Surprise, Surprise

I recently read an article in the Wall Street Journal about a study performed by DDI (Development Dimensions International), a global talent management firm, that indicated that only 51% of new hires are confident that they made the right decision when they accepted a new job. The report went on to say that the main reason for the skittish behavior is that they received an inaccurate picture of the job and "internal" situation at the company. Listen, we all go into "sell mode" when we find a candidate that we like who fits bull's-eye for the role, but as indicated by the survey results, all too often hiring managers go over the line and do not disclose important facts about internal politics, weak performers who will impact the new recruits role, or they spend inadequate time providing a comprehensive position description or realistic "MBO's that will impact the new recruits' year-one role. The first six months are critical for a new employee, regardless of the level, to integrate into a new company in a new role. It behooves hiring managers to find the right balance between selling and adequate disclosure when interviewing candidates, otherwise you may be in for an expensive and time-consuming turnover in the ranks of fresh new talent.

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 LOCATE A JOB CUSHMAN & WAKEFIELD
Senior Property Manager
(MCLEAN, VA) The position will be responsible for managing one or more commercial properties, multi-asset facilities, or a complex in an efficient and value enhancing manner that is consistent with the overall strategic plan for each property, facility or complex; assuming accountability for all business, financial, personnel, and management aspects of the assigned properties including preparing, implementing and adhering to the approved strategic plans, individual and overall budgets, coordinating and leading the management and staff of each property; monitoring the supervision of the day-to-day activities of the property staff in delivering services and support to the client(s) and tenants. INVESTMENT PROPERTY DATABANK LTD
Performance Analyst
(CHICAGO) The performance analyst will develop strong relationships with key representatives within client organizations; develop an in depth understanding of company's clients portfolios and be up to speed, at all times, on changes within their organizations; assume responsibility for helping ensure that the clients make the most of the company's existing products and services and understand the analysis being delivered; coordinate data provision and assembly in accordance with time table; validate and load of data into the IPD database; produce and verify client performance and risk analytics and assist in the preparation of client presentations; and attend client presentations.

RIET MANAGEMENT & RESEARCH LLC
Area Chief Engineer
(CHICAGO) The Chicago area chief is responsible for the overall management and operation of the mechanical, life/safety, electrical, plumbing, elevators and building envelope and for the supervision of all engineers and other on-site mechanical and maintenance staff for Metro Chicago portfolio, which consist of 15 assets totaling over five million square feet. Reporting to the regional vice president or area manager with technical oversight from the manager of national engineering and facility operations, the area chief strategically and tactically manages issues that include indoor air quality regulations, building codes, energy management technology, staffing and for operations pertaining to the acquisition of new properties within the area.

JONES LANG LASALLE
Financial Analyst - Brokerage
(SAN FRANCISCO) The position will work with senior brokers to develop follow-up materials for clients (e.g., lease comparisons, market overviews, market presentations, coordinate information with other departments and brokers); perform complex financial analyses with minimal supervision, including cash flow projections, valuation models, and sensitivity analyses; create sophisticated Excel-based analytical tools including macro-enabled financial models; review and analyze client's quantitative portfolio data, legal documents and other materials as part of project due diligence process; and provide clients with industry and market specific information as it relates to their business and maintain contact information on prospects.

PENN-FLORIDA
Vice President, Acquisition and Research
(BOCA RATON, FL) Penn-Florida Companies, a Boca Raton-based property owner, manager and commercial development company, is seeking a highly-qualified individual to support property acquisition activities as well as manage various research and analytical requirements of the organization. Duties include evaluating feasibility of new and potential projects along with senior management and planning teams; analyzing both debt and equity investments across multiple property types; managing property level owner and partner-equity account reporting requirements; creating budgets, pro-formas, and economic analysis including property-level ARGUS models; making recommendations to align the company-wide real estate portfolio with the organization's goals, needs, and acceptable risk levels; and overseeing market research and maintains an active knowledge of the market including trends, market rates, and competitive projects.

PRUDENTIAL
Senior Loan Closer, Investment Operations
(ARLINGTON, VA) PMCC is seeking a Loan Closer to join its Agency Closing team. The Closing Team's primary responsibility is to coordinate the closing of multifamily loans in accordance with the Fannie Mae DUS™, Freddie Mac and PMCC guidelines. Responsibilities include managing multiple multifamily commercial agency loan closings from pre-closing to post-closing; ensuring diligent communication between PMCC, Counsel and Borrowers; coordinating rate lock between PMCC and Borrowers; preparing transaction appropriate investor waivers to include loan document modifications; reviewing and accurately delivering loans to investor for purchase; working with insurance consultants to acquire all required insurance accord forms and policies needed for closing.

CBRE
Senior Director - Asset Services
(LOS ANGELES) The position will be responsible for business unit's financial performance in market or region within market; provide recommendations for tactical and strategic planning; provide market analysis and asset positioning consultation; assist in acquisition underwriting and due diligence; new business development, including identification of opportunities, client solicitation, proposal development, and presentation; and interact regularly with clients to ensure that objectives are being met.

THE TOWNSEND GROUP
Analyst
(SAN FRANCISCO) Analysts participate in all aspects of its investment management business, and interact regularly with senior management within the firm. Responsibilities include: assisting with strategy development portfolio construction; building and maintaining portfolio modeling tools; preparing investment recommendations and presenting them to Townsend's investment committee for comment and approval; preparing quarterly performance reports; overseeing the administration of existing and prospective client investments; participating in research projects and other market analyses; and evaluating manager performance and other prospective investment due diligence initiatives.

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.

MARCUS & MILLICHAP
(SALT LAKE CITY) Marcus & Millichap Real Estate Investment Services promoted Jason Smith to senior associate in the Salt Lake City office. Most recently, Smith was an associate with Marcus & Millichap, a position he has held since November 2006.

PERKINS+WILL
(WASHINGTON, DC) Perkins+Will announced the promotion of Cassandra Cullison to Associate Principal. Most recently she has managed multiple projects for the GSA at the St. Elizabeths West Campus development in DC.

GROSVENOR AMERICAS
(WASHINGTON, DC) Grosvenor Americas is strengthening its development team in Washington, DC with the addition of Don Capobres, senior vice president, development. Capobres has moved from GA's San Francisco headquarters to Washington, where he will head the company's East Coast development enterprise.

New Hires POST A NEW HIRE

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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