Shaky at the Top

I surveyed the front page of Monday’s Wall Street Journal and, not surprisingly, found three headlines reporting on CEOs being sent to the chopping block over the weekend. The headlines read, “U.S. Seizes Mortgage Giants…Government Ousts CEOs of Fannie and Freddie,” “Washington Mutual Forces Oust CEO,” and “WaMu’s Board is Ousting CEO”. It’s tough at the top. Last year, Booz Allen Hamilton issued a study indicating that less than half of CEOs leaving office in 2006 departed under “normal” circumstances–and that was in good times! I predict there will be a steady stream of front-page news on CEO changes in the months ahead, as the banking, finance and mortgage institutions continue to clean house. The rub is that the tab for this cleanup is being borne by the rest of us.

Job Opportunities
FIRST POTOMAC REALTY TRUST Lease Administrator (BETHESDA, MD) The company seeks a self-motivated team player to administer a portfolio of properties and serve as a liaison between the landlord and tenant regarding the compliance of the lease provisions. DUKE REALTY CORP. Accountant-Commercial Real Estate (PHOENIX) Responsibilities include external reporting, preparing and analyzing corporate and joint venture schedules and budgeting and financial analysis. SELECTLEADERS Analyst/Associate (GREATER HARTFORD, CT) A private equity and real estate investment firm seeks an Analyst to evaluate new secondary market and primary fund investments, execute transactions, provide origination support and manage the portfolio. JONES LANG LASALLE Strategic Sourcing Manager (PHOENIX) JLL seeks a Strategic Sourcing Manager to manage sourcing and procurement activities for a global high tech/manufacturing client. This role will be responsible for $70 million of vendor/commodity annual spending. BOSTON CAPITAL Director of Portfolio Management (BOSTON) The Director will manage a team of portfolio managers and portfolio analysts and take responsibility for the corporate tax credit funds. Responsibilities include evaluating and improving processes and procedures within the portfolio management group, interacting with other departments to fulfill investor requests, managing the performance of funds and monitoring the delivery of benefits to investors. SELECTLEADERS Chief Investment Officer (WESTERN REGION) The CIO will be responsible for the strategic planning, implementation and ongoing management of corporate and project-level capital needs; establish and expand industry relationships; research, monitor and present market fundamentals and emerging trends; and represent the firm in industry groups and associations. SELECTLEADERS Assistant Vice President, Real Estate Portfolio Manager (NEW YORK CITY) An investment management company seeks an AVP to take responsibility for all asset management functions associated with an assigned portfolio of investments. CRICHARD ELLIS Senior Portfolio Administrator (TUKWILA, WA) Responsibilities include providing portfolio administration services to client accounts, adding value to the real estate portfolio and acting as the primary contact for client management on smaller accounts.
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.
WALTER & SAMUELS, INC. (NEW YORK CITY) The company has named Marc Berley executive managing director. He joined the company a year ago as managing director. UGL EQUIS (TAMPA, FL) Former vice president Todd Brandon has been raised to senior vice president. He came on board in 1998 and has managed the Tampa office since 2004. TURNER CONSTRUCTION CO. (DALLAS) Abrar Sheriff has been promoted to vice president and general manager of the special projects and interiors division. He has been with the company since 1997, when he joined as a field engineer. MARCUS & MILLICHAP (MIAMI) Mark Wohl has been appointed associate vice president investments. He joined the company in 2001. JONES LANG LASALLE (PHILADELPHIA) Ron Cariola has been elevated to managing director after serving as senior vice president. PERKOWITZ+RUTH ARCHITECTS (COSTA MESA, CA) Ron Bernhardt and Mitra Esfandiari have been named associate principals with the firm. COLLIERS TURLEY MARTIN TUCKER (CINCINNATI) Eric Gardner has been raised to the position of senior vice president/principal with the firm after two years with Colliers Turley. PARIC CO. (ST. LOUIS) Kurt Gildehaus and Tim McLaughlin have been appointed senior project estimators. JONES LANG LASALLE (PORTLAND, OR) Former senior vice president Michael Jordan has been promoted to national practice leader for the energy and sustainability consulting practice. AMC DELANCEY GROUP INC. (PHILADELPHIA) Michael Wachs, formerly an executive vice president and CIO, was promoted to president and COO of Delancey Senior Living, a new company affiliated with AMC Delancey.
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.
JER PARTNERS (MCLEAN, VA) Suzanne Gibson has come on board as vice president. She moves from MEZZ CAP, where she was also a vice president. WESTCORE PROPERTIES LLC (LAUSANNE, SWITZERLAND) Andrea Rusca has been named managing director in the Lausanne office. Rusca previously worked for Fiat Group Automobiles in Zurich. Westcore’s European affiliate, Airport Development Partners, has added Dr. Hans-Peter Kohlhammer and Jan Danielsson to its advisory board. Kohlhammer’s past experience includes founding a consulting business and a stint as CEO and director general of SITA S.C. Danielsson spent 12 years as director of Sweden’s second-largest airport. CUSTOM PROPERTIES LLC (DALLAS) Joshua Shatz has joined the company as a principal after serving as director of finance with ARA. GEORGE SMITH PARTNERS (LOS ANGELES) Calvin Lee has been appointed assistant vice president with the company. His previous experience includes 14 years in commercial real estate brokerage with Promax Commercial and Marcus & Millichap. WHITE CAP REAL ESTATE (MADISON, WI) Brent Stuhley has been hired as vice president of finance. He moves from McFarland State Bank, where he was assistant vice president of commercial lending. PIRCHER, NICHOLS & MEEKS (LOS ANGELES) Daniel Taylor has been named an associate in the litigation department. He previously worked as an associate at the Quintana Law Group. AMERICAN SOCIETY OF PROFESSIONAL ESTIMATORS (OAK BROOK, IL) John Brady will take the role of president of ASPE on September 25. He also serves as pre-construction director for Krusinski Construction Co. THOMAS PROPERTIES GROUP, INC. (LOS ANGELES) Paul Rutter has come on board as executive vice president and general counsel. Before joining the company, he co-founded Gilchrist & Rutter and served as executive vice president, major transactions at Maguire Properties. DMR ARCHITECTS (HASBROUCK HEIGHTS, NJ) Francis Reiner has joined the firm as an urban designer and landscape architect. He moves from Firmitas Development, where he oversaw development and was responsible for contract negotiations. CB RICHARD ELLIS (NEW YORK CITY) Tom Duke has been named vice president of the New York tri-state region’s retail group. He was previously senior managing director of LANSCO, where he handled retail agency work.

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