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Stress Test

The banks are not the place to find stress tests. The unsung demon of this current recession, for most of us, is stress and it involves every facet of life–business and personal. Professionals in almost every segment of the real estate business are dealing with stress at a significant level, as they watch careers derail, job security becoming an illusion or a large investment going south for lack of financing. It’s a real issue, and one not to take lightly in arduous recession, because it is around every corner. Stress symptoms may be affecting your health, even though you might not realize it. You may think illness is to blame for that nagging headache, your frequent forgetfulness or your decreased productivity at work. But sometimes stress is to blame. Indeed, stress symptoms can affect your body, your thoughts and feelings, and your behavior. When you recognize common stress symptoms, it’s critical that you deal with it because, very quietly, it can ultimately create serious and debilitating illness. I know this isn’t a terribly upbeat column, but I felt it is worth pointing out the obvious, as we continue to deal with the effects of this troubled economy. The good news is that in next week’s column, I’ll be forecasting the upturn in the new post-Labor Day business year, so stay tuned.

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.

WEBINAR ON-DEMANDJob Opportunities in a Turbulent MarketIn 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. Recorded on Tuesday, June 9, 2009, 12:30 PM ET. Cost: $59. VIEW ON-DEMAND NOW >

Job Opportunities
TRIMONT REAL ESTATE ADVISORSAsset Manager–Condo Expertise(IRVINE, CA) The asset manager will be responsible for formulating and executing deal resolutions to maximize repayment of debt or return for client-investor; assessing performance of the assets relative to original underwriting strategies or business plans, competitors, and market conditions; reviewing and approving monthly reports and quarterly property valuations; interacting with third party consultants including attorneys, title agents, brokers and sales agents, and construction consultants; reviewing and approving draw requests; coordinating asset servicing and reporting responsibilities with internal departments to ensure proper tracking and timely and accurate reporting.

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