Politically Correct

In the wake of the current financial fiasco, plenty of heads are rolling, and according to an article in yesterday’s Wall Street Journal, the heads of at least eight major US companies turned down their 2007 bonuses. As the proxy season unfolds, there are likely to be many more who take a politically correct approach and forego incentive compensation. The article went on to report that, unfortunately, “a sacrifice by otherwise well-paid chiefs rarely impresses the rank and file.” Apparently, the wiser approach is to insist that the money that is given up be shared with the troops. This is all well and good, but a more interesting analysis would be what percentage the foregone bonuses will be of total compensation. Bite-size I’d bet.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
GEM REALTY CAPITAL Financial Analyst (RESTON, VA) The firm seeks a private-equity fund analyst for an entry-level position focusing on private-market real estate investments. SELECTLEADERS Senior Accountant (WASHINGTON, DC) The senior accountant will be responsible for providing information to senior management to facilitate internal decision making and financial reporting to third parties. SELECTLEADERS Assistant Vice President, Asset Management (CHICAGO) A private equity firm seeks an assistant VP to perform asset management for a set of properties and to act as a primary point of contact to the investors. JONES LANG LASALLE Senior Project Manager (HOUSTON) The senior project manager will support healthcare clients in Houston by managing projects from inception to completion, including design, construction and procurement and installation of medical equipment. AIMCO Vice President of Operations (SAN FRANCISCO) The real estate investment trust seeks a vice president to assume full P&L responsibility for a portfolio of multifamily units in the San Francisco area. THE JOHN BUCK CO. Real Estate Opportunities (ABU DHABI, UAE) The company seeks seasoned professionals to deliver landmark commercial real estate projects in UAE. ERNST & YOUNG Manager, Transaction Advisory—Licensed Florida Real Estate Appraiser (MIAMI) The manager’s duties include analytical model reviews, asset valuations, real estate appraisals, loan portfolio underwriting and other general real estate advisory services. PACIFIC LIFE INSURANCE CO. Director REIT/REOC Finance (NEWPORT BEACH, CA) The position emphasizes credit analysis of public and private real estate companies issuing unsecured debt obligations. Duties include managing the investment-production process and coordinating and managing RE capital markets and division associates.
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.
OCEANIA FAMILY OF RESORTS (MYRTLE BEACH, SC) Randy Reeves is named vice president of sales and marketing. He joined the company in late 2007 as a consultant. GAEDEKE GROUP (DALLAS) The company separates its real estate and energy activities and promotes Glenn Lickstein to president of Gaedeke Group, Belinda Dabliz to vice president of leasing and Mark Reed to president of Gaedeke Energy. Lickstein has been with the company for 17 years. Dabliz and Reed are both 13-year veterans. MARCUS & MILLICHAP (NEW YORK and ATLANTA) Mark Gjonbalaj is named a senior associate, Glen Kunofsky rises to first vice president of investments and Timothy Kinney is promoted to senior director of the Atlanta office. Gjonbalaj joined the firm in 2002, Kunofsky in 2001 and Kinney in 2006. IRELL & MANELLA (NEWPORT BEACH, CA) Andra Barmash Greene, the firm’s first female partner, succeeds Richard Sherman as managing partner of the 50-attorney office. CB RICHARD ELLIS (BOSTON) The company makes James Moore a partner. He joined in July 2000. PERKINS + WILL (WASHINGTON, DC) The firm promotes James Wood to principal and Patrick Shultz and Marion Danowski to associate principal. CAMDEN PROPERTY TRUST (HOUSTON) The company raises Malcolm Stewart to chief operating officer; Steve Hefner to senior vice president, construction; and Bill Sengelmann to senior vice president, real estate investments. ING CLARION PARTNERS LLC (NEW YORK) Former senior vice president Brian Watkins is named a director of the firm. He joined ING in 1996. HSA COMMERCIAL REAL ESTATE (CHICAGO) Former vice president/controller Laura T. Derusha rises to senior vice president/controller. In addition, Kenneth E. Verne moves from general manager to vice president, assent manager in the property management division and Joseph A. Swojenski is named vice president of facilities management. STAUBACH RETAIL (ADDISON, TX) Nine-year veteran Karen Loss is named senior vice president of retail corporate solutions. WEINGARTEN REALTY INVESTORS (HOUSTON) Alan Houston, an employee of 12 years, is raised to the position of vice president, regional leasing director in the southwest US.
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.
