This action might not be possible to undo. Are you sure you want to continue?
“For those hoping to climb the ladder of success, [Vault’s] insights are priceless.” – Money “The best place on the web to prepare for a job search.” – Fortune “[Vault guides] make for excellent starting points for job hunters and should be purchased by academic libraries for their career sections [and] university career centers.” – Library Journal “The granddaddy of worker sites.” – The U.S. News and World Report “A killer app.” – The New York Times One of Forbes’ 33 “Favorite Sites” – Forbes “To get the unvarnished scoop, check out Vault.” – Smart Money Magazine “Vault has a wealth of information about major employers and jobsearching strategies as well as comments from workers about their experiences at specific companies.” – The Washington Post
Customized for: ji (firstname.lastname@example.org)
“Vault has become the go-to source for career preparation.” – Crain’s New York Business
“Vault [provides] the skinny on working conditions at all kinds of companies from current and former employees.” – USA Today
Customized for: ji (email@example.com)
Customized for: ji (firstname.lastname@example.org)
REAL ESTAT EMPL
VAULT GUIDE TO THE TOP
REAL ESTATE EMPLOYERS
© 2005 Vault Inc.
Customized for: ji (email@example.com. .ntu.sg) REAL ESTAT EMPL VAULT GUIDE TO THE TOP REAL ESTATE EMPLOYERS EDITED BY LAURIE PASIUK AND THE STAFF OF VAULT © 2005 Vault Inc.
edu. NY 10011. All rights reserved. ISBN 1-58131-388-8 Printed in the United States of America Customized for: ji (jixu0001@e. 150 W. 5th Floor. for any purpose. Library of Congress CIP Data is available. Vault. All information in this book is subject to change without notice.ntu.Copyright © 2005 by Vault Inc. New York. electronic or mechanical.. the Vault logo. without the express written permission of Vault Inc.. 22nd St. contact Vault Inc. For information about permission to reproduce selections from this book. No part of this book may be reproduced or transmitted in any form or by any means. and “the most trusted name in career informationTM” are trademarks of Vault Inc. (212) 366-4212.sg) . Vault makes no claims as to the accuracy and reliability of the information contained within and disclaims all warranties.
production and marketing processes. employees.ntu. Thank you! Customized for: ji (firstname.lastname@example.org) . clients. Vault also would like to acknowledge the support of our investors.ACKNOWLEDGMENTS We are extremely grateful to Vault’s entire staff for all their help in the editorial. family and friends.
. . . . . . . . . . . . . . . . . . . . . . .com for insider company profiles. . . . . . .81 Heitman LLC. . . . . . . . . . . . . . . . . . . . . . . . . . .45 Century 21 Real Estate LLC . . . . .sg) General Growth Properties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100 HRPT Properties Trust . . .58 Developers Diversified Realty . . . . . . . . . . . . . . . . . .77 Customized for: ji (jixu0001@e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . career message boards. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Table of Contents INTRODUCTION EMPLOYER PROFILES 1 9 AMB Property Corporation . . . . . . . . . . . . . . . . . . . . . . . . .74 Forest City Enterprises. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inc. . . . . . . . the Vault Job Board and more. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 Archstone-Smith . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inc. . . . . . . . . . . . . . .39 CBL & Associates Properties . . . . . . . . .50 CNL Hotels & Resorts. . . . . . . . . . . . . . . . . . . . . .88 Hines Interests L. . . . . . . . . . . . . . . . . .10 Apartment Investment and Management Company . . . . . . . . . . . . . . . . Inc. . . . . . . . . . . . . . .16 AvalonBay Communities. . .55 Day & Zimmermann Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .97 Hovnanian Enterprises. . . . . . . . . . . . . . . . . . . . . . . . . . . .68 Equity Residential . .71 FelCor Lodging Trust Incorporated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . expert resume reviews. . . .42 Centex Corporation . . . . . . . . . . Inc. . . . . . .vault. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inc. . . . . . . . . . . . . . . . . . . . . . . .25 Boston Properties. . . . . . . . . . . . . . . . . . . . . . .95 Host Marriott Corporation . . . . . . . . . . . . . . . . . . . .19 Beazer Homes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34 Catellus Development Corporation . .P. . . . . . . . . . . . . . . . . . .103 Visit Vault at www. . . . . . . . . . . .37 CB Richard Ellis Group. . . .22 Boston Capital Corporation . . . . . . . . . . . . . . . . . . . . . . . .28 Brookfield Properties . . .61 Duke Realty Corporation . . . . . . . . . . . . . . . . . . . . CAREER LIBRARY ix . . . . . . . . . . . . . . . . .92 Hospitality Properties Trust . . .64 Equity Office Properties Trust . . . . .edu. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . expert advice. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ntu. . . . . . . . . . . . . . . . . . . . . . . . . .85 Hilton Hotels Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inc. . . . . . . . . . . . . . . . . . . . Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 CarrAmerica . . . . . . . . . . .52 Crescent Real Estate Equities Company . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .165 Walton Street Capital L. . . . . . . . . . .105 KB Home . . . . . . . . . . . . . . . . . . . Inc. . . . . . . . . . . . . . . . . . . . . .L. . . . . . . L.sg) x CAREER LIBRARY © 2005 Vault Inc.153 Trizec Properties. . . . . . . . . . . . . . . . . . . . .161 Vornado Realty Trust . . . . . . . . . . . . . . . . . . . . . . . . .136 Public Storage. . .155 URS Corporation . . . Inc. . . . . . . . . . . . . . .C.169 Customized for: ji (jixu0001@e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P. Inc. . . . .131 Plum Creek Timber Company. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .125 The Mills Corporation . Inc. . . . . . . . . . . . . . . . . . . . . . .148 Tishman Speyer Properties. . . . . . . . . . . . . . . . .119 MeriStar Hospitality Corporation . . . . . . . .142 RE/MAX International. . . . . . . . .C. . . . . . . . . . . .133 ProLogis . . . . . . . . . .112 Lend Lease Corporation Limited . . . . . . . . . .L. . . .ntu. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .122 Metrolist Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The . . . . . . .109 Kimco Realty Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .139 Rayonier Inc. . . . . . . . . . . . . . . . . . . . . . . . . . .158 USG Corporation . . . . . . . . . . . . . . . . . . . . . . . . . .115 McCormick Group. . . . . Inc. . . . . . . . . .150 Trammell Crow Residential . . . . . . . . . . . . . . . . . . .Vault Guide to the Top Real Estate Employers Table of Contents Jones Lang LaSalle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .127 Parkway Properties. . . . . . . . . . . .145 RREEF America L. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .edu. . . . . . . . .
there was a system in place by which one landowner could transfer property rights to another through sale. expert resume reviews. CAREER LIBRARY 1 . work. Settlers who did not already own what was considered a “judicious” amount of land were given title to 160 acres for each adult in the family. but at the time the vast majority of citizens couldn’t afford that price. are all assets to be bought.Introduction History of the Real Estate Industry in the United States Real estate is tangible.ntu. career message boards. Everyone comes into direct contact with real estate. Shortly after the signing of the Constitution. go to school. for example. Instead. This program was very successful and similar federal land distribution programs followed until the later part of the nineteenth century. vacation. This sounds like a bargain to us today.S. Some investors accumulated a tremendous amount of wealth.25 per acre. For example. America was transitioning from an agricultural society to a manufacturing economy.vault. Visit Vault at www. while others lost everything. as well as the air above and the ground below. Real estate has always been big business in the United States.edu. Citizens flocked to urban areas to work at the burgeoning factories. There was no cash exchange.com for insider company profiles. Consequently. the government sold 20 million acres at roughly $1. At the end of the 19th century. government distributed more than 300 million acres of public property to private landowners through the Homestead Act. the federal government began transferring one billion acres of land to private owners through land sales and land grants. expert advice. the understanding was that the settlers would live on and improve the land for a period of at least five years. sold and rented. a grassroots group called the Free Soil Movement formed and lobbied the government for an alternate method of distributing land. as the Midwest’s industrial center. creating the basis for the real estate market. the U. Customized for: ji (email@example.com) For the first time in the history of the young country. The Homestead Act of 1862 was Congress’ answer to the appeal. shop and exercise. In the 1830s. the Vault Job Board and more. This led to a tremendous amount of speculation. lease or trade. The places we live. It’s a piece of land and any building or structures on it. And it’s always been an important element of the economy. In total.
industrial facilities. while skyscrapers changed the way the cities looked. Technological advances influenced the building boom of the 1920s. The values of urban properties skyrocketed. most of them in New York City. Planned communities began taking shape in the suburbs. hotels and retail centers were constructed to meet the demands of city dwellers. Developers made these planned communities attractive by building along the transportation routes so people could easily commute to their jobs in the cities.sg) © 2005 Vault Inc.edu. lowering the risk on real estate loans and making lending more palatable for savings and loans. causing a collapse. The government also created the Federal Home Loan Bank System (FHLB) to supervise and regulate local banks. One hundred buildings higher than 25 stories were constructed in this decade. Development was put on hold during 2 CAREER LIBRARY Customized for: ji (jixu0001@e. just as advances in transportation made living outside the city easier. This urban density created opportunities for real estate development as housing.000 inhabitants to become the fifth largest city in the world by 1900. 50 percent of America’s population lived in cities.ntu. The Great Depression crippled most industries — including real estate. By 1920. the Federal National Mortgage Association (FNMA or Fannie Mae) was created to provide a secondary mortgage market as well as to lure investment capital in the mortgage market. communities just outside urban centers. These New Deal programs ultimately made the real estate finance market more sophisticated and secure. Skyrocketing property values and associated costs began pushing people and businesses outside the city. office buildings. new machines such as elevators helped meet additional demand for space and allowed the construction of ever-taller buildings.Vault Guide to the Top Real Estate Employers Introduction Chicago reached a population of one million people more rapidly than any other city in history. Suburbs. began to spread. In 1938. and banks. The federal government put the domestic financial markets through a major overhaul and was shrewd enough to include real estate financing as part of the New Deal programs. Communities were wired for electricity. America and the real estate industry slowly climbed out of the Depression only to fall headlong into World War II. . Values dipped below debt levels. and continues to play a very important role in supplying capital to the mortgage market today. with Chicago a distant second. Settled in the 1830s. The Federal Housing Administration (FHA) was created in 1930 to provide mortgage insurance. the city grew from less than 1.
spurred by growth in the service industry. expert advice. expert resume reviews. but they always need a place to live.vault. A tremendous amount of demand for housing emerged virtually overnight.com for insider company profiles. In the postwar period. competitive co-workers and long hours when starting out.g. Today. industrial and retail centers) to be located further outside the city.edu. the real estate industry is considered one of the most dynamic and healthy sectors in the American economy — people may divest their stocks. CAREER LIBRARY 3 . though.sg) As of 2003.Vault Guide to the Top Real Estate Employers Introduction the war. Those who work in this sector often enjoy greater flexibility in job responsibilities than in other industries. many urban centers hadn’t seen new office building development in 30 years. (To read more about the history of real estate.) Industry Trends Customized for: ji (jixu0001@e. new housing construction quadrupled to over 500. Visit Vault at www. Community activism and political pressure led to the creation of a cabinet position in 1965 focused on improving urban housing — what today is known as the Department of Housing and Urban Development (HUD). read Real Estate Development by Miles. The suburban shopping mall also became popular in this era. Two-thirds of the 15 million homes built in the 1950s were in the suburbs. the cities slumped. which provided access to more areas by car and truck.000 homes. work and shop. This enabled all types of real estate (e. There can be drawbacks. As the suburbs grew. Berns and Weiss. career message boards. The central business districts of America’s urban centers saw a number of new buildings (both commercial and retail) constructed during the last three decades of the twentieth century.ntu.. By 1960. The decade was also a period of expansion for the highways. By 1946. in the form of low paying entry-level positions. the Vault Job Board and more. Hotel chains like Holiday Inn started popping up along roadways across the country. The decay of America’s urban areas didn’t go unnoticed. a white picket fence and peaceful green lawn proved very appealing. the real estate business employed close to five million people. Opportunities abound for candidates to earn staggering income levels. but once the GIs returned from overseas another era of prosperity began. hotels. increased access to financing and municipal incentives.
There was more demand for space–both commercial and residential–and asset values skyrocketed. Residential real estate values continue to soar on the coasts. homes and apartments in the Boston-to-Washington corridor and California have doubled. In 2002. economy was mired in recession for the first several years of the 21st century. a buyer could get a 30-year home mortgage at a 5 percent rate. have outpaced the ability of many prospective first-time buyers to purchase a place to live. freeing up more cash for them — and in the process making real estate look like an even more attractive investment. The Federal Reserve is playing a big part as well. home sales shot up 8 percent and housing starts grew by 7 percent.ntu. Lower mortgage rates and minimal inflations meant that in 2003. the residential real estate market was one of the few bright spots. small shifts can impact trends significantly. such as Las Vegas. once you’re established. especially on the West and East Coasts. Although the U. The drop in mortgage rates meant that homeowners could refinance. The aging United States population and the influx of immigrants has increased the demand for households. The prices of homes. The rockiness of the stock market makes investing in real estate look very appealing. as this industry is often geography-specific. Even in fast-growing areas in other parts of the country.S. the technology industry boom certainly helped the real estate industry in the 1990s.sg) © 2005 Vault Inc. The real estate sector is largely dependent on the economy. Unemployment and interest rates impact both consumer confidence and buying power. tripled or quadrupled in value. During the real estate boom that began after the end of the 1991 recession.Vault Guide to the Top Real Estate Employers Introduction Furthermore. The residential real estate market is also affected by economic swings. Commercial firms that focused on office and retail development projects now find the market glutted with available space. gains have been more modest because there is more land on which to build houses and apartments. The wealth isn’t spread equally. For example. The subsequent technology bust had a dramatic effect on some parts of the sector. A jump in mortgage rates would stop the current trend of refinancing in its tracks and make it more difficult for many 4 CAREER LIBRARY Customized for: ji (firstname.lastname@example.org. . The remarkable gains in the residential real estate market have provoked fears among some economists and homeowners that the real estate market is a bubble about to burst. There are many reasons for the current residential housing boom. relocation can be detrimental to your career.
This commission is split four ways among the seller’s agent.vault. all states require that you pass a written exam focused on real estate law and transactions and be affiliated with a broker.realtor. Some states waive the classroom requirements for active attorneys or offer correspondence course credit options in lieu of the classroom hour requirement. Visit Vault at www. almost all agents represent property owners. For property rentals. The commission on a home sale varies by market but is roughly five to six percent of the sale price. In order to sell real estate services. career message boards.edu. If you visit the National Association of Realtor’s web site at www. There are close to 500. the Vault Job Board and more. Agents are expected to cover most of the overhead necessary to perform their jobs. A revival in the economy could cause investors to stop investing in real estate and start investing in stocks again. the residential real estate market continues to be an engine of the economy — and of the real estate job market. buyer’s agent and the sponsoring brokers with whom each agent is associated. help the commercial and industrial real estate markets.com for insider company profiles.ntu. The license fee depends on the state. Customized for: ji (jixu0001@e. To become a realtor. the state government issues and oversees licenses. on the other hand. Residential Real Estate Brokers Residential real estate agents help buyers and sellers in the process of selling or renting residential property. Many agents work solely on commission and don’t get much in the way of benefits. Some agents work with buyers. Other agents work with the sellers. Most states require you to be at least 18 years old and a high school graduate. but expect to pay around $100 for the exam and $400 for the classes. Agents are usually independent sales professionals who contract their services to sponsoring real estate brokers in exchange for a commission-sharing agreement.sg) CAREER LIBRARY 5 . expert resume reviews. (Such a revival would. and to have completed a minimum number of classroom hours.Vault Guide to the Top Real Estate Employers Introduction homeowners to make mortgage payments. Agents rarely represent both buyers and sellers since this is perceived as a conflict of interest.000 real estate brokers and agents in the United States. however. Although there are different organizations through which you can receive your classroom instruction.org.) In the meantime. you must be a licensed professional in the state where you do business. helping them find places to live and negotiating with sellers. expert advice.
for the most part you’re cold-calling tenants or companies. Although there’s some direction from the broker and senior tenant reps in the office. It’s a tough sell. A large part of this job involves business development. Like residential agents. In fact. the junior broker will do the legwork for market alternatives and examine options with the senior broker. you need to give the person on the other end of the phone a compelling reason to meet with you. some tenant rep brokers think the competition inside is worse than outside the shops. Once the process begins. The senior broker generally handles the lease or sale negotiations.sg) 6 CAREER LIBRARY © 2005 Vault Inc. At the meetings the senior broker will take the lead and try to win the business. the senior brokers tend to win. First. When the time comes for one of his or her clients to buy. You’re not only competing against outside reps but those inside your office. sell or lease. All possible alternatives are presented to the client for review. Often there are disputes about who is entitled to chase what business. who end up in residential real estate. There’s a potpourri of career switchers.edu. then you must pitch the business.ntu. Since tenant reps are often responsible for building their own book of business. commonly known as a “tenant rep.Vault Guide to the Top Real Estate Employers Introduction you can find information about residential real estate as well as licensing requirements for each state and locations of authorized real estate classes. If you like being your own boss and interacting with people. then handles the accompanying negotiations. This mutually beneficial system gives Customized for: ji (jixu0001@e. the tenant rep finds a list of choices in the market. tenant reps are left to their own devices to find prospects. from lawyers to housewives.” represents companies and other corporate clients looking to lease or buy either a portion of a property or an entire real estate asset. This industry attracts all types of personalities. Tenant reps usually work in teams to spread the work. Ultimately. . even cutthroat. Tenant Representation A tenant representation agent. being a realtor can be very rewarding. Tenant representation is very competitive. Deal protocol is important to consider when you’re selecting brokers because often disputes are common among tenant reps. The junior broker will make the cold calls and set up meetings with prospective clients. prospecting for new clients is a big part of the job. Often the team is composed of one senior and one junior broker.
Property management provides a general introduction to real estate. construction. expert resume reviews. expert advice. property managers are involved in the process as well.Vault Guide to the Top Real Estate Employers Introduction the senior broker a “cold caller” and provides a training platform for the junior broker. Property management also requires good interpersonal and analytical skills because tenants sometimes can be difficult and expect things to be resolved immediately. rent is paid and that rents reflect market conditions. tenant relations and market analysis. they’re promoted to senior brokers.vault. Property managers are charged with the day-to-day management of real estate assets. A salesperson’s license is therefore required for the position. Sometimes senior brokers help create and execute management policy and even have equity at smaller firms. Property managers deal with issues relating to leasing.ntu. Property Management Real estate owners commonly employ professional property managers — either directly or through third-party management firms. though not nearly as often as junior brokers. the Vault Job Board and more. career message boards. They still make cold calls to get leads. CAREER LIBRARY 7 . Junior brokers should expect to work at least 50 to 60 hours per week. the property manager supervises the project. A good manager can save an owner a great deal of money by operating the asset efficiently and keeping the tenants happy. For instance. the building is in good condition.edu. While leasing agents do much of the lease negotiations. The company relies on its senior brokers to win business and handle transactions from start to finish.sg) Visit Vault at www. if there is construction work at the building. Customized for: ji (jixu0001@e. Once junior brokers have surpassed certain earning requirements. the owner relies on him to manage any and all operating expenses at the building. keeps close tabs on the progress and makes sure it doesn’t go over budget. senior brokers’ hours fluctuate based on deal flow. As a property manager you’ll learn how to efficiently operate a real estate asset in this capacity.com for insider company profiles. They ensure that tenants are satisfied. The property manager plays a crucial role in expense control.
ntu.Customized for: ji (email@example.com) .edu.
edu.Customized for: ji (firstname.lastname@example.org) REAL ESTAT EMPL EMPLOYER PROFILES .ntu.
Bay 1 San Francisco.amb.com DEPARTMENTS Capital Partners Corporate Communications Customer Development Development Financial Management and Reporting Human Resources Information Systems Legal Operations Transactions Customized for: ji (jixu0001@e. CA (HQ) Boston. CA Amsterdam Shanghai Singapore Tokyo KEY COMPETITORS CenterPoint Properties Duke Realty ProLogis EMPLOYMENT CONTACT www.): $665. . IL East Rutherford.com THE STATS Employer Type: Public Company Stock Symbol: AMB Stock Exchange: NYSE Chairman & CEO: Hamid R.com/about_us/employment _opportunities.asp E-mail: Jobs@amb.AMB Property Corporation Pier 1.amb. NJ Los Angeles.7 LOCATIONS San Francisco. MA Chicago.edu. CA 94111 Phone: (415) 394-9000 Fax: (415) 394-9001 www.sg) 10 CAREER LIBRARY © 2005 Vault Inc. CA Menlo Park. Moghadam 2005 Employees: 294 2004 Revenue ($mil.ntu.
The company’s properties are designed for the efficient movement of goods in the world’s busiest distribution markets — generally markets tied to global trade.edu. career message boards.100 industrial properties totaling 118 million square feet in 40 major metropolitan areas. the Vault Job Board and more. As the company grew.vault. encompassing the company’s corporate values of integrity. AMB’s corporate philosophy is summed up by the phrase I CREATE. Shortly thereafter. customers. Initially a private company. results.ntu. it opened an office in Boston and went public in 1997–the first REIT to consolidate a group of separately managed portfolios into a single. ownership and management of industrial properties in North America. is engaged in the development. including a Top 10 “Green” Project Award in 2002 from the American Institute of Architects. expert resume reviews. seaports and major transportation routes. It’s all in the name The company was founded in San Francisco in 1983 by Doug Abbey and Hamid Moghadam. accountability. an abandoned sugar warehouse. excellence. AMB’s portfolio features High Throughput Distribution® facilities — industrial properties built to speed its customers’ goods to market in locations near airports. foundations and endowments.com for insider company profiles. A year later.sg) World view Since 2001. AMB sharpened its focus to industrial properties. CAREER LIBRARY 11 . Customized for: ji (jixu0001@e. AMB focused on providing investment management and advisory services to pension funds. offering its customers facilities in “infill. expert advice. establishing its European headquarters in Amsterdam that year and an Asian market presence in 2002.” AMB’s redevelopment of its coprporate headquarters. AMB owns and has under development more than 1.and seaport-centric Visit Vault at www. supply-constrained locations. AMB’s global reach evolved rapidly including built-to-suit activity in Mexico City for multinational companies. AMB has expanded its portfolio to major trading global hubs. acquisition. specializing in both industrial and retail properties. publicly traded company. and airport.Vault Guide to the Top Real Estate Employers AMB Property Corporation THE SCOOP Creative REIT AMB Property Corporation. they were joined by Bob Burke and used the initials of their last names to create the firm’s moniker. created a commercially viable landmark and workspace that won six major design awards. a real estate investment trust (REIT). teamwork and entrepreneurship. Europe and Asia.
