Good Stuff

The unemployment rate for the 16-to-24 age group reached a record 19.6% in April, double the national average. What a mess, and not quite the recovery we expected by now. Among the unfortunate youth are freshly minted real estate undergraduates, MBA’s, JD’s, and others with degrees that were big ticket items, who are now begging for jobs. It’s important that we all focus on this situation, otherwise we will end up with a deeper talent gap in an industry that is already short on talent for tomorrow. If you don’t have an approved job slot, establish an intern opportunity. It will provide exceptional and critical leverage in a job hunt. Good stuff all the way around.

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

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ING CLARION Acquisitions Analyst (BOSTON) The analyst will be responsible for assembling and modifying discounted cash flow projection models with respect to an investment, utilizing both Excel and Argus; assist with all due diligence relating to new investments including but not limited to the review of third party environmental and engineering reports, title, survey, historical financial statements, leases, and market research; and assembling and drafting investment memos to be presented to ING Clarion’s Investment Committee; among other duties. PRUDENTIAL Manager, Asset Management (DALLAS) The manager will provide oversight and direction to team members for the review, analysis, and negotiation of complex requests from borrowers; provide coaching and mentoring to team members; review current processes and recommend process improvement as appropriate to enhance productivity, efficiency and customer service; among other duties. JONES LANG LASALLE Regional Healthcare Director (SAN FRANCISCO) The director will ensure the execution of aggressive growth targets based on an assessment of current region as well as overall market potential; coordinate the development of a proactive solutions engine with the national healthcare team that addresses client pain points; establish and articulate the value proposition and ensure its implementation across the region; among other duties. CITIGROUP Global Lease Administration Head (NEW YORK CITY) The position will drive consistency across regions and functions; lead functional integration of Latin America into alignment; be responsible to major business for CRS; and work to identify savings appropriate for CRS; among other duties. GRAMERCY CAPITAL CORP. Senior Accountant (NEW YORK CITY) The senior accountant will be responsible for preparing or reviewing weekly and monthly accounting procedures, such as journal entries, closing schedules, working papers and basic financial reporting schedules, etc; preparing and maintaining financial analyses and ad hoc reports for review with management; ensuring implementation of new accounting policies and procedures; and assisting in the preparation of financial statements and SEC filings; among other duties. CUSHMAN & WAKEFIELD Director of Research (MCLEAN, VA) The position is responsible for managing research products and analysis; overseeing and direct production of market reports, statistics and forecasts; managing multiple office locations, provide research and support for office, industrial, multi-family and retail sectors; work with brokers to prepare presentations; interact with media, supervise staff; utilize proprietary and third party databases; among other duties. CAPMARK AVP Asset Management Analyst (NEW YORK CITY) The analyst will assist a group of asset managers in the day to day management of a portfolio of loans and REO properties; spread and normalize actual operating statements; develop cash flow projections using Argus and Excel; create multiple cash flow projection scenarios and sensitivity analyses to be used to develop asset valuation ranges; work with asset managers to develop value maximization strategies and help implement steps needed to achieve such strategies; 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.
EMCOR GROUP, INC. (NORWALK, CT) EMCOR Group, Inc. is promoting Anthony J. Guzzi to chief executive officer, succeeded Frank T. MacInnis who is retiring. Guzzi was elected to the Board of Directors in December 2009, will remain a director of the company, and will retain the title of President.
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.
CALLAHAN CAPITAL PARTNERS (CHICAGO) Callahan Capital Partners is hiring Jim Evans as the chief investment officer. AVISON YOUNG (TORONTO) Avison Young is hiring David Lieberman as a sales representative for the multi-residential division of the capital markets group. EDGE COMMERICAL (BETHESDA, MD) Edge Commercial his hiring Michael A. Rubin to support the tenant advisory group. MARCUS & MILLICHAP (PHILADELPHIA) Marcus & Millichap is hiring Corey Lonberger as an associate vice president investments (AVPI) in the Philadelphia office. Prior to joining Marcus & Millichap, Lonberger was a broker for CB Richard Ellis.

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