Amateur Hour
I've been biting my lip over the last few weeks, holding back from commenting on the rhetoric going on in Washington over the debt ceiling and the threats that the impasse may lead to a default by the federal government on its financial obligations with an inability to pay its bills. Last night was the final straw as President Barack Obama, on prime-time national television, warned in his starkest terms yet that the US is on the brink of a default that could trigger an economic upheaval. House Speaker John Boehner responded, again on prime-time TV, by dismissing not only the President's approach, but virtually his entire record in office. The highly visible public discourse, back-biting, and open threats of imminent economic calamity is an amateur hour of the first order. I expect that, when all is said and done, the bureaucrats will raise the debt ceiling a few trillion here or there, hike taxes on a select few, hug each other, and turn back to fundraising for their next re-election campaigns. God bless America.
Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job OpportunitiesINVESCO
REIT Securities Analyst
(DALLAS) The analyst will have strong technical skills coupled with a discerning eye that can move beyond the mechanics of real estate securities analysis to take a long view of performance; performing a multitude of duties.
MADISON CAPITAL MANAGEMENT
Vice President, Real Estate Asset Management
(GREENWOOD VILLAGE, CO) The VP will monitor the overall operational and financial performance of real estate investments; negotiate and insure compliance with asset management, senior mortgage loans, property management /leasing, sale brokerage, construction management and other material vendor agreements; and develop, analyze, evaluate, recommend and execute on interim and exit strategies for investments; among other duties.
HFF
Industrial Specialist
(IRVINE, CA) The industrial specialist will be responsible for originating, directing the marketing, negotiating and closing commercial real estate sale assignments, and/or equity joint ventures for industrial or other types of commercial properties; working closely with the local markets, sellers and purchasers of commercial real estate; developing and maintaining long term relationships with private and institution owners, investors and service providers to promote new business; among other duties.
CITY OF VANCOUVER
Deputy Director of Planning
(VANCOUVER, BRITISCH COLUMBIA) The deputy director of planning will be responsible for issues of management, administration and human resources affecting the Planning Department as a whole in collaboration with the Assistant Directors and the Director of Planning; among other duties.
GENERAL GROWTH PROPERTIES
Sr. Finance Analyst - Investments
(CHICAGO) The analyst will underwrite real estate acquisitions and/or dispositions including preparation of cash flow projections in excel and Argus; assist in analysis of potential investments and preparation of detailed memos used to evaluate investment opportunities; and assist in the development of reporting to support executive business decisions and meet internal client requirements; among other duties.
SAVILLS LLC
Vice President and Associate
(NEW YORK CITY) The associate will be responsible for developing pro forma financial models and assisting in the preparation of investment sales and debt/equity capitalization offering memoranda, reviewing lease documents and other related materials, and gathering and evaluating real estate market data as part of the due diligence process; while the vice president will responsible for the preparation of investment sales and debt/equity capitalization offering memoranda, participation in the marketing and due diligence processes, and the development of new business pitches; among other duties.
DANBE PARTNERS, LLC
Senior Asset Manager
(CHICAGO) The manager will resolve non-performing loans including borrower negotiation, transaction management and closing; develop and execute detailed Business Plans and budgets for resolution of each assigned performing and non-performing loan and REO including alternative analysis and asset valuation; and manage enforcement of lender's rights including foreclosure, litigation, and negotiations in addition to closely managing all aspects of the legal process; among other duties.
INDUSTRIAL INCOME TRUST
Acquisition Associate
(NEWPORT BEACH, CA) The acquisition associate will be responsible for modeling and valuation analysis (Argus and Excel) for potential acquisitions of industrial properties; due diligence and research of market conditions including location assessment, rent comparables, sales comparables and reproduction costs; monitor transaction progress and assist with closing; 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.
MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
(ENCINO, CA) Marcus & Millichap is promoting Justin White to vice president, Pacific Northwest.
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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