Cover letters and resumes or CVs should be submitted to Jobs@amb. Paris and Toronto. investors provided capital for two new AMB funds. Expeditors International. Singapore. Include the title of the job for which you are applying in the subject line of the e-mail. Worldwide Flight Services and UPS are just some of the companies that rely on AMB’s distribution facilities to move their freight through the global supply chain. highway systems and seaports in Japan’s major metropolitan areas. AMB’s portfolio serves more than 2.. L. As of 2005. Customized for: ji (jixu0001@e. Milan and Hamburg. an investment fund for distribution facilities near high volume airports. Frankfurt. AMB joined with fellow REIT Kimco Realty to purchase full control of G.Vault Guide to the Top Real Estate Employers AMB Property Corporation developments in Tokyo. .edu. including London.com/about_us/employment_opportunities. In fiscal 2005. AMB established the AMB Japan Fund I. for $44. Madrid.700 customers including the world’s leaders in air cargo and freight forwarding. GETTING HIRED The way in All job openings can be viewed on the company’s web site at www.sg) 12 CAREER LIBRARY © 2005 Vault Inc.com. a Mexican realtor. AMB only accepts applications for current open positions.P.ntu. focused on building and buying industrial property in Mexico and Japan: AMB-SGP Mexico and AMB Japan Fund I have investment capacity of nearly $3 billion.6 million. For the second quarter reported July 2005.9 million square feet of distribution facilities. FedEx. That June. Accion. AMB plans to launch a European fund by the end of 2005 and has targeted entry into new markets. La Post.asp. In March 2005. AMB had invested $222 million in 3. Deutsche Post.amb.
com for insider company profiles. expert resume reviews. Ste. 1100 Denver.548.): $1.edu. CAREER LIBRARY 13 . Ulster Street Pkwy.com/Career Customized for: ji (jixu0001@e. expert advice. CO 80237 Phone: (303) 757-8101 Fax: (303) 759-3226 www.aimco.sg) Visit Vault at www. CO (HQ) KEY COMPETITORS Archstone-Smith Trust Equity Residential Lend Lease EMPLOYMENT CONTACT www.ntu.Apartment Investment and Management Company 4582 S.vault.800 2004 Revenue ($mil. the Vault Job Board and more.aimco. career message boards.6 LOCATION Denver.com THE STATS Employer Type: Public Company Stock Symbol: AIV Stock Exchange: NYSE Chairman & CEO: Terry Considine 2004 Employees: 6.
2 million in the previous year.” which grants employees with 10 hours of companypaid time for volunteer purposes. “We have plenty of work ahead but believe we have a good plan and considerable momentum. the District of Columbia and Puerto Rico. Colorado. Overall. AIMCO established a community involvement program called “AIMCO Cares.Vault Guide to the Top Real Estate Employers Apartment Investment and Management Company THE SCOOP Apartment life Apartment Investment and Management Company (AIMCO) ranks as the No. By February 2005.” AIMCO esitmates that the employees will provide 75. The company’s main headquarters are in Denver. the American Red Cross and Meals on Wheels. Customized for: ji (jixu0001@e. and CEO Terry Considine said of his company. the company’s net income had increased to $72. money. ownership.7 million to $384.3 million from $37. a New York City real estate portfolio comprised of pre-war apartment buildings and retail stores for $27.sg) 14 CAREER LIBRARY © 2005 Vault Inc. due to increased net gains. as total revenue went up from $352. and covers the acquisition. and an apartment building on the University of Pennsylvania campus. Birthday boost To celebrate its 10th anniversary. including work for causes like Habitat for Humanity. with more than $13 billion in assets under management. made up of mature properties in highdemand areas.475 communities with 260. AIMCO’s net income skyrocketed 400 percent compared to the year prior. 1 owner and operator of apartment communities nationwide. net income slipped $2 million.edu.ntu.65 million. Money. tending to 1.” Recent purchases include the Palazzo East apartments in Los Angeles for $199 million.4 million. The company says the program “reflects a partnership with communities across the country and provides an opportunity for employees to give back to the communities in which they live. management and redevelopment of apartment communities in 47 states. money In November 2004. In the quarter posted May 2005. . AIMCO operates as a REIT. according to Hoover’s.000 units and approximately one million residents through 25 regional operating centers. AIMCO’s assets total roughly $10 billion. AIMCO’s 590-property conventional apartment portfolio is.000 hours of service worth more than $1 million if each donates 10 hours to the program.
ntu. www.sg) Visit Vault at www.com for insider company profiles.vault. Customized for: ji (email@example.com. the Vault Job Board and more. expert resume reviews.com/career/openings. expert advice.Vault Guide to the Top Real Estate Employers Apartment Investment and Management Company GETTING HIRED Taking AIM AIMCO lists its nationwide position openings on its career web site.asp. career message boards. CAREER LIBRARY 15 .edu.
com THE STATS Employer Type: Public Company Stock Symbol: ASN Stock Exchange: NYSE Chairman & CEO: R. Scott Sellers 2004 Employees: 2.640 2004 Revenue ($mil. CO (HQ) KEY COMPETITORS AIMCO Equity Residential United Dominion Realty EMPLOYMENT CONTACT www.): $919. Panorama Circle.Archstone-Smith 9200 E.com/careers/ index. .edu. 400 Englewood.4 LOCATION Englewood. Ste.ntu.htm Customized for: ji (firstname.lastname@example.org. CO 80112 Phone: (303) 708-5959 Fax: (303) 708-5999 www.sg) 16 CAREER LIBRARY © 2005 Vault Inc.archstonesmith.
Smith.. San Francisco. as well as submit and track service requests and other tasks.com for insider company profiles. career message boards. Archstone-Smith is known among its industry for customer service and innovation. a 347-unit apartment in Pasadena. two Marina del Rey. the Vault Job Board and more.edu. and retail and restaurant space in Customized for: ji (jixu0001@e. theaters.vault. 2005 acquisitions include a 266-unit community in Manhattan’s Chelsea neighborhood. Calif. a sophisticated revenue management software system. a 222-unit community in Manhattan’s Clinton neighborhood. Va. New York City. Boston.. expert advice.Vault Guide to the Top Real Estate Employers Archstone-Smith THE SCOOP In Archstone-Smith we trust Archstone-Smith is one of the nation’s largest REITs and a member of the S&P 500.. apartment buildings. CAREER LIBRARY 17 . web-based real estate management software that automates administrative tasks. The company has established a pattern of innovation by investing in industry-changing technology that has become standard in the industry. Southeast Florida.sg) Visit Vault at www.com. expert resume reviews. Calif. and a July 2005 transaction for 28 apartment communities from Oakwood Worldwide worth $1. Examples include SafeRent. Two brands Archstone-Smith operates its apartment communities under two brands: Archstone and Charles E. a 416-unit community in North Orange County. a 336-unit apartment community in Agoura Hills. Southern California. Core markets include Washington. all backed by unconditional service guarantees. Lease Rent Options. through which customers complete a lease online.C. expensive singlefamily home prices and strong job growth.com and mySmithAdvantage.. Archstone-Smith also announced plans in June 2005 to build a 627-unit high-rise property on New York City’s West Side. Calif. exclusive web sites allowing residents to pay their rent online. a real-time credit checking approval system for potential apartment residents. Chicago and Seattle. MRI.1 billion. It invests in and operates a one-of-a-kind portfolio of high-rise and garden-style apartment communities. a 231-unit apartment community in Arlington.. and myArchstone.ntu. Calif. which provide residents with great apartments and great service. including apartments. D. The buying game Archstone-Smith focuses on establishing a dominant ownership position in the most desirable neighborhoods in markets with limited competition. Online Lease.
com. Archstone-Smith enterted into a full and final settlement of litigation with three national disability organizations. offers a registration feature that allows job seekers to apply for positions online.sg) 18 CAREER LIBRARY © 2005 Vault Inc. . the three disability organizations all recognized that Archstone-Smith had no intention of building any of its communities in a manner inconsistent with the FHA or ADA.archstonesmith.edu. It agreed to capital improvements in a number of its communities in order to make them fully compliant with the Fair Housing Act (FHA) and Americans with Disabilities Act (ADA).ntu. Green Building Council’s Leadership in Energy and Environmental Design program. www. Archstone-Smith says it is seeking recovery of a substantial portion of the expenses and capital expenditures related to this settlement from third-parties upon whom the company relied for assurances of building design and construction compliance. which include legal fees and costs incurred by the plaintiffs. Accessibility granted In June 2005.S. and adjustments to doorway thresholds.4 million. The remediation measures include improving access to thermostats and electrical outlets. As part of the settlement. Further employment inquiries should be directed by e-mail to careers@archstonesmith.Vault Guide to the Top Real Estate Employers Archstone-Smith accordance with the U. Archstone-Smith also agreed to pay damages totaling $1.htm. GETTING HIRED Real estate lowdown The Archstone-Smith career web site.com/careers/index. Job searches are available by location and by title. Customized for: ji (jixu0001@e. improving maneuverability in kitchens and bathrooms.
AvalonBay Communities, Inc.
2900 Eisenhower Ave., Ste. 300 Alexandria, VA 22314 Phone: (703) 329-6300 Fax: (703) 329-1459 www.avalonbay.com
Employer Type: Public Company Stock Symbol: AVB Stock Exchange: NYSE Chairman & CEO: Bryce Blair 2004 Employees: 1,702 2004 Revenue ($mil.): $649.7
Alexandria, VA (HQ) Boston, MA Chicago, IL New Canaan, CT New York, NY Newport Beach, CA San Jose, CA Seattle, WA Woodbridge, NJ
AIMCO Archstone-Smith Trust Gables Residential Trust
jobs-avalonbay.icims.com/avalonbay_ jobs/jobs/candidate/intro.jsp;jsessioni d=2030e4fde547$01$A8$D
Customized for: ji (email@example.com)
Visit Vault at www.vault.com for insider company profiles, expert advice, career message boards, expert resume reviews, the Vault Job Board and more.
Vault Guide to the Top Real Estate Employers AvalonBay Communities, Inc.
Down by the bay
AvalonBay Communities, Inc. is in the business of developing, redeveloping, acquiring and managing luxury apartment communities in the high-barrier-to-entry markets of the United States (located in the Northeast, Mid-Atlantic, Midwest, Pacific Northwest and Northern and Southern California). Overall, AvalonBay owns 150 apartment complexes with 43,071 units in 10 states and Washington, D.C., with key markets in Boston and San Jose, Calif. The company also holds future development rights in 49 communities.
Decade of ups and downs
AvalonBay was initially established as Avalon Properties Inc. in August 1993 to expand the multi-family apartment community acquisition, construction, development, and management operations of the Trammel Crow Residential MidAtlantic and Northeast Groups. Within three months, the company completed its initial public offering; within six months, it possessed a portfolio of 14 communities with 3,461 units in Northern California. In June 1998, Avalon Properties merged with Bay Apartment Communities to create AvalonBay Communities. Though operating growth blossomed at the turn of the century, the economic recession dampened AvalonBay shares by the end of 2002. A year later, just in time for its 10th anniversary, AvalonBay engineered a turnaround, generating a total shareholder return of 30 percent, thus outperforming the S&P 500 and the apartment sector. Also in 2003, AvalonBay lent a helping hand to the Bergen County, N.J. chapter of Habitat for Humanity, joining the developer’s “Spirit of Caring” Fund to offset the costs associated with construction of new homes for local families in need.
Customized for: ji (firstname.lastname@example.org)
REIT of the Year
By December 2004, shareholder return generated for the year was 65 percent, the highest in the company’s history. Total revenue for the year increased by 4.5 percent to $661 million. AvalonBay was named Multifamily Executive’s “Builder of the Year” and Green Street Advisors’ “2004 REIT of the Year.” Bryce Blair called the awards “recognition not only of AvalonBay being a great builder of physical communities, but also of our success in building a talented organization.”
© 2005 Vault Inc.
Vault Guide to the Top Real Estate Employers AvalonBay Communities, Inc.
For the first quarter of 2005, earnings per share increased from $0.32 to $0.92, a 187.5 percent gain as the company posted its first year-over-year rental rate growth for the first time in three years. Among the company’s recent projects are apartment towers along the East River in Long Island City, N.Y.; apartment complexes in Stamford, Conn.; a luxury apartment tower in New Rochelle, N.Y.; a $49.3 million development in Lawrenceville, N.J.; a 204-unit apartment complex in Chestnut Hill, Ma.; and the renovation of a former mental institution in Danvers, Mass. into 497 high-end apartments and condos. One town AvalonBay will not be breaking ground in, though, is Shelton, Conn. The community vetoed an application from the REIT to build a 302-unit development in May 2005 after its Inland Wetlands Commission ruled that AvalonBay failed to provide information the commission had requested regarding wetland issues.
All openings can be viewed on the company web site and entries can be submitted online.
Customized for: ji (email@example.com)
Visit Vault at www.vault.com for insider company profiles, expert advice, career message boards, expert resume reviews, the Vault Job Board and more.
GA 30328 Phone: (770) 829-3700 Fax: (770) 481-2808 www.edu. Ste.com/corpinfo/careers.asp Customized for: ji (firstname.lastname@example.org) 22 CAREER LIBRARY © 2005 Vault Inc. GA (HQ) KEY COMPETITORS AIMCO Archstone-Smith Trust Gables Residential Trust EMPLOYMENT CONTACT www.7 LOCATION Atlanta.702 2004 Revenue ($mil.beazer.ntu.com THE STATS Employer Type: Public Company Stock Symbol: AVB Stock Exchange: NYSE Chairman & CEO: Bryce Blair 2004 Employees: 1.beazer.Beazer Homes 1000 Abernathy Rd. .): $649. 1200 Atlanta.
Beazer picked up Indianapolis.000 squarefoot customized house in its place in only five and a half days. expert advice. the Vault Job Board and more. expert resume reviews. Beazer builds single-family homes primarily for entry-level and first-time move-up buyers. a nonprofit national program providing housing for temporarily homeless individuals. Constructing dreams Beazer lent a helping hand to the hit show Extreme Makeover: Home Edition in January 2005.-based Crossmann Communities for $493.800 Beazer employees. Ind. Texas and Virginia. Net income rang in at $69. An estimated 1. Northern Virginia and Las Vegas. In the second quarter. Its Beazer Mortgage subsidiary generates mortgages for its homebuyers.sg) In the first quarter for 2005. Like most large homebuilders. partners and volunteers took part in the construction marathon. expanding business in the Midwest and Southeast. In January 2002.8 million in revenue. Playing in the big leagues Customized for: ji (jixu0001@e. Sacramento. compared with $47.000. Marilyn Gardner.2 million and $810. cabinetry. Beazer Homes is also the first national sponsor of HomeAid America. Beazer’s vice president of sales and marketing.vault. called the television show a “perfect match” for Beazer’s philosophy of considering a customer’s experience in building a house.7 million on $911. Beazer recently assisted HomeAid chapters at sites in Dallas. Beazer subcontracts to build its homes. Beazer builds 17.edu. helping to demolish a sewage-infused house and build a 5. though.Vault Guide to the Top Real Estate Employers Beazer Homes THE SCOOP House beautiful At an average price of about $250. mainly in high-growth regions. Company-operated design centers offer homebuyers limited customization features such as appliances. career message boards. The company operates in 20 states. in the first quarter of 2004.1 million in income and revenue. fixtures and wallcoverings.ntu. CAREER LIBRARY 23 . While the charge forced year-over-year income to slip into the red on a loss of $84. and for the brand’s theme — Someday Starts Today. one of the show’s largest crews ever.4 million in cash and stock.3 Visit Vault at www. the company took a $40 million charge due to a class-action settlement related to a suit over moisture damage and mold problems against subsidiary Trinity Homes LLC. flooring. Beazer’s profit jumped 47 percent on new home orders and increased revenue. respectively. On average.000 houses a year. and Homebuilders Title Services provides title insurance services in Florida.com for insider company profiles.
05 a share. GETTING HIRED Doing business with Beazer The Beazer career web site. and submit a resume online.9 billion.edu. while setting an all-time record for quarterly net income. revenue rose 11. www. CEO Ian J. which topped $3.2 million.4 percent to $976. . Third quarter earnings more than doubled to $112. or $2.sg) 24 CAREER LIBRARY © 2005 Vault Inc. beating analyst estimates of $2.com/corpinfo/careers.asp.50 a share.” Beazer entered the Fortune 500 in April 2005 for the first time on the strength of its fiscal year 2004 revenue.7 million. allows job seekers to search jobs.beazer.ntu. McCarthy praised his company as “robust” with “profitable growth.Vault Guide to the Top Real Estate Employers Beazer Homes USA million. Customized for: ji (jixu0001@e.
vault. expert advice. career message boards.com for insider company profiles.edu.bostoncapital.ntu.Boston Capital Corporation 1 Boston Place Boston.): $650 (equity raised) LOCATION Boston. the Vault Job Board and more.bostoncapital.com/aboutCareers. html Customized for: ji (jixu0001@e. MA 02108-4406 Phone: (617) 624-8900 Fax: (617) 624-8999 www.com THE STATS Employer Type: Private Company President & CEO: Jack Manning 2004 Employees: 200 2004 Revenue ($mil. CAREER LIBRARY 25 . MA (HQ) KEY COMPETITORS American Communities Property Trust AIMCO Intergroup EMPLOYMENT CONTACT www. expert resume reviews.sg) Visit Vault at www.
packaging federal tax credits into public investment funds in exchange for developing low income housing. finance and accounting. Funding affordable housing In the 1980s. a NASD-registered broker/dealer affiliate.600 properties to support affordable multifamily housing.S. and sales and marketing. The 26 CAREER LIBRARY © 2005 Vault Inc. Boston Capital launched its publicly traded flagship. Puerto Rico and the U.edu. and.Vault Guide to the Top Real Estate Employers Boston Capital Corporation THE SCOOP Bedroom dreams Boston Capital is one of the largest apartment owners in the U. Boston Capital Services. introduced its first Boston Capital Corporate Tax Credit Fund. A year later. providing multifamily and commercial holdings in 48 states. Jack Manning and Herb Collins founded Boston Capital in 1974 in a spare bedroom with the dream of creating a real estate development business that would combine social and financial responsibility. Virgin Islands. Since the early 1990s. Boston Capital Tax Credit Fund. However. in 1992. More than three decades after its founding. helps raises equity through a network of roughly 500 NASD-licensed financial advisors. and offering a range of services including tax credit investments.000 investors for the construction and rehabilitation of 2. Manning and Collins helped shape the Congress-backed Low Income Housing Tax Credit Program begun in 1986. equity and debt for affordable and market rate multifamily housing and self-storage properties. Boston Capital’s message was heard loud and clear. .sg) GETTING HIRED Boston (job) market Jobs at Boston Capital typically fall into one of four main categories: asset management. the privately held company comes from modest origins. Boston Capital today ranks as one of the nation’s leading real estate financing and investment firms. the two funds have combined to raise more than $5 billion in equity from over 80. Customized for: ji (jixu0001@e. which encouraged institutional and individual investors to invest in affordable housing while reducing their tax liability..ntu. real estate.S.
bostoncapital. https://www.Vault Guide to the Top Real Estate Employers Boston Capital Corporation company’s career web site. career message boards. Customized for: ji (email@example.com. CAREER LIBRARY 27 . expert advice.com/aboutCareers. and offers individual job descriptions and application procedures. lists available openings.sg) Visit Vault at www.edu. expert resume reviews.com for insider company profiles.html. the Vault Job Board and more.
bostonproperties.Boston Properties. Linde 2004 Employees: 667 2004 Revenue ($mil. Zuckerman CEO: Edward H.): $1.ntu. MA (HQ) KEY COMPETITORS Equity Office Properties Trump Vornado Realty Trust EMPLOYMENT CONTACT www. 111 Huntington Avenue Boston.bostoncapital.html Customized for: ji (jixu0001@e. MA 02199-7610 Phone: (617) 236-3300 Fax: (617) 536-5087 www.sg) 28 CAREER LIBRARY © 2005 Vault Inc.com/aboutCareers .0 LOCATION Boston.edu. Inc.412. .com THE STATS Employer Type: Public Company Stock Symbol: BXP Stock Exchange: NYSE Chairman: Mortimer B.
J. funds from operations came in at $121. For the most recent quarter ended June 2005. up from $116. its property portfolio also includes hotels and industrial buildings.S. expert advice. Boston's Prudential Center.. however. while famed buildings include San Francisco's Embarcadero Center.. manages. operates and owns a diverse portfolio of Class A office. redevelops. Major tenants include the U. and New York's Times Square Tower. career message boards.sg) GETTING HIRED They'll contact you Job seekers looking for employment with Boston Properties are advised to fill out the online form on the company's career site.com for insider company profiles. which went public in 1997.the company controls sites on which it can develop 10. is an umbrella partnership real estate investment trust (UPREIT) that develops. Boston Properties' expansion plans center on development .edu.9 million the year prior. the Vault Job Board and more. acquires. D. — each of which is home to a full-service regional office. Visit Vault at www. government. and Princeton.3 million. Washington.C.aspx. Citibank. the firm.bostonproperties.S.ntu. the company was selected as the #1 Real Estate Company in Fortune magazine's list of America's Most Admired Companies. The Company is one of the largest owners. CAREER LIBRARY 29 . expert resume reviews. Customized for: ji (jixu0001@e. and Ernst & Young. Today. midtown Manhattan.com/site/careers/ apply. manages roughly 120 buildings totaling 45 million square feet. Inc. San Francisco. N. Applicants will be contacted if an opportunity matching their skills and experience becomes available. respectively) in 1970.vault. Boston Property's primary focus is office space. THE SCOOP Boston builders Boston Properties. Inc.Vault Guide to the Top Real Estate Employers Boston Properties. Linde (current chairman and CEO. It has also found success with its strategy of holding high-quality assets in prime locations. In 2004 and 2005. industrial and hotel properties through Boston Properties LP. Founded by Mort Zuckerman and Edward H. concentrated in five core markets: Boston.6 million square feet as market conditions permit. acquirers and developers of Class-A office properties in the U. www. Future developments For the future.
