Double Dip?
On Saturday, as I was traveling back to New York City after a week away, I was jolted back to reality with headlines in the Wall Street Journal, New York Times and Minneapolis Star Tribune: “Worries Grow Over Jobs;” “Feeble Job Numbers Show Recovery Starting to Stall;” and “Job Market Stumbles Badly.” The employment stats are troubling as the government continues to shed jobs and private sector growth slows, signaling, at best, an anemic recovery. If that isn’t bad enough, we have a double-scoop of bad news on the international front as Italy joins Greece and inches into a Sovereign debt crisis, further destabilizing global financial markets. Of course on top of these serious issues, the White House and Congress continue to play their intramural games with the budget deficit. I fear that the stage is being set for the dreaded “double-dip.”
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.
JUPITER HOLDINGS LLC
Asset Manager – Real Estate Private Equity
(NEWPORT BEACH, CA) The asset manager will prepare all monthly and quarterly performance analysis, quarterly and annual property reports and the annual property business plans; monitor management and leasing strategies, and analyze competitive markets; prepare analysis of historic portfolio and property results against industry benchmarks useful in evaluating asset and portfolio performance; and prepare analysis of all leases, capital projects, or other investment decisions impacting asset value; among other duties.
MARCUS & MILLICHAP
Office and Industrial Specialist
(SAN DIEGO) As part of our continued growth and ongoing practice of strengthening our market position, Marcus & Millichap is actively enhancing our team of office and industrial specialists in select markets around the country. We offer the successful agent the independence to execute, the resources to contend, and the expertise and support to deliver the deal.
WOLLBORG/MICHELSON
Senior Accountant – Finance Reporting
(LOS ANGELES) The senior accountant will be responsible for reporting and assisting with the preparation of monthly/quarterly/annual financial reports as necessary, including the quarterly Supplemental Financial Report, earnings release and 10Q/10K; preparing supporting schedules, reconciliations and the supporting package for all reports; preparing reports required by lenders and/or joint venture partners; and financial analysis; among other duties.
RAM REALTY SERVICES
Private Equity Fund Accountant
(PALM BEACH GARDENS, FL) The accountant will comply and prepare all annual or quarterly reporting needs for fund partnerships GAAP statements; review financial statements in accordance with GAAP and FASB or other basis of accounting and analyze variances; prepare financial reporting packages for investors and senior leaders; post reports on Ram's intranet monthly and develop and distribute GAAP capital account allocations, schedules, quarterly fund performance analysis and reconciliations to senior management and investors as needed; among other duties.
THE RELATED COS.
Property Analyst
(NEW YORK CITY) The analyst will complete oversight of all real estate property management functions such as managing the day-to-day administrative and maintenance operations; extensive staff supervision; creating and implementing leasing and marketing plans; resident relations; budget preparation and financial reporting; and monitoring federal regulated compliance programs; among other duties.
COSTAR GROUP
Financial Services Director
(NEW YORK CITY) The director is responsible for managing an existing book of business, and growing revenue through the sales of CoStar’s marketing and information products to subscribers and non-subscribers within a specific geographic territory.
UIP GENERAL CONTRACTING INC.
Vice President of Operations
(WASHINGTON, DC) The VP will report directly to the senior vice president of construction cevelopment; identify, train, manage and support construction staff; work with design consultants; and assist in organizing all pre-construction and construction activity; among other duties.
MCKINLEY
Portfolio Manager (Commercial Real Estate)
(ANN ARBOR, MI) The manager will be accountable for creating and maintaining strong client relationships and representing McKinley in all commercial client interactions; creating value for our clients though the development of workout strategies for distressed assets; financial reporting and budgeting; asset management; leasing vacant space and renewing existing tenants within your portfolio; and being able to effectively communicate with clients on a regular basis.
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.
RICHARDS BARRY JOYCE & PARTNERS, LLC
(BOSTON) Richards Barry Joyce & Partners, LLC is promoting Mark Roberts and Dan Cordeiro to vice president. The two jointly direct the marketing efforts of the firm.
MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
(TAMPA, FL) Marcus & Millichap is promoting Michael A. Mele to first vice president investments. Most recently, Mele held the title of vice president investments.
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.
LINCOLN PROPERTY
(CHICAGO) Lincoln Property Co. is hiring Brian Lantz as vice president, asset management, and Shannon Mangiameli as senior design/construction manager.
BENENSON CAPITAL PARTNERS, LLC
(NEW YORK CITY) Benenson Capital Partners is hiring David P. Thomas as chief accounting officer. Thomas previously worked at Deloitte.
L. MASON CAPITANI
(TROY, MI) L. Mason Capitani is hiring Thomas Wardlow as an associate broker in the retail properties division. Prior to joining L. Mason Capitani, Wardlow served for over sixteen years as a real estate executive at Kmart Corp. responsible for the acquisition and development of new Kmart store locations throughout Michigan and the Midwest.
INTERSTATE HOTELS & RESORTS
(ARLINGTON, VA) Interstate Hotels & Resorts is hiring Julie A. Pangelinan as chief financial officer. Pangelinan previously was chief financial officer of Sunrise Senior Living, Inc.
KBS CAPITAL MARKETS GROUP
(NEWPORT BEACH, CA) KBS Capital Markets Group is hiring Christopher M. Hawn to the post of regional vice president, responsible for New York.
DERMODY PROPERTIES/DP PARTNERS
(RENO, NV) Dermody Properties/DP Partners is hiring Douglas A. Kiersey, Jr., as president of the national industrial development company. He joins Dermody Properties after 17 years with ProLogis.
COLLIERTS INTERNATIONAL
(WASHINGTON, DC) Colliers International is hiring Ann Natunewicz has joined the organization as the National Manager of Retail Research.
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