Say “Cheese”
About a year ago I lamented the demise of Kodachrome, the venerable film that rendered exceptional photographs, and joy, to millions of professionals and amateurs for generations. Yesterday I read an article in the Wall Street Journal which reported that Kodak’s shares plunged 27% and the company is teetering on the brink at $1.27 a share. On the real estate front the company is scrambling to sell off and lease pieces of its “once flourishing” corporate campus to generate cash. The company is a case study for not foreseeing the impact of new technology on its core business and failing to adapt. The last five years are littered with other companies that missed the boat--Blockbuster, Borders, the music industry at large--all sticking with hard goods and missing the digital sea change. Alas, Kodak may soon fall into the same bucket; it actually already has, it’s just a matter of time before the last flashbulb goes off. It behooves every business to read the tea leaves and adapt to shifting technologies and new innovations which will, if not embraced, make relics of once-thriving companies. This also applies to how companies incorporate technology into their businesses and services to make them more efficient, and thus more competitive.
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 OpportunitiesROSS STORES
Real Estate Law Attorney/Director
(PLEASANTON, CA) The attorney/director will negotiate and draft leases; supervise and review the preparation of memoranda of lease and other related documents by paralegals; review due diligence lease materials and analyze the impact on the lease and transaction; and prepare lease amendments and letter agreements, as requested by Management; among other duties.
ROCKWOOD CAPITAL LLC
Analyst
(SAN FRANCISCO) The analyst will be responsible for underwriting and determining valuation for potential real estate acquisitions of office, retail, apartment, land, and data center properties; performance of due diligence, conducting market research, modeling cash flows, and analysis of deal structures; and assistance in financial analysis for asset management; among other duties.
CITY OF WEST PALM BEACH
Economic Development Manager
(WEST PALM BEACH, FL) The manager will be responsible for providing leadership in the implementation of innovative economic development plans and programs related to business attraction, retention and stimulating economic growth for the City of West Palm Beach; responsible for the development of the City's comprehensive business plan including collecting and analyzing data on current business conditions, preparation of marketing plans for national and international outreach, and identifying entrepreneurial strategies; among other duties.
CLARION PARTNERS
Senior Associate – Hospitality Investments
(DALLAS) The senior associate will be responsible for asset management of assigned hotel investments with analytical analysis, retrieving relevant data from internal and external sources, and communicating information to hotel managers, Portfolio Management and other firm stakeholders; completing regular onsite property inspections and effectively leads owner meetings; and interacting in a thoughtful and collaborative manner with hotel management, with a goal of enhancing asset value through product positioning, revenue maximization, cost effective operations and delivering high levels of guest service; among other duties.
SELECTLEADERS
Assistant Director of Operations & Facilities Management
(NEW YORK CITY) The assistant director will be responsible for reporting to the Director of Operations, the Assistant Director of Operations will provide 2nd shift supervision and management of in-house staff and oversee all third party capital, repair, and maintenance programs.
HEALTHCARE TRUST OF AMERICA
Asset Manager
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