Harvard Business School of Economics, together with Columbia University's Business School, studied the work ethic of the CEOs of family-owned businesses. The results found that family CEOs worked 8% fewer hours than execs without “genetic” connections.

No way, I take exception! Once-upon-a-time, I worked for a mega-sized family-owned real estate business, and the family CEO trumped the intensity, commitment and time on the job of any previous experience I had with CEOs in the public sector.

More recently, I had the opportunity to become an entrepreneurial CEO, and I've never worked harder. The Harvard and Columbia study is interesting, but is misses a critical factor . . . skin in the game.



Sponsored Jobs


CIM GROUP
1st Vice President, Asset Management
(LOS ANGELES/NEW YORK) Position will have overall responsibility for asset management of stabilized assets in a given region, asset type and/or portfolio. Duties include overseeing management of assets to achieve maximum NOI for each property in assigned portfolio; providing direction and oversight to Regional VP and other members of the Property Management team; coordinating with other internal departments on issues such as budgeting, expense monitoring, contract implementation, risk management and the like to enhance returns and mitigate risks; conducting due diligence, reviewing, negotiating, and commenting on all key documents; and overseeing day-to-day interaction/negotiation with CIM internal departments, attorneys and outside parties throughout the life-cycle of the asset by executing the approved business plan. Minimum ten years of public REIT experience required. Position can be based in either Los Angeles or New York.


ROSS STORES, INC.
Facility Engineering Director-Corporate Properties
(NEW YORK, NY) Role will primarily support the day-to-day technical building and facility operations as well as support the long-term strategic direction for the New York Buying Office (NYBO) site which will be fully occupied by more than 1,200 Ross associates in early 2014. This role may also be responsible for supporting the technical building operations for other East Coast Corporate Properties. Responsibilities include establishing and managing all facility and engineering processes, policies and procedures; overseeing engineering projects; managing technical issues with non-Ross building tenants; budgeting for capital and operating expenses; and managing and maintaining internal relationships with process partners and key business contacts.


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CSM CORPORATION
Analyst, Real Estate and Hotel Development
(MINNEAPOLIS, MN) This position will be responsible for providing detailed and comprehensive analyses of various operational, financial and other performance trends for CSM's current portfolio of hotels. In addition, this position will research, analyze and develop market data for potential lodging acquisitions, dispositions and third party management opportunities; and perform the primary analytical functions on all new lodging development and acquisition transactions.


LYON COMMUNITIES
VP, Acquisitions
(NEWPORT BEACH, CA) Position will have direct responsibility for enhancing Lyon's multifamily investment and implementation strategy and developing a value add pipeline of attractive multifamily investment opportunities. In addition, this person will assist the SVP, Investment Management in capitalizing new investments, and future investment vehicles. As part of the leadership team of the firm, the Vice President will work with peers in Asset Management, Property Management, as well as the General Counsel. Direct responsibilities include: identifying attractive multifamily value add acquisition opportunities within Lyon's target markets; leading the investment process from sourcing through due diligence and closing; and designing an individual repositioning strategy specific to each acquisition that will drive revenue and operating performance.


CUSHMAN & WAKEFIELD
Account Management Global Lead
(DALLAS, TX) The Account Management Global Lead will drive the strategic development and leadership of all Account Management Services for all regions, acting as the primary point of contact for the Client's global leadership team as well as an integrated team member. The Global Lead will implement objectivity, strategic advice and sharing of best practices with an understanding of the client's business and perspective. All Account Management Services will be coordinated, managed and tracked through the Global Lead who will have full responsibility for all related activities, pursuant to the terms of the Client.


DRA ADVISORS, LLC
Valuation Analyst
(NEW YORK, NY) The Analyst will be responsible for the quarterly valuation of commercial real estate, including office, retail and multi-family assets. Additional responsibilities include financial modeling in Argus and Excel, property due diligence, appraisal work and other special projects as needed. Candidate should have a Bachelor's degree in business, finance, or accounting with 3-5 years work experience in the Real Estate sector. Argus and Excel modeling a must.


NATIONAL RAILROAD RETIREMENT
Investment Director – Global Real Assets
(WASHINGTON, DC) Position will have a broad range of responsibilities including: research and development of investment strategies; sourcing, analyzing, due diligence, and recommendation of new investment opportunities; monitoring performance analysis of existing investments; participaing in the formation of the Trust's strategic asset allocation strategies; and supervisory responsibility for the Trust's Real Asset analyst. Current portfolio is a globally diversified real asset portfolio with 46 limited partnership interests and 3 public REIT manager accounts.


STANFORD UNIVERSITY
Real Estate Associate
(PALO ALTO, CA) The Real Estate Associate will be responsible for a variety of analytical and project management duties in the Stanford Real Estate office (“SRE”), the group tasked with managing Stanford University's non-academic commercial land endowment of over 14 million building square feet. The Associate will work directly with the Managing Directors and Directors of the Real Estate office on the annual portfolio valuation effort, acquisitions of strategic assets, dispositions of non-core holdings, and entitlement/development projects. The Associate's primary responsibilities include building discounted cash flow models and performing sensitivity analyses to evaluate real estate opportunities, preparing and editing pro forma analyses of potential developments, determining the annual valuation of all real estate assets managed by SRE, preparing investment strategy materials and performance reports for the Stanford Management Company Board of Directors, miscellaneous presentations, and assisting with the due diligence of investments and dispositions.

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