and closeout for several projects.
Schulman

THOR EQUITIES (NEW YORK CITY) Andrew W. Schulman joins Thor Equities as EVP of leasing, and Lino A. Solis assumes the position of in-house counsel. Schulman oversees leasing in support of the company portfolio, while Solis oversees all general corporate transactions, provides litigation support, and prepares contracts.
Reder

YOUNAN PROPERTIES (NORTH HOLLYWOOD, CA) Jeffrey B. Reder is named VP of asset management, and will be responsible for managing assets throughout the US. Most recently, Reder served as VP of investment banking at SoundView Technology Group, functioning as head of the telecommunications Corporate Finance Group
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