| Jonathan A. Schein President & CEO Real Estate Media GlobeSt.com | 10/15/03: How does an annual 5% broker attrition rate grab you? In this week's UpClose, that's what CB Richard Ellis' Bob Alexander says is "normal" in the real estate services industry. Considering what an impact the CBRE/Insignia consolidation has had in the marketplace, you would expect more. What does this say? Probably several things. First, the assimilation of the two cultures seems to be taking hold. The second issue is that, in this current economic environment, there is safety in staying put. There are many positive signs pointing to a full rebound; they just haven't taken root yet. And yes, before the economy truly improves, there will certainly be more movement and, most likely, a new wave of company-creation. Once all of that is over, it will signal the start of real growth and real business to get excited about. Stay tuned.
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Szarkowski | STAUBACH COMPANY (NEW YORK) Natasha Szarkowski has been promoted to director of corporate services where she will play a key role in directing commercial leasing activity while specializing in account and transaction management, financial analysis and project coordination. Since joining the firm, Szarkowski has closed more than 300,000 sf of transactions, including a lease for the Teachers' Retirement System. Prior to joining Staubach, Szarkowski worked for Binswanger, where she was responsible for business incentive analysis and financial modeling for such clients as Best Foods, Comcast, Keebler, Holmes Products and Charles Schwab. | White | THE BUXTON CO. (FORT WORTH)The Buxton Co. has made two key promotions. Tim White was named senior vice president of account and project management. Mike Rosa was promoted to senior vice president of operations. White will oversee client services previously managed through the company's sales force. Rosa's new responsibilities include managing the operations of the firm's research, information technology and GIS departments. | | | CARLTON ADVISORY (NEW YORK) Abe Wallach has joined Carlton Advisory Services as director of investments and joint-venture relationships for the firm's newly formed strategic-ventures initiative. For 10 years, Wallach headed the Trump Organization's real estate group, where he was responsible for more than $5 billion worth of transactions and raised approximately $700 million of equity. Carlton formed CSV to help clients access sponsor equity capital that can be utilized to complete real estate acquisitions.
| Goodman | DOUGLAS ELLIMAN (NEW YORK CITY) Sachiko Goodman, a former real estate investor and developer, has joined the firm as managing director overseeing luxury condominium sales in Manhattan. Goodman has generated more than $2 million in annual sales as a residential broker and managing director for Sumitomo in Manhattan. Goodman was also president and owner of Preferred Capital International Corp. | Wenkstern | MOHR PARTNERS (DALLAS) The firm has added real estate veteran Tom Wenkstern as managing partner and chief marketing officer. In his new post, his primary focus is the organization's expansion worldwide. Previously Wenkstern served as senior managing director for Insignia/ESG's corporate services group overseeing the development and management of the US platform. | |
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| | MOODY'S INVESTORS SERVICE Vice President/Senior Analsyt REIT (NEW YORK) For more information, click here. | Ideal candidate will manage relationships with property firms; lead in the writing of company credit reports as well as special reports on property-related credit topics; provide materials for speeches, conferences and briefings. Claimant will source and analyze quantitative and qualitative information under the auspices of a managing director; produce analytical summaries of the data; prepare rating recommendations; monitor companies and conduct ad hoc projects. | WINCHESTER HOMES Development Manager I – Acquisitions (MARYLAND ) For more information, click here. | Postulant will assist with land research; identification and pursuit of land leads and management of contracts. Obligations further comprise of the preparation of market analyses to establish competitive risks and target product pricing and positioning; evaluation of financial feasibility to insure that proposed acquisitions meet company profit and return criteria; development analyzations to identify all entitlement and development risks along with coordination and packaging work product for presentation. | AVALONBAY COMMUNITIES Portfolio Director (NEW JERSEY) For more information, click here. | Incumbent's responsibilities entails directing and coordinating activities involving the firms' portfolio to ensure that the company's financial, business and customer service objectives are achieved. Results will be achieved through the successful implementation of corporate and regional programs as well as proactive, regionally specific initiatives and strategies undertaken by the portfolio director that further help promote optimum performance. | THE RELATED COMPANIES Real Estate Associate (NEW YORK) For more information, click here. | Considered applicant will perform advanced financial analysis, broad project management activities, and due-diligence while assisting in all aspects of new development sites. Aspirant's primary duties are to m aintain and refine development budgets, cost analysis, pro forma income statements and fiscal analysis; assist in entitlement work, site planning, construction, marketing, sales and start-up of operations; market, site and zoning assessments, in addition to due diligence activities related to site acquisition and development feasibility. | TRIMONT REAL ESTATE ADVISORS Senior Asset Manager ( Georgia ) For more information, click here. | Appellant will develop and implement annual business plans; monitor assets, prepare annual property valuations with quarterly updates; construct monthly asset management reports; establish procedures for effectively managing the portfolio and assist underwriters in evaluation of market rents, expenses and cap rates. In addition, hopeful will monitor construction progress; review and approve draw schedules and funding requests; coordinate dispositions with joint venture to ensure assets achieve maximum values; produce quarterly investor reports; ensure timely and accurate reporting on performance, budget variances, and significant changes in market and property conditions. | |
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