The digital revolution continues to slay industry victim after industry victim; books and bookstores, newspapers, camera film, travel agents, records & CD's, yellow pages, and the list goes on and on. Yesterday it claimed its newest victim when National Envelope Corp began the process of filing for bankruptcy protection. Over the weekend I read an article about the company's obvious plight, fewer and fewer of us are using envelopes. In my desk drawer at home I noted a box of envelopes that I purchased about 8 years ago, and I doubt that I have used 5 of the 500 envelopes. Then I pondered that I had switched all of my bills to auto pay and thus ended my receipt of paper statements in National Envelopes. Alas, I am going to miss those envelopes, safe, sane, secure and free from government intervention.

Tony LoPinto

GENERAL GROWTH PROPERTIES
Manager, Investments
(CHICAGO) The manager, Investments will be responsible for managing the day-to-day financial analysis for potential GGP investments as well as oversight of the underwriting process for real estate acquisitions and/or dispositions. Specific duties include managing the preparation of cash flow projections in excel and Argus; reviewing and creating analysis of potential investments and preparation of detailed memos used to evaluate investment opportunities; and reporting to support executive business decisions and meeting internal client requirements.

PIMCO
Associate
(NEWPORT BEACH, CA & NEW YORK CITY) Duties include developing cash flow projection models with respect to an investment, including direct investments, joint ventures, developments, structured finance, corporate transactions, and performing/non-performing loan portfolios; assisting with all due diligence relating to new investments, including the review of business plans, third party reports, title/survey, historical financial statements, leases, vendor contracts, and market research; assisting with deal execution, including drafting and negotiating acquisition and joint venture term sheets, and reviewing deal documentation; assisting in asset-level credit underwriting of CMBS loans; and procuring asset level debt financing and implement hedging mechanisms as necessary.

USAA REAL ESTATE COMPANY
Client Communications Director
(SAN ANTONIO) As a leader of the Global Investors Group team, the client communications director will be responsible for developing and writing communication and marketing strategies and overseeing the planning and implementation of external investor communications and marketing materials. The director will support the investor communications process by leveraging firm resources to craft and respond to formal RFPs for the firm's investment advisory services. In addition, the director will help organize the flow of client and prospect inquiry requests and coordinate the response processes for Request for Proposal (RFP), Request for Information (RFI), questionnaires, and other requests.