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Executive Watch 3-03-04

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By noHead | Updated on March 09, 2004

3/03/04: More than 50 members of the House of Representatives are about to introduce the Defending American Jobs Act, intended to deny US companies federal financing and loan guarantees if they shift US jobs overseas. In addition to coming off as an election-year stunt, this type of legislation sends the wrong message to US corporations and our trading partners alike. Clearly, the impact of job outsourcing should not be underestimated. Jobs will undoubtedly go overseas, but in time we foresee a new era of domestic hiring. Simply to punish companies that need to survive is wrong. If these legislators are really interested in helping the American worker, they should come up with legislation that actually helps US companies by offering incentives by hiring domestically. Now that would be a constructive solution.
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NEWMARK & CO. (NEW YORK CITY) Howard K. Kesseler Jr. and Chris Mongeluzo have each been promoted to senior managing director. Both were formerly managing directors. Kesseler has been at the firm since 1998. Mongeluzo joined Newmark in 1993.

HSA COMMERCIAL REAL ESTATE (CHICAGO) Robert E. Smietana has been appointed vice chairman and chief executive officer. Smietana formerly served as the firm’s president and chief operating officer. He has been with the firm since 1994.

OPUS WEST (IRVINE, CA) New to the firm is Jefferson Hill Jr. , who is joining as vice president of real estate development. Before coming to Opus West, Hill was vice president at Watson Land Co.

KILROY REALTY (LOS ANGELES) Conan C. Cotrell has been named senior vice president for marketing and leasing. Cotrell was most recently director at Summit Commercial, where he handled leasing for a 2.6-million-sf portfolio in California and Arizona .

INTERSTATE HOTELS & RESORTS (ARLINGTON, VA) J. William Richardson has joined the firm as chief financial officer. Richardson was previously vice chairman and CFO of Interstate Hotels Corp., which he joined in 1981.

CB RICHARD ELLIS (SAN FRANCISCO) Erik Doyle has been tapped as senior vice president. Doyle, who was most recently principal and executive vice president at Deerfield Realty Co., will oversee institutional transactions in Silicon Valley and the San Francisco area.

PARAMOUNT FINANCIAL GROUP

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