MA Denver. MN Washington. Zuccotti CEO: Richard B.ntu.Brookfield Properties 200 Vesey Street. NY (HQ) Boston. (Ric) Clark 2004 Employees: 1.com THE STATS Employer Type: Public Company Stock Symbol: BPO Stock Exchange: NYSE. htm Customized for: ji (jixu0001@e.): $1.400 2004 Revenue ($mil. . CO Minneapolis. Arnell Co-Chairman: John E.sg) 30 CAREER LIBRARY © 2005 Vault Inc. 11th Floor Three World Financial Center New York.0 LOCATIONS New York.442.brookfieldproperties.com/careers. TSX Co-Chairman: Gordon E.edu.brookfieldproperties. DC Calgary Toronto KEY COMPETITORS Boston Properties Equity Office Properties Vornado EMPLOYMENT CONTACT www. NY 10281-1021 Phone: (212) 417-7000 Fax: (212) 417-7196 www.
expert advice. Calgary and Toronto in 1997. Denver and Minneapolis from BCE Inc. famous properties include New York City’s Winter Garden and Toronto’s Allen Lambert Galleria.edu. D. and Canada. modern. CIBC. including three of the four towers in Manhattan’s World Financial Center (today. technically advanced office assets located in the central business districts of major gateway cities. home of the Montreal Canadiens hockey team (former Canadiens general manager Sam Pollock still sits on the board). six years later. expert resume reviews.sg) Visit Vault at www. formerly Gentra. Brookfield (then known as Carena Properties) used the steadily increasing value of commercial property to provide a financial base for plans to expand on residential and home building activities. Over the next decade.4 percent). career message boards. Customized for: ji (jixu0001@e. CAREER LIBRARY 31 . the company acquired a 100 percent interest in a portfolio of properties in Toronto.ntu.vault. In 1990. including Manhattan’s World Financial Center and BCE Place in downtown Toronto. in 2003 and 2004. The company also picked up four major office properties in Boston. and. Big-name tenants include Merrill Lynch. In 1997. one of the company’s first major developments was the Montreal Forum purchased in 1924.P. Though the company expanded into commercial and residential real estate during the 1960s. which owned major Canadian commercial properties.S. Brookfield acquired BPO Properties. picked up a 46 percent interest in World Financial Properties (later renamed Brookfield Financial Properties).6-million-square-foot portfolio in Washington. Brookfield built a 1.Vault Guide to the Top Real Estate Employers Brookfield Properties THE SCOOP Property control Brookfield Properties owns and manages 46 office buildings in the U.C. at the time one of Canada’s largest public real estate companies..com for insider company profiles. the Vault Job Board and more. its primary source of earnings remained its ownership of the Forum and the Canadiens until 1976. Brookfield’s interest stands at 99. when it acquired controlling interest in Trizec Corporation. PricewaterhouseCoopers and J. Its portfolio is made up of large. Morgan Chase. Hockey starters Originally known as the Canadian Arena Corporation.
Vault Guide to the Top Real Estate Employers Brookfield Properties
Rebuilding lower Manhattan
As the largest commercial property owner of lower Manhattan, the September 11th terrorist attacks on the World Trade Center hit Brookfield particularly hard; nearly one-third of Brookfield’s total operating income generated in the year before the attacks came from its ownership of the World Financial Center building. The company suffered $300 million in damages as a result of the attacks, and, a year later, 35 percent of its downtown office space remained unoccupied. Despite such dismal circumstances, CEO Ric Clark was unshaken. In September 2002, Clark claimed his company had “more confidence in the future of lower Manhattan than anybody,” and even picked up a 51 percent interest in the fourth WFC tower. Today, the World Financial Center is 94 percent occupied.
Wins and losses
Throughout the years, Brookfield has made strides in the real estate market through a strategy of acquiring well-located office properties and selling lesser-quality and non-core assets, reducing ownership in joint ventures and real estate affiliates. In 2003, the company successfully spun off its U.S.-based home buildings business from its commercial operations, and entered the Washington D.C. market a year later with three purchases. Among Brookfield’s latest developments are the completion of a 35-story building on Madison Avenue and the redevelopment of Liberty Plaza Park, both in New York City. Brookfield controls six million square feet of development sites in New York, Toronto and Calgary. As of October 2005, Brookfield is about to acquire the O&Y portfolio in Canada, consisting of 24 office properties totaling 9.3 million square feet, including First Canadian Place, Canada’s tallest building.
Environmentally sound business practices
Customized for: ji (firstname.lastname@example.org)
Brookfield has also developed a reputation as an owner of some of the most technologically advanced buildings in North America, with initiatives such as automated HVAC (heat, ventilation, air conditioning) systems to reduce energy consumption; tinted windows, UV film and blinds on perimeter windows to reduce solar load and energy usage; low-energy lighting systems; waste recycling; and Energy-Star compliant appliances and equipment.
© 2005 Vault Inc.
Vault Guide to the Top Real Estate Employers Brookfield Properties
Wide range of opportunities
Brookfield Properties web site, www.brookfieldproperties.com/job_listings.htm, lists available positions at each of its regional offices worldwide. Jobs at Brookfield range from mechanical engineers to building managers on up to executives, and are organized by both job function and location.
Customized for: ji (email@example.com)
Visit Vault at www.vault.com for insider company profiles, expert advice, career message boards, expert resume reviews, the Vault Job Board and more.
1850 K St. NW Washington, DC 20006 Phone: (202) 729-1700 Fax: (202) 729-1150 www.carramerica.com
Employer Type: Public Company Stock Symbol: CRE Stock Exchange: NYSE Chairman & CEO: Thomas A. Carr 2004 Employees: 690 2004 Revenue ($mil.): $529.4
Washington, DC (HQ) Austin, TX Chicago, IL Costa Mesa, CA Dallas, TX Denver, CO Los Angeles, CA Redmond, WA Salt Lake City, UT San Diego, CA San Mateo, CA
Equity Office Properties Shorenstein Trizec Properties
Customized for: ji (firstname.lastname@example.org)
© 2005 Vault Inc.
Family business The company stakes its roots in Solomon Carr’s immigration to Washington. San Diego. The company owns controlling interest in 250 office buildings throughout the U. In 1955. Presidential Plaza. investing in. career message boards. Chicago. a successful home builder. CAREER LIBRARY 35 . in 1885 from Leicester. CarrAmerica also provides property management.com for insider company profiles. England. Portland. expert resume reviews. who managed office buildings in Washington and Texas.sg) Using $250 million from the Security Capital U. including Metropolitan Square. Seattle and metropolitan Washington. Oliver Carr Jr. The development of CarrAmerica Development and CarrAmerica Urban Development followed shortly after. founded his own home building company. passed on his passion for real estate onto son Arthur. here we come Customized for: ji (jixu0001@e. expert advice.edu. Orange County.ntu. 282-squareVisit Vault at www.2 million square feet of property in 1993.S.C. as well as a management and development company. granted in February 1996. a 12-story. the company changed its name to Carr Realty Corporation. Carr. the company was able fund acquisitions and development in the suburban market. grandson of Arthur.C. developing. D. Denver. facilities management and leasing services. and holds minority stake in roughly 40 other properties. and managing commercial real estate. and began trading on the NYSE. CarrAmerica works in 12 markets as one of the leading office workplace companies. D. managing 9. Currently. New developments and purchases in recent months include 20 percent ownership of a one million-square-foot office project in Addison. and thus changed its name to CarrAmerica Realty Corporation to reflect its widening focus.vault. By the 1990s. the Vault Job Board and more. The same year. San Francisco Bay Area. Dallas. Salt Lake City. Prime markets include Austin. MCI headquarters and the AARP headquarters. increasing in size through acquisitions in the surrounding Virginia and Maryland areas. marking the company’s first foray into the suburban office market.S.. Texas. Los Angeles.. the Oliver Carr Company had become the leading office property owner and manager provider in the Capitol District.Vault Guide to the Top Real Estate Employers CarrAmerica THE SCOOP Office space CarrAmerica operates as an umbrella partnership real estate investment trust (UPREIT). California.
five buildings totaling 331. D.W. allows prospective employees to search by job type and location. Calif. the CarrAmerica Corporate Center..carramerica. Washington. In addition. Currently. CarrAmerica owns or has stake in 88 buildings in the Bay area totaling 6. the company sold majority stake in one of its largest San Francisco properties.. . Va. in April 2005..950 square feet in San Jose.htm?8.sg) 36 CAREER LIBRARY © 2005 Vault Inc. Calif. and plans to use the proceeds to make more investments in the area. and the Commercial National Bank building in Washington. D.Vault Guide to the Top Real Estate Employers CarrAmerica foot office building in Santa Clara.5 million square feet.C. Resumes should be addressed to the Human Resources Department at: CarrAmerica Realty Corporation Attention: HR/Recruiting 1850 K Street.C. N. GETTING HIRED Carr-eers The CarrAmerica job site. a $131 million high-rise in Rosslyn.ntu. www.edu.com Customized for: ji (jixu0001@e. 20006 Fax: 1-888-439-0689 E-mail: email@example.com/carrsite/index.
CA Newport Beach. expert advice.sg) Visit Vault at www.ntu. CA (HQ) Austin.com/Contact_Us/ employment_opportunities. TX Carteret.. career message boards.catellus. CA Torrance. the Vault Job Board and more. IL KEY COMPETITORS Irvine Company Majestic Realty Shorenstein EMPLOYMENT CONTACT www.5 LOCATIONS San Francisco. TX Lakewood. CA Oakland.com THE STATS Employer Type: Public Company Stock Symbol: CDX Stock Exchange: NYSE Chairman & CEO: Nelson C. San Francisco. CA Woodridge. CA Norwalk.): $814. expert resume reviews. CAREER LIBRARY 37 . CA 94105 Phone: (415) 974-4500 Fax: (415) 974-4550 www. Rising 2004 Employees: 219 2004 Revenue ($mil.Catellus Development Corporation 201 Mission St.com for insider company profiles. CO Los Angeles.edu. NJ Dallas. 2nd Fl.catellus.vault.html Customized for: ji (jixu0001@e.
ntu. In June 2005. the company specializes in developing.3 billion in debt and transaction costs) by the close of 2005. office. The deal will create the nation’s largest REIT focused on warehouse and distribution properties once completed. Dallas and Denver. Selling out During 2004.edu.5 million square feet and one of the largest supplies of developable land in the western United States. retail and major urban development projects. though recent deals in 2004 allowed Catellus to enter markets in northern New Jersey and in Atlanta. Today. the company announced plans to be acquired by rival ProLogis for $4.sg) Catellus careers The Catellus web site requests all resumes be sent as attachments to humanresources@catellus. 38 CAREER LIBRARY © 2005 Vault Inc. managing and investing in a broad range of product types including industrial.com. the company began operating as a real estate investment trust at the start of January 2004. Ga. Formed in 1984 as the real estate arm of the Santa Fe Pacific Railroad and spun off in 1990. including undeveloped land in the Mission Bay neighborhood of San Francisco as well as undeveloped property in San Diego. Other major Catellus markets include Chicago. GETTING HIRED Customized for: ji (firstname.lastname@example.org billion in cash and stock (including $1. It owns a portfolio of rental properties totaling 40.Vault Guide to the Top Real Estate Employers Catellus Development Corporation THE SCOOP California livin’ Catellus Development Corporation is one of the nation’s premier diversified real estate development companies. Catellus spent a good portion of the year selling off its non-core assets to boost its bottom line. residential. Roughly 90 percent of its rental portfolio and nearly 70 percent of its rental property is in California. .
ntu. career message boards.CB Richard Ellis Group.000 * 2004 Revenue ($mil. CA 90245 Phone: (310) 606-4700 Fax: (310) 606-4701 www.): $2.com THE STATS Employer Type: Public Company Stock Symbol: CBG Stock Exchange: NYSE Chairman: Richard C. 100 North Sepulveda Boulevard Suite 1050 El Segundo.cbre.365.sg) Visit Vault at www. CAREER LIBRARY 39 .com for insider company profiles. Brett White 2004 Employees: 17.edu. expert resume reviews. the Vault Job Board and more.1 LOCATIONS El Segundo. Sr. CA (HQ) 300 offices in 50 countries * * — includes affiliate and partner company statistics KEY COMPETITORS Cushman & Wakefield Jones Lang LaSalle Trammell Crow Company EMPLOYMENT CONTACT CB Richard Ellis 100 North Sepulveda Boulevard Suite 1050 El Segundo. VP of HR Customized for: ji (jixu0001@e. Inc.vault. expert advice. CA 90245 Attention: Jack Van Berkel. Blum CEO: W.
Inc. CBRE was named the “most recognizable commercial real estate firm” among real estate professionals in a survey conducted by The Lipsey Co. Greater heights In June 2005. (All of this information includes affiliate and partner company statistics. For the full year. White is a long-time CBRE veteran.ntu. research. with 17. corporate services.50 per share. THE SCOOP No..22 the year prior. With the acquisition of Insignia Financial. the company posted a revenue of $2. CBRE raised its guidance to the range of $2. The next month. Brett White. as it is commonly known.. valuation and advisory. supervising 989 million square feet. the company reported an earnings per share of $0. The firm’s worldly pursuits have paid off: in June 2005. targeting the fast-growing European commercial mortgage-backed securities (CMBS) market. the company announced plans to expand its loan servicing business to Europe.600 completed sale and lease assignments.” In June 2005. CBRE Realty Finance Inc.Vault Guide to the Top Real Estate Employers CB Richard Ellis Group. investing in.85 per share. Customized for: ji (email@example.com to $2. Melody & Co. formed a finance company. CBRE completed a $135-million initial public stock offering. took over CEO duties from Ray Wirta. In June 2004. CBRE’s president. For the first six months of 2005. . project management. trading under the symbol “CBG. On the whole in 2004. L. with over two decades of experience at the company.4 billion on 41..000 employees in more than 300 offices across 50 countries.edu. financing and supervising a diversified portfolio of commercial real estate-related loans and securities. CBRE became the world’s largest commercial property manager. 1 in the world CB Richard Ellis Group is the parent company of CB Richard Ellis Services Inc. the world’s largest real estate services company.2 billion (a 22 percent increase on 2004’s revenue for the same period). compared with a loss of $0. consulting.. It’s also the first real estate services company to be listed on the Fortune 1000. offers brokerage services. purchasing. on revenue of $1. Ray Wirta will serve as chairman of the board in the new company. a commercial real estate consulting firm.sg) 40 CAREER LIBRARY © 2005 Vault Inc. CBRE and its subsidiary.) CBRE.J. to concentrate on originating.
Customized for: ji (jixu0001@e. Women interested in working at CBRE will find themselves in good company. For its efforts in recruiting female employees. retention and advancement of women. presented by the Commercial Real Estate Women Network.com for insider company profiles. GETTING HIRED Breaking the glass ceiling Applicants can visit the firm’s web site at www. CAREER LIBRARY 41 . now 250 members and growing.sg) Visit Vault at www.cbre. the Vault Job Board and more. The network’s main tasks these days are to establish company-wide initiatives for the recruitment.Vault Guide to the Top Real Estate Employers CB Richard Ellis Group.com for more information about the company.edu. Inc. A breakfast for female employees organized by senior vice president Lisa Konizeczka at the CBRE annual conference in 2001 led to the creation of the Women’s Network.ntu. expert advice.vault. expert resume reviews. CBRE won the “Organization of the Year” award in October 2004. career message boards.
sg) 42 CAREER LIBRARY © 2005 Vault Inc. 500 Chattanooga.): $802. .359 2004 Revenue ($mil.cblproperties.1 LOCATIONS Chattanooga.com/cbl. MA KEY COMPETITORS General Growth Properties New Plan Excel Realty Trust Simon Property Group EMPLOYMENT CONTACT www. TN (HQ) Waltham.CBL & Associates Properties 2030 Hamilton Place Blvd.com THE STATS Employer Type: Public Company Stock Symbol: CBL Stock Exchange: NYSE Chairman & CEO: Charles B.edu. Lebovitz 2004 Employees: 1.nsf/jobs? readform Customized for: ji (jixu0001@e. Ste.cblproperties. TN 37421-6000 Phone: (423) 855-0001 Fax: (423) 490-8390 www.ntu.
CBL posted an FFO of $310. Texas..5 million.sg) Visit Vault at www. The Gap and Foot Locker. the Imperial Valley Mall in El Centro. with 124 properties (including over 70 malls) nationwide.edu. CBL is the fourth-largest mall REIT in the U. CBL acquired 23 properties from The Jacobs Group — the single largest acquisition in company history. expert resume reviews. with four associates. develops. In 1979. used to pay down outstanding balances on the company’s lines of credit. Coast to coast Major developments recently include the opening of the Coastal Grand-Myrtle Beach mall in Myrtle Beach.3 percent.6 million the year prior. In 2001. representing an increase of 14. manages and finances shopping malls and other retail properties. At the start of the 1970s. Calif.com for insider company profiles. Customized for: ji (jixu0001@e. Main tenants include The Limited. trading on the NYSE as CBL. CEO Lebovitz blamed the downturn on a “large number of retailer bankruptcies” and expects “strong momentum” in 2005. CBL expanded east in 1988 with the opening of a regional office in Boston. a New York-based firm featuring a large portfolio of East Coast shopping centers. On the whole in the fiscal year 2004. By 1993. after Moses Lebovitz. Charles Lebovitz and Jay Solomon founded Independent Enterprises to develop commercial and shopping center real estate. Its main markets are the Southeast and the Midwest. Independent to public CBL got its start in 1961.4 million compared with $271.ntu.Vault Guide to the Top Real Estate Employers CBL & Associates Properties THE SCOOP Shopping savvy CBL & Associates Properties is a real estate investment trust with a passion for fashion: the company owns. expert advice. and the largest owner and manager of shopping centers in the Southeast. and the opening of the first West Coast mall. the firm had established itself as an official REIT.. the firm opened its first property in Del Rio. the Vault Job Board and more. Independent merged with Arlen Realty & Development Corporation.C.vault. career message boards. Charles Lebovitz became president of Arlen’s shopping center division and. A December 2004 offering of 7 million depositary shares raised net proceeds of $169. S. formed CBL & Associates a year later to develop malls and community centers.S. CAREER LIBRARY 43 .
.com/cbl. Chattanooga. Human Resources CBL Center. Inc. cblproperties.nsf/jobs?readform. . the company posts job openings as they become available on its career web site.Vault Guide to the Top Real Estate Employers CBL & Associates Properties GETTING HIRED Boarding the Chattanooga choo choo.ntu. TN 37421-6000 Fax: (423) 893-4260 E-mail: firstname.lastname@example.org) 44 CAREER LIBRARY © 2005 Vault Inc..edu.com In addition. CBL accepts resumes at the following address: CBL & Associates Properties. Customized for: ji (jixu0001@e. Suite 500 2030 Hamilton Place Blvd.
134 2005 Revenue ($mil.edu.sg) Visit Vault at www.): $12.centex.com Customized for: ji (jixu0001@e. KEY COMPETITORS D.Centex Corporation 2728 North Harwood Street Dallas. CAREER LIBRARY 45 .com for insider company profiles.ntu.vault. expert resume reviews. TX 75201-1516 Phone: (214) 981-5000 Fax: (214) 981-6859 www.7 LOCATIONS Dallas.R.500 offices worldwide.com THE STATS Employer Type: Public Company Stock Symbol: CTX Stock Exchange: NYSE Chairman & CEO: Timothy R. Horton Lennar Pulte Homes EMPLOYMENT CONTACT www. career message boards. TX (HQ) 1.859.centexcareers. expert advice. the Vault Job Board and more. (Tim) Eller 2005 Employees: 17.
