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Executive Watch 10-01-03

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By noHead | Updated on October 01, 2003

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

10/01/03: Much has been made about the exporting of white-collar jobs overseas, and this is a real problem when job growth is essential to maintaining this economic “recovery.” Since real estate itself can’t be exported, many of the functions required to maintain it will remain here. However, there are many jobs outside this particular function that are in danger of–quite literally–going away. According to the US Department of Labor and Forrester Research, more than three million jobs will move offshore by 2015. Surprisingly, architecture-oriented work is expected to move approximately 185,000 jobs to foreign soil in that time. Think about this for a moment. Better living through technology has brought us to the point where a commercial building, office space, single-family homes, shopping centers and hotels–located anyplace in the nation–can all be designed half way across the globe–and done so for less than half the cost that would be incurred here. This is a definite trend. But is it progress?

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Johnson

WRIGHT RUNSTAD AND COMPANY (BIRMINGHAM, AL) Gregory Johnson has been named president. A partner since 2001, Johnson oversees all real estate development and investment for the company as well as its property management and leasing activities.
Behan

McSHEA & COMPANY (BIRMINGHAM, AL) The firm has promoted Brendon Behan to assistant vice president. In his new role he will specialize in the representation of office tenants and landlords in the suburban area. A member of the team for the past five years, Behan has served as property manager and sales and leasing specialist.

YOUNAN PROPERTIES (WOODLAND HILLS, CAI) Awaiz Akram has joined the organization as director of asset management. In this capacity, Akram is responsible for building operational management and the turnaround phase of under-performing assets in key US markets. He comes to the firm with more than 15 years of experience in operational management, quality control and productivity.

GRUBB & ELLIS (CHICAGO, IL) Leslie Logsdon has joined the office services group as a senior vice president. Logsdon will specialize in new business development and client services, structuring and re-negotiating existing leases, tenant representation, subleasing and assisting clients with the acquisition and disposition of CBD office properties. Prior to joining the organization, she was director at CB Richard Ellis and vice president with Julien J. Studley. As a manager in PriceWaterhouseCoopers’ Financial Advisory Services Group, she consulted to a client list that included both local and national corporations.
Hofmann

COLLIERS ABR (NEW YORK, NY) Retailing executive Michael J. Hofmann has joined the firm as senior managing director in charge of the growing retail brokerage business. Prior to joining the firm, Hofmann was associated with Alfred Dunhill and Louis Vuitton serving at that firm first as vice president and later as senior vice president of business development. He was also a vice president for Barneys New York.

CRIIMI MAE INC.

Commercial Real Estate Workout Specialist

(ROCKVILLE, MD)

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