COBRA When professionals lose their jobs, after the initial shock, their attention immediately turns to medical insurance and the impact on their coverage. COBRA benefits have been around a long time, requiring that the candidate be allowed to maintain the full employer group coverage, but the individual has to foot the bill if the employer doesn’t provide that in the severence package–and former employers typically do not provide that benefit. Because of the extraordinary recession and extensive job losses, last year the Federal government began providing subsidies for COBRA payments. Yesterday, President Obama signed a measure to extend the federal subsidy for an additional six months, for a total of 15 months, up from the current nine. Under COBRA, the Consolidated Omnibus Budget Reconciliation Act, severed workers can stay on their employer’s group health plan for up to 18 months–or longer, in some circumstances–provided they pay the full premium plus an administrative fee. With the subsidy, terminated workers pay only 35% of the premium. On the real estate front, let’s hope we start to see some recovery on the jobs front–it’s about time.
And, best wishes for a very happy holiday season for our GlobeSt readers.
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 | EMPIRE AMERICAN HOLDINGS Chief Administrative Officer/Property Management (MONTVALE, NJ) The candidate will be responsible for developing and leading Empire American Asset Management and overseeing the administration of the company’s third party property management division and focus on creating and expanding client services and new business development in gaining management opportunities in the multifamily sector. VOIT REAL ESTATE SERVICES, LLC Marketing Director (IRVINE, CA) The marketing director will develop and implement annual marketing plan for the company; support and facilitate development and implementation of marketing plans for the various services/ divisions within the company; plan and administer the marketing operations budget; support development of divisional marketing budgets; among other duties FANNIEMAE Senior Specialist, Vendor Performance Management, Corporate Procurement (NEW YORK CITY) This position is responsible for monitoring and reporting on critical vendor relationships on behalf of the enterprise, which among other duties will include: defining strategies, processes and the framework under which corporate vendor performance management functions will be performed. DEUTSCHE BANK BERKSHIRE MORTGAGE Underwriter–FHA (BETHESDA, MD) The underwriter will analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (FHA); conduct detailed economic and demographic research to determine feasibility of transactions; conduct comprehensive inspections of physical real-estate assets; and upon completion of due diligence present credit risk conclusion to loan committee; among other duties. | NORTHLAND INVESTMENT CORP. Vice President, Multifamily (NEWTON, MA) The VP, multifamily will be responsibile for all phases of multifamily community operations, including: profitability, personnel selection, resident retention programs, customer satisfaction, asset quality and individual and overall financial performance of all communities within the multifamily portfolio. NEW YORK LIFE INVESTMENTS Commercial Loan Analyst (ATLANTA) The analyst’s responsibilities include participation in the analysis, underwriting, presentation and closing of new mortgage loan investments and the analysis, monitoring, and response to internal and external requests involving the existing mortgage portfolio. Some travel is required. SELECTLEADERS Associate (WASHINGTON, DC) The associate’s primary responsibilities include creating financial models using Excel and Argus software for financial analysis of investment properties, due diligence review, transaction execution and the preparation of presentation materials to prospective clients. COSTAR GROUP Research Manager–Commercial Real Estate Data (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; 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. | MARCUS & MILLICHAP (DENVER) Marcus & Millichap is promoting Michael Hoffman to regional manager of the firm’s Denver and Fort Collins offices. Hoffman is also a first vice president of the firm. Most recently, he was the regional manager of the Houston office. In Las Vegas, Marcus & Millichap is also promoting Tina Taylor to associate VP investments. | SKANSKA USA (BLUE BELL, PA) Skanska USA is promoting Paul Reibel to vice president of business development from his previous role as senior director of business development. |  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. | THE BOULDER GROUP (NORTHBROOK, IL) The Boulder Group is hiring Jimmy Goodman has as a partner. GREAT LAKES FINANCIAL GROUP, LP (CLEVELAND) Great Lakes Financial Group is hiring Allan Rugg to the production team as a loan originator of Freddie Mac and HUD for the DC and eastern states areas. Prior to joining Great Lakes Financial, Allan was VP/loan originator of Amerisphere and was responsible for the eastern states origination of multi-family construction and permanent mortgage loans. | SRS REAL ESTATE PARTNERS (HOUSTON) SRS Real Estate Partners is hiring Todd O. Hardin as the new market leader and senior vice president of its Houston office. Hardin will be joined by J. Braxton Brockenbrough, vice president, who brings nearly a decade of Houston-focused experience in tenant and landlord representation. Prior to joining the firm, Hardin was with the J. Beard Real Estate Co. | |
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