Boutiques

We have talked plenty about the extraordinary number of real estate professionals who are on the street, and the continuing, and even accelerating trend of cutbacks and “going out of business” layoffs. However, a counter-trend that is emerging is the formation of boutique platforms, constructed by two, three or four executives and professionals, to take advantage of the rubble created by this market, either in the form of managing workouts–to seize on opportunistic buys–or to fill the advisory gap vacated by large investment banking institutions. We have advised individuals who are out of work to “package” themselves and consider interim employment to weather the storm, remain engaged, and bring in a few dollars. However, the appearance of these new boutiques may turn out to be more than a stop-gap. Platforms that survive this period may emerge at the back end as viable enterprises that are nimble enough to capitalize on emerging opportunities, and structural changes that reshape the future playing field.

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 Regional Property Manager–General Manager (WASHINGTON, DC) The manager will be responsible for the management and effective implementation of all policies, procedures, property financials, and operational programs on a day-to-day basis that will assure that the properties and related project(s) are well managed. HARBOR GROUP INTERNATIONAL Vice President, Asset Manager (Multifamily) (NORFOLK, VA) The VP asset manager will manage the annual budget review and approval process, monitor and evaluate financial operating results to enhance cash flow and profitability, review financial statements, tax returns, and K-1s, oversee tax appeal issues and maintain regulatory and lender compliance. GRUBB & ELLIS HEALTHCARE REIT, INC. Property Accountant (SCOTTSDALE, AZ) The property accountant will produce financial packages for a portfolio of properties as part of the monthly closing process, including: preparation of detailed comparative analysis of budgeted NOI to actual NOI; balance sheet and income statement account reconciliations; monthly operating expense and income accruals; fixed asset depreciation for property improvements; and straight-line rent adjustments. REALTY CAPITAL PARTNERS Capital Markets–Vice President or Executive Vice-President (COLLEYVILLE, TX) The VP or EVP will be required to sell in the US and the UK, so the candidate must have or acquire both the FINRA Series 22 license and Series 63 license and/or in the United Kingdom you must currently be, or have the ability to become, either an Approved Person or an Appointed Representative able to sell Unregulated Collective Investment Schemes. CB RICHARD ELLIS Chief Engineer (PROVIDENCE, RI) The chief engineer will be responsible for the operational management and effective daily leadership and administration of the engineering team with the objectives of safely, efficiently, and effectively operating, maintaining, and modifying facility systems and equipment in a cost-effective manner, in Rhode Island and the Greater Boston area. EQUITY OFFICE PROPERTIES Commercial Property Manager (SAN MATEO, CA) The manager will maintain day-to-day relationships with customer contacts, develop an understanding of unique customer needs, anticipate and respond to customer needs/requests, may participate in regular and periodic Customer Advisory Board meetings, among other duties. JONES LANG LASALLE Vice President, Facilities Management (WHITEHOUSE STATION, NJ) The VP will insure compliance with Jones Lang LaSalle and Facilities Renewal and Equipment Committee minimum audit standards, oversee the operation, staffing, performance and development of the Facilities Management service delivery staff, and ensure client satisfaction by providing a seamless interface into Facilities Renewal and Equipment Committee. SELECTLEADERS Sales Executive–Online Advertising (NEW YORK CITY) The sales executive will be responsible for prospecting, negotiating and securing media sales for our site, achieving quarterly and annual quotas and maximizing revenue.
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.

<!—->

SB ARCHITECTS (SAN FRANCISCO) David A. Louie, AIA, is being promoted to vice president and Jessica L. Sager is being promoted to senior associate, while Mike Kehl, LEED AP and Erica Gilmore are getting promoted to associates. 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.
STUDLEY (NEW YORK CITY) Studley is hiring Joseph Genovesi at their Midtown Manhattan office as an executive managing director. Genovesi comes to Studley from DG HART Assocciates. THE DAVIES CO. (BOSTON) The Davies Co. is hiring Cappy F. Daume as senior vice president for asset management and Mark P. Consoli as chief financial officer. Daume was previously with Jones Lang LaSalle as a managing director in its investment sales group, while Consoli was corporate controller, senior vice president of finance and COO at Northland Investment Corp. NAI HUFF PARTNERS (FORT WORTH) NAI Huff is hiring Rena Arnold as an associate. Previously, Arnold was a marketing and leasing manager for First Industrial Realty Trust, Inc. AZTEC GROUP (MIAMI) Aztec is hiring Howard Taft as senior managing director. Previously, Taft was managing director of Cohen Financial’s Miami office. THE JOHN MCCOURT CO. (LOS ANGELES) Geoffrey Wharton is being named as president of the John McCourt Co. Wharton previously worked for JMC from Apollo Real Estate Group where he oversaw the master planning and entitlements for Sunset La Cienega in West Hollywood and the Columbia Square project in Hollywood.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.