Bucking the Trend
The most recent US Department of Labor unemployment statistics was good news, sort of. The unemployment rate has fallen to 7.4%, but the bad news is that wages are down, and much of the improvement was in part time jobs. However, the stats also do not count the 6.6 million who say that they want a job but are not counted because they are not actively looking. I am not equipped to translate these statistics to the real estate industry, however I am comfortable observing that real estate, unlike other industries, is beefing-up the mid-level professional ranks as markets recover. Also, real estate recruiting activities are focused across all sectors and functions so stay tuned, real estate is likely to buck the trend and continue a better than average hiring trend. God bless our industry.
ROSS STORES INC.
VP, Corporate Properties
(NEW YORK CITY) Position will support the operational and strategic property activities associated with the North East buying offices. Responsibilities include: internal relationship management, external vendor management, space planning, project management, facility management, budget preparation, cost management, workplace safety and operational efficiencies.
FLORIDA EAST COAST INDUSTRIES
(CORAL GABLES, FL) The Financial Analyst will have an opportunity to gain experience across a variety of acquisition, asset management, disposition, and development functions. Responsibilities will include: developing financial financial projections using Excel and Argus; preparing monthly reports for property and portfolio results; maintaining Argus models to reflect changes in occupancy, assumptions, etc.; preparing annual budgets and variance analyses; assisting with due diligence on potential acquisitions; developing 10year DCF valuations and ground up development models; creating investment, financing, and ad hoc presentations for senior management; and participating in planning and design efforts for new developments.
PRUDENTIAL REAL ESTATE INVESTORS
Investment Associate, Asset Management
(ATLANTA) PREI currently has a career opportunity for an Asset Manager working on behalf of three, German-sourced real estate investment funds. The role entails directing partners, property managers and leasing brokers on a portfolio of assets that are wholly-owned or in a joint venture. These investments currently include office, retail, and residential properties that have different risk profiles that range from core to opportunistic in nature. The ideal candidate will be required to manage both stabilized assets as well as future development projects, including: construction, lease-up, financing, and closing ground-up developments.
Head, Real Estate Services
(ST ALBANS, UNITED KINGDOM) The Head of Real Estate Services, EMEA is primarily responsible for partnering with business leaders to develop and drive efficient use of real estate assets for a predominantly leased office portfolio across Europe, Middle East, and Africa. The role will oversee the leadership, development, and execution of short and long range real estate solutions strategies that balance corporate governance and standards, business practices and cultures, as well as global RES guidelines. This will be accomplished by becoming an integral partner with the executive management teams and by working with a variety of internal and external partners.
Senior Director, Corporate Real Estate
(ABBOT PARK, IL) The Senior Director, Corporate Real Estate is the senior-most real estate professional within Abbott with responsibility for the Company’s entire global real estate portfolio and activities. He/she will lead a four-person group and will interface with Abbott’s senior leadership team including its Chairman and CEO. He/she will provide real estate expertise through consultation and/or service to all divisions regarding real estate, property matters, and municipal relations. Position will arrange for acquisition, divestiture and leasing of company real property and facilities on a worldwide basis and provide property management services to include administration of lease payments and related expenses on leased facilities, as required.
ESSEX PROPERTY TRUST
(PALO ALTO, CA) Project Manager will be responsible for all operations of major capital improvements and maintenance programs within their assigned portfolio with an emphasis on High-Rise, Mid-Rise and Historical multi family apartment buildings. Duties include assuming responsibility for assigned capital and maintenance projects for any and all Essex properties within the assigned portfolio; supervising employees as well as vendors or outside contractors; assuming responsibility for identification of liability hazards; tracking of expenses, both cost and capital; providing first line information, documentation and training regarding any property-specific special needs; and completion of weekly and monthly reports.
JONES LANG LASALLE
Vice President, Capital Markets Group - Investment Sales
(CHICAGO, IL) JLL is seeking a Vice President to support their Capital Markets Group-Investment Sales Office team in Chicago. Candidates should have expertise in both the disposition and recapitalization of commercial real estate. The Capital Markets Group provides investment brokerage, advisory and investment banking services to corporations, institutions, public companies, fund managers, financial institutions and property developers. Specific duties include participating in or performing complex financial analyses, including cash flow projections, valuation models, and sensitivity analyses; gathering economic, demographic, and real estate market data for input into project specific deliverables; and preparing offering memoranda and offering materials for new assignments.
URBAN LAND INSTITUTE
Senior Director, Education & Advisory Group
(WASHINGTON, DC) The incumbent will share responsibility for managing projects of the Advisory Services Program with the Vice President, which includes marketing panels, maintaining partnerships, scoping panel assignments, recruiting panelists, serving as onsite project director, writing and editing reports, organizing project analysis sessions, and other day-to-day activities of the programs. The Senior Director will also be charged with developing and implementing a new program marketing strategy and building new partnerships. Additional duties include managing the annual student urban design competition, and other special projects that arise.
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