Anthony LoPinto Anthony LoPinto

Late last week it was reported that Hudson’s Bay, the Canadian retail conglomerate, initiated takeover discussions with Macy’s. Hudson’s Bay, which owns Lord & Taylor and Saks, is a little more than half the size of Macy’s with its 800 store national footprint.

The merger makes sense to me because the stage is set for Hudson’s Bay to capitalize on Macy’s woes with the one-two punch of ecommerce, its struggle to reposition, and attempts to rationalize its massive real estate holdings, create fertile ground for a paradigm shift. A consolidated enterprise marrying the two companies and three powerful brands, would provide an opportunity to develop an ecommerce 3.0 agenda to crack the code on how to reposition, retool, and thrive in an ecommerce centric world that still needs the physical presence, albeit in a new form. This agenda could be accomplished while mining Macy’s rich real estate portfolio for the next generation physical formats, while cashing out of prime real estate to help fund the makeover.

At least that’s my thesis.

Job Listings

THE METRO REALTY GROUP, LTD. Associate – Asset Management  (FARMINGTON, CT) Property portfolio comprises medical and traditional office, affordable and market-rate rental housing, and industrial assets. Duties include lease administration including creating and updating lease abstracts; assisting in lease negotiations and interfacing with tenant and landlord attorneys; and drafting new lease proposal and renewals for commercial tenants. (Sponsored Job)

BRADLEY COMPANY Senior Property Manager, Commercial Asset Services (SOUTH BEND, IN) Position will be responsible for the effective management of the commercial property management across the Northern Indiana Region assisting the Sr. Vice President, Commercial Asset Services in setting the direction to increase the value of individual properties while leading a team of property management professionals to achieve operational, financial and department performance goals.

CONCERT PROPERTIES Vice President, Development  (VANCOUVER, BC) VP will be responsible for managing and coordinating the development of mixed-use communities, and for partnering with the sales and marketing, construction, commercial leasing, property management and finance teams. Individual will be required to understand all aspects of the development process and capable of applying a professional development management approach to large, complex projects.

JLL Senior Vice President – Public Institution (Real Estate) (WASHINGTON, DC) Duties include business development, including development of new relationships and identification of new opportunities in real estate consulting for federal agencies; market and sell team’s real estate services; manage client relationships, including communications and meeting management; and lead significant client engagements.

THE SINGER & BASSUK ORGANIZATION LLC Vice President/Associate (NEW YORK, NY)  Associate will assist in the creation of financing request memorandums, preparing financial and text analysis on a wide array of real estate transactions, organizing and managing due diligence and offering materials during the marketing and closing processes, interfacing with lenders, developers, investors, attorneys, and other third parties.

ROSCOE PROPERTIES Asset Manager  (AUSTIN, TX) Manager will assist in the development and execution of asset strategies; maximize total return for each asset in the portfolio through the analysis of property efficiencies and identify opportunities for improved performance; and work closely with the Regional Operations team to provide direction for and oversight of business plans, budgets, forecasts, leases and analyses. 

CALIFORNIA BANK & TRUST Real Estate Analyst  (SAN FRANCISCO, CA) Analyst will lead underwriting efforts for construction, term and value-add commercial debt financing transactions backed by multi-family, office, industrial, and retail assets; underwriting due diligence to include analysis of cash flow, rent rolls, leases, operating history, valuation reviews, and market statistics on a micro and macro level; and coordinate financing process with other functional areas within the Company in preparation for loan closings.

PENNSYLVANIA STATE UNIVERSITY Chief Facilities Officer  (STATE COLLEGE, PA) The AVP reports to the Senior Vice President for Finance and Business and Treasurer and will be responsible for the strategic development and day-to-day management of the University’s physical space on 22 campuses. This includes University Park, the 19 Commonwealth Campuses, Dickinson School of Law, Penn State Great Valley School of Graduate Professional Studies, as well as several other locations in Pennsylvania where Penn State owns real estate and/or operates facilities.