Circus Time

My head is spinning. I am not sure where to begin to frame my views on the travesty that I witnessed on Sunday evening. It was a congressional side-show not quite up to par with Ringling Brothers. And so much for bi-partisanship, with not-a-one Republican vote. Let me make it clear that I am a major proponent of healthcare reform, but this legislation is--I don’t know what. It is not good, in my view, for our industry. For starters, the bill provides for a Medicare Payroll tax on investment income. Beginning in 2012, the bill legislates a 3.8% tax on investment income for families making more than $250,000 per year--$200,000 for individuals. It’s not only the rich that are going to be taxed, it’s the entrepreneurs, developers, and other risk takers, that will start to "do deals" and build a recovery out of this mess. I’m disgusted with the way this, one of the most important issues of our time, was relegated to a circus side-show, and a bad one at that.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
COLLIERS INTERNATIONAL
Business Analyst
(DENVER) Colliers International is a full service real estate company providing clients with real estate solutions through six major business lines: appraisal and valuation, tenant and landlord representation, corporate solutions, investment services, project management, and real estate management services. This position will primarily support the CEO of the US business on strategic initiatives. Specific duties include utilizing advanced analytic tools; leading teams in strategic analyses, alternatives and review of critical data at all levels, functions and regions of the organization; and preparing periodic updates of division strategy and operations, and general strategy presentations. MBA in strategy, marketing, finance or operations required. Two to five years experience in strategy, marketing, finance, operations or business development also required.

COSTAR GROUP
Research Manager – Commercial Real Estate Data
(WHITE MARSH, MD) The 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 things.

THE PALMER TEAM
Structured Finance Partner
(SACRAMENTO, CA) The finance partner will be responsible for financing transactions at all levels of the capital stack; underwriting and structuring debt and equity products for institutional clients; among other duties.
CB RICHARD ELLIS
Sr. Financial Analyst
(SAN FRANCISCO) The analyst will translate deals; handle budgets and forecasting; underwrite income-producing properties such as office, retail, industrial, and multi-family investments; analyze leases and associated property due diligence reports such as rent rolls, operating statements, and expense reconciliation; examine and analyze financial results such as budgets and profit and loss statements; among other duties.

COLE REAL ESTATE INVESTMENTS
Analyst, Real Estate Acquisitions
(PHOENIX) The analyst will complete quarterly business plan forecasts for all REITs and funds; work with our real estate departments to collect information for key business planning assumptions; prepare quarterly business plan reports for distribution to executive team; maintain portfolio and property data underlying business plan forecasts; and run business plan sensitivities and scenarios for all REITs and funds; among other duties.

WELSH COMPANIES, LLC
Director of Financial Reporting/Controller
(MINNETONKA, MN) The director will be responsible for coordinating, formatting, and updating the quarterly SEC filings and other regulatory filings; run consolidated reports from the general ledger, prepare financial statement footnotes; coordinate with senior management, external auditors, inhouse/external legal counsel, and external printers to enable timely review/approval of SEC filings and related forms; among other duties.
CORPORATE OFFICE PROPERTIES TRUST
Senior Property Manager
(COLORADO SPRINGS, CO) The property manager is responsible for the overall management of assigned property portfolio and assigned COPT cornerstone office; ensure that quality customer service is provided and all properties operate within the economic operating constraint of the operating budget; and ensure that company physical assets are maintained in good condition; among other duties.

REALOGY CORP.
Senior Vice President Global Client Solutions
(PARSIPPANY, NJ) The SVP will identify all internal and external business development opportunities; establish financial goals and deliver on those outlined thresholds; build strong relationships with affiliates and internal departments; create monthly, quarterly, annual reports for senior management to track implementation of strategic plan and more importantly actual business developed; 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 REAL ESTATE INVESTMENT SERVICES
(OKLAHOMA CITY) Marcus & Millichap is promoting Scott Lamontagne to associate vice president of investments in the Oklahoma City office. Lamontagne was formerly the regional manager of the Encino office.
GRUBB & ELLES|LAS VEGAS
(LAS VEGAS) Grubb & Ellis|Las Vegas is promoting Dave A. Dworkin to research manager.
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.
COLE REAL ESTATE INVESTMENTS
(PHOENIX) Cole Real Estate Investments is hiring Boyd Messmann as VP of Acquisitions. Prior to joining Cole, Messmann served as president and CEO of Blaire Energy, LLC.

FHO PARTNERS
(BOSTON) FHO Partners is hiring John F. McHugh, Jr. as vice president in the asset advisory group. McHugh previously worked as a senior vice president in the Boston office of JLL.

GRUBB & ELLIS CO.
(CHICAGO) Grubb & Ellis is hiring Bob Peterson as managing director, corporate services.

NAI GLOBAL
(NEW YORK CITY) NAI Global is hiring Vladimir Spector, Mel Zimmerman and Henry Widmaier, former brokers with Helmsley Spear in Manhattan, as managing directors.
360 COMMERCIAL PARTNERS
(IRVINE, CA) 360 Commercial Partners is hiring Zachary P. Niles to be director of the industrial advisory group. Prior to joining 360 Commercial Partners, Niles was first vice president of CB Richard Ellis' Anaheim, CA office.

COLLIERS MEREDITH & GREW
(BOSTON) Colliers Meredith & Grew is hiring Ronald K. Perry as president. Kevin Phelan will assume the role of co-chairman with Tom Hynes.

PORTFOLIO PROPERTY MANAGEMENT GLOBAL, LLC
(RALEIGH, NC) Portfolio Property Management Global, LLC is hiring Winter Lofaro as property manager to oversee daily management operations at Cary's Crossroads Corporate Park. Previously, Lofaro worked as a property manager.

SAVILLS US
(NEW YORK CITY) Savills is hiring Brian Jenkins as a senior vice president in the firm's medical real estate team.

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Anthony J. LoPinto

Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.