The real estate recession of the 1990s followed by the tech boom siphoned young talent from real estate leaving a gap in the 40 – 50 year old category, executives who would otherwise be today's management. This has created an interesting dynamic. Even younger talent are moving into leadership roles, with the boomer generation now reporting to bosses who are the age of their children, or even grandchildren. This “age inversion” which is occurring in a greater number of organizations is resulting in less productivity.
I found an article in the Wall Street Journal that reported a recent study of nearly 8,000 employees at 61 German companies found that workers at firms with younger managers reported more negative emotions and lead indirectly to worse organizational performance. With more professionals working longer and a reduction of mandatory retirement policies, relatively young talent are getting the nod for management roles, increasingly because more companies are also moving toward performance-based hierarchies rather than seniority based career ladders.
As we move closer to a new decade, the era of young upstarts is going to play an even greater role in the workplace.
Job Listings
ULLICO Inc.
Senior Portfolio Analyst
(SAN FRANCISCO, CA) Successful candidate will be responsible for tracking project performance, analyzing financial projections, and updating internal reporting for existing loans within the real estate portfolio; and assisting in the research, underwriting, due diligence, and preparation of investment approval memoranda for new loan commitments.
MONDAY PROPERTIES
Associate – Acquisitions and Investment Management
(WEST LOS ANGELES, CA) Duties include underwriting potential acquisition, development and joint-venture opportunities; developing property investment cash flow projections in Excel and Argus; and supporting transaction timeline, due diligence and data collection efforts.
SAN FRANCISCO GIANTS
Project Manager
(SAN FRANCISCO, CA) Mission Rock, a partnership between the Port of San Francisco and the San Francisco Giants, is a neighborhood outreach and community planning, and outlines specific steps for transforming a surface parking lot into new affordable homes, jobs, and waterfront open space. Position will focus on the entitlement process for Mission Rock.
CITY OF MADISON
Principal Planner – Comprehensive Planning & Regional Cooperation Section
(MADISON, WI) Planner will lead the Comprehensive Planning and Regional Cooperation (CPRC) Section, an experienced eight-person team of planners and data specialists responsible for maintaining and tracking progress on the City's Comprehensive Plan, planning for efficient future growth on the periphery of the city, data management, and relationship building with area municipalities and other government entities.
CISO LABS
REIT investment Analyst
(NEW YORK, NY) Analyst will identify, analyze and present US/European REIT and REOC long and short opportunities to members of the Investment team; maintain company/sector models; and review financial and legal agreements.
THE HOWARD HUGHES CORPORATION
Vice President of Development
(DALLAS, TX) Reporting to the SVP of Development, the VP of Development will be responsible for coordinating key aspects of the development process having a primary focus within designated cities or a region.
JLL
Transaction/Account Manager
(HOUSTON, TX) Manager will be responsible for creating a competitive advantage for Jones Lang LaSalle by proactively managing and addressing the clients' needs. This role will be located on site with the client, and the Manager will act as the primary point of contact for delivering Jones Lang LaSalle advisory and transaction services.
TRANSWESTERN COMMERCIAL SERVICES
Director, Finance and Accounting
(DALLAS, TX) Director will assume a strategic role in the overall management of the business and in developing best-in-class accounting, reporting and administrative processes. This professional will be directly involved in the development of financial plans and compliance policies, accounting oversight and reporting, cash management, and financing activities associated with acquisitions and refinancing or dispositions.
The real estate recession of the 1990s followed by the tech boom siphoned young talent from real estate leaving a gap in the 40 – 50 year old category, executives who would otherwise be today's management. This has created an interesting dynamic. Even younger talent are moving into leadership roles, with the boomer generation now reporting to bosses who are the age of their children, or even grandchildren. This “age inversion” which is occurring in a greater number of organizations is resulting in less productivity.
I found an article in the Wall Street Journal that reported a recent study of nearly 8,000 employees at 61 German companies found that workers at firms with younger managers reported more negative emotions and lead indirectly to worse organizational performance. With more professionals working longer and a reduction of mandatory retirement policies, relatively young talent are getting the nod for management roles, increasingly because more companies are also moving toward performance-based hierarchies rather than seniority based career ladders.
As we move closer to a new decade, the era of young upstarts is going to play an even greater role in the workplace.
Job Listings
ULLICO Inc.
Senior Portfolio Analyst
(SAN FRANCISCO, CA) Successful candidate will be responsible for tracking project performance, analyzing financial projections, and updating internal reporting for existing loans within the real estate portfolio; and assisting in the research, underwriting, due diligence, and preparation of investment approval memoranda for new loan commitments.
MONDAY PROPERTIES
Associate – Acquisitions and Investment Management
(WEST LOS ANGELES, CA) Duties include underwriting potential acquisition, development and joint-venture opportunities; developing property investment cash flow projections in Excel and Argus; and supporting transaction timeline, due diligence and data collection efforts.
SAN FRANCISCO GIANTS
Project Manager
(SAN FRANCISCO, CA) Mission Rock, a partnership between the Port of San Francisco and the San Francisco Giants, is a neighborhood outreach and community planning, and outlines specific steps for transforming a surface parking lot into new affordable homes, jobs, and waterfront open space. Position will focus on the entitlement process for Mission Rock.
CITY OF MADISON
Principal Planner – Comprehensive Planning & Regional Cooperation Section
(MADISON, WI) Planner will lead the Comprehensive Planning and Regional Cooperation (CPRC) Section, an experienced eight-person team of planners and data specialists responsible for maintaining and tracking progress on the City's Comprehensive Plan, planning for efficient future growth on the periphery of the city, data management, and relationship building with area municipalities and other government entities.
CISO LABS
REIT investment Analyst
(
THE HOWARD HUGHES CORPORATION
Vice President of Development
(DALLAS, TX) Reporting to the SVP of Development, the VP of Development will be responsible for coordinating key aspects of the development process having a primary focus within designated cities or a region.
JLL
Transaction/Account Manager
(HOUSTON, TX) Manager will be responsible for creating a competitive advantage for
TRANSWESTERN COMMERCIAL SERVICES
Director, Finance and Accounting
(DALLAS, TX) Director will assume a strategic role in the overall management of the business and in developing best-in-class accounting, reporting and administrative processes. This professional will be directly involved in the development of financial plans and compliance policies, accounting oversight and reporting, cash management, and financing activities associated with acquisitions and refinancing or dispositions.
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Anthony J. LoPinto
Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.
