Tax Bill

Last week I called a friend, a real estate executive, and asked how he was. He said, “I’m grateful that I made it through the first quarter.” We all seem to be measuring life in weeks and months as we inch along through 2009. Most of us just want to get this year over with. A recent New York Times /CBS poll was reported indicating that there is “new optimism on the economy since the inauguration”. This is good news because building consumer and business confidence is critical in navigating a turnaround. It reminded me of what T.S. Elliott once wrote, “April is the cruelest month, breeding lilacs out of frozen ground.” Cheers to the second quarter.

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
GRUBB & ELLIS CO. Portfolio Manager (BILLERICA, MA) Among other duties, the manager will be the senior liaison between owner/client and property management group and assure appropriate Grubb & Ellis assets are applied to each property, as well as assist in design specifications, negotiation and implementation of all vendor contracts and capital projects. FANNIE MAE Senior Business Analyst, Money Movement (MCLEAN, VA) The position will work on Fannie Mae’s implementation of the Making Home Affordable initiative which is part of the Housing Affordability and Stability Plan, processing servicing data and apply business rules to validate the incentive calculations for servicers participating in the HASP program, among other duties. SELECTLEADERS VP, Portfolio Manager, Real Estate Investments (NEW YORK CITY) The portfolio manager will monitor the performance of investments relative to original underwriting expectations and take appropriate action to address discrepancies and monitor external fund managers to ensure implementation of agreed-upon strategy. REALTY CAPITAL PARTNERS Capital Markets – President or Executive Vice-President (COLLEYVILLE, TX) The position will be responsible for raising capital for Realty Capital Partner’s private real estate investments through various channels including, but not limited to, high net worth individuals, wealth managers, broker/dealer networks and other institutional investors. ING CLARION CAPITAL Analyst/Senior Analyst (NEW YORK CITY) The analyst’s responsibilities will include performing asset level underwriting of commercial mortgage backed securities(CMBS); assisting with asset management responsibilities of current portfolios; performing competitive market analysis for all major commercial property type and monitor market trends; and identifying potential risks and present credit analysis to senior underwriting committee. USAA REAL ESTATE CO. Real Estate Accountant (Hospitality) (SAN ANTONIO) The selected candidate will partner with our hospitality portfolio management team to ensure accurate reporting for property, joint venture, and corporate accounting. SELECTLEADERS Vice President Asset Management – Office (SAN FRANCISCO) The VP will manage the relationship with the local operating partners and in conjunction with local operating partners, evaluate and resolve operating issues; as well as prepare and execute on the annual strategic business plan for each property, including development of leasing objectives, operating and financial budgets, and capital redevelopment project plans. WESTRUST VP of Asset Management (SAN FRANCISCO) The VP will oversee four general managers and be responsible for execution and presentation of all monthly and quarterly asset management portfolio reporting to owners of company, equity investors, & lenders.
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 (NEW YORK CITY) CB Richard Ellis is promoting Brad Needleman to senior vice president. KEYSTON PACIFIC PROPERTY MANAGEMENT INC. (IRVINE, CA) Keystone Pacific Property Management is promoting promoted Lani Kaneshiro from director of training to regional manager in its Irvine office. STUDLEY (IRVINE, CA) Studley is promoting Michael Props to corporate managing director from managing director, and Charles Suh is being promoted to associate director from assistant director.
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.
RCS REAL ESTATE ADVISORS (CHICAGO) RCS Real Estate Advisors is hiring Scott Keeney as senior vice president and Kenneth Green as vice president. Keeney joins the firm from General Growth Properties as a senior vice president leasing management. Most recently, Green served as vice president of real estate and general counsel for Namco Cybertainment Inc. SPERRY VAN NESS (LAKE MARY, FL) Sperry Van Ness is hiring Jeff Henwood as senior advisor. ALLIANCE RESIDENTIAL CO. (PHOENIX) Alliance Residential Co. is appointing Glenn T. Rand as management partner for Alliance’s Southeast and Mid-Atlantic regions. In his new role, Rand is responsible for operational oversight and new business in Florida, Georgia, North Carolina, South Carolina, Tennessee and the Washington, DC area. Rand most recently served as an acquisition officer for the Milestone Group. UCR URBAN (DALLAS) UCR Urban is hiring James West as executive vice president. HENDRICKS & PARTNERS (PHOENIX) Hendricks is hiring Ric Holway as a partner. Holway was formerly at a brokerage firm as senior vice president.

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