Big Apple
Yesterday, Apple surpassed Microsoft as the largest US company ever measured by stock market value at $623.52 billion, and it closed today at $666.50 per share! With this news, I must admit to the worst advice I ever gave someone, and sadly it was to my son! He had just lost his $300 stake in the bankruptcy of Enron when my wife and I agreed to give him a fresh $300 to regain his confidence in the stock market. I vividly recall him suggesting that he should double down and put it all into Apple, which was trading at $13 per share. I told him he was crazy: "They are almost bankrupt!" Well okay, I was wrong. What a wonderful story Apple is. But I have a wrinkle. I pass by the Apple store in Grand Central Terminal every day and I do not bother to stop in for a look. Why? Nothing is new. I know that they are ready to issue the iPhone 5 and the new 7" iPad, but these items are not cutting edge and exciting. Alas, the nature of business is that small stealth companies come along with new approaches and fresh ideas that permit them to grow faster and supplant larger ones. Show me the next $13 play and I'm in.
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.
ROSS STORES
Senior Director of Store Design
(PLEASANTON, CA) This position will supervise, develop and retain directors and managers of store design for the timely execution of new store, expansion and remodel projects from inception, through design, to approved project documents. In addition, this position will retain continuing responsibility for store design oversight extending to project turnover and opening; develop, maintain and interpret the company's prototype store design and specifications; and assist the vice president of construction in the activities and operations of the department as assigned.
JONES LANG LASALLE
Senior Vice President - Retail Tenant Solutions
(LOS ANGELES) This leadership role will oversee all retail tenant solutions brokerage services for Southern California. Responsibilities include conducting individual brokerage transactions and recruiting and leading retail tenant solutions (RTS) focused brokers to work at the company's Southern California offices. This role will also support and enhance all other JLL Retail lines of business in Southern California including, but not limited to, agency leasing, investment sales, project development services (PDS) and property management. Reporting to the Retail Market Lead in Southern California, this position will drive the local market retail strategy as a key member of the local leadership team.
CLARION PARTNERS
Financial Analyst
(WASHINGTON, DC) Clarion Partners is seeking an acquisitions analyst to assist in the acquisition of investment real estate for its funds and separate accounts. Properties targeted will include office, retail, apartment, and industrial located in the southeastern US from Washington DC to Florida. The ideal candidate will have demonstrated experience valuing investment properties at an institutional investor, lender, REIT, brokerage or appraiser. Strong ARGUS and Excel skills are required. The position is based in Washington DC and requires occasional light travel.
BIOMED REALTY TRUST
Assistant Property Manager
(CAMBRIDGE, MA) Under general direction, this position will assist the property manager, oversee and coordinate all property management, maintenance and construction activities for the company's growing portfolio of biomedical and office properties, and provide executive and clerical support on an as needed basis. A minimum of two years experience assisting with real estate/property management with additional clerical support responsibilities required.
AEW CAPITAL MANAGEMENT
Senior Asset Manager
http://www.selectleaders.com/candidate/viewjobdetails.do?jid=25884&eid=694&sortfield=date&jobs_srch_res.offset=25&pageNumber=2&order=desc&type=doSearch&keywords=&jobsPerPage=25&location=&searchRadius=50 (LOS ANGELES) The asset manager within AEW's direct investment group will be responsible for the overall performance of the individual assets that are assigned. In this role, this position will be associated with investments from the time they are identified as potential acquisitions, through underwriting, closing, hold and eventual sale. Prior to acquisition, the asset manager will work closely with the direct investment group's acquisition team on the evaluation of a prospective deal and its underwriting. After acquisition, this position will have overall responsibility for working closely with the asset's respective portfolio manager on the investment strategy's execution.
TIAA-CREF
Manager, Real Estate Services
(NEW YORK CITY) TIAA-CREF is seeking a manager within the asset management services team to be based in New York, or Charlotte, NC. The ideal candidate will be responsible for managing various strategic initiatives across functional departments throughout the global real estate portfolio which consists of domestic and international properties valued in excess of $20 billion. Six to eight years of solid experience in accounting, finance and real estate required. A strong understanding of the end-to-end processes in real estate Investment organizations also required.
CIM GROUP
Development Analyst
(LOS ANGELES) The onsite development analyst will assist the development vice president and development manager with the day-to-day management duties of the onsite development activities through construction, closeout and pre-operation phases. The analyst shall have comparable education and direct work experience of an assistant project manager in design and construction industry. Bachelor's degree in architecture, engineering and/or construction management or other relevant degree required.
CB RICHARD ELLIS
Marketing Director
(LOS ANGELES) The marketing director will be responsible for responding to to marketing questions escalated by the field manager(s); traveling to field offices for on-site marketing training and education sessions; conducting quarterly conference calls to present latest marketing tools and resources; developing marketing templates for universal access and general use; monitoring marketing materials for brand compliance, quality, and consistency; contributing marketing materials to CBRE library; analyzing business developments and consults trade journals to monitor market trends and determine market opportunities; and planning corporate promotional activities and shows to market CBRE products and services.
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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ARBOR COMMERCIAL MORTGAGE
(UNIONDALE, NY) Arbor Commercial Mortgage announced the promotion of Matthew Nihan to originator in the company's New York City office. Nihan joined Arbor in November of 2010 as a loan origination analyst tasked with flowing new loans through all phases of the loan closing process.
MARCUS & MILLICHAP
(CHICAGO) Marcus & Millichap Real Estate Investment Services promoted Benjamin H. Firestone and David N. Gaines to associate vice president investments. Most recently, Firestone and Gaines held the title of senior associate.
CBRE GROUP
(NEW YORK CITY) CBRE Group, Inc. announced that Stuart Siegel has joined the company's Midtown Manhattan office as a senior vice president in office brokerage. Prior to joining CBRE, Siegel was an executive managing director with Grubb & Ellis New York.
AVISON YOUNG
(ATLANTA) Gail Crowder has joined Avison Young's brokerage operations in Atlanta as a principal. She was most recently with Grubb & Ellis in Atlanta where she served as a senior vice president in the tenant advisory group as well as national account manager.
JONES LANG LASALLE
(LAS VEGAS) Jones Lang LaSalle has hired Xavier Wasiak as senior vice president. Wasiak will specialize in advising tenants, landlord and investors with their industrial real estate needs. He was formerly at Grubb & Ellis.
DIVARIS REAL ESTATE
(WASHINGTON, DC) Joseph Farina was named manager of the firm's Washington, D.C. regional office. In early 2011, Farina formed Farina Real Estate Services, a full-service commercial real estate brokerage company. His primary focus has been on the sale and leasing of commercial real estate.
MADISON MARQUETTE
(WASHINGTON, DC) Madison Marquette announced the addition of Arvind Bajaj as a managing director of Madison Marquette Property Investments. Most recently, Bajaj served as executive vice president at Lightstone.
THE GOLDSTEIN GROUP
(PARAMUS, NJ) Scott Milich and Donny Moskovic have joined The Goldstein Group as sales associates. Most recently, both were at Prudential Real Estate in Pearl River, NY, where Milich served as commercial sales manager and Moskovic was director of commercial real estate
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