A bit of history . . . I was a newly minted NYSE REIT chief financial officer in 1994, and I had the pleasure of attending a dinner during a NAREIT conference hosted by Wells Fargo's real estate banking team. I was lucky to be seated next to Martin Bucksbaum, CEO of General Growth Properties, and I vividly recall the conversation with one of the icons of our industry.
Like so many real estate institutions, General Growth was started as a “family” business. The company was founded in 1954 by the Bucksbaum family and went public in 1972. In 1984 the family didn't feel that the stock price adequately reflected the value of the assets and took the company private, delivering a 22% return to its shareholders.
Fast-forward nine years, and GGP issued another public offering in 1993. The company had a great run until the music stopped in 2008, ultimately leading to a bankruptcy filing in April 2009. It was a meteoric rise and fall of a great company.
But the story wasn't over. GGP navigated the crisis under the protection of the bankruptcy courts, and in November 2010 the company emerged from bankruptcy. The final chapter of a remarkable turnaround occurred yesterday when GGP became an S&P 500 company.
Remarkable, and a testimony to the resilience of our industry.
ROSS STORES, INC.
Director, Real Estate
(PLEASANTON, CA) Position will direct the analysis, selection, negotiation, administration and coordination of Ross' new store Real Estate program, and/or the relocation, replacement, expansion and surplus store programs as assigned by the Regional Vice President of Real Estate, Vice President of Real Estate, and Sr. Vice President of Property Development. This position will act as the primary Ross representative in dealings with landlords; negotiate the business points for sites approved by the company as well as lease renewals, store expansions, modifications and surplus store space available for sublease; travel to required market areas to visually inspect and evaluate proposed sites, existing stores and competitors within the trade area; and find, evaluate and investigate multi market store site locations.
LUCESCU REALTY
Senior Vice President, Underwriting
(NEWPORT BEACH, CA) Reporting directly to the President/CEO, the SVP will be responsible for overseeing the preparation of detailed Opinion of Values, Offering Memorandums, and customized research and/or financial reports for the Company; managing a staff of growing Financial Analysts, Market Analysts, and Design/Production staff; enhancing systems/procedures to accommodate geographic and volume growth; acting as a primary point of contact with Company's clients in the underwriting process; assisting President/CEO in making sales presentations and developing customized proposals; participating in the evaluation and execution of product and geographic growth initiatives for the Company.
NATIONAL ASSOCIATION OF REAL ESTATE BROKERS
Executive Director
(LANHAM, MD) The Executive Director will be responsible for the consistent professional leadership and management of NAREB and will work in concert with the Board, President, members and chapters to move NAREB forward in the development and implementation of internal and external goals that reflect the organization's vision, mission and business plan. Additional duties include providing administrative support to execute the strategic plans of the Board of Directors; understanding and executing NAREB's contractual and administrative requirements of all programs approved by the Board; providing member services that create value and growth opportunities for NAREB members; serving as a continuous spokesperson for industry and government relations; and increasing funding sources.
CITY OF GRAND RAPIDS
Assistant Planning Director
(GRAND RAPIDS, MI) Responsibilities include oversight and coordination of short- or long-range and strategic planning functions, as well as policy and program development and implementation; coordination of diverse groups from within and without city government; supervision of professional, paraprofessional, technical and clerical staff.
CORNELL UNIVERSITY
University Planner
(ITHACA, NY) Reporting to the University Architect, position will be responsible for campus facilities planning services. The University Planner will have a high degree of accountability with regard to establishing planning frameworks, creating planning initiatives, building planning teams of appropriate stakeholders, and establishing and gaining consensus for these issues. Specific responsibilities include: directing the activities of overall facility Master Planning, including development and updating of campus development and precinct planning guidelines, relative to such universal issues as campus growth, transportation, parking, circulation, landscape, and special value sites or buildings. ?
BENTLEYFORBES
Controller
(LOS ANGELES, CA) Controller will be responsible for oversight of all finance, accounting, and reporting activities; develop presentations to Management, Executive Committee, Board, and other various committees. In addition, Controller will lead day-to-day finance operations and supervise a team of staff members, including functional responsibility over accounting, accounts payable, accounts receivable, payroll, and lease/loan/tax administration.
HEALTHCARE TRUST OF AMERICA
Property Manager
(ATLANTA, GA) 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. The Property Manager will work closely with the management to determine portfolio operating objectives and plans to achieve them.
UBS GLOBAL REAL ESTATE
Asset Manager
(SOUTHLAKE, TX) Duties include developing, communicating, and supervising operating strategy for assigned portfolio of properties with goal of maximizing total investment returns; demonstrating full command of all aspects of the asset ranging from physical, legal, and operational to market issues; developing annual business plan, operating budget, and hold/sell strategy for each assigned asset; following thorough analysis of options, direct, negotiate and approving property level transactions to include leasing decisions, marketing strategy and capital improvements; directing lease negotiations; and supervising the performance of property management firms, leasing companies, and 3rd party vendors such as legal and engineering support.
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