PATHWAY REAL ESTATE ADVISORS (HOUSTON) Michaelle Werdlow-Wiggins joins the company as a realtor. She brings 15 years of sales and customer service experience to the position. MACQUARIE REAL ESTATE (NEW YORK and CHICAGO) The firm adds three new hires to the payroll. Michelle LeRoy comes on board as managing director, capital transactions; Eric Wurtzebach is named managing director; and Faris Mansour joins as senior vice president, capital transactions. WELSCH, FLATNESS & LUTZ (ST. LOUIS) Ken Kotiza is now vice president/producer, responsible for handling new business development and developing relationships with community leaders. He previously served as president and director of UMB Bank. GRUBB & ELLIS CO. (SANTA ANA, CA) Doug Joseph joins Grubb & Ellis as senior vice president, director, institutional investment group. He comes to the company from CB Richard Ellis, where he was senior vice president of investment. PRIME RETAIL (BALTIMORE) Karen Fluharty has been appointed senior vice president of marketing, and Caroline Bradley becomes vice president of marketing. Fluharty joins the company from Chelsea Property Group Inc. Bradley was previously with Sony Electronics of America. OP2MIZE, LLC (CHICAGO) Daniel Dakhil is named manager, client services. He was previously with Cramer-Krasselt. EASTERN CONSOLIDATED (NEW YORK) The company hires Neil Gronowetter as a director. He previously worked for Massey Knakal and Newmark Knight Frank Retail Bank Services Group. CB RICHARD ELLIS (PHOENIX) Former employee Warren Johnston rejoins the firm. He left in 2002 to become part of Cushman & Wakefield’s Capital Markets Group. GE REAL ESTATE (SAN FRANCISCO) Michael E. Hines is appointed senior director, North American lending division. He moves to GE from Merrill Lynch Capital. APARTMENT REALTY ADVISORS (AUSTIN) Andrew Shih has been hired as director of private client services. He was previously a vice president at a major brokerage company. CIP REAL ESTATE (IRVINE, CA) Brad Strom joins the company as assistant vice president and director of real estate finance. He previously worked for JP Morgan Real Estate’s CMBS group. RIVER WEST NATIONAL TITLE & ESCROW LLC (CHICAGO) Gary Cichon has been named president and chief executive officer. He served most recently as vice president and senior counsel at LandAmerica Financial Services, Inc. DESANTO REALTY GROUP (RADNOR, PA) Rich Day comes on board as director of sales. Before joining DeSanto, he was vice president of Equitable Cos. FELCOR LODGING TRUST INC. (IRVING, TX) Mark D. Rozells, president of Inversiones Latinoamericanas S.A., has been appointed a member of FelCor’s board of directors. EMPYREAN HOLDINGS INC. (SACRAMENTO) Richard Booher is hired as business development officer with the company’s development and construction division. MOPPER-STAPEN REALTORS (SAVANNAH, GA) Rex Benton joins the company’s commercial division as an advisor. He previously worked for Grubb & Ellis and Colliers International. CENTERLINE CAPITAL GROUP (NEW YORK) Tim Hallock comes on board as a director and Gary Romaniello takes up the reins as a senior vice president. Hallock was previously with Bear Stearns, and Romaniello comes from Merrill Lynch. PM REALTY GROUP (DALLAS) Andy Craigo has been hired as development manager. He joins the company from a national architectural firm, where he was responsible for LEED documentation for a $24-million school. JONES LANG LASALLE (DALLAS and NEW YORK) Dave Richards is named managing director of the Dallas office and Peter DeCheser joins the company as managing director in the capital markets group. OPUS SOUTH CORP. (ATLANTA) The firm welcomes Stephanie Lipp as director of retail leasing. She previously served as vice president of CBRE’s retail services group. MARSHALL MANAGEMENT, INC. (SALISBURY, MD) Duane Quintana and Josephine Allen join Marshall as regional director of sales and marketing and marketing manager, respectively. Quintana brings years of hotel experience to the job, including 15 years with Marriott Corp. Allen previously served with Perdue farms and Salisbury University. CAMDEN PROPERTY TRUST (HOUSTON) Melinda Graham is hired as regional vice president—Arizona and California. LNR PROPERTY CORP. (ST. PETERSBURG, FL) Mike Campbell joins the commercial property group as the director of development, responsible for the planning, entitlement and development of projects in the Southeast. BH PROPERTIES LLC (LOS ANGELES) Ryan Smith has been appointed senior vice president of acquisitions. He joins the firm from SCI Real Estate Investments, where he oversaw more than $1 billion in acquisition transactions. NEXT REALTY LLC (NORTHBROOK, IL) Jim Thompson is the newly named development director. He previously served as a consultant with Resolute Consulting and as a project manager for the City of Chicago. NEW BOSTON FUND INC. (BOSTON) John Pavan joins the company as senior vice president and Northeast regional director of development. His previous experience includes stints with the Northbridge Cos., the Stabile Cos. and Benchmark Assisted Living LLC. COLE COS. (PHOENIX) Brett Sheets is hired as vice president of leasing. He joins Cole from Cold Stone Creamery, Inc., where he was vice president of real estate. ML REALTY PARTNERS (ITASCA, IL) Timothy Geisler is appointed director of the firm. He previously worked at the Missner Group and McShane Construction Corp. WILDER COS. (BOSTON) Alison Galgay and Kristen M. Wagner come on board as leasing representative and assistant property manager, respectively. Galgay joins Wilder from the Dartmouth Co. Wagner was most recently with Seaport Asset Management/Pembroke Real Estate. THE STAUBACH CO. (CHICAGO) Eric Mariani becomes the newest member of the suburban office team, joining as an associate. He was previously with Blueleaf Lending. COLLIERS MEREDITH & GREW (BOSTON) Brian L. Tisbert is named an associate in the suburban brokerage group. He joins Colliers from Brookwood Financial Partners LP. INTERPRISE (DALLAS) Wendy Taylor joins the firm as director of business development.

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