Great News!

Great News!

Our allies across the northern border are doing just fine, thank you. REITs and Public companies raised $3 billion in 2009, with 50% raised in the 4th quarter. The Canadian Banks escaped the debacle that setback the US banking system, so credit is flowing—relatively--more freely. Fundamentals remain strong in portfolios across most asset classes. The commercial office sector is okay, but more money is chasing industrial. Nevertheless, most companies remain tentative on the hiring front, but we are starting to see Canadian real estate companies "dip their toe in the water" with selective hiring. Overall, a good report card.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities

FORE PROPERTY CO.
Development Executive--Affordable Housing
(LOS ANGELES) Fore Property Company a national multi-family development and property management firm is seeking a development executive with significant affordable housing development experience to join its affordable, tax-credit development team. Responsibilities include deal sourcing, deal structuring, project financing, and investor relationships. A minimum of five years LIHTC development and affordable housing experience required. Bachelor’s degree in Real Estate or Finance preferred but not required.

THOR EQUITIES, LLC
Mall Manager
(ROSEVILLE, MI) The manager is responsible for preparing property operating & capital expense budgets; maintaining expense control & increase net operating income; approving expenditures within budget for payment; and developing & implementing strategies, procedures & processes; among other duties.

AIG GLOBAL REAL ESTATE
Portfolio Manager--Director
(NEW YORK CITY) The portfolio manager-director is an integral member of the team responsible for the development and implementation of a portfolio reporting function and will work with key stakeholders including senior management, investment and asset management, to design, create and implement a library of relevant reporting to measure portfolio metrics, highlight risks, exposure, and opportunities; among other duties.

WASHINGTON REAL ESTATE INVESTMENT TRUST
Leasing Manager
(ROCKVILLE, MD) The manager will develop and maintain thorough market knowledge, as well as relationships with outside brokers active in the portfolio submarket; understand the goals and objective of each assigned property and implement the leasing guidelines; and work with the asset manager on annual budget process; among other duties.

HARBOR GROUP INTERNATIONAL
Vice President, Asset Management (Multifamily)
(NORFOLK, VA) The VP will monitor and evaluate financial operating results to enhance cash flow and profitability; evaluate property performance to assist in strategic business planning; analyze and prepare recommendations for potential capital investments; and establish long-term and short-term initiatives to maximize investment returns; among other duties.

MANNING & NAPIER ADVISORS, INC.
Global REIT Analyst
(NEW YORK CITY) The analyst will conduct intensive industry and company research using a structured approach to analyzing sustainable competitive advantage focusing on global real estate ideas; work with associates to create financial models including projections and valuation analyses as the basis for making investment recommendations; and prepare written research reports and white papers including industry overviews and buy recommendations for individual companies; among other duties.

CORNERSTONE REAL ESTATE ADVISERS
Financial Analyst
(SANTA MONICA, CA) Working as an integral part of both the acquisitions and asset management teams, the financial analyst will be involved in all aspects of real estate investment underwriting. Primary responsibilities will include cash flow projection and valuation. Other responsibilities include performing due diligence, writing investment memoranda, preparing asset performance reports and conducting market research.

SELECTLEADERS
Senior Asset Manager--Multi-family
(BUFFALO) The manager will develop and implement operating budgets and financial forecasts; implement proactive strategies to address operational, financial, and compliance issues; understand and review regional and metropolitan economic and demographic trends and key multi-family markets, and recommend rental adjustments and leasing concessions; among other duties.

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.

LEE & ASSOCIATES OF MICHIGAN
(SOUTHFIELD, MI) Lee & Associates of Michigan is promoting Christian Hill to principal status.

SPERRY VAN NESS – MILLER
(SALISBURY, MD) Sperry Van Ness is promoting Lindsay Moore to assistant to managing director.

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.

LINCOLN PROPERTY CO.
(BOSTON) Lincoln Property Co. is hiring Mark Norton as a senior associate.

CB RICHARD ELLIS
(NEW YORK CITY) CB Richard Ellis is hiring Paul Gillen as a senior vice president. Formerly, Gillen was a vice president at Morgan Stanley Real Estate.

MOHR PARTNERS
(ORLANDO) Mohr Partners is hiring Andy McCaw as managing director for the new Orlando office. McCaw was previously a senior vice president with Grubb & Ellis.

JONES LANG LASALLE
(TORONTO) Jones Lang LaSalle is naming Jim Becker as the head of its Canada business.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.