Buschman Partners But Doesn’t Sell

New in Town




Corrections or additions?

These articles by Barbara Fox were prepared for the

May 9, 2001 edition of U.S. 1 Newspaper. All rights reserved.

Princeton’s First Woman President

In what the outgoing president termed "a


and wonderful moment in Princeton’s history," Shirley M. Caldwell

Tilghman has been elected the 19th president of Princeton University.

A molecular biologist who has a reputation on campus for her teaching

skills, Tilghman, 54, succeeds Harold Shapiro, who leaves the


after 13 years.

As the founding director of the multi-disciplinary Lewis-Sigler


for Integrative Genomics, she was one of five faculty members on the

presidential search committee until that committee asked her withdraw

from the committee so they could consider her as a candidate.

"Her character and her outstanding human qualities have made her

a valued colleague among her peers and an inspiration to her


says Robert H. Rawson Jr., trustee chair of the search committee.

"We considered many excellent candidates, but as we move forward

into this new century, Dr. Tilghman seems to be the ideal person to

lead this university." Other faculty members on the committee

were Jeffrey Carbeck (chemical engineering), Mark Johnston


Alan Krueger (economics and public policy), and James Sturm



The official university press release, which announced the result

of the half-year search process that involved several hundred


and culminated in Tilghman’s election at a special meeting of the

board of trustees on Saturday, May 5, did not directly state the


historic fact: Tilghman is the first woman president in Princeton’s

more than 250-year history, and also the first president who has


an undergraduate or graduate degree from the university. "Tilghman

is renowned not only for her pioneering research," the release

noted, but also "for her national leadership on behalf of women

in science and for promoting efforts to make the early careers of

young scientists as meaningful and productive as possible."

The daughter of a banker in Ontario, Canada, Tilghman majored in


graduated with honors from Queen’s University in 1968, and taught

school in Sierra Leone for two years. "It was the ’60s, and I

wanted to do something for somebody else," she says. It also honed

her teaching skills. Working with people for whom English is a second

language, she says, "you learn how to use metaphors and get at

the core of an idea, rather than getting lost in the details."

Later she earned a PhD in biochemistry from Temple. She did


work at the National Institutes of Health, where she did


work in cloning mammalian genes, and then working at the Institute

for Cancer Research in Fox Chase before coming to Princeton University

in 1986.

Tilghman is known for inveighing against tenure, particularly for

its inequities as applied to women scientists. "The problem of

reconciling a scientific career with some semblance of a normal


she wrote in an op ed article in the New York Times in 1993, "is

exacerbated by the tenure system. Her critical scientific years, in

which she is establishing her reputation, and her peak reproduction

years coincide. This is a dirty trick. I favor abolishing tenure


in favor of rolling appointments that are regularly reviewed. Tenure

is no friend to women."

She softened these comments in a U.S. 1 interview (October 22, 2000)

by pointing out that because Princeton "tenures with enormous

care" it avoids the stultification that might "solidify


that should be dynamic, now that there is no mandatory retirement


Also in that interview she said that after a very full career she

had very strong plans for her own retirement before age 65. "One

of the downsides of having a very demanding professional career AND

having a family [she is a single parent of two college-age children,

one a junior at Princeton] is that there are literally hundreds of

things that I would like to do. The notion of dying in my mouse room

is not attractive to me, not at all."

Since her new job will definitely take her out of the mouse room,

Tilghman might also soften her views on retirement. By turning her

attention from mice to money, Tilghman can fill her pre-retirement

years with new challenges, including and especially fundraising. The

university’s development office, she says, can tell an administrator

how to be effective at fundraising. But the communication part —

that comes from being a born teacher. "The ability to communicate

big ideas, put the initiative in a broad perspective, and to feel

passionately about what you are trying to raise money for," says

Tilghman, "if you believe it, you can convince others to believe

in it. The qualities that make somebody a good teacher also make an

effective fundraiser."

— Barbara Fox

Top Of Page
Buschman Partners But Doesn’t Sell

Two years ago Buschman Partners ended its association

with a national commercial real estate firm when that firm was bought

by Insignia Financial Group. Now Buschman has signed on to serve as

a branch office for Insignia/ESG, an $875 million firm with state

headquarters in Saddle Brook and global headquarters in Manhattan.

It’s not a better financial deal for Buschman — the contract


no money on the table, just split fees on joint deals and referrals

— but this time Buschman gets to keep its name. That was the


point in 1999.

Insignia’s name is first, and all the stationery and procedures will

parallel Insignia’s, as is appropriate for a company that is listed

on the New York Stock Exchange (IFS). But a new logo for this office

will incorporate Buschman Partners. "On a micro level, we will

try to do things to mirror with Insignia so it looks like we are one,

and we are," says John Buschman, managing partner and head of

operations for the firm he founded. "We got the real estate


to bless the two names.

"But on a macro basis we are in control. We have retained 100

percent ownership," says Buschman. In no other instance has


been willing to make such allowances. But as Buschman explains it,

Insignia had put "a seamless operation on the east coast, with

Princeton as the only hole.

