Clunky Programs
I decided a couple of days ago that the world does not need another commentary about Steve Jobs, so for the past couple of days I have been rummaging around for another topical issue on the real estate front for this week’s column. That was until I read an article that included sentimental comments, and a personal reflection about Jobs, by Bill Gates. It made me wonder how Gates feels today. Does he wonder if the world will idolize him when he passes on? Surely he does, and he’ll certainly get front cover coverage in the world’s press. Yes, he’s brilliant, perhaps more brilliant than Jobs, and yes, Gates will forever be remembered. Yet Steve Jobs transformed our world and improved our lives. Gates capitalized on a technology transition, and alas, in the end, provided us with a bunch of clunky programs. Jobs left us with perfection.
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.
ESSEX PROPERTY TRUST
Asset Management Analyst
(PALO ALTO, CA Palo Alto, CA) The analyst will be an integral member of the Asset Management team. Responsibilities include: Research and present market and economic fundamentals and emerging trends relative to firm's property sectors and projects; industry analysis, portfolio and property-level research projects; perform financial analysis/modeling, including cash-flows analyses and valuations; and support the investment process in analysis, underwriting and preparation of investment materials both for internal and external constituents.
KBS REALTY ADVISORS
Investment Analyst
(PALO ALTO, CA Palo Alto, CA) The analyst will be an integral member of the Asset Management team. Responsibilities include: Research and present market and economic fundamentals and emerging trends relative to firm's property sectors and projects; industry analysis, portfolio and property-level research projects; perform financial analysis/modeling, including cash-flows analyses and valuations; and support the investment process in analysis, underwriting and preparation of investment materials both for internal and external constituents.
GREENSTREET REAL ESTATE PARTNERS
Real Estate Manager – Western Region
(MIAMI) Candidates may be based in California or Miami, depending on their situation and preference. The primary responsibility of this position will be the asset management of a portfolio of single-tenant assets within a designated geographic territory. The Real Estate Manager will assess and monitor the real estate portfolio and associated markets and advise upper management as to matters related to the portfolio. Key responsibilities include site visits and market tours, lease negotiations from both a tenant and landlord perspective, coordination of asset sales and redevelopment projects and due diligence for potential acquisitions.
HEALTHCARE TRUST OF AMERICA
Acquisitions Manager
(SCOTTSDALE, AZ) Reporting to the Executive Vice President of Acquisitions, the successful candidate will: Identify and report acquisition opportunities by maintaining relationships with real estate transaction brokers and advisors focused on medical office buildings; underwrite and negotiate medical real estate transaction opportunities under direction of supervisor; prepare financial models for real estate acquisitions, including detailed cash flow, FFO, and return analysis; manage underwriting and due diligence on acquisitions, including coordination and oversight of third-party due diligence; and prepare financial models and projections, detailed financing memorandums and presentation materials.
EQUITY OFFICE PROPERTIES
Manager of Asset Management
(DALLAS) The Manager-Portfolio Management will develop financial models and perform analysis to support the strategic planning process, capital planning, acquisitions and dispositions. The successful candidate will be responsible for combining external market data with internal portfolio data into actionable information that provides a means of comparison for decision-making. The position will provide reporting, analysis, and presentations to the senior leadership team to support decision making and strategic direction.
FORTRESS INVESTMENT GROUP LLC
Real Estate Acquisitions Analyst
(LOS ANGELES) The Real Estate Acquisitions Analyst will: Analyze real estate investment opportunities within the Credit Fund business; assist in structuring and closing new investments; maintain knowledge of financial markets and competitive trends; develop cash flow models; create one-page transaction summaries and investment memoranda; and support portfolio risk management team.
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CITY OF NEW YORK
Director, Private Equities
(NEW YORK CITY) The Bureau of Asset Management is responsible for oversight of the investment portfolio of the City’s five pension systems. This $100-billion portfolio is managed primarily by external investment managers and is invested largely in publicly traded securities, with growing allocations to private equity and real estate. The Director will monitor investment activity of Private Equity and similar assets with current commitments of more than $10 billion.
JONES LANG LASALLE
Manager, Corporate Finance and Net Lease
(ATLANTA) the firm is seeking a Managing Director to lead our Corporate Finance and Net Lease team in Atlanta. Primary responsibilities include: Generating, managing and leading achievement of CFNL revenue and profitability; creating a high-performance environment by communicating the vision and inspiring key stakeholder groups to action by serving as a role model, demonstrating solid work ethic, personal integrity and the pursuit of excellence; and leading, fostering and facilitating an environment that operates in a collaborative manner, instills the corporate values of client and firm first, and leverages both individual and team expertise.
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.
JONES LANG LASALLE
(PITTSBURGH) the firm has promoted Nick Jacobs to National Director, Corporate Solutions. Jacobs has oversight for more than 20 million square feet of transaction activity and represents multiple Fortune 500 occupiers in 37 countries around the globe.
CBRE
(CLEVELAND) Steve Hryszko is now first vice president of the firm. A member of CBRE since 2006, Hryszko is also senior member of CBRE’s National Self Storage Advisory Group. In his new role he will be focusing on growing the self storage business and servicing large national and regional institutional owners as well as local clients.
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.
COLLIERS INTERNATIONAL TAMPA BAY
(CLEARWATER, FL) Colliers International Tampa Bay is hiring Mia Jarrell as a managing director, Office Services, where she will focus on tenant representation and landlord representation for office users and owners. She was previously with Grubb & Ellis.
CBRE
(Akron, OH) Susan Lines comes over to the firm from Mogen Real Estate Co. In her new post as senior associate, Lines will be involved in leasing, buying and selling all types of commercial properties. Prior to her time with Mogen, she was in the retail jewelry industry.
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