Same Day Delivery

I was amazed when I heard that FedEx is dropping its agreement with Amazon and will no longer deliver the behemoth’s packages. FedEx has said that Amazon represented less than 1.3% of its total revenue last year, or less than $1 billion. The potentially big winner will be UPS who Amazon has to turn to because it does not have any other options, at least for now. The rub for UPS is that Amazon already represents 10% of its revenues, and additional growth will further expose UPS to unhealthy concentration with Amazon who could decide to build out its own delivery system.

The other side of this story is the lowly US Postal Service. Last Friday the USPS reported a decline in package volume for the first time in 9 years. FedEx, UPS, and other services are discounting to lure shippers to join their network and the quasi-governmental agency is losing revenue to fund operations. All of this adds up to the next bloody chapter in the ecommerce revolution, and it feels like the post office is going to be the big loser.

Job Listings

CORTLAND Investment Associate (DALLAS, TX) Associate will function as part of the Cortland Investments Department, supporting the asset management, development, and acquisition of large multifamily communities through quantitative analysis, modeling, and reporting.  

HFF, now part of JLL Investment Advisory – Analyst (CHARLOTTE, NC) Position will be focused exclusively on the sale of commercial real estate transactions. Analysts will have the opportunity to be involved in every stage of a transaction, including underwriting, market research, property tours, and preparation of offering memorandums, marketing and term sheet negotiation, closing and client meetings / events.  

BRIXMOR PROPERTY GROUP Sr. Financial Analyst (NEW YORK, NY) Senior Analyst will apply his/her skills related to budgeting, reforecasting and asset management to a portfolio of properties, providing financial analysis and support to the Financial Asset Management (FAM) Vice President and leasing Vice Presidents on portfolios of ~100 open air shopping centers consisting of ~18 million square feet. The Senior Analyst will regularly interface with members of the leasing, re/development, accounting, and property management teams.  

THE MICHAELS ORGANIZATION Development Officer (ATLANTA, GA) Duties include: reviewing and analyzing development and operating budgets and pro formas, financial statements, environmental reports, market studies, appraisals and other third party reports to help determine project feasibility; and compiling detailed financing applications for various funding programs such as LIHTC, Tax-exempt Mortgage Revenue Bond, HOME, AHP and similar programs.  

TRANSWESTERN Senior Associate/Non-Profit (NEW YORK, NY) Position will support the preparation and negotiation of term sheets and legal documents including letters of Intent, Lease, Purchase and Sale Agreements, and development agreements; assist with the creation of RFP responses and new business pitch materials in coordination with marketing; and develop and coordinate business development initiatives including nonprofit workshops and events.  

REDWOOD CAPITAL GROUP, LLC Acquisitions Analyst (CHICAGO, IL) Analyst will assist the acquisitions team in underwriting, analyzing, researching, and closing the firm’s investment transactions and support the firm’s other transaction-related assignments and the asset management team as needed.  

REGENTS OF THE UNIVERSITY OF CALIFORNIA Director, Real Estate Investments (OAKLAND, CA) Position will lead due diligence on prospective investments from beginning to end, including primary fund commitments, direct investments, co-investments, and secondaries; conduct independent fundamental research and analysis within the due diligence process to identify, evaluate, negotiate, and monitor the performance of investments in the asset class; and proactively assess risk factors and challenges that may impact the Real Estate portfolio and/or assigned investment opportunities.  

AR GLOBAL Financial Reporting (NEW YORK, NY) As part of AR Global Investments’ finance team, this individual will be a key participant in the SEC reporting group and help ensure that all SEC filings are in compliance with U.S. GAAP, as well as SEC rules and regulations.  

MADISON MARQUETTE VP, Asset Management (SEATTLE, WA) Duties include: establishing business plans pursuant to Investor objectives; executing annual goals and objectives; leading lease negotiations with retail and office tenants; and meeting with regularly the Project Team member (development, property management, operations, and leasing) to discuss progress and issues in a holistic approach to achieving the Business Plan.  

JONATHAN ROSE COMPANIES Leasing and Occupancy Manager (CLEVELAND, OH) Rose Community Management (RCM) is seeking a Leasing and Occupancy Manager whose primary focus will be to oversee all aspects of RCM Leasing and Occupancy initiatives, within the Affordable Housing Portfolio and beyond, and ensure adequate marketing materials, leasing tools, and resources are planned and provided for, while established occupancy goals are met and reporting requirements are maintained.