For the last decade I have trumpeted ushering in of the new business year the day after Labor Day. I revel in observing that the rhythm of business tracks the seasons, and after the lazy days of summer business reignites and gears-up for a marathon to the following July when the business cycle wains into what used to be a slumber. Not so this year!
The real estate industry is in overdrive, and a summer slumber was not in the cards this year as business activity maintained a fast pace throughout the month of August. There is no stronger evidence that markets are red hot than yesterday's Wall Street Journal report that construction of skyscrapers is grinding to a halt as manufacturers and fabricators of curtain wall glass cannot keep up with demand because factories were mothballed or worse, went out of business in 2008 and 2009 during the recession when development went kaput. We have now come full circle and development is in red hot, but there's no glass.
For a growing number of urban developers it's not going to be a Happy New Year as they try to figure out how to deal with significant construction delays and skyrocketing costs for curtain wall that accounts for over 25% of the construction budget.
Sponsored Job:
ULLICO INC.
Senior Portfolio Analyst
(SAN FRANCSICO, CA) Successful candidate will be responsible for tracking project performance; preparing and analyzing financial projections; and updating internal reporting for existing loans within the real estate portfolio. (Sponsored Job)
BIOMED REALTY
Manager, Finance
(SAN DIEGO, CA) Position will support corporate finance functions including earnings forecasts, planning and analysis, and preparation of materials and presentations to investors, lenders, ratings agencies, and senior management.
HEALTCARE TRUST OF AMERICA
Assistant Property Manager
(AUSTIN, TX) Manager will be responsible for performing property management duties and providing administrative and property management support to the property management team. Role will work with tenants, building engineers, property managers, vendors and regional management to ensure that property management services are delivered adhering to the highest standards.
PROLOGIS
Senior Leasing Manager
(EAST RUTHERFORD, NJ) Duties include driving and executing leasing transactions, renewals and maintaining positive relationships within an assigned portfolio. Manager will drive growth through successful marketing, negotiations, and leasing transactions.
CBRE
Director of Engineering – Hospitals
(BROOKLYN, NY) Responsible for managing the strategic operations of assigned hospital facilities to ensure the operations, maintenance, and vendor management standards of the contract are met in a cost effective, safe and efficient manner.
FIDELITY INVESTMENTS
Research Associate, High Income Real Estate Debt Securities
(BOSTON, MA) Position will analyze real estate debt securities, primarily CMBS, by conducting property and market due diligence, analyzing historical financial statements, projecting future cash flows and estimating property values.
CUSHMAN & WAKEFIELD
Director of Project Management
(MINNEAPOLIS, MN) Director will oversee project team operations, resource allocation and project workflow. The DPM may also perform day-to-day PM tasks as needed. Must have experience managing an integrated, strategic and tactical Project Management team.
ADT SECURITY
Senior Manager Real Estate Transactions
(BOCA RATON, FL) Successful candidate will manage the execution of real estate transactions for North America real estate portfolio. Position will also support the overall management of real estate through negotiation, vendor management, financial analysis, project management, etc.
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