The New Norm
The growing lack of confidence in our Washington bureaucrats, and increasing concern over the tipping-point of European Sovereign debt, had Wall Street and the global markets on a roller coaster ride that may have ushered in a “new norm” of economic uncertainty that, unfortunately, will persist until the US and other global debtor nations make material moves to get their houses in order. Entitlements, fiscal excesses, hopeless wars in foreign lands and broken tax systems all need fixing, yet the bureaucrats can’t seem to get out of their own way. Confidence is at the root of an economic recovery, and the lack of it fuels decline. I fear that what we witnessed over the past two weeks is a clear indicator of a lack of confidence, so we are in for a tough slog until we get our fiscal house in order. Ponder this: Last week Apple had more cash in the bank than the US Treasury; $76.2 billion versus $73.8 billion. I vote the White House job for Jobs.
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 Opportunities <!--HFF
Producer – Investment Sales –Industrial
(IRVINE, CA) The producer 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; 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.
MARCUS & MILLICHAP
Sales Manager
(SAN DIEGO) We seek seasoned managers within the commercial real estate sector, professionals who possess a track record of success at the transactional level and the management level. Specific experience identifying and recruiting new associates and experienced agents is required.
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JONES LANG LASALLE
Director Facilities Management
(DETROIT) The director will oversee the operation, staffing, performance and development of the facilities management service delivery staff; ensure client satisfaction by providing a seamless interface; demonstrate leadership, responsiveness and creativity; and oversee the development and management of the capital and expense budgets; among other duties.
SELECTLEADERS
Vice President Real Estate – Acquisitions & Asset Management
(WHITE PLAINS, NY) The VP will be responsible for the underwriting and due diligence of each transaction including financial modeling, market surveys, tenant credit analysis, broker interviews; order, coordinate, and analyze third-party reports; and generate offers for investment opportunities and negotiate and execute letters of understanding with prospective sellers; among other duties.
KAISER PERMANENTE
Executive Director, National Facilities Services
(AURORA, CO) The executive director will be responsible for strategic management, technical and administrative support for facilities planning, acquisition and operations; among other duties.
SELECTLEADERS
Head of Appraisal
(NEW YORK CITY) The head of appraisal will manage the company's commercial appraisal function and be an exceptional leader for a large team across several regions; among other duties.
Forest City FOREST CITY
Director of Strategic Energy Programs
(CLEVELAND) The director will implement enterprise wide energy efficiency strategies and establishes a process of continuous improvement for existing assets and new developments; oversee development and implementation of strategic energy efficiency and systems projects and makes recommendations on capital investment planning and prioritizations; and collaborate with procurement on equipment negotiations and contractual terms for energy related vendors; among other duties.
TISHMAN SPEYER
Analyst
(WASHINGTON, DC) The analyst will be responsible for developing a detailed understanding of each investment and working with the portfolio management team in creating and implementing specific property and portfolio management strategies; creating and updating internal single-asset and portfolio-level cash flow pro formas and valuations; and conducting real estate market research to provide a competitive analysis for properties in the portfolio and to evaluate lease proposals and alternative leasing strategies; among other duties.
CB Richard Ellis CB RICHARD ELLIS
Strategic Consulting Director
(REDMOND, WA) The director will understand and be conversant with space management process, tools and outputs and reviews and approves key utilization statistics; bring strategic concepts and portfolio planning practices and efficient real estate usage, such as portfolio market analysis; lead initiative support from business case development through rollout; and manage the teams that provides initiative support and development for RE&F; among other duties.
DRA ADVISORS LLC
Acquisitions Associate
(NEW YORK CITY) The associate will be responsible for market analysis, financial modeling, cash flow analysis, lease review, and due diligence activities for new acquisitions; 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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