UK Update -07.20.2010
I am on the beat in London this week and thought I would update youon the mood of the market “across the pond." In sharp contrast toan emerging, albeit slow, recovery in the US, the UK real estatecommunity is bracing for a double dip. This is not 2009, but mostreal estate types are very cautious about predicting that the worstis over. Also, on the real estate investment banking front,activity in the equity capital markets has slowed appreciably,signaling that the public exit strategies that were being pursuedby many private owners will be on the shelf until the markets comeback to life. I should note that this is not too different from theUS scene where a number of IPO’s have been withdrawn recently dueto pricing. The translation of this in England, on the hiringfront, is as expected: little activity and not much hope forrecovery for the balance of the year. Essentially, my read is thatthe UK is 12 months behind the US in the turnaround. Another tea,please. 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. |
AMERICAN INSTITUTE OF ARCHITECTS
Executive Vice President/CEO
(WASHINGTON, DC) The EVP will execute the AIA’s strategic plan;develop and implement annual operating plans that align with thestrategic plan; build and maintain collaborative relationships withrelated industries, constituencies, organizations and government;and facilitate opportunities for AIA leaders to act as the voice ofarchitects in the profession; among other duties.
JONES LANG LASALLE
Transaction Manager
(GLENDALE, CA) The manager will perform more complex financialanalyses; handle small transactions with limited supervision;manage brokers for selected lease transactions as required ; tenantand rent income management; lead transaction tracking and reportingfor clients; and lead preparation of annual reports and otherpresentations; among other duties.
SELECTLEADERS
Construction Project Manager
(STAMFORD, CT) The manager will negotiate with varioussubcontractors, vendors, supplies, and the like for project workand writes all purchase orders for tenant improvements and capitalexpenditure projects; review construction plans, submittals anddrawings; and negotiate change orders and prepares necessarydocumentation; among other duties.
LUCESCU REALTY
VP – Finance and Capital Markets
(NEWPORT BEACH, CA) The VP will act as a primary point of contactand relationship manager; make sales presentations and developcustomized proposals to obtain engagements; establish a pipeline oftransaction opportunities for Lucescu Realty and source advisoryservice engagements; and develop third party opportunities for debtand financing; among other duties.
MAC-GRAY CORP.
Vice President National Accounts
(WALTHAM, MA) The VP will generate leads, perform sales, meet thechallenge of adding new accounts and will have a passion forexcellence in customer service; among other duties.
RUSSELL INVESTMENTS
Managing Director – Private Real Estate
(TACOMA, WA) The managing director will be responsible for theinvestment activities of Russell's $2-billion-plus discretionaryreal estate multi-manager investment platform operating globally;will provide real estate investment strategy and manager researchto support the Global Consulting and Advisory Services of Russell;among other duties.
NEW YORK LIFE INVESTMENTS
Vice President – Distressed Debt
(NEW YORK CITY) The VP will be responsible for implementing bestpractices for pro-active loan management, including all aspects ofdocument enforcement, workout negotiations, and receivership andforeclosure actions; among other duties.
MADISON CAPITAL MANAGEMENT
Senior Investment Analyst – Real Estate
(GREENWOOD VILLAGE, CO) The analyst will be responsible forunderwriting a diversified portfolio of real estate investments,including asset types such as hotel, office, industrial,multifamily, retail, healthcare, self-storage and otherspecialty-use property types across the US; monitoring the overalloperational and financial performance of real estate and realestate related investments and compliance with joint venture, assetmanagement, leasing, construction management and loan agreements;among other 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. CUSHMAN & WAKEFILD
(NEW YORK CITY) Cushman & Wakefield is hiring Sandy Monaghan asmanaging director.
CLIFFORD CHANCE
(NEW YORK CITY) Clifford Chance is hiring Douglas L. Wisner as apartner in the New York office and will lead the firm's Real Estategroup in the Americas region.
MOHR PARTNERS, INC.
(DENVER) Mohr Partners is hiring Tim Callahan and David Johnson asmanaging principals.
LINCOLN PROPERTY CO.
(BOSTON) Lincoln Property Co. is hiring Jesse Flynn seniorassociate. Prior to joining Lincoln Property Company, Flynn workedas a broker with Newmark Knight Frank’s Cambridge real estateteam.
JONES LANG LASALLE
(CINCINNATI) Jones Lang LaSalle is hiring Mark Volkman as seniorvice president in the firm’s brokerage and leasing team.
ABBY OFFICE CENTERS
(HOUSTON) Abby Office Centers is hiring William Edmundson aspresident and chief executive officer.
ALINDA CAPITAL PARTNERS LLC
(TORONTO) Alinda Capital Partners is hiring Graeme Bevans as itssixth partner.
NORRIS & STEVENS/TCN WORLDWIDE
(PORTLAND, OR) Norris & Stevens/TCN Worldwide is hiring TimothyS. Mitchell as their new SVP, director of sales & leasing
DP PARTNERS
(WEST CONSHOHOCKEN, PA) DP Partners is hiring Matthew Marshall asassociate partner for the eastern region. Marshall was formerlywith ProLogis.
REGENCY CENTERS
(LOS ANGELES) Regency Centers is hiring John T. Mehigan as vicepresident, investments.
MAYFIELDGENTRY REAL ADVISORS
(DETROIT) MayfieldGentry is hiring A. Kay Stanfield Spinks asdirector of portfolio development and special counsel. |
