September 11
Eleven years ago today the US was attacked and the World Trade Center towers fell. Today the site of Trade Center buildings hosts one of the most sophisticated transit hubs and a commercial office and mixed-use development scheme that rivals any other. I highlight this, not only because it is the anniversary 9/11, but also to celebrate that the renewal and rebirth of the site that is testimony to the resilience, resolve, and extraordinary abilities of our of the US development community. The redevelopment, a technical feat of extraordinary proportions, has been fraught with debate, litigation, seemingly insurmountable obstacles, governmental meddling, and a host of other challenges. However, throughout the process, in partnership with the development-friendly Bloomberg administration, private developers led by Silverstein and corporate owners such as Goldman Sachs who have reinvested in downtown, have produced what not only will be recognized as the greatest memorial to the victims of 9/11, but also a monument to the growing ranks of victims who worked on clearing a site that is now known to have been a brew of deadly carcinogens.
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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.
INTERWEST CAPITAL CORP.
Asset Manager
(LA JOLLA, CA) Interwest Capital Corporation is a privately held commercial real estate firm based out of La Jolla, CA. Interwest Capital specializes in the acquisition of opportunistic real estate investments as well as performing and non-performing commercial real estate. The company is looking for an asset manager with a strong background with multifamily assets. Then position will be responsible for the day-to-day interaction with third-party property management. Experience in the following areas of property management and leasing is required: review and analysis of operating and financial reports and preparing evaluations of asset performance.
KEYBANK
Facilities Manager, Corporate Real Estate Services
(ALBANY) Duties include managing of all property operations, performance and service delivery; leadership of third-party service providers to ensure all preventive and corrective maintenance is performed in an effective and efficient manner; developing annual capital improvement budget to maintain the value and appearance of each property; managing annual operating expense budget for each property; updating all RES database systems in a timely manner; developing short- and long-term strategies to minimize deferred maintenance; implementation of quality programs that support sustainability and continuous improvement in the management and operations of all properties; and managing assigned capital improvement projects within a portfolio of properties.
BLT HOMES
Asset Manager
(MEMPHIS) Key duties include working daily with the local partner's CEO, newly-hired CFO, and acquisition team members to evaluate new acquisition opportunities; ensuring BLT Homes' standard underwriting criteria are applied to individual home acquisitions or bulk purchases and to confirm closing and settlement statements are accurate; establishing business processes and controls for a new relationship with the goal of building a $100million-plus portfolio of institutional quality rental homes; managing financial reporting, analysis, forecasting, cash management, budgeting, and audit process; and partnering with operator's finance department to prepare quarterly financial and investor statements and compliance reports for lenders, cash management, internal audit, financial and asset management reporting, and general business oversight.
THE COLLIER COS.
VP Operations
(GAINSEVILLE, FL) The Collier Companies, a leader in multi-unit residential student housing communities, is seeking an experienced vice president of operations to join their team. Responsibilities include overseeing the day-to-day operations of an 11,000 unit portfolio located across eight markets; and direct supervision of regional management team, with accountability for monthly financials, revenue, occupancy maintenance of the communities. Multifamily housing experience required. Previous regional management experience, managing a portfolio of at least 3,000 units across multiple sites, also required.
NORTHMARQ CAPITAL
Senior Investment Analyst
(BETHESDA, MD) NorthMarq Capital is seeking a senior investment analyst to support the Washington Metro Production staff. The position will be responsible for providing support to the Washington, DC office through underwriting, due diligence, servicing, closing and various support functions; provide commercial real estate research and analysis services; prepare preliminary and final investment reports in compliance with company guidelines and investor requirements; perform loan underwriting including financial analysis, coordination of due diligence materials, inspection of properties and ordering and analyzing credit reports and other pertinent underwriting criteria; and prepare summary analysis of leases for use in investment reports.
PALMER CAPITAL INC.
Capital Markets Partner
(SACRAMENTO) Palmer Capital Inc., an industry leading private commercial real estate firm, is seeking a real estate professional to join its capital markets team headquartered in Sacramento. The firm is recognized for innovative business strategies that source investment opportunities as well as provide debt and equity placement for office, industrial, and retail properties in multiple Western markets. The successful candidate will be responsible for underwriting, marketing, structuring debt and equity, and the management of client relationships. A Bachelor's degree is required, as well as experience in commercial real estate.
DEUTSCHE BANK
Client Reporting Analyst
(CHICAGO) The client reporting analyst will be responsible for performing a monthly close on one open end REIT fund which includes reporting to consultants and Investors. Other external reporting includes reporting fund information to NCRIEF and IPD. This position will also prepare internal management return reports and miscellaneous requests from marketing and client relations; conduct monthly and quarterly closes for one open end REIT fund; assist with RFP data production; participate on department projects as needed, such as Industry compliance, system conversions; lead creation of ad-hoc reports in excel generated from performance system; and prepare fund submission to NCREIF and IPD.
CB RICHARD ELLIS
Real Estate Economist
(BOSTON) The successful candidate will work extensively with individual asset and market level data dealing directly with the US Industrial market. This economist will be responsible for producing forecasts and analysis while meeting deadlines, contributing to consulting projects, and will be expected to be creative and comprehensive as they will represent CBRE EA as a thought leader in commercial real estate. All economists are on-call to assist clients whenever the need arises. This economist will also represent CBRE EA at conferences and public events.
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JONES LANG LASALLE
(FORT LAUDERDALE, FL) The firm named Brady Titcomb research manager for multifamily.Titcomb previously served as Jones Lang LaSalle's Director of Research for the state of Florida.
STUDLEY
(PALO ALTO, CA) Global commercial tenant advisory firm Studley promoted Ham Southworth to senior managing director from corporate managing director.
CUSHMAN & WAKEFIELD
(EAST RUTHERFORD, NJ) Commercial real estate services firm Cushman & Wakefield, Inc., has promoted two industrial brokerage specialists to the position of senior associate. Based in the Cushman & Wakefield East Rutherford office, Robert Adams of Sparta and Rachel Pittard joined the firm as associates in 2007 and 2009, respectively.
CBRE
(CHICAGO) CBRE is pleased to announce that Steve Roth and Steve Kundert have joined the firm's Debt & Equity Finance team in Oak Brook, IL, as executive vice president and vice president, respectively. Both were previously with Grubb & Ellis.
RKF
(CHICAGO) RKF announced that Steve Schwartz and Lara Keene have joined the firm's Chicago office as directors. Schwartz and Keene were formerly of Baum Realty Group, LLC.
SPECTOR GROUP
(NEW YORK CITY) Spector Group, a metropolitan New York-based architecture, master planning and interior design firm, announced that Jeff Fells has joined the firm in the newly created role of director of business development. Fells joins Spector from Empire Office, where for the past three years he served as vice president of real estate and corporate sales.
HFZ CAPITAL CORP.
(NEW YORK CITY) Laurie Golub has joined HFZ as general counsel and chief operating officer. Golub was previously general counsel and managing director of business affairs at Africa Israel, USA.
PLAZA CONSTRUCTION
(NEW YORK CITY) Construction announced today that four new estimators have joined the company's existing 33-strong estimating force. The new hires are: Ed Zelazy, chief estimator, MEPS; Philip Townsend, senior estimator; Randall J. Mahncke, project estimator; and Paul Dispensa, mechanical estimator.
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