During the decades that followed.R.000. it has never reported a quarterly or annual loss or a major write-off.sg) 46 CAREER LIBRARY © 2005 Vault Inc. deep in the heart of CENtral TEXas. The company’s name derives from its location — its headquarters are in Dallas. in 2003.000 workers in more than 1. (formerly Centex Construction Group). as well as its construction arm. Centex employs over 18. Horton. Cavco Industries. for an undisclosed amount.Vault Guide to the Top Real Estate Employers Centex Corporation THE SCOOP Home bodies Thanks to its strategy of focusing on homebuilding and world businesses. Centex’s subsidiaries sell the house and arrange the mortgages for homes in more than 90 markets throughout the U.. Pulte Homes and Lennar by mere units. In the late 1990s.S. a builder of entry-level and luxury single-family houses. Expansion Centex was founded by two Dallas homebuilders who capitalized on the postwar housing boom of the 1950s. The company’s national presence and size have insulated it from the regional housing slumps that affect smaller homebuilders. provides pest-control and security-monitoring services. in 2004. while the number of houses in the fiscal year 2005 topped 33. Eagle Materials Inc. In 2003. Fortune magazine also ranked Centex No. the company augmented its home and commercial construction operations with a home-financing business that is now among the nation’s largest non-bank mortgage originators. Customized for: ji (jixu0001@e. Centex Corporation has become one of the largest homebuilders in the country.S. 1 in its industry on its 2005 list of “America’s Most Admired Companies. as part of a push to move further into the Northeast. In addition. including Centex’s manufactured homes unit. a subsidiary. Centex expanded by acquiring smaller construction outfits.” A Fortune 250 company. including the 1998 purchases of Wayne Homes and Calton Homes Inc. although it also has a construction office in Plantation. FL. Centex operates in more than 600 neighborhoods in the U.500 offices.ntu.. Centex HomeTeam Services. trailing rivals D. . the company picked up Jones Co. Next up was a string of spin-offs. Most impressive of all is its financial track record: since going public in 1969.edu. As of August 2005.
so ancient wood is no longer an option on the list of available upgrades in a Centex home center.vault. Centex donated a house valued at roughly $500.000 to a family in need for an episode of Extreme Makeover: Home Edition.86 billion. revenue topped record levels for the ninth consecutive fiscal year. the company’s Centex Homes subsidiary pledged an initial $1 million to establish the Centex Homes Land Legacy Fund. the Vault Job Board and more. which will provide money for land and water preservations projects nationwide. expert resume reviews. an organization that promotes protection of wildlife habitats. career message boards. in July 2005. the first time the company’s net earnings eclipsed the $1 billion mark. Helping hands At the start of 2005.S. CEO Tim Eller said he expects the U.sg) Visit Vault at www.” In the past decade. while domestic homebuilding operating earnings increased 43 percent to $1.7 million on revenue of $3. Centex recorded the highest year-end backlog of home sales in company history.edu. In response to complaints by the Rainforest Action Network.Vault Guide to the Top Real Estate Employers Centex Corporation Another record-breaking year On the whole for the 2005. Centex has stopped using wood from endangered and ancient forests in its homes.38 billion. as administered by The Conservation Fund. Tree huggers unite! About the only thing bothering Centex in this booming housing market are the protests of tree-lovers everywhere.com for insider company profiles.ntu. expert advice.22 billion. homebuilding industry to “remain favorable” into 2006. Centex has contributed the equivalent of over 200 homes to local communities. Customized for: ji (jixu0001@e. a national nonprofit that works with the television series. HomeAid America. at these showrooms customers can browse through a bevy of other options for their new houses. chose to work with Centex on the project because of the company’s “reputation for building excellence and its longstanding commitment to charitable organizations and causes. increasing 24 percent to $12. More recently. and increased profit by 32 percent. up to $233. CAREER LIBRARY 47 . and plans to focus on neighborhood growth. Prospects for the new year look good: in the first quarter of 2006.
” Typical career areas include land management. Centex’s corporate headquarters invites resumes from applicants interested in administrative positions there. sales. purchasing.centex-careers.sg) Centex employees enjoy the “freedom” of a “loose corporate structure” and a “flexible organization. Auburn. Typical entry-level jobs include field manager/superintendent. all of whom have some kind of co-op or intern experience. estimating. Texas A&M.com. location and company division. now known as Centex Construction] and the other Centex-somethings really seem pretty independent from the parent company. “interviews are not that stressful right now because the job market is so tight. but they don’t seem to affect what we do in the trenches much. OUR SURVEY SAYS Hang loose Customized for: ji (jixu0001@e. however.ntu. that the autonomy of each subsidiary and division results in a wide range of corporate cultures. finance and accounting.Vault Guide to the Top Real Estate Employers Centex Corporation GETTING HIRED Building a career With several major subsidiaries and hundreds of field offices. “Centex is a fairly large company — for construction anyway — but Centex Rooney [a unit of Centex Corp. Florida. which is searchable by position.” says a source. More than half of the students awarded the BYF scholarship become full-time Centex employees after graduation. “I know that things like raises are controlled by Dallas and probably other things too. and we are only interested in sharing that with the best individuals available. construction and sales. which provide recipients with a scholarship and paid internship. “We are competing for the best recruits.” 48 CAREER LIBRARY © 2005 Vault Inc. The company does some “pretty limited campus recruiting” at schools including Purdue.edu. In addition. construction services. Centex sponsors “Build Your Future” scholarships at more than 40 colleges nationwide. product development. Centex has a job section on its web site at www. opportunities are available. .” Another contact adds. as one insider comments. Competition is fairly stiff. Cincinnati and others. explains one insider: “We believe we have the best there is to offer in the industry. land management and finance/accounting.” However. Penn State.” They say.
but certain people arrive at 7:00 or even 6:30 . Field staff can wear jeans every day but must be neat in appearance. expert advice. etc. “there are dress codes without being too specific — be professional and dress casual on Fridays in the office.” This often means at least some time on weekends. The best thing is the profit sharing and retirement plan. Customized for: ji (jixu0001@e. company health clubs and bonuses. Stay put. For example. In addition. expert resume reviews. as well as frequent perks such as free tickets. Health benefits “are good — maybe not great — but you do get a choice between an HMO and PPO. career message boards. The office people start at 8:00 officially.ntu.” The “work hours are tough. but says it varies by company/division.. free meals. Centex employees are able to take advantage of a “healthy” discount on Centex homes. Centex’s national presence gives employees the opportunity to relocate nearly anywhere in the country they wish. CAREER LIBRARY 49 .” The firm tells Vault that it offers profit sharing of approximately 10 percent of the employee’s annual salary.com for insider company profiles.Vault Guide to the Top Real Estate Employers Centex Corporation Office policies Some corporate policies are standard in most offices. yet move around For all their toil and trouble. The company covers all moving expenses and offers a moving incentive bonus.vault. the Vault Job Board and more.. We are very schedule-oriented and do whatever it takes.edu.sg) Visit Vault at www.
Kunz LOCATIONS Parsippany. KEY COMPETITORS HomeServices Prudential RE/MAX EMPLOYMENT CONTACT www.ntu.aspx Customized for: ji (email@example.com THE STATS Employer Type: Subsidiary of Cendant Corp. NJ (HQ) Offices worldwide.century21. President & CEO: Thomas R. NJ 07054 Phone: (877) 221-2765 Fax: (973) 496-7564 www. .sg) 50 CAREER LIBRARY © 2005 Vault Inc.edu.com/learn/recruit ment/index.Century 21 Real Estate LLC 1 Campus Drive Parsippany.
The firm also claims to be the first major real estate firm in the U. and also offers relocation services for individuals. the Vault Job Board and more.” as evidenced by a 2004 Ad Tracking Study. employing 100. with more than 6. CAREER LIBRARY 51 .com/learn/recruitment/index.S. Through an ongoing partnership with Major League Baseball. In addition to residential home sales. To this end. Century 21 also sponsors an annual Home Run Derby charity event (proceeds go to Boys & Girls Club of America and Easter Seals) and All-Star Sweepstakes.Vault Guide to the Top Real Estate Employers Century 21 Real Estate LLC THE SCOOP The real estate run-down Founded in 1971. corporations and military members. to develop products and services for the Hispanic market. Century 21 Real Estate Corporation.century21. which is expected to make up 40 percent of all new homeowners by 2025. Century 21 has agent-training programs and marketing strategies designed for the Hispanic community.ntu. expert resume reviews.600 independently owned and operated franchised broker offices in over 30 countries and territories worldwide. Customized for: ji (firstname.lastname@example.org. which offers a grand prize of a trip to the MLB All Star Week and $250. is the franchiser of one of the world’s largest residential real estate sales organizations.. Visit Vault at www.000 to use towards the purchase of a home. the company helps customers buy and sell commercial and vacation properties. and is responsible for the award-winning “Real Estate for Your World” national ad campaign.000 brokers and sales associates. or looking for the opportunity to own a Century 21 franchise. a subsidiary of Cendant Corp. expert advice.edu. Century 21 agents represent both buyers and sellers of residential real estate. www. Name in the know The firm boasts it has the “most recognized name in real estate. career message boards.com for insider company profiles.sg) GETTING HIRED Sold on Century? The Century 21 career web site. offers a list of local offices and contact information for those interested in a career in real estate.
FL (HQ) KEY COMPETITORS FelCor Host Marriott MeriStar EMPLOYMENT CONTACT www.342.): $1.sg) 52 CAREER LIBRARY © 2005 Vault Inc. . Inc. 450 S. FL 32801-3336 Phone: (407) 650-1000 Fax: (407) 650-1085 www. Orange Avenue Orlando.edu.ntu.2 LOCATION Orlando.CNL Hotels & Resorts.com/career. Senoff Jr.asp Customized for: ji (email@example.com THE STATS Employer Type: Subsidiary of CNL Financial Chairman: James M. Hutchison III 2004 Revenue ($mil.cnlhotels.cnlhotels. CEO: Thomas J.
with ownership interests in more than 100 hotels across the U. and Interstate Hotels. the company also purchased RFS Hotel Investors Inc. Among the recognizable brands CNL operates under are Marriott. CNL wasn’t left faltering though — in the first quarter of 2005. THE SCOOP At your service CNL Hotels & Resorts (formerly CNL Hospitality Properties).edu. Fla.Vault Guide to the Top Real Estate Employers CNL Hotels & Resorts.S.. that June for $383 million. 2 hotel REIT. a subsidiary of CNL Financial. Inc. Further partnerships with Marriott at the start of the 21st century led to acquisitions in Florida. Less than a year later. three Embassy Suites. as well as further acquisitions in California. New Jersey and Hawaii. Customized for: ji (jixu0001@e. and won the firm the “outstanding transaction for M&A activity” award at the annual Americas Lodging Investment Summit.. and Canada.com for insider company profiles. CNL had signed deals to acquire three hotels at Marriott Village in Orlando. one Hilton and CNL’s first Hyatt. Hilton and Hyatt. In 2001. is the nation’s second largest hotel REIT. expert resume reviews. By the end of the 1990s. A planned initial public offering. picking up six new properties in total. Grand Wailea Resort Hotel & Spa in Hawaii and California’s Hotel del Coronado. Within a year.5 million shares. was halted in August 2004 due to poor market conditions. the Vault Job Board and more. M&A happy Acquisitions in 2003 included the legendary 688-room Hotel del Coronado in San Diego. More notably. CNL formed two partnerships with Hilton Hotels Corp. By July 2002. gaining 60 hotels. from Mira Mesa to Atlanta to Philadelphia. on the Disney World grounds. Hotels coast to coast The company was initially formed in 1996 as a direct hotel investment for CNL Financial Group. expected to raise more than $700 million on 35.vault. mostly under the brands Sheraton and Holiday Inn. CNL engineered its largest purchase to date: $2. Calif.sg) CAREER LIBRARY 53 . a whopping 200 percent increase on the $3 million recorded the year Visit Vault at www. one-fifth of its total overall holdings are located in California. the company reached $1 billion in equity raised. expert advice. Famous properties include the Arizona Biltmore Resort & Spa. the company recorded a net profit of $9 million.ntu.2 billion for KSL Recreation Corporation. Arizona. a deal that christened CNL the nation’s No. career message boards. CNL had acquired or invested in eleven properties spanning the nation.
Total revenue also skyrocketed 88. which sorts openings by company.4 million.ntu. the CNL web site redirects prospective employees to parent firm CNL Financial’s career site. Hutchison III attributed the growth to “significant impact from integrating several luxury resorts and upperupscale properties” involved in the KSL acquisition. department and keyword.edu.com/cnlcareers. Inc. www. .cnl. prior. Customized for: ji (jixu0001@e. More recently. compared with $227.8 percent to $429. CNL divested five hotel properties in a July 2005 deal with Pyramid Hotel Opportunity Venture LLC for $109 million.Vault Guide to the Top Real Estate Employers CNL Hotels & Resorts.4 million in the first quarter of 2004. CEO Thomas J.sg) 54 CAREER LIBRARY © 2005 Vault Inc. GETTING HIRED CNL careers For job inquiries.
expert advice. Rainwater CEO: John C. TX (HQ) KEY COMPETITORS CarrAmerica HRPT Properties Parkway Properties EMPLOYMENT CONTACT www.cei-crescent.vault.com for insider company profiles.): $1. Goff 2004 Employees: 747 2004 Revenue ($mil.edu. 2100 Fort Worth. CAREER LIBRARY 55 . expert resume reviews.com/careers/default.293.asp Customized for: ji (firstname.lastname@example.org) Visit Vault at www.com THE STATS Employer Type: Public Company Stock Symbol: CEI Stock Exchange: NYSE Chairman: Richard E. TX 76102-5325 Phone: (817) 321-2100 Fax: (817) 321-2000 www.Crescent Real Estate Equities Company 777 Main St.8 LOCATION Fort Worth. career message boards.ntu.crescent. the Vault Job Board and more. Ste..
totaling 8 million square feet.S. a real estate investment trust (REIT).sg) Game face Crescent is actively involved in its FACES of Change volunteer program. Today.000 hours of community service. which has joined 52 Crescent properties with elementary schools to match resources with school needs. the company announced it would narrow its focus on three major areas (joint venture of core assets. and 22. totaling over 30 million square feet.000 square-foot office space in Atlanta for $130.Vault Guide to the Top Real Estate Employers Crescent Real Estate Equities Company THE SCOOP Western appeal Crescent Real Estate Equities. and half of two Houston properties (JPMorgan Asset Management later picked up the property. Crescent reported a gain of $141 million in net income. buys principally made with joint-venture partners and the sale of non-core assets) as part of a plan to improve stock values after a less-than-stellar 2003 fiscal year.ntu. New property deals in 2005 include the purchase of a 466.2 million in goods and services. We’re not in Texas anymore After receiving industry criticism for an over-concentration in the Texas market. a refrigerated warehouse company.3 million the year prior. Miami and Las Vegas. . through subsidiaries and joint ventures. Other strategic investments include upscale residential developments (primarily in Colorado) and seven upscale hotels and fitness resorts in the Southwest. compared with a loss of $0. Houston. was formed in 1994 after current chairman Richard Rainwater bought a 50 percent stake in The Crescent from developer Rosewood Corp. contributing more than $1. 56 CAREER LIBRARY © 2005 Vault Inc.5 million and plans to co-develop office property in Orange County with Hines.2 billion). Major markets include Dallas. Customized for: ji (jixu0001@e. At its annual stockholders meeting the same month.edu. By the end of the fiscal year 2004. the company owns or has interests in 75 office buildings across the U. Denver. a private real estate investment company based in Houston. Crescent announced in June 2004 it would sell 50 percent equity positions in three of its Dallas-based properties. Crescent also holds a nearly 32 percent stake in the parent of AmeriCold Logistics. The shifting worked. for $1. and was the recipient of the National Commercial Real Estate Customer Service Award from 2001 through 2004. Austin.
expert resume reviews. Postings for available positions are listed on the company’s career web site.asp. Texas 76102 Fax: (817) 321.ntu.crescent.2030 Or by e-mailing: employment@crescent. the Vault Job Board and more. expert advice. career message boards.com/careers/jobs/jobopps.vault.com. CAREER LIBRARY 57 .Vault Guide to the Top Real Estate Employers Crescent Real Estate Equities Company GETTING HIRED Crescent careers Job applicants are asked to submit resumes to the following address: Crescent Real Estate Equities Company Attn: Human Resources 777 Main Street Suite 2100 Ft.edu. Customized for: ji (email@example.com) Visit Vault at www.com for insider company profiles. www. Worth.
.com THE STATS Employer Type: Private Company Chairman & CEO: Harold L. PA 19103-3672 Phone: (215) 299-8000 Fax: (215) 299-8030 www.300 LOCATIONS Philadelphia.htm Customized for: ji (firstname.lastname@example.org) 58 CAREER LIBRARY © 2005 Vault Inc.dayzim.com/Careers/default.): $1. KEY COMPETITORS Bechtel Fluor URS EMPLOYMENT CONTACT www. 22 Philadelphia. PA (HQ) More than 150 locations worldwide. Fl. (Hal) Yoh III 2004 Employees: 20.000 2004 Revenue ($mil.dayzim.ntu.Day & Zimmermann Group 1818 Market Street.edu.
appraisal and maritime operations. munitions.300 customers worldwide. including nearly half of the Fortune 100 list. Operating units The firm divides its operations into four distinct units: Day & Zimmermann International.sg) Yoh! Longtime owner Harold “Spike” Yoh Jr. security. the firm offers engineering and construction. design. industry and government sought out the company for its efficiency-increasing techniques. people who feared being left behind by the fast-paced industrial revolution turned to Day & Zimmermann. John Zimmermann joined a few years later. reprographic. Mann. firms. Founded in 1901 by engineers Charles Day and Kern Dodge.edu.000 employees providing technical and engineering consulting services to a range of clients in several industries.vault. Day & Zimmermann frequently establishes on-site offices to handle major projects. CAREER LIBRARY 59 . career message boards. Customized for: ji (jixu0001@e. dealing in construction and project management. with over 20. Department of Defense. Day & Zimmermann LLC. catering to agencies at all levels of the U. Johnson & Visit Vault at www. including engineering offices in Charlotte serving DuPont and an Orlando office to handle work from AT&T Microelectronics. people in business. the firm pioneered the replacement of belt drives on machine tools with electric motors. With more than $15 million raised from the sale of its infrastructure and airport construction division to Daniel. lending his name to the partnership.S. and the HL Yoh Group. succeeded by son Hal. the Vault Job Board and more. Day & Zimmermann serves more than 1. and is consistently ranked among the top 1 percent of privately held U. PG&E and the nuclear power industry. and foreign governments.S. Major clients include the U. overall.ntu. maritime. and asset management services. From over 150 locations worldwide. travel. plant maintenance and modification. Day & Zimmermann has since become one of the world’s largest professional services firms.S. expert resume reviews. architectural. providing services including travel. expert advice. In early 1999. specializing in technical staffing. staffing. validation. Government Systems Group. retired in 1998.Vault Guide to the Top Real Estate Employers Day & Zimmermann Group THE SCOOP Do the revolution In the early 1900s.com for insider company profiles. after more than 20 years at the helm. Soon after. the firm began to undergo a rare change in ownership.
. One insider remarks. By the time the company’s 100th birthday rolled around.” She adds. Day & Zimmermann offers “valuable experience” and competitive salaries. One contact believes that the company’s owner “makes decisions to please a select few employees. In May of that year. “D & Z is a very short-sighted corporation.” but not preferable for long-term employment.edu.ntu. Respondents. Then in September. Qualifications and requirements vary by position. With the completion of the transfer. the company won the National Family Business of the Year award for its family-based leadership. tuition reimbursement and paid vacations. The Yoh family has controlled the firm since 1961 and reportedly now holds a 90 percent stake. www. but there have been times when I was less than happy. it acquired Kentucky-based contractor The Mason Co. the third generation in the family took the reins.” Customized for: ji (jixu0001@e. In mid-1999 Day made moves to expand its domestic and international presence. Benefits include a full-coverage insurance package. “In general I like it here. but don’t linger As one of the leading engineering firms in the world.sg) 60 CAREER LIBRARY © 2005 Vault Inc. some bad. the company expanded its D & Z International arm into Manchester. England. Mendenhall.S. GETTING HIRED More than a “day” job To learn more about a career with Day & Zimmermann. Day & Zimmermann had grown to become the largest power maintenance contractor in the U.dayzim.” Another informant describes his experience as “some good.com/Careers. fax or e-mail resumes with salary requirements to the addresses listed under the web site job descriptions. employees describe Day & Zimmermann as a “good place to start your career. report having a mixed experience at the firm.Vault Guide to the Top Real Estate Employers Day & Zimmermann Inc.” Pointing to the firm’s private ownership. The same year. OUR SURVEY SAYS Stay. visit the “Careers” section of its web site. however. Send. the five Yoh children aimed to buy out their old man.
OH (HQ) KEY COMPETITORS CBL & Associates Properties General Growth Properties New Plan Excel Realty Trust EMPLOYMENT CONTACT www. Wolstein 2004 Employees: 523 2004 Revenue ($mil.edu. expert resume reviews. career message boards.ddrc. expert advice.ntu.): $644.Developers Diversified Realty 3300 Enterprise Parkway Beachwood. OH 44122 Phone: (216) 755-5500 Fax: (216) 755-1500 www.com for insider company profiles.php Customized for: ji (jixu0001@e. the Vault Job Board and more.ddrc.com THE STATS Employer Type: Public Company Stock Symbol: DDR Stock Exchange: NYSE Chairman & CEO: Scott A.sg) Visit Vault at www.1 LOCATION Beachwood. CAREER LIBRARY 61 .vault.com/careers/careers.
is the nation’s leading owner. In 2005. Miami. the company completed acquisition of 39 open and operating Mervyn’s stores for $408 million.C.Vault Guide to the Top Real Estate Employers Developers Diversified Realty THE SCOOP Successful development Developers Diversified Realty. Developers Diversified owns and manages 500 operating and developement properties totaling over 113 million square feet of real estate in 44 states and Puerto Rico. Mich.. N..sg) Money matters DDR makes its investors smile with its consistent returns. Buying into the billions In strategic moves. through a series of acquisitions and development projects. Ohio headquarters and at its satellite offices in 12 states. the company boasts more than 574 employees located in its Cleveland. Customized for: ji (jixu0001@e. Texas. Since then. through a 50/50 joint venture with Macquarie DDR Trust (MDT). . its portfolio has grown over 10 times that of its pre-IPO portfolio. N. Laurel.5 percent. Fla. DDR made $4 billion in acquisitions in 2004. Penn. Further developments A leading developer of new shopping center space.J. developer and manager of community shopping centers. a self-administered real estate investment trust (REIT).. With a franchise valued at $13 billion. and Chesterfield. Today. Freehold.. San Antonio. taking more than 25 million square feet of shopping center space in 16 states and Puerto Rico. which is sponsored by Maquarie Bank Limited. Through 2005. Projects to be completed in 2006 will include Pittsburgh. and Raleigh. the company says that it’s generated a total shareholder return of 39 percent in 2004 and increased its quaterly dividend by 17. DDR currently has over $1 billion (totaling 10 million square feet) of new shopping center space under development. 62 CAREER LIBRARY © 2005 Vault Inc.J.. Lansing. Mich.ntu. the company will substantially complete construction of new shopping centers in Mt. DDR was founded in 1965 and went public in 1993. N.edu.
