Home Away From Home
There is an exodus by mid-cap consultant types from expensive urban centers toward cheaper cities such as Boise, Austin, and Portland where life is good and the cost of living is comparatively affordable.
Not surprisingly, the Wall Street Journal ran a front page feature yesterday reporting that workers are leaving the largest cities in droves and taking their jobs with them. When Congress passed the tax reform act that eliminated the deductibility of state and local taxes from federal returns, it set the stage for an exodus that has yet to be fully appreciated by the high-tax states that are about to lose massive revenues, not just from the “rich” but the regular folks. To the point, the WSJ article reported that there is an exodus by mid-cap consultant types from expensive urban centers toward cheaper cities such as Boise, Austin, and Portland where life is good and the cost of living is comparatively affordable. There is a wrinkle however. What made those cities attractive will soon find that growth is a two edge sword. Just ask the folks in LA who settled there in 1965.
Job Listings
SPONSORED JOB SVN-RIG Retail Investment Sales Advisor (PASADENA, CA) Company specializing in retail investment sales based in Pasadena, CA seeks qualified real estate professionals passionate about reaching their professional and personal objectives. The SVN-RIG platform offers strong leadership, local expertise, regional and national network of professionals, effective tools, in-house mapping and demography, land use and development expertise, leasing and property management support.
LOTUS CAPITAL PARTNERS Head of Underwriting & Transaction Management (NEW YORK, NY) Lotus is seeking a Head of Underwriting & Transaction Management to focus on executing structured debt placement mandates. Candidate will work closely with the Managing Partner and a supporting team on the execution of debt, mezzanine, and equity financing mandates on large and complex capitalizations in the United States, Europe, and the Caribbean.
TRUAMERICA MULTIFAMILY, LLC Asset Management, Director (LOS ANGELES, CA) Director will be responsible for the strategic implementation of all initiatives detailed within the approved business plan and asset management oversight of their portfolio of assigned properties. Responsibility includes successful execution of the stated financial and operational goals.
STREAMLINE CFO (Philadelphia, PA) Duties include: preparing annual and monthly budgets for both P&L and cashflow, preparing monthly financial statements for review by CEO, preparing monthly reporting for all JV partners and investors, and comparing performance against industry averages, identify areas for improvement.
MADISON MARQUETTE Property Manager (HONOLULU, HI) Manager will be responsible for the operation, physical condition, and general performance of the property. Within that overall responsibility, position will supervise personnel assigned to the property and ensure the highest possible standards and efficiency of building maintenance and cleanliness.
CARDONE CAPITAL Manager of Financial Reporting (MIAMI, FL) Manager of Financial Reporting will direct and oversee the preparation and distribution of all periodic financial statements for external use. This includes ensuring reports, filings and documentation complies with company’s regulations, professional standards, and SEC and GAAP reporting guidelines.
REALOP INVESTMENTS Chief Operations Officer (SOUTH CAROLINA) COO will manage the operations of the company and all departments including asset management, property management, construction, legal, sourcing, transactions, capital markets, reporting, HR, marketing and PR.
CHINA OVERSEAS AMERICA, INC. Corporate Attorney – General Council (NEW YORK, NY) Candidate must be interested in all legal practices relating to real estate development, including corporate governance, financing, real estate acquisition, and construction and development. Primary duties include negotiating, drafting, reviewing, revising, interpreting and finalizing agreements, leases/subleases, financing assignments, construction contracts and other transactions and legal documentation as necessary.
PORT OF OAKLAND, CA Executive Director (OAKLAND, CA) Executive Director will be responsible for carrying out the policies and directives of the Board of Port Commissioners. This includes overseeing and maintaining strategic direction of the organization through the management and leadership of senior Port executives and enhancing the Port’s financial and commercial assets through strategic planning and prudent development.
THE GEORGETOWN COMPANY Head of Asset Management (NEW YORK, NY) Duties include: preparing annual property business plans with particular focus on accuracy of operations incorporating budget, leasing, and capital assumptions, reimbursement calculations, as well as a summary of the competitive landscape facing each asset; monitoring budget versus actual and understanding of any variances; and coordinating with property managers and leasing team in preparing, finalizing and implementing the property budgets.