Dozens of the largest cap companies have been reporting earnings over the past couple of weeks and the results thus far are not very pretty, with profits shrinking for the fourth consecutive quarter according to a recent article in the Wall Street Journal. Earnings adjusted for S&P 500 companies are expected to decline 4.7% year-over-year, and that's following a 5% drop last quarter. Corporate profits are being hit on a number of fronts: collapsing oil prices that have battered energy firms, a strong dollar is pounding exporters and low interest rates are squeezing banks, while Apple is suffering some saturation of the phone market. These storm clouds are masked by record highs on Wall Street. History apparently indicates that out of the twelve “earnings recessions” since 1954, nine were followed by an economic recession a year after. The real answer is who knows, but if corporate earnings continue to stumble we are likely at least experience a hefty slowdown. Stay tuned, and proceed with care.

Job Listings

CBRE Transaction Manager Position will manage real estate transaction activities for a defined portfolio of properties on behalf of corporate clients. Duties include: preparing, recommending, and implementing a portfolio-wide transaction strategy for acquiring and disposing of real estate properties. (Sponsored Job) SILVERTHREAD CAPITAL Commercial Real Estate Finance Fund is a legacy B piece buyer, a whole loan pool buyer, a source of warehouse lines. Duties include working with borrowers who seek financing for commercial real estate. (Sponsored Job) NAI NORTHERN CALIFORNIA Regional Sales Manager Duties include: recruiting new and Senior agents and staff; delivering NAI standards of practice to a large junior-agent team; and accepting OM's, E-Mail Marketing, Proposals. (Sponsored Job) TISHMAN SPEYER Assistant Property Manager Manager will maintain, enhance, and create value for the asset during the investment cycle; actively manage the relationships with vendor community and tenants, and TSP management as necessary to ensure the assets achieve maximum value; and work closely with third-party service providers to ensure that assets are managed to yield optimal returns. HUDSON RIVER PARK TRUST AVP for Planning and Real Estate AVP will implement real estate initiatives within the park including developing, negotiating and managing for-profit and non-profit leases, concessions and permits; and initiate planning studies as well working with Executive staff in advancing policy objectives. LIDL US Development Manager Specific duties include overseeing regional scheduling of work in line with company goals and objectives; communicating all issues and risks affecting the projects; and communicating project status to project participants and stakeholders accurately and on time. ORLO FUND Leasing Consultant Consultant will demonstrate community and apartment/model and apply product knowledge to clients needs by communicating the features and benefits; and update availability report, process applications for approvals. (i.e., credit check, rental history, etc.). NATIONAL TRUST FOR HISTORIC PRESERVATION Historic Real Estate Specialist Specialist will provide in-depth real estate development expertise to several key National Trust-related projects and campaigns. This individual will be collaborate with Field Services, Historic Sites, Preservation Resources, and Preservation Green Lab offices and the Trust's Legal Division. Dozens of the largest cap companies have been reporting earnings over the past couple of weeks and the results thus far are not very pretty, with profits shrinking for the fourth consecutive quarter according to a recent article in the Wall Street Journal. Earnings adjusted for S&P 500 companies are expected to decline 4.7% year-over-year, and that's following a 5% drop last quarter. Corporate profits are being hit on a number of fronts: collapsing oil prices that have battered energy firms, a strong dollar is pounding exporters and low interest rates are squeezing banks, while Apple is suffering some saturation of the phone market. These storm clouds are masked by record highs on Wall Street. History apparently indicates that out of the twelve “earnings recessions” since 1954, nine were followed by an economic recession a year after. The real answer is who knows, but if corporate earnings continue to stumble we are likely at least experience a hefty slowdown. Stay tuned, and proceed with care.

Job Listings

CBRE Transaction Manager NEW YORK Position will manage real estate transaction activities for a defined portfolio of properties on behalf of corporate clients. Duties include: preparing, recommending, and implementing a portfolio-wide transaction strategy for acquiring and disposing of real estate properties. (Sponsored Job) SILVERTHREAD CAPITAL Commercial Real Estate Finance Fund is a legacy B piece buyer, a whole loan pool buyer, a source of warehouse lines. Duties include working with borrowers who seek financing for commercial real estate. (Sponsored Job) NAI NORTHERN CALIFORNIA Regional Sales Manager Duties include: recruiting new and Senior agents and staff; delivering NAI standards of practice to a large junior-agent team; and accepting OM's, E-Mail Marketing, Proposals. (Sponsored Job) TISHMAN SPEYER Assistant Property Manager Manager will maintain, enhance, and create value for the asset during the investment cycle; actively manage the relationships with vendor community and tenants, and TSP management as necessary to ensure the assets achieve maximum value; and work closely with third-party service providers to ensure that assets are managed to yield optimal returns. HUDSON RIVER PARK TRUST AVP for Planning and Real Estate NEW YORK AVP will implement real estate initiatives within the park including developing, negotiating and managing for-profit and non-profit leases, concessions and permits; and initiate planning studies as well working with Executive staff in advancing policy objectives. LIDL US Development Manager Specific duties include overseeing regional scheduling of work in line with company goals and objectives; communicating all issues and risks affecting the projects; and communicating project status to project participants and stakeholders accurately and on time. ORLO FUND Leasing Consultant Consultant will demonstrate community and apartment/model and apply product knowledge to clients needs by communicating the features and benefits; and update availability report, process applications for approvals. (i.e., credit check, rental history, etc.). NATIONAL TRUST FOR HISTORIC PRESERVATION Historic Real Estate Specialist NEW YORK Specialist will provide in-depth real estate development expertise to several key National Trust-related projects and campaigns. This individual will be collaborate with Field Services, Historic Sites, Preservation Resources, and Preservation Green Lab offices and the Trust's Legal Division.