Retro-RTC

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Perhaps as early as next weekend, Treasury Secretary Paulson, the Federal Reserve and Congress will join forces to enact legislation that will make the S&L bailout look like a preview. Last week, we were on the edge of a meltdown of the financial system, and now we will have to contend with the large pools and billions of dollars of commercial real estate loans that will be maturing over the next 12 to 36 months. As valuations decline along with LTV’s, borrowers will be unable to refinance out-of-balance loans, resulting in a write down and, thus, creating a domino effect. The paper is going to either end up in the lender’s workout group or as part of a wholesale acquisition by emerging funds that will buy the loans at a few cents on the dollar, or worse yet, dump it into the “new” RTC pool. Either way, there will be a growing demand for seasoned and proven talent who know how to aggressively play the restructure game, from tough negotiations and legal brinksmanship through working the real estate asset to maximize return.

Job Opportunities ACKMAN-ZIFF REAL ESTATE GROUP Managing Director (NEW YORK CITY) Ackman-Ziff is currently seeking real estate professionals who will contribute to the firm’s debt platform. The critical element that the successful candidate will possess is a track record of participating in the sale of debt instruments. SARE Director of Strategy and Investor Relations (US or EUROPE) The director will establish and maintain relationships with US, European and others in the global client base – both existing and future – as well as with other significant professionals engaged in the financial and development of institutional-quality real estate. JONES LANG LASALLE Senior Project Manager (NEW YORK CITY) The senior project manager will develop complex project strategies, represent the supplier to the client, maintain customer goodwill, and encourage long-term business relationships. FORE PROPERTY CO. Regional Manager (ATLANTA) The firm seeks a regional manager for a four-state portfolio based in Virginia, consisting of Class A conventional apartments and tax-credit properties (Section 42). Candidates must have a minimum of five years of hands-on, multi-site management experience of large residential portfolios. FANNIE MAE REO Sales Rep (DALLAS) The position must be capable of multi-tasking in a fast paced environment while adhering to internal procedures. Critical business judgment combined with creativity, proven analytical skills, and self-motivation are essential components of this position. STONEMAR PROPERTIES LLC Property Manager (NEW YORK CITY)The candidate should be detail-oriented with the ability to multi-task and have excellent verbal, record keeping and written communication skills and be a self-starter. Retail property and construction management experience is a must. THE LIGHTSTONE GROUP Analyst (NEW YORK CITY)The ideal candidate will have an undergraduate degree, and two to three years of experience at an investment bank, preferably in real estate. The position supports senior investment professionals in originating, structuring, negotiating and closing real estate investments and financings. SELECTLEADERS Head of Capital Markets (WESTERN REGION) The client is a private, large scale, diversified development firm based in the western region. The head of capital markets will be an integral member of the executive team with responsibilities including strategic planning, execution and management of both equity and debt capital on corporate and project-level; establishment of both equity and debt capital relationships; and fundamental market research and analysis. 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. AMERICA’S CAPITAL PARTNERS (MIAMI) Sergio G. Socolsky has been named an equity partner and vice chairman of the company. He joined ACP in 2000, after serving as executive director and principal of Sococia S.A. COLLIERS ARNOLD (CLEARWATER, FL) Kimberly Lamb has been appointed senior executive vice president. She has been with the company since December 2007, when she joined as Florida director of retail services. UNITED PROPERTIES (MINNEAPOLIS) Eric Simmer has been promoted to assistant vice president in the development group after two years with the company. CENTURY RETAIL (LAKELAND, FL) The company has raised Charlie Boscarino to president and Braxton Bone to vice president of development operations. Boscarino previously served as senior vice president of corporate real estate. Bone, previously the development manager, joined the company in 2003. RETAILWORKS REAL ESTATE (ATLANTA) Michael Woodruff has been elevated to senior director with the company. GREYSTAR REAL ESTATE PARTNERS (DALLAS) Jeremy Edmiston has been named senior director of client