3/17/04: The Federal Reserve Board has decided, once again, to leave interest rates unchanged, and they will apparently remain so for the foreseeable future. This is good news if you're a short-term investor and have the ability to time the market. However, there's a downside to these unchanged rates in the rationale behind the decision. It comes down to job growth, or the lack thereof. It's the Fed's belief that, until hiring becomes robust, any rise in rates will slow down business investment, which typically results in real job growth. This is a double-edged sword. Which do you prefer: Lower interest rates that can lead to short-term profit, or higher interest rates that indicates a robust job market?

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MARCUS & MILLICHAP
(LOS ANGELES) The firm has appointed Scott Przybyla as sales manager for its Los Angeles office. Przybyla was most recently an agent specializing in multifamily properties in the company's Chicago office, which he joined in 2003.

ADVOCATE CONSULTING GROUP
(NEW YORK CITY) Bruce Cohan and Eric Johnson have each been promoted to principal from managing director. Cohan and Johnson both joined the firm at its inception in 1997.

Roger Simsiman

EQUUS REALTY ADVISORS
(LA JOLLA, CA) Roger C. Simsiman has joined the firm as chief operating officer. He comes from Kilroy Realty Corp. Simsiman is responsible for developing the firm's infrastructure to accommodate future growth.

BAUM REALTY GROUP
(CHICAGO) Chad M. Firsel has joined the firm as executive vice president to lead the company's newly launched investment sales division. Firsel comes from Millennium Properties Inc., where he was senior vice president of investment sales.

BUXTON
(FORT WORTH, TX) Matt Blevins, Matt Montgomery, Rodney Hughes and Warren Rutherford have been tapped as territory business managers for Buxton's CommunityID division. Blevins will oversee the Mid-Atlantic out of a Louisville, KY, office; Montgomery will handle Southern California from a San Diego office; Hughes will manage Florida operations from a Deland, FL, base; and Rutherford will run Northeast business from a Cape Cod, MA, base.

COHEN FINANCIAL

Asset Analyst

(ILLINOIS)

For more information, click here.

Successful candidate will maintain accurate loan and portfolio data by reviewing financial statements to ensure accuracy and timeliness, conducting site inspection review and rent roll updates, and ordering, reviewing and disseminating UCC filings. He or she must also create individual lease abstracts, rent roll analyses, letter-of-credit reviews and conduct initial preparation of loan assumption packages.

AVALONBAY COMMUNITIES

Development Director

(NEW JERSEY)

For more information, click here.

In this role, the development director will manage all aspects of the development of multifamily rental communities, which involves conducting market and financial analyses, design conceptualization and management of the entitlement process, including presenting before municipal and other regulatory boards.

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TRIMONT REAL ESTATE ADVISORS

Underwriter

(GEORGIA)

For more information, click here.

The professional stepping into this position must conduct financial and valuation analyses on various properties, including preparing cash-flow models and projections, organizing site inspections and structural engineering, environmental and appraisal reports, and facilitating information exchange among borrowers, lenders and outside investors and rating agencies.

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THE BERKSHIRE GROUP

Vice President, Acquisitions-Southwest Region

(TEXAS)

For more information, click here.

The appropriate candidate will oversee management of an acquisition team covering the Southwest area. He or she will also identify key markets, develop deal flow and establish high-quality processes, controls and reporting methods for monitoring and controlling acquisition activities. This professional must also work closely with property management and rehab groups subsequent to closings to implement certain strategies that were part of the acquisition decision.

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ERNST & YOUNG

Senior Manager

(NEW YORK)

For more information, click here.

Using his or her prior experience leading clients through complex real estate transactions, this professional will develop and manage the provision of advisory services. He or she will also run the technical, business and personnel aspects of advisory services engagements, while leading sales efforts and applying project management expertise and individual technical and professional knowledge.

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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