Search
 

Why Development Positions Are in Demand Now

NEWPORT BEACH, CA—Construction and development executive searches are on the rise, and it has much to do with where we are in the real estate cycle and the health of the industry, RETS principal Kent Elliott tells GlobeSt.com EXCLUSIVELY.

Elliott: “They want to make sure if they’re making a move it’s the right move to where they’re going to be long term.” Elliott: “Each time we flip the calendar, we continue to handle more of those searches and close the ones we started in previous months.”

NEWPORT BEACH, CA—Construction and development executive searches are on the rise, and it has much to do with where we are in the real estate cycle and the health of the industry, RETS Associates principal Kent Elliott tells GlobeSt.com. According to the firm, the number of executive searches it has conducted for construction managers/VPs and development managers/VPs in 2016 in on pace to exceed the totals for each of the previous two years.

For construction manager/VP positions, the firm conducted 24 searches in 214, 22 in 2015 and has conducted 11 thus far in 2016. For development manager/VP positions, RETS conducted 10 in 2014, nine in 2015 and has already conduced 10 so far this year. We spoke with Elliott about this data and what he believes it indicates about the state of the CRE industry.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.