By
Anthony J. LoPinto
|
Updated on September 08, 2009
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New Year
Last year my column titled ‘Happy New Year?’ appeared on Tuesday, September 2nd, the day after Labor Day. I’ve always viewed Labor Day as the beginning of the new business year. The current year is already baked and we are all now turning our attention to budgeting and planning for 2010. Last Labor Day, I forecasted more layoffs, but predicted that the turnaround would begin before the end of the 4th Quarter. Boy, was I wrong! I, for one, am counting the days for the end of 2009, a year most will wish to forget. Looking ahead, while commercial valuations and the debt capital markets have a way to go before the turnaround, with the overall economy rounding the corner, this sets the stage for an “okay” year ahead, much better than the carnage we all experienced in 2009. So, on that high note, I wish you all a very happy new business year.
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
EQUITY OFFICE PROPERTIESVP Asset Management (SAN MATEO, CA) The VP Asset Management is responsible for forecasting income on assigned assets and identifying risks; working collaboratively with market staff to develop leasing, operating and capital strategy for the portfolio; portfolio reporting including forecasting cash flow and value creation in addition to developing asset strategic plans to support the portfolio objectives; partner with Blackstone on underwriting new opportunities at the market and project level; deal analysis and review of lease opportunities; and work with markets to enhance the value of the portfolio. USAA REAL ESTATE CO.Investment Analyst/Associate – Private Equity (SAN ANTONIO) The analyst/associate will identify and analyze potential investment strategies and structures; prepare financial analysis and financial models, including fund level and investor level pro formas and return analysis; research investor market background and statistics; develop and maintain property, fund and company level performance results including IRR returns against benchmarks, among other duties. SELECTLEADERSGeneral Manager (GREATER WASHINGTON, DC-AREA/MD) The general manager will coordinate renovation activities with residents and development team; achieve NOI goals by increasing revenues, reducing delinquency, and reducing expenses; ensure rent control procedures are implemented correctly and accurate records are filed with the DC housing office in a timely manner, among other duties. PRUDENTIALDirector, FHA Underwriter (NATIONWIDE) The incumbent is to provide or direct thorough underwriting analysis of FHA multifamily and healthcare insurance applications in conformance with FHA program requirements and sound underwriting standards resulting in FHA commitments and closed loans. Provide technical guidance and oversight to intermediate underwriter, junior underwriter and loan processor.
COSTAR GROUPCommercial Real Estate – Regional Sales Director (NEW YORK CITY) The regional sales director’s responsibilities will entail managing targeted companies and scheduled demonstrations for our outside sales force in the markets supporting the regions and will guide outside sales staff & advise as well as oversee their practice of generating & qualifying leads for territories, among other duties. AVALONBAY COMMUNITIESController – Construction & Development Accounting (VIRGINIA BEACH, VA) The controller is responsible tomanage all aspects of construction & development accounting, including the oversight of policies and procedures and the review of transactional and other activity during the month-end close process for current and future projects and/or developments. WHOLE FOOD MARKETSLease Administrator CAM Analyst (AUSTIN, TX) The successful candidate will direct the company’s Common Area Maintenance (CAM) reconciliation and other related lease administration functions; resolve day to day landlord issues related to CAM, tax, sub-tenant, and percentage rent occupancy clauses maintained by the team; assist in developing annual budget related to these items, among other duties. ARBOR COMMERCIAL MORTGAGES, LLCDirector (UNIONDALE, NY) The director will focus on multifamily loan origination on loan amounts of $1 million and up and will be responsible for generating this business through existing relationships and business development opportunities.
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.
GRUBB & ELLIS CO. (SANTA ANA, CA) Grubb & Ellis is promoting Eric Stone to executive vice president, managing director. STREAM REALTY PARTNERS, L.P. (SAN ANTONIO) Stream Realty Partners is promoting Jason Adkison to senior vice president for Stream’s San Antonio office. PIEDMONT CAPITAL (OAKLAND, CA) Piedmont Capital is promoting Nils Ratnathicam to vice president at Piedmont Capital Funding. Prior to his promotion, Nils was a commercial loan officer.
KW COMMERCIAL (ORLANDO) KW Commercial is promoting Bill Dehlinger to director of KW Commercial, Orlando Oviedo Marketplace. PERKOWITZ+RUTH ARCHITECTS (LONG BEACH, CA) P+R Architects is promoting Michael Bohn, Winston Chang and Don Grainger to principal and Brad Williams and Terry Todd to associate principal.
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.
KBS CAPITAL MARKETS GROUP (DES MOINES) KBS Capital is hiring Christopher Nelson as senior regional vice president, responsible for Nebraska, Kansas, Iowa and western Missouri.
GRUBB & ELLIS
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