Joe Hanauer of Laguna Beach, Calif., is principal of Combined Investments L.P., with interests in commercial real estate and diversified businesses. He also serves as director are Grubb & Ellis (NYSE), where he is its former Chairman, having led its financial restructuring; MAFB Bancorp, (NASDQ); Regit, Inc. (health and life insurance); and Netselect, Inc. Hanauer, a member of NAR's Executive Committee, also serves as a trustee of Roosevelt University, Chicago, and as director of the Eastern European Real Property Foundation. He is a past chairman of Harvard's Joint Center for Housing Studies and former Chairman and CEO of Coldwell Banker's residential businesses, which he had responsibility for developing during most of the 1980's.