Yesterday in President Obama's inaugural address he outlined a number of lofty goals. I focused on where his agenda coincides with the interests of the real estate community, and without a doubt, his focus on global warming won the day for me. I am convinced that the environment is among the most critical issues of the day. When Hurricane Sandy descended upon New York City, we witnessed the East River overflow. The submerged FDR Drive and Wall Street was river front property. This has never happened before, but is sure to happen again, and again. The "Sandy Event" was a wake-up call on a grand proportion. Regardless of whether global warming is man-made, or a natural climatological change, we need to begin now to deal with its consequences, and developers might want to start looking inland for choice waterfront development sites.

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.

CUSHMAN & WAKEFIELD
Senior Property Manager
(JERSEY CITY) Senior property manager will direct all phases of the building's operation and react to any emergencies in a manner which not only instills confidence in both the employees and the occupants, but also results in a minimum amount of discomfort, damage or injury to persons, equipment and other property. The position will be responsible for the entire building operation and the coordination of all building services and occupant requirements.

AMERICAN REALTY CAPITAL
Asset Manager
(NEW YORK CITY) The candidate will provide asset management support for ARC's New York Recovery REIT which presently owns 16 office and retail properties valued in excess of $500 million in metropolitan New York. This fund is expected to double in size during the next year. Duties include creating annual property budgets; serving as the direct liaison with tenants and resolve operational matters; negotiating vendor service agreements; monitoring accounts receivables and initiating collection initiatives as needed; and periodically inspecting properties and ensure tenant compliance with maintenance and repairs.