March 27, 2007
Executive Watch

By Anthony J. LoPinto
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Perspective
The dark, dreary and slushy days of winter are winding down, and most of us are beginning to daydream about time away from the daily grind in a nice sunny spot. This sounds idyllic, but the problem is, according to recent data, American workers fail to use about a third of their allotted vacation time. As reported in a New York Times article, citing a 2006 survey by the Society for Human Resource Management, we use our time increasingly in short spurts of a week or less. To make matters worse, a third of the employees responding to the survey said they have their laptops in tow and their Blackberry’s securely fastened to their belts. More often than not, in the course of negotiating compensation packages for candidates, the question of vacation tends to be a relatively small issue. While candidates want to be assured they will receive an appropriate amount of vacation, they often admit (with a bit of bravado) that they “never take it all.” With the promise of new technology to keep us even more “in touch,” this unfortunate, and unhealthy, trend will probably only worsen.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities

SELECTLEADERS
(NEW YORK CITY) Senior Project Manager–Real Estate: The hire will be involved in all phases of the company’s work including: the feasibility analysis process; project predevelopment, design, financing, and construction, and delivery of the completed homes and other facilities. 

DIVIDEND CAPITAL
(DENVER) Chief Compliance Officer: The CCO will assist the firm in developing, maintaining, and overseeing the regulatory compliance programs of the investment adviser and products managed by the investment adviser. 

FREDDIE MAC
(MCLEAN, VA) Underwriting Director-Associate (MF): Responsibilities include creating and/or finalizing pro formas, I&E and rent roll analysis, review of third party reports, working with producers to structure deals, review of borrower financial position and presenting deals for approval.

FORTRESS INVESTMENT GROUP LLC
(SAN DIEGO) Vice President–Asset Management: Responsibilities include managing the overall Asset Management Group, overseeing and monitoring the performance of the entire investment portfolio and reviewing and becoming knowledgeable of the transaction documents, with specific emphasis on compliance with performance criteria.   

SELECTLEADERS
(MARYLAND) Vice President, Human Resources: The hire will report to the SVP and head of Human Resources and, upon that person’s retirement within the next two years, will take over, reporting directly to the president and CEO. The position is based in the metropolitan Washington, DC area. 

20TH CENTURY FOX
(BEVERLY HILLS, CA) Manager, Real Estate: Responsibilities include worldwide management of real estate activities for business units assigned, strategic programming, real estate and facility forecasting and planning, site selection, and project management and administration.

APARTMENT REALTY ADVISORS
(DENVER) Financial Analyst: The hire will prepare financial analysis and underwriting of apartment investments and condominium conversions, including property tax analysis, loan prepayment analysis and operating expense analysis.

Promotions

HOTEL BROKERS INTERNATIONAL
(KANSAS CITY, MO) The organization elects its 2007 officers and directors, putting Charles Fritsch of MBA Hotel Brokers into the president's seat. Other officers are vice president Brandt Niehaus with Huff, Niehaus & Associates Inc.; secretary Tony DeGeorge with Greene, Canfield, DeGeorge Ltd; treasurer, Jeff Westgor with Westgor & Associates Inc. The organization, opting to elect a new board each year, has named the following as directors: Joe McCann with Optimum Hotel Brokerage LLC, Jennifer Church with Milmark Hotel/Motel Investments LLC, Greg Meinhold with Swoboda Hospitality Specialists, Steve Ferrarini with ProCom Lodging Brokers Inc., Teague Hunter with Hunter Realty Associates Inc., Dick Lopez with Lodging Property Brokers Inc. and Diana Alt with Scoggin Blue LLC.

NATIONAL INSTITUTE OF BUILDING SCIENCES
(WASHINGTON, DC) Dr. James A. Broaddus, president and CEO of Broaddus & Associates in Austin, TX, is named chairman of the board for the national institute. He was elected to the board in 2003, appointed by President George Bush and confirmed by the US Senate.

ALLSTATE REAL ESTATE INVESTMENT GROUP
(NORTHBROOK, IL) In a newly created position, Michael Moran becomes senior portfolio manager. He joined the company in April 1996.

SHELDON GOOD & CO. INTERNATIONAL
(CHICAGO) The firm names three new partners: Kenneth A. Goldberg, executive managing director in Chicago for Sheldon Good Brokerage LLC; Lawrence B. Samberg, managing director in New York City for Sheldon Good & Co. Auctions Northeast LLC; and Steven O. French, vice president of Sheldon Good & Co. Colorado LLC.

GRUBB & ELLIS
(SOUTHFIELD, MI) Michael Davidson is promoted to senior vice president of the industrial group. He joined the firm in 2005.

JONES LANG LASALLE HOTELS
(NEW YORK CITY) Mark H. von Dwingelo rises to regional senior vice president in the Northeast. The veteran will relocate to New York City from Atlanta to oversee the division.

CARL M. FREEMAN COS.
(OLNEY, MD) David E. Levitsky, former vice president of finance and administration, replaces Frank G. Edwards as CFO after his recent promotion to president for the Mid-Atlantic region.

FREMONT INVESTMENT & LOANS
(LOS ANGELES) Lesley Love becomes regional manager of the Los Angeles office. She will continue as vice president and regional manager of the firm's Hawaii office, which she started in 2001.
New Hires

CUSHMAN & WAKEFIELD OF TEXAS INC.
(DALLAS) Susan Gwin gets an executive director's title to join the team. She previously was senior vice president for the Staubach Co.

FIRST COLONY CORP.
(CHARLOTTE, NC) Marshall Williamson is named vice president of office sales and leasing. He previously worked for CB Richard Ellis.

JONES LANG LASALLE
(PALO ALTO, CA) Rich Branning and Steve Levere join as managing directors. The top-ranked tenant rep team previously was with Trammell Crow Co., both as executive vice presidents and principals.

SOMERSET DEVELOPMENT
(LAKEWOOD, NJ) Dr. Frances Hoffman comes on board as director of redevelopment. She previously was director of the Brownfields Program for the New Jersey Office of Smart Growth.

CB RICHARD ELLIS
(WOODBURY, NY) Scott Miller joins as vice president for the Long Island operations. He previously was president of JSN Development Inc.

HIGHLAND DEVELOPMENT
(PASADENA, CA) Gary T. Ward has been named vice president of development to lead the Northern California office in San Mateo for the Marcus & Millichap Co. subsidiary. Ward previously operated his own development services business for the retail sector.

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