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Executive Watch 3-24-04

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By noHead | Updated on March 30, 2004

3/24/04: 1979 redux?  The 1970s brought a precipitous increase in oil prices amid instability in the  M ideast  and  increased oil consumption at home. At the time, Fed chairman Paul Volker saw it within reason to raise rates continuously until inflation brought on by the oil shock was squelched.  Fast-forward a quarter century.  Gas prices are expected to hit record prices this summer, which can result only in higher prices on consumer goods and services.  While Volker saw the need to take strong action during a presidential election year, the current chief is not so quick to react.  It’s no secret that rates will rise. Until then, be prepared to see an incredible surge in property transactions to time the market.
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WESTMINSTER COMMUNITIES (FLORHAM PARK, NJ) Gabe Campos has been tapped as director of purchasing, rising from his previous position of purchasing manager. Campos joined the company in 2001.

MCHUGH CONSTRUCTION (CHICAGO) The firm has just announced a number of staff changes. Michael Gould has been promoted to vice president, heavy construction and infrastructure operations, from project manager. Robert Mortimer has been bumped up from senior project manager to vice president of operations. Ralph Pound will assume responsibilities as vice president of risk management, stepping up from his previous role as director of risk management. And Sheila Donna Sheridan and Michael Whelan have been named chief estimators, both rising from senior project manager positions.

CASSIDY & PINKARD (WASHINGTON, DC) New to the firm’s capital markets group is senior vice president Michael W. Scott . Scott was previously president of ICap Inc., a government finance practice that will merge into Cassidy & Pinkard.

 

CUSHMAN & WAKEFIELD (PHILADELPHIA) Jerome E. Kranzel has joined the firm’s Philadelphia office as director in the financial services group. Kranzel was previously first vice president in CB Richard Ellis’ investment properties group.

 

NEWMARK & CO. REAL ESTATE (WASHINGTON, DC) M. Anthony Gould, Patrick Nalls and Aaron Katz have come on board as managing principals, all moving over from CB Richard Ellis. They plan to expand the firm’s Washington DC office and establish a Northern Virginia presence.

ERNST & YOUNG

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