By
Anthony J. LoPinto
|
Updated on September 01, 2009
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Stress Test
The banks are not the place to find stress tests. The unsung demon of this current recession, for most of us, is stress and it involves every facet of life–business and personal. Professionals in almost every segment of the real estate business are dealing with stress at a significant level, as they watch careers derail, job security becoming an illusion or a large investment going south for lack of financing. It’s a real issue, and one not to take lightly in arduous recession, because it is around every corner. Stress symptoms may be affecting your health, even though you might not realize it. You may think illness is to blame for that nagging headache, your frequent forgetfulness or your decreased productivity at work. But sometimes stress is to blame. Indeed, stress symptoms can affect your body, your thoughts and feelings, and your behavior. When you recognize common stress symptoms, it’s critical that you deal with it because, very quietly, it can ultimately create serious and debilitating illness. I know this isn’t a terribly upbeat column, but I felt it is worth pointing out the obvious, as we continue to deal with the effects of this troubled economy. The good news is that in next week’s column, I’ll be forecasting the upturn in the new post-Labor Day business year, so stay tuned.
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
TRIMONT REAL ESTATE ADVISORSAsset Manager–Condo Expertise (IRVINE, CA) The asset manager will be responsible for formulating and executing deal resolutions to maximize repayment of debt or return for client-investor; assessing performance of the assets relative to original underwriting strategies or business plans, competitors, and market conditions; reviewing and approving monthly reports and quarterly property valuations; interacting with third party consultants including attorneys, title agents, brokers and sales agents, and construction consultants; reviewing and approving draw requests; coordinating asset servicing and reporting responsibilities with internal departments to ensure proper tracking and timely and accurate reporting. COSTAR GROUPCommercial Real Estate–Regional Sales Director (NEW YORK CITY) Primary responsibility will entail managing targeted companies and scheduled demonstrations for our outside sales force in the markets supporting the regions. Director for the region will guide outside sales staff & advise as well as oversee their practice of generating & qualifying leads for territories. Currently this position entails managing a team of existing account executives with possible future hiring responsibilities as the sales force grows; among other duties. CENTRO PROPERTIES GROUPVice President of Corporate Finance (NEW YORK CITY) The VP will oversee a team of three to five people responsible for all corporate finance and financial planning activities and will, among other duties, model M&A and corporate finance situations, execute capital markets products, and finance real estate assets. PRUDENTIALInvestment Associate–Affordable Housing (SAN FRANCISCO, CA) The investment associate will help make investment recommendations for individual transactions and/or corporate development opportunities; pricing and structuring of pools of assets, determining the ROE or IRR of new ventures/alliances/products, among other duties.
POTOMAC REALTY CAPITALUnderwriting Analyst (NEEDHAM, MA) The underwriting analyst will review preliminary financing packages and perform cash flow analyses to evaluate and structure financing opportunities; participate in property inspections across the US with the underwriting team, assisting in evaluating a specific property, its competitive set and the overall market; assist underwriter in drafting transaction narrative describing the asset, location, market, financial performance and borrower’s business plan; evaluate third party reports to identify potential issues or areas requiring further investigation; and perform ad hoc analyses and other requests by members of the underwriting team on an as-needed basis, among other duties GRAMERCY CAPITAL CORP.Property Accountant (JENKINTOWN, PA) The property accountant, among other duties, will be responsible to prepare monthly work paper package for assigned portfolios; prepare individual and/or consolidated financial statements and variance analysis for assigned portfolios; reconcile cash reserves; prepare and/or review straight line rent recognition and rental income schedules in accordance with applicable leases; prepare 404 packages for new leases; prepare CAM reconciliations for monthly accrual postings and for annual billings to tenants; review monthly capital additions and depreciation/amortization schedules that are prepared by fixed asset accountant. JONES LANG LASALLEProperty Manager (BUFFALO) The property manager is responsible to oversee and manage all facility and site functions to assure that the customer, HSBC, can perform their jobs in a safe and comfortable environment; maintain and increase the value of the client’s assets; manage all on-site Jones Lang LaSalle personnel; ensure bottom-line performance of the property or properties; act as the primary liaison and agent for the client in all property management matters, among other duties. RENTAR DEVELOPMENT CORP.Building Manager (MIDDLE VILLAGE QUEENS, NY) The manager will be responsible for tenant relations, maintenance and repair of structural elements, physical plant mechanical systems, roof systems, common areas, parking areas and landscaping, budget preparation, implementation and monitoring of expenditures and budget comparison, code compliance, security and energy conservation, among other duties.
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.
COYOTE MANAGEMENT, L.P. (ADDISON, TX) Coyote Management is promoting Michael Whitlock to accounting manager. KEYSTONE PACIFIC PROPERTY MANAGEMENT INC. (IRVINE, CA) Keystone Pacific is promoting Carla Taylor from associate community association manager to enforcement coordinator within its Rancho Santa Margarita office.
GRUBB & ELLIS
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? Sign In Now
In today’s rapidly changing real estate landscape, staying ahead means understanding what’s next. Discover key strategies and emerging trends driving the future of corporate real estate.
Transform your lease administration. Download this eBook to discover five essential tips that will help you streamline processes, reduce risks, and maximize efficiency.
Join this on-demand webinar to explore best practices in real estate lease administration. Learn how to streamline your operations and achieve cost savings while ensuring compliance with lease accounting standards.
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.
Sign In
Sign In
Copyright © 2024 ALM Global, LLC. All Rights Reserved.