Around the Corner

Around the Corner
From the point of view of the long-awaited recovery, 2010 turned out to be a dud. It has been a fizzle, at best, although there were a couple of bright spots: The multifamily sector is on fire and hospitality, especially in major urban centers, is back on its feet. However, there are signs on the hiring front that 2011 may bring a much better year if current recruiting activity is a leading indicator. Investment platforms, service companies, REIT’s and private operating companies are all gearing-up senior-level hiring in anticipation of a broader recovery on the investment front. Most of the activity is geared to investment professionals (broadly defined), as well as individuals with strong capital raising track records. Investment managers that have weathered the storm a bit better, and nascent platforms that have a strong story, will need these individuals to navigate broadly across the spectrum of dormant investors, who appear to be ready to re-up with the market “reset” generally behind us. Stay turned over the next few weeks for more on how I see it, as we await the dawn of 2011.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

LEON CAPITAL GROUP
Asset Manager
(DALLAS) The asset manager will validate pro forma budgets prepared in conjunction with the potential purchase of assets; provide support to director of acquisitions in take-over of new assets, transition to new on-site management staff; monitor weekly reports provided by property management for occupancy and collections; and analyze submarket trends regularly to determine property performance relative to comparable properties; among other duties.

LUCK STONE CORP.
Land Use Development Manager
(RICHMOND, VA) The manager will be responsible for managing all real estate matters within the Northern Virginia region and geographic area, and will support Luck Stone’s business units with particular emphasis on zoning, permitting and local land use issues; among other duties.

FRANKLIN TEMPLETON INVESTMENTS
Associate – Private Equity Real Estate Fund of Funds
(NEW YORK CITY) The associate will be responsible for due diligence of prospective Asian investment opportunities; ongoing monitoring of current investments; property market analysis across Asia; portfolio management support and analytics; and ad hoc projects; among other duties.

REIT MANAGEMENT & RESEARCH LLC
Area Manager
(SAN DIEGO) The manager will supervise and select staff with responsibilities across multiple property management function areas, including fiscal operations, tenant relations and engineering/maintenance; administer and oversee daily property operations, capital projects and tenant improvement work; and be accountable for all aspects of financial oversight of the properties; among other duties.

FRAUENSHUH HEALTHCARE
Senior Vice President Leasing and Development
(MINNEAPOLIS) The SVP will lead a leasing / development team to meet pre-established leasing objectives; create and implement strategies for highly effective leasing and marketing campaigns; and collaborate with health system partners and physicians to develop leasing plans that align with client programmatic and clinical strategies; among other duties.

CONCORD EASTRIDGE INC.
Development Director – Hotel Development
(SCOTTSDALE, AZ) The director will manage complex projects; create and maintain strong relationships within the public and private sectors; and lead and support hotel development projects located throughout the US; among other duties.

BROADCOM CORP.
Senior Manager of Global Design & Construction
(IRVINE, CA) The senior manager will conduct project clarification and site survey/analysis; prepare preliminary budget, project planning, value engineering and submittal of PAR’s; meet with user groups and assess their short/long term needs; manage architect, designer, consultant engineer, contractor, and vendor; set up weekly meetings with all involved parties; and facilitate and resolve any construction related issues during the move-in phase; among other duties.

AMERICAN EXPRESS
Manager – Relationship Management
(NEW YORK CITY) The manager will develop, drive and verify implementation of all global real estate and workplace enablement initiatives in the corporate headquarters building; have oversight of the strategic alliance partners responsible for space planning, facilities management, project management, and transactions; and ensure that service level agreements and key performance indicators are met with strategic alliance partners; among other duties.

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.

SWIG EQUITIES, LLC
(NEW YORK CITY) Swig Equities is promoting Todd E. Korren to executive vice president and director of commercial leasing and operations. Korren previously served as SVP and will maintain his current role as director of commercial leasing and operations.

SKANSKA
(NEW YORK CITY) Skanska is promoting Tom Webb to general manager of the New York Metro region. Webb was formerly senior vice president of business development for Skanska’s New York and New Jersey offices.

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.

CENTERLINE CAPITAL GROUP
(TYSON'S CORNER, VA) Centerline is hiring Kevin H. Smith as a director of its mortgage banking group, here. Smith was previously the president of Blackwell Advisors.

GRUBB & ELLIS CO.
(CHICAGO) Grubb & Ellis is hiring Jonathan M. Wolfe and Jordan A. Shtulman as senior vice presidents, investment group. Wolfe joins Grubb & Ellis from CB Richard Ellis, where he was a partner. Shtulman joins Grubb & Ellis from Baum Realty Group, where he was senior vice president and leader of the investment sales practice.

COLLIERS INTERNATIONAL
(SAN FRANCISCO) Colliers International is hiring Anjee Solanki as executive vice president of retail services for the West Coast region. Solanki previously served as a senior vice president in client services for Madison Marquette.

VENABLE LLP
(WASHINGTON, DC) Venable announced that a five-attorney real estate group has joined the firm. Thomas E.D. Millspaugh, Brian N. Gurtman, and Patrick W. Lincoln are joining as partners, while Kamaal Warren Jones and Joseph W. Creech are associates.

HDG MANSUR
(LONDON) HDG Mansur is hiring Michael Baker as senior managing director and head of development in UK and Europe.

HALSTEAD PROPERTY
(NEW CANAAN, CT) Halstead Property is hiring Larry Sullivan as a broker. Prior to joining Halstead Property, Larry was most recently with Brotherhood & Higley.

MADISON INTERNATIONAL REALTY
(NEW YORK CITY) Madison International Realty is hiring Bradley Carroll as a managing director. Prior to joining Madison, Carroll was at Tishman Speyer as managing director.