No Borders
Global headlines reported over the weekend that Borders books readies to file for bankruptcy protection as it flounders in a sea of hard covers and paperbacks, while people snuggle up in an easy chair by a cozy fire with Kindles, Nooks and iPads. I still love browsing in a crusty bookstore, but, alas, I now have 18 books loaded on my iPad, and frankly wonder if I'll ever buy another hardcover. Amazingly, Amazon reported a week or two ago that digital book purchases outpaced the paper stuff. This is just more tangible evidence that the digital revolution is a game changer for real estate, yet few are adapting. Savvy real estate execs will focus on the evaporation of retail and office occupancy as digits replace the need for square feet. If I were the CEO of a significant real estate enterprise, I would launch a search, tomorrow, for a Chief Digital Officer. No kidding.
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 OpportunitiesSIONI AND PARTNERS
Associate - Investment Sales Division
(NEW YORK CITY) The associate will be responsible for the sale of investment properties; effectively structure transactions from conception to finalization; assessing and underwrite investment opportunities; preparing proposals and offers; marketing and positioning an asset; and developing a client base; among other duties.
PRG REAL ESTATE MANAGEMENT
Regional Director
(PHILADELPHIA) The regional director will be responsible for maintaining the integrity of the physical asset and maximizing the cash flow from the asset in accordance with company standards; implements programs to achieve the region`s financial, operating, and resident services goals; coordinate with the property manager to ensure that the company's policies and procedures are followed; and be responsible for hiring, training and development of all property personnel in specified portfolio; among other duties.
PRUDENTIAL
Associate Manager, Treasury
(DALLAS) The associate manager will be responsible for daily production of wire transfer/ACH transactions; daily production of checks; forecasting of daily cash position; and achievement of established metrics and service levels; among other duties.
ELLIS PARTNERS LLC
Senior Project Manager
(SAN FRANCISCO) The senior project manager will be responsible for oversight of commercial real estate projects, including ground-up construction, renovations, and tenant improvements within a Bay Area portfolio of office, retail, and industrial properties; among other duties.
JONES LANG LASALLE
Analyst, Capital Markets Healthcare
(BOSTON) The analyst will perform complex financial analyses with minimal supervision including cash flow projections, corporate finance evaluation and Argus investor valuation models; research and evaluate real estate market, economic and demographic data for input into industry level and project specific deliverables; and review and evaluate property and portfolio data, lease and legal documents and real estate due diligence materials; among other duties.
COLLIERS INTERNATIONAL
Global Account Manager
(CHICAGO) The manager will be responsible for developing and implementing account and portfolio strategies and processes, as well as for oversight of all of our client's global real estate transactions; ensuring continued account process improvement, as well as for planning; recommending and implementing portfolio strategies; coordinating and implementing global real estate services and transactions; and developing and overseeing operational processes and delivering innovative solutions to align our client's business and real estate goals; among other duties.
WEINGARTEN REALTY INVESTORS
Regional Director of Development
(HOUSTON) The director will be responsible for sourcing new development opportunities, obtaining investment committee approvals, and managing projects from concept to stabilization with the intent of executing approved business plans and achieving defined investment hurdles; among other duties.
GREYSTAR INVESTMENT GROUP
Investment Associate
(IRVINE, CA) The associate will be responsible for sourcing new prospective investment opportunities; engaging with brokers, equity partners, lenders, attorneys, and all other related internal departments, as appropriate; financial analysis of investment opportunities, including the creation of detailed pro-forma models; and market investigation of potential acquisitions, competitive properties and local market fundamentals; among other duties.
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.
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