Picking Up Roots
Happly, the real estate industry is in the midst of a recovery, however signs of health are spotty and, more importantly, the industry has contracted so there are smaller companies accomplishing more with less. I do not see this trend changing much over the next three years, so professionals in a job hunt will find themselves more often than not in hot competition for the opportunities that are available. The other by-product of the current market is that often the job will be in another city, and the family will be faced with a relocation. The show stopper is often children, especially high-school age kids whose parents are loath to uproot them before they graduate, which then leads to a commuting existence for a year or two. Not the worst thing in the world for a good job, but definitely a hard compromise. On the employers' side of the equation there is the nagging worry that the newly minted employee will change his or her mind before the family move actually happens. The final conundrum is the cost of relocation. In today's economic environment, depending on when a home was purchased, there may be a loss of equity on the sale which is another factor either the employer will have to take into account, or worse, the employee who has to pick up the tab. However you stack it up, relocation for a new job is worse than having a set of wisdom teeth removed.
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 authorís own.
Vice President of Operations
(DALLAS) The VP of Operations will develop an annual operations plan, stating priorities, timelines, and responsibilities; ensure corporate standards and internal company systems are in place including pipeline management and CRM; coordinate with counterparts in other regions, learn best operational practices, and offer innovation to the Texas region; spearhead training programs for brokers and employees and coordinate appropriately; support RMP and future HMP with the development of tht payments; maintain records of tenant representation group and individual revenue and expenses in conjunction with special employment agreements and budget tracking; and manage the commission process and payment to all brokers.
HARBOR GROUP INTERNATIONAL
Asset Manager, Multifamily
(NORFOLK, VA) This position will report to the head of multifamily asset management, and will be a primary liaison with property management, and with investors through Harbor Group's investor relations group. He/she will be responsible for a property portfolio in the Maryland/Washington DC markets, and over time will absorb responsibilities in other markets. Additionally, the position will establish the platform from which the company asset manage alternative investments. The focus on these deals is asset managing the debt not the property. The position will work with the accounting team to execute loan servicing activities and interface from a customer service perspective with the Company's borrowers.
BOND NEW YORK
(NEW YORK CITY) The IT Manager will administer the acquisition, installation, maintenance and use of company computers; evaluate, install, and update business software; troubleshoot office software and hardware; maintain software licenses; maintain appropriate security on network systems, including virus protection; provide in-house training related to care and use of company equipment and network access; troubleshoot user issues; maintain an inventory of company technological equipment; configure and manage printers, copiers and other miscellaneous network equipment; and assist with the evaluation of new applications and project implementations.
PALMER CAPITAL INC.
Capital Markets Partner
(SACRAMENTO) Palmer Capital Inc., an industry leading private commercial real estate firm, is seeking a real estate professional to join its capital markets team headquartered in Sacramento. The firm is recognized for innovative business strategies that source investment opportunities as well as provide debt and equity placement for office, industrial, and retail properties in multiple Western markets. A successful candidate will be responsible for underwriting, marketing, structuring debt and equity, and the management of client relationships. Bachelor's degree required.
CW CAPITAL MANAGEMENT
Vice President, Retail
(BETHESDA, MD) The position will be responsible for maximizing the performance of a commercial real estate portfolio, which includes properties that are the collateral for CMBS mortgages. The portfolio will consist primarily of retail assets. He/she will lead the oversight of the operations, leasing, and management with the goal of creating value and maximizing cash flow to the portfolio. Bachelor's degree with a major or substantial coursework in real estate or finance preferred. A minimum of 10 years of commercial real estate Asset Management, Property Management and/or Real Estate Investment experience required.
Project Manager, Leasing & Development
(TARRYTOWN, NY) Under general direction, this position will provide project management and other support for east coast development and construction projects, including planning, design, communication, coordination and project resolution to ensure that development project goals are met; provide overall planning and execution of development and construction projects, including preparation and presentation of project business plans, contract management and approval process; assume responsibility for project budget, project cash flow, return on investment, and other financial analysis; and ensure design and construction documents comply with project requirements.