For additional information.edu.com. expert resume reviews. Customized for: ji (jixu0001@e. CAREER LIBRARY 63 .Vault Guide to the Top Real Estate Employers Developers Diversified Realty GETTING HIRED Diverse careers The DDR career web site.com/careers/careers. or call them toll free at (877) CALL-DDR. You can also find information on benefits. along with requirements and qualifications for each.ddrc. www.php. the Vault Job Board and more.sg) Visit Vault at www.com for insider company profiles. expert advice.vault.ntu. lists current job openings. contact the Developers Diversified human resources department at hr@ddrc. career message boards.
Louis. TX Minneapolis.4 LOCATIONS Indianapolis. MO Tampa.181.com THE STATS Employer Type: Public Company Stock Symbol: DRE Stock Exchange: NYSE Chairman & CEO: Dennis D. FL KEY COMPETITORS Highwoods Properties Liberty Property Trust Prime Group Realty EMPLOYMENT CONTACT www. NC St.100 2004 Revenue ($mil.ntu.edu. FL Weston. IL Cincinnati. Ste. IN 46240 Phone: (317) 808-6000 Fax: (317) 808-6794 www. IN (HQ) Atlanta.Duke Realty Corporation 600 E. MN Nashville. OH Dallas.): $1. FL Raleigh.dukerealty. OH Cleveland. 100 Indianapolis. GA Chicago. OH Columbus. (Denny) Oklak 2004 Employees: 1.com/company/careers DEPARTMENTS Accounting • Acquisitions & Dispositions • Administrative Services • Construction • Financial Analysis • Human Resources • Information Technology • Investor Relations • Leasing • Legal • Maintenance • Marketing • Property Management • Tax • Tenant Services Customized for: ji (jixu0001@e. . 96th Street. TN Orlando.dukerealty.sg) 64 CAREER LIBRARY © 2005 Vault Inc.
Florida and Minnesota.100.1 million of new third-party construction contracts on a total of 845. CAREER LIBRARY 65 . and leasing. Offices in Nashville and Columbus followed in the 1980s.edu. Office space comprises 25 percent. one of the largest industrial parks in the nation.000 square feet in areas of Ohio.ntu.. Ga. To close out the fiscal year 2004. and gained entry into Southeastern markets through its 1999 merger with Norcross. Texas. retail. and the rest is rounded out by a handful of shopping centers. Duke holds claim to some 900 properties and 4. adding office and retail development businesses. operating mainly in the Midwest and Southeast. which will be developed over a 15-year period for office.9 million of developments and $80. which boasted an annual revenue of over $500 million from 5. is the largest publicly traded office and industrial real estate company in the nation. Week proposal Founded in 1972 in Indianapolis. After going public in October 1993 to the tune of $313 million.. career message boards. Duke announced $80. and opening an office in Cincinnati. Georgia. Overall. Throughout the 1970s. including: 57 acres in Frisco. Services include construction and development. Customized for: ji (jixu0001@e. Illinois. the Vault Job Board and more. expert resume reviews.600 acres of undeveloped land that can support over 69 million square feet of future development for a total of more than 115 million square feet. medical. as Duke grew its industrial holdings. Nearly three-fourths of its holdings are warehouses and light industrial centers. bringing in 90 million square feet of space for the new company. picking up prime land in developing markets.sg) Visit Vault at www. with a staff of 1.000 tenants. a self-managed and self-administered real estate investment trust (REIT).vault.-based Weeks Corporation. and 300 acres of undeveloped land northwest of Indianapolis as part of a 1. Duke Realty. industrial. $182 million worth of Class A suburban office buildings in Atlanta. expert advice..Vault Guide to the Top Real Estate Employers Duke Realty Corporation THE SCOOP Here in the warehouse . Duke established a string of offices in the Midwest. the company continued to expand. the company’s first project was Building One at Indianapolis’ Park 100 Industrial Park — today. Ga.700-acre mixed-use project known as Anson. civic and residential use. asset and property management.com for insider company profiles. Sunshine State developments Duke worked aggressively in the second half of 2004.
IN 46240 66 CAREER LIBRARY © 2005 Vault Inc.com/company/careers. An analyst tracking Duke shared similar thoughts. Suite 100 Indianapolis. on which the company plans to construct approximately 800. forecasting challenges for the company through 2007 with respect to re-leasing vacant space.Vault Guide to the Top Real Estate Employers Duke Realty Corporation One of the first purchases of 2005 included the February acquisition of 41. Florida is an area the company considers key for future growth. Applicants are advised to send a resume to: Human Resources Duke Realty Corporation 600 E. mostly due to costs related to leasing empty space and retaining existing tenants.dukerealty. industry insiders do not see relief in sight — a March 2005 report by Midwest Real Estate News declared 2005 to be a “year of stagnation” for Duke. as rents are not expected to increase. The following month. www. on its career web site.sg) Duke lists position openings. 96th St. the company bought 40 acres of Class A office park in South Florida with plans to create an upscale shopping and dining center. GETTING HIRED The real(ty) deal Customized for: ji (jixu0001@e. Meanwhile.edu. Duking it out with the market Duke will need strong growth in the coming months to maintain its lofty position at the top. while second-generation tenant improvement expenditures increased 164 percent from $36 million to nearly $59 million. Between the fourth quarters of 2003 and 2004.9 million to $16.ntu. along with detailed job descriptions.000 square feet of distribution space.600 square feet of space in South Orlando is part of a larger plan to develop four new speculative and/or buildto-suit buildings over the next three years.9 million.. a deal announced April 2005 for 150. A company newsletter issued April 2005 revealed highest-ever levels of fourth quarter capital expenditures. .6 acres of undeveloped land in South Orlando. the amount of improvements made skyrocketed from $7. while the company is set to develop three buildings on 29 acres near Tampa International Airport by February 2006.
Cincinnati and Indianapolis.com for insider company profiles.com. Tennessee.ntu. expert advice. The company also sponsors a summer internship program for college students in various markets. More information on recruiting schedules can be found on the Duke site. Customized for: ji (jixu0001@e. In addition. Florida and Texas. Duke representatives visited a variety of colleges and universities in Georgia. career message boards. including the Indiana Black Expo. and the Atlanta University Center Career Fair. Professional Diversity Job Fairs in Atlanta. the Vault Job Board and more. North Carolina. Chicago. offering career development. involvement in Duke activities and advising/mentoring. Duke takes part in a number of job fairs on a year-round basis.Vault Guide to the Top Real Estate Employers Duke Realty Corporation Applications may also be faxed to (317) 808-6791.sg) Visit Vault at www. Indiana. expert resume reviews. or sent via e-mail to hr@dukerealty. CAREER LIBRARY 67 . Illinois. Ohio.edu. in 2005.vault. Campus recruiting typically takes place in areas where the company has strong market presence.
IL 60606 Phone: (312) 466-3300 Fax: (312) 454-0332 www.): $3. MN New Orleans. CA San Diego. OR Sacramento. GA Austin.ntu.300 2004 Revenue ($mil. CO Houston.sg) 68 CAREER LIBRARY © 2005 Vault Inc. CA Minneapolis. 2100 Chicago. IN Los Angeles. CA San Jose. Riverside Plaza. Ste. CA San Francisco.3 LOCATIONS Chicago.equityoffice. OH Dallas. CA Seattle. TX Denver. MA Columbus. DC KEY COMPETITORS Boston Properties Mack-Cali Vornado Realty Trust EMPLOYMENT CONTACT www. LA Northern Virginia Orange County. IL (HQ) Atlanta.edu. CT Washington.com THE STATS Employer Type: Public Company Stock Symbol: EOP Stock Exchange: NYSE Chairman: Samuel (Sam) Zell CEO: Richard D. CA Portland. Kincaid 2004 Employees: 2. .com/careers/careers aspx Customized for: ji (jixu0001@e. TX Indianapolis.equityoffice.305.Equity Office Properties Trust 2 N. TX Boston. WA Stamford.
Equity has also been named a Most Admired Company by Fortune magazine. expert resume reviews. Among Equity’s achievements are being the first real estate company named to the S&P 500. known as “Grave Dancer” in the industry.com for insider company profiles. Chairman Zell.Vault Guide to the Top Real Estate Employers Equity Office Properties Trust THE SCOOP Zell’s kitchen Widely considered the premier REIT and an innovator in the industry. after finally convincing the industry that REITs were operating companies. became CEO.edu. Equity went public in 1997. a goal reached in October 2001. M&A overload Zell founded the company in 1976 as an integrated real estate management and acquisition organization. the company lowered its investor expectations for 2002. and a July 2001 merger with Spieker Properties. Equity Office today is the largest property owner in the U.. and one Zell had chased down for years. not just collections of assets. behind the federal government.vault. Run by Sam Zell. Customized for: ji (jixu0001@e. managing some 700 office buildings totaling 123. the Vault Job Board and more. the company owns buildings in 20 states and 28 major metropolitan areas. Since then. one of the most highly regarded real estate minds in the world. career message boards. growing its holdings from 32. who resigned from the post in April 2002 for personal reasons. following the sudden departure of Timothy Callahan.2 million square feet at the time of the IPO to nearly 125 million square feet as of August 2005.. a longtime employee with Equity Office. on Zell’s philosophy that it was better to “under-promise and over-deliver” in the struggling market. and also manages related real estate companies that focus on other facets of real estate. After the September 11th-fueled downturn in the real estate industry. CAREER LIBRARY 69 . In November 2002.sg) Visit Vault at www. has staked a reputation for himself due to his uncanny ability to transform distressed properties into profitable investments. Richard Kincaid. Inc.. Equity has nearly quadrupled in size through $17 billion worth in mergers and acquisitions. Inc.6 million square feet of space. and followed a strategy of building a widely dispersed portfolio throughout the rest of the decade. Inc. expert advice.ntu. a June 2000 merger with Cornerstone Properties.S. mainly through three major deals: a December 1997 merger with Beacon Properties.
Indeed. Equity sold 14 properties and a 4. Equity announced a plan to sell 11 Dallas-area office properties and five Houston-based buildings. after CEO Kincaid called the two Texas cities “non-growth markets” at an investor forum.7 million. GETTING HIRED Equity opportunity employer Customized for: ji (jixu0001@e. Over the course of 2004. valued at $925 million. www. reversing its big-spending ways of the 1990s to create a pared-down portfolio.aspx. Equity sold off most of its industrial holdings. the company’s focus seems to be shifting these days as it divests lesser assets.Vault Guide to the Top Real Estate Employers Equity Office Properties Trust Changing its tune To kick off 2004. Calif. generating capital at a time when falling rents threaten to take a bite out of Equity’s bottom line. Two months later. and sold 5. the company posted a second-quarter loss of $196. Kincaid’s plan for Equity.6 million square feet of industrial space to pension fund management firm RREEF as part of a plan to dispose of non-core assets. Equity sold off a portfolio in suburban Philadelphia for an estimated $170 million to Thomas Property Group.44 million square feet.” By the end of 2005. In August 2005. with plans to use the proceeds to drive down debt. Equity identified 46 buildings to be sold over the next five years. outlined in a June 2005 press release.5. compared with a year-earlier net income of $109.sg) All job openings can be viewed on Equity’s career web site. Resumes submitted for a specific position are entered into the company database and considered for similar job openings for a period of one year. the company completed the sale of a seven-property package spanning six cities for a total of 3. That May.. focuses on “redeploying capital and growing in our top 17 markets.edu.com/careers/careers. To close out the year. most recently more than 3 million square feet of its San Francisco holdings. Kincaid expects to sell $2 billion to $3 billion in assets. mostly in San Jose. By September. .ntu.equityoffice. 70 CAREER LIBRARY © 2005 Vault Inc. Kincaid expects rents to continue to drop by 10 to 15 percent for the remainder of 2005.1-acre area of land in California for $177 million. nearly 10 percent of its total properties.
vault. Duncan 2004 Employees: 6. NC Reynoldsburg.Equity Residential 2 N. Ste. Lauderdale.asp Customized for: ji (jixu0001@e. IL 60606 Phone: (312) 474-1300 Fax: (312) 454-8703 www.sg) Visit Vault at www.000 2004 Revenue ($mil. TX Denver. CA Phoenix.equityresidential. 450 Chicago.com/content/ hr_careermain.equityresidential. expert advice. CO Ft. OR Raleigh. AZ Portland.edu.): $1. DC KEY COMPETITORS AIMCO Archstone-Smith Trust United Dominion Realty EMPLOYMENT CONTACT www. IL (HQ) Atlanta. the Vault Job Board and more. career message boards.5 LOCATIONS Chicago. FL Washington. WA Southeastern Michigan Tampa. FL Orange County. CAREER LIBRARY 71 . Riverside Plaza.ntu. TX Seattle. GA Dallas.com for insider company profiles. OH San Antonio.com THE STATS Employer Type: Public Company Stock Symbol: EQR Stock Exchange: NYSE Chairman: Samuel (Sam) Zell CEO: Bruce W.897. expert resume reviews.
during which Equity Residential picked up rivals Wellsford Residential Property Trust. and is ranked on the S&P 500. Equity had surpassed Crocker’s goal.Vault Guide to the Top Real Estate Employers Equity Residential THE SCOOP Apartment life Since first going public in August 1993.3 million- Customized for: ji (email@example.com. . the firm is a self-administered and self-managed equity real estate investment trust (REIT) with whole or partial interest in almost 1. Seattle and suburban Denver. 1 Following Equity Residential’s IPO. mixed with a few mid/high-rise buildings in 33 states. while a particularly strong hurricane season in Florida the following September caused a total of $14. like its Zell-owned sibling. though. Within five years. Equity Offices. Properties are comprised mostly of garden and ranch properties. On the road to No. in which shares were up $0.1 million in property damage. Tempering the gain. as Equity Residential acquired properties in the San Fernando Valley. CAPREIT. Seattle’s 1. Equity Residential has been named one of America’s Most Admired Companies by Fortune magazine. effectively growing its trust to more than twice the size of the next largest competitor.000 apartment communities with 220. his replacement has yet to be announced. was the news that President and CEO Bruce W.ntu. New property in development includes Boston-based West End Residences. then-CEO Douglas Crocker II set forth a specific — if lofty — goal for the company: to become the No. Evans Withycombe Residential and Ameritech Pension Trust for a total of $2.sg) 72 CAREER LIBRARY © 2005 Vault Inc. 1 apartment company in the U. compared to $0. Duncan would retire by the end of 2006. Equity also leases over 35 divisional.52 the year prior. Equity Residential has grown to become the largest publicly traded owner and operator of multifamily properties in the United States in terms of sales.S. which forced a decline in third-quarter earnings of 34 percent.14 billion. A rise in expenses during the summer of 2004 caused earnings to slip 7 percent.edu. partially through an extensive buying spree in 1997. As of October 2005.000 units across 36 states. regional and area property management offices throughout the United States. Business picked up by the first quarter of the fiscal year 2005. And. Formerly known as Equity Residential Properties Trust. Weathering the market Purchasing continued into the 21st century. Chaired by real estate guru Sam Zell.
ntu.edu. Customized for: ji (firstname.lastname@example.org) Visit Vault at www. and three high-rise towers in Manhattan. leasing consultants. expert advice. the Vault Job Board and more. expert resume reviews. Typical jobs at Equity Residential include maintenance personnel. sorted by both state and category. known as Trump Place.com for insider company profiles. assistant managers. Applications can be submitted online.vault. groundskeepers and property managers.Vault Guide to the Top Real Estate Employers Equity Residential square-foot Harbor Steps complex. GETTING HIRED Joining Zell’s angels All job openings can be viewed on the company web site. corporate positions. career message boards. CAREER LIBRARY 73 .
edu. .felcor.9 LOCATION Irving.com THE STATS Employer Type: Public Company Stock Symbol: FCH Stock Exchange: NYSE Chairman: Donald J.sg) 74 CAREER LIBRARY © 2005 Vault Inc. Ste. Horton Lennar Pulte Homes Customized for: ji (jixu0001@e.FelCor Lodging Trust Incorporated 545 E. 2004 Employees: 70 2004 Revenue ($mil. 1300 Irving. TX (HQ) KEY COMPETITORS D. McNamara CEO: Thomas J. John Carpenter Fwy.): $1.ntu.203.R. Corcoran Jr. TX 75062 Phone: (972) 444-4900 Fax: (972) 444-4949 www.
com for insider company profiles.S. By the mid-way point of 1997. but it was money well spent: assets more than doubled from $2. followed by the acquisitions of four Doubletree Guest Suite hotels for $83 million in April. the 1995 purchase of 18 Crown Sterling Suites. Phoenix. the Vault Job Board and more. behind Host Marriott. the duo went on to purchase six Embassy Suites. Customized for: ji (email@example.com billion.’s 109 hotels.2 billion on the sale.ntu. DIY mentality Founded in December1991 by current CEO Tom Corcoran and the late Hervey Feldman. expert advice. FelCor had amassed a portfolio of 73 hotels. The year of the purchase In 1996.vault. FelCor had gone public with an IPO of $120 million under the name FelCor Suite Hotels. The company used the capital generated from the offering to fund a larger renovation project.000 rooms and suites operating mostly under the Crowne Plaza. FelCor was first listed on the New York Stock Exchange. The company owns some 133 hotels. mostly upscale or upperupscale. InterContinental Hotels and Starwood Hotels & Resorts). FelCor Visit Vault at www. renovating and rebranding properties with its first purchase. a depressed Holiday Inn at the Dallas-Fort Worth Airport.7 million that June. Between 1992 and 1994. San Diego. Minneapolis. Houston. Orlando. Buying activity reached the billions with a March 1998 deal for Bristol Hotel Co. By 1994. the company picked up a 50 percent stake in eight Embassy Suite hotels for $100 million.Vault Guide to the Top Real Estate Employers FelCor Lodging Trust Incorporated THE SCOOP Top scale FelCor is the second-largest hotel real estate investment trust (REIT) in the U. In the year that followed. Boca Raton/Ft. Within five years of going public. The purchase cost FelCor $1. San Francisco. in 31 states and Canada with approximately 38.4 billion to $4. career message boards. Dallas. increasing FelCor’s portfolio to 84 hotels. The next month. five ITT Sheraton Hotels for $200 million in May and 12 Embassy Suites for $146. Lauderdale.. Major markets include Atlanta. Embassy Suites and Doubletree names (most of the company’s hotels are managed by Hilton Hotels. New Orleans.sg) CAREER LIBRARY 75 . Los Angeles. which were then redeveloped and converted into Embassy Suites and Doubletree Guest Suites. Chicago and Philadelphia. the company got a further boost with a $245 million deal for eight Starwood properties. FelCor (a play on the first syllables of the founders’ last names) established early on its focus of buying.edu. expert resume reviews.
was squashed in September 2001 after the September 11 attacks sent the travel and tourism industry into a tailspin.. Neb. Customized for: ji (jixu0001@e. the $1. the Northeast corridor and Pacific Northwest. The company changed its name again in 1998 to FelCor Lodging Trust. including four hotels in Plano.” optimistic that recovery was within reach. fueled by higher revenue and increased room rates.. as the company posted a widening loss margin of $204. . its first acquisition in two years. The downturn hit FelCor hard. Calif. respectively.sg) 76 CAREER LIBRARY © 2005 Vault Inc. with a focus on upper-upscale hotels in major markets. and Omaha.1 million in 2002 and 2003.Vault Guide to the Top Real Estate Employers FelCor Lodging Trust Incorporated had become one of the nation’s top three largest REITs. At the start of 2004. the company divested a number of non-strategic interests. the name it retains today. As of June 2005. Texas. FelCor laid out a plan to grow its portfolio after spending much of the 21st century selling non-core hotel assets. Soon after. including Southern California. On an upswing During the annual Americas Lodging Investment Summit in February 2004. Miss. Texas. Burned by the recession A second mega deal. compared with a loss of $27 million the year prior. mainly through a conservative financial strategy engineered by Corcoran.1 billion offering of cash and stock for the MeriStar Hospitality Corporation. FelCor had a market capitalization of $3. By the first-quarter of 2005.ntu.9 million and $337.edu. and maintained an occupancy rate over 70 percent at a time when the industry average was 63 percent. the turnaround Corcoran had prophesied was seemingly in sight. Houston. using the proceeds to purchase a 132-room Holiday Inn in Santa Monica. Jackson. CEO Corcoran said he believed “the worst was over” following “three tough years for our industry. The company posted a smaller loss of $18 million..2 billion.
Miller CEO: Charles A.. IL Denver.ntu.asp Customized for: ji (jixu0001@e. OH (HQ) Boston. MA Chicago. 50 Public Sq.edu.net THE STATS Employer Type: Public Company Stock Symbol: FCEA Stock Exchange: NYSE Co-Chairman: Albert B. expert resume reviews. the Vault Job Board and more. CAREER LIBRARY 77 . Ratner Co-Chairman: Samuel H.098 2004 Revenue ($mil.forestcity.sg) Visit Vault at www.): $1.net/about_jobs.forestcity.com for insider company profiles. Ratner 2005 Employees: 4. OH 44113-2203 Phone: (216) 621-6060 Fax: (216) 263-4808 www. CA New York. 1100 Cleveland. CO Los Angeles. NY Washington.042 LOCATIONS Cleveland. expert advice. Ste.vault. DC KEY COMPETITORS Inland Group Trammell Crow Company Trizec Properties EMPLOYMENT CONTACT www.Forest City Enterprises Inc. career message boards.
