Homebuilding Returns- 06.22.2010
The last column I expected to write for quite a while was tocomment on the recovery of homebuilders and renewed activity inSunbelt markets, especially Florida. Yet in the online version ofthe Wall Street Journal this morning there was an articlereporting that homebuilders are gobbling-up cheap land in centralFlorida and turning on the spigot, building new product. Not longago the expectation was that new home construction would be years,if not a decade away. But cheap land and a recovering economy isfueling a new round of homebuilding. The top 10 homebuilders areall in Florida and in other Sunbelt locations gearing-upoperations. For example, Meritage Homes Corp. has 13 activelyselling communities in Florida, with similar plans for Denver, LasVegas, Arizona and parts of California: to buy land at rock-bottomprices and begin building. Every real estate depression that I haveexperienced produces a widely held view that recovery is moredistant than ultimately is the case. I suggest that at least on theresidential front this is the case, and the rebound is already inprogress, albeit slowly.

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

COSTARGROUP
Product Marketing Manager
(WASHINGTON, DC) The marketing manager will be the customeradvocate for customer and prospect segments that rely on analyticssolutions; will be responsible for the outbound marketingactivities for these solutions; and will work with creative staffto develop the positioning and craft unique messaging that willbuild brand awareness and drive demand in the marketplace; amongother duties.

CANTOR FITZGERALD
Real Estate Financial Analyst
(NEW YORK CITY) The analyst will provide analytical support to bothgroups by building financial models, analyzing data, and puttingpitch books together; among other duties.

SELECTLEADERS
Associate/Analyst
(LOS ANGELES) The associate/analyst will perform financial analysesand market research, prepare investment or financing memoranda,assist in the marketing of equity and debt transactions, manage thedue diligence process and evaluate potential investment andfinancing proposals. He/she will work with directly with a partnerof the firm and build an extensive network of client and lendingrelationships.

CUSHMAN & WAKEFIELD, INC.
Senior Consulting, Global Consulting
(WASHINGTON, DC) The position will develop and deliver soundconsultative approaches in response to clients' real estatechallenges; create project work plans and budgets, create proposaland project strategy, conduct and oversee work products ofconsultants and analysts, and will partner with senior managementto present findings and recommendations to clients; among otherduties.

FRAUENSHUH
Vice President Design and Construction
(MINNEAPOLIS) The VP will lead and supervise the developmentprocess of constructing new medical facilities ensuring theprojects are completed on time and on budget. The process includesthe coordination of governmental agency approvals, design,construction and tenant/client interface. This position willestablish, maintain and propagate strong relationships withexisting and new clients.

GOOGLE
Facilities Manager – Gurgaon
(GURGAON, INDIA) The facilities manager will manage all aspects ofIntegrated Facilities Management to include office management,utilities management, transport management, hospitality management,food services management and real estate & administration oflease agreements; among other duties.

IDI
Real Estate Marketing and CommunicationsManager
(ATLANTA) The manager will oversee all tactical day-to-day projectimplementation assigned to the marketing and communications teamincluding but not limited to the overall content of the website,intranet, social media programs, and various other presentationmaterials and print/electronic collateral; and serve as a proactivemarketing liaison for corporate business units and otherdepartments, eight market offices and outside vendor resource;among other duties.

SELECTLEADERS
Regional Property Manager
(HOUSTON) The manager will maintain exemplary relations with alltenants, clients, staff, vendors, and management, utilizingeffective customer service and communication skills; prepare annualoperating budget(s) and monthly variance reports, as well asmonthly financial reports; and perform routine inspections ofproperties and prepare written reports and presentations; amongother duties.

No more than one submission per company will be considered perweek.
Submissions with multiple names will be capped at three forcoverage in Executive Watch.

MARCUS & MILLICHAP CAPITAL CORP.
(LOS ANGELES) Marcus & Millichap is promoting Adam J. Petriellaand Jerry M. Wise to the positions of first vice president capitalmarkets.

OPUS NORTH CORP.
(CHICAGO) Opus North is promoting Matt Rauenhorst to director ofretail development and leasing.

KIMCO REALTY CORP.
(NEW HYDE PARK, NY) Kimco Realty is promoting Glenn G. Cohen toexecutive vice president and chief financial officer.

No more than one submission per company will be considered perweek.
Submissions with multiple names will be capped at three forcoverage in Executive Watch.

COLLIERS INTERNATIONAL
(NEW YORK CITY) Colliers International is hiring Kevin J. Brennanas valuation services director.

FLAGLER REAL ESTATE SERVICES, LLC
(CORAL GABLES, FL) Flagler is hiring Greg Martin as a broker forBroward County.

MERIDIAN CAPITAL GROUP, LLC
(NEW YORK CITY) Meridian Capital Group is hiring Chad Johnson as amanaging director in its commercial originations group.

GRUBB & ELLIS CO.
(SANTA ANA, CA) Grubb & Ellis is hiring Randy Buddemeyer andTim Rivers as executive managing director, responsible for theFlorida and Carolinas region, and senior vice president, director,management services, respectively.

L&L HOLDING COMPANY, LLC
(NEW YORK CITY) L&L Holding is hiring Keith R. Purcell as avice president in its asset management division. Purcell waspreviously a vice president of GIC Real Estate, Inc.

REGENCY CENTERS
(JACKSONVILL, FL) Regency Centers is hiring Barbara ChristieJohnston as SVP, general counsel. Recently, Johnston served aspartner with the national firm of McGuireWoods LLP in itsJacksonville, FL office.

DIVERSIFIED PROJECT MANAGEMENT
(NEWTON, MA) Diversified Project Management is hiring CallieO’Brien as Assistant project manager.