Happy New Year
On this day for the past five years, I have celebrated the beginning of the new business year. Labor Day, in many respects, sets in motion the rhythm of a new business cycle, a fresh start, new agendas, and the launch of a sprint into winter and thru to spring, then finally pacing to a wind-down to next summer, when the cycle begins again. Alas, this new business year is troubling. Unemployment persists, Europe remains gravely unsettled, and we are 60 days from a Presidential vote that will be defining. Increasingly, there is a view that we are not experiencing a persistent recession; instead, we are in the midst of an economic reset that is changing the rules by which we run our businesses. I personally concur with this view, and as executives chart their course for the New Year and beyond, the winners will be those who figure out the new rules and act accordingly.
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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.
CAREONE
Construction Accountant
(FORT LEE, NJ) CareOne is looking for a Timberline experienced accountant to handle high volume A/P and assist with general ledger activities. The accountant will be responsible for job costing, general ledger account analysis, month-end close, preparing cash flow reports and budgeting and forecasting. Recent Timeberline experience required. Bachelor’s degree in accounting required with a minimum of 3 years experience also required. CPA a plus.
CB RICHARD ELLIS
Divisional Research Director
(NEW YORK CITY) The primary role of the Manhattan research director will be to ensure that the research department is strategically aligned with business development objectives of the CBRE Manhattan offices. This position will have supervisory responsibility for the research department staff, forms ad hoc research teams, utilize proprietary data and resources to support business development, and proactively connect with sales professionals at all levels as well as the sales management team to generate ideas for the constant improvement of research-related client facing materials.
PRUDENTIAL
Financial Analysis
(MIAMI) Responsibilities include coordinating, conducting and documenting financial analysis one of these business related projects: management reporting, strategic planning, expense management or competitive analysis. This position will also manage the planning and direction of departmental projects. Broad knowledge of business drivers and their financial implications to the profit center and/or business group required. Five years of experience in accounting, budget and financial planning analysis in financial services industry also required.
AVALONBAY COMMUNITIES
Development Manager
(MELVILLE, NY) This position will be responsible for managing all phases of the development of multi-family rental communities. This includes market analyses, financial analyses, site selection and budgeting, design, management of the entitlement process including presentation before municipal and other regulatory boards, and participation in the construction/lease up process. Graduate degree in business administration, finance or real estate and 3-5 years experience in the real estate development process required.
USAA REAL ESTATE COMPANY
Associate Real Estate Analyst - Investments
(SAN ANTONIO) The associate real estate analyst will provide financial analysis and technical support in valuing assets and evaluating Asset and Portfolio returns, financing alternatives, and partnership return analysis for commercial real estate acquisition or finance candidates. Specific duties include preparing detailed financial analyses, assisting with financial modeling and develop models to compare alternative investments or scenario comparisons, researching market information to incorporate prudent modeling assumptions, and assisting in market underwriting.
THE URBAN LAND INSTITUTE
Editor, Strategic Communications
(WASHINGTON, DC) Primary duties include copy editing and proofreading magazine articles, reports, policy papers, online content, brochures, and other ULI materials through all stages of production to publication; and managing the production of reports and books as assigned by the senior editor. Other duties include editing and proofreading articles, headlines, and captions for Urban Land magazine, with attention to logic, organization, redundancy, grammar, and style; managing documents from manuscript stage to publication; copy editing and managing the production cycle of reports, panel reports, and policy papers, as assigned; working with authors, project directors, and layout artists to keep projects on schedule and error-free; and managing several annual reports from manuscript stage through proofs to publication.
THE PRAEDIUM GROUP
Associate - Investor Relations
(NEW YORK CITY) The associate-level candidate will oversee Praedium’s investor and external communications. This position will report directly to the Managing Director in charge of marketing and investor relations. Primary responsibilities include: developing and executing investor relations plan; overseeing investor and consultant communications; coordinating with investment and financial control staff in responding to investor inquiries; organizing investor and advisory board conferences and preparing materials; assisting with preparation and distribution of financial reports; managing circulation of capital call and distribution notices; and managing public relations effort and coordinating with external P.R. firm.
WATERMARK CAPITAL PARTNERS
Divisional Research Director
(LAKE FOREST, IL) The company is seeking candidates to work with acquisition and asset management teams to evaluate, underwrite, acquire and work with our third-party managers to maximize the performance and related value of Watermark’s lodging and lodging related assets. Candidates will also participate in other activities such as portfolio analysis and reporting. One to three years of professional experience focused on either lodging asset management, investments, brokerage or consulting required.
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.
CBRE CAPITAL MARKETS
(CHICAGO) CBRE Capital Markets announced that John Parrett has been promoted to vice president in the Debt and Equity Finance Group. Since joining the team in 2006 Mr. Parrett has been involved in over $1.6 billion of commercial real estate financings.
MOODY RAMBIN
(HOUSTON) Kurt Kistler has joined Moody Rambin as a senior associate in the Office Services Owner Representation group. Prior to joining Moody Rambin, Kurt closed over 560 transactions totaling 2.3 million square feet.
FARIS LEE INVESTMENTS
(IRVINE, CA) Faris Lee Investments named Michael Ward director. Ward had recently worked as vice president, director of acquisitions for Centro Properties where he was involved in the acquisition and closing of nearly $9 billion dollars of retail properties across the country.
RCLCO
(BETHESDA, MD) Paige Mueller joined RCLCO as managing director and director of its Institutional Real Estate Advisory Services. Previous to joining RCLCO, she was a senior vice president at GIC Real Estate.
HUNT MIDWEST REAL ESTATE DEVELOPMENT
(KANSAS CITY, MO) Hunt Midwest Real Estate Development, Inc. has hired Ryan Tompkins as manager of sales and leasing and Chris Reasoner as manager of construction and maintenance. Tompkins was an account manager at Dental Services Group; Reasoner was an estimator for both the Weitz Group and Harris Construction Company.
NATIONAL VALUATION CONSULTANTS
(MORRISTOWN, NJ) Andrew Sabatini recently joined National Valuation Consultants' (NVC) Real Estate Advisory Services group as a senior vice president. Prior to joining NVC, Sabatini was a director of valuations at Prudential Real Estate Investors.
SPECTOR GROUP
(NEW YORK CITY) The company announced that Ginger Dolden has joined the firm as director of marketing in the New York City office. Dolden joins Spector from Abel Bainnson Butz in New York, where she served as marketing coordinator.
HFF
(SAN DIEGO) HFF announced that Scott Hall has joined the firm as a managing director in its San Diego office. Prior to joining HFF, Hall worked for Lowe Enterprises as a vice president in the Hospitality Group.
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