. During the 1930s.ntu. Mass. office and hotel projects) and its residential group (managing rental units). which celebrated its 25th consecutive year of EBDT growth at the end of the fiscal year 2004. Customized for: ji (jixu0001@e. THE SCOOP City vs.C. The company’s main focus today is on real estate development through its commercial group (in charge of retail. Forest City has come a long way from its rural roots. it sold its wholesale lumber dealer.3-million-square-foot University Park at MIT biotechnology development. Ratner’s siblings Max. Forest City began building office space. housing abandoned manufacturing plants into the 2. Forest City entered the landdevelopment business in the 1940s. to FCTG’s employees for $40 million in 2004. Leonard and Fannye came aboard. and California. Denver.Vault Guide to the Top Real Estate Employers Forest City Enterprises Inc. the Greater Washington. Forest City Trading Group.S. Miller and Shafran families maintain leadership of the company. Rat’s pack Charles Ratner established a family lumber business in the early 1920s after immigrating to the U. planting the seeds for two major real estate revivals that would span decades and make Forest City a wellknown industry force: the transformation of a 27-acre lot in Cambridge. eventually reaching the California coast by the 1970s. The Ratner. By then. and together the foursome created Forest City Material. constructing pre-fabricated houses and some of the country’s first strip-based shopping centers. and the renaissance of downtown Brooklyn 78 CAREER LIBRARY © 2005 Vault Inc. and made bank early on as a builder of garages at the forefront of the automobile industry expansion. Expansion continued as the company pushed west. the company went public in 1960. a building and lumber business. Forest City first dabbled in the real estate field. Riding the need for government housing during World War II. After nearly four decades of success./Baltimore area. Core markets include the New York City/Philadelphia metropolitan area. picking up lots for commercial development.edu. Boston. from Poland. In 1929. country Originally founded in 1921 as a lumber dealer.sg) Turning pumpkins into carriages In the 1980s. D. Forest City had made a name for itself as a property owner of some of America’s largest urban and suburban real estate projects. Though Forest City still develops raw land.
office and residential. neighborhood plagued by decades of crime and economic decline. $800 million project.1 million. begun with the 1988 construction of One Pierrepont Plaza. nearly double the $42.sg) Visit Vault at www. Net earnings for fiscal 2004 came in at $85. career message boards. the Vault Job Board and more. the firm has garnered attention for its participation in the development of an East Baltimore.935-acre renovation of the former Stapleton International Airport into a pedestrian-scale urban community through a collaboration with the City of Denver. looks to create a mixeduse community adjacent to the Johns Hopkins University medical campus that will attract top biotechnology firms and biomedical research in conjunction with JHU’s medical school.8 percent gain over 2003’s $848. the redevelopment of Los Angeles’ historic Subway Terminal Building. CEO Charles A.952 homes at five U. begun in 2005. Since then. in New York City. Customized for: ji (firstname.lastname@example.org.S. CAREER LIBRARY 79 . As of August 2005. a 28-acre technology and research park in Skokie. 95 percent and 91 percent in retail. construction on a 1. development of Brooklyn Atlantic Yards.2 million. and a government contract to build 1. respectively. In addition. Forest (on) fire Financial results reflect Forest City’s business growth.ntu. expert advice.5 billion mixed-use project whose main attraction will be a new sports and entertainment arena.” Equally impressive were the firm’s occupancy levels: 92 percent. Forest City has steadily amassed a mix of smaller regional acquisitions and largescale transformations. expert resume reviews. Ratner characterized the 2004 year as one full of “numerous financial accomplishments and developmental milestones. Ill. while consolidated revenue capped $1 billion on a 22.4 billion.Vault Guide to the Top Real Estate Employers Forest City Enterprises Inc. Navy communities in Hawaii.edu.vault.com for insider company profiles. 52-story office building in New York City’s Times Square which will house headquarters for The New York Times upon completion in 2007.7 million reported in 2003. The 10-year. the first construction project in downtown Brooklyn in nearly 25 years. a $2. assets are listed at a record $7.. including the 2. Md.
.ntu. www. lists available jobs by position and location.edu.Vault Guide to the Top Real Estate Employers Forest City Enterprises GETTING HIRED The key to the City The Forest City career web site. development. Suite 1300 Cleveland.sg) 80 CAREER LIBRARY © 2005 Vault Inc.asp. Resumes should be submitted to: Forest City Enterprises. finance. Typical areas of concentration include accounting. Human Resources Department Terminal Tower 50 Public Square.net.forestcity. Customized for: ji (jixu0001@e. Inc. property and technical. OH 44113 Additional inquiries may be addressed to email@example.com/about_jobs.
generalgrowth. 110 N.com for insider company profiles.894. career message boards.General Growth Properties.com THE STATS Employer Type: Public Company Stock Symbol: GGP Stock Exchange: NYSE Chairman: Matthew Bucksbaum CEO: John Bucksbaum 2004 Employees: 5. Wacker Drive Chicago. IL 60606 Phone: (312) 960-5000 Fax: (312) 960-5475 www. Inc.vault.edu.): $1.200 2004 Revenue ($mil.com/careers/ index. CAREER LIBRARY 81 . expert advice. the Vault Job Board and more.sg) Visit Vault at www.generalgrowth. expert resume reviews.3 LOCATION Chicago.htm Customized for: ji (firstname.lastname@example.org. IL (HQ) KEY COMPETITORS CBL & Associates Properties Mills Corporation Simon Property Group EMPLOYMENT CONTACT www.
development. the Bucksbaums owned five properties. GGP announced its sixteenth consecutive quarter of double-digit Funds From Operations (FFO) growth. the management company of General Growth. and. leasing.Vault Guide to the Top Real Estate Employers General Growth Properties. John Bucksbaum. including Old Navy. with more than 300. home to more than 18. and became majority stockholders in General Management Corporation. son of Matthew. Ranked the second-largest owner/operator of malls behind Simon Property Group. with Matthew remaining as chairman of the board. A family business After brothers Martin and Matthew Bucksbaum decided to expand the family grocery operation in 1954. though General Growth Management Inc. GGP owns or operates more than 220 shopping malls covering 200 million square feet of space in 44 states. At the start of 2000. continued to oversee operations on a third-party basis. for $871 million. a British company.ntu. Iowa became one of the earliest shopping centers in the Midwest. GGP was first listed on the NYSE in under two years’ time. later in the year. THE SCOOP Mall madness General Growth Properties. and owns roughly 110 office. Inc. The company’s 1989 acquisition of The Center Companies made GGM the nation’s second-largest regional shopping management company. mixed-use and industrial properties. Texas — the most successful mall opening in company history. acquisition. and the domestic subsidiaries of MEPC.000 visitors during the first three days of business. Inc. In addition.C.85 billion in conjunction with four partners. expansion and financing of regional mall shopping centers in the United States. and manages holdings for institutional owners. Penney and Sears. operation.edu. GGP employs over 5. Shopping for acquisitions Customized for: ji (jixu0001@e. They exchanged their stock for shares in a REIT. opened the Stonebriar Centre in Frisco. in 1970. management. called General Growth Properties.. the company made good on the “growth” portion of its name. J. for $1. 82 CAREER LIBRARY © 2005 Vault Inc. and a second REIT was established in 1993 using 55 percent of General Growth’s holdings. Prime Property Inc.000 workers. is a real estate investment trust engaged in the ownership. their resulting Town & Country Center in Cedar Rapids. acquiring Homart Development Co.S. became CEO in May 1999. for $625 million.sg) During the rest of the decade.000 retailers. The company liquidated its REIT with the 1984 sale of 19 malls to Equitable for $800 million. . Within a decade. U.
North Carolina. San Francisco. GGP. career message boards. GGP rounded out an impressive year with back-to-back purchases of malls in Monroe. That August. Georgia. which is expected to move to a new location. a premier real estate development and management firm. in a deal CEO John Bucksbaum called.” Customized for: ji (jixu0001@e. though. announced plans to exercise an option in its lease to take over portions of the neighboring Fulton Fish Market. the company established its first international joint ventures in Brazil and Costa Rica. Virginia. with the purchase and expansion of malls in Texas. the single largest transforming event in our company’s history. a Visit Vault at www. For a whopping $12. Louisiana. was a lawsuit filed against Rouse. Indiana. based on performance and ability to deliver high yield growth rate in comparison with peers.vault. “without question. Vermont. the Vault Job Board and more. while spending a combined $567 million on property improvements for 2001 and 2002. accusing the company of overbilling for charges and misappropriating funds meant to promote the Seaport mall. followed by the April 2002 acquisition of Victoria Ward. Forbes magazine awarded GGP one of only two A+ ratings for all REIT companies. it had increased its holdings from 21 malls covering 13 million square feet to 160 malls encompassing 141 million square feet.com for insider company profiles. Overall during the year. 26 community centers and 1. which acquired the land through its purchase of Rouse. Ltd. By GGP’s tenth anniversary of going public. and Los Angeles.S. Missouri. perceived by the industry as a mall in decline. New Mexico. Hawaii. CAREER LIBRARY 83 . Arkansas.Vault Guide to the Top Real Estate Employers General Growth Properties Model student In January 2002. gaining 18 regional malls. By March 2004. Also acquired at South Street. Colorado.1 million square feet to its portfolio for a 24 percent increase on 2001. Maine. GGP ended the year with its biggest business transaction ever (and the largest retail real estate merger in U.3 million square feet of industrial space. history).1 billion. GGP gained 100 percent ownership of the Rouse Company. In July 2005. Alabama. GGP added 21.sg) Something fishy New projects in the works include the expansion and revival of Lower Manhattan’s South Street Seaport mall. 2 billion shoppers were passing through GGP-operated centers on an annual basis.6 billion. GGP purchased JP Realty for $1. Transforming company history Expansion continued into 2003 and 2004. Nevada. Two months later. California. La. expert advice.edu. Massachusetts and Oregon. a privately-held real estate corporation with prime property in Hawaii...ntu. expert resume reviews.
known as GGP Prodigies. business management. customer service. communications. Employment areas typically include: accounting.Vault Guide to the Top Real Estate Employers General Growth Properties spokesperson for GGP says the company refuses to discuss the suit or its redevelopment plans. operations. which lists availabilities by location and category. business law. site development. Industry analysts consider redevelopment GGP’s “bread and butter. technology and visual merchandising.sg) 84 CAREER LIBRARY © 2005 Vault Inc. public relations.htm. mall management. www. finance. for college students interested in the fields of accounting.edu. development. leasing. security purchasing and tenant leasing. finance.generalgrowth. communications. . Resumes can be submitted online. In addition. the company sponsors a year-round internship program. legal. marketing. GETTING HIRED Growing a career All openings can be viewed on the company’s career web site. Customized for: ji (jixu0001@e. acquisitions. asset management.ntu. advertising. retail management. real estate management. corporate.” and are eager to see what will emerge at the site. marketing. human capital.com/careers/index.
IL (HQ) Los Angeles.sg) Visit Vault at www. CAREER LIBRARY 85 . expert resume reviews.edu.ntu. Suite 2500 Chicago. expert advice. career message boards. CA Minneapolis.vault. IL 60606 Phone: (312) 855-5700 www.heitman. the Vault Job Board and more. Wacker Drive. MN Frankfurt London Luxembourg Tokyo Warsaw EMPLOYMENT CONTACT www.Heitman LLC.heitman. 191 N.com/careers.asp Customized for: ji (email@example.com THE STATS Employer Type: Private Company Chairman: Jerome Claeys III President and CEO: Maury Tognarelli 2004 Employees: 199 LOCATIONS Chicago.com for insider company profiles.
Heitman acquired the institutional investment and property management business of JMB Realty. forming one of the then-largest real estate investment management enterprises.S.S.ntu.S. foundations and individual investors. and employs 199 people worldwide. Heitman had begun making investments in the public real estate securities (REITs). and Europe. To add to its investment management business. a London stock exchange listed global financial services firm. THE SCOOP Managing for the future Heitman is a multinational real estate investment management firm that serves a global client base and makes investments in commercial real estate directly or in publicly traded real estate investment trust (REIT) securities in the U. and European private real estate equity. public real estate securities.S. Lending a hand to investors Heitman was formed in 1966 to originate and service commercial real estate mortgage loans for institutional lenders. to focus on growth.S. Over the next year. In 1974. Clients include national and international institutions. . pension plans. with approximately $13. commingled funds for institutional investors. an evolving area in the commercial real estate industry. In 1994. endowments. and had become one of the most dominant. U. Client services cover U. The company is half-owned by key executives and by Old Mutual plc. Heitman sold off its interests in non-strategic businesses. including property management and leasing. the company expanded its business and focus to provide real estate investment management services for institutional investors looking to directly invest in real estate.S. By the end of the decade. Heitman formed its own property management and leasing division.sg) 86 CAREER LIBRARY © 2005 Vault Inc. Customized for: ji (jixu0001@e. and offshore institutional investors of the 1970s. The company ranks 11th among U. Poland. U. In 1980. Heitman strengthened its European business by expanding its London office and opening a new office in Warsaw. supporting investments made on behalf of clients.S.Vault Guide to the Top Real Estate Employers Heitman LLC. privately held real estate investment management firms in the industry. Heitman created its first closed-end.edu. debt and U. Heitman soon represented some of the largest U. in 1998.-based real estate investment management firms.1 billion in assets.
ntu.heitman. IL 60606 Fax: (312) 251-4807 E-mail: careers@heitman..S.com/careers. and. Wacker.Vault Guide to the Top Real Estate Employers Heitman LLC. Heitman has introduced and closed two additional funds in Europe. Customized for: ji (jixu0001@e. The fund. France and Poland. In November 2003.asp. In June 2004. www. had formed a commingled fund comprised of U. plans to invest in eight to 10 joint ventures.com for insider company profiles. resumes and salary requirements should be sent to: Heitman LLC. GETTING HIRED New career “heits” Jobs are listed on the Heitman career web site. career message boards.S. expert resume reviews. Heitman continues to pursue new investment opportunities for its clients. CAREER LIBRARY 87 . Cover letters. the Vault Job Board and more.com The firm does not receive phone calls regarding job applications or application status. Heitman announced it would turn its focus back stateside. by 2000.vault. with a majority stake in each. Going global The firm began making investments directly in real estate in Central Europe during the last few years of the 20th century. Human Resources 191 N. Japan.sg) Visit Vault at www. expert advice. with $11. Asian and European investors seeking investments in the area.edu. Since the original fund. #2500 Chicago.2 billion in assets under management. Heitman acquired three warehouse/distribution logistics portfolios in Italy. Heitman Value Partners. The company pushed international growth further in February 2005 with the opening of an office in Tokyo. forming a $400 million fund to invest in properties in the U.
Germany Frankfurt. IL • Dallas.com/en/ww/ company_info/employment. . Spain Beijing. Australia Taipei. Singapore • Sydney. Switzerland KEY COMPETITORS Choice Hotels InterContinental Hotels Marriott EMPLOYMENT CONTACT hiltonworldwide.683 LOCATIONS Beverly Hills.): $3. NY • San Francisco. China • Singapore. Germany Buenos Aires. Bollenbach 2005 Employees: 70. China • Berlin.000 2005 Revenue ($mil. MI • Las Vegas.edu. Australia • Milan. Switzerland • Ha Noi.sg) 88 CAREER LIBRARY © 2005 Vault Inc. Germany • Geneva.jhtml Customized for: ji (jixu0001@e. Vietnam Melbourne. Germany • Dusseldorf. TX • Detroit. France Rome. DC • Barcelona. Germany • Paris. CA (HQ) Atlanta. Italy Munich. Italy • Sao Paulo. Argentina • Dresden. CA 90210 Phone: (310) 278-4321 Fax: (310) 205-7678 www. GA • Chicago.hiltonworldwide. Taiwan • Zurich.com THE STATS Employer Type: Public Company Stock Symbol: HLT Stock Exchange: NYSE Co-Chairman: William Barron Hilton Co-Chairman & CEO: Stephen F.ntu. NV New York. CA Washington.hilton.Hilton Hotels Corporation 9336 Civic Center Drive Beverly Hills. Brazil Shanghai.
By 1943. a frequest stay program. Taking the Hilton name worldwide Conrad Hilton bought his first hotel in Cisco. Bollenbach to head the company in 1996. Customized for: ji (jixu0001@e. new mattresses. upscale lodging.” In the mid-1960s. the firm had become the first “coast-to-coast” hotel chain in the U. expert resume reviews. CAREER LIBRARY 89 .. Hilton International built 16 luxury hotels abroad. the company that owns the brand outside of North America. Conrad and Embassy Suites Hotels offer full-service. the Vault Job Board and more. Doubletree. box springs and pillows.300 owned. career message boards. son of founder Conrad. new bedding with thicker Visit Vault at www. Hilton began franchisinf hotels. joining Barron Hilton. At the heart of the “Make It Hampton” campaign was a $100 million makeover. Between 1953 and 1966. Hilton tapped Stephen F.ntu.Vault Guide to the Top Real Estate Employers Hilton Hotels Corporation THE SCOOP Conrad’s clan The Hilton Hotels empire includes more than 2. Hilton. In June 1998.S.com for insider company profiles. after the company realized it could capitalize on its prestigious name. Hampton and Hilton Garden Inn are focused-service brands. Bollenbach was named co-chairman in May 2004 at the approval of the company’s board. the first non-Hilton family member to be named president and CEO.sg) Making it “Hampton” As part of a strategy to stay ahead of the competition. under the aesthetic theme of “corporate modern. Hampton Inn & Suites. Hilton unveiled a 127-point plan in 2004 to “turbo-charge” its 20-year-old mid-scale Hampton brand. installing high-speed Internet access to lobbies and guest rooms. Hilton revealed a new global graphic identity – a bold “H” encircled with a calligraphic scroll – to represent the marketing alliance between Hilton Hotels Corporation and Hilton Hilton Group plc. Conrad.vault. while retaining CEO status. managed and franchised hotels throughout North America. Texas in 1919. The two companies share advertising and marketing initiatives. and was also first to establish the concept of the airport hotel. Homewood Suites by Hilton and Hilton Grand Vacations Club. Homewood Suites by Hilton is extended stay and Hilton Grand Vacations is comprised of timeshare resorts. as well as Hilton Reservations Worldwide and Hilton HHonors. featuring a new breakfast initiative. expert advice. Hilton Hotels Corporation operates under the brands Hilton.edu. Embassy Suites Hotels.
the firm suggests contacting the hotel you are interested in directly by searching the Hilton hotel address and phone number database. Hilton Hotels plans to continue development on its Hilton Grand Vacations Company resort in Florida. continue to add more than 100 new hotel properties in North America each year and expand the Conrad brand both in the U. In July 2005.com. Meanwhile.Vault Guide to the Top Real Estate Employers Hilton Hotels Corporation comforters and high-quality sheets. The innovations continue For the future. better technology – then spread to all the Hilton brands.S. and internationally. and cables for connecting to iPods or computers. while renovating bathrooms in its Doubletree and Homewood Suites by Hilton. integrated technology platform across all brands capable of sharing information across every guest touch point.com. also posted on the site. For non-management positions.sg) One for the students Hilton sponsors an intensive full-time management training program. or e-mail firstname.lastname@example.org. Customized for: ji (jixu0001@e. International jobs can be found at www.edu.com.ntu. a signature alarm clock/radio made exclusively for Hampton by Timex. . tracks customer preferences (such as extra pillows or nonsmoking rooms) and records them in a database accessible by all of the company’s hotels. the firm’s OnQ customer service platform. dubbed “Leader-In-Training. GETTING HIRED I want to be a Hilton (employee) Hilton lists job openings on its main career site.” according to the hotel chain. Nevada and Hawaii. making it the only hospitality company “to utilize a single. Hilton began using toiletries from the upscale Crabtree & Evelyn at its Hilton Hotels and Resorts. released in May 2003. and replaced 19-inch televisions with 27-inch sets. Potential candidates should be recent college 90 CAREER LIBRARY © 2005 Vault Inc. Those interested in openings at hotels that are currently being built are advised to call (310) 278-3127.hiltonhotelscorp. The main tenets of “Make It Hampton” – improved amenities.” that typically lasts six to eight months and offers competitive entry-level management salaries. www.
Hilton also offers summer internships. Recently. the Vault Job Board and more. For college undergrads between their junior and senior years.vault. Fortune magazine has listed the company as one of the “50 Best” for minority workers for the past several years. Hilton also sponsors diversity training programs at all levels of operation.Vault Guide to the Top Real Estate Employers Hilton Hotels Corporation graduates.sg) Visit Vault at www.com for insider company profiles. More information about Leader-In-Training can be found at www. and more than half of its overall workforce. Diversity matters Minorities and women fill nearly half of the firm’s management positions. expert advice. CAREER LIBRARY 91 . career message boards. more information is posted on www.com.com. the second half specializes in a particular area of discipline.shinewithhilton.ntu. The first half of the program offers rotations through different areas of hotel operations within a hotel. Customized for: ji (email@example.com. expert resume reviews. preferably with a degree in the hospitality industry.
Hines KEY COMPETITORS LOCATIONS Houston. Williams Tower 2800 Post Oak Blvd.com THE STATS Employer Type: Private Company Chairman: Gerald D. France London Madrid Milan Mexico Moscow Sao Paulo Warsaw CB Richard Ellis Jones Lang LaSalle Trammell Crow Company EMPLOYMENT CONTACT www. CA Barcelona Beijinga Berlin Buenos Aires Cedex. GA Chicago.Hines Interests L.hines. TX 77056-6118 Phone: (713) 621-8000 Fax: (713) 966-2053 www. Houston.edu.P. . TX (HQ) Aspen. Hines President: Jeffrey C.ntu. NY San Francisco.com/hines/career_1.hines.sg) 92 CAREER LIBRARY © 2005 Vault Inc. CO Atlanta.asp Customized for: ji (jixu0001@e. IL New York.