services. He joined Greystar in 2004. CB RICHARD ELLIS (CLEVELAND and SOUTHFIELD, MI) Five-year veteran Brian Hurtuk has been promoted to first vice president and former office brokerage associate Joseph Gatliff has joined the industrial brokerage team. MARCUS & MILLICHAP (DALLAS, DENVER and DETROIT) The company has appointed Howard Fuerst vice president investments. He has been with Marcus & Millichap since 2002 and specializes in retail investment sales. In addition, Greg Price has been named sales manager of the Denver office after six years with the company and Jonathan Dwoskin has risen to sales manager of the Detroit office, also after six years with the company. HGA ARCHITECTS AND ENGINEERS (LOS ANGELES) Jessie Robertson has risen to senior associate with the firm after serving as director of business development for the Los Angeles office. UGL EQUIS (CHICAGO) The company has promoted three in Chicago. Fred Waldman has been raised to senior vice president from vice president and Mark Baffa and Jeremy Bressman are now assistant vice presidents after serving as training manager and senior associate, respectively. KEYSTONE PACIFIC PROPERTY MANAGEMENT INC. (IRVINE, CA) The company has promoted three. Jamie Bolduc has been raised from activities director for the Crystal Cove community to community association manager for new development. Vincent Villalobos, previously architectural coordinator for Crystal Cove, has been named architectural manager for the Custom Home Architectural Office. Sari Welch has been promoted from group coordinator to district manager. IA INTERIOR ARCHITECTS (BOSTON) Mark Forth has been appointed managing director of the Boston office. He joined the company in October 2007. UGL EQUIS (SOUTHFIELD, MI) Lynn Drake-Batts has been raised to associate vice president from senior associate in the Detroit office. She has been with UGL since 2004. 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. WARE MALCOMB (IRVINE, CA) A.J. Whitaker has joined the company as director, site development. He moves from Santec, where he was a principal. RICS AMERICAS (NEW YORK CITY) The Royal Institution of Chartered Surveyors has named Thomas M. Justin chairman for 2008-2009. Justin is a member of the RICS Americas governing council as well as a principal and executive vice president of the Weitzman Group, Inc. INLAND REAL ESTATE BROKERAGE, INC. (OAK BROOK, IL) Daniel P. Sarrett has been hired as a broker in the Oak Brook office, specializing in the sale of retail, office and industrial properties as well as the redevelopment of brownfield sites. He moves from Morken Associates. CB RICHARD ELLIS (LOS ANGELES) Luis Llaca has come on board as vice president in the firm’s Mexico City-based retail services group. He previously worked for Cushman & Wakefield. JER PARTNERS (MCLEAN, VA) The company has taken on Carlos Mateos as vice president, risk management, Latin American Investments and Chester Barnes as managing director, head of European asset management. Mateos spent the past six years with General Electric and Barnes moves from Merrill Lynch Global Principal Investments, where he was head of asset management. PORTFOLIO PROPERTY MANAGEMENT GLOBAL LLC (DETROIT) Michael Donahue has joined the company as senior property accountant. He previously worked as a senior project accountant at Hines Interests LP. HEI HOTELS & RESORTS (ROMULUS, MI) Joseph White has been named general manager of the Marriott Detroit Metro Airport hotel. He most recently worked as director of operations for the Westin Southfield. INTEGRATED BUILDERS (BRAINTREE, MA) Jason Mard has come on board as project superintendent. He was previously the owner’s representative for General Growth Properties. GRUBB & ELLIS CO. (SOUTHFIELD, MI and SANTA ANA, CA) Project manager Ryan Williams has joined the company’s Detroit office. He moves from DeMARIA Building Co., where he was a project estimator. In addition, Todd Harrelson has been named vice president, retail brokerage. He previously directed the real estate development strategy for Across America Real Estate Corp. CENTURY RETAIL (LAKELAND, FL) The company has added three to its employee roster. Vanessa Santo will take the role of senior vice president of commercial development, moving from the Barclay Group. Chris Ralph, formerly general manager with Centro Properties, has been named senior vice president of leasing operations. Lynda Nagy has been appointed vice president of joint venture development after working as director of leasing for Veranda Park. STUDLEY (NEW YORK CITY) Paul Revson, formerly of Staubach, has rejoined Studley. He worked for the company from 1989 to 2003. MARCUS & MILLICHAP CAPITAL CORP. (LOS ANGELES) Michael Sullivan has come on board as an associate director in the Los Angeles office. He moves from Mastiff