In 1997 I received a DVD from USAir that enabled me to make flight reservations and book online. It was rudimentary, at best.
Fast forward to today, void of an artifact of the past, the travel agent.
Fast forward one more time. Yesterday, Zillow and Trulia, the two portals that dominate the online residential listing space, announced their possible merger.
Residential brokers are shuttering. While neither site charges to list properties for sale, they level the playing field, and have set the stage to compromise multiple listings services, and provide access to all of their data, a key step in compromising the role of the broker.
For sure the residential broker is not going away, but commission rates and the leverage they possess will be compromised. One more example of how the Internet is reshaping the real estate industry and professions that serve it.
Real Estate Capital Advisory Analyst
(NEW YORK, NY) Reporting directly to the Firmís Partners, the Analyst will be responsible for the underwriting of real estate investment managers, including analysis of historical and projected performance; drafting and producing marketing and offering materials; coordinating investor roadshows; responding to investor inquiries; preparing regular client updates throughout the marketing process; maintaining CRM database; and conducting market research.
Real Estate Controller
(SAN FRANCISCO, CA) Controller will be responsible for accounting operations, financial reporting, budgeting, and forecasting cash flow for assigned entities. Specific duties include performing daily accounting functions for all company entities, including cash management, A/P, A/R, general ledger, month-end reporting, financial statements, payroll and tax return preparation; managing monthly close and all necessary accounting entries and adjustments; preparing inter-company reconciliation and consolidation; researching cash/valuation discrepancies; managing job costing process for new development and capital projects at existing properties; tracking contracts and terms, approved budgets and change orders, work performed vs. billed and variances of actuals to budget; and maintaining partner capital accounts, detailing contributed capital, distributions, and retained earnings.
Asset Manager (Property Management)
(LOS ANGELES, CA) Position will have overall responsibility for asset management of stabilized assets in a given region, asset type and/or portfolio. Responsibilities include devising a strategy for commercial leasing including but not limited to providing guidance to Leasing staff and review of commercial leases prior to final execution; conducting due diligence, reviewing, negotiating, and commenting on all key documents and overseeing day-to-day interaction/negotiation with CIM internal departments, attorneys and outside parties throughout the life-cycle of the asset by executing the approved business plan; and working with other CIM departments to ensure effective operations of each asset while complying with CIMís operating procedures.
Real Estate Sales Manager†
(NEW YORK, NY) Real Estate Licensed Sales Manager needed for growing commercial brokerage firm in downtown Manhattan. Bachelorís degree and New York Broker's License required. A minimum of 5 years of verifiable commercial transactions in Manhattan also required.†
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Associate Ė Equity Sales
(BOSTON, MA) Associates will be required to manage several projects at once and work effectively as individuals and as part of a team. In addition, this position will work closely with senior team members and assist with mentoring and training Analysts; financial underwriting, due diligence review and transaction execution; performing comprehensive and in-depth company, real estate, and market analysis; preparing presentations and other materials for clients; and creating pitches, proposals, and marketing materials. Bachelorís degree with coursework in financial accounting and corporate finance required. Masterís degree in Business Administration with academic distinction is a plus.
Analyst Ė Equity Sales
(BOSTON, MA) Company is searching for an Analyst in the Equity Sales division for the Boston office who is interested in building a career in the financial services industry with a focus on real estate finance. Responsibilities include working with senior team members on presentations and financial analysis; assisting team in underwriting for asset sales and debt placement across all property types; performing comprehensive and in-depth company, real estate, and market analysis, due diligence collection and review; and creating pitches, proposals, and marketing materials.
NEW YORK UNIVERSITY
Assistant Director, Facilities Management
(NEW YORK, NY) Position will direct facility operations, including all maintenance and repair of building and dentistry support systems, and oversee construction project activities to ensure safe, reliable, high quality building occupancy and patient care?functions. In addition, this position will work in partnership with the College of Dentistry Dean and his team to ensure that capital construction projects and building maintenance activities support their strategic needs and support their clinical operations; ensure appropriate application and implementation of University and Division of Operations policies, financial and service standards, and accounting rules to provide transparent financial accounting that ensures the best value is delivered to the College and University; and team with others in the Division of Operations and other units such as Public Safety to ensure regulatory and code compliance, and to meet patient care requirements, for all construction?and operations.
TRANSWESTERN COMMERICAL SERVICES
Senior Facility Manager
(DALLAS, TX) The Senior†Facility Manager will be responsible for managing the property staff and overseeing a significant portfolio or major property. In addition, this position will also be responsible for the implementation and administration of policies, procedures, and programs on a daily basis for the property. Specific duties include: communicating the customer's needs and requirements to the assigned TW staff; maintaining open and regular communication with the customers; preparing an Operating Procedures Manual for each property managed; conducting weekly manager meetings with administration engineers to discuss ongoing activities, highlights of TW, concerns and issues within the building; and conducting monthly meetings with project accountant to discuss ongoing activities, financial or reporting concerns and issues with the building or building owner.