Two Pounds of Coffee
Last week's retreat of the Dow unnerved investors and the business community. How the market performs this week is going to be important. Yesterday's halt to the decline was a good sign that it may stabilize, at least for now. However, the decline highlights the tenuous nature of this recovery. And for the past couple of weeks the stock market has kept its eye on the sputtering US economy, and increasingly on the specter of inflation. Apparently some investors see a growing risk that prices will keep rising, even if the economy slows. A scan of recent business press indicates a general consensus that the current rise in inflation has been driven in part by the surge in commodity prices. Last weekend I did my part in the evaluation and noted that the price of a two-pound can of Hills Brothers coffee is almost twice what I paid for it last year at this time. Keep an eye on the markets over the next week or two. Let's hope it's not signaling the dreaded double-dip.
Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
TOLL BROTHERS
Managing Director
(HORSHAM, PA) Toll Brothers Commercial has an opportunity for a managing director to oversee all aspects of acquisition, disposition, development, and management of multi-family projects, suburban office space, and retail shopping centers for Toll Brothers Commercial and Toll Brothers Realty Trust.
JONES LANG LASALLE
Finance Director
(NEW YORK CITY) The finance director maintains financial and work management systems with a high degree of data integrity to ensure sound management decisions can be made through standardized reliable reporting, among other duties.
MARCUS & MILLICHAP
Hospitality Intern
(NEW YORK CITY) This individual will have the opportunity to work to side by side with a broker of the firm and assist in all aspects of the dealings with major real estate and hotel developers on a day-to-day basis.
PRUDENTIAL
Affordable Housing Financial Analyst
(NEW YORK CITY) The position will report to the associate of affordable housing originations and will assist investment professionals working with brokers and developers in analyzing and securing Affordable Housing mortgage loans meeting Prudential's investors and Prudential's credit criteria.
COLE REAL ESTATE INVESTMENTS
Property Manager, Office and Industrial
(PHOENIX) This individual will responsible for the daily activities of managing various office and industrial assets located throughout the United States.
PM REALTY GROUP
Real Estate Investment Analyst
(CHICAGO) The investment analyst will be responsible for assisting the asset management group of the client firm in the execution of its operating strategy on its national real estate investment portfolio.
CB RICHARD ELLIS
Operations Manager
(HAYWARD, CA) The operations manager oversees the operations and maintenance for a 2.7-million-square-foot industrial portfolio, performs site compliance inspections/reports and coordinates corrective actions, and identifies, directs and coordinates capital improvement projects and cost analysis.
PIEDMONT OFFICE PROPERTY TRUST
Senior Property Accountant
(WASHINGTON DC) The position supports property management as an accounting resource providing positive and timely client service and performs property monthly closings in a timely and accurate manner to support the timely preparation of the REIT financial information.
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
(TAMPA, FL) Marcus & Millichap Real Estate Investment Services promoted Bryn D. Merrey to vice president. Merrey currently serves as the regional manager of the Tampa office, a position he will continue to hold.
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.
CUSHMAN & WAKEFIELD
(WASHINGTON DC) Eric Berkman and Steven Gichner, joined Cushman & Wakefield as executive vice presidents. As a team at Grubb & Ellis, Berkman and Gichner ranked as the top investment sales professionals in the US in 2010 and have been top brokerage professionals in the firm since the late 1990’s.
CB RICHARD ELLIS
(LOS ANGELES) CB Richard Ellis Group hired Philip Grossberg, a veteran corporate real estate executive with more than two decades of experience, as a managing director for its client solutions practice with its global corporate services business line. Grossberg comes to CBRE from Time Warner Cable, where he spearheaded that company’s real estate operations.
TRANSWESTERN
(CHICAGO) Transwestern’s Midwest region announced today that Jim Higdon has joined the firm as vice president in the tenant advisory services group. Higdon joins Transwestern from Grubb & Ellis where he served as vice president in the office group representing many notable clients.
HUDSON REALTY CAPITAL
(NEW YORK CITY) The firm announced the appointment of Nicholas (Niko) J. Paliouras to the position of vice president, asset management. In his new role, Paliouras will be responsible for a wide range of asset management functions to achieve investment goals. Prior to joining Hudson, Paliouras was an asset manager for Gramercy Capital Corp.
AVISON YOUNG
(ATLANTA) Tonya Creekmore and Tina Harris have joined Avison Young’s brokerage operations in Atlanta. A top performer for more than 10 years at General Growth Properties, Harris will focus her efforts on in-line mall leasing. Creekmore joins Avison Young as a Principal and will focus on expanding Avison Young’s retail management and leasing platform. She was most recently vice-president, big box and peripheral land leasing/development, with General Growth Properties.
SAVANNA
(NEW YORK CITY) Savanna, a real estate private equity and asset management firm, today announced it has appointed Kevin Hoo, a former Tishman Speyer executive, as Vice President. In his new position, Hoo will manage assets in the firm’s portfolio, oversee and coordinate development, along with leasing and repositioning Savanna properties.
BPG PROPERTIES
(RESTON, VA) Anna Montemarano has been named regional portfolio manager and Mercedes Lohmann as property manager in the Washington DC Regional office of BPG Management Company. Prior to joining BPG, Montemarano was a senior property manager for First Potomac Realty Trust. Lohmann worked as a corporate facilities manager for American Institutes for Research.
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