1/21/04: The Iowa caucuses are now history and the winner, John Kerry, claims that he will protect the American worker from "Corporate Benedict Arnolds" who ship jobs overseas. Frankly, this is no time for this kind of hyperbole. IBM has just announced that it will hire 15,000 new employees, but only 5,000 of these new jobs will remain in this country. With "momentum" on his side, at least for the next six days until the New Hampshire primary (where he will most likely do well before moving onto South Carolina and lose to John Edwards), Kerry may be wiser to focus more on his original idea about keeping jobs in this country and modifying the employer payroll tax. That could create incentives for employers to keep new jobs on domestic shores. This may not be the best answer all around, but vilifying a particular part of the economic machine is also not an answer. Of course, if you're looking for answers from across the aisle, our country may be better served if the President focuses less on Mars and keeps his eye on this neck of the woods. As the saying goes, "All politics are local." And they should definitely remain earthbound.

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TRAMMELL CROW CO.
(DALLAS) Diane Paddison has been named to the firm's Executive Committee, in which she will join other members of senior management in setting the company's overall strategy. Paddison is national director for client services at the firm. She has been at the firm since 1986.

ARCHON ATLANTIC
(CHATHAM , NJ) Fred J. Arena has been promoted to director of commercial real estate and regional director of management. In his new role, he will lead all operations in his regional office.

INSITE COMMERCIAL GROUP/TCN WORLDWIDE
(SOUTHFIELD , MI) Cynthia J. Kratchman has been named vice president of the company's retail division, a role in which she will specialize in local and national tenant-landlord representation, commercial property transactions and development. She was most recently with Friedman Real Estate Group.

INTERSTATE HOTELS & RESORTS
(ARLINGTON , VA) Terry Alder has rejoined the company as vice president of operations, while Hunter Webster has come on board as vice president of revenue management. Alder worked for Interstate as general manager at several hotels between 1985 and 2003. Webster comes from Hilton Hotels Corp., where he was senior director, revenue management for the eastern US.

CARLTON ADVISORY SERVICES
(NEW YORK CITY) Three acquisition specialists have joined the firm as part of the expansion of Carlton Strategic Ventures, its principal acquisitions group. Analyst Kevin Waters will focus on sourcing, financial analysis and valuation. He comes from Sterling Equities, where he was acquisitions analyst. As vice president, Greg S. Kirschenbaum will source acquisition opportunities. He was most recently acquisitions manager at RKM. Also vice president, David Ebrahimzadeh will concentrate on sourcing principal investments and joint venture/equity partnerships.

TRAMMELL CROW CO.

Business Analyst – Real Estate Research and Analysis

(NEW YORK)

For more information, click here.

Successful candidate will work in conjunction with the firm's global strategic planning team to compile, analyze, validate and quantify demographic, financial, market and business data to support various initiatives. He or she must research and map economic and demographic data. This position also requires conducting relocation studies, analyzing databases and spreadsheets and preparing summary reports.

GMAC COMMERCIAL MORTGAGE

Senior Asset Manager

(GEORGIA)

For more information, click here.

To join this team, the successful applicant should be able to perform loan asset management responsibilities as well as monitor troubled loans, including investments under surveillance, restructuring and closing modifications, and handling due diligence functions. He or she will work on special projects, including client portfolio reviews, and assist in training asset managers and analysts.

TISHMAN SPEYER PROPERTIES

Analyst

(NEW YORK)

For more information, click here.

Successful applicant will analyze real estate acquisition opportunities and coordinate internal due diligence activities. He or she will also analyze and evaluate disposition and joint venture possibilities, prepare offering materials and provide overall transaction support. This job also requires underwriting assets, executing asset strategy and helping to develop financial materials and other items needed for equity funds client management.

PARAMOUNT FINANCIAL GROUP INC.

Workout Asset Manager

(OHIO)

For more information, click here.

With an objective of helping clients in various workout situations of distressed and troubled properties, this professional will manage financial performance, asset valuation analysis and investor reporting. A background in low-income or subsidized multifamily housing properties is ideal.

SELECTLEADERS

Development Associate

( NEW YORK )

For more information, click here.

A large residential real estate development firm with a long pipeline of large projects is looking to bring in a professional who can handle significant parts of the property development process, including due diligence, financial modeling and analysis, design team oversight and management of the entitlement process.

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