Layoff the Graduates

One of the most unfortunate results of a recessionary employment market is the layoffs of young professionals who are in their first job. Even worse, perhaps, are the graduates who don’t make it into a job because they signed on with one of the premier investment banks only to have their offer withdrawn. So far, 2008 has not been a good year for many young professionals in real estate, and even those who haven’t received a pink slip are concerned that they soon will. Often, recent graduates are the first on the chopping block because, in the view of the employer, they do not bring critical skills or experience to the table or there just isn’t enough to do until transactions reignite. Unfortunately, this situation only serves to aggravate the declining real estate talent pool. The industry already has a competitive disadvantage when it comes to attracting young talent, and cyclical events like the one we are now facing create an even deeper hole that we will have to dig out of in the future. I suggest that you hold on to young talent and let them experience a down cycle. You’ll be happy to have them as we emerge from this current mess.

Job Opportunities
CASSIDY & PINKARD COLLIERS Associate (WASHINGTON, DC) The company seeks an associate with experience in lease abstraction, evaluation of operating statements, cash flow financial analysis and commercial real estate underwriting. FANNIEMAE Director, REO Property Disposition (IRVINE, CA) The director will be responsible for directing all sales functions associated with REO, ensuring compliance with the company’s corporate policy. SELECTLEADERS Associate/Analyst (LOS ANGELES) Sonnenblick-Eichner Co. seeks an associate/analyst to perform financial analyses and market research, prepare investment or financing memoranda, assist in the marketing of equity and debt transactions, manage the due diligence process and evaluate potential investment and financing proposals. CUSHMAN & WAKEFIELD Senior Financial Analyst – Real Estate (ATLANTA) Working in conjunction with originators, the analyst will create pro formas, including models for various real estate structures; contact capital sources and assist in obtaining quotes/purchase offers. SELECTLEADERS Senior Asset Manager – Real Estate (ROCKVILLE, MD) A life sciences real estate development company seeks an asset manager to manage a commercial real estate asset portfolio, prepare business plans for current or potential acquisition assets, develop annual operating budgets and capital plans, assist in property acquisition and oversee project life cycles. JONES LANG LASALLE Senior Operations Manager/Vice President (MENLO PARK, CA) Responsibilities in this role include developing and managing the five-year capital and expense budget and project plan, driving continuous improvements in project management results, providing program management leadership, soliciting competitive proposals and communicating work order status and activities that could affect efficiency. CIGMA CORP. Senior Vice President, Construction Project Execution (DUBAI) A high rise-mixed use developer seeks a senior VP to lead and manage an effective model to maximize the performance of a pipeline of projects. HINES Retail Project Executive (WASHINGTON, DC) The project executive will facilitate the creation, design and implementation of a major new retail development. Responsibilities include financial underwriting, budget management, retail leasing and sales, execution of a marketing plan and market awareness and networking.
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.
STUDLEY (LOS ANGELES) Mark Robinson has been promoted to senior managing director with the firm. He was most recently a corporate managing director. COLLIERS HOUSTON & CO. (SOMERSET, NJ) Doug Bansbach has been raised to senior vice president after serving as vice president. He has been with the company since 2007. TVO NORTH AMERICA (EL PASO, TX) Joshua Vandenburg has been named Texas acquisitions senior associate. He joined TVO in 2004 as an acquisition analyst. JONES LANG LASALLE (PHILADELPHIA) The company has announced several promotions in its Philadelphia office. Joshua Sloan, previously a senior vice president, was appointed managing director. Ken Zirk, previously a senior vice president with the corporate solutions group, was promoted to client relationship manager and former global transaction director Timothy Nienhuis was named national director. TRAMMELL CROW CO. (CHICAGO) Shaun Frankfurt has been named managing director in Chicago after holding the same position in Oklahoma. He has been with the company for two decades.
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.
LEE & ASSOC. (NOVI, MI) Scott E. Lyons has joined the firm as a principal. He previously held the position of senior vice president with Grubb & Ellis. WELLS REAL ESTATE INVESTMENT TRUST II (NORCROSS, GA) John L. Dixon has been named a member of the Wells board of directors. He spent more than two decades with Pacific Life before retiring. J.E. ROBERTS COS (MCLEAN, VA) The company has hired Kristina Kneip as vice president and chief compliance officer. She moves from ACA Compliance Group, where she was a senior principal consultant. KRAUS-ANDERSON CONSTRUCTION CO. (KANSAS CITY, KS) Phil Wilson has been appointed director of operations in the Kansas City regional office. He was previously senior project manager with JE Dunn. THE COLONEY GROUP (MIAMI) Robert T. Perdigon has been named financial director of the newly formed foreclosure response team. Perdigon has owned his own company, R.E. Consulting Service LLC and has worked in financial services for such companies as Barnett Bank of Pinellas County, Healthcare Microsystems and Marsh Currington Consulting. TVO NORTH AMERICA (EL PASO, TX) Noel Rabb has come on board as southeastern acquisitions officer. He moves from The Wilkinson Group, Inc., where he supervised acquisition, disposition and financing activity. STUDLEY (HACKENSACK, NJ) Fred A. Singer has joined Studley’s Northern New Jersey office as a corporate managing director. He was previously with D.H. White Commercial Real Estate Services. BEHRINGER HARVARD (DALLAS) Michael A. Ernst will take the position of executive vice president—finance with Harvard Property Trust LLC, Behringer Advisors LLC and HPT Management Services LP. Before joining Behringer, he was executive vice president and chief financial officer of UDR, Inc. METROPOLITAN NATIONAL BANK OF NEW YORK (NEW YORK CITY) Scott Lublin has been appointed senior vice president in charge of the commercial lending unit. He previously served as a group manager in the structured real estate finance group of M&T Bank. AVANATH CAPITAL PARTNERS (IRVINE, CA) The company has hired Ed Hurley as chief operating officer. He most recently served as a managing director for Wachovia Securities. MUNSCH HARDT KOPF & HARR PC (DALLAS) Carl E. Kandutsch has joined the real estate practice group as a senior attorney after working for the Federal Communications Commission. RE/MAX COMMERCIAL REAL ESTATE SERVICES (CHICAGO) Former director of real estate for the City of Chicago Anthony Tantillo has been named director of zoning and entitlements for RE/MAX. CONCORD HOSPITALITY ENTERPRISES (RALEIGH-DURHAM, NC) Nick Kellock will take the position of chief operating officer, effective September 15. He moves from Marriott International, where he was senior vice president of franchising for five of Mariott’s hotel brands. OPUS SOUTH CORP. (ATLANTA) Kevin Polston has come on board as vice president of retail development for the South region. He was previously senior vice president and director for the Avenue Projects with Cousins Properties. GRUBB & ELLIS REALTY INVESTORS (SANTA ANA, CA) Robert Niendorf has been named senior vice president of asset management. He was most recently a senior vice president with BlackRock Realty Advisors. STUDLEY (SAN DIEGO) Andy Huggett has been appointed associate director in the San Diego office. He has previously held positions with NAI and Equis. MCEAGLE PROPERTIES LLC (O’FALLON, MO) Ryan Barr has been hired as director of business development. He was previously director of development at Brinkmann Constructors.

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