At Your Service – Commercial Service Firms Lead the Charge
Happy New Year! This year is being ushered in with a boatload of good economic news, and a lot of optimism. Yesterday, the Dow hit a multi-year high; lead articles in the Wall Street Journal, over the past couple of days, indicate that corporations have righted their balance sheets, hoarded cash and are now ready to go on a hiring spree; Congress is sorting out things as government moves to the “center” where we need it to be to get things done; and real estate is starting to feel better all over. Clearly with a stage set like this, it is reasonable to assume that real estate commercial service firms are in for a good ride this year and I expect that we will see large global firms, and boutiques as well, renew hiring activity and other organizational investments to capitalize on the recovery. This trend is going to cut across all of the business lines of these companies. Service firms are often leading indicators, and the indicator light is bright green. Cheers, and here’s to a good year!
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.
CB RICHARD ELLIS
Head of Americas Research
(BOSTON) The head of Americas research will take the lead in promoting CB Richard Ellis Americas research output through articles, client presentations and seminars, conference presentations, press interviews and business television appearances; set the strategic direction, jointly with the executive director of Americas research operations; and liaise with business line heads; among other duties.
LUCESCU REALTY
Sales and Marketing Manager
(NEWPORT BEACH, CA) The manager will prepare and issue press releases on closed transactions, company news and events; field broker calls regarding properties for sale; handle all marketing efforts for the company: oversee mailings, listing information, etc.; and negotiate ad space, ad placement, and pricing with advertisers; among other duties.
PRUDENTIAL
Deal Navigator, Affordable Housing
(NEW YORK CITY) The deal navigator will be responsible for preparing basic preliminary transaction analysis; generating high quality pricing packages and applications; ensuring smooth hand-offs to underwriting; and providing support to the closing group; among other duties.
ROSEN CONSULTING GROUP
Statistical Analyst
(BERKELEY, CA) The analyst will conduct econometric analyses; develop, enhance, implement and validate economic and real estate models in SAS environment; and develop and deploy data warehouse; among other duties.
MATTESON REALTY
Vice President, Investment Manager
(REDWOOD SHORES, CA) The VP will be responsible for identifying acquisition opportunities in assigned markets, underwriting potential new investments, making offers, negotiating purchase price, and leading internal and third-party due diligence teams to transaction closing.
COLE REAL ESTATE INVESTMENTS
Vice President, Joint Ventures
(FOUNTAIN HILLS, AZ) The VP will be responsible for building and managing a pipeline of potential joint venture and pre-buy transactions; negotiating joint venture agreements, pre-buy agreements, construction loans, development agreements and construction contracts; leading, strategizing and communicating with internal and external business partners; and developing and maintaining long term relationships and database of developers, tenants, lenders, brokers, investment bankers and investors; among other duties.
MADISON MARQUETTE
General Manager
(LOS ANGELES) The general manager will manage the day to day operations of the center in accordance with Madison Marquette's Standard Operating Procedures with a commitment to maintaining impeccable operating standards on a daily basis; establish, develop and maintain productive tenant relationships; and perform daily site inspections to assess the physical condition of the property; among other duties.
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.
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MARCUS & MILLICHAP
(FORT LAUDERDALE, FL) Marcus & Millichap is promoting Mark Straus to first vice president investments. Also, Adam Levin, Palo Alto, CA; Tammy Saia, Oak Brook, IL; Mike Regan, Tampa, FL; Peggy Smith, Washington, DC; David Thurston, New Jersey; and Mark Thomson, Philadelphia are all being promoted to associate vice president investments.
P.F. CHANG'S CHINA BISTRO, INC.
(SCOTTSDALE, AZ) P.F. Chang’s China Bistro, Inc. is promoting KC Moylan from COO to president of Pei Wei Asian Diner.
CASSIDY TURLEY
(BALTIMORE) Cassidy Turley is promoting Zubin David, Nancy Martin, Ryan O'Keefe, Andrew Faraone and Charles Wagandt to associate vice president
SL GREEN REALTY CORP.
(NEW YORK CITY) SL Green is promoting David Schonbraun and Isaac Zion have to co-chief investment officers.
MB REAL ESTATE
(CHICAGO) MB Real Estate is promoting Gary Denenberg to EVP of Leasing Services. Denenberg is also the division’s managing director.
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.
ML REALTY PARTNERS LLC
(ITASCA, IL) ML Realty Partners is hiring Shari Crivello as director. Crivello was previously employed at Colliers, Bennett and Kahnweiler, Inc.
MAGELLAN
(CHICAGO) Magellan is hiring Carmen Caringella as director of Magellan Project Services.
AVISON YOUNG
(ATLANTA) Avison Young is hiring Phil Barry as a principal.
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