Happy New Year
Every year on this Tuesday after Labor Day, I reflect on the fact that this is, in many respects, the beginning of the new business year. By the end of summer, the year’s results are almost fully baked, and the rhythm of the new year begins as businesses kickoff strategic planning and budgeting processes for the year ahead. This New Year begins with a weakening economy, anemic job growth, global financial chaos, and a political season that promises to be critical in how we (hopefully) begin to address a new economic reality. On the real estate front, the general economic and social situation is worrisome to say the least, so prepare to batten down the hatches; it’s going to be a wild ride this year.
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.
WOLLBORG/MICHELSON
Sec Financial Reporting Accountant
(LOS ANGELES) The accountant will assist with the preparation of monthly/quarterly/annual financial reports as necessary, including the quarterly Supplemental Financial Report, earnings release and 10Q/10K; prepare supporting schedules, reconciliations and the supporting package for all reports; prepare reports required by lenders and/or joint venture partners; and take the lead on ensuring that the required SEC reports are prepared in compliance with XBRL requirements; among other duties.
WASHINGTON STATE INVESTMENT BOARD
Investment Officer – Real Estate
(OLYMPIA, WA) The officer will review proposed real estate partnership investments and recommend the pursuit or rejection thereof. Process includes strategy overview, market underwriting, key meetings with potential partners' senior management, document review, company background research, risk and financial structure analyses, on-site due diligence, etc.; prepare and present recommendations based on findings and conclusions; and build and maintain positive communications and relationships with the management teams of the partnerships assigned to him/her; among other duties.
NEW YORK LIFE INVESTMENTS
Senior Investment Analyst
(NEW YORK CITY) The analyst must be organized and self-directed, possess a good working knowledge of commercial mortgage loan documentation, be especially strong in lease review/valuation and operating statement analysis, able to perform discounted cash flow analysis, and interact independently with borrowers, property managers, appraisers, and other real estate professionals.
EQUITY OFFICE PROPERTIES
VP of Asset Management
(DALLAS) The VP will drive the financial performance and value creation on assigned assets; oversee leasing and property operations for the assets; provide leadership to all property operation personnel and leasing teams (internal or third party) to deliver superior customer service and ensure value creation for all properties within the Region; and provide leadership to develop and maintain partnerships with the tenants, through account management and customer service initiatives; among other duties.
SELECTLEADERS
Vice President Real Estate – Acquisitions & Asset Management
(WHITE PLAINS, NY) The VP real estate will be responsible for underwriting and due diligence of each transaction including financial modeling, market surveys, tenant credit analysis, broker interviews; order, coordinate, and analyze third-party reports; generate offers for investment opportunities and negotiate and execute Letters of Understanding with prospective sellers; and work with legal counsel in the preparation and negotiation of purchase agreements, partnership agreements and related legal documentation necessary to complete the transaction; among other duties.
CB RICHARD ELLIS
Sr. Performance Analyst –CBRE Investors
(LOS ANGELES) The analyst will create and maintain databases of firm-wide statistics by fund by client, source for Performance Summary Reference Book and ad-hoc requests; communicate with investment teams and international offices to obtain information regarding clients, assets under management, transactions, portfolio composition, and projected performance returns; update marketing collateral with firm-wide statistics and performance returns; and coordinate the firm’s global schedule of acquisitions and dispositions; among other duties.
COMBINED PROPERTIES, INC.
Development Director
(WASHINGTON, DC) The director will be responsible for the re-zoning and development of existing properties for multi-family and mixed-use development, and the acquisition of new value-added retail properties; financial analysis of existing property value compared to the proposed project; working with architects to determine the most viable development plan; and meeting with contractors to determine cost, and working with government entities to obtain the required zoning and variances for the desired project; among other duties.
CORNERSTONE PARTNERS LLC
Project Executive for Multifamily Projects
(GREENWOOD VILLAGE, CO) The executive will manage market analysis and financial underwriting activities; conduct due diligence; develop design programs and manage design consultants; create and manage project schedules; and oversee preconstruction services; 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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STUDLEY
(LOS ANGELES) Studley is promoting Robert Cavaiola to 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.
SKANSKA USA
(WHITESTONE, NY) Skanska USA is hiring Rich Aquino as vice president of business development. Before joining Skanska, Rich spent over three years at URS Corporation as vice president and general manager.
SRS REAL ESTATE PARTNERS
(PHOENIX) SRS Real Estate Partners is hiring Scott Ellsworth as a senior associate in the Phoenix office.
PIRCHER, NICHOLS & MEEKS
(CHICAGO) Pircher, Nichols & Meeks is hiring Emily A. Fox as a litigation associate in its Chicago office. Prior to joining Pircher, Fox was a litigation associate at Locke Lord Bissell & Liddell LLP.
(MIAMI) The Federated Companies is hiring Gerard Yetming as vice president of Capital Markets. Prior to joining The Federated Cos., Yetming was first vice president of Investment Properties for CB Richard Ellis' Multihousing Group.
ALLIANCE RESIDENTIAL
(ATLANTA) Alliance Residential is hiring Silas Graham as managing director of development for the Southeast. Prior to joining Alliance, Graham served as the managing director of the Allen Harrison Co.
VOIT REAL ESTATE SERVICES
(IRVINE, CA) Voit Real Estate Services’ is hiring Eric Hassett as senior property manager. Prior to joining Voit, Hassett was a senior leasing property manager with RREEF/Deutsche Bank and Transwestern.
PYRAMID KONA MANAGEMENT LLC
(KONA, HI) Pyramid Kona Management LLC is hiring Steven Lindburg as area managing director and general manager of Sheraton Keauhou Bay Resort & Spa.
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