2/18/04: It gets curiouser and curiouser. Alan Greenspan has indicated that we will hit the historical unemployment rate of 4.5% as the economy continues to recover. Having hit 5.9% deep into the recession, this appears to be good news. However, there is a downside to the new hiring behind the statistics, if the Fed Reserve chief is to be believed. According to Greenspan, worker productivity will decrease as new employees enter the market. One of the biggest drivers in the recovery has been the incredible increase in productivity. It stands to reason that if worker productivity slides, this recovery will be less than robust--and jobs will suffer. On paper everything makes sense. In the real world some of the rationale that is being offered doesn't make any sense at all.

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BUCHANAN STREET PARTNERS
(NEWPORT BEACH, CA) Thomas R. Sherlock has been bumped up to executive vice president, a role in which he will manage the firm's Buchanan Capital Advisors group, which arranges debt and equity financing. Sherlock joined the firm in 2000.

SPERRY VAN NESS
(WILLIAMSBURG, VA) Stepping up to regional sales manager is James Tucker , who will oversee the firm's Mid-Atlantic operations. Tucker will also continue as senior advisor, specializing in investment and development properties.

STUDLEY
(LOS ANGELES) Studley has hired Michael C. Weiss as managing director in charge of the firm's financial services group. Weiss will be based in the company's Los Angeles office. He comes from Cushman & Wakefield, where he headed its financial consulting group.

THE STAUBACH CO.
(AUSTIN, TX) Liz Tucker has come on board as vice president. Tucker will focus her efforts on representing office tenants in Austin 's central business district and suburban markets.

EQUITY OFFICE PROPERTIES TRUST
(CHICAGO) Jim Bannon has been named senior vice president of operations. Bannon most recently spent 16 years at Jones Lang LaSalle, where he held a variety of positions. He will run the firm's energy and engineering functions and centralized procurement as well as operations.

EQUITY OFFICE

Property Manager

(GEORGIA)

For more information, click here.

Successful applicant will manage more than 500,000 square feet of class A commercial space, maintaining day-to-day relationships with customer contacts and overseeing daily operations of assigned buildings. This will include anticipating and responding to customer needs, supporting account management program, handling vendor partnerships, preparing and reviewing budgets and managing building security.

MOODY'S INVESTORS SERVICE

Associate Analyst: CMBS

(NEW YORK)

For more information, click here.

This position requires assigning credit ratings to transactions involving all real estate asset classes, markets and structures, monitoring the performance of previously rated transactions and developing articles for research clients. A background in commercial real estate and either an MBA or law degree are preferred; strong analytical skills are essential.

PRINCIPAL GLOBAL INVESTORS

Investment Director – Asset Management

(IOWA)

For more information, click here.

In this role, successful applicant must use his or her strong background in finance, economics, math or business to oversee all aspects of investment management and investment production for assigned properties. This involves handling assignments such as large leasing challenges, property repositioning activities and development projects.

GRUBB & ELLIS CO.

Director of Management Services

(MASSACHUSETTS)

For more information, click here.

This professional will direct business in the firm's Boston-area offices, leading property management division, helping to develop new business and assisting clients in maximizing the value of their investments. He or she will rely on significant corporate facility management experience to carry out these responsibilities.

SELECTLEADERS

Controller

(ILLINOIS)

For more information, click here.

Successful candidate will play a critical role in reporting and managing occupancy costs, while developing a system and process to determine such costs. He or she must also manage budgeting and forecasting, and will interact closely with the firm's asset management team, key government employees and leasing brokers. This position reports to the senior vice president of asset management.

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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