Executive Watch

REAL ESTATE RECOVERY, INC. (VIRGINIA) Director, Real Estate Due Diligence Postulant will develop and manage real estate due diligence projects using a solid background in financial, credit and market analysis of commercial real estate and his or her prior background in managing and delivering underwriting and valuation services. This position requires performing quality control, scheduling, pricing, staffing and training tasks. The ideal candidate will have an extensive industry professional network and significant experience in developing and managing client relationships.

DOUGLAS ELLIMAN (PHOENIX) Steven Brabant has been promoted to first vice president of the firm’s Phoenix office. Brabant has more than 30 years of experience in his specialty of institutional commercial real estate and has worked in a variety of domestic and international markets. He has utilized his legal and business background in the handling of large domestic and foreign clients needs in acquisitions, dispositions, highly structural debt and equity transactions and workouts.

AVALONBAY COMMUNITIES (NEW JERSEY) Portfolio Director Applicant must be able to direct and coordinate all activities involving AvalonBay’s New Jersey portfolio, comprised of six properties, to ensure that its financial, business and customer service obligations are achieved. Ideal candidate will successfully implement corporate and regional programs as well as proactive regionally specific initiatives and strategies. Candidate must possess strong problem-solving and quantitative ability, as well as pro forma project accounting and performance-tracking experience.

COLDWELL BANKER COMMERCIAL (PARSIPPANY , NJ) Michael D. Damelio has joined the firm as manager of commercial services in northern region. In that capacity he’ll consult with individual franchisees throughout 19 states. He was most recently an associate with the Staubach Co.’s New Jersey office, where he managed transactions and provided consulting services. Prior to that, Damelio was a senior account associate at Cushman & Wakefield.

THE RELATED COMPANIES (NEW YORK) Real Estate Associate In this associate-level project management position, the ideal candidate will assist in all aspects of developing the Tuxedo Reserve and other new development sites. These tasks entail supporting entitlement work, site planning, construction, marketing, sales and start-up of operations. The position also requires performing market, site and zoning assessments and other due diligence activities. The ideal candidate will maintain and refine development budgets, cost and fiscal analyses and pro forma income statements.

FLEET (NEW YORK CITY) Maria Kastanis has been appointed senior vice president and team leader in the firm’s finance group. In this capacity, she will be responsible for managing new business development for the firm’s New York City and Long Island’s real estate finance portfolio. A 20-year veteran of the industry, Kastanis began her career at Merrill Lynch Hubbard and entered banking as a lending officer in the real estate divisions at Credit Lyonnais and KreditBank. She also worked at the Bank of New York, where she served as a vice president in the real estate lending division .

CORPORATE OFFICE PROPERTIES (MARYLAND) Property Manager This position requires applicant to handle overall management of assigned staff and properties in order to ensure that quality customer service is provided while properties operate within an economical operating constraint and within budget. Applicant will recognize, diagnose and resolve property operational problems, as well as prepare and monitor budgets.

NAI CORPORATE SERVICES (NEW JERSEY) The firm has named Rick Leighton as the newest Corporate Services Group team member. Prior to joining NAI, Leighton spent 32 years with Air Products and Chemicals Inc., where he served in accounting, sales, service-management and marketing before heading the real estate department. In that role, he was responsible for all real estate activities in the Americas for approximately 300 owned properties and 250 leases. In addition, he has managed space planning for more than two million square feet of office space. Leighton worked with NAI as a preferred real estate partner for more than 15 years while overseeing the Air Products portfolio.

FERRIS, BAKER WATTS, INC. (VIRGINIA)Real Estate Securities Senior Associate/Analyst Ideal candidate will interact with senior REIT analyst to provide maintenance research on this organization’s current cover age list as well as initiate coverage on new companies. Candidate will also identify and report on industry issues with the goal of eventually developing his or her own research coverage.