The Wall Street Journal ran an article today about Starwood's rollout of virtual hotel room keys that are stored in smart phone apps. With this application, you'll be able to zip past the front desk, avoid the lines and open you hotel room door with the flick of a wrist using your phone.
You should expect that the virtual key will become a staple for all major brand hotels in the not too distant future. However, one can't help but suspect that the new key app technology will emerge across a wide range of uses across all forms of real estate, from the home to the apartment—and all sorts of public facilities.
Working with a client in their office for a couple of days? No problem, your host will ping you and presto, you have unfettered access to the firm's locked offices, public bathrooms and the like.
And of course, on your way into the office, you pay your taxi fare with Way2Ride, a cool new app that enables you to pay with your phone and it gets charged directly to your credit card.
The technological changes that lay before us are fantastic, exciting, and they will be transformative.
Sponsored Jobs
WASHINGTON STATE INVESTMENT BOARD
Investment Officer
(WASHINGTON, DC) The primary role is to work with the Real Estate Team in overseeing real estate partnerships. This position may participate in a variety of aspects of the real estate program including; management of a sub-portfolio of investment relationships; leading and strengthening relationships with senior management teams of portfolio companies; providing strategic direction to investment partners; due diligence and underwriting of new investments; and, providing feedback and input related to overall strategic needs of the portfolio. Team members are actively involved with the portfolio's investments.
GREYSTAR
DC Metro Based Marketing Professional
(MCLEAN, VA) Greystar is currently seeking a motivated Marketing Professional with superstar potential to support the marketing initiatives for the Company's international portfolio of apartment communities. This role is based in the Washington DC area and will support the International Marketing Director in developing strategic and tactical marketing plans for properties in the UK and Mexico. Position will assist in developing the branding for the international assets as well as relevant marketing channels like property websites, collateral and advertising. Qualified candidates possess employment history that demonstrates the application and usage of a marketing background sufficient to coordinate and support company-wide marketing and advertising initiatives and programs for this international portfolio.
MISSION CAPITAL ADVISORS, LLC
Senior Real Estate Finance Professional
(NEW YORK, NY) As a relatively new group, candidates will have minimal client coverage conflicts with other team members and can also call on blocked relationships at their existing firms. The candidate's clients will also have access to Mission's industry-leading loan sale advisory business, gaining direct exposure to more than $4 billion of annual loan sale opportunities from the federal government, investment banks, commercial banks, finance companies and hedge funds. Duties include managing existing and develop new relationships with owners, developers and investors of commercial and multi-family; completing initial opportunity evaluation and analysis; attending industry conferences, symposia and other high level events; and entertaining clients and assisting with Mission-sponsored events.
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. In addition, the Director, Real Estate will act as the primary Ross representative in dealings with landlords.
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SELECTLEADERS
Associate
(BEVERLY HILLS, CA) Associate will work on a range of real estate transactions across all sectors; perform financial analyses and market research; prepare investment or financing memoranda; assist in the marketing of equity and debt transactions; manage the due diligence process; and evaluate potential investment and financing proposals. He/she will work with directly with a partner of the firm and build an extensive network of client and lending relationships. Additional duties include Capital Markets Assessment; Transaction Structuring; Financing Alternatives; and Valuation and IRR/NPV Analysis.
CITIGROUP
Director-North America Corporate Realty Transactions Head
(NEW YORK, NY) Position will develop and execute transaction practices and structures to meet CRS goals for footprint reduction and productivity; ensure real estate transactions are coordinated and managed centrally in order to ensure negotiation parameters and the transactions process are cost-effective and designed to provide favorable shareholder return and adhere to CRS process and legal/compliance requirements; ensure the optimal solution to Citi's requirements, collaborate with Project, Asset and Building management teams; maximize return on investment and/or minimize expense while following Citi policies and practices; and implement common standards, process and reporting capabilities across Transactions team in all sub-regions on a national basis.
GRAMERCY PROPERTY TRUST
Accounts Payable Analyst
(JENKINTOWN, PA) Responsibilities include: scanning files, retrieving invoice approvals; monitoring 3rd Party invoice workflow; forwarding payables for proper authorization; reviewing the AP aging reports and vendor statements; reviewing invoice coding and oversee onsite check runs to ensure timely payment and accurate recording of invoices; getting proper signatures and mailing all payments prior to payables due date; researching A/P issues and responds to vendor inquiries and internal questions as they arise; and assisting in controlling disbursements in accordance with company cash flow objectives and policy.
METLIFE REAL ESTATE INVESTMENTS
Equity Analyst – Asset Management and Acquisitions
(MORRISTOWN, NJ) The Analyst role is primarily a supporting role to the asset management and acquisitions teams for MetLife's General Account portfolio and third-party investors. The portfolio includes office buildings, retail, industrial, multi-family and hotels. Specific duties include: supporting the Head of Acquisitions in sourcing and originating new equity investment opportunities to satisfy the investment needs of the MetLife general account as well as third party investment accounts; supporting the asset management team in preparation of property operating budgets, capital budgets, income re-projections and Business plans; assisting in underwriting and valuation of commercial real estate assets; and in-depth analysis, assistance with the preparation of transaction approval memoranda.
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