There was more good news from the Labor Department at the end of last week. The number of Americans who voluntarily left their job, otherwise known as the “Quit Rate” hit 1.8% of the workforce up from a low of 1.2% in September 2009.
Translated into real numbers, 2.4 million workers resigned in November. Our new Federal Reserve Chairwoman Janet Yellen, considers this to be very good news because the willingness of workers to jump ship is considered a sign of the labor market’s health because they are optimistic about their prospects for landing a new and better job.
This is all well and good, but the flip side of the coin is that employers are still moving slowly to hire. Business remains cautious when it comes to expanding their payrolls with goal of getting more from less in their workforce.
Nevertheless, it has been a very long time since the labor force had a positive outlook, and the positive news on the Quit Rate front is another signal that the recovery is alive and well.
ROSS STORES, INC.
Director, Real Estate
(PLEASANTON, 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. In addition, the Director, Real Estate will act as the primary Ross representative in dealings with landlords.
(AUSIN, TX) The Service Manager will oversee the efforts of properties in the areas of inspection, maintenance, and repair. Depending upon the size of the property, more than 50% of this position’s time is involved in the direct management of the on-site maintenance staff at each assigned property. In addition, this position will be responsible for ensuring the physical aspects of each property meet the Company’s established standards and any applicable laws. This is done for safety, appearance, and operational efficiency reasons and must fall within the budgeted financial goals. Lead the on-site maintenance staff in diagnosis of problems and repair in areas such as HVAC, electrical, plumbing, pool, carpentry, dry walling, exterior structural, and appliance.
(DALLAS/WACO, TX) Our client, FirstCity Servicing Corporation, acquires, services, and manages a wide variety of financial assets including performing and non-performing commercial and consumer loans in markets around the globe. To date, Company has acquired assets with a face value in excess of $12 billion. FirstCity Servicing Corporation owns and manages a sizeable secondary market portfolio of commercial loans as well as the real estate these loans represent. Company is looking for senior real estate professionals to assist in asset management real estate assets. FirstCity has offices in both Waco and Dallas, TX.
(DENVER, CO) The Transaction Manager will work directly with Principals in ARA’s Denver office, managing multiple real estate transactions including everything from preparing information for listings through coordinating final closing of the sale. Specific duties include coordinating with the Director of Operations for all offerings, proposals and marketing materials; writing text for proposals, offering memoranda and brochures; abstracting purchase agreements and other legal documents; maintaining superior quality and absolute 100% accuracy; coordinating buyer’s due diligence and closing processing including assembling due diligence documents from seller and distributing to buyer; documenting all deliveries, tracking critical dates, conducting property showings and coordinating site visits; and supervising financial analysis.
LT GLOBAL INVESTMENT
(LOS ANGELES, CA) Duties include assisting in evaluation and pricing potential acquisition/developments; assisting in researching and obtaining preliminary assumptions for valuation models; conducting financial analysis and due diligence related to real estate acquisitions/development opportunities; and summarizing financial assumptions, prepare cash flows and determine returns of acquisitions and developments.
GENERAL GROWTH PROPERTIES
(ST. GEORGE, UT) The Operations Manager will have overall accountability for the operations of one shopping center and will operate the center in accordance with GGP policies and standards to maximize profitability. The Operations Manager will possess a thorough understanding of mechanical systems, construction practices, preventative maintenance and government regulations. Position requires a comprehensive understanding of operations methods and the need to increase profitability and keep common area costs under control. In addition, this position will administer the physical operations of the center, oversees general and preventative property maintenance, construction coordination, public safety, housekeeping and other contracted services.
HOLLIDAY FEGNOLIO FOWLER, L.P.
Real Estate Analyst – Multi-Housing Investment Sales
(CHICAGO, IL) Duties include preparing commercial real estate sales packages and submissions for presentations to buyers; responding to buyer questions regarding properties and the overall commercial real estate market; performing complicated financial modeling and spreadsheet analysis in Excel; reviewing and analyzing legal documents and third party reports as part of the due diligence process; coordinating information regarding market data, occupancy data, expense analysis, aerials, maps, rent/sales, comparables, and development pipelines; preparing market analysis reports, including vacancy, absorption, and comparable rents and sales; assisting clients in preparing documentation for the closing process; and updating data in company database.
AMERICAN REALTY ADVISORS
Senior Real Estate Economist
(LOS ANGELES, CA) The Senior Real Estate Economist will provide the Investments, Portfolio Management and Asset Management departments with research analysis, and assist with client reporting and marketing. Reporting directly to the Managing Director of Research and Strategy, position will be responsible for conducting research and analysis for all equity funds provided by the clients of American Realty Advisors. In addition the successful incumbent will assist developing and maintaining market and industry research that drives the firm’s investment strategies; assisting with the development and presentation of the firm’s macroeconomic and capital markets “House View,” including maintaining all supporting databases; evaluating property sector performance; and working with the Portfolio Management group to recommend periodic portfolio rebalancing, involving potential property dispositions and near-term investment plans.