Bricks & Sticks

Well, it was bound to happen. In 2009 there was a chorus of news that it would be a decade before real estate development had a chance of happening, even in the major markets like New York. As has been the case in every major recession, when recovery seems to be well over the horizon, the entrepreneurial developer, aided by our resilient economy, starts to put shovels in the ground. On the recruiting front, we are observing a marked increase in demand for development professionals at all levels, increasingly in markets that have been otherwise dormant. For example, there is a boom in housing development in North Dakota to satisfy the explosive demand caused by the oil boom. The development of "Company towns" and support services are kicking up a lot of dust, and we are just at the front end of that cycle. I also spoke to our team in London yesterday, and UK market developers are complaining that there is a dearth of talent to satisfy growing demand. Now mind you, I am not ready to sing happy days are here again, but it's getting close.

Tony LoPinto



ROSS STORES, INC.
Director, Real Estate
(PLEASANTON, CA) Duties include directing the analysis, selection, negotiation, administration and coordination of Ross' new-store real estate program, and/or the relocation, replacement, expansion and surplus store programs. Specific duties include negotiating the business points for sites approved by the company as well as lease renewals, store expansions, modifications and surplus store space available for sublease; training the real estate manager and staff and improving negotiation skills; traveling to required market areas to visually inspect and evaluate proposed sites, existing stores and competitors within the trade area.

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COLLIERS INTERNATIONAL
(ST. LOUIS) Colliers International announced the promotion of brokerage professional Rocky Stenger to vice president. Stenger specializes in leasing of office, industrial and retail properties in the St. Louis market. With seven years in the industry, he works with a variety of clients handling both landlord and tenant representation assignments.

ALEXANDER BUILDING CONSTRUCTION CO.
(HARRISBURG, PA) Alexander Building Construction Co. has promoted Dan Flickinger and Doug Workman to senior project managers. Flicklinger has been with the firm for 15 years, while Workman joined the firm in April of last year.


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SIGNATURE ASSOCIATES
(SOUTHFIELD, MI) Signature Associates, a Cushman and Wakefield Alliance Member, announced that Erica Gordy has joined the Southfield team in the corporate services division. She was formerly with architecture and design firm Perkins + Will in its Washington DC office.

BRADFORD ALLEN REALTY SERVICES
(CHICAGO) Bradford Allen Realty Services announced that Steven Lerner has joined the firm as a director in its consulting services group. Lerner brings over five years of commercial real estate experience to his position, having overseen the North American commercial real estate decisions for Hudson, a professional staffing and solution firm.

GREYSTONE
(NEW YORK CITY) Greystone, a national provider of multifamily and health care mortgage loans, announced the addition of Dale Holzer to the firm's multifamily lending group. Prior to joining Greystone, Holzer served as a vice president of originations at Alliant Capital, LLC.

CBRE GROUP
(LOS ANGELES) CBRE Group, Inc. announced that Travis Swenson, CPA, has been appointed senior managing director and leads the company's real estate accounting services in the United States. He joins CBRE from Deloitte, where he spent 12 years in several positions.

ENGLEWOOD CONSTRUCTION
(CHICAGO) The firm hired five new people for various positions: Patrick Hardy was hired as an estimating engineer and was previously a tech representative at CentiMark Corp.; and Jeanette Wurmond was hired as an accounting coordinator and was formerly an administrative assistant at Streich Corp. Kathleen Schmidt and Tammy Peterson both were hired as estimating coordinators, Schmidt was previously a store manager at Walgreens, and Peterson most recently was a project coordinator at Streich Corp. Joseph Matzke was hired as a field superintendent. Prior to this position, he was an operations manager at Inland Western REIT.

URSTADT BIDDLE PROPERTIES
(GREENWICH, CT) Urstadt Biddle Properties Inc., a real estate investment trust, announced that it has hired Zach Fox to the position of acquisitions manager. He was previously the director of retail and economic development for the Downtown Alliance, where he held a seat on The Real Estate Board of New York's Store Broker's Committee and the ICSC Alliance Planning Committee.


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