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

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