Capital Partners. THE COLONY GROUP (FORT LAUDERDALE, FL) Oscar G. Mendez has joined the newly formed foreclosure response team as senior credit consultant. WOODMARK REAL ESTATE (DALLAS) Lawrence J. Williams has been hired as senior director of property management. He previously held senior management positions with Harbor Group, MetLife and JMB/First Chicago Investment Advisors. THOMPSON NATIONAL PROPERTIES LLC (IRVINE, CA) Thomas Gentry has been named regional vice president, south central region after serving as regional vice president at Security Benefit Group. He will be based in Houston. ZELNIK & CO. REAL ESTATE (NEW YORK CITY) Douglas A. Kaminsky has been hired as a director with the company. In his previous position, he managed national and regional development of major brands, including McDonald’s and Dunkin’ Donuts. JPI (DURHAM, NC) Karla Martin has joined the team as director of JPI resident solutions. She was previously a major account manager for Time Warner. HEI HOTELS & RESORTS (SAN ANTONIO, TX) Joyce Lyle-Freeman has been appointed general manager of the Crown Plaza San Antonio Hotel-Riverwalk. She was most recently general manager of the Sanderling Resort & Spa. STUDLEY (CHICAGO) Erin Trella has taken the position of managing director with the company. She previously worked as a global commercial manager at Premier Farnell, plc. LBA REALTY (SEATTLE) Bill Plautz has been named director—leasing and acquisitions in the company’s Seattle office. He spent the last five years at Hines Interests LP, where he handled marketing/leasing, acquisitions, dispositions and development-related activities. CUSHMAN & WAKEFIELD (SAN FRANCISCO) Joseph Vella has come on board as managing director, Americas, leading the financial advisory services practice. He previously served as chairman of the International Valuation Standards Committee and was president of Hendricks, Vella, Weber and Williams. BBG-BBGM (NEW YORK CITY) Marc Hochlerin has taken the role of principal of strategic planning. He previously worked as principal and director of global operations for Shen Milsom & Wilke. THE JOHN BUCK CO. (CHICAGO) Jennifer McGregor has joined the strategic advisory group as vice president. She moves from the architecture/design industry, where she worked in business development and marketing, most recently for Holabird & Root. RESOURCE COMMERCIAL REAL ESTATE LLC (INDIANAPOLIS, IN) John W. Reller has joined the retail advisor team as a senior advisor. He most recently served as manager of real estate for Hardees Restaurant. GK DEVELOPMENT INC. (BARRINGTON, IL) Elaine Hoffman has come on board as senior vice president-capital markets after serving as director of sales for the Midwest group of Spectrus Real Estate. INTERNATIONAL SALES GROUP (AVENTURA, FL) Richard Lamondin has been named head of ISG’s newly established Caribbean division. He previously served as president of Cornerstone Premier Communities, Coscan Florida and Williams Island Assoc. KEYSTONE PACIFIC PROEPRTY MANAGEMENT INC. (IRVINE/TEMECULA, CA) The company has hired Markus Ashley, Jennifer Kammes and Jule Oelrich as community association managers. INVESTMENT ANALYTICS GROUP (MERIDIAN, ID) Bob Denton has been appointed senior vice president. He was previously a partner/owner of a local brokerage firm and was the director of finance for the DBSI Group. BUCHANAN STREET PARTNERS (NEWPORT BEACH, CA) Dominic Petrucci has been named chief financial officer with the company. He moves from Cornerstone Real Estate Funds, where he was chief operating officer. PORTFOLIO PROPERTY MANAGEMENT GLOBAL LLC (BOCA RATON, FL) The company has appointed John Bridges chief operating officer. He previously served on the senior property management team with Cushman & Wakefield. NEWMARK KNIGHT FRANK (SAN FRANCISCO) Bill Fuller has taken the role of principal in the San Francisco office after 10 years as the leasing and marketing manager of Hines’s San Francisco regional office. STRATEGIC REAL ESTATE ADVISORS (LONDON) Andrew Mills has been appointed chief operating officer and general counsel. He spent the last decade as a corporate lawyer for London-based law firm Clyde & Co. LLP. PERSEUS REALTY PARTNERS LLC (WASHINGTON, DC) Perseus has named Robert Kelly director of asset management. He moves from Wachovia Bank, where he was vice president and senior asset manager/equity team leader. MASSEY KNAKAL (NEW YORK CITY) Daniel Doherty has been named an associate to broker Clint Olsen in the company’s Manhattan office. Doherty recently graduated from Villanova University after interning with Cushman & Wakefield K.K. in Tokyo. AMERICAN REALTY CAPITAL (NEW YORK CITY) The company has expanded its team with the addition of Jesse Galloway as assistant general counsel. Galloway was previously with Cadwalader Wickersham & Taft, LLP.