Google announced yesterday that it is restructuring. The most exciting—and without question one of the most successful enterprises of the Internet era—is aging, as reflected by the company's announcement that it is reorganizing and separating its highly profitable search and advertising business from fledgling efforts in an array of so-called moonshots.

The new structure creates a holding company, Alphabet Inc., that will manage each of its exploding new businesses, including those building robots and self-driving cars, helping to cure disease, developing nanoparticles and extending Internet connectivity via balloons. Arguably, Google is one of the most creative companies on Google Earth, but the announcement of the reorganization signals that it is losing its nimbleness, and has reverted to a ballooning corporate structure that will likely slow the creative processes that made it what it is today.

I remember when Microsoft was the epitome of creative hyper-growth and the darling of the technology age. Today, Microsoft struggles with change and has become bloated, and a laggard on the creative front. In the Internet age, the shelf life of high-growth technology companies is often measured in years and not decades. Mind you, Google has plenty of juice left to continue its mission, but when we start to hear the word reorganization, you worry when Google abandons digits for alphabet soup.

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HARVARD UNIVERSITY
Project Manager
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USAA REAL ESTATE COMPANY
Senior Director Investment Accounting
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LANDMARK PROPERTIES
Acquisitions & Development Analyst
(ATHENS, GA) will be a member of the development team, working to underwrite new development opportunities in student housing. Position will use and modify development models to build pro formas and understand cash flows for potential developments and analyze and compare complex partnership agreements and capitalizations.

THE HOWARD HUGHES CORPORATION
Vice President of Development
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Director of Space and Capital Planning (MSP IV)
(SAN FRANCISCO, CA) provides key leadership in UCSF Campus Planning to direct the planning of UCSF's capital and space strategies to identify and address space and facilities needs to support its mission. This includes assessment, space program development and alternatives analyses, facilitation of capital/space solutions and approvals, project documentation, capital plan and policy development and management of the capital and space planning staff in the department.

TIAA-CREF
Director, Commercial Mortgage Investments
(NEW YORK, NY) Director will perform financial analysis and transaction underwriting for newinvestment opportunities and originate loans primarily in the specified geographic region; provide analysis for new investments, including discounted cash flows, financial and credit analyses of properties, locations, markets, borrowers and other due diligence; and manage investment opportunities/activities/assets.

PHYSICIANS REALTY TRUST
Senior Investment Analyst
(MILWUAKEE, WI) Duties include evaluating potential acquisitions by gathering and analyzing data, preparing investment briefs, and other related responsibilities in order to help coordinate all necessary steps in the due diligence process. Additional duties include assuming responsibility for developing detailed and accurate financial models, analyzing investment opportunities, and creating and maintaining complex cash flow models.

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