Over the past few weeks we heard about an increasing number of significant cyber-security breaches targeting government agencies, major corporations, utilities, and famous individuals. The most notable of the week was a breach of Michelle Obama's personal accounts. Another recent breach involved LinkedIn, and the list goes on. The White House is stepping-up its efforts to control this urgent problem creating a task force to address it, but alas, the situation appears to very difficult to control, and the feds are worried. For example, a breach of a utility could readily shutdown power grids, or an infiltration of the air-traffic system would wreak all sorts of chaos globally. At the local level, it is critical that companies step-up their focus on cyber security because each and every commercial business is fair game for a hacker, and don't underestimate what damage might be done to your business. On a more personal level, all accounts and online commerce is fair game for some young wizard in a foreign land, and we are all exposed to identity theft. Change that password now!
Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
(NEWPORT BEACH, CA) Duties include assisting the vice president in the underwriting and modeling of commercial real estate properties (property types include primarily retail shopping centers and office buildings); abstracting leases, reviewing operating budgets, operating statements, promissory notes and CAM reconciliations; preparing financial reports used in broker's Opinions of Value and Offering Memorandum; preparing ad-hoc financial analysis reports; and researching and summarizing relevant industry reports.
Commercial Real Estate Research & Analysis Director
(MIAMI) The primary role of director, research and analysis will be to ensure that research departments throughout the Florida region are strategically aligned with business development objectives of CBRE offices. He/she will have a supervisory responsibility for the research department staff in fulfilling this role. The research director will form ad hoc research teams and utilizes proprietary data and resources to support business development; assume responsibility for proactively connecting with sales professionals at all levels as well as the sales management team to generate ideas for the constant improvement of research-related client facing materials; seek opportunities to participate in client pitches; and spearhead the production of market analysis and timely white papers addressing market trends.
Director, Asset Management
(SAN FRANCISCO) The position of director, asset management will be primarily responsible for assisting in the management of the financial performance and business strategy of the portfolio of properties. The overall role of this position will be to identify ways to maximize operations and returns at the individual asset level and the overall fund/portfolio level. This position will focus on comparing the Company's assets to industry benchmarks as well as identifying opportunities to exceed benchmarks without negatively impacting property operations and the property's competitive position within the submarket.
HARBOR GROUP INTERNATIONAL
Regional Manager - Multifamily
(NORFOLK, VA) The position will work with on-site managers to recruit, select and place qualified on-site personnel; provide leadership and direction for all on-site employees under supervision; ensure regular coaching, counseling and performance evaluations for all staff members; prepare revenue outlooks for the corporate office as well as other reports as required; analyze, approve, or disapprove expenditures where expense budgets would be exceeded; and ensure communication, implementation and follow up of company objectives for each property.
LEGACY PARTNERS COMMERCIAL, INC.
(FOSTER CITY, CA) The vice president, acquisitions will report directly to the senior managing director and head of acquisitions and development for the San Francisco Bay Area. The primary responsibilities of the position will be new deal sourcing, preliminary underwriting and valuation terms on prospective new acquisitions, including preparation and compilation of analytical and investment information, and interfacing with senior management, investment brokers, and existing and new potential investors.
(LITTLETON, CO) Specific duties include creating a strategic marketing plan and budget that addresses shopping center issues and opportunities, resulting in programs that enhance tenant, community, and media relations, and specialty income programs to increase tenant sales; developing and implementing a strategic specialty income program to generate shopping center revenue and offset shopping center marketing expenses in coordination with the GM; directing staff job results by coaching, counseling, and disciplining employees, and planning, monitoring and appraising job results; maintaining staff by recruiting, selecting, orienting, and training employees; and coordinating shopping center visual merchandising and advertising programs.
PIEDMONT OFFICE REALTY TRUST
Assistant Property Manager
(CAMBRIDGE, MA) The assistant property management position will assist in the management and operations of an assigned portfolio of properties or single full-service property. This position will have general knowledge of all functions relating to the management and operations of a property, and will interact with tenants and vendors on a regular basis and share in the responsibility for after-hours on call.
Vice President and Controller
(MADISON, NJ) The position will be responsible for the controllership function that produces accurate and timely financial reporting of high integrity and transparency for PREI, the company's commercial real estate equity business within the asset management segment. The controllership function is responsible for preparation and communication of actual financial results and performance in a comprehensible, clear and concise manner. The position should ensure the finance function adds strategic value to the business and to the enterprise through knowledge, curiosity, intellect, and courage.
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(MINNEAPOLIS) CBRE Minneapolis/St. Paul promoted Cheri Peterson to controller on the Global MTA project. As controller, Peterson is the functional lead in developing a custom deal commission system for revenue recognition across CBRE's 13 largest countries. She has been with the firm for more than 15 years.
MARCUS & MILLICHAP
(NEW YORK CITY) Marcus & Millichap Real Estate Investment Services promoted Naomi Shu to associate vice president investments. Most recently, Shu held the title of senior associate.
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(LOS ANGELES) DTZ, a UGL Company, has announced the appointment of Todd McHenry as executive vice president – legal. He will oversee the world-wide legal activities for DTZ, a leading provider of global property services. McHenry's 24 years of experience most recently included serving as International Group General Counsel for DaVita Inc.
UNITED REALTY PARTNERS
(NEW YORK CITY) United Realty Partners announced the appointment of Barry Funt as president of United Realty Capital Markets, a real estate investment banking firm specializing in the full spectrum of real estate financing. Prior to joining United Realty Capital Markets, he started the commercial real estate finance unit at Natixis Global Real Estate, and served as general counsel of Nomura's commercial real estate finance unit.
(NEW YORK CITY) Houlihan Lokey, the international investment bank, announced that Philippe Zrihen has joined as a managing director in the firm's real estate investment banking group. He joins from Rothschild Inc., where he spent eight years, most recently as a managing director overseeing the firm's North American hotel/leisure and broader real estate practice.
CUSHMAN & WAKEFILED
(MORRISTOWN, NJ) Carrie Neigel of Branchburg, N.J., has joined commercial real estate services firm Cushman & Wakefield, Inc. as a sales associate. Prior to joining Cushman & Wakefield, Neigel worked as leasing director for Boston Properties.
(SOUTHFIELD, MI) Signature Associates hired Kristie King as retail sales associate. She joins the team with over 10 years of sales experience with hundreds of retailers.
(TYSONS CORNER, VA) Edge Realty hired Andrew O'Connor as associate of its Northern Virginia office.
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