Cloudy Forecast

Last week, Globest.com performed a Quick Poll asking for a staffing outlook, the results of which were rather gloomy. Of the 283 people who participated in the poll, only 30% stated that they would add staff by December, while 35% were fearful of retaining their jobs, and an equal number foresaw a flat staffing environment. However, I felt more upbeat after reading Beth Hayden’s (SVP for Human Resources at JLL) counter-point column, where she presented a rather bullish hiring forecast for the year. JLL is among a group of firms that are active in the corporate outsourcing business, and it’s not surprising that corporate America is increasingly shedding staffing costs and handing over their real estate to the likes of facilities management firms. However, during uncertain economic times, outsourcing is not limited just to corporations: we see many companies making decisions to outsource key functions such as property management, asset management, accounting and payroll functions. So, the bottom line is that, there is growth even in a market that is in a downward cycle; just a different kind and in different places.

Job Opportunities
SELECTLEADERS Senior Investment Officer (NEW YORK CITY) The hire will establish and manage a New York City office and will originate and close investments for the firm’s mezzanine loan fund. POTOMAC REALTY CAPITAL Director, Underwriter (NEEDHAM, MA) Reporting to the SVP, this director is the most senior member of the underwriting team. CUSHMAN & WAKEFIELD Senior Financial Analyst–Investment Sales (TAMPA) The analyst will perform property valuation analyses on prospective acquisition / disposition property targets, existing building, and land purchase opportunities. CB RICHARD ELLIS Regional Strategist, Bank of America Corp. (CHARLOTTE, NC) Support strategic and portfolio planning activities, including developing enterprise, geographic and line-of-business focused master plans for internal Bank of America clients. HINES Asset Manager (SEATTLE) Responsibilities include providing leadership with respect to the asset management of existing and future properties, underwriting and review potential acquisitions, act as a key interface between an asset’s owner and Hines senior regional personnel, and more. EDAW INC. Senior Urban Planner (DENVER) This position would be responsible for the development of solutions to policy and physical planning problems, with specialized skill and experience in city planning and urban design. SELECTLEADERS Analyst/Associate (GREATER HARTFORD, CT) This hire will assist with developing underwriting assumptions through an integrated review of market data, financial reports and legal documents, analyze investments using various valuation techniques including discounted cash flows, comparable property analysis, replacement cost analysis and precedent transaction analysis, and more. ZURICH ALTERNATIVE ASSET MANAGEMENT LLC Senior Portfolio Manager (NEW YORK CITY) The manager will be responsible for a portfolio of directly owned properties valued at about $300 million and composed of 23 properties in 13 markets, totaling about two million sf.
Promotions No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.
HOPKINS REAL ESTATE GROUP (IRVINE, CA) Jeffrey H. Hopkins is named vice president of leasing after seven years with the firm. He previously was development manager and senior leasing manager. STUDLEY (LOS ANGELES and NEW YORK CITY) Michael Weiss is promoted from corporate managing director of the Southern California Financial Group to senior managing director. In New York City, Jason Perla and Scott Weiss rise to managing directors from associate directors. GVA WILLIAMS NEW JERSEY (PARSIPPANY, NJ) Jamie Drummond moves to vice president after previously serving as assistant vice president. He joined the company six years ago. CB RICHARD ELLIS (WAYNE, PA and PHOENIX) Richard Warren is named first vice president in the Pennsylvania office and Phoenix’s Mark Bauer, also the leader of the firm’s technology practice group, rises to senior vice president. In addition, one broker in each office rose to vice president. OPUS NORTH CORP. (CHICAGO) Daniel Queenan assumes an executive vice president’s role, getting oversight for Columbus, Cincinnati and Indianapolis in addition to Chicago and Milwaukee. He joined the company as vice president and general manager of real estate and construction operations in Chicagoland. ROYALTON REAL ESTATE CAPITAL (DALLAS) James C. Crigler is promoted to senior vice president. He joined the firm as a vice president. EDWARDS & ZUCK (NEW YORK CITY) Lok Yoon moves up to principal of the firm. He has been with the firm since 2005. DARWIN REALTY & DEVELOPMENT CORP. (CHICAGO) Patrick Shannon and Adam Haefner are promoted from associate. MASSEY KNAKAL REALTY SERVICES (NEW YORK CITY) Christopher Phillips becomes an associate to broker Robert Shapiro covering the Washington Heights and Sugar Hill areas of Northern Manhattan. Phillips started at the firm as an intern. COLLIERS INTERNATIONAL (PHOENIX) Gregory P. Hopley is promoted to executive vice president, office and industrial properties. Darren Tappen is promoted to vice president, office, industrial and land development. In addition, Brian Woods is promoted to associate vice president, retail properties. DAVIDSON HOTEL CO. (MEMPHIS) Michael McCurdy moves up to regional vice president-operations and Edward J. Buckley becomes general manager of the Renaissance Chicago North Shore, a position McCurdy previously held. Buckley previously was general manager of the Doubletree O’Hare-Rosemont near Chicago. CUSHMAN & WAKEFIELD (EAST RUTHERFORD, NJ) Jose Cruz climbs to executive director after 14 years with the company, earning recognition as its youngest partner in the metropolitan-area capital markets group. He started as a research services’ analyst in the mid-1990s. KEYSTONE PACIFIC PROPERTY MANAGEMENT (IRVINE, CA) The firm promotes Rob DeCanter to community association manager. CUSHMAN & WAKEFIELD SONNENBLICK GOLDMAN (NEW YORK CITY and SAN FRANCISCO) Dave Karson and Daniel B. MacDonnell earn managing director titles. Karson joined the New York City team in 2003 and MacDonnell moved into the San Francisco office in 2005. ROBERT K. FUTTERMAN & ASSOCIATES (NEW YORK CITY) Karen Bellantoni becomes executive vice president and partner. Formerly senior vice president, she started in 1999 with the company. PIRCHER, NICHOLS & MEEKS (CHICAGO) The firm promotes Pablo L. Petrozzi to partner in the real estate department. The attorney has been with the firm since 2003, starting as an associate. RTKL (BALTIMORE) A 25-year industry and US Army veteran, Tony Whaley becomes vice president. He is a senior telecommunications consultant in the firm’s special systems design group.
New Hires No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.
URSTADT BIDDLE PROPERTIES (GREENWICH, CT) Joanna Rotonde is hired for the newly created position of acquisitions manager. She previously was associated with Prudential Rand Commercial Services in White Plains. Spencer Cohen is also hired as senior leasing associate. He was most recently with Procida Construction. PDC PROPERTIES (SACRAMENTO) Jennie Reno is appointed Southern California asset manager for industrial, retail and office facilities managed by the property management affiliate of Panattoni Development Co. Prior to joining the company she was regional manager for Majestic Realty Co. COHEN & PERFETTO (NEW YORK CITY) The real estate law firm expands its practice with the addition of Stephen A. Linde as its newest partner. Before joining the firm, he served as senior counsel for Holland Knight LLP. COLLIERS ARNOLD (CLEARWATER, FL) Kimberly E. Lamb joins as director of retail services. She comes to the company from CB Richard Ellis where she was vice president of property management for the North Florida region and director of retail services for the state. CRESAPARTNERS (BOSTON) Ivy McArthur comes on board as project manager in the Boston office. She previously served in New York City as project manager at Tiffany & Co. HEERY INTERNATIONAL (LOS ANGELES) Kenneth F. Fisher Jr. joins as senior project manager. He will manage construction for the Los Angeles Unified School District’s Region 2. Prior to his recent retirement from the US Army, Fisher served as deputy director of the Provincial Reconstruction Team in Baghdad. REALTY ASSET MANAGEMENT (TAMPA, FL) Matthew Heikkinen is hired as an investment adviser. Most recently he served as business development manager at Washington Mutual’s 1031 Exchange division. CARROLL MCNULTY & KULL (BASKING RIDGE, NJ) Catherine Pignataro comes on board as an associate with trial experience in insurance defense. Prior to joining CMK, she was a trial attorney with the law office of Jenna R. Belil. MEYERS BUILDER ADVISOR (DOWNERS GROVE, IL) Lance Ramella is hired to lead the firm’s newest office as principal and Mary Lisa Wahlfeldt is hired as managing director. Ramella previously served as senior managing director of Hanley Wood Market Intelligence. Wahlfeldt most recently worked as regional sales director for Hanley Wood Market Intelligence. COLE COS. (PHOENIX) Jeffrey Simpson joins as senior vice president of investments. Prior to his new position, Simpson was principal at Kaizen Property Development Corp. and Victoria Properties Management. WHITESTONE REIT (HOUSTON) Donald Keating is appointed trustee to complete the term of Chand Vyas, who resigned for business and personal reasons. Keating is the former chief financial officer of Shell Mining Co. HILB ROGAL & HOBBS (SAN FRANCISCO) Jordan Young is named senior property claims consultant for the San Francisco region. Prior to joining HRH, he was an independent adjuster for Crawford Technical Services. DONAHUE SCHRIBER (COSTA MESA, CA) Diana Swartz joins as leasing representative out of the corporate office. Her previous experience includes roles at Cornish & Carey Commercial in Roseville and Sperry Van Ness in Sacramento. MASSEY KNAKAL REALTY SERVICES (NEW YORK CITY) John Stanton is hired as an associate to chairman Robert Knakal, covering Hudson Yards and Penn Station. His real estate experience includes working as a project manager at Riggs Real Estate Co. Inc. STUDLEY (PHILADELPHIA and HACKENSACK, NJ) Kenneth Clyman joins as managing director of the Philadelphia office. Prior to this position, he was a vice president in the Transactions Services Group of Grubb & Ellis’ Philadelphia office. In New Jersey, Ronald Schechter also starts as a managing director. He spent most of his career at Charles Klatskin Co. HOLLIDAY FENOGLIO FOWLER (HOUSTON) Aaron Swerdlin is hired along with the other seven members of his team at Storage Investment Advisors as SIA joins HFF’s investment sales group. CARTER (ATLANTA) Steve Berberich and David Nelson start as vice president of development and project manager, respectively. Berberich was with Cooper Carry as project manager. Nelson comes on board from Novare Group. CUSHMAN & WAKEFIELD (BALTIMORE) Matthew A. Laraway, Edward P. Brady and Timothy J. Cahill are hired as senior directors. JONES LANG LASALLE (MIAMI) Glenn H. Gregory starts as senior vice president for agency leasing and tenant representation in South Florida. With more than 20 years’ experience, he most recently was a senior executive at Cushman & Wakefield Inc. LNR PROPERTY CORP. (DALLAS) The firm hires Andrew Klasing as financial analyst. He most recently worked as an analyst for Skorburg Co. PM REALTY GROUP (HONOLULU) Manuel DeCosta begins as senior property manager for City Financial Tower. The veteran broker and retired lieutenant colonel from the US Air Force spent the past 14 years with Transpacific Development Co. PIRCHER, NICHOLS & MEEKS (LOS ANGELES) Joining as an associate is Tan N. Nguyen. He previously was a summer law clerk at the Western Center on Law and Poverty and extern for Judge Roger W. Boren, California Court of Appeal’s Second District in Los Angeles.

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