Business & Professional HERE'S TO Louis Schostak, right, with Golda Meir, far left, and an unidentified classmate at the Milwaukee High Lawyer To Be Honored School gradua- tion, circa 1915 Schostak from page A29 village concept is very successful; said Schostak. "As often happens, the most vocal opponents of a project usually are the first to enjoy its benefits." The Lofts at Merchants Row project on Woodward in downtown Detroit is a departure from the usual Schostak developments because it's mainly a residential rather than a business development. A total of 157 lofts, rang- ing from 900 to 2,000 square feet, are almost completely rented, mostly to young people or empty-nesters. Retail stores occupy the ground floor. Looking Ahead With slipping prices of homes and businesses, foreclosures and other ramifications of the economy affect- ing the real estate business, Schostak declines to offer his assessment of the reasons, or to give specific advice for the future, other than to point out that the real estate business is very cycli- cal. However, he philosophizes: "When things are bad, you never think they'll get good again. But the mistake we make when things are good, is that we never think they'll get bad again." Schostak says he was "flattered" to have received the ULI's Lifetime Achievement Award, "especially in view of the many prominent real estate developers who have been honored [including A. Alfred Taubman of Bloomfield Hills in 2005]." "Jerry is a shining example of the best in both business and personal values, and has developed many initia- tives to better the real estate indus- try;' observed Phillip Wm. Fisher of Bloomfield Hills, the son of the late Franklin industrialist and philanthro- pist Max Fisher. An investment specialist, Fisher A30 May 29 • 2008 JN has known Schostak for 15 years, and serves on several bank boards and committees of the Jewish Federation of Metropolitan Detroit. "He's a great friend and advisor to me on various business matters, and has a wealth of experience. I can't emphasize his strong personal values enough." Relaxing in an office filled with real estate industry awards, mementos and family photos, Schostak said he's look- ing forward to the fourth generation joining Schostak Brothers & Company, Inc. Robert's son, Jeff, 25, will come into the company after he "learns the ropes" during a five-year stint with a large real estate firm in Chicago. Schostak also has a son, Tzvi, living in Israel, two daughters, Lindsey, 24, and Stefanie, 21, 14 grandchildren and one great-grandchild. He and his wife, Elyse, live in Franklin and belong to Adat Shalom Synagogue, Farmington Hills. Active on various bank and business boards and committees and as a real estate lecturer, Schostak also is a board member of the Detroit Jewish Fund and the Investment Committee of the Jewish Federation. He previously served on the boards of Detroit Renaissance, Inc., the Detroit Medical Center and Sinai Hospital of Detroit. The family and company also are committed to stem cell research and the Juvenile Diabetes Research Foundation. The Schostak Family Philanthropic Foundation provides endowment funds, scholarships and other assis- tance to many institutions and causes. An avid sailor, Schostak and his sons have successfully raced their boat, Fujimo, winning both the Chicago and Port Huron to Mackinac races several times, plus significant regattas around the world. ❑ The American Jewish Committee Metropolitan Detroit Chapter will present the Judge Learned Hand Award to Alan E. Schwartz. The annual award is presented to an outstand- ing leader in the legal profession who exemplifies the principles personified by Judge Hand. Schwartz will be honored at a trib- ute dinner at the Townsend Hotel 7:30 p.m Wednesday, June 4. The evening will include a tribute to Dr. Irvin D. Reid, retiring president of Wayne State University in Detroit, and a keynote speech by Michigan Supreme Court Justice Marilyn Kelly. A Detroit native, Schwartz is a graduate of Bloomfield Hills Cranbrook Schools and the University of Michigan. After two years of service in Guam during World War II, he fin- ished his degree and entered Harvard Law School, graduating magna cum laude. Schwartz returned to Detroit in 1952 and co-founded Honigman Miller Schwartz and Cohn LLP. Schwartz has been dedicated to the betterment of both the general and Jewish communities of Detroit. Among the organizations that have utilized his leadership are Detroit Institute of Arts, Detroit Symphony Orchestra, United Way, Jewish Federation of Metropolitan Detroit, New Detroit, Detroit Renaissance, Barbara Arm Karmanos Cancer Institute and others. He and his wife, the former Marianne Shapero, have three children and five grandchildren. The AJCommittee event chair is Eugene Driker and the evening's co- chairs are Robert Aronson, Madeleine H. and Mandell L. Berman, Penny Blumenstein, Gayle and Richard Burstein, Lois and Avern Cohn, Frank W. Fountain of Chrysler Foundation, Dorothy and Byron Gerson, Roderick D. Gillum of General Motors, Carolyn and Hugh Greenberg, Nancy and James Grosfeld, Ellen D. Kahn, Barbara and Harold Marko, Suzanne and Joseph Orley, Andrea and David Page, Aviva and Jack Robinson, Diane and Morton Scholnick, Sandy and Alan S. Schwartz, Beverly and Merton Segal, Jean S. Shapero, Sheila and Richard Sloan, Dr. Roberta and Sheldon Toll and George M. Zeltzer. Tickets are $250 or $2,500 a table: (248) 646-7686 or detroit@ajc.org. Dr. Adam Grant, formerly of West Bloomfield, has won the Weatherspoon Award for Excellence in Undergraduate Teaching at the University of North Grant Carolina's Kenan- Flagler Business School in Chapel Hill. It is the first time in the school's history that a first-year professor has earned this award. The candidates were nomi- nated by students, and the winner was selected by a committee of faculty members who received the award in previous years. Ian Mondrow of West Bloomfield graduated from Albion College on May 10, receiving a degree in psychology with a minor in anthropology and sociology. He is the son of Steven and Linda Mondrow and a graduate of West Bloomfield High School. Adrienne Lenhoff Wise of the Shazaam! LLC agency in Southfield, creating marketing and communica- tions programs, has started a new sub- Wise sidiary, Buzzphoria LLC, which focuses on social marketing. She has served on the mentoring and member- ship development committees of the Women in Communications of Detroit program and will assume the post of vice president of marketing on the board of directors. Daniel Segal of Bloomfield Hills participated in the Honors Band at the Michigan Youth Arts Festival at Western Michigan University, Kalamazoo. He Segal scored the high- est rating at the Michigan School Band and Orchestra Association Regional Solo and Ensemble Festival followed by a similar rating at the state level. He is a graduating senior and the first chair saxophone in the Symphony Band at Bloomfield Hills Andover High School. He plays alto sax in the Jazz Band and is an accomplished pianist.