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New Year

Last year my column titled ‘Happy New Year?’ appeared on Tuesday, September 2nd, the day after Labor Day. I’ve always viewed Labor Day as the beginning of the new business year. The current year is already baked and we are all now turning our attention to budgeting and planning for 2010. Last Labor Day, I forecasted more layoffs, but predicted that the turnaround would begin before the end of the 4th Quarter. Boy, was I wrong! I, for one, am counting the days for the end of 2009, a year most will wish to forget. Looking ahead, while commercial valuations and the debt capital markets have a way to go before the turnaround, with the overall economy rounding the corner, this sets the stage for an “okay” year ahead, much better than the carnage we all experienced in 2009. So, on that high note, I wish you all a very happy new business year.

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
EQUITY OFFICE PROPERTIES VP Asset Management(SAN MATEO, CA) The VP Asset Management is responsible for forecasting income on assigned assets and identifying risks; working collaboratively with market staff to develop leasing, operating and capital strategy for the portfolio; portfolio reporting including forecasting cash flow and value creation in addition to developing asset strategic plans to support the portfolio objectives; partner with Blackstone on underwriting new opportunities at the market and project level; deal analysis and review of lease opportunities; and work with markets to enhance the value of the portfolio.

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