Jonathan A. Schein
President & CEO
Real Estate Media GlobeSt.com

10/29/03: This week, at a Power Panel roundtable discussion co-sponsored by Real Estate Media and Ernst & Young, much was made of the increased overseas outsourcing of what were once safe, US-based white-collar jobs. The panel, by the way, was co-moderated by Real Estate Media editor in chief Michael Desiato and Dale Anne Reiss, global and Americas director of Real Estate, Hospitality & Construction at E&Y. Now this is an issue that will not go away and must be dealt with from both an economic and real estate aspect. Reiss put it into simpler terms: "Outsourcing is just another word for Offshoring." As the bottom line in corporate America gets better, more jobs are moving across borders. Increasingly, it seems as if this is not a jobless recovery but a domestic jobless recovery.

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SSR REALTY ADVISORS, INC.
(MORRISTOWN) SSR has named Barry Ziering as its senior director for research and strategy. Ziering will manage the firm's research and portfolio analytics group and serve on its investment committee. Previously, he was director of investor services at the firm. He has been at SSR since 2002. Prior to that, he was a vice president at Prudential Real Estate Investors.

 

STAUBACH CO.
(NEW YORK CITY) James Wenk has been promoted to director of the corporate-services division. In his new role, Wenk will oversee business development, financial analysis, market research and transactional support. Wenk joined Staubach in 1999.

 

SENIOR LIFESTYLE CORP.
(CHICAGO) Daniel Storer has been named chief financial and administration officer at this seniors-housing development firm. Storer will manage a variety of departments at the firm, including accounting and finance, risk management and information technology. He was most recently a senior vice president and managing director at Key Corporate Capital Inc.

 

NBS REAL ESTATE CAPITAL
(PORTLAND) NBS has appointed Justin Dennett as a vice president in its Bellevue, WA office. Dennett was most recently manager of investment services at Unico Properties. At NBS, Dennett will run Morrison Street Fund I LP and develop investment strategies for the company at large.

  COLLIERS SEELEY INVESTMENT GROUP
(LOS ANGELES) William J. DuBrowa and Allen Afshar have joined the firm as senior vice presidents. Both executives will manage multifamily investments. DuBrowa was most recently a senior vice president at Grubb & Ellis; he has also held senior positions at Sperry Van Ness and Bruin Associates. Afshar also joins Colliers Seeley from Grubb & Ellis, where he was a vice president. He has also served as a vice president at Charles Dunn Co.

STAUBACH RETAIL SERVICES

Chief Financial Officer- REIT

(VIRGINIA)

For more information, click here.

In this key position, the ideal candidate will direct the financial functions for a newly formed REIT according to generally accepted accounting principles, the SEC and other regulatory entities. The position requires planning, directing and evaluating the REIT's financial function and performance; advising colleagues on deal structure, tax planning and compliance issues; analyzing budgets, financial reports and financial trends; and developing and implementing financial policies and procedures. Postulant must also create a reliable cash-flow projection process and reporting mechanisms and analytics.

MASSEY KNAKAL REALTY SERVICES

Commercial Real Estate Investment Specialist

(NEW YORK)

For more information, click here.

Applicant must be able to use previously demonstrated sales ability to develop sales opportunities in several metropolitan New York City markets. Working on a 100%-commissioned basis, successful applicant will market and sell properties to corporate and high-net-worth individuals.

FTI CONSULTING

Director

(CALIFORNIA)

For more information, click here.

Ideal candidate will design and supervise research and analytics related to capital structure, operations and valuation of real estate investment properties, development projects and other entities. Applicant must also perform analyses and prepare schedules and reports on behalf of companies that are strategically dependent on real estate but which are not directly involved in ownership, production or financing.

TRIMONT REALTY ADVISORS INC.

Senior Asset Manager

(GEORGIA)

For more information, click here.

Postulant will manage debt and equity portfolio for condominium properties, including managing the repayment of debt or return for clients and investors and assessing asset performance. This position also requires consulting with other asset managers and clients on companywide condo assets, reviewing proposed transactions during initial underwriting and working with the company's market research center to spot specific markets for investment opportunities.

JOSEPH FREED & ASSOCIATES LLP

Development Manager

(ILLINOIS)

For more information, click here.

Ideal candidate will be able to use complex financial and non-financial variables to make decisions about new development projects, using previous experience on multiple residential or mixed-use developments from inception through construction and delivery. Applicant will also perform financial modeling and execute project management skills.

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