Second Chances

There’s plenty of Wall Street talent either looking for a job or in fear of the axe. However, in stark contrast, those at the helm, more often than not, are hot commodities, even in the face of failure. “What’s $34 Billion on Wall Street?”–a most astounding story that appeared in the New York Times on January 27–reported that two of the banking industry’s superstars (who oversaw the loss of over $34 billion at Citigroup and Merrill), are now hot properties. In fact, they’re being courted aggressively for their next top spot. In this land of opportunity, humiliation and chastisement can actually result in a startling comeback, as these individuals are being given a second chance. After all, as the common wisdom dictates, it is “not the individuals who lose money; it’s the system.” Too bad the rank-and-file doesn’t get a second chance.

Job Opportunities
REAPPLICATIONS National Account Executive (SAN DIEGO) This position entails developing relationships and strategic sales plans for securing contracts with regional and national commercial real estate firms that include brokerage firms and commercial real estate owners & developers. DEUTSCHE BANK Acquisitions Associate (SAN FRANCISCO) Work closely with various acquisitions officers to evaluate and underwrite new investment opportunities, perform due diligence, facilitate preparation of Investment Committee memorandums, assist with closing transactions and more. CB RICHARD ELLIS Senior Accountant–Trammell Crow Investment Funds (DALLAS) Responsible for accounting for the Trammell Crow Investment Funds’ operations, including financial reporting, budgeting, forecasting, investment valuation and analysis. MCWHINNEY REAL ESTATE SERVICES Director of Retail Leasing (LOVELAND, CO) Create and maintain relationships with the brokerage community, prospective retail tenants, clients and developers, participate in the planning of broker and customer oriented events, create prospects for new customers and more. PRUDENTIAL Regional VP (FRESNO, CA) The hire will be responsible for managing the regional office and the oversight of mortgage origination and servicing for the agricultural loan portfolio, and will be responsible for growing the portfolio. JPMORGAN ASSET MANAGEMENT Real Estate Asset Manager (LOS ANGELES) The manager will be responsible for strategic investment management of a portfolio of office and industrial assets located in the western US, owned by JPM commingled funds and/or separate account clients. PARAMOUNT REAL ESTATE SERVICES Property Manager (POUGHKEEPSIE, NY) Responsibilities include, but are not limited to, preparation of annual income and expense budgets, monthly monitoring of property income and expenses, tenant and vendor relations, property inspections, marketing and tenant construction coordination. DAVLYN INVESTMENTS Acquisitions Analyst (Multifamily)–Fast Track Advancement (IRVINE, CA) Initial duties will include evaluating prospective investments using proprietary Excel financial models, performing detailed market research and analyses and preparing investment offering memorandums.
Promotions No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.
URSTADT BIDDLE PROPERTIES (GREENWICH, CT) The company promotes three officers, with Linda Lacey moving to senior vice president, director of leasing; James Aries moving to senior vice president, director of acquisitions; and Wayne Wirth moving to senior vice president, director of management and construction. NATIONAL REALTY & DEVELOPMENT (PURCHASE, NY) Brian Sekel moves up the ladder to executive vice president, real estate. He previously served as managing director of real estate. ACQUEST REALTY ADVISORS (BLOOMFIELD HILLS, MI) John Lowry and Douglas Smith are promoted to vice president. Lowry moves from project manager to vice president, Acquest Development and Smith moves from associate to vice president, Acquest Realty Advisors. OPUS ARCHITECTS & ENGINEERING (MINNEAPOLIS) Ed Gschneidner becomes vice president of architecture. He has been with Opus for 13 years, rising through the ranks as project architect. TRANSWESTERN (HOUSTON) Transwestern creates a new position for LEED and sustainability initiatives. Leading the team is Allan Skodowski, who was made senior vice president and director. For the past four years, he’s managed engineering and operations in the Midwest. PATHWAY REAL ESTATE ADVISORS (HOUSTON) Michael Dotson is named vice president in addition to being a partner. ARC/ARCHITECTURAL RESOURCES (CAMBRIDGE, MA) Philip L. Laird succeeds founding principal Henry S. Reeder as president of the firm. Reeder will continue as chairman. Laird has focused on college, university and independent school design contracts. TRILLIUM RESIDENTIAL (TEMPE, AZ) Michelle Sinclair rises to operations director from director of employee development. Sinclair joined the company in 2003. ALICO INC. (LABELLE, FL) Dan L. Gunter, president and COO, will replace John R. Alexander as CEO, effective June 30. Alexander will continue as chairman of the board. OSI RESTAURANT PARTNERS (TAMPA) Richard Renninger is named executive vice president and chief development officer while Jody Bilney becomes executive vice president and chief brand officer. Renninger joined the company in 2005 as senior vice president. Bilney came on board in 2006 as chief marketing officer for Outback Steakhouse. CYPRESS CREEK CAPITAL (FORT LAUDERDALE) Jason Isaacson assumes the president’s duties in addition to chief investment officer. He joined the company in 2005.
