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131,

LISA MATZENBACH has

Zeactei, W‘edite,i4

Bench-Made Custom Upholstered Furniture
Built to your specifications at affordable prices
Lifetime Guarantee on Frames

Expert Reupholstery ... Unequaled Care and Craftsmanship

Thousands of Fabrics
Robert Allen, B. Berger, Kravet, Schumacher,
Waverly Sanderson, Cowtan & Tout and More

gh e was ht. ng ouch

chandising. He began with the
been promoted to the newly cre- company as an assistant man-
ated position of network sales ager after graduating from Oak-
coordinator by Music Technolo- land University.
gies International (MTI) of
Southfield. Previously, Ms.
Matzenbach was traffic coordi-
nator for the in-store radio com-
pany.
MTI, formed in 1989 by De-
troit area broadcast veterans
Barbara Berent and Lorraine
Golden, provides audio net-
works for a client list which in-
cludes Kmart Corp., Perry Drug
Stores and Murray's Discount
Auto Stores.

Larry Milen

1204 S. Woodward • Royal Oak • 3 Buildings North of the Zoo

(S1O) 54f- 9515

LARRY MILEN is a new agent

in the Farm Bureau Insurance
office in West Bloomfield. Mr.
Milen, a Farmington Hills res-
ident, worked in retail sales and
life and health insurance sales
before joining Farm Bureau.

Our

contemporary

originals are made

THEODORE S. SPIERIVIAN

under the watchful

eye of perfectionists.

We proudly fashion

unique furnishings of

the highest quality.

To those who appreciate

the best, to those who

can accept no less.

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. STOCKS TAX-FREE BONDS MUTUAL FUNDS

F

Eric Bolokofsky

ERIC BOLOKOFSKY

of
Rochester Hills has been pro-
moted to senior vice president-
merchandising for Arbor Drugs,
Inc. His duties include directing
the presentation and physical
layout of all merchandise inside
the company's 153 stores and
supervising remodeling and ex-
pansion projects.
Mr. Bolokofsky, who has been
with Arbor for 19 years, for-
merly was vice president of mer-

has joined the Birmingham law
firm of Gifford, Groh, Sprinkle,
Patmore & Anderson as an as-
sociate. Mr. Sherman is a 1990
graduate of the University of
Michigan College of Engineer-
ing and a 1993 graduate of the
U-M Law School.
The firm specializes in
patent, trademark, copyright
and unfair competition law.

FRANCYNE STACEY has be-

come a shareholder in the Ann
Arbor-based law firm of Pear
Sperling Eggan & Muskovitz.

Real Estate Price
Hikes 'Understandable'

X

X
E

P
T

U
N

First of Michigan
Corporation

52

INVESIMENTS

Members New York Stock Exchange, Int

Herman Schwartz

Senior Vice President - Investments

Branch Manager

T

T
R
U
S

Forts

A

Travelers Tower / Suite 1020
26555 Evergreen Road / Southfield, Mich. 48076

(313) 358-3290

A
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P

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N
N

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Toll Free 1 800 826 2039

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TAX DEFERRED ANNUITIES

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IRA s

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MONEY MANAGEMENT

Find It All In
The Jewish News
Classifieds
Call 354-5959

There is no correlation between
the recent decline in the Israel
stock market and the rise in
real estate prices, Bank Leumi
chairman Moshe Sanbar said.
He said the economy is in
good shape despite the sharp
fall in prices on the stock ex-
change during the first quarter
this year.
He predicted that Gross Do-
mestic Product would rise be-
tween 3-4 percent this year and
Gross National Product also
would register a sharp rise.
Last year, "there were many
investments in the economy," Mr.

Sanbar said. "Asa result, GNP is
expected to rise nicely in 1994,
which will eventually restore the
capital market's balance."
The rise in real estate prices
is understandable, Mr. Sanbar
said, because investment in
housing fell 27 percent last year
and building starts by the pub-
lic sector fell from 21,000 in
1992 to 4,800.
Mr. Sanbar said high demand
for private real estate also implies
high demand for commercial real
estate. He expressed optimism
that demand for office buildings
will pick up.

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