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

12/31/03 : Congratulations, we've made it through 2003 and no less for the wear. As a matter of fact, our economy -- and our industry -- ended up much better than we anticipated 12 months ago. Of course, now is a perfect time to take stock of how much we've accomplished and to ponder what is needed to nurture this nascent economic expansion. The biggest question mark we will face is whether or not there will be true growth of domestic employment. By this I mean meaningful job growth. It is one thing for statistics to show an up tick in employment, but is this growth additional minimum - wage jobs or is it rehiring and expansion - hiring in white - collar positions? Manufacturing jobs have been steadily declining for the past 40 years. However, this is the first time we can track a loss in white - collar jobs, those that have been moving overseas. This will continue to be the issue for 2004 and beyond.

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TRIAD CAPITAL
( KANSAS CITY , MO ) Mark E. Reichter has been promoted to second vice president of loan production. Reichter has been at the firm since May 2002, when he joined as a real estate analyst and loan underwriter. In his new position, he will generate loan production. Before joining Triad, he was a real estate analyst at Holliday Fenoglio Fowler.

MIT LENDING
(NEW YORK CITY) The company has promoted Sharon Blitz as senior vice president of its West Coast operations, in which she will co-manage all wholesale and correspondent sales and operational activities among eight branches serving California , the Pacific Northwest , the Southwest and the Rockies . Blitz was promoted from vice president of that region

THE MACERICH CO.
(SANTA MONICA , CA) Tim Pullen has been named manager of strategic partnerships. Pullen joins the firm from the Phoenix Art Museum , where he was corporate relations officer. In his new role, he will handle strategic partnership development from Macerich's regional office in Phoenix .

KOR COS.
(WALL, NJ) Cynthia Mack has come on board as operations manager, in which she will perform a variety of functions. She was most recently administrative assistant to the senior director at Osteotech Inc.

CARLTON ADVISORY SERVICES
(NEW YORK CITY) Romano Tio has joined the firm as director, in which he will concentrate on the origination of debt and equity financing while also locating principal investments. Tio has left his role as principal of various multiple residential and hospitality transactions throughout the East Coast. Also joining Carlton is Kenneth L. Herzberg , who comes on board as vice president. Herzberg will work with major hospitality clients. He was most recently responsible for developing various hotels in Manhattan , including Starwood's W Hotel in Times Square .

PARAMOUNT FINANCIAL GROUP

Asset Manager

(CALIFORNIA)

For more information, click here.

The successful candidate will ensure that investment objectives are met for all real estate investments, while maximizing the properties' investment value for disposition. This professional will also identify situations which could negatively affect the investments' value while recommending solutions to those problems.

NEW URBAN WEST

Acquisitions Manager

(CALIFORNIA)

For more information, click here.

In this position, the successful candidate will assist in locating residential real estate development opportunities in Southern California , which will involve conducting research, financial analysis and feasibility studies as well as negotiation and interaction with landowners and company principals.

BURROUGHS & CHAPIN CO. INC.

Chief Resort Development & Operating Officer

(SOUTH CAROLINA)

For more information, click here.

This individual must plan, develop and lead sales and operational efforts for a division responsible for a major component of the company's net operating income. This position reports directly to the CEO. The division includes upscale resort/residential and related properties, including golf courses, interval ownership properties, hotels, marina, and tennis and dining-club facilities.

AIMCO

Regional Operating Center Controller/CFO

(OHIO)

For more information, click here.

In this newly created position, the appointed professional will drive strategic management direction and operations leadership within a regional operating center (ROC). He or she will focus on developing optimal long-term business decisions.

COMMERCIAL MORTGAGE SECURITIES ASSOCIATION

Marketing Director

(NEW YORK)

For more information, click here.

Using his or her marketing, editing, public relations, computer and communications skills, the professional assuming this role will take on a variety of marketing roles. He or she will work with the advisory committee for the CMBS World publication to ensure that magazine's high level of professionalism. He or she will also ensure the adequacy of sponsorship programs, interact with director and coordinator of meetings regarding suitability of meeting marketing, and ensure that any membership materials are incorporated into overall marketing strategy.

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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