Perspective The lazy, hazy crazy days of summer are drawing to an end and, given the credit-market turmoil, many are glad to move on in hopes of brighter days. Of course, the aftershocks continue, and a Wall Street Journal survey last week hinted that they may usher in a recession. Over the past couple of years, I’ve heard real estate players, those with their hands on the levers, tout their beliefs that this market is different, and that fundamentals have changed. Well, they were wrong. I’ve been in the real estate business since 1972 and have experienced multiple cycles, including the wholesale collapse of the early ’90s. The humbling perspective gained during down times should teach us something, namely, that what goes up will come down. The recent wake-up call suggests that owners, investors and developers should take stock of their bench strength and make sure that talent is in place that has this perspective. In months ahead, it’s going to come in handy.
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 | INTRACORP Acquisitions Associate (SAN FRANCISCO) The hire would be responsible for assisting the president in identifying, sourcing, underwriting and acquiring multifamily sites for development. CB RICHARD ELLIS Senior Real Estate Portfolio & Transaction Manager (SEATTLE) Position will be responsible for providing senior level real estate portfolio and transaction management services for a Fortune 50 company. The geographic responsibility is for a 12-state West area. PROLOGIS Project Manager and Forward Planner (NEWPORT BEACH, CA) Position is responsible for managing regional land entitlement projects for owned and/or acquired land for the company, and working closely with the capital deployment and construction teams on pre-development activities. SELECTLEADERS Deputy Director of Portfolio–Real Estate (WASHINGTON, DC) The District of Columbia’s Office of Property Management is currently seeking this position, which is responsible for six million sf of leased and owned real estate. | ING CLARION Financial Analyst (BOSTON) The position provides analysis and modeling of real estate investment, financing, structuring, leasing and dispositions as well as production of reporting materials to the portfolio management team. ERNST & YOUNG Manager–MAI–Los Angeles (LOS ANGELES) This position typically serves as the manager of multiple client engagement teams. The individual will participate in real estate advisory engagements in a service-oriented business environment. BERKSHIRE PROPERTY ADVISORS District Manager (LAUREL, MD) The manager is totally accountable for all property operations for the properties within their district. The purpose is to effectively manage and coordinate persons, activities and available resources. SELECTLEADERS Research Analyst–Real Estate Financial Securities (NEWPORT BEACH, CA) Green Street Advisors seeks an analyst to be located in their Newport Beach, CA, corporate headquarters. The hire will be the main support for the research group. |  Promotions | EQUASTONE (HOUSTON) Kirt Rimpela is named vice president of asset management for the Gulf Coast while Erin Suhr rises to regional portfolio manager. LOWE HOSPITALITY GROUP (LOS ANGELES) Robert J. Lowe Jr. takes over as president and COO after 15 years with the firm. He will continue as president of Lowe Destination Development, a role he assumed in 2003. AZTEC CORP. (ISELIN, NJ) Seven staff members are accorded promotions. David N. Johnson and Deborah Walsh are named principals. In other role changes, Susan Baumann becomes an associate; Carl N. Snyder, director of information technologies; and Alex Baffoe-Bonnie, Valentine Ionescu and Jaime Occhipinti, directors. WOOD PARTNERS (ATLANTA) Mark Randall becomes southeast regional partner of Wood Partners South. His former role, division partner in Atlanta, is being assumed by Jimmy Baugnon. | BPG PROPERTIES LTD (CHICAGO) Kelly Gibbel is made vice president after one year with the company as a senior asset manager. JONES LANG LASALLE (CHARLOTTE, NC) Thomas Knauf is named vice president of the corporate services group and Douglas Edwards also becomes a vice president for project and development services. KEYSTONE PACIFIC PROPERTY MANAGEMENT (IRVINE, CA) Andy Larkin rises to district manager from group coordinator. He will continue to manage a portfolio of Orange County properties. |  New Hires | EQUASTONE (DALLAS and HOUSTON) Bryan Marsh joins as senior vice president of asset management and Ron Skipper is made vice president of asset management for the firm’s newest office. Marsh most recently was a vice president in Rreef’s local office. Skipper previously was senior property manager at the Crescent. Also, the firm hired Rochelle Bundren as a regional portfolio manager for the Houston office. Bundren spent the past eight years with Dienna Nelson Augustine Co. VENABLE LLP (BALTIMORE) John Stierhoff becomes a partner in the firm. For more than a dozen years, he was counsel in the Maryland State House before entering the private sector. He most recently was with Funk & Bolton PA MEREDITH & MCGREW (BOSTON) Valerie A. Reid and Jennifer F. MacMillin begin as senior property manager and assistant property manager, respectively. Reid had been general manager of the John Moakley US Courthouse for BCMA/Urban Retail Properties. MacMillin previously was an assistant property manager for Rreef Management. EHRENKRANTZ ECKSTUT & KUHN ARCHITECTS (NEW YORK CITY) Jonathan Cohn joins the senior leadership team, assuming responsibility for the design and development of the intermodal transit station in Houston. | CB RICHARD ELLIS (WOODBURY, NY) Michael Lee and Jennifer Yao start as brokerage associates, specializing in Queens, Brooklyn and Long Island City markets. Lee most recently was an associate at Century 21 Milestone Realty II and Yao was senior reporter and editor for World Journal. LANE CO. (ATLANTA) Brian Record starts as vice president of risk management. He most recently was a risk management executive for Sunterra Corp. ING CLARION PARTNERS LLC (LOS ANGELES) Jon L. Spelke begins as senior vice president and development manager. He previously was vice president in charge of acquisitions for the Western US for Lennar Urban. FIELDSTONE RESIDENTIAL COMMUNITIES (IRVINE, CA) Gregory Hastings joins as COO from D.R. Horton Co., where he most recently was division president in San Diego. | |
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