New Hires No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.
DAVIDSON HOTEL CO. (MEMPHIS) Robert J. Clayton is named senior vice president of human resources and administration. The 20-year veteran most recently was vice president of human resources for Naperville, IL-based OfficeMax Inc. MARCUS & MILLICHAP CAPITAL CORP. (SAN FRANCISCO) Michael Pyon joins as an associate responsible for overseeing loan originations in the San Francisco office. Prior to joining MMCC, Pyon was affiliated with a major banking institution. LEE & ASSOCIATES (NOVI, MI) John Dinsmore joins the team as principal, focusing on the western Oakland, Livingston and north Washtenaw County markets. He most recently served as associate broker with Friedman Real Estate Group. Also coming on board is Bradley Ferguson as associate in the retail division. He has been a police officer for 18 years, holding the rank of sergeant for the past eight years. He started in residential and commercial sales in 2005. RETAIL BROKERS INC. (SCOTTSDALE, AZ) Jon Hammond and Michael Waxman are hired senior investment specialists. Both Hammond and Waxman come from 1st USA Commercial Properties where they were commercial consultants. CARROLL MCNULTY & KULL (BASKING RIDGE, NJ) Eileen de Callies joins the firm’s New York City as senior associate. Her background includes experience in appellate, commercial disputes and insurance coverage. GVA WILLIAMS NEW JERSEY (PARSIPPANY, NJ) Daniel Haynes comes to the company as an investment sales associate. Prior to making the move, Haynes was a capital markets investment sales analyst for Jones Lang LaSalle. SHEA PROPERTIES (ALISO VIEJO, CA) The company names Jeff Cunningham senior vice president of construction management, overseeing all Shea’s construction projects throughout California. Most recently, Cunningham served as vice president/division manager for the California division of Bayley Construction. URBAN HOUSING GROUP (EL SEGUNDO, CA) Peter Cossavella is appointed vice president of development. His resume includes tenures at Camden Property Trust, Citicorp Real Estate, Fairfield Residential, Molasky Pacific and the Amstar Group. CB RICHARD ELLIS (TUCSON) Paul G. Coady joins the company as director of asset services. Most recently, he was director of property management for Bourn Partners. HYATT HOTELS & RESORTS (CHICAGO) Patrick McCudden is named senior vice president of real estate and development for Latin America. The veteran’s background includes 17 years with Marriott International, but most recently he was executive vice president of Juno Properties. PANATTONI DEVELOPMENT CO. (BALTIMORE) Reid Townsend starts as senior vice president and project principal to lead development operations in Maryland and Central Pennsylvania. He previously worked for Trammell Crow Co.’s Mid-Atlantic division. KEYSTONE PROPERTY GROUP (BALA CYNWOOD, PA) The firm’s new vice president and controller is Joseph Hughes, who previously was controller for Stoltz Management Co. J.F. MCKINNEY & ASSOCIATES (CHICAGO) Mark Baby starts as a senior associate, assuming leasing and marketing duties of 311 S. Wacker Dr. He most recently worked for Jones Lang LaSalle. KTGY GROUP INC. (IRVINE, CA) Lalaine Tanaka joins as a principal to lead the firm’s hospitality division. TERRITORY INC. (LAS VEGAS) Tamaula Coffin begins as senior property manager to oversee a 2.8-milion-sf retail portfolio. ICON PARTNERS (DALLAS) Joining as vice president is Ryan Harden, who spent the past four years in the same capacity with PNL Cos. He will focus on development of mixed-use projects. LNR PROPERTY CORP. (DALLAS) The firm hires Andrew Klasing as financial analyst for the Dallas office. He most recently worked for Skorburg Co. WEICHERT COMMERCIAL BROKERAGE (BETHLEHEM, PA) Edward Koepcke joins as assistant vice president. Most recently, he was an industrial broker for Hawley Realty. COLLIERS INTERNATIONAL POLAND (WARSAW) Malgorzata Trzaskowska takes over as retail department director. Trzaskowska most recently worked for Quinlan Private Golub. GARIBALDI GROUP/CORFAC INTERNATIONAL (CHATHAM, NJ) Rob Loderstedt and Michael Witko Jr. become associate vice presidents in their move to the firm. Loderstedt had been an associate for Cushman & Wakefield Inc. in Long Beach, CA and Witko previously worked as a senior account representative in the commercial print industry. GE REAL ESTATE (TAMPA) Jay Kelley starts as senior account executive for the business property division. Kelley, who will focus on single-tenant financing, previously was CFO of a regional development firm in St. Petersburg, FL. ESSEX REALTY GROUP (CHICAGO) Chad Frahm and Michael Tetrick start as director and associate, respectively. Frahm most recently worked for a real estate consulting firm in Park Ridge, IL. Tetrick is a 20-year retiree of the US armed forces, who began his real estate career in 2005 as an acquisitions analyst for Dimensions Management.

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