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  LIVE WEBINAR Job Opportunities in a Turbulent Market In today’s real estate marketplace, finding and keeping meaningful employment – whether you are a manager, developer, investor, broker, or architect – is a difficult and constant challenge. GlobeSt.com and the SelectLeaders Job Network are pleased to present this important online event to identify key job growth areas, the types of positions that are in demand, and approaches necessary to flourish in this downturn. Tuesday, June 9, 2009, 12:30 PM ET. Cost: $59. REGISTER NOW > Reliable

Minnesota’s Sam Phillips, the 2nd “official” professional hockey player in the United States–and, by the way, my wife’s father–was also the largest Chrysler dealer in Northern Minnesota’s Iron Range. Sam’s dealership, Reliable Motors, is where you bought your new Dodge Desoto or Chrysler Imperial, or any number of other chromium delights to cruise by the 10,000 lakes. Reliable is now a dusty lot, and, regrettably, there will be many, many more, as Chrysler and GM–now in Federal bankruptcy courts–shut down dealerships in all 50 states. So, what’s the good news? There will be a lot of property trades for investment brokers in commercial service firms as the shuttered dealerships–typically in great mainline locations in the Midwest–are sold and repositioned for new uses. The bad news is that we will lose a lot of entrepreneurs like Sam as Detroit is retooled.

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
AMERICAN REALTY ADVISORSSenior Acquisition Officer(LOS ANGELES) The acquisition officer will responsible for portfolio management, asset purchase identification, preferably in the mid-cap asset size range of generally $10 million to $100 million, as well as seeking out value-add and opportunistic investments.

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