S. Brazil. including The Galleria in Houston. Russia. Hines expanded next into signing long-term leases to develop prime areas in strategic locations around Houston. Poland. retail. ENERGY STAR. warehouse. working with such notable architects as Frank Gehry and I.P. Argentina. Main services include development. Hines owned or operated 97 office. career message boards. parking and residential projects. Austin and Seattle. industrial parks. A one-man show Current chairman Gerald D. investment. Within a year. The firm has offices throughout the U. the Building Owners & Managers Association. corporate headquarters. By the end of its first decade of operations. the American Society of Landscape Architects. marketing and leasing. Customized for: ji (jixu0001@e. Spain. and purchased his first Class A office space. completed in 1975. medical facilities. THE SCOOP Real estate star Hines Interests L. won the “Building of the Year” award from The New York Times. Mexico. the Vault Job Board and more. Hines had hired his first employee.P.vault.ntu. the National Association of Industrial and Office Properties.sg) Visit Vault at www. expert resume reviews. and in 12 other countries including the United Kingdom. Houston’s Penzoil Place. CAREER LIBRARY 93 . Buildings backed by Hines continued to go up around the Houston area and eventually into national markets. Hines has also been the recipient of a number of awards over the years. and management companies. Currently. mixed-use centers. Minneapolis. The firm has developed more than 700 projects including skyscrapers. acquisition and disposition. and master-planned resort and residential communities.M. Italy. and the 50-story One Shell Plaza — the then-tallest reinforced concrete structure in the world upon completion in 1971. and asset property management.Vault Guide to the Top Real Estate Employers Hines Interests L. Germany. is one of the world’s largest privately held real estate development. Marian Dugdale (who still works for the firm today).com for insider company profiles. France. Hines has over 80 million square feet under management and over $14 billion in total assets. China and Canada. and the Urban Land Institute. including Cincinnati. Pei. Hines laid the foundation for what would become his billion-dollar baby in 1957 with a one-man real estate office in Houston. expert advice. most recently winning accolades from the American Institute of Architects.edu.
Gerald’s global goals Hines crossed international borders to the north and south in 1976 and 1977. allows applicants to search for jobs by location. Building a future Today. Warsaw. Milan. Prague. Barcelona.. a ski-in. including the 1995 joint purchase of Homart.hines. GETTING HIRED Customized for: ji (jixu0001@e. São Paulo and Milan. West.edu. A year later. Hines restructured. Montreal.Y. Moscow. N. As the 1990s wound down.sg) Hines hiring The Hines career web site. Paris. London. the firm opened its first overseas office. and the Moores School of Music at the University of Houston. ski-out resort at Aspen Highlands Village. Bear Stearns. Hines continues to grow.S. Hines looks new development and investment opportunities in over 100 global markets. a Food and Drug Administration facility in Queens. Munich and Mexico City. all the while picking up annual honors from ENERGY STAR for excellence in energy management.C.asp. the company has built up its number of U. Non-office projects included the construction of San Diego State University’s baseball stadium. Atlanta and Chicago soon after. East and Southeast regional offices popped up in San Francisco. Frankfurt.P. . office developments from coast to coast through acquisition and construction. Since the turn of the century. Paris. www. In 1990. category and keyword. Hines’ purchasing picked up with joint acquisitions for buildings and office parks in Maryland. The company has also revved up its international holdings.Vault Guide to the Top Real Estate Employers Hines Interests L. and Minnesota. Beijing. followed by offices in Mexico City. and Gannett/USA TODAY. 94 CAREER LIBRARY © 2005 Vault Inc. in Berlin.com/hines/career_1. New York City. respectively.. For the future. changing its name to Hines Interests Limited Partnership. with Gerald Hines as chairman. The company is known to recruit people with engineering backgrounds and MBAs. Barcelona. including corporate headquarters for General Motors. breaking ground on projects in Beijing.ntu. constructing office space in Montreal and Mexico City. Washington. which added 15 properties to the Hines’ portfolio. D.
the Vault Job Board and more. CAREER LIBRARY 95 .vault. career message boards. expert advice.sg) Visit Vault at www.com for insider company profiles. Murray 2004 Revenue ($mil.hptreit. MA (HQ) KEY COMPETITORS FelCor Host Marriott MeriStar Customized for: ji (jixu0001@e. MA 02458 Phone: (617) 964-8389 Fax: (617) 969-5730 www.): $645. expert resume reviews.Hospitality Properties Trust 400 Centre Steet Newton.edu.ntu.6 LOCATION Newton.com THE STATS Employer Type: Public Company Stock Symbol: HPT Stock Exchange: NYSE President: John G.
and financial and operating performance. HPT’s long-term goal is to reduce its number of owned assets. offering viewers more information about company business strategies. Unaffiliated hotel management companies run HPT’s properties through combination management or lease agreements.ntu. InterContinental and Carlson manage the majority of HPT’s properties. GETTING HIRED Jobs at HPT Customized for: ji (jixu0001@e. and owns — but does not operate — 297 hotels throughout the U. from $163.2 million to $218 million. .hptreit. Hyatt. unlike rival REITs. The company debuted a new corporate web site.S.sg) Human resources questions should be directed to hr@hptreit. owned properties. HPT had a lot to tout at the site’s unveiling — financial results for the second-quarter. reported the same month. www. HPT does not have an affiliation with any one company. saw a 33 percent jump in revenue. while growing its management and franchise business. 96 CAREER LIBRARY © 2005 Vault Inc. and the December 2004 purchase of 13 hotels from InterContinental for $450 million. Canada and Puerto Rico.Vault Guide to the Top Real Estate Employers Hospitality Properties Trust THE SCOOP Gaining ownership Hospitality Property Trust operates as a real estate investment trust (REIT). in August 2005. though industry heavyweights like Marriott.com.edu. New news is good news Recent deals include the July 2004 sale of 20 properties with a net book value of $928 million. The web site lists no further employment information.com..
Ste. Nassetta 2004 Employees: 192 2004 Revenue ($mil. MD (HQ) Offices worldwide.com for insider company profiles.com THE STATS Employer Type: Public Company Stock Symbol: HMT Stock Exchange: NYSE Chairman: Richard E. html Customized for: ji (firstname.lastname@example.org. the Vault Job Board and more.edu. expert resume reviews. CAREER LIBRARY 97 .hostmarriott. KEY COMPETITORS Hyatt Hilton Starwood Hotels & Resorts EMPLOYMENT CONTACT www.6 LOCATIONS Bethesda.): $3.sg) Visit Vault at www. Marriott President & CEO: Christopher J.hostmarriott.ntu.. career message boards. expert advice.Host Marriott Corporation 6903 Rockledge Dr. 1500 Bethesda.com/careers/careers. MD 20817 Phone: (240) 744-1000 Fax: (240) 744-5125 www.
with a netted revenue of $3. controller of its retirement community properties. The great divide Host Marriott is steeped in history.68 billion. and added its first Ritz-Carlton hotels to its portfolio.ntu.edu.C. owner of lodging real estate and operator of airport terminal concession businesses. Host Marriott pulled in $3. in May 1927. and completed its spin-off of Crestline Capital Corporation. Swissôtel and Hyatt. Willard Marriott’s opening of a nine-seat root beer stand in Washington. and Host Marriott Services Corporation to handle the concessions business. Analysts praised the company for the switch. For the fiscal year 2002. Following the split. owner of lodging real estate. the beginning of a larger shift toward more high-end properties. creating the largest operator of airport terminal food. however. Customized for: ji (jixu0001@e. Just over a decade later. winding its roots back to founder J. beverage. with over 100 luxury and upper-upscale North American properties to its name. operating mainly under the Marriott and Ritz-Carlton brands. In 2004.6 billion. Other brands include Four Seasons. Over the course of 1998. D. the company employed nearly 200 workers.sg) Slow growth Growth in the hotel industry. which took a particularly hard toll on travel and tourism. the company acquired interests in 12 world-class hotels from the Blackstone Group as part of a multibranding strategy. . Host Marriott became a REIT at the start of 1999. slightly lower 98 CAREER LIBRARY © 2005 Vault Inc. and merchandise facilities in the U.Vault Guide to the Top Real Estate Employers Host Marriott Corporation THE SCOOP Tops in hospitality Host Marriott is the nation’s largest real estate investment trust (REIT). creating Host Marriott.S. From there. effectively exiting the limited service lodging business. Marriott split its operations into two companies: Marriott International. The company acquired Host International in March 1982. Host Marriott then split itself at the start of 1996. saying it would increase capital for future expansion. came to a crushing halt following the postSeptember 11 economic recession. and Host Marriott. manager of lodging and contract service businesses. Host Marriott completed the sale leaseback of 18 Residence Inns and 16 Courtyard hotels. Marriott dabbled in food service management and catering before opening his first hotel in January 1957.
The strategy seems to be working: in April 2005. CAREER LIBRARY 99 . including the Scottsdale Marriott at McDowell Mountains on two championship golf courses.sg) Visit Vault at www.Vault Guide to the Top Real Estate Employers Host Marriott Corporation than 2001’s revenue of $3. and Hawaii’s Fairmont Kea Lani Maui and Hyatt Regency Maui Resort and Spa. up from a loss of $31 million the year prior. At the start of 2005. lists job opening.html.com/careers/careers. www.edu.com for insider company profiles. the potential for war in Iraq and threats of terrorism” as the potential roadblocks on the road to recovery. Customized for: ji (jixu0001@e. while it searched for new markets to enter. expert resume reviews. Host Marriott has dropped more than $734 million on high-end properties. By March 2004. career message boards. Applicants can apply directly through the site by submitting a resume online. with a net income of $6 million. The future looked bleak for a 2003 turnaround. GETTING HIRED A host of offers The Host Marriott career web site.hostmarriott. with plans to use the profits from the sales to buy upscale hotels more in line with its target portfolio. the company sold off six more hotels. CEO Christopher Nassetta blamed the combination of a “weak economy.ntu.vault. Host Marriott was named one of Fortune magazine’s most admired companies in 2002. the Vault Job Board and more. In the past two years. expert advice. Host Marriott reported profits for the first-quarter of the fiscal year. the company had reduced its holdings to 111 properties.76 billion.
khov. NJ (HQ) KEY COMPETITORS D. Hovnanian President & CEO: Ara K.com/Home/Careers/Home . .ntu.htm Customized for: ji (jixu0001@e.Hovnanian Enterprises.4 LOCATION Red Bank.sg) 100 CAREER LIBRARY © 2005 Vault Inc. 35 Red Bank.160. NJ 07701 Phone: (732) 747-7800 Fax: (732) 747-7159 www.): $4.837 2004 Revenue ($mil. Horton Lennar Pulte Homes EMPLOYMENT CONTACT www.com THE STATS Employer Type: Public Company Stock Symbol: HOV Stock Exchange: NYSE Chairman: Kevork S. Inc.khov.edu.R. Hovnanian 2004 Employees: 3. 10 Hwy.
D. California. Most recently. Members of the Hovnanian family control over 40 percent of the company.35 million (the average price is $280.vault. condominium and townhouse markets. as well as empty-nesters and active adults in more than 300 residential communities in 17 states nationwide. and in North Carolina. Hovnanian Homes. Parkwood Builders. Since then.Vault Guide to the Top Real Estate Employers Hovnanian Enterprises. Hovnanian will run T&C. Boca Raton and Fort Lauderdale. the Vault Job Board and more. Meanwhile. In the big league Kevork S. Hovnanian’s firm has grown under family leadership..586 homes. the Cambridge acquisition will expand Hovnanian’s presence in the greater Orlando area. Florida and Texas. Oster Homes and First Home Builders of Florida. Main markets include the northeastern U. Great Western Homes. move-up and luxury buyers. Paul. Homes are marketed and sold under the trade names K. expert resume reviews. the Carolinas.J. which has operations in Minnesota.edu.com for insider company profiles. Hovnanian began expansion in the Midwest and Florida. Fla. Chicago. all considered high-growth markets. Brighton Homes. THE SCOOP Our house is a very fine house Hovnanian Enterprises designs. builds and markets single-family detached homes. and will bolster Hovnanian operations in Minneapolis-St. Westminster Homes.ntu. condominiums and town homes for first-time.S. as an independent company under the Hovnanian umbrella.000 to $1. Windward Homes. the company’s K. the company is the largest builder in New Jersey and the second-largest builder in metropolitan Washington. D. Forecast Homes. and Altamonte Springs.C. Hovnanian founded the company that would bear his name in 1959 as a builder of single family homes in Toms River. expert advice.-based Cambridge Homes. Parkside Homes.000). Cambridge Homes. area. Matzel & Mumford. West Palm Beach. Town & Country Homes. with prices ranging from $46. Goodman Homes. Diamond Homes. career message boards. Hovnanian pulled off back-to-back deals: the purchases of Lombard. Recently. Hovnanian Mortgage unit supplies mortgage financing and title services.. in March 2005. as well as First Home Builders and Oster Homes. CAREER LIBRARY 101 . expanding into the active adult community. Hovnanian built 14. Ill.sg) Visit Vault at www. N. Inc. Inc. Illinois and Florida. the Washington.-based Town & Country Homes. In addition. Customized for: ji (jixu0001@e. In 2004. which was named to Fortune magazine’s list of 100 fastest growing companies from 2002 to 2005.C.
respectively. 457.com) offers job seekers the opportunity to enter a resume profile into the company’s applicant database. fiscal year 2005 projected growth in revenue and net income is expected to top 31 percent and 32 percent. Hovnanian posts a list of job openings on the site as well. “Our strong level of performance and inclusion on a list of this caliber reflects the hard work and determination exemplified by our associates and our management team. said in a statement following the list’s release.sg) 102 CAREER LIBRARY © 2005 Vault Inc. son of Kevork.ntu.” Meanwhile. . Customized for: ji (jixu0001@e. Hovnanian’s acquisition activity helped boost the company into uncharted waters: the exclusive Fortune 500 list. The company debuted on the list in April 2005. climbing 44 spots to No. GETTING HIRED Hovnanian hirings The Hovnanian web site (khov.edu. CEO Ara Hovnanian.Vault Guide to the Top Real Estate Employers Hovnanian Enterprises. Inc. applicants will be contacted if their qualifications match criteria for job openings as they arise.
sg) Visit Vault at www.com for insider company profiles.4 LOCATION Newton. career message boards.vault. the Vault Job Board and more. MA (HQ) KEY COMPETITORS CarrAmerica Liberty Property Trust Mack-Cali EMPLOYMENT CONTACT E-mail: email@example.com. expert resume reviews.com Customized for: ji (jixu0001@e. expert advice.): $646. Mannix 2004 Employees: 400 2004 Revenue ($mil.com THE STATS Employer Type: Public Company Stock Symbol: HRP Stock Exchange: NYSE President: John A.HRPT Properties Trust 400 Centre Street Newton. MA 02458-2076 Phone: (617) 332-3990 Fax: (617) 332-2261 www. CAREER LIBRARY 103 .edu.
from $49. Boston. HRPT has acquired nearly $800 million worth of property across the continental U.6 million a year earlier to $56. The company also established two subsidiary REITs: Hospitality Properties Trust. Customized for: ji (jixu0001@e. most recently its May 2005 purchase of Campbell Industrial Park in Kapolei for $115. HRPT top brass say they have faith in Hawaii’s economic growth.com.C. major markets include Philadelphia. reported May 2005. Hawaii. Among the most notable buy was a $250 million purchase of Dallas. Icahn’s bid by 15 percent. HRPT has invested nearly $600 million in Hawaiian real estate during 2004 and the first half of 2005. Oahu. an REIT owning hotels. business In November 2003. Aloha. Holdings are located across 30 states and in the U.5 million.S. D. capitol. revealed a year-over-year gain of 14 percent in funds from operations.7 million. .edu. Over the past two years on the whole. Southern California.ntu. Founded in 1986 as an owner of healthcare related properties.S. owning and operating roughly 280 office and 100 industrial properties with a total of 52 million square feet of space. and are looking to buy other fee-simple island properties in the future. HRPT picked up 26 million square feet in office buildings in Oahu. beating famed financier Carl C.Vault Guide to the Top Real Estate Employers HRPT Properties Trust THE SCOOP Real estate transformation HRPT Properties Trust focuses on office and industrial real estate. Both companies were spun off in 1995 and 1999. Texas-based Hallwood Realty Partners. A large number of HRPT’s leasers include medical-related tenants and the U.. HRPT holds minority share ownership positions in each. 104 CAREER LIBRARY © 2005 Vault Inc. and Senior Housing Properties Trust. a REIT owning senior living properties. signaling an interest in the Aloha State that continues today.sg) GETTING HIRED Jobs at HRPT Human resources questions should be directed to hr@hrpreit. HRPT transformed into an office REIT during the 1990s by selling its health care assets and buying office buildings. today. Hawaii for $480.5 million. First quarter results for the fiscal year 2005.S. Washington. respectively. Atlanta and Austin. government.
sg) KEY COMPETITORS CB Richard Ellis Cushman & Wakefield Grubb & Ellis EMPLOYMENT CONTACT www.ntu. CA San Francisco.Jones Lang LaSalle 200 E. expert advice. CO Detroit. MA Columbus.asp Visit Vault at www. IL 100 cities on five continents Customized for: ji (firstname.lastname@example.org for insider company profiles. CA Washington. PA San Diego.com THE STATS Employer Type: Public Company Stock Symbol: JLL Stock Exchange: NYSE Chairman: Sheila A. GA Boston. career message boards.): $1. CT Houston. OH Dallas. NJ Philadelphia.edu. Chicago. PA Pittsburgh. MI Hartford. Randolph Dr.joneslanglasalle. TX Denver.joneslanglasalle.4 LOCATIONS Chicago. IL (HQ) Atlanta. IL 60601 Phone: 312-782-5800 Fax: 312-782-4339 www. expert resume reviews. DC Westmont.com/careers. VA Miami.300 2004 Revenue ($mil. CAREER LIBRARY 105 . MN New York. the Vault Job Board and more. TX Los Angeles. FL Parsippany. Penrose President: Colin Dyer 2004 Employees: 19. CA McLean. NY Orlando. FL Minneapolis.
The firm began offering development management. Jones Lang LaSalle employs more than 19. LaSalle acquired the assets of real estate investment advisor Alex Brown Kleinwort Benson Realty Advisors Corporation (ABKB) in 1994. offering small-property investment expertise and a real estate securities investment capability. through its 1996 acquisition of CIN Property Management.300 employees in 100 markets on five continents and offers a range of related services. LaSalle’s strategy was to maintain long-term client relationships by providing a broad spectrum of real estate services. Global Client Services and Strategic Consulting. with consolidated management operations known as Galbreath LaSalle Development. Founded in Chicago in 1968 as LaSalle Partners Inc.S. Customized for: ji (jixu0001@e. property management. The April 1997 merger with The Galbreath Company made LaSalle Partners the largest manager of office properties in the U. The firm’s investment management business. and leasing and tenant representation services in the 1970s.edu. the largest real estate investment management firm in the U. manages $23 billion in assets. .. Jones Lang LaSalle Hotels was the industry’s first fully integrated global hotel real estate investment banking services group. ABKB/LaSalle was an industry leader. creating the securities investment subsidiary ABKB/LaSalle. setting a new standard for professionalism in the real estate business.K.Vault Guide to the Top Real Estate Employers Jones Lang LaSalle THE SCOOP The creation of a giant With over 400 properties and offices worldwide. its initial services were investment banking. is one of the world’s largest and most diverse. and its investment management group provides real estate investment advice and administration services.sg) 106 CAREER LIBRARY © 2005 Vault Inc. with $22 billion of assets under management as of late 2002. JSL also operates two management functions. The firm’s corporate and financial services group provides tenant representation and real estate investment banking services. which coordinate client activities.ntu.. LaSalle Investment Management. LaSalle established CIN LaSalle Investment Management. The company’s money management business. Chicago magazine listed JLS as one of the “Top 25 Best Places to Work” in the Windy City in its annual rankings for 2004. investment management and land. Inc. LaSalle Investment Management..
edu.. expert resume reviews. The company changed its name to Jones Lang LaSalle to reflect the merger and elected Stuart Scott as chairman and CEO of the new company. The acquisition further strengthened JLL’s presence in New York. Customized for: ji (jixu0001@e. the company immersed itself in M&A activity during the fall of 2004. Jones Lang LaSalle is now focusing on expanding its influence through joint ventures due to increased competition from big brokerage firms that offer many of the same services. A joint venture with PG&E Energy Services was announced in 1999 to create investment opportunities for commercial properties across the country. merged with the Britain-based Jones Lang Wootton in 1999 to create one of the largest real estate services in the world. though. Jones Lang Wootton’s strengths in the Asia/Pacific region and Europe combined with LaSalle’s North American market. and CB Richard Ellis to further strengthen its B2B offerings while rolling out B2C interactions as well. Next. Jones Lang LaSalle also has a partnership with competitors Crow Co. Real Estate Banking group in January 2003.sg) Visit Vault at www. and JLL responded by creating a U. However. Metropolitan life The sliding economy following the post-September 11 recession forced the company to lay off 700 employees worldwide in November 2001. Urban Media and Winstar Communications — in a venture designed to bring B2B opportunities to its customers. The next month. 275 people were let go by the end of 2001. an independent project management firm in the New York City metropolitan region.ntu. career message boards.S. in the Americas.Vault Guide to the Top Real Estate Employers Jones Lang LaSalle A change in name LaSalle Partners Inc. Diageo. Ernst & Young and The Interpublic Group. Among Q&A’s biggest development projects in 2004 was the Time Warner Center. the company views the fact that its leasing agents have paid salaries rather than commission-based incentives as a huge advantage over competitors. considered an “important market” by the company. acquiring Quartararo & Associates Inc. with the purpose of raising equity and debt for public and private real estate developers and owners. Business soon picked up. Lehman Brothers.com for insider company profiles. The company has also formed an alliance with three media companies — eLink Communications. Layoffs were motivated primarily by the need to reduce annual costs by at least $45 million. expert advice. With the merger. CAREER LIBRARY 107 .vault. that September. the Vault Job Board and more. JLL hopped the Hudson River to expand operations in New Jersey. major clients have included Madison Square Garden.
