Perspective It appears that the commercial real estate job market is as robust as ever and growing significantly, according to a report issued yesterday by SelectLeaders and Cornell University’s Program in Real Estate. The study surveyed all of the major job boards between February and April and confirmed that postings for commercial real estate jobs rose 35% during the first quarter. In a parallel survey of more than 280 executives and hiring managers, over 65% expect hiring activity to increase and compensation to rise over the next six months. The study also reported on regional and sector growth and, surprisingly, the normally lagging Midwest region was second in job growth nationally, just behind the hot Southeast markets. The increasingly strong job market mirrors the real estate market as a whole, and it is also a leading indicator. So now the question is, how much more can the balloon expand, or will it lose air or–worse yet–burst. For more insight, the entire report is available to download on SelectLeaders.com .
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 | BROOKFIELD PROPERTIES Director, Taxation (NEW YORK CITY) The hire plans and directs all aspects of organization’s US tax policies and objectives, and ensures compliance with all federal, state, and local tax regulations while working to minimize tax liability and maximize after tax profits. BRANDYWINE REALTY TRUST Regional Financial Analyst (FALLS CHURCH, VA) The hire will be involved with analyses supporting asset management, acquisitions, and development projects within the company’s expanding Metro DC regional portfolio of 4.5 million sf of class A office under the direction of the SVP and managing director. TRANSWESTERN INVESTMENT CO. Vice President (CHICAGO) The hire will work independently to conduct due diligence on assets purchased, manage the escrow closing process, and transition the asset to the Ownership Representation department upon the close of escrow, reporting to the managing director in charge of due diligence. PLUM CREEK LAND CO. Senior Manager, Marketing & Sales (NORTHERN US) The hire will develop regional sales and marketing strategies; conduct thorough market assessments, and create promotion plans to reach buyers in the retail channels for home-sites and business-to-business (BTB) channels for purchases of larger parcels. | CIM GROUP INC. Asset Manager (LOS ANGELES) The hire is critical to the management and administration of all entities, including retail, hotel and theater operations. Responsibilities include assessment, planning and implementation of strategies that ensure optimum operation and increase the asset’s NOI. SELECTLEADERS Senior Project Manager-Construction (WASHINGTON, DC) The hire will be responsible for the hands on project management of a designated project site and will manage, from cradle to grave, all activities from early design to final tenant occupancy. POTOMAC REALTY CAPITAL Loan Originator (NEEDHAM, MA) The successful candidates are proven self-starters with a minimum of two years of professional experience in commercial real estate finance or credit with a proven ability in handling large/complex commercial real estate loans. RCLCO Associate (LOS ANGELES) The associate participates in the preparation of market and financial feasibility analysis for real estate development projects. |  Promotions | SAVANNA REAL ESTATE FUND I LP (NEW YORK CITY) Edgar Benjamin Cabrera rises to senior analyst after 19 months with the firm. COLLIERS ABR INC. (NEW YORK CITY) Gary M. Rosenberg becomes principal in addition to remaining as vice president of finance. | LEXINGTON REALTY TRUST (NEW YORK CITY) Executive vice president Natasha Roberts assumes the duties of director of real estate operations. With the promotion, she will take over for John B. Vander Zwaag, who has resigned as executive vice president and head of portfolio management. |  New Hires | CSM CORP. (MINNEAPOLIS) Arne Cook is named president of commercial properties. Cook previously was managing director of the Central region for First Industrial Realty Trust. CASTLEBROOK REALTY GROUP (DALLAS) Thomas P. Ligon Jr. joins as vice president. He was the long-time leasing director for One Main Place in the Downtown, overseeing the high rise for three brokerage firms. ZAREMBA GROUP (CLEVELAND) Pamela S. Bordner-Riney starts as senior director of business development and leasing. She most recently was senior vice president and director of business development for Urban Retail Properties. CREEKSTONE MANAGEMENT (HOUSTON) Lynn Kelleher comes on board as vice president. Most recently, she was property manager for Crescent Real Estate Equities Co.’s 5 Houston Center. CB RICHARD ELLIS (OAK BROOK, IL) Joe Anthony leaves a CBRE post in Detroit to become senior vice president of office investment properties group. GRUBB & ELLIS (NEW YORK CITY) Martin Cottingham is made managing director to oversee the corporate services division for the New York region. He most recently was a managing director at Bear Stearns & Co. Also newly hired is Hank Walker, who starts as senior managing director of the office group. He was a former vice president for CB Richard Ellis. MINTZ, LEVIN, COHN, FERRIS, GLOVSKY AND POPEO (NEW YORK CITY) Jeffrey M. Schwartz joins the 480-lawyer AmLaw 100 firm. He previously was a partner in the Wolf Haldenstein Adler Freeman and Herz law firm. STUDLEY (PHILADELPHIA) Ryan Pearson joins the national law firm practice group, ending his tenure as a partner in Morgan, Lewis & Bockius LLP. | STAUBACH CO. (MURRAY HILL, NJ) Nick Kim is made senior managing director to lead a new Asian specialty group. He most recently was with Cushman & Wakefield of NJ Inc. KEYSTONE (PHILADELPHIA) Patrick Brala comes on board as senior vice president and CFO. He was vice president and CFO for AMC Delancey Group. DELOITTE & TOUCHE USA (NEW YORK CITY) David M. Jacobstein joins as a senior adviser for the real estate group after spending the past eight years as president and COO for Developers Diversified Realty Corp. CB RICHARD ELLIS (BOSTON) John Butterworth becomes senior vice president and partner in the Downtown brokerage group. He previously was senior vice president and partner at Meredith & Grew. MESA WEST CAPITAL (LOS ANGELES) Ryan Krauch joins the executive team as a principal. He most recently was a management executive for Somera Capital Management. RREEF (COSTA MESA, CA) Tim Brosnan starts as a director in the client relations group. Brosnan most recently was with Buchanan Street Partners in its institutional investment sales and investor services divisions. PENZANCE COS. (WASHINGTON, DC) Gregory B. Meyer begins as vice president and COO while Timothy H. Watkins comes on board as vice president and chief legal office, also getting a seat on the investment committee. NEPTUNE HOSPITALITY ADVISORS (SAN DIEGO and AUSTIN) Jason Clouet, joining the San Diego team, and Patrick Bajdek, leading a new office in Austin, are named managing directors. Clouet most recently was president of Allegiance Hospitality Corp. Bajdek was a former director for PKF Capital Markets Group. | |
Sign In
Sign In
Copyright © 2024 ALM Global, LLC. All Rights Reserved.