More Work, Less Pay
SelectLeaders Job Network, the industry’s leading job site for professionals published its 2011 hiring & compensation forecast last week, and the results confirm what most of us believe--or at least hope for in the year ahead. SelectLeaders reported a 180-degree turnaround in the outlook with the majority forecasting a better year ahead. Expectations for compensation were also looking up with nearly 50% expecting an increase in compensation. But the rub is that 85% of the respondents are doing more work for less pay. Not surprising, but I expect that the trend to broader roles and fewer people for the foreseeable future will be the norm. But then again, we are lucky to have a job!
Survey results on Globest.com’s Career Center.
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.
THE HUTENSKY GROUP
Senior Real Estate Professional
(HARTFORD, CT) The candidate will contribute to the development and execution of investment strategy, acquisitions, and value-add asset management. The candidate will become part of a dynamic, growing private real estate investment fund manager with an established platform with high growth potential; among other duties.
BURNSFIELD GROUP
Design, Construction and Project Management, Senior Program Manager
(KUALA LUMPUR, MALAYSIA) The manager will be responsible for creation of project development work plan tools, policies, guidelines and processes related to global design, construction and project management; lecture/public speaking, communications and training related to complex design, construction and project management issues; project leadership on complex design, construction and project management issues and strategies; among other duties.
PRUDENTIAL
Director, FHA Originations
(ATLANTA) The director will act as the central point of contact for borrowers, intermediaries and internal team members; manage all aspects of loan origination process, including presentations to senior management, debt structuring, pricing strategy, transaction negotiation; develop and cultivate high quality relationships with new prospects, while maintaining and building enduring relationships with existing institutional clients; and develop and maintain relationships with HUD/FHA Offices; among other duties.
JONES LANG LASALLE
Real Estate Associate
(SAN ANTONIO) The associate will advise military and other government clients on all aspects of large-scale housing privatization projects; half time spent supporting housing privatization operations; review operating plans as part of the due diligence process, negotiations or ongoing operations management and compliance oversight; develop or update training materials for stakeholders in the housing privatization program; and provide training at various Air Force installations in the US; among other duties.
DRA ADVISORS LLC
Property Accountant
(NEW YORK CITY) The accountant will be responsible for accounting, reporting and due diligence for acquisitions, dispositions and financing activities for a diverse portfolio of retail, office and multi-family properties located throughout the US; preparing quarterly reports to investors, review annual property budgets and CAM reconciliations, calculate property level dividend distributions and returns, and review monthly property reports; among other duties.
CANTOR FITZGERALD
CMBS Transaction Manager
(NEW YORK CITY) The manager will be responsible for managing the pipeline of loans generated by the Bethesda managing director; evaluation of loan requests; underwriting and loan sizing; generating the internal credit review and loan approval process; and coordinating loan closings; among other duties.
GRUBB & ELLIS
Vice President of Construction
(DALLAS) The VP will conduct all business in accordance with company policies and procedures; manage all aspects of the structures, facilities, processes and procedure for Grubb Ellis Residential Management; and monitor compliance with building and safety codes, and other regulations, including permits and licenses; among other duties.
HOLLIDAY FENOGLIO FOWLER, L.P.
Real Estate Analyst
(LOS ANGELES) The analyst will prepare commercial mortgage loan/sales packages for presentation to lenders and buyers; respond to lender and borrower questions; work with Production Coordinator on loan requests; and coordinate information regarding market data, occupancy data, expense analysis, aerials, maps, and rent/sales comparables; 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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HEI HOTELS & RESORTS
(NORWALK, CT) HEI Hotels & Resorts general managers is promoting Julie Cashin, Sheraton Crystal City Hotel; Bob Krol, The Westin Philadelphia; Ryan McCarthy, Embassy Suites Tysons Corner; and David Fabian, Embassy Suites Philadelphia – City Center; all to general manager.
NORTHMARQ CAPITAL
(BALTIMORE) NorthMarq Capital is promoting Nancy Ferrell to managing director in the Baltimore Regional Office.
CB RICHARD ELLIS
(PHOENIX) CB Richard Ellis is promoting Bryan Taute to the position of senior vice president and Greg Mayer and Scott German to the position of vice president.
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.
TPG CAPITAL
(SAN FRANCISCO) TPG Capital is hiring Avi Banyasz, a former Westbrook Partners managing principal. Banyasz will be responsible for developing a real estate program within TPG working along side of Kelvin Davis who heads-up North American buyouts for the firm. Banyasz was most recently with New York-based Westbrook for 13 years and led the firm’s New York City acquisitions group.
HREC
(TAMPA, FL) HREC is hiring Jaimin Patel as a vice president in the Tampa office. Jaimin previously served as a senior associate with Marcus Millichap.
JONES LANG LASALLE
(BOSTON) Jones Lang LaSalle is hiring Thomas J. Kent as executive vice president.
COLLIERS INTERNATIONAL
(NEW YORK CITY) Colliers International is hiring Philip Amarante as a senior managing director. Prior to joining Colliers International, Amarante spent twelve years with the midtown Manhattan office of Cushman & Wakefield.
CB RICHARD ELLIS GROUP, INC.
(CHICAGO) CB Richard Ellis Group, Inc. is hiring Ron Lakin as senior vice president, brokerage services- landlord representation. Lakin comes to CBRE from Transwestern, where he served as senior vice president in the firm’s agency leasing group.
GRUBB & ELLIS CO.
(STAMFORD, CT) Grubb & Ellis Co. is hiring Patrick Bisceglia as managing director, Investment Services and Andrew Carney rejoined the company as director, office group.
NATIONAL MULTI HOUSING COUNCIL (NMHC)
(WASHINGTON, DC) The NMHC is naming Danielle Morris James for the PAC Director position. She most recently served as director of Political Mobilization for the American Chemistry Council.
CSM CORP.
(MINNEAPOLIS) CSM Corporation is hiring Paul Sevenich as vice president of commercial leasing. Prior to joining CSM, Sevenich was the VP of leasing and marketing for Kraus-Anderson Realty Co.
NAI WELSH
(MINNETONKA, MN) NAI Welsh is hiring Larry Chevalier as vice president in the office brokerage division. Larry most recently served as senior vice president at Cassidy Turley.
GEORGE SMITH PARTNERS
(IRVINE, CA) David Stepanchak has re-joined George Smith Partners.
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