Middle East Mess Before the financial markets hit the wall, Middle East investment and development companies were scouring the US for real estate talent, from on-the-ground development pros, to proven marketing and sales professionals. Recruiting activity reached a peak in late 2007, and the first quarter of 2008. I–like most in the know–expected that the Mideast would comfortably navigate through the economic “rough patch.” However, the news last week set the record straight: the Middle East markets are a disaster. Dubai World, the holding company that made big real estate bets, has fallen on hard times, and is at the center of the mess in the emirate. The good news for Dubai is that its extended family of sheiks have billions to bail them out. All that being said, the real estate projects that Dubai World took on in the Middle East, Las Vegas, New York City, etc., are now dead in the water. Meanwhile, back in Dubai, real estate talent from the US, Europe and Australia are packing up and leaving the desert for greener pastures. Who would have known that the US would end up looking good, compared to Dubai!
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 | JONES LANG LASALLE Vice President – Healthcare (NEW YORK CITY) The VP will develop complex corporate real estate and workplace strategies supported by client research, portfolio assessment and financial analyses and; communicate and implement creative approaches that will allow our clients to optimize their real estate solutions. BRE PROPERTIES, INC. Regional Facilities Manager (SAN DIEGO) The manager will create business goals and metrics and execute plans to meet those goals, as well as schedule staff and vendors at multiple sites and train your associates in these skills along with managing capital projects, optimizing maintenance operations and expense control; among other duties. COSTAR GROUP Research Manager – Commercial Real Estate Date (SAN DIEGO) The research manager is responsible for oversight of data quantity, accuracy and completeness; quality assurance; brand awareness; staff management, coaching and development, and; recruiting and retention. NATIONAL TRUST COMMUNITY INVEST. CORP. Senior Acquisitions Manager (WASHINGTON, DC) The senior acquisitions manager will perform marketing and acquisition activities for the National Trust Community Investment Corporation, and; develop pipeline, structure investments, and underwrite/close equity investments for the fund to include equity investments in residential, commercial and mixed-use historic rehabilitation projects; among other duties. | HEALTHCARE TRUST OF AMERICA Asset Manager (SCOTTSDALE, AZ) The asset manager will provide strategic and tactical support to the asset management team to develop and implement short & long term objectives to maximize cash flow and value; implement risk management strategies to protect physical assets and avoid interruption; responsible for operational oversight of properties, and; negotiate contracts including property management, construction, and leasing; among other duties. SELECTLEADERS Senior Portfolio Manager (NEW YORK CITY) The senior portfolio manager will act as key liaison with fund managers and joint venture partners; work with partners and external fund managers to optimize portfolio results; participate in regional and global portfolio management strategy discussions and assist with special projects, and; support the investment team with new deal underwriting and analysis; among other duties. DEVELOPERS DIVERSIFIED REALTY General Manager (BAYAMON, PUERTO RICO) The general manger will manage all facets of the daily operations of specialty center(s) through effective planning and utilization of resources to maximize net operating income and tenant and owner satisfaction. SELECTLEADERS Managing Director, Hotel Investments (NEW YORK CITY) The managing director will will function as the senior investment officer for a private real estate investment firm’s hotel portfolio, and; plan an investment strategy for the lodging sector; 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. | TRAMMELL CROW CO. (DALLAS) Trammell Crow Co. is hiring Adam Saphier as leader of the company’s Dallas-Fort Worth business unit. Saphier previously served as a principal with the firm’s Houston business unit. | MARCUS & MILLICHAP (LOS ANGELES) Marcus & Millichap Real Estate Investment Services is promoting Chris Maling to the position of first vice president investments. |  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. | MARCUS & MILLICHAP CAPITAL CORP. (BROOKLYN, NY) Marcus & Millichap Capital Corp. is hiring Christopher Marks as an associate in the firm’s Brooklyn office. Prior to joining Marcus & Millichap, Marks was a senior loan officer with the Mortgage Capital Group. CB RICHARD ELLIS GROUP, INC. (LOS ANGELES) CB Richard Ellis is hiring Laura D’Andrea Tyson to the company’s board of directors. Previously, Tyson was the dead of the Haas School of Business and the London Business School. | COLLIERS INTERNATIONAL (LOS ANGELES) Colliers International is hiring Mark Zehner as senior managing director of its US property management division. Zehner was previously with Rreef. | |
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