Gingerly We Recover

"Slowly and tentatively, some companies are rescinding pay cuts made during the recession," the Wall Street Journal reported in a feature article yesterday. Notwithstanding our optimistic view of a recovery, the article jolted me back to the reality that this "recession" is far from over on the employment front. As the recession took hold, companies across the board instituted reductions-in-force, as well as established four-day work weeks, salary scale-backs, elimination of 401(k) matching, and other cost reductions on the compensation front that are slow to be reversed (just like the egregious "extras" airline fees). And, instead of reversing these cutbacks, companies are hiring interim consultants to fill in the gap with variable 1099 expenses, versus having full-time employees return with their attendant tax and benefits load. This is truly a different and slow recovery on the employment front.

Job Opportunities COLLIERS INTERNATIONAL Director –Marketing and Communications, USA (NATIONAL) Colliers seeks a Director - Marketing and Communications to develop and implement marketing and communication strategies; manage and promote all service lines within Colliers International and the affiliated FirstService Real Estate Advisors portfolio in the US; and develop the structure and resources required to execute marketing plans at the regional level as well as at the local market level. Bachelor's degree required. Seven to 10 years experience also required. HARBOR GROUP INTERNATIONAL Senior Analyst (NORFOLK, VA) The senior analyst will be responsible for obtaining financial performance data from a variety of sources, including calls to property managers, asset analysts and others, and evaluating and auditing data to ensure accuracy; and prepare reports to investors, potential investors, executive management, etc.; among other duties. BH PROPERTIES LLC Property Manager (LOS ANGELES) The property manager will coordinate multiple assignments with the maintenance team and third party service providers; supervise minor construction projects, vendor hiring and management; prepare property budgets; handle all tenant issues for portfolio and special projects as assigned; among other duties. LIBERTY PROPERTY TRUST Senior Property Manager (ROSEMONT, IL) The manager will hire, train, develop and manage the property management team located in Chicago and Milwaukee and lead team members in a way that fosters teamwork and mutual respect; work with management to ensure all strategic goals are clearly defined, communicated and implemented across all buildings within the portfolio; among other duties. THE PNC FINANCIAL SERVICES GROUP Manager – Real Estate Solutions/Commercial Loan Workout (DALLAS) The manager will be responsible for the development, implementation and management of workout and/or disposition strategies of complex, high-profile distressed assets. Resolution or disposition typically involves resolving defaults, negotiating workout terms, managing the foreclosure process, coordinating with legal counsel for bankruptcy and other litigation, and managing REO through the sale of the asset; among other duties. FRANKLIN TEMPLETON INVESTMENTS Director of Global REITs and Portfolio Manager (NEW YORK CITY) The director will further develop, direct and manage the global REIT investment activities of Franklin Templeton Real Estate Advisors (FTREA) and related investment staff and be responsible for asset allocation and strategic positioning of the client portfolios and demonstrate a commitment to REIT investing and research coupled with the ability to leverage the significant existing resources of Franklin Templeton to deliver strong investment performance for clients; among other duties. GRAMERCY CAPITAL CORP. Analyst, Loan Asset Management (NEW YORK CITY) The analyst will be responsible for asset management of six to10 loan assets; preperation and monthly maintenance of rent roll, Argus models; confirm of cash flow waterfalls, loan reserve balances, and borrower and guarantor covenant compliance; and periodic revaluation of underlying collateral using discounted cash flow and sales comparables; among other duties. FHO PARTNERS Director of Research (BOSTON) The director will grow and improve our research services, publications and analyses; manage the quarterly market statistics data collection/analysis; create and write the quarterly market report; develop and write topical reports on key business/industry trends and issues impacting the local commercial real estate market and economy; 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. STUDLEY (NEW YORK CITY) Studley is promoting John A. Mambrino, Howard Simson, Erik Schmall and David J. Providenti to executive managing directors from their former titles as senior managing directors. CB RICHARD ELLIS (CHICAGO) CB Richard Ellis promoting Raymond Mazzocco and Mark Pasquella to executive vice presidents, Global Corporate Services. JONES LANG LASALLE (LOS ANGELES) Jones Lang LaSalle is promoting Peter Belisle to president of energy and sustainability services; and Todd Burns will replace Belisle as president of project and development services, who previously served as the group’s COO. 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. ROTHSCHILD REALTY MANAGERS LLC (NEW YORK CITY) Rothschild realty is hiring Mary Beth Shanahan McCormick as a senior advisor. LANE CO. (ATLANTA) Lane Co. is hiring Cindy Pfeifer as president. She was most recently the chief operating officer/chief investment officer of Place Properties. GRUBB & ELLIS CO. (PITTSBURGH) Grubb & Ellis Co. is hiring Joel Kreider as vice president, industrial group. Previously, Kreider was a general partner for Imperial Business Park, as well as president and broker of record for Tartan Realty. MOHR PARTNERS INC. (DALLAS) Mohr Partners is hiring Rammy Rasmussen as managing partner of its Los Angeles office. Most recently served as the SVP of the tenant advisory group at Grubb & Ellis.