LIVE WEBINAR Job Opportunities in a Turbulent Market In today’s real estate marketplace, finding and keeping meaningful employment – whether you are a manager, developer, investor, broker, or architect – is a difficult and constant challenge. GlobeSt.com and the SelectLeaders Job Network are pleased to present this important online event to identify key job growth areas, the types of positions that are in demand, and approaches necessary to flourish in this downturn. Tuesday, June 9, 2009, 12:30 PM ET. Cost: $59.
REGISTER NOW > Your Local Banker The Wall Street Journal reported today what most of us suspected: local, small and mid-tier banks are sitting on piles of potentially toxic commercial real estate loans that could generate losses of $100 billion by the end of 2010. The Journal studied over 900 banks and estimated that their loans on shopping malls, office buildings, apartments, and hospitality projects could add up to 50% of their total loan losses over the period. While this isn’t as big as the predicted CMBS tsunami, or the mess at the 19 largest banks, the local bank situation is notable because most are located in small and second-tier cities and towns, have limited in-house real estate expertise, and thus, will be totally unprepared to deal with the workout and subsequent REO mess. This will translate to a significant need for talent or service company support that can step in and help clean it up. But, the problem will be finding experienced professionals who are in the local market. Here’s an idea: join AAA and hit the road in about 6 months. There will be plenty of jobs and consulting gigs in Alabama, North Dakota, Kansas, and Montana, to name a few.
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 Retail Leasing Manager–Retail Leasing Broker (NEW YORK CITY) The leasing manager will actively develop business relationships within the local community to help secure new tenants, aggressively canvas the local markets for new tenant prospects and prepare, manage and deliver presentations to prospective clients. BLACKROCK Portfolio Manager–CRE Commercial Real Estate (NEW YORK CITY) The manager will handle performing and distressed whole loans (including workouts, risk mitigation, and disposition), prepare client-facing and management presentations and reports regarding portfolio performance, as well as issues relating to individual loans. SELECTLEADERS Chief Financial Officer and Vice President of Finance (ANNAPOLIS, MD) The CFO/VP of Finance will oversee all financial activities including corporate accounting, project accounting, financial reporting, cash management, project and corporate financing, financial reporting to lenders and investors, monitoring project expenditure approvals, and preparing internal and external financial reports. THE ENDEAVOR COMPANIES, LLC Managing Director–Real Estate (CHICAGO) The managing director will underwrite potential senior and mezzanine loans, bridge loans, and acquisitions of both debt and real estate, including projecting future financial performance, budgeting and acting as control point for all physical and legal due diligence activities. | JP MORGAN PRIVATE EQUITY FUNDS SERVICES Real Estate Funds Manager, Private Equity Fund Services (NEW YORK CITY) The manager will define a set of real estate open-ended fund services for real estate investment clients and build, lead and motivate a team to service client’s real estate open ended fund investment requirements, among other duties. FANNIEMAE Director, Fixed Income Research (WASHINGTON, DC) The director is responsible for leading a group of eight researchers in the development and support all of Fannie Mae’s prepayment models. DRA ADVISORS, LLC Asset Manager–Office (NEW YORK CITY) The asset manager will carry out strategic goals at the property level through leasing and implementation/completion of capital improvements, as well as completion of some development projects. THE URBAN LAND INSTITUTE Director, Community Outreach–Housing (WASHINGTON, DC) The director will manage projects, staff committees and provide overall strategic direction to advance the goals and objectives of ULI’s varied programs. |  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. | CUSHMAN & WAKEFIELD (PHOENIX) Larry Downey has been named executive vice president of Cushman & Wakefield, Inc. CB RICHARD ELLIS, INC. (PHILADELPHIA) CB Richard Ellis is promoting Maureen Anastasi to managing director, brokerage. | DLC MANAGEMENT CORP. (TARRYTOWN, NY) DLC Management is promoting Evan Podob from leasing representative to senior leasing representative. |  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. | LUCE, FORWARD, HAMILTON & SCRIPPS LLP (IRVINE, CA) Luce, Forward, Hamilton & Scripps is bringing aboard Jess R. Bressi to the firm’s Orange County office. Bressi will be a partner in the firm’s commercial, finance and insolvency and real estate and environmental litigation practice groups. Bressi has spent the last 24 years at Cox, Castle & Nicholson. LEGUM & NORMAN (ALEXANDRIA, VA) Legum & Norman is hiring Cassie Wallace Cataline as general manager within the Community Association Management group. Prior to joining Legum & Norman, Cataline served as VP of marketing & communications for KETTLER. CAS PARTNERS (DALLAS) CAS Partners is hiring Barbara A. Erhart and Michael G. Hoffman to lead financial and legal activities, respectively. As a result of its strategic expansion of multifamily real estate services, the company added Erhart to its executive team in the role of chief financial officer and Hoffman as the company’s first chief legal officer. | M. KAPLAN CO. (HOUSTON) M. Kaplan Co. is hiring Michelle R. Rhone, CAM, VP of operations. Rhone joins M. Kaplan from Asset Plus Corp. where she was a vice president of business development. TRAMMELL CROW CO. (DALLAS) Trammell Crow Company is hiring David Stahl as a senior vice president with the firm’s real estate acquisition group. Stahl will be responsible for the acquisition of opportunistic real estate related investments. Stahl joins TCC after serving as senior vice president of acquisitions/director of asset management for Lone Star Funds/Hudson Advisors. | |
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