Happy Anniversary

The current economic malaise erupted one year ago this August, as I recall, and it seems like it was just yesterday. First, we thought it was simply a subprime mess affecting the residential front, but the situation slowly but surely evolved into almost a wholesale credit collapse. Now, one year later, the commercial real estate business is nowhere near a shutdown, but it is in a protracted slowdown. Nevertheless, on the hiring front, activity continues. In fact, hiring is quite active at strategic levels. We see companies hiring for new initiatives and to add bench strength. Senior capital market and investment professionals who can help sort out the dramatically changing market and help strategically prepare for emerging opportunities, albeit with very different ground rules, are particularly popular. What’s in store for the second anniversary of this mess? I expect that we’ll see renewed transaction activity, lots of workouts on the credit side and signs of life on the investment banking front as those who are left begin to gear up for a recovery.

Job Opportunities
HINESProperty Manager(LOS ANGELES) Responsibilities include providing day-to-day operations management of a property and maintaining relationships with tenants and contractors.

DUKE REALTY CORPAssistant Property Manager(HOUSTON) The company seeks a highly motivated self-starter with at least two years of commercial real estate/property management experience.

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?


© 2023 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.



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 © 2023 ALM Global, LLC. All Rights Reserved.