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EXECUTIVE WATCH GlobeSt.com:
BY ANTHONY J. LOPINTO
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| EXECUTIVE WATCH
is a weekly column featured on GlobeSt.com, the leading online real estate
news site. Tony LoPinto, the CEO of Equinox Partners has been the
author of this widely read column.
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What's Hot and What's Not
By Anthony J. LoPinto
June 17, 2008
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The first half of the year is just about over, so it's a good time to take stock of hiring trends--and, in some cases, firing trends. While the overall economy is reeling from skyrocketing oil prices and turmoil in the credit markets, the best way to describe the real estate business is "on hold". Investment activity is at a slow crawl, with some reporting levels of only 20% of last year. In addition, everyone is keeping a wary eye on the flood of commercial real estate loans that will be coming due in the fourth quarter and early '09, with little credit available. With these factors impacting the market, cutbacks are rampant on Wall Street and on the banking and finance front. Demand for acquisition professionals is almost nonexistent as investors continue to sit on their hands, with a full complement of talent on the bench. However, bright spots include development for strategic expansion plans, export to the Middle East and, increasingly, asset management to work existing portfolios.
© 2008 - GlobeSt.com, all rights reserved.
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