Net-Net -09.14.2010
Tomorrow is the second anniversary of Lehman Brothers bankruptcyfiling. It has been a tumultuous two years since that incredibleweekend when the global banking system faltered at the brink of ameltdown. The repercussions on the world economy have been almostas dramatic as during the Great Depression, and the aftershockscontinue today as the US economy struggles to fully recover. On thereal estate front the business landscape continues to adjust to themarket reset. There is an interesting trend that is beginning tofollow historical patterns and is important to watch. Big firms aregetting bigger. The major players such as commercial-servicecompanies, healthy investment platforms and operating companies aregetting bigger and more globally dominant through mergers and theacquisitions of smaller firms or teams. On the other hand, small,innovative niche platforms are emerging to fill in the gap left bythe middling businesses that have been shut down or merged out ofexistence. Mid-level boutiques are a dinosaur of the past. Thesenew emerging enterprises will gain strength and present aformidable alternative in the real estate space in which they serveand operate.

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
AccountExecutive
(FORT LAUDERDALE) CoStar’s Account Executive is responsible forgrowing revenue through the sales of CoStar’s marketing andinformation products to subscribers and non-subscribers within aspecific geographic territory and, managing an existing book ofbusiness.

REALTERM GLOBAL
Senior Analyst
(ANNAPOLIS, MD) The firm is currently looking for a candidate tofill the position of senior analyst, to focus on growth,underwriting and reporting support.

BIOMED REALTY, L.P.
Sr. Associate, Acquisitions and Leasing
(CAMBRIDGE, MD) Under general supervision, the associate supportsthe company's acquisition and leasing efforts to acquire newproperties and lease up vacant space for BioMed Realty'sportfolio.

TISHMAN SPEYER PROPERTIES
Associate
(WASHINGTON, DC) The firm is currently recruiting for ananalyst/associate to work within the leasing team. This is a keyposition in a small team reporting directly to the managingdirector of leasing and working on high-priority projects withinthe leasing team and in coordination with the portfolio managementteam.

MERDIAM INFRASTRUCTURE
Vice President of Design andConstruction
(LONG BEACH, CA) The vice president of design and construction isresponsible for oversight and administration of the design andconstruction functions for LBJP during the constructionperiod.

METLIFE
Associate Director, Commercial MortgageProduction
(WASHINGTON, DC) The successful candidate must be able to source,underwrite and close new commercial mortgage investments for thegeneral account portfolios of MetLife. The position requires theability to successfully establish and maintain relationships withowners and developers, as well as various brokers andintermediaries.

WASHINGTON STATE INVESTMENT BOARD
Investment Officer – Real Estate Assets
(OLYMPIA, WA) The primary role of the investment officer - realestate is to assist the senior investment officer and the rest ofthe real estate team in selecting and overseeing real estatepartnerships on behalf of the WSIB.

PIEDMONT OFFICE REALTY TRUST
Assistant Property Manager
(MINNEAPOLIS) The purpose of the assistant property managementposition is to assist in the management and operations of anassigned portfolio of properties or single full-service property.The assistant property manager will have general knowledge of allfunctions relating to the management and operations of aproperty.

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

STUDLEY
(CHICAGO) Commercial real estate services firm Studley hasannounced the promotion of Tiffany Winne to senior managingdirector from corporate managing director.

JONES LANG LASALLE
(CHICAGO) Jones Lang LaSalle today announced the firm has promoted11 Chicago-based professionals in its Brokerage, Communications,Corporate Solutions, Project & Development Services, Hotels,and Strategic Consulting practices: Richard L. Benoy to senior vicepresident in landlord leasing; David Bukovac to senior vicepresident in corporate solutions – Honeywell Account; JosephCaprile to senior vice president in Project & DevelopmentServices, Development Management Team Lead; Brad Kreiger to seniorvice president, Internal Communications – Americas; Monica Moore tosenior vice president in landlord leasing; Paige Steers to seniorvice president, Public Relations – Americas; Matthew Oxley tosenior vice president in Corporate Solutions; Annette M. Prater tosenior vice president in Markets; Asin Shah senior vice presidentin Corporate Solutions; Eric Stavriotis to senior vice president inStrategic Consulting; and Justin Epps to senior vice president inHotels

THE LERNER COMPANY
(OMAHA) Jim Prysiazny has been appointed vice president -propertyManagement and Dee Muessel assumes the new roll of vice president -accounting and Administration.

LCOR
(NEW YORK CITY) LCOR, the national real estate and developmentcompany, has promoted David A. Sigman to the position of executivevice president. Sigman will continue to serve as a companyprincipal. He will also continue to manage the company’s businessdevelopment program throughout the New York City area.

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

GRUBB & ELLIS
(SANTA ANA, CA) Grubb & Ellis Company announced that Robert W.Bell, MAI, 32-year veteran of the appraisal industry, has joinedGrubb & Ellis Landauer Appraisal & Valuation as seniormanaging director, California. He Grubb & Ellis from IntegraRealty Resources where he spent three years as a director.

ALVAREZ & MARSAL
(NEW YORK CITY) Alvarez & Marsal, a professional services firm,specializing in performance improvement, turnaround management andbusiness advisory services, announced that Michael Zanolli hasjoined Alvarez & Marsal Real Estate Advisory Services as amanaging director. With more than 20 years of experience, Mr.Zanolli has served in a number of advisory and investmentmanagement positions in the real estate industry.

NIXON PEABODY
(SAN FRANCISCO) International law firm Nixon Peabody LLP announcesthe arrival of partner Gary P. Downs. Downs will work within thefirm’s Regulatory & Real Estate Department. He joins fromPillsbury Winthrop LLP where he was leader of Pillsbury’s PublicFinance practice and co-head of Pillsbury’s affordable housingpractice.

CHATHAM LODGING TRUST
(PALM BEACH, FL) Chatham Lodging Trust, a hotel real estateinvestment trust (REIT) focused on upscale extended-stay hotels andpremium-branded select-service hotels, today announced that DennisM. Craven has been appointed as its new executive vice presidentand chief financial officer. Craven previously served as executivevice president and chief financial officer of Innkeepers USATrust.