Buschman has four brokers and, overall, Insignia has 70 in New Jersey.

Operating in 11 top markets, Insignia provides services for a 230

million square foot portfolio in the United States. As one of the

largest national commercial real estate service providers, it offers

brokerage, consulting, property management, fee development,


sales, and debt placement.

Insignia/ESG is opening another Central New Jersey office, this one

at Two Tower Center in East Brunswick. June is the target date, says

Patrick Murphy, executive director and head of Insignia/ESG’s New

Jersey operations. Both Buschman’s staff from Princeton and Murphy’s

staff from Saddle Brook will spend time here.

"On the first day of business," says Buschman, "we got

two major pieces of business." Thanks to Insignia being named

the agents for Legget McCall, his office has just been appointed


agents for Crossroads Corporate Center (which formerly was with


Crow). And because Insignia has the Fleet account, Buschman’s office

gets to sublease 60,000 square feet of Fleet space at 502 Carnegie


Insignia ESG & Buschman Partners, 1009 Lenox Drive,

Building 4, Suite 116, Lawrenceville 08648. John H. Buschman, managing

partner. 609-896-1600; fax, 609-896-1753. E-mail: buschpart@aol.com.

Home page: www.iesg.com

Top Of Page
New in Town

Washington Mutual Home Loans Inc., 500 College

Road East, Princeton 08540. Bill Oetinger, manager. 609-520-3491;

fax, 609-520-3479.

A 110-year-old Seattle-based firm, Washington Mutual Home Loans Inc.,

has bought PNC Mortgage Corp. and taken over that Forrestal Center

office. Oetinger, the manager, majored in English at Marietta College

in Ohio and has an MBA in finance from New York University. He worked

at European American Bank in Manhattan and was a commercial lender

at NatWest and left when that bank was acquired by Fleet. PNC Mortgage

Corp was acquired on February 1; eight people work here.

iNautix Technologies (DIR), 1 Rower Center, East

Brunswick. Suresh Kumar, president. 201-413-0015.

DLJdirect, the online brokerage service of Donaldson Lufkin & Jenrette

Inc., will open a technology development center at 1 Tower Center

and will occupy 78,000 feet on three floors. The recently renovated

410,000-foot building is a Class A space with a five-story atrium

lobby and is connected to a Hilton hotel.

"iNautix is proud to be leasing space at one of the finest office

developments in New Jersey," says Suresh Kumar, president of


which is now located in Jersey City. John Brandbergh of Boston


represented the landlord, Boston Properties, and Ruth Ellman of DLJ

Realty Services represented the tenant.

Sequedex LLC, 3 Security Drive, Cranbury Business

Park, Cranbury 08512. 610-666-8300.

A record storage and data management firm will join Topdeq, the


mail order office equipment firm, at 3 Security Drive in Cranbury

Business Park. Based in Norristown, Pennsylvania, Sequedex will take

42,000 square feet of the two-year-old 152,000-foot large cube



Marine Corps Scholarship Foundation Inc., 501


Road, Room 308, Box 3008, Princeton 08543-3008. Brig. General Michael

C. Wholley (Ret.), executive director. 609-921-3534; fax,


Home page: www.marine-scholars.org.

A non-profit, tax exempt corporation providing scholarship to sons

and daughters of U.S. Marines has opened at Princeton University’s

Forrestal Campus.

The organization boasts a battalion of heavy hitters. The April 27

scholarship ball in Manhattan featured Pete Dawkins, the West Point

football star, now vice chairman of Citigroup, and William H.


founder of Donaldson Lufkin & Jenrette and now chairman and CEO of


Top Of Page

Demarle Inc. USA, 2666-B Route 130 North, Cranbury

08512. Hatsuo Takeuchi, president. 609-395-0219; fax, 609-395-1027.

Home page: www.DemarleUSA.com.

The importer and distributor of French baking goods is expanding.

Its customers include hotels, pastry chefs, Subway sandwich shops,

and Martha Stewart, who uses its cookie liners. The president of the

company is Hatsuo Takeuchi, a former pastry chef, and the national

sales representative is Elaine Feiner. The company started in the

United States with two employees and now has eight. Sam Makino, a

sales representative, says it has outgrown its warehouse and is


for a larger space.

Top Of Page

Ameriquest Mortgage Company, 3150 Brunswick Pike,

Crossroads Corporate Center, Lawrenceville.

The Crossroads Corporate Center office of the mortgage company has

closed and moved to 197 Route 18 South, East Brunswick 08816.

Top Of Page

T. Alvin Carson, 81, on May 2. He owned Lucar Hardware

Co. on Princeton-Hightstown Road. He was the father-in-law of West

Windsor mayor Carole Carson.

Richard G. Woodbridge III, 84, on May 2. The father of

attorney Richard C. Woodbridge, he retired from New York Life



Jean Borkan, 73, on May 3. She had been an advertising

manager at Town Topics.

Corrections or additions?

This page is published by PrincetonInfo.com

— the web site for U.S. 1 Newspaper in Princeton, New Jersey.

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