Circus TimeMy 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…
By
Anthony J. LoPinto
|
Updated on March 23, 2010
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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 INTERNATIONALBusiness 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 GROUPResearch 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 TEAMStructured 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 ELLISSr. 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 INVESTMENTSAnalyst, 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, LLCDirector 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 TRUSTSenior 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
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