It was announced on Sunday that well known Chinese and Brazilian families acquired a 40% interest in the prized NYC General Motors Building in a deal that establishes an implied value of the asset at $3.4 billion, a price which likely makes it the most valuable office building in the United States. The iconic building, which was completed in 1968, has had quite a run over the past 10 years. In 2003, the GM building set the North American real estate sales record for the price of an office building when it was sold to the Macklowe Organization for $1.4 billion, and then in 2008 it was traded by Macklowe who was caught in the fiscal crisis at the onset of the great recession, for a ticket price of an estimated $2.8 billion to a joint venture between Boston Properties, Goldman Sachs Real Estate Opportunities Fund and Meraas Capital (a Dubai based real estate private equity firm). Boston Properties will retain its 60% interest in the building after the sale. I review the facts associated with the history of the building trades because it highlights the extraordinary demand for interests in trophy New York Properties. I reckon that we'll see more action over the next few months as investors with partial interests in prized NYC office buildings are willing to trade their interest for sky-high core asset values.

Tony LoPinto

HAMMES COMPANY
Director of Capital Markets
(BROOKFIELD, WI) The director of capital markets will have primary responsibilities for supporting project underwriting of potential real estate investments, placement of project debt, performing complex financial models to evaluate development and acquisition opportunities, evaluating new business pursuits, and assisting in the strategic initiatives to maximize value in real estate ownership. A minimum of seven years of progressive work experience in finance, capital markets, or real estate required.

CLARION PARTNERS
Acquisition Officer
(DALLAS) Clarion Partners seeks an acquisition professional to be an integral part of a team that sources, underwrites, evaluates, structures, and closes private equity investments in large institutional quality real estate properties located throughout Texas. This position will be based in Clarion's Dallas office and report to team leadership in New York. Specific duties include assisting in sourcing and evaluating investment opportunities consistent with client-specific and general firm investment criterial. Focus will be on all asset types and cover all areas of risk and involve substantial interaction with real estate brokers and owners. The ideal applicant will have pre-existing relationships with an extensive number of local market participants.

REDWOOD TRUST, INC.
Residential Correspondent Business Development Coordinator
(MILL VALLEY, CA) Duties include managing all stages of implementation, following a pre-determined implementation guide; sending out all documents, templates, seller guides, NDA's, applications, guidelines and other items directed by the SRM's; proficiency in performing Seller Portal Demos and handling follow up questions/tasks; upon direction of an SRM, gather prospective seller information (Wold survey) for SRM review; coordinating seller set ups in Lending Space with go-live dates in SalesForce; coordinating operational contacts with seller set ups; supporting GSE set up implementation; notifying Denver operations regarding on-board timing; creating timely sales/production reports for SRM's and management; and managing RWT relationship with pricing services, i.e. Optimal Blue, NYLEX.

ESSEX PROPERTY TRUST
Asset Management Analyst/Associate
(PALO ALTO, CA) The analyst/associate will be an integral member of the asset management team with significant accountability for fundamental research and financial modeling. Additional duties include researching and presenting market and economic fundamentals and emerging trends relative to firm's property sectors and projects; industry analysis analysis, portfolio and property-level research projects; supporting the investment process in analysis, underwriting and preparation of investment materials both for internal and external constituents; performing financial analysis/modeling, including cash-flows analyses and valuations; analyzing operating reports and financial statements to evaluate performance and working effectively with property management team to maximize cash flow on a portfolio; analyzing and preparing recommendations for potential capital investments; and managing the annual operating budget review and approval process.

AEW CAPITAL MANAGEMENT
Asset Management Analyst
(BOSTON) The position will support the asset manager in the Direct Investment Group on retail assets through data collection, cash flow modeling, competitive analysis, research analysis and annual business plan and budget preparations; prepare quarterly cash flow projections; share accountability for budgeted results and support the budget versus actual analysis; support in restructurings, sales and asset financings as required; understanding capital and investment structure and the relationship between property operations and investment performance; and support industry related projects including annual updates on sector and information gathering.

PORT SAN ANTONIO
Vice President, Real Estate Management
(SAN ANTONIO) The position will be responsible for the overall management and performance of all real estate, and personal property; manage commercial, industrial and residential real estate properties for the Port and manage activities concerned with maintenance of Port facilities; discuss terms and conditions for providing real estate management services with clients and drafts agreements stipulating extent and scope of management responsibilities, services to be performed and cost for services; support development in the preparation of lease or rental agreements for commercial property; collect specified rents and impounds for real estate, rail port and airport services; and direct arrangements for alterations, maintenance, upkeep or reconditioning of property as specified in management services or lessee's agreement.

HEALTHCARE TRUST OF AMERICA
Property Manager
(SCOTTSDALE, AZ) The position will be responsible for the successful day-to-day financial, administrative and maintenance operation of multiple healthcare related properties within a region while assuring the company's standards are achieved and excellent customer service is delivered. Specific duties include ensuring contacts with tenants on a regular basis to assess needs, provide tenants with company information and finds ways to encourage continuous occupancy in building; preparing property budgets; ensuring all rents are collected in accordance with property budget and tenant lease; and preparing monthly financials, report on variances, operations, and accounts receivables.

CASSIDY TURLEY
Associate, Leasing
(BALTIMORE) Responsibilities include working with existing clients to market and lease investment real estate; representing the interests of client firms to locate Industrial space (including preparing surveys, conducting tours, evaluating proposals, conducting financial analysis, and reviewing lease documents); preparing marketing materials in conjunction with the marketing manager/coordinator for landlord rep assignments; assisting the marketing manager/coordinator with the planning and implementing of all leasing special events, including, broker parties, building events, closing dinners, etc.; and acting as liaison between the client and other brokers involved in the project to ensure that information flow is effective and timely between all parties.

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