Great News!

Our allies across the northern border are doing just fine, thank you. REITs and Public companies raised $3 billion in 2009, with 50% raised in the 4th quarter. The Canadian Banks escaped the debacle that setback the US banking system, so credit is flowing—relatively–more freely. Fundamentals remain strong in portfolios across most asset classes. The commercial office sector is okay, but more money is chasing industrial. Nevertheless, most companies remain tentative on the hiring front, but we are starting to see Canadian real estate companies “dip their toe in the water” with selective hiring. Overall, a good report card.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
FORE PROPERTY CO. Development Executive–Affordable Housing (LOS ANGELES) Fore Property Company a national multi-family development and property management firm is seeking a development executive with significant affordable housing development experience to join its affordable, tax-credit development team. Responsibilities include deal sourcing, deal structuring, project financing, and investor relationships. A minimum of five years LIHTC development and affordable housing experience required. Bachelor’s degree in Real Estate or Finance preferred but not required.

THOR EQUITIES, LLC Mall Manager (ROSEVILLE, MI) The manager is responsible for preparing property operating & capital expense budgets; maintaining expense control & increase net operating income; approving expenditures within budget for payment; and developing & implementing strategies, procedures & processes; among other duties.

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