Perspective

Grubb and Ellis recently issued a report, quoting the Bureau of Labor Statistics’ March jobs report, indicating that 180,000 new payroll jobs were produced that month, while the 4.4% jobless rate matched the recent low set in October. This is welcome evidence that the housing and manufacturing slumps have not yet infected the broader economy.  The general health of the economy bodes well for commercial real estate markets and implies that employment demand is going to continue unabated. We also continue to see hiring activity across every sector including the multifamily segment, which continues to benefit from weak housing sales. Overall, confidence appears to be strong, once again proof that commercial real estate is all about the fundamentals.

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

SELECTLEADERS.COM
 (FALLS CHURCH, VA) Project Manager–Real Estate The hire will perform project management functions from feasibility to final delivery for new Great Wolf Resorts Inc. indoor waterpark resorts, as well as managing the expansion of existing resorts primarily in East Coast and Southeast market.

ING CLARION PARTNERS
(NEW YORK CITY) Acquisitions Associate The person hired will evaluate investment opportunities consistent with client-specific and general firm investment criteria, with a main focus on existing, value-add, and to-be-developed office, industrial, retail and multifamily properties.

CREDIT SUISSE
 (NEW YORK CITY) Product Chief Operating Officer This person will work with a variety of front-office and back-office groups in support of the AEP and US Cash businesses.

TRIMONT REAL ESTATE ADVISORS
 (IRVINE, CA) Asset Manager Manage debt and equity portfolio of properties from inception to resolution, with responsibilities such as formulating and executing deal resolutions to maximize repayment of debt or return for client-investor.

CNL FINANCIAL GROUP
 (ORLANDO) Sr. Vice President, Acquisitions Responsibilities include leading the acquisitions efforts, creating new relationships with potential real estate partners, real estate brokers, developers and/or property investors, and developing and managing portfolio strategies.

AIMCO
(BRAINTREE, MA)
Director of Marketing–East Division This individual will lead and support the marketing efforts for the East Division, working with operational leaders to implement marketing strategies for various and unique properties throughout the Northeast.

JONES LANG LASALLE
(CHICAGO) Financial Analyst–Strategic Investments Group The hire will provide assistance for the group formed to make controlling investments in real estate-related companies, acquire commercial real estate assets in niche markets, and form joint ventures with developers and operators of non-traditional commercial real estate assets. 

ERNST & YOUNG
(NEW YORK CITY) Senior Advisor–Hospitality Transaction Real Estate The hire will oversee the technical and business aspects of multiple advisory projects with a focus in hospitality real estate.
Promotions

CROSLAND
(CHARLOTTE, NC) Todd Mansfield, president and CEO, takes over as board chairman, replacing John Crosland Jr. who is retiring after 50 years. Crosland will continue as chairman emeritus and chairman of the firm's foundation. Also, board member Paul Leonard has been named presiding director. John Crosland III continues as vice chair.

REALTY CAPITAL PARTNERS
(COLLEYVILLE, TX) Donna Arp rises to co-CEO and chairman of the board from president and COO. Company founder Richard Myers will be co-CEO and president.

HALL FINANCIAL GROUP
(FRISCO, TX) Michael Jaynes becomes president of Hall Structured Finance Inc. Jaynes also is senior vice president of Hall Financial Group.

CB RICHARD ELLIS
(HOUSTON) Aaron Howes rises to first vice president after eight years with the company.

MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
(LAS VEGAS) John Vorsheck is named regional manager of the Las Vegas office after five months as sales manager in the Newport Beach, CA office.

COLLIERS INTERNATIONAL
(SOUTHFIELD, MI) Dennis J. Dilworth is made vice president of business development.
New Hires

SILVERSTEIN PROPERTIES
(NEW YORK CITY) Sol Levitin joins as senior vice president in the acquisitions department to co-lead the Merto Fund, a partnership with CalSTRS. He previously was managing director at the Kaufman Organization.

GVA WILLIAMS NEW JERSEY
(PARSIPPANY, NJ) Ward Greer starts as senior vice president in the office group, assigned to central and northern New Jersey. He previously was with CB Richard Ellis.

QUINLAN PRIVATE GOLUB
(WARSAW) Andrzej Lezanowski and Witold Stochel are hired as acquisitions adviser and senior project manager, respectively. Lezanowski previously worked for Epstein Sp. z o. o. as a project manager while Stochel, also a former project manager, had been with Tesco Polska Sp. z o.o.

JONES LANG LASALLE HOTELS
(CHICAGO) Ted Tomaras becomes COO for the Americas region. He has held numerous management positions in financial reporting and investor relations for the former Trizec Properties Inc.

INLAND REAL ESTATE SALES
(OAK BROOK, IL) Joe Spadoni is added to the office leasing division, getting responsibility for a three-member team. He most recently was member manager and managing broker for GAIN Realty LLC in Naperville, IL.

MB REAL ESTATE
(CHICAGO) Laura A. Quayle starts as vice president in the corporate services division, assuming a lead role to expand the suburban portfolio. Most recently, she was leasing director for Millbrook Real Estate.
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Anthony J. LoPinto

Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.