Executive Watch

Grubb and Ellis recently issued a report, quoting the Bureau of Labor Statistics’ March jobs report, indicating that 180,000 new payroll jobs were produced that month, while the 4.4% jobless rate matched the recent low set in October. This is welcome evidence that the housing and manufacturing slumps have not yet infected the broader economy.  The general health of the economy bodes well for commercial real estate markets and implies that employment demand is going to continue unabated. We also continue to see hiring activity across every sector including the multifamily segment, which continues to benefit from weak housing sales. Overall, confidence appears to be strong, once again proof that commercial real estate is all about the fundamentals.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities SELECTLEADERS.COM (FALLS CHURCH, VA) Project Manager–Real Estate The hire will perform project management functions from feasibility to final delivery for new Great Wolf Resorts Inc. indoor waterpark resorts, as well as managing the expansion of existing resorts primarily in East Coast and Southeast market. 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 Register Now *May exclude premium content Already have an account? Sign In Now share on facebook share on twitter Trending Stories Real Estate Developers Take on a Private Equity Role Here's Where the Multifamily Market Frayed in 2020 WeWork’s SPAC Path to Going Public Raises Questions New York Office Tenants Renew With Huge Rent Savings The Rise of the Small Office Tenant   Recommended Stories   Law.com ROI of Advanced Digital Advertising: What Marketers Need to Know Brought to you by ALM Media | April 13, 2021 Join this webcast to find out how B2B marketers in the legal, financial, insurance, and commercial real estate markets are getting 3x to 6x better engagement using advanced digital advertising strategies.   5 Steps to Reduce Your Property’s Greenhouse Gas Emissions Partner Engineering and Science, Inc. | Tony Liou | April 22, 2021 For Earth Day 2021, take action by reducing your portfolio’s carbon footprint and reaching your ESG goals Resource Center White Paper Sponsored by RealPage Inc. Take Control of Your Data to Deliver More Value Stay a step ahead of the market by learning how to standardize, centralize and connect to your data to mitigate risk and enhance value with Enterprise Information Management (EIM). Browse More Resources › eBook Sponsored by dialpad Empower CRE Performance with AI-Powered, Cloud-Based Communications Learn how AI-powered, cloud-based communication can improve organization performance, reduce costs, and enhance business strategies. Browse More Resources › Report Sponsored by Walker & Dunlop Winter Multifamily Outlook Report Get the latest economic updates, market news, and trends in the multifamily space. Topics cover student housing, a spotlight on Washington, D.C. and more. Browse More Resources › 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 Follow Us On About GlobeSt Contact Us Site Map Advertise With Us Terms of Service Privacy Policy Terms of Service Privacy Policy Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.