Director, Asset Management
(PALO ALTO, CA) The Stanford real estate division under the University's department of Land, Buildings & Real Estate is seeking to fill a director-level position in its real estate asset management group to manage a portfolio of properties owned by Stanford University, controlled either directly or under long-term ground leases with third parties where Stanford University is landowner/lessor. This position will report to the managing director of real estate and will encompass all aspects of managing and owning real estate, such as managing annual budgets, developing long-term strategic plans for properties in the portfolio, negotiating leases and overseeing third-party property management firms, as well as working with jurisdictional agencies on various matters affecting the properties.
ERNST & YOUNG
Senior Manager, Construction
(IRVINE, CA) The senior manager, construction will demonstrate a thorough understanding of complex construction concepts; participate in the advisory engagement and communicate complex construction issues to the team and the client; develop productive relationships with client management; review work performed by the staff, conduct performance reviews, and contribute to on-the-job feedback/training; generate new business opportunities; understand Ernst & Young's service lines and actively assess/present ways they can serve and bring value to clients; and develop long-term relationships and networks.
To locate a job, visit GlobeSt.com's Career Center
JONES LANG LASALLE
(VANCOUVER, BRITISH COLUMBIA) As part of its continued expansion in the Vancouver commercial real estate market, Jones Lang LaSalle hired Matthew Brown as vice president of agency leasing. Brown comes to Vancouver from Jones Lang LaSalle's London office, where he was director responsible for leasing commercial space for many of the UK's largest institutional landlords.
MARCUS & MILLICHAP
(CLEVELAND) Marcus & Millichap Real Estate Investment Services has named Michael L. Glass national director of the firm's National Manufactured Home Communities Group (NMHCG). Glass joined Marcus & Millichap's sales intern program in 2001. He became an associate in 2005 after closing 16 transactions in his first 24 months as an agent. In 2006, he joined the management team as sales manager of the Chicago office. Glass was named regional manager of the Cleveland office in 2007 and became the regional manager of the Columbus office in 2009.
Promote your company's latest promotion, Career Center
(BOSTON) HFF announced that James Koury has joined the firm as a senior managing director in its Boston office. feet. Prior to joining HFF, he was an executive vice president and partner at CB Richard Ellis.
(NEW YORK CITY) Situs, a leading provider of global commercial real estate services and consulting solutions, announced the appointment of Constantine "Tino" Korologos as managing director in the firm's CRE Advisory Practice. Prior to joining Situs, Korologos served as managing director at Deloitte Financial Advisory Services, where he focused on CRE capital markets, distressed buy and sell diligence, valuation/stress testing and litigation support.
(MIAMI) Colliers International South Florida announced that John Smotryski has joined the firm as director of project management. Project management services include providing owner representation for managing ground up developments, the rehabilitation of existing assets and tenant improvement projects. Prior to joining Colliers, Smotryski served as senior project manager for Coastal Systems Development where is was in charge of the redevelopment of Great Stirrup Cay, Bahamas for Norwegian Cruise Lines.
(CHICAGO) Clarius Partners, LLC announced that Eric D. Johnson joined the national development firm as the new development manager. Johnson was previously employed with Ware Malcomb as a project architect.
(BOISE, ID) A10 Capital, a full-service nationwide lending business specializing in small to middle market mini-perm commercial mortgage loans announced that former Goldman Sachs Commercial Mortgage Capital co-chief executive officer and chief credit officer, Jim Conway, will be joining the firm as its chief credit and risk officer.
GISCOMBE REALTY GROUP
(NEW YORK CITY) Giscombe Realty Group LLC has hired Yvonne Maddox as a residential specialist broker to run the commercial real estate company's new residential brokerage division. Most recently, she worked as a residential broker in Manhattan for Sotheby's International.
Promote your company's newest executive, Click Here