The Confidence Factor Survey: Do you think we have hit Bottom? ( surveys) Last week, I asked readers to vote ‘yes’ or ‘no’ on “Have We Hit Bottom?” There was a large response and the results were definitive: 80% voted NO. Actually, not a surprising result, considering the news and continuing slide on all financial fronts. While the current crisis is very real, one of the significant aggravating factors that the poll implied is that there is little to no confidence in our ability to dig out of this mess, and this malaise is coupled with an irresponsible press, and pundits on every channel, finding bigger and better disaster headlines to fuel the fire. The confidence factor is going to lengthen this recession and, on the hiring front, delay any significant recovery until at least 2010. I wish I were sitting on the sidelines! Lucky are those who are, because the recovery out of this situation is going to provide extraordinary opportunities. There are always two sides to every coin.
Something else to consider: When GlobeSt.com asked its readers in April of 2008 whether or not we had hit bottom yet, only 68% said ‘NO’ .
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 | NEW YORK CITY ECONOMIC DEVELOPMENT Vice President, Transaction (NEW YORK CITY) The vice president will supervise a team of three to five real estate finance and development professionals and will oversee a portfolio of real estate development projects located in New York City. SELECTLEADERS CEO (WESTERN USA) The CEO will focus on investment across commercial retail and multifamily products. STARPOINT PROPERTY MANAGEMENT Commercial Property and Asset Manager (FORT WORTH) The manager will maintain occupancy in retail and office space by working with leasing agents and negotiating with existing and potential new tenants, while overseeing retail and office rent collection and deposits. 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This will include utilizing and upgrading the monitoring system that is already in place in order to monitor traded investments and allow senior management to become aware of significant trends affecting the price levels of those Corporex investments. FANNIEMAE Director, Mortgage Market Analysis–Economist (WASHINGTON, DC) The director will plan, initiate and manage projects and assigned personnel designed to assist company management in assessing economic opportunity and business problem solutions by evaluating impacts of economic conditions on financial institutions and markets involving real estate. |  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. | CB RICHARD ELLIS (RICHMOND, VA) CB Richard Ellis is promoting Malcolm Randolph tovice president at CB Richard Ellis of Virginia, Inc. 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Submissions with multiple names will be capped at three for coverage in Executive Watch. | AVIVA INVESTORS (NEW YORK CITY) Aviva Investors is naming Michael Fortier as controller of the global real estate multi-manager team in New York and CFO of the Madison Harbor Balanced Strategies Fund. Fortier was previously CFO at Geometry Group, Inc., a New-York based investment management holding company. AMERICAN REALTY CAPITAL (BOSTON) American Realty Capital is appointing Steve Rokoszewski as vice president–national sales desk for Realty Capital Securities, LLC, the broker dealer affiliate of American Realty Capital Trust, Inc. Previously, Rokoszewski was a sales executive for KBS Capital Markets. AVISON YOUNG (TORONTO) Gary Schramm is joining Avison Young’s Mississauga brokerage operation as SVP. Most recently, Schramm was with Jones Lang LaSalle as senior vice-president of the corporate solutions group, based in Mississauga. | NEW OAK CAPITAL (NEW YORK CITY) NewOak Capital is partnership with Fundamental Credit Capital Partners, with its founder Candice Workman Nonas is being named managing director of NewOak Capital to help market the advisory, asset-management and capital markets platform. WESTCORE PROPERTIES (SAN DIEGO) Westcore Properties is bringing on Travis King as managing director of capital markets, responsible for raising debt and equity capital for both the US and European operations of the real estate investment firm. Previously, King was a principal with Paloma Advisors. | |
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