August 4, 2009
Executive Watch

By Anthony J. LoPinto
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Great Expectations
With great anticipation, the real estate industry has been waiting for the distressed investment cycle to kick-in. The likes of investment funds loaded with cash, ready to pounce on opportunities, national brokerage and service providers, consulting firms, headhunters--excuse the expression--and professionals who have hit the street due to layoffs, are all waiting for the shoe to drop, with the banks anticipating to unload piles of distressed debt. Well, it just hasn’t happened. Most of the banks have organized their workout groups, and I am sure that the executive suites are fretting--or sweating--over declining valuations and portfolios underwater, but the cycle of foreclosures and a high volume of discounted note sales are still a great expectation. No matter who I talk to, they lament that there is “just no action” out there, and everyone is just waiting, and waiting, and waiting. Perhaps the games will begin in the 4th Quarter?
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.
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Job Opportunities

AVALONBAY COMMUNITIES
Investments Manager
(NEWPORT BEACH, CA) The investments manager will complete market and financial analysis, including advanced modeling, valuation and reforecasts of current and future assets and play a lead role in the acquisitions, dispositions and due diligence processes, ensuring information is distributed properly, coordinating on-site property reviews, evaluating results, assisting in the creation of redevelopment plans and completing investment packages.

MOBILITIE, LLC
Acquisitions Analyst
(SEATTLE) The analyst will Analyze potential acquisitions, coordinate with legal counsel on real estate issues and manage vendors and arrange the delivery of critical due diligence documents.

GRUBB & ELLIS CO.
Senior Property Manager
(LAS VEGAS) The manager will be responsible for the development and implementation of policies, procedures and programs that will assure a well-managed, well-maintained building, placing maximum emphasis on positive response to the concerns and needs of the tenants, environmental health and safety, and quality programs, in coordination in conjunction with the owner’s goals and objectives.

DEVELOPERS DIVERSIFIED REALTY
Director of Mortgage Finance
(BEACHWOOD, OH) The director will raise and assist in managing mortgage capital for consolidated and joint venture portfolios in order to fund the Company’s business opportunities, establish relationships with mortgage lenders, including commercial banks, life companies and other whole loan providers. 		THE PRAEDIUM GROUP, LLC
Real Estate Private Equity Analyst
(NEW YORK CITY)The analyst will support senior management with all analytical and transactional aspects of acquiring, asset managing and selling an investment, including due diligence, market research, financing, closing and preparing leasing, operating and capital analyses; as well as monitoring, analyzing and reporting on the financial performance of investments and communicating with operating partners and property managers about the execution of business plans, among other duties.

PM REALTY GROUP
Investment Analyst
(GLENDALE, CA) The analyst will perform real estate investment analysis, research and reporting.

COMPASS ACQUISITION PARTNERS
Controller
(COSTA MESA, CA) The controller will be responsible for internal financial reporting; reviewing, enhancing, and maintaining the system of internal control; while managing and investing cash as required. Also, will direct the risk management progress for the management agent, including but not limited to, comprehensive liability, errors and omissions and property and liability coverage's, among other duties.

JONES LANG LASALLE
Vice President, Transaction Manager
(NEW YORK CITY) JLL is currently seeking a vice president, transaction manager to aggressively drive the entire transaction process from site selection to lease execution, including managing third party brokers, ensuring timely completion of 30 to 40 annual transactions consisting of new branches, relocations, renewals, terminations and disposing of surplus space via sales, sale-leasebacks, subleasing and lease terminations. Seasoned retail transactions management experience with financial institutions in the New York City metropolitan region preferred.
Promotions
No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch.
MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
(CHARLOTTE, NC) Marcus & Millichap is promoting James Smith to the position of vice president investments. 		JONES LANG LASALLE
(PITTSBURGH) JLL is promoting Richard Peet to regional director, corporate solutions, here.
New Hires
No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch.
KBS CAPTIAL MARKETS GROUP
(NEWPORT BEACH, CA) KBS Capital Markets Group, an affiliate of KBS Capital Advisors and KBS Realty Advisors is hiring Monica Brock as director of finance and Robert Nguyen as operations manager. Brock is joining the KBS sales and distribution entity from Capital Group Companies, Inc., while Nguyen joins KBS from Royal Bank of Canada, where he was complex operations manager for the company’s six California offices in Newport Beach, La Jolla, Long Beach, San Jose, Salinas and San Luis Obispo.

OP2MIZE, LLC
(NORTHBROOK, IL) Op2mize is hiring Richard M. Antczak as executive vice president and principal.

BOND BROTHERS
(BOSTON) Bond Brothers of Everett is hiring Dan Flannery as chief financial officer.

GRUBB & ELLIS CO.
(DALLAS) Grubb & Ellis is hiring Michael Landon as senior vice president. 		STREAM REALTY PARTNERS, L.P.
(HOUSTON) Stream Realty is hiring Anthony Squillante as vice president specializing in tenant representation. Previously, Anthony was a senior associate for Jackson & Cooksey, Inc.

LEE & ASSOCIATES
(CHICAGO) Lee & Associates is hiring Terrence O’Hara as vice president.

ATWELL-HICKS
(CHICAGO) Atwell-Hicks is hiring Ryan Swanson as a project manager.

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Distressed CRE Continues to Ebb

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