On the Home Front - 09.28.2010
In a meeting yesterday with the head of a top-tier banking business, he relayed a story about a common friend of ours who is an investor with a top-tier investment house that has been under stress working through its '07 - '08 "issues." The story goes that as the investor was leaving his house one Monday morning, his wife mentioned that she was planning a day of shopping. His response was, "if you can't eat it, don't buy it." In one form or another, this attitude continues to be echoed across most consumer fronts. Unfortunately there is a daily vote of "no confidence" in many households, and this continues to dampen the recovery. On a more positive note, the banker also noted that he expects that the two-year stall is coming to an end as the public markets continue to reset balance sheets, and distressed asset sales begin to hit the market. That's the oil we need to get the machine moving again, and for our friend to give his wife the okay to stop by Nordstrom's on her way to the grocery store.

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.

9/11 MEMORIAL
Senior Advisor for Operations
(NEW YORK CITY) The senior advisor will oversee and, where required, assist with the management and implementation of critical and time sensitive projects and issues for the EVP, Operations; lead effort by the department directors to develop and update strategic and operating plans; in conjunction with the EVP, Operations, ensure the development of and adherence to departmental missions, policies, and protocols; oversee development of key performance indicators (metrics) and regular reporting against same; and coordinate all operations-related board communication, requests for approval and presentations; among other duties.

COSTAR GROUP
Director of Investor Relations
(WASHINGTON DC) The director will develop and implement a formal strategic plan for investor relations that increases shareholder value and enhances the company's image in the investment community; and develop effective benchmarking metrics for measuring the effectiveness of the plan, and report progress through periodic updates; among other duties.

DUKE REALTY CORP.
Assistant Vice President, Acquisitions East
(INDIANAPOLIS) The assistant VP will be responsible for the implementation of Duke Realty's Acquisition strategy including covering acquisition opportunities in assigned markets, underwriting deals, negotiating purchase price, and leading internal teams to transaction closing; and will target investments that will produce superior risk-adjusted returns of high-quality industrial, medical office and suburban office products consistent with the company's long-term strategic plan; among other duties.

TORCHLIGHT INVESTORS
Analyst
(NEW YORK CITY) The analyst will assist in development and utilization of proprietary credit analysis system and economic models; perform asset level underwriting of commercial mortgage backed securities (CMBS) and commercial real estate related financing opportunities; assist with asset management responsibilities of current CMBS portfolio; perform competitive market analysis for all major commercial property types and monitor market trends; and identify potential risks and present credit analysis to senior underwriting committee; among other duties.

BIOMED REALTY, L.P.
Senior Project Manager
(ROCKVILLE, MD) The senior project manager will provide project management and other support for east coast development and construction projects, including planning, design, communication, coordination and project resolution to ensure that development project goals are met; overall planning and execution of development and construction projects; among other duties.

POST INVESTMENT GROUP
Vice President of Asset Management
(LOS ANGELES) The vice president will develop and manage the asset management platform for over 8,000 multi-family units predominately located throughout Texas; negotiate and administer the property level contracts including but not limited to laundry, cable, internet and utility contracts; monitor loan agreements and equity partner agreements to ensure compliance in reporting; and review, analyze and report on the performance of the portfolio; among other duties.

JONES LANG LASALLE
International Transaction Manager
(MINNETONKA, MN) The manager will independently execute a large number of complex, large and mid-size international transactions with a high level of proficiency and knowledge; refine existing transaction processes and procedures; establish client satisfaction objectives, specific programs and initiatives to meet client needs with the Transaction Team Lead, CRM and Account Director; proactively advise on the client's international real estate portfolio; and manage the administrative responsibilities associated with Transaction Management services; among other duties.

SELECTLEADERS
Duke Realty Corporation, Acqui
(BOSTON) The Duke Realty Corporation, Acqui will create pro forma financial models for the financial analysis of investment properties debt transactions and other structured finance transactions; assist in the preparation of offering memorandum packages and new business presentations; gather and evaluate real estate market data; due diligence collection and review; and provide general analytical support to the deal team.

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
(CHICAGO) Jones Lang LaSalle is promoting Peter Bulgarelli to chief operating officer for the firm's Healthcare Solutions group. For the past four years, Bulgarelli has served as Jones Lang LaSalle's Global Client Relationship Manager for P&G.

PM REALTY GROUP
(HOUSTON) PM Realty Group is promoting Wade Bowlin to executive vice president and managing director of the firm's Central Division.

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.

FRANKLIN STREET
(JACKSONVILLE, FL) Franklin Street is hiring David Hsieh as a partner of the real estate services division to lead the newly opened office in Jacksonville. He was previously a vice president in Marcus and Millichap's Jacksonville office.

AVISON YOUNG
(TORONOTO) Avison Young is hiring Tim Novak as a broker.

NIXON PEABODY LLP
(SAN FRANCISCO) Nixon Peabody LLP is hiring Allan E. Low to the real estate practice group focused on real estate finance, transactions and real estate development projects. He joins Nixon Peabody from Luce Forward in San Francisco.

LEE & ASSOCIATES-L.A. NORTH/VENTURA, INC.
(CALABASAS, CA) Lee & Associates is hiring Jeff McGuire as a principal specializing in the sale of mid-sized multi-family properties throughout Southern California, with an emphasis on the West Los Angeles, San Fernando Valley and Ventura County markets. McGuire was formerly with ReMax Commercial where he was a senior investment advisor.