Succession

On Friday, June 13th, like many other people, I was stunned to learn of the passing of Tim Russert. At the time, I was huffing and puffing, and rushing from here to there, in yet again, another airport. I stopped, and reflected on what an incredible figure Tim was (I had the pleasure to meet him very briefly in January at a ULI Leadership meeting in DC). The story hit particularly close to home, because Tim was 58, and, (ugh) I’m ready to turn 58 in December. My personal reflections were reinforced by the incredible, unbelievable, outpouring for Russert. Okay, but he’s gone, and now what? And how is he going to be replaced? Well, over the weekend, NBC announced that Tom Brokaw will “fill-in” through the end of the year. So what’s the lesson for Executive Watch? Well, more often than not, a company’s ability to fill-the-chair of a senior executive is not planned for. Succession planning must be central to a company’s business plan or, as in an untimely event such as the death of Tim Russert, a “fill-in” may be the only, “interim” solution. Not a positive for the Company, its employees, or shareholders.

Job Opportunities
SELECTLEADERS Managing Director, U.S. Investments (FLEXIBLE LOCATION) The managing Director will be responsible for identifying, underwriting and acquiring opportunistic investments throughout the United States. A successful candidate will have a 15+ year record of performance, experience working in both an institutional and entrepreneurial environment, an ability to structure, negotiate and close identified investments, a Bachelor’s degree is required and MBA, MS in real Estate, or JD is a significant plus. CORNERTSTONE REAL ESTATE ADVISORS Asset Manager (SANTA MONICA, CA)The asset manager will be in charge of a diverse portfolio, including office, retail, industrial and multifamily properties. The candidate should be an experienced asset manager or have at least 10 years of relevant commercial real estate industry experience. An MBA is a plus. HINES Property Manager (SACRAMENTO, CA)The applicant should have a Bachelor’s degree in business administration or related field, four plus years of management experience, with two of the years in Property or Facilities Management, P&L responsibility and budgetary experience, and strong initiative and customer service orientation. The Property Manager will provide day-to-day operations management of the property and maintain professional and courteous relationships with tenants and contractors. SUN TRUST BANKS, INC. Commercial Real Estate Banker (MULTIPLE LOCATIONS, VA) The commercial real estate banker will be responsible for producing and maintaining profitable relationships with commercial and/or residential real estate investors, developers and builders. A successful candidate will have 10+ years of experience in commercial real estate lending and credit, ability to manage a $50M+ portfolio and train lower-level relationship managers. LOWE ENTERPRISES, INC. Construction Manager (SAN DIEGO, CA) The construction manager will perform project management oversight and coordination, support the development team, manage the permitting process to procure site, building, and other related construction permits, among other duties. The candidate should have a Bachelor’s degree in Construction Management/Civil Engineering or equivalent work experience, with 7 to 10 years working in construction management. LEED AP Accreditation or experience with LEED certified projects a plus. FANNIEMAE Business Manager (WASHINGTON, DC) The business manager will support sophisticated new and existing multifamily accounts and day-to-day operations, support the NAM and/or team members and track customer performance. The applicant will have a BA/BS and 3 to 5 years of related experience with a MA/MS/MBA preferred. CB RICHARD ELLIS Senior Real Estate Manager (MORRIS COUNTY, AL)The senior real estate manager will oversee and manage portfolios for one or more commercial real estate properties, as well as the daily operations of the managed assets and supervise on-site management employees. The successful candidate will possess a BA/BS, a real estate license, 6 years of related experience and/or training, with a CPM or RPA professional designation or candidacy preferred. HOLLIDAY FENOGLIO FOWLER, LP Real Estate Analyst (INDIANAPOLIS, IN) The real estate analyst will prepare commercial mortgage loan/sales packages for presentation, assist loan originators, prepare market analysis reports and prepare and maintain financial models. The candidate will have 3 years of experience in a financial analysis environment and a Bachelor or Masters degree in Real Estate, Finance, Accounting or related discipline
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.