JLL’s directors said by hiring non-property execs. Penrose was formerly founder and president of The Penrose Group.sg) 108 CAREER LIBRARY © 2005 Vault Inc. accounting and the public sector. marketing. which sees a great future in the growing corporate real estate market.edu. only to relinquish the title two years later. GETTING HIRED Keeping up with the Joneses (and Langs. and LaSalles) Jones Lang LaSalle looks for energetic individuals with a team orientation and a commitment to excellence. Penrose. One Jones Lang LaSalle employee said applicants preparing to interview should “concentrate their preparation on why they want to work in real estate vs. . a driving forced behind the integration of LaSalle with Jones Lang Wootton. who took the reigns of chairman from Scott at the start of 2005. abruptly quit his post in January 2004. was previously CEO of Worldwide Retail Exchange. a three-year veteran of the company and former COO. an online retail exchange service. The company also offers applicants the opportunity to register on the site. other financial services and why they want to work for Jones Lang LaSalle. no prior real estate experience is necessary. Peacock.” Jones Lang LaSalle posts available positions on its web page located at www.asp.com/careers. causing Stuart Scott to come out of retirement as interim CEO until the February 2005 hiring of Chicago-based Colin Dyer.joneslanglasalle. Dyer. The listings are arranged by regional office locations. they hoped to inject “new blood” and new ways of thinking into the company. with little background in the property business. general management. a financial advisor.” Another insider suggests that “it is a good idea to speak with a few people in the company prior to interviewing if possible.Vault Guide to the Top Real Estate Employers Jones Lang LaSalle Incorporated New blood Chris Peacock. consulting. Ideal applicants are MBA candidates with backgrounds in finance. and also served as a board member at JLL. became CEO at the start of 2002. Also new at the top was Sheila A. and to upload a resume for future consideration. Customized for: ji (email@example.com.
R.. expert resume reviews.): $7.vault.kbhome.008.KB Home 10990 Wilshire Blvd.kbhome. 7th Fl. expert advice. Horton Lennar Pulte Homes EMPLOYMENT CONTACT careers. the Vault Job Board and more.sg) Visit Vault at www. Los Angeles. CA 90024 Phone: (310) 231-4000 Fax: (310) 231-4222 www. CA (HQ) KEY COMPETITORS D.com/wcckb. career message boards.com THE STATS Employer Type: Public Company Stock Symbol: KBH Stock Exchange: NYSE Chairman & CEO: Bruce E.ntu.nsf Customized for: ji (jixu0001@e. CAREER LIBRARY 109 .edu.000 2004 Revenue ($mil. Karatz 2004 Employees: 6.3 LOCATION Los Angeles.com for insider company profiles.
mainly for first-time and trade-up buyers. which the company hopes will be one of its top markets by 2006. and entered the metro-Washington. KB picked up Colony Homes in 2003 to enter the Charlotte.300 homes.200 square feet to 3. Kaufman & Broad S.900 square feet and come with an average sticker price of $206.5 million. from $370.ntu. the company’s majority-owned subsidiary. Florida.. The company also operates KB Home Mortgage Company. while home orders increased 27 percent. Community affairs CEO and chairman Bruce Karatz has been at the helm of the company for two decades. Customized for: ji (jixu0001@e. The homes. KB delivered nearly 2.A.C. during which time the company has grown six-fold. market in April of the same year. In addition.C. range in size from 1.000 homes to the area between 2003 and 2004.1 million to $181. Record low mortgage rates in 2003 allowed the company to increase profits in the first half of the year by 25 percent.8 billion to $7 billion. D. California and Nevada paid off. the company delivered 31.sg) 110 CAREER LIBRARY © 2005 Vault Inc. The company pushed into South Carolina at the start of 2005. Overall in 2004. gaining Colony’s previous plans for 1. with its revenue nearly tripling between 1997 and 2002.500. including a 196 percent jump in business in the Southeast. Illinois. while net income skyrocketed 78 percent from $102.9 million. KB Home even had a stint on the popular e-tailing auction web site eBay. is one of the largest homebuilders in France. the company had increased its revenue 36 percent from the year prior to $2.7 million the year prior. Nevada. a full-service mortgage company for the convenience of its buyers. income increased to $480. On the whole in 2004. By the second quarter ended May 2005. Georgia. California. through which a handful of houses were sold. The company raised its earnings expectations for 2005 14 percent on the news.edu. . Colorado. the Carolinas. N. reflecting its strong first-half performance as investments in booming housing markets in Florida.646 homes. New Mexico and Texas.13 billion. while revenue jumped from $5. Its next conquest was Atlanta. and launched two single-family communities in the city for a total of 662 homes.Vault Guide to the Top Real Estate Employers KB Home THE SCOOP Housing and suburban development KB Home (formerly Kaufman and Broad Home) is one of America’s largest homebuilders with domestic operating divisions in Arizona. Always an innovator. market.
Vault Guide to the Top Real Estate Employers KB Home
Karatz steps up to home plate
In June 2005, KB Home sold nearly all of the assets of its KB Home Mortgage division to Texas firm Countrywide Financial Corp. for an undisclosed amount as part of a plan to create a 50-50 joint venture for residential loans made by Countrywide for KB Home customers. The next month, KB Home Mortgage popped up again in headlines — but this time, in a less-than-positive light. The Department of Housing and Urban Development came down on the unit with charges that KBHM made it possible for ineligible borrowers to get mortgages guaranteed by the Federal Housing Administration. KB forked over $3.2 million to settle. KB Home squared away another settlement — this one for $2 million — in July 2005 with the Federal Trade Commission over charges of limiting home buyers’ ability to sue homebuilders over alleged construction defects. In an effort to bridge the divide between contractors and home buyers, CEO Karatz now requires all of its contractors to pass a certification course the company developed with the National Association of Home Builders, and requires local managers to settle customer complaints within 72 hours, dubbed the “Say Yes” program. The result? A decrease in warranty claims and an increase in customer referrals.
Market research has come to the forefront of KB business as the company tries to build the perfect house for its buyer. Through careful culling of potential development residents, KB Home has gained valuable insight into the types of houses customers are willing to buy — and at what cost. Typical questions run the gamut from whether a buyer would pay more to live on a larger lot but one that required a longer commute to work, to the types of built-in amenities buyers want in a new home, and even what they are looking for in a neighborhood. Meanwhile, KB Home has grand plans to expand into markets beyond its typical $200,000 price threshold in the future. It is a move that CEO Karatz claims will, if executed successfully, boost the company’s annual revenue to $10 billion by 2007.
Customized for: ji (firstname.lastname@example.org)
All openings can be viewed on the company’s web careers.kbhome.com/wcckb.nsf, and applications can be submitted online. site,
Kimco Realty Corporation
3333 New Hyde Park Rd. New Hyde Park, NY 11042-0020 Phone: (516) 869-9000 Fax: (516) 869-9001 www.kimcorealty.com
Employer Type: Public Company Stock Symbol: KIM Stock Exchange: NYSE Chairman & CEO: Milton Cooper 2004 Employees: 452 2004 Revenue ($mil.): $685.6
New Hyde Park, NY (HQ)
General Growth Properties New Plan Excel Realty Trust Weingarten Realty
Customized for: ji (email@example.com)
© 2005 Vault Inc.
Vault Guide to the Top Real Estate Employers Kimco Realty Corporation
The REIT stuff
Kimco Realty, a real estate investment trust (REIT), owns and operates some 829 neighborhood and community shopping centers in 42 states. Major markets include Florida, Illinois, Ohio and Texas, and popular property brand names include Home Depot, Lowe’s, Kohl’s and Wal-Mart. The company also holds interests in retail real estate leases and development projects, and maintains a 15 percent interest in southwest retail REIT Price Legacy through a joint venture with PL Retail.
Founded in 1960 by current Chairman and CEO Milton Cooper and Chairman Emeritus Martin Kimmel (Kimco derives its name from a combination of the surnames of the two men), the company’s first property was a lone shopping center in southern Florida — a far cry from today’s holdings, which total more than 116 million square feet of leasable space, making Kimco the nation’s largest publicly traded shopping centers owner. After going public in 1991, the company expanded its portfolio rapidly through property acquisition, and got a major boost in West Coast business from a 1998 merger with La Jolla, Calif.-based Price REIT. The following year, the company formed Kimco Income REIT, a joint venture with institutional investors that has since become one of the largest privately held REITs in the country. Kimco created a second joint venture, Kimco Retail Opportunity Portfolio, in December 2001 with GE Capital Real Estate for $250 million joint to acquire established neighborhood and community shopping centers in markets with high-growth potential, while the June 2003 purchase of Mid-Atlantic Realty Trust for $444 million expanded East Coast holdings.
Customized for: ji (firstname.lastname@example.org)
The buying game
As competition for strip malls increases, Kimco is taking its money elsewhere. So far in 2005, the company has invested in car dealer properties in Canada, net lease properties in Virginia, anchored properties in Mexico, and the development of a marine air base in California. At the National Association of REITs conference in June 2005, CEO Milton Cooper said his company wanted to “buy right” and would look to other non-shopping center-related properties as they came up, to boost
Visit Vault at www.vault.com for insider company profiles, expert advice, career message boards, expert resume reviews, the Vault Job Board and more.
and apply to jobs directly on the site.edu. gives job listings and full descriptions of available positions. .Vault Guide to the Top Real Estate Employers Kimco Realty Corporation returns.4 million the year prior. www. or via e-mail at email@example.com/careers/index.sg) 114 CAREER LIBRARY © 2005 Vault Inc.com. Applicants can also register on the site to be notified when new jobs are posted. Meanwhile. For more information. GETTING HIRED Kimco careers Kimco’s career web site. Customized for: ji (firstname.lastname@example.org. Kimco increased its net income for the first quarter of 2005 by 21.8 million from $71.6 percent to $86.ntu.asp. contact Kimco’s human resources department at (516) 869-7299.
Australia Phone: +61-2-9236-6111 Fax: +61-2-9252-2192 www.com for insider company profiles. expert advice. nsf/all/car_careers_ourculture Customized for: ji (email@example.com THE STATS Employer Type: Public Company Stock Symbol: LLC Stock Exchange: Australian Stock Exchange Chairman: David A.edu. 2000.vault.708.au/llweb/llc/main.060 2004 Revenue ($mil.ntu. Australia (HQ) Operations in 43 countries worldwide. Tower Bldg. the Vault Job Board and more.6 LOCATIONS Sydney.lendlease. Clarke 2004 Employees: 9.com. career message boards.lendlease.Lend Lease Corporation Limited Level 46. Crawford CEO: Greg A. CAREER LIBRARY 115 .): $6.com. expert resume reviews. KEY COMPETITORS Jones Lang LaSalle Skanska EMPLOYMENT CONTACT www. Australia Square Sydney.sg) Visit Vault at www.
S. the U. entered the European market for the first time in 1991. the Real Estate Partners Fund in Australia. Bovis Lend Lease. in 1985. Plum deals The company was formed and listed on the Australian Stock Exchange in 1958. Lend Lease launched a number of joint ventures. a financial services firm. acquired the Southern European retail services company Larry Smith Group.sg) 116 CAREER LIBRARY © 2005 Vault Inc. The Boston Financial Group. and the Global Markets Group. Regional businesses include Delfin Lend Lease in Asia Pacific.ntu. and Actus Lend Lease LLC in the U. a developer of military homes and communities in the U. the Lend Lease Global Properties Fund. Lend Lease had expanded to markets in New Zealand. through an initiative with the Department of Defense. and established new businesses. which focuses on specialized global sectors. and equity investment. clients come from both the public and private sectors in 43 countries. Despite the loss. By its second decade of operations. but its two operating divisions (real estate services and real estate investments) also have their hands in property development and improvement. including the online investing service Your Prosperity. won billion dollar contracts with the British government and Victorian government Customized for: ji (jixu0001@e. and launched its first global property fund the following year. Bovis and five businesses from AMRESCO. management and financing force to be reckoned with. Lend Lease’s construction plans cover everything from office towers to residential communities and even the athletes’ village for the 2000 Summer Olympic Games in Sydney.S. Its main businesses are construction and real estate financing.edu.S. which provides project management and construction services. real estate investment. The company acquired MLC Limited. the U. . has transformed itself over the years from an Australian financial services and real estate company to a global property development. and Singapore. Actus Lend Lease. To finish out the 1990s. The 21st century at Lend Lease started off on a somber note with the death of founder Dick Dusseldorp in 2000. business continued as usual: the firm established a European real estate securities division (Lend Lease Houlihan Rovers).K.Vault Guide to the Top Real Estate Employers Lend Lease Corporation Limited THE SCOOP Real estate wonder from Down Under Lend Lease Corp. Lend Lease Retail Partnership. including Plum Financial Services and SITEL Asia Pacific.
Work around the world Not one to lick its wounds. CAREER LIBRARY 117 .ntu. Spain.K.S. and elected Greg Clarke as CEO. Lend Lease forged ahead. Customized for: ji (jixu0001@e.S. Lend Lease won two contracts with the U. 50 percent interest in Madrid’s TresAguas retail center for $50 million. a new student village at the University of Sheffield in the U. the Vault Job Board and more. Such a steady influx of work from around the world has cemented Lend Lease’s position as a true global real estate leader. the company divested its Agri-Business for $45 million. over the course of the year. in the U. the Housing and Community Investing business for $102 million. and blocked the deal. the Lend Lease board geared itself up for a far larger business deal: a potential merger with General Property Trust to create a combined property powerhouse with enhanced earnings and growth outlook. Additionally. a retail development in Bydgoszcz.1 billion and $1 billion. was appointed construction manager at the World Trade Center Ground Zero site in New York City. expert resume reviews.Vault Guide to the Top Real Estate Employers Lend Lease Corporation Limited for work on an urban regeneration project in London and the redevelopment of the Melbourne Docklands. respectively. respectively. 23 percent interest in IBM Global Services Australia Ltd. its Lend Lease Rosen Real Estate Securities to ACM Acquisition LLC. Although the directors from both firms approved the union. career message boards.. Poland. effective December 2002.5 million. Army to develop and build military homes and communities in Hawaii and South Carolina for $5.com for insider company profiles. and an 800-bed hospital in Madrid.vault. GPT shareholders were unimpressed. expert advice. and the U. lose some Lend Lease spent a large majority of 2003 selling off businesses.edu.sg) Visit Vault at www.. Lend Lease Mortgage Capital business for $42. Meanwhile. Md.-based CapMark Services debt advisory group for $103 million. New construction projects in 2005 include a 230-unit condominium building in Rockville. and its Lease Global Real Estate Advisors and LLGREA’s advisory business to Ochtar Capital Partners.S.. Win some. for $160 million. 2004 saw the sale of the company’s Rosen Consulting Group to the management team.
The company separates offerings for undergraduates and graduates by location (United States.nsf/all/car_careers_ourculture.lendlease.Vault Guide to the Top Real Estate Employers Lend Lease Corporation Limited GETTING HIRED Lend a hand Job applicants can submit a resume to Lend Lease via the company’s career web site.ntu.com.sg) 118 CAREER LIBRARY © 2005 Vault Inc. . Australia). Customized for: ji (jixu0001@e. and offers internships and trainee programs.au/llweb/llc/main. www. United Kingdom.edu.
CAREER LIBRARY 119 .mccormickgroup. VA (HQ) Fredericksburg.sg) Visit Vault at www.com THE STATS Employer Type: Private Company CEO: William J. the Vault Job Board and more.edu. The 1525 Wilson Boulevard. expert advice.com for insider company profiles. career message boards. Suite 500 Arlington.vault. expert resume reviews. MA Heidrick & Struggles Korn Ferry Major. VA Wellesley Hills.mccormickgroup.com Customized for: ji (jixu0001@e. Lindsey & Africa Spencer Stuart EMPLOYMENT CONTACT www. McCormick KEY COMPETITORS LOCATIONS Arlington.McCormick Group. VA 22209 Phone: (703) 841-1700 Fax: (703) 524-2689 www.ntu.
Vault Guide to the Top Real Estate Employers McCormick Group. finance and operations. The McCormick Group offers its clients a full range of human capital services: executive search for senior executive and other significant positions. Under these. sales and marketing. and real estate and construction. The firm conducts searches for commercial and residential property developers. and outplacement consulting. and technology. GETTING HIRED Staffing at the staffing firm Customized for: ji (jixu0001@e. compensation studies and surveys. The firm also has a complete benefit program.C. The firm designed these services to provide maximum flexibility in developing relationship. .. and a background in recruiting and human resources is not necessary. health care. and Boston metro areas. including associations and nonprofits.edu. the McCormick Group handles assignments in a number of other industries and disciplines. is a full-service. human resources strategic planning and consulting.ntu.sg) The firm says it is always interested in “hearing from highly-motivated people who want to enter the exciting world of executive search. William McCormick started the company in 1974 when he couldn’t find a recruiting firm specializing in identifying and placing the best candidates. performance-based search firm assisting a variety of employers with their human resource requirements for over 30 years. law firm strategic planning. law and government affairs. pricing and service models for its clients. as well as construction companies. The firm has no preconceived notion of the type of experience that is needed. D. Among these specialties are biotechnology and life sciences. The firm provides services in five major practice groups.S. With offices in the Washington. The THE SCOOP Across the board The McCormick Group. it is ranked among the top 25 executive search firms in the U. human resources.” The McCormick Group says it compensates its consultants under a salary and bonus program that allows for growth based on success and continual progress. Va. based in Arlington. the company says it 120 CAREER LIBRARY © 2005 Vault Inc. In addition to vacation. government services. management succession consulting and restructuring. communications. professional services.
applicants can also contact Brian McCormick. the Vault Job Board and more.com. expert advice. CAREER LIBRARY 121 . manager for the real estate and construction practice group.Vault Guide to the Top Real Estate Employers McCormick Group.com. career message boards. Real estate employment inquiries at TMG should be e-mailed to Chris Pelkey. Customized for: ji (firstname.lastname@example.org) Visit Vault at www. Or. or Gene Gordon. at email@example.com. expert resume reviews.ntu.edu. vice president of Boston operations at firstname.lastname@example.org. executive vice president in the Arlington office at email@example.com for insider company profiles. The offers all tenured consultants six additional days of leave each year for community and philanthropic activities.
. VA 22203 Phone: (703) 812-7200 Fax: (703) 812-7255 www.meristar.asp Customized for: ji (jixu0001@e. VA (HQ) KEY COMPETITORS FelCor Hilton Host Marriott EMPLOYMENT CONTACT www.meristar..edu.sg) 122 CAREER LIBRARY © 2005 Vault Inc.): $779. Whetsell 2004 Employees: 53 2004 Revenue ($mil. 500 Arlington.com THE STATS Employer Type: Public Company Stock Symbol: MHX Stock Exchange: NYSE Chairman & CEO: Paul W. Ste.2 LOCATION Arlington.ntu. Fairfax Dr.com/employ.MeriStar Hospitality Corporation 4501 N.
expert resume reviews.vault. Westin.edu.ntu. only to fall apart that September after the terrorist attacks sent financial markets into a downward spiral. Sheraton and Marriott. At the end of its first full year of operations. a $2. maintaining ownership of 71 full-service upscale hotel and resort properties in 25 states with more than 20.. selling off five hotels in the remainder of 2002. Visit Vault at www. Doubletree. By March 2004.9 million.3 million. MeriStar quickly built up its portfolio.7 billion blockbuster merger between MeriStar Hospitality and rival FelCor was announced. Embassy Suites.). expert advice. for $53 million. Customized for: ji (jixu0001@e. CAREER LIBRARY 123 . Then. MeriStar Hospitality operates as the nation’s thirdlargest real estate investment trust (REIT). the company had let go of 23 hotels for total gross proceeds of $185.” Business reservations MeriStar’s hotels and resorts division scrapped a plan to merge with American Skiing Company in March 2001 after shareholders and board members of both companies expressed concerns over obtaining the financing necessary to operate the combined company.sg) The hotels and resorts division got a second wind through the May 2002 purchase of Interstate Hotels Corp. and a revenue of $374. gaining 203 properties under lease or management in under a year. And they’re off . Nearly all of the hotels are leased and operated by Interstate Hotels & Resorts (formerly MeriStar Hotels & Resorts). Ritz-Carlton. in May 2001. MeriStar then launched into a strategic plan to divest noncore assets to drive down debt and boost its bottom line. N. Beginning with its first acquisition (the August 1998 purchase of 290-room Forrestal at Princeton Hotel & Conference Center in Princeton. exceeding analysts’ expectations. the Vault Job Board and more.Vault Guide to the Top Real Estate Employers MeriStar Hospitality Corporation THE SCOOP Hot hotels Formed in August 1998 through the merger of CapStar Hotel Company and American General Hospitality.com for insider company profiles. with popular brand names like Hilton. Radisson. The combined company began with a portfolio of 412 hotels.J.000 rooms.8 million. career message boards. the company posted funds from operations of $222. while CEO Paul Whetsell praised his firm for “phenomenal growth” and “solid results..
and posted a 9.meristar. for $92. www.3 million in 2004. The success of MeriStar’s wheeling and dealing. a Marriott in Irvine. the company finally turned a profit of $.edu.9 million.5 million.9 percent increase in revenue per available room — a hopeful sign of bigger gains to come in the future. Calif.com/employ.9 million in 2003 to $96.6 million the year prior. Va.asp. in addition to a rise in business travel and recovery in the tourism sector.sg) 124 CAREER LIBRARY © 2005 Vault Inc. For the second quarter reported August 2005. Customized for: ji (jixu0001@e. for $93 million. despite substantial property damage sustained during a devastating fall hurricane season. and interest in New York’s landmark 705-room Radisson Lexington Hotel by year’s end.com for consideration for future availabilities.Vault Guide to the Top Real Estate Employers MeriStar Hospitality Corporation Against the odds MeriStar next shifted gears to the acquisition side.ntu. resumes can be sent to meristarresumes@meristar. . GETTING HIRED Star employees MeriStar posts current job openings on the section of its career web site. picking up a Ritz-Carlton hotel in Arlington. contributed to MeriStar’s dramatic narrowing of its loss margins for the fiscal year from $388. In addition. compared with a net loss of $11.
Inc. career message boards.com for insider company profiles. CA (HQ) Offices in California.net Customized for: ji (jixu0001@e. CA 95834 Phone: (916) 922-2234 www. 1164 West National Drive Suite 60 Sacramento.edu.MetroList Services.com THE STATS Employer Type: Private Company CEO: Tