The Second Half When do you believe that the real estate employment market will recover? (opinion) Well, we made it through the first half of 2009, and we have just 6 months to go until we turn the corner on what has been, for most, the worst year ever. The good news is that we are observing slow, but steady economic improvement; the stock market appears to be holding steady after a healthy rally, and other indices are looking brighter. Heck, today the Wall Street Journal reported that Wall Street firms logged their best quarter since the crisis began. When investment bankers are making money, it’s good, I guess. Since today marks the end of the first half, I thought it would be a good time to take the temperature of our readers on their view of the timing of the job market rebound. I’ll report back next week and also take a look at where the hiring action is going to be for the rest of this year.
Best wishes for a great July 4th Holiday!
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. WEBINAR ON-DEMAND 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. Recorded on Tuesday, June 9, 2009, 12:30 PM ET. Cost: $59. VIEW ON-DEMAND NOW >
 Job Opportunities | THE BOZZUTO GROUP Regional Portfolio Manager (GREENBELT, MD) The manager will oversee the management of 6 to 8 communities, approximately 2,000 to 2,500 units and work closely with property managers to evaluate the performance of each property from an operational and financial perspective. WRIGHTWOOD CAPITAL Director–Real Estate Management (CHICAGO) The director will develop and manage the execution of a business plan for each owned asset in the portfolio to maximize value. USAA REAL ESTATE CO. Director of Accounting (SAN ANTONIO) The director directs the accounting policy group functions with significant responsibilities for creating key accounting policies and position papers and continually reviews policies and procedures to ensure compliance with GAAP. PRINCETON INFORMATION, LTD. Senior Asset Manager (DALLAS) The manager mitigates risk and losses of numerous complex troubled–but performing–multifamily assets in a professional and cost effective manner, while providing the highest level of internal and external customer service. Report and update loss projections to management. | BERKSHIRE PROPERTY ADVISORS, LLC Acquisition Vice President (NEW YORK CITY) The VP will source both debt and equity multifamily deals nation-wide, operating out of New York City. GRAMERCY CAPITAL CORP. Analyst–Capital Markets / RE Securities (NEW YORK CITY) The analyst will create and use financial models for CDO and CMBS surveillance analysis; CDO optimization and covenant compliance; and corporate earnings and liquidity projections. SELECTLEADERS Director Asset Management (NEW YORK CITY) The director will manage the relationship with the local operating partners and in conjunction with local operating partners, evaluate and resolve operating issues; 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. THE PALMER TEAM Structured Finance (SACREMENTO) A successful candidate will join a team responsible for financing transactions at all levels of the capital stack; underwriting and structuring debt and equity products for institutional clients. |  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. | ERNST & YOUNG LLP (NEW YORK CITY) Ernst & Young is promoting Greg Parker to senior manager to lead Construction Advisory Services in Northeastern US. | EDENS & AVANT (COLUMBIA, SC) Edens & Avant is promoting Will Ponder to vice president, investments, responsible for Edens & Avant’s Southeast portfolio encompassing 40 properties. |  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. | HRPT PROPERTIES TRUST (NEWTON, MA) HRPT Properties Trust is hiring Jan S. Yokota as vice president, Pacific region effective July 15, 2009. Ms. Yokota will join HRPT from General Growth Properties (GGP) where she serves as VP-Development for GGP’s Hawaii Region. CB RICHARD ELLIS INVESTORS (BOSTON) CBRE Investors is hiring Matthew Tepper as an associate director for the Global Multi Manager (GMM) business. Tepper comes to GMM Americas from Wachovia Securities where he was an associate in the private equity-real estate investment banking division. JONES LANG LASALLE (BOSTON) Jones Lang LaSalle is hiring Ellen Cook as senior vice president on the Corporate Solutions team. Prior to joining Jones Lang LaSalle, Ellen was an account director with Cushman & Wakefield. | J.G. PETRUCCI CO., INC. (ASBURY, NJ) J.G. Petrucci Co. is hiring Ryan R. Waggner as an assistant property manager. Prior to joining JGPCO, Ryan interned for two summers at the Edison, New Jersey office of Cushman & Wakefield. PARAMOUNT REAL ESTATE CORP./TCN WORLDWIDE (MINNEAPOLIS) Paramount Real Estate Corp./TCN Worldwide is hiring Luke Hedberg formerly of CSM Corp. to join the industrial sales leasing team. AVISON YOUNG (TORONTO) Avison Young is hiring Michael McKiernan as principal and managing director of Avison Young-Chicago. McKiernan comes from Cushman & Wakefield. | |
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