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Executive Watch 3-17-04

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By noHead | Updated on March 23, 2004

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.

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