RTKL ASSOCIATES INC. (BALTIMORE) Brent J. Lehmkuhl and Robert B. Williams have been promoted to principals. Both are engineers with the company’s applied technology group. LOWE ENTERPRISES (LOS ANGELES) Robert J. Lowe, Jr. has been raised to chief executive officer of Lowe Hospitality Group. He has been with Lowe Enterprises since 1992 and was named president of Lowe Hospitality Group in 2007. REALOGIC ANALYTICS, INC. (CHICAGO) Tom Kaveney has been named senior associate after two years with the company. PATHWAY REAL ESTATE ADVISORS (HOUSTON) Kimberly Cartwright has been promoted to realtor with the company. She joined Pathway in 2005 and most recently served as a sales associate. GRUBB & ELLIS CO. (SANTA ANA, CA) W. Calvin Meeder has been appointed senior vice president with the project management group. He joined the company in 2006, after serving as vice president and lead project manager with Equis Corp.
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.
THE PRAEDIUM GROUP (NEW YORK CITY) Mason Sleeper has joined the company as its newest principal. He moves from Credit Suisse, where he was a managing director in the real estate finance group. LIBERTY PROPERTY TRUST (HOUSTON) The firm has hired Preston Luster as Houston construction project manager for new developments. He was most recently a construction manager for East Group Properties, L.P. NAI EMORY HILL REAL ESTATE SERVICES INC. (NEW CASTLE, DE) Jill Fake has been named an assistant to company president Carmen J. Facciolo, Jr. She was previously a commercial property manager with Bestfield Properties. EQUIBASE CAPITAL GROUP LLC (CHICAGO) Ronald W. Koretz comes on board as a vice president. Before joining Equibase, he was a senior vice president of CMD Realty Investors. LIBERTY PROPERTY TRUST (PHILADELPHIA) Natalie Kidd has been appointed assistant general manager of Comcast Center. She moves from BPG Management Company LP, where she was the senior property manager. MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES (LAS VEGAS) David Forooz has been hired as a senior associate after serving as vice president of Forooz & Associates Inc. LIQUID REALTY PARTNERS (SAN FRANCISCO) John Arens has been named director of the firm. He moves from Redwood Trust, where he was a vice president. GRUBB & ELLIS/WEST SHELL COMMERCIAL (CINCINNATI and SANTA ANA, CA) Morgan D. Blavatt has joined the company’s industrial advisory group as an industrial advisor. She previously worked in the environmental consulting industry. In addition, the company welcomes Adele Simmons as vice president of internal auditing. Simmons was most recently with Experian. AMERICAN APPRAISAL (NEW YORK CITY) Michael P. Heddon has been appointed managing director in the real estate advisory group for the Northeast region. Before joining American Appraisal, he was with CBIZ Valuation Group LLC. RTKL ASSOCIATES INC. (HOUSTON) The architecture firm expands its Houston office with the addition of Robin Jacoby and Jan Madey. Jacoby moves from Page Southerland Page, and Madey was previously with Watkins Hamilton Ross Architects Inc. OPUS WEST CORP. (DALLAS) After seven years with Cawley Wilcox Cos., Ran Holman has taken the position of vice president of real estate development with Opus West. He will be responsible for real estate development in the Dallas area. OPUS WEST CORP. (DALLAS) After seven years with Cawley Wilcox Cos., Ran Holman has taken the position of vice president of real estate development with Opus West. He will be responsible for real estate development in the Dallas area. PM REALTY GROUP (HOUSTON) Doug Demiano has come on board as senior vice president of development. He previously held positions with Amegy Bank and TCP Holdings. MASSEY KNAKAL (NEW YORK CITY) Mitchell Levine has taken the position of real estate analyst for partner and managing director James Nelson. Levine was most recently an associate at Zenta Capital Markets. KEYSTONE PACIFIC PROPERTY MANAGEMENT INC. (IRVINE, CA) Keystone has hired Darren Mandel as a community association manager. He will be responsible for a number of properties in Orange County. PAGODA COS. (FARMINGTON HILLS, MI) Patricia Carlson has joined the company as director of operations. She will handle Pagoda’s 38-property self-storage management portfolio in Michigan and Ohio. TPG ARCHITECTURE (NEW YORK CITY) Braulio D. Rossy has come on board as studio director of the company’s retail practice. DIVERSIFIED PROJECT MANAGEMENT INC. (NEWTON, MA) Chris Neugebauer has been appointed senior project manager with the firm. He previously worked for Beverly Hospital Design and Construction. PIEDMONT OFFICE REALTY TRUST, INC. (NORCROSS, GA) Frank C. McDowell has joined the board as an independent director. He has held executive-level positions at BRE Properties, Inc. and Cardinal Realty. ASSET PLUS COS. (HOUSTON) The firm adds two new regional supervisors to its payroll. Paula Stanley will be regional supervisor for Corpus Christi and Sharon Sauer will hold the same position for Colorado. Stanley moves from Ropko Property Management, where she spent 16 years as president, and Sauer was the asset manager of several properties throughout the U.S. COMMODORE REALTY, INC. (KEY BISCAYNE, FL) Ryan McDowell has been appointed director of acquisitions. He has previously held positions with Investment Real Estate Associates, Investment Realty Advisors and Benderson Development Company, Inc. POTBELLY SANDWICH WORKS (CHICAGO) The company has named Aylwin B. Lewis president and chief executive officer. He was previously with Sears Holdings.

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