Covering Cutbacks

The growing economic crisis has precipitated one of the most significant cutbacks in organizations across the real estate industry, ever. An interesting by-product of this situation is the “worker-bee” shortage that reductions-in-force have created in companies. Typically, cutbacks hit lower and mid-level professionals the hardest, the group that gets day-to-day projects done, such as project research, PowerPoint presentations, number-crunching and the like. This puts a burden on higher paid executives, diminishes their productivity and reduces critical management time, as they are forced to focus on the small stuff. An interesting approach to this situation was reported in the March 23rd issue of Business Week. Pfizer has created PfizerWorks, which allows its professionals to outsource these projects to workers in India: send it at 4 p.m., and the project is back when you return to work the following day. The idea appears to be working. It made me think that there must be entrepreneurial types and groups that are putting this sort of service online. It might be worth investigating.

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
SELECTLEADERS Senior Property and Asset Manager (SILICON VALLEY, CA) The manager monitors all financial, banking and business dealings of assigned portfolio, creates annual budget, business plan and occupancy goals; and routinely maintain adherence to budget and addresses areas of variance. GREEN STREET ADVISORS Research Associate (NEWPORT BEACH, CA) The associate will support the senior analysts in preparing and publishing a wide range of research reports and preparing and maintaining financial models, projections, and databases. TRIMONT REAL ESTATE ADVISORS Asset Management Financial Associate (ATLANTA) The associate will be responsible for analysis of property level financial statements, including operating statement, balance sheet and rent roll. COLLIERS INTERNATIONAL Managing Director, Brokerage (SAN FRANCISCO) The managing director is responsible for growing the company’s client relationships through a managed process of providing best of class, time sensitive results that accelerating the clients’ success. SELECTLEADERS Head of Property Management Group (NEW YORK CITY) The head of property management group will be responsible for the leadership and management of the business unit within the region, and will play a lead role in marketing the unit’s services. THE PACE GROUP Senior VP Asset Manager, Multi Housing (CHICAGO) The manager is responsible for directing overall asset management of the residential portfolio including oversight of property management, leasing, tenant relations, budgets, capital improvements, financial analysis of properties, acquisitions and dispositions. GE CAPITAL Property Manager (PALO ALTO, CA) The manager directly oversees all aspects of property management for assigned properties, including operational, financial and administrative duties, for a commercial property landlord. ERDMAN, A COGDELL SPENCER CO. Development Manager/Project Executive (MADISON, WI) The manager/executive is responsible for coordinating project teams, managing project delivery to meet customer needs, execution of the development process including leasing, legal, financing and ownership skills and the management of the design/build phase of a project.
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.
NEWOAK CAPITAL (NEW YORK CITY) NewOak Capital is promoting Tom McAvity to managing director to market the firm’s advisory, asset-management and capital markets services to the insurance industry and design customized solutions for insurers, banks and pension and endowment funds. THE PREISS CO. (RALEIGH, NC) The Preiss Co. is promoting Lindsay Southern to leasing and marketing manager of University Village at Clemson. Southern previously served as a leasing agent for University Village at Clemson. BRODER & SACHSE REAL ESTATE SERVICES, INC. (BIRMINGHAM, MI) Broder & Sachse is promoting John Hamburger to president from vice president and director of property management. NAI REALVEST (ORLANDO) NAI Realvest is promoting Patrick Mahoney to partner, president and chief operating officer. WESTERN NATIONAL GROUP (IRVINE, CA) Western National Group is promoting Laura Khouri to the president of the multifamily ancillary group, a subsidiary of Western National Group. Prior to being named as president, Khouri held the title of senior vice president of human resources and vice president of operations.
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.
GRUBB & ELLIS CO. (SAN FRANCISCO) Grubb & Ellis is hiring Nolen Boyer and Paul Hayward as senior vice presidents, project management group. Boyer and Hayward join Grubb & Ellis from Jones Lang LaSalle, where they were vice presidents of the company’s project management and development services group. TRUMP HOTEL COLLECTION (NEW YORK CITY)Trump Hotel Collection is hiring Melissa Brown as vicepresident of sales and marketing. She comes to Trump SoHo New York from St. Regis and W Hotels Worldwide, where she served as director of brandmarketing worldwide. TABANI GROUP, INC. (DALLAS) Tabani Group is hiring Cheri Dolan as SVP of operations. Most recently, Dolan was with Klaff Realty, LP as VP-asset management.

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