Next Generation

Good news. Real Estate markets are beginning to recover, and are hiring, but only at the top. The bad news is that there are slim pickings for lower and mid-level positions. This is especially bad news for under-graduates and newly minted MBAs, who are finding that competition for job postings is fierce. I checked-in with a couple of real estate programs over the last couple weeks and learned that graduates are encountering an extremely difficult market and only 25% of the classes have thus far secured jobs. Entry-level jobs are attracting seriously over-qualified talent, and employers are responding, figuring they can hire and leverage experienced talent for a year or two, and take their chances on an eventual exodus. We all figured that 2010 would be a kinder time for the next generation, but not just yet.

Job Opportunities COLE REAL ESTATE INVESTMENTS Asset Manager–Multi-Tenant Shopping Centers (PHOENIX) The asset manager will analyze property level data, maintain excellent tenant relations, oversee budgeting and make recommendations to senior management on strategies for re-positioning the assets; among other duties. TIAA CREF Director: Real Estate Asset Management–Retail (NEW YORK CITY) The director will lead a highly experienced team of asset managers; utilize abilities to develop and execute strategies which will maximize value and returns of specific properties and portfolios; and manage the team process of developing annual budgets, leasing strategies, marketing and capital improvements programs; among other duties. GRAMERCY CAPITAL CORP. Associate/Financial Modeling (NEW YORK CITY) The associate will assist with the company’s realty division’s liquidity analysis, which includes cash forecasting and variance analysis across the entire Realty portfolio and corporate business units; coordinate the preparation of monthly variance analyses for property operations, capital spending, and corporate general and administrative expenses; and ensure that the corporate financial model reflects changes in liquidity; among other duties. SCHNITZER WEST LLC Real Estate Manager–Property Manager (SEATTLE) The manager will be responsible for the operational performance of assigned properties, including recommendations to the asset manager for the strategic direction of the assets; and managing the financial reporting and fiscal control of properties; among other duties. ARBOR COMMERCIAL MORTGAGE LLC Portfolio Management Analyst (WILLIAMSVILLE/BUFFALO) The analyst will be responsible for financial analysis of project operations/borrower wherewithal; physical evaluation of properties; and loan document review/interpretation; among other duties. THE TOWNSEND GROUP Investment Analyst (CLEVELAND) The analyst will be responsible for assisting with strategy development & portfolio construction; monitoring client portfolios; and participating in research projects and other initiatives; among other duties. MCKINLEY Regional Director, Mid-Atlantic Portfolio (ANN ARBOR, MI) The regional director will be responsible for reviewing and analyzing the monthly operating reports; monitoring bookkeeping functions, budget preparation and budget variance with community managers and bookkeepers; and interacting with senior management in budget concerns and development; among other duties. AVALONBAY COMMUNITIES Manager of Pricing & Revenue Management (ARLINGTON, VA) The manager is responsible for establishing and implementing pricing, revenue optimization, marketing and leasing strategies based on market conditions and revenue targets for a portfolio of apartment communities; 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 (SEATTLE) Marcus & Millichap is promoting Armand Tiberio to the position of first vice president investments from vice president investments. BIERBRIER DEVELOPMENT, INC. (LEXINGTON, MA) Bierbrier Development is promoting Casey Piche to the position of director of leasing and development. WRIGHTWOOD CAPITAL HIGH YIELD PARTNERS FUND II (CHICAGO) Wrightwood Capital is promoting Dan Hartman to their fund management team as senior regional director of the High Yield Partners Fund II for the Northeast and Midatlantic states. 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. JONES LANG LASALLE (SAN FRANCISCO) Jones Lang LaSalle is hiring Jason Volpe as SVP of the tenant representation team in San Francisco. Prior to joining JLL, Volpe was with Studley in Chicago and San Francisco. GRUBB & ELLIS CO. (BOSTON) Grubb & Ellis is hiring Jason Cameron as vice president, office group. MOHR PARTNERS, INC. (DALLAS) Mohr Partners is hiring Melissa Copley as managing partner of its Chicago office. She joins Chris Bargowski, Managing Partner of Mohr’s Chicago office since 2005. COLLIERS INTERNATIONAL (SOUTHFIELD, MI) Colliers International is hiring Charlie Barnes as the director of asset services for southeast Michigan and is a member of the Colliers Asset Resolutions Team for North America.