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

10/22/03: Sometimes you have to wonder about conventional wisdom in the nation's capital. The economy is one of the two biggest topics on our government's agenda, the other being the war on terror. When the current administration was pushing Paul O'Neill, a former CEO of Alcoa, for Treasury Secretary, many wondered about the wisdom of picking someone who hailed from the so-called old economy. At first glance, the choice made some sense because the new economy had faltered and this was a return to corporate and fiscal responsibility. Now, we have John Snow, former CEO of another old-economy firm, CSX. Recently, in a published interview, Snow predicted that the economy will grow in the next four quarters and produce two million new jobs. If this happens, we will all be rejoicing. If not, it might be an indication that this administration's idea of how to manage our economy may be on the wrong track and out of touch.

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GRUBB & ELLIS CO.
(COLUMBUS , OH) Grubb & Ellis/Adena Realty Advisors has promoted Michael Linder and Gregory D. Weber to vice president positions. Linder, who has been at the firm for three years in its industrial services group, has completed more than 60 lease and sales transactions involving in excess of two million sf and totaling more than $18 million. In the firm's office services group, Weber has handled more than 60 transactions involving more than 900,000 sf. A two-year veteran at the firm, he was previously at RJ Boll Realty Ltd.

Brabant

DOUGLAS ELLIMAN
(PHOENIX)
Steven Brabant has been promoted to first vice president of the firm's Phoenix office. Brabant has more than 30 years of experience in his specialty of institutional commercial real estate and has worked in a variety of domestic and international markets. He has utilized his legal and business background in the handling of large domestic and foreign clients needs in acquisitions, dispositions, highly structural debt and equity transactions and workouts.

COLDWELL BANKER COMMERCIAL
(PARSIPPANY , NJ) Michael D. Damelio has joined the firm as manager of commercial services in northern region. In that capacity he'll consult with individual franchisees throughout 19 states. He was most recently an associate with the Staubach Co.'s New Jersey office, where he managed transactions and provided consulting services. Prior to that, Damelio was a senior account associate at Cushman & Wakefield.

Kastanis

FLEET
(NEW YORK CITY)
Maria Kastanis has been appointed senior vice president and team leader in the firm's finance group. In this capacity, she will be responsible for managing new business development for the firm's New York City and Long Island's real estate finance portfolio. A 20-year veteran of the industry, Kastanis began her career at Merrill Lynch Hubbard and entered banking as a lending officer in the real estate divisions at Credit Lyonnais and KreditBank. She also worked at the Bank of New York, where she served as a vice president in the real estate lending division .

NAI CORPORATE SERVICES
(NEW JERSEY) The firm has named Rick Leighton as the newest Corporate Services Group team member. Prior to joining NAI, Leighton spent 32 years with Air Products and Chemicals Inc., where he served in accounting, sales, service-management and marketing before heading the real estate department. In that role, he was responsible for all real estate activities in the Americas for approximately 300 owned properties and 250 leases. In addition, he has managed space planning for more than two million square feet of office space. Leighton worked with NAI as a preferred real estate partner for more than 15 years while overseeing the Air Products portfolio.



REAL ESTATE RECOVERY, INC.

Director, Real Estate Due Diligence

(VIRGINIA)

For more information, click here.

Postulant will develop and manage real estate due diligence projects using a solid background in financial, credit and market analysis of commercial real estate and his or her prior background in managing and delivering underwriting and valuation services. This position requires performing quality control, scheduling, pricing, staffing and training tasks. The ideal candidate will have an extensive industry professional network and significant experience in developing and managing client relationships.

AVALONBAY COMMUNITIES

Portfolio Director

(NEW JERSEY)

For more information, click here.

Applicant must be able to direct and coordinate all activities involving AvalonBay's New Jersey portfolio, comprised of six properties, to ensure that its financial, business and customer service obligations are achieved. Ideal candidate will successfully implement corporate and regional programs as well as proactive regionally specific initiatives and strategies. Candidate must possess strong problem-solving and quantitative ability, as well as pro forma project accounting and performance-tracking experience.

THE RELATED COMPANIES

Real Estate Associate

(NEW YORK)

For more information, click here.

In this associate-level project management position, the ideal candidate will assist in all aspects of developing the Tuxedo Reserve and other new development sites. These tasks entail supporting entitlement work, site planning, construction, marketing, sales and start-up of operations. The position also requires performing market, site and zoning assessments and other due diligence activities. The ideal candidate will maintain and refine development budgets, cost and fiscal analyses and pro forma income statements.

CORPORATE OFFICE PROPERTIES

Property Manager

(MARYLAND)

For more information, click here.

This position requires applicant to handle overall management of assigned staff and properties in order to ensure that quality customer service is provided while properties operate within an economical operating constraint and within budget. Applicant will recognize, diagnose and resolve property operational problems, as well as prepare and monitor budgets.

FERRIS, BAKER WATTS, INC.

Real Estate Securities Senior Associate/Analyst

(VIRGINIA)

For more information, click here.

Ideal candidate will interact with senior REIT analyst to provide maintenance research on this organization's current cover age list as well as initiate coverage on new companies. Candidate will also identify and report on industry issues with the goal of eventually developing his or her own research coverage.

To receive 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. This section of the page is updated daily. To announce an opening please click on Post-A-Job. Past issues of this newsletter can be found here.

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