A Female CEO

There has been great progress for women in business over the past 25 years, but the statistics for their achieving senior executive roles is embarrassingly low. According to Catalyst, an advocacy group that tracks women’s advancement in the workplace, women now make up 59.6% of the US labor force, but fewer than 16% of top corporate officers are female, and for minorities, the numbers are significantly lower. I suspect that the statistics for the real estate industry are more disturbing. This is why I am attracted to Business Week’s cover story from a few weeks ago about the transition at Xerox Corp., where CEO Anne Mulcahy is stepping down after successfully turning the company around, and now handing the reins over to Ursula Burns, the current president. Burns rose through Xerox the old-fashioned way from a summer engineering intern in 1980 to now become the first black female CEO of a Fortune 500 company. This is a powerful reminder that we need to make sure that the latest meltdown does not seriously set back real estate industry’s attention to making progress on the diversity front. Did you copy that?

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.

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Job Opportunities
NEW BOSTON FUND, INC. Northeast Regional Director/SVP (BOSTON) To lead our Northeast initiatives or expansion; source and identify direct investment opportunities and joint venture/equity partners. JONES LANG LASALLE Vice President, Transaction Manager (NEW YORK CITY) The VP will be involved in fast-paced retail transaction negotiations, analysis, communication, collaboration and organization with a ‘client first’ mindset. DEUTSCHE BANK BERKSHIRE MORTGAGE VP–Head of Asset Management (IRVINE, CA) The VP will be directly responsible for overall management of the entire office loan portfolio, focusing on risk management, customer service, investor compliance, as well as assist in developing and implementing departmental policies and procedures for effective and efficient supervision of the DBMS portfolio. LEND LEASE Vice President, Real Estate Acquisitions (PARSIPPANY, NJ) The vice president will work closely with lawyers, clients, advisors and investment bankers to negotiate and resolve key legal and financial issues and work with company financial analysts and other groups to prepare financial proforma models to ensure that the project is being adequately financed and capitalized, among other duties. SELECTLEADERS Corporate Real Estate, Retail Sector (NEW YORK CITY) The director of retail strategy will combine best practices in strategic retailing and corporate real estate management to improve the planning, marketing, operations and financial performance of the company. EQUITY OFFICE PROPERTIES Real Estate Financial Analyst (BOSTON) The analyst will provide analytical support to regional teams charged with maximizing property NOI, cash flows, gross leasing and occupancy; with major responsibilities including analyzing all cash flow assumptions utilized in the budget and monthly forecast, and providing variance explanations between the current and previous forecasts. REALTY CAPITAL PARTNERS Capital Markets Vice President or Executive Vice President (COLLEYVILLE, TX) The position is needed to raise capital for the company’s project-specific limited partnerships and investment funds, among other duties. MUSICAL INSTRUMENT MUSEUM Facilities Manager (PHOENIX) The manager will be responsible for the maintenance, operations and repairs of the museum properties as required; including the HVAC, building management, lighting control, life safety, and plumbing systems.
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.
NELSON (BOSTON) NELSON is promoting Brad Black and Stacy Chambers to managing principals. S.L. NUSBAUM REALTY CO. (NORFOLK, VA) S. L. Nusbaum is promoting Katie Hotta to their office and industrial brokerage team from the commercial development division. THE WILDER COMPANIES (BOSTON) The Wilder Companies is promoting Kelli Burke to vice president of development services. DLC MANAGEMENT CORP. (TARRYTOWN, NY) DLC Management Corp. is promoting Sally Krauss to vice president of real estate transactions.
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.
AVISON YOUNG (CHICAGO) Avison Young is hiring Jonathan Malm as a principal. DELOITTE FINANCIAL ADVISORY SERVICES LLP (MCLEAN, VA) Deloitte FAS is hiring Hank Tremaine to its lease advisory services group. Prior to joining Deloitte FAS, Tremaine co-founded one of the leading providers of lease inspection services to public and private sector clients. COLLIERS INTERNATIONAL (DALLAS) Colliers International is hiring Gavin Kam as a senior vice president and director of retail investment sales, as well as Allison Fannin as vice president. Prior to joining Colliers, Gavin was a principal with The Kam Group. STUDLEY (HOUSTON) Studley is hiring Jim Bell and Russell Hodges as brokers. Prior to joining Studley, Bell worked for Jones Lang LaSalle in Houston and Washington, DC, exclusively representing tenants throughout Houston and across the country with their commercial real estate transactions. BRICKMAN (NEW YORK CITY) Brickman is hiring Suzanne Gibson as vice president. Prior to working at Brickman, Suzanne was part of the capital markets & client relations team at JER Partners, focusing on raising funds globally.

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