Perspective

Last week, the US Labor Department reported that the economy added 110,000 jobs in September and roughly 90,000 in both July and August. This stands in sharp contrast to fears that the sub-prime debacle was going to spread across the economy and precipitate a recession. While the new data suggests that economic growth has, indeed, slowed this year, it seems that the storm has passed for now, the economy is holding its own and recessionary fears have subsided. However, on the real estate front, the finance side of the business is still reeling from sub-prime aftershocks, and recruiting activity that virtually stopped in August will remain on hold until the credit markets regroup. My expectation is that confidence will rebuild in the financial sector servicing real estate during the first quarter, and the hiring trend for financial types will rebound, somewhat. The better news is that real estate, overall, while experiencing a modest correction, (a positive, considering how over-heated the markets had become), will continue to enjoy job growth.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author's own.
Job Opportunities
HOLLIDAY FENOGLIO FOWLER LP
Senior Real Estate Analyst
(BOSTON) Responsibilities include the preparation of financial analysis models for potential debt and equity transactions, creation of offering memorandums and significant interaction with clients and capital providers to place deals.

GENERAL GROWTH PROPERTIES
Director, Planning & Design
(CHICAGO) This director shall act as the overall design leader for the planning and design activities associated with all assigned development projects.

THE URBAN LAND INSTITUTE
Senior Associate–Professional Development
(WASHINGTON, DC) This associate will assist in the management of professional development programs in a variety of subject areas, including the real estate development process, real estate finance, community and neighborhood design, as well as specialized programs.

PRUDENTIAL
Director, Asset Management
(DALLAS) This hire will have direct responsibility for the management/oversight of the CMBS Asset Management Team and the team's results and accomplishments, will be responsible to develop and implement staffing and succession plans and provide on the job training and mentoring to team members, and more.

FIRST INDUSTRIAL REALTY TRUST INC.
Senior Research Analyst
(CHICAGO) Work closely with the brokerage community and the company's transaction officers to gather, catalog and interpret transaction level comparables, summarize the company's recent market level performance as it relates to proposed investments, prepare materials for investment memoranda and more.

SELECTLEADERS
Fund Manager
(DENVER) This highly visible manager will be responsible for several funds and will supervise an analyst and an administrative assistant. The hire will have overall responsibility for accurate and timely reporting to investors.

RIO TINTO/KENNECOTT LAND
Senior Sustainable Development Specialis
(MURRAY, UT) Identify, propose, and lead mid- and long-term projects in fields such as carbon footprint management; commercial, residential, and community green design and construction; sustainability assurance; sustainability education; and third party certification programs (such as LEED).

ERNST & YOUNG
Senior Advisor-Transaction Real Estate Advisory
(RALEIGH, NC) This professional typically serves as a member of multiple client engagement teams, where the individual will assist with real estate advisory engagements within a fast-paced, service-oriented business environment.

Promotions
VENTAS INC.
(LOUISVILLE, KY) Ronald G. Geary will replace the late Christopher T. Hannon as chairman of the audit and compliance committee. Also, Douglas Crocker II, presiding director of the board, will fill the audit committee's required third seat.

CONCIERGE ASSET MANAGEMENT
(HOUSTON) Myra Rega becomes COO. She most recently was executive vice president and managing director of underwriting and due diligence.

INLAND REAL ESTATE SALES INC.
(OAK BROOK, IL) Richard Lewis climbs to vice president and managing broker as he marks his sixth year with the company.

GVA ADVANTIS
(ATLANTA) Lucas Hewett rises to president of the Florida region after serving in the same capacity for northwest Florida.

RTKL
(WASHINGTON, DC) Darren Vican is named vice president of the special systems design group. He has been part of the telecommunications team since 2001 when he joined the firm.

KKE ARCHITECTS
(MINNEAPOLIS) In the Minneapolis office, Cliff Buikema and Jennifer-Tuttle are named senior associates and Tim Powers rises to associate. In Nevada, Yihong Liu becomes a senior associate and Ravindran Vaithianathan moves up to associate. Other new associates are George Bean in the Irvine, CA office and Andy Neff with Pasadena, CA team.

SHEA PROPERTIES
(ALISO VIEJO, CA) Lee Pacheco climbs to senior vice president and Kiril McKee to senior vice president of retail leasing. Both had been vice presidents.

CB RICHARD ELLIS
(WASHINGTON, DC) Theodore Carter becomes executive managing director for the government and public sector solutions business unit.

TARRAGON CORP.
(HOBOKEN, NJ) William J. Rosato is named president and executive vice of development after four years with the firm. He will continue as vice president of construction.

SPERRY VAN NESS
(LEESBURG, VA) Rich Vaaler adds national director of leasing to his duties for the company as managing director of the Sperry Van Ness/Vaaler Real Estate and a property management company.

KTR CAPITAL PARTNERS
(NEW YORK CITY) PJ Carlton and Brian Milberg earn berths as senior vice president while Gina Cotton and Brian Gagne climb to vice president.

New Hires
PM REALTY GROUP
(DALLAS) Nathan R. Durham and Travis C. Ewert begin as senior vice president and leasing manager. Durham was previously with Harwood International, rising to leasing director. Ewert formerly worked as project manager and IT adviser for KPMG International.

CONCIERGE ASSET MANAGEMENT
(HOUSTON) Ted M. Kerr Jr. rejoins the firm as president and CEO after a 10-year hiatus. He most recently was president of Coach Realty Services.

SIGNATURE ASSOCIATES
(GRAND RAPIDS, MI) John Mundell starts as vice president and principal. He worked in West Michigan's office leasing and investment sales market for a nationwide brokerage firm.

NAI CAPITAL
(NEWPORT BEACH, CA) JR Williamson joins as senior vice president. Williamson was previously with Nathan Howard Group Inc.

SPERRY VAN NESS
(NEW YORK CITY) Marilyn Kane and Michael Butler become managing directors and principal brokers in the Irvine, CA-based company's new alliance with Butler Kane Inc. Jason Pennington and Richard Leong will be senior advisers and Alanna Martin becomes associate adviser.

REXFORD INDUSTRIAL
(LOS ANGELES) The firm hires Mark Hereford as operations director, Carl M. Franklin as director of construction management, Shanda Ross as assistant controller of finance and construction and Cristina Flor as a property manager. Hereford previously was regional leasing manager for Abbey Co. and vice president of Surf Management. Franklin most recently was vice president of project and development services for Jones Lang LaSalle. Ross comes from the Watt Genton Associates LP camp, where she was senior development accountant and assistant controller. Flor had been a commercial portfolio manager for Moss & Co.

SHELDON GROSS REALTY
(WEST ORANGE, NJ) Gavin Daniel takes a seat as vice president after working as real estate director for a major New Jersey developer.

BURR & TEMKIN COMMERCIAL
(DALLAS) Sheila J. Bellinger begins as vice president after a stint with Cushman & Wakefield of Texas.

CUSHMAN & WAKEFIELD
(PHOENIX and LOS ANGELES) Sean Kelly joins the valuation services group after leading his own company, Kelly Commercial Consultants. In Los Angeles, Mark Boutros begins as an associate director of brokerage services. He most recently was an associate with Grubb & Ellis Co.

PRUDENTIAL COMMERCIAL
(LAS VEGAS) Adam Ballner comes on board as a commercial adviser for the multifamily group.

APARTMENT REALTY ADVISORS
(ORLANDO) Daniel N. Gasti joins as vice president in the new Winter Park office while Lisa Rosetti begins in the Tampa, FL office as research director for the state. In Boca Raton, FL, Hampton Beebe becomes part of the South Florida institutional investment team. Gasti previously had a civil law practice. Rosetti most recently was director of marketing and research for GVA Advantis. And Beebe was a regional sales manager for a publicly traded telecommunications company.

CB RICHARD ELLIS
(SOUTHFIELD, MI) Jason Brown starts as director for the debt and equity service line. He previously was self-employed with his own mortgage banking firm, Keystone Capital Group.

HOLLY REAL ESTATE
(MIAMI) James McCoy is hired to lead the newly formed investment sales division. The former Miami Shores mayor and councilman also was a broker for Capital Commercial Real Estate Group.

MINTZ LEVIN COHN FERRIS GLOVSKY AND POPEO
(BOSTON) Eric J. Freeman joins the national real estate practice. He most recently was a director in the real estate group of Goulston & Storrs.

WATERFORD DEVELOPMENT
(RESTON, VA) Catherine Baum starts as vice president of sales and marketing after working as division manager and president of the Washington, DC division of the Drees Co.

DOUGHTY HANSON & CO. REAL ESTATE
(LONDON) The company adds Edward Bates as principal. Bates formerly was an investment director for Orion Capital Managers.

SNYDER LANGSTON
(IRVINE, CA) The firm hires Thomas Le, Tom Colthurst, Kevin Pokyrwa and Ryan Rasmussen as project engineers and Mark Mills as project superintendent.

HALSTEAD PROPERTY
(NEW YORK CITY) Stephen Klym and Bess Dulany become sales directors in the Downtown and Brooklyn, respectively. Klym will be based in the SoHo office, where he will oversee 40 agents. Klym previously was sales director for Warburg Realty's Village office. Dulany most recently was owner and manager of Harbor View Realty.

SECURITY TITLE GUARANTY CO.
(DENVER) Ellie Matthew starts as vice president after a stint at Land Title. She is joined by her team: Linda Scamporino, Colin Snody, Kim Reiber, Marcy Ybarra and Christy Brown.

CORTLAND PARTNERS
(ATLANTA) Coming on board as COO is Mark Lewis. He most recently was CFO of Sivica Investments.

PANATTONI DEVELOPMENT
(ATLANTA) Greg Kindred assumes a senior development manager's role. He previously was vice president for Lincoln Property.

KBS REALTY ADVISORS
(SAN FRANCISCO) Steven A. Silva joins as senior vice president. Silva formerly was vice president of asset management for Maier Siebel Baber.

CABOT, CABOT & FORBES
(BOSTON) Jeffrey B. Swartz comes on board as managing director of leasing. He was the former chief investment officer for Chiofaro Co.

LANE CO.
(ATLANTA) Erica S. Henning starts as development manager for the Carolinas division. She most recently was vice president of land operations for Heritage Building Group.

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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.