Bad News Offshore
Last week the US Commerce Department reported that the big brand name US multinational companies have been cutting back their work forces in the United States while hiring abroad. In the 2000s, 2.9 million domestic jobs were cut, while 2.4 million were added overseas. Not surprisingly a large proportion of jobs were added in Asia by big businesses such as Microsoft, GE, Caterpillar, and Wal-Mart. This is bad news for the US economy. This trend signals that the US economic recovery is not going to result in the kind of job growth that has historically occurred when the tide turns. Alas, we are probably in for a longer lag in the real estate recovery.

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 LOCATE A JOB

HFF, L.P.
Producer Debt
(IRVINE, CA) The producer will be responsible for originating, structuring credit terms, negotiating and closing commercial real estate loans, and/or equity joint ventures for multi-family, industrial, retail, office space or other types of commercial properties; and working closely with the local markets, borrowers and lending customers of commercial real estate, and develop significant long term relationships with the borrowers and service providers to promote those markets; among other duties.

CB RICHARD ELLIS
Asset Services Director
(TORRANCE, CA) The director will be responsible for business unit's financial performance in market or region within market; providing recommendations for tactical and strategic planning; and market analysis and asset positioning consultation; among other duties.

ERNST & YOUNG
Corporate Real Estate Advisory Services Manager
(NEW YORK CITY) The manager will effectively manage and motivate client engagement teams with diverse skills and backgrounds; provide constructive on-the-job feedback/coaching to team members; foster an innovative and inclusive team-oriented work environment; and play an active role in counseling and mentoring junior consultants within the organization; among other duties.

REIT MANAGEMENT & RESEARCH LLC
Assistant Controller
(WATERTOWN, MA) The assistant controller will review cash and GAAP accrual financial reports, escalation billings, budgets, re-projections, variance analysis of all properties within regional responsibility. Must display ability to take full ownership of assigned tasks; ensure that monthly, quarterly, and annual accounting closes and reporting is accurate and completed within scheduled dates, and in compliance with GAAP; meet with Accounting Managers on a quarterly basis to review balance sheet accounts and related reconciliations; and ensure that accounting practices are in accordance with GAAP, and in compliance with RMR’s system of internal controls; among other duties.

iNVENTIV HEALTH
Director, Corporate Real Estate and Facilities
(BURLINGTON, MA) The director will develop and implementation of a global real estate and workplace strategy, standards, guidelines and procedures to support and enhance InVentiv's business plan; develop and maintain a complementary plan recognizing the mix of corporate, business unit and third party outsources that will be required to deliver; recommend an annual investment plan, with a rolling multi-year view of prioritized action for each market and location; and develop and implementation of Corporate /Regional property initiatives to achieve a consistent vision and standard; among other duties.

GREENSTREET PARTNERS, LP
Real Estate Analyst
(COCONUT GROVE, FL) The analyst will work alongside senior acquisition and asset management professionals performing property-level due diligence and financial analysis, market research, and portfolio-level analytics and quarterly reporting; and support senior investment and asset management professionals in the acquisition and day-to-day management of office, retail, and industrial commercial real estate properties; among other duties.

LOWE ENTERPRISES, INC.
Senior Vice President – Northern California – REG
(SAN FRANCISCO) The SVP will be responsible for the day-to-day management of the North First Street Land development, and San Mateo Executive Park, as well as subsequent development projects and value add acquisitions; direct business development efforts to grow Lowe Enterprises’ activity in Northern California; and establish and manage a sustainable, diverse real estate development business in the Northern California; among other duties.

BERKSHIRE PROPERTY ADVISORS
Divisional Vice President
(LAUREL, MD) The divisional VP will provide leadership and active presence in creating, implementing and achieving property management's philosophy, mission, strategic goals, business plan, organization plan, financial plan, and the processes necessary to produce value increases and profit through assigned division; balance needs of corporation and portfolio; and determine current and future critical organizational building blocks for success and efficiently hires, develops, motivates and retains high-quality talent to fill key positions within the division; among other duties.

Promotions SUBMIT A PROMOTION

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.