Chilly At the Top
It is often said that it is lonely at the top. For all the talk in management circles of the importance of top teams, the truth remains that in just about all organizations, just one person—the chief executive officer—is singled out for ultimate responsibility for everything that goes on.
Just ask Target’s former CEO, Gregg Steinhafel, who stepped down yesterday in the wake of one of the largest cyber-attacks during the Christmas season. However, as news reports and analysis emerged from the announcement, it appears that Steinhafel was also bruised by lackluster results from the company’s expansion into Canada and other missteps.
It’s tough at the top. According to the Conference Board, the average tenure of CEOs is declining from 10 years in 2000 to just eight years in 2012, and the decline continues.
The stronger independence and accountability of directors during the past decade, and greater scrutiny from shareholders and activists increasingly motivates corporate boards to be more inclined to dismiss a CEO who is performing below expectations. Clearly the buck stops at the CEOs desk, and when it does, it gets very chilly at the top.
THE MOINIAN GROUP
Real Estate Director
(NEW YORK, NY) Director will be charged with creating a vision for each of the properties that focuses on maximizing the overall income in the portfolio. She/he will be responsible for preparing and updating annual and other plans which establish an integrated approach to leasing space within these properties. This candidate must oversee the implementation of plans with external leasing agents, property managers, and internal accounting and finance to ensure continuous full occupancy of the assigned assets at rates that lead the market. The candidate must have 7-10 years of successful brokerage experience.
PACIFIC RETAIL CAPITAL PARTNERS
Real Estate Senior Financial Analyst
(EL SEGUNDO, CA) The Senior Financial Analyst will work closely with the Senior Vice President of Acquisitions. Duties include underwriting potential regional mall acquisitions including communication with brokers, agents and principals in order to complete due diligence, perform cash flow modeling and analyze deal structures; performing research to identify potential risks and opportunities and validate underwriting assumptions; preparing investment recommendation packages for investment committee and financial partners; and conducting financial analyses for financial partners, leasing, property and asset management.
ROSS STORES, INC.
Director, Real Estate
(DUBLIN, CA) Position will direct the analysis, selection, negotiation, administration and coordination of Ross’ new store Real Estate program, and/or the relocation, replacement, expansion and surplus store programs as assigned by the Regional Vice President of Real Estate, Vice President of Real Estate, and Sr. Vice President of Property Development. Specific duties include negotiating the business points for sites approved by the company as well as lease renewals, store expansions, modifications and surplus store space available for subleases; travel to required market areas to visually inspect and evaluate proposed sites, existing stores and competitors within the trade area; and find multi market store site locations.
THE HORNIG COMPANY
Real Estate Maintenance Supervisor
(MINNEAPOLIS, MN) Responsibilities include: supervising the work of a group of Maintenance Technicians; interviewing Maintenance Technician positions as needed; addressing performance with Maintenance Technicians, including participating in annual performance reviews, ongoing verbal feedback as well as written disciplinary documentation as needed; making recommendations of best practices, improvements to processes and proper completion of maintenance functions; and providing customer service to residents, communicating with residents frequently regarding work order status.
VP, Market Officer
(ORLANDO, FL) Prologis is seeking a VP, Market Officer to be accountable for all the operational aspects of commercial/industrial properties and core portfolio to include leasing, asset and property management, and providing leadership for assigned market(s) which includes developing strategic direction as well as the operational execution to generate and maintain maximum profitability. Specific duties include developing and executing real estate strategies and transactions that support Prologis core business, plans, and objectives; and developing and maintaining strong positive relationship with existing customers to ensure high satisfaction level.
GLOBAL FUND INVESTMENTS
Houston Retail Property Manager
(SPRING, TX) Duties include running the daily property management tasks of several retail properties in Houston; managing vendors and maintenance personnel; overseeing tenant improvement and minor construction projects; communicating with tenants, overseeing rent collection activities and addressing daily tenant issues and requests; collaborating with accounting team on monthly reporting activities, CAM reconciliation activities, annual budget preparation, and monthly budget monitoring; and reviewing bills and expenses, approving tenant adjustments, classifying expenses.
BROADSTONE REAL ESTATE, LLC
Chief Operating Officer/COO
(ROCHESTER, NY) Based in Rochester, NY and reporting directly to the firm’s Chief Executive Officer, this individual will play a critical role, along with the rest of the executive team and board of directors, in developing and implementing strategies, goals, policies, procedures and services to achieve organizational objectives. The position will lead and manage Broadstone Real Estate’s administrative, human resources, information technology, compliance and legal functions and will also drive organization-wide projects and processes to ensure a solid platform for continued growth, financial strength and operational efficiency.
Real Estate Research & Strategy
(NEW YORK, NY) The candidate will be responsible for analyzing a variety of US real estate markets with specific emphasis on the retail sector. This will require in-depth property sector research, evaluating the numerous economic, industry and company factors that impact commercial real estate performance. The synthesis of this quantitative and qualitative analysis will include a forecast of market conditions to directly support senior management in the formation and implementation of DeAWM’s House View investment strategies, portfolio construction and transaction reviews. Candidates must have direct experience in preparing, managing, and presenting a range of applied real estate research projects including: metro-level market analyses of the major property types, forecasts of market conditions and performance, and strategic research reports related to real estate investment.