Happy New Year

Every year for the first column after Labor Day I wish all of our readers a very happy New Year. Today begins a sprint to the end of the calendar year and the race to next summer, so in many respects it is a business year cycle.

This year the headline is Recession. After almost a ten-year run, everyone is speculating about when the economy will dip into recession, yet most pundits are having a hard time pinning down the real and tangible evidence for a recession with strong employment, continued good news on the corporate earnings front, low interest rates (actually very low), and balance sheets in check.

Of course we have uncontrolled daily tweets out of Washington, a dicey geo-political situation, especially on the China and North Korea front, and turmoil in the UK and Europe. So as we begin the New Year my suggestion is to keep our heads down, disregard all of the static, put numbers up on the board, and hope that the unknown trigger that will actually usher in a recession is still down the road some.

Job Listings

SHORENSTEIN REALTY SERVICES, L.P. Financial Planning and Accounting Manager (SAN FRANCISCO, CA) Duties include: managing assigned areas of DWSCO Accounting, including directing the work of exempt level DWSCO Accountants; ensuring general ledgers are maintained in conformity with Shorenstein’s policies and procedures and in compliance with established internal controls; and preparing consolidations of assigned entities and their affiliate entities, ensuring eliminations, minority interests and company equity are computed and presented accurately.  

MIG REAL ESTATE Director of Development (NEWPORT BEACH, CA) Position will source, analyze, entitle and oversee pre-development and development of new and existing properties in the Western U.S. Director will also be responsible for financial feasibility, entitlements, conceptual design, feasibility, and associated tasks related to developing ground up multifamily and mixed-use projects.  

NUANCE COMMUNICATIONS Senior Director, Global Property Management (BURLINGTON, MA) Position will be responsible for the strategic leadership, management, development and operations of Nuance’s global real estate portfolio across all operating locations. Senior Director will also manage construction work and may coordinate and/or oversee contracted services for major construction.  

CORTLAND Estimator Multifamily Construction (ATLANTA, GA) Position will develop cost estimates associated with construction projects by analyzing proposals and job requirements of a multimillion, multifamily portfolio comprised of apartment home communities. Duties include: breaking down the components of construction projects; estimating project costs; and building accurate cost analyses based on pertinent construction documents including proposals, blueprints, and spec sheets.  

LIFESTYLE COMMUNITIES Senior Financial Analyst (DENVER, CO) Analyst will be responsible for providing timely and accurate financial analysis, reporting and forecasting for LC Development, Redevelopment and Acquisition activities including site selection, underwriting, construction and mortgage financing, and other aspects of project development and construction.  

BLACK CREEK GROUP AVP, Multifamily Asset Management (DENVER, CO) The AVP, Multifamily Asset Management will lead asset management for the Company’s growing multifamily portfolio. Position will partner closely with SVP Acquisitions on the implementation of the overall strategy and will be responsible for maximizing value of the portfolio through developing and executing business plans.  

SITUS Analyst – Affordable Housing Loan Originations (HOUSTON, TX) Analyst will provide analytical, transactional and client support to the affordable multifamily rental housing debt origination team; assist bankers in reviewing and considering newly sourced transactions, including spreading project historical or pro forma operating information using Excel models, analyzing project feasibility, and conducting analyses of borrower’s financial condition; and work with bankers to complete term sheets and applications for client review and execution.  

US Bank Corporate Real Estate Program Manager (MINNEAPOLIS, MN) Manager will work in conjunction with a Strategic Portfolio Manager to focus on a specific business line within the bank; act as an advisor that owns real estate execution from concept to occupancy which enables clients to focus on alignment between business objectives and real estate solutions; and identify key priorities for each project and works to align organizational stakeholders with the project objectives.  

BENCHMARK Vice President of Marketing (WALTHAM, MA) Benchmark Wellness Management has an immediate opening for a VP of Marketing to be responsible for the strategic planning and positioning, marketing and sales and public relations for all Benchmark Wellness Management (BWM) communities. VP will coordinate and lead the marketing of BWM’s new projects including, but not limited to, research, branding, external and internal communication, media relations, community relations, crisis communications, special events and publicity.  

ESSENTIAL PROPERTIES REALTY TRUST Closing Assistant (PRINCETON, NJ) Position will work closely with the Closing Associate, Originator, Underwriters and Outside Counsel in the purchase and sale of properties. Duties include providing due diligence, closing, and post-closing support for the transactions group; aggregating and storing legal and closing documents; and performing ad hoc or other support functions that may arise.