Home Sweet Home
Tucked in between Starwood and Wyndham Hotels, and handsomely ahead of Hyatt and InterContinental in terms of valuations, is Airbnb, an online service that enables people to rent their homes to travelers.
Founded in 2008, Airbnb is valued at $10 billion. It’s attracting the likes of investors such as TPG, and it’s expected that Fidelity and T. Rowe Price will join the investment group. The company currently has more than 600,000 listings in more than 190 countries with revenue last year around $250 million and growing rapidly.
From a human capital point of view, this hospitality company isn’t much of a story because there are no housekeepers, front desk clerks, engineers or, for that matter, any employees except for some technology types and two founders who are laughing all the way to the bank.
This was a terrific idea, and a great execution of a nation that would almost make one say, “Why didn’t I think of that?” Looking for a houseboat in Paris, or a tree house in Cornwall? You’ll find it at Airbnb.
Watch out Hilton, this is real competition, especially for the holiday traveler trade.
ROSS STORES, INC.
Facility Engineering Director-Corporate Properties
(NEW YORK, NY) Role will primarily support the day-to-day technical building and facility operations as well as support the long-term strategic direction for the New York Buying Office (NYBO) site which will be fully occupied by more than 1,200 Ross associates in early 2014. This role may also be responsible for supporting the technical building operations for other East Coast Corporate Properties. Responsibilities include establishing and managing all facility and engineering processes, policies and procedures; overseeing engineering projects; managing technical issues with non-Ross building tenants; budgeting for capital and operating expenses; and managing and maintaining internal relationships with process partners and key business contacts.
(CHICAGO, IL) Financial Analyst should have strong analytical skills and have a familiarity with real estate financial statements. This position requires a self starter who will be responsible for assisting with the setup and ongoing analysis of numerous unit interior rehab projects (more than 6,000 units) including tracking project costs and rental premiums; the monthly analysis of select EQR garages currently being managed by third party garage operators (over 5,000 spaces) including the underwriting of new capital investment for new garage equipment or software; general retail analytical support; and assisting in the underwriting and due diligence process for all retail acquisitions.
Director, Corporate Facilities Operations
(WASHINGTON, DC) Position will direct a staff unit which provides services within facilities to ensure that infrastructure systems, facilities, offices, and work spaces are appropriately maintained and kept in service so ongoing work or specific meetings or conferences can be accomplished. Role will set standards for staff and contractors to maintain, repair and build out mechanical, electrical and automated systems essential to the functioning of the corporation's offices and business units. Eight plus years of related experience required.
JONES LANG LASALLE
Associate-Capital Markets Group
(LOS ANGELES, CA) Duties include performing complex financial analyses, including cash flow projections with complex financing structures, ARGUS valuation models, and sensitivity analyses; creating sophisticated Excel-based analytical tools including macro-enabled financial models; preparing offering materials for new or existing assignments and pursuits utilizing effective work planning capabilities; assisting with the preparation of presentation and pitch materials for new business pursuits; managing the due diligence and closing process for complex financing transactions; gathering economic, demographic and real estate market data for input into client deliverables and valuation models; and reading and reviewing real estate documents (i.e. leases, environmental and engineering reports, appraisals, etc).
BUCHANAN STREET PARTNERS
Vice President – Investments
(NEWPORT BEACH, CA) Buchanan Street Partners seeks a relationship manager with fiduciary experience to source, underwrite, structure and oversee acquisitions, structured loans, mezzanine debt, and other types of investments in commercial real estate. Investments will be made throughout the real estate capital stack in institutional-quality properties ranging in value from $30-$100MM (nationwide but with a concentration in the Western U.S.). Specific duties include acquiring institutional-quality office, industrial, and multifamily properties with core-plus to opportunistic risk profiles; selectively formulating partnerships for equity investments, identifying best-in-class operating partners with compelling investment platforms and opportunities; originating loan opportunities for institutional lending platform; and underwriting and closing aforementioned investment activities.
USAA REAL ESTATE COMPANY
Director, Investor Communications
(SAN ANTONIO, TX) Duties include assuming responsibility for managing the RFP, RFI, DDQ and investor request process, producing high quality responses, which accurately and favorably represents USAA Real Estate Company’s (“RealCo”) investment capabilities and value proposition to existing and perspective clients; managing a workload which includes both individual responsibilities and collaborative assignments alongside and/or as support for others in the group; and developing strategic content of the firm’s product and improving sales presentations, and creating other marketing materials to support Global Investor Group and other departments.
GREEN COURTE PARTNERS
(LAKE FOREST, IL) The Investment Associate will provide analytical support to GCP’s acquisition and asset management activities. Key responsibilities include: sourcing and screening prospective acquisitions based on GCP’s financial criteria; performing detailed financial analysis of acquisition targets, including historical analysis and financial modeling/projections to assess investor risk and return; contributing to acquisition due diligence and closing process; performing analyses to support on-going asset management activities, such as repositioning, refinancing, and disposition; and participating in various forms of investor correspondence.
UNIVERSITY OF VIRGINIA
Director, Operations/Maintenance, Facilities Management
(CHARLOTTESVILLE, VA) Responsibilities include leading facilities and maintenance operations of over nine million square feet of space on 1600 acres involving both skilled trades and other career oriented employees. Major components include maintenance and operations as well as custodial services for academic buildings and landscaping across the University grounds. This position will also be responsible to understand, negotiate and fulfill contracts for facility operations; prepare, administer and monitor budgets; manage, hire, train and motivate a large staff through daily observations and hands-on interactions; interact successfully and professionally with all members of the University community as well as external contractors, engineers, architects, state and federal representatives and the public; and respond rapidly and effectively to all customer needs.