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Suburban Crawl andthe Youth Exodus
Commercial office space, one of the laggards in this recovery isfinally showing signs of life as many city centers have stoppedlosing tenants and are beginning to fill-up. In a Wall StreetJournal article yesterday statistics were reported that indicatethat even forlorn cities such as Detroit, Houston, Miami, Pittsburgand Phoenix have had net increases downtown. So what about thesuburban markets? Well, in almost every market the “Burbs” are adisaster and occupancy levels have continued to decline or are asflat as a pancake with high double-digit vacancies. The articlewent on to indicate that some scholars, urban advocates anddevelopers believe a secular shift is underway in the Americanworkplace. “Young people don’t want to be out on the fringe,” andmany corporations and developers are factoring that into theirplans. On the real estate front the suburban markets havehistorically fueled growth and jobs. Forget it for the next coupleof years. The suburban weakness is going to continue to dampen abroader recovery of job growth. Bah Humbug!

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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.

Job Opportunities LOCATE A JOB

BLACKROCK
Real Estate Capital Markets Analyst
(NEW YORK CITY) The analyst will prepare commercial mortgage loanpackages for presentation to lenders; assist with all aspects ofcapital market transactions including creating quote matrices,responding to questions from potential lenders, due diligenceefforts, transaction documentation and closings; analyze andmonitor existing CMBS investments for investor websites, draftquarterly CRE CDO investor letter and coordinate investorinquiries; among other duties.

EQUITY RESIDENTIAL
Regional Learning Manager
(VIENNA, VA) The manager will be responsible for leadingregion-wide performance improvement efforts for sales, salesmanagement, and manager development; facilitating all regionalsales-related training and collaborating with the operationslearning specialist in order to integrate sales and systems forgreater effectiveness; and collaborating with OTD director,marketing director, and sales VP to offer customer service courseswith brand alignment and provide overall regional sales guidance;among other duties.

JONES LANG LASALLE
Leasing Analyst
(DALLAS) The leasing analyst is responsible for rent analysis andrent payment processing; client/vendor/landlord relationshipmanagement; resolution of rent and other landlord/tenant issues;and review annual landlord reconciliation statements andcalculations to ensure accuracy and lease compliance; among otherduties.

HOLLIDAY FENOGLIO FOWLER, L.P.
Associate Director, Closing
(HOUSTON) The director will review due diligence underwritingincluding third party reports and legal issues for Freddie Macloans; ensure all Freddie Mac loans comply with Freddie Macrequirements; assist producers and analysts with any questionsregarding Freddie Mac underwriting and closing requirements; andassist transaction manager in preparing all aspects of loanclosings; among other duties.

GRUBB & ELLIS
Senior Financial Analyst, AssetManagement
(SANTA ANA, CA) The analyst will prepare cash flow projections onportfolio assets and identify potential areas of capital, leasingand operating exposure; coordinate the due diligence and the datacollection efforts in connection with portfolio asset reviews ;assist with the preparation of loan modification proposals andother correspondence to lenders/servicers; and perform marketresearch and analysis by conducting on-site property tours,contacting appropriate industry parties and utilizing industryresearch tools; among other duties.

AVALONBAY COMMUNITIES
Construction Project Manager
(BOSTON) The manager will provide leadership, supervision andtraining for all construction personnel developing budgets,construction schedules and operational plans; and be the maincontact for local building officials and labor unions; prepare,disseminate and analyze bid packages to insure their quality,completeness and comparative value; and enter contracts withsub-contractors and suppliers according to AvalonBay policy andprocedures; among other duties.

ORACLE
Senior Director of Real Estate & Facilities at OracleCorporation
(CHICAGO) The senior director will be responsible for managing ateam of six senior project managers as well as overseeing all realestate transactions within the portfolio; as well as, vendorselection, evaluation and business reviews in compliance withOracle's policies; and manage/oversee more than 100 activeproject's activities; among other duties.

GREYSTAR INVESTMENT GROUP
Investment Associate
(IRVINE, CA) The associate will be responsible for sourcing newprospective investment opportunities; engaging with brokers, equitypartners, lenders, attorneys, and all other related internaldepartments, as appropriate; financial analysis of investmentopportunities, including the creation of detailed pro-forma models;market investigation of potential acquisitions, competitiveproperties and local market fundamentals; among other duties.

Promotions SUBMIT A PROMOTION

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

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MARCUS & MILLICHAP
(NEW YORK CITY) Marcus & Millichap is promoting J.D. Parker tovice president. Parker currently serves as the regional manager ofthe Manhattan, Brooklyn and New Haven offices, a position he willcontinue to hold. Michael L. Glass will be promoted to vicepresident in Cleveland. Glass currently serves as the regionalmanagers of the Cleveland and Columbus offices, a position he willcontinue to hold.

SENIOR LIFESTYLE CORP.
(CHICAGO) Senior Lifestyle Corp. is promoting three seniormanagers to executive vice president, while Chairman Bill Kaplanresumes the role of chief executive officer. Keven Bennema chiefoperating officer to executive vice president/chief operatingofficer. Tom Danker advances from chief financial officer toexecutive vice president/chief financial officer; and RonnDa Petersadvances from corporate director of marketing to vice president ofmarketing.

CB RICHARD ELLIS
(INDIANAPOLIS) CB Richard Ellis is promoting John Merrill tomanaging director and market leader for its Indianapolisoperations.

New Hires POST A NEW HIRE

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

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CHARLES DUN CO.
(LOS ANGELES) Charles Dunn Co. is hiring Ron Azad as seniormanaging director of its real estate services company. Azad willhave primary responsibility for overseeing the firm’s propertymanagement and asset management operations, reporting to PatrickConn, the firm’s president of property management.

NEW YORK CITY DEPT. OF BUILDINGS
(NEW YORK CITY) The Buildings Department of New York City ishiring Susan J. Pogoda as the new deputy commissioner of LegalAffairs at the Department of Buildings. Deputy Commissioner Pogodabrings more than 25 years of legal experience and public service tothe department, where she will oversee the Office of the GeneralCounsel and the Loft Board.

NEWMARK KNIGHT FRANK
(ROSEMONT, IL) NKF is hiring Jared Paff, Steve Stone and JosephKarmin as associates focused on the northwest Cook, eastern O’Hareand east DuPage submarkets, respectively.

LEVIN MANAGEMENT CORP.
(NORTH PLAINFIELD, NJ) Levin Management Corp. is hiringChristopher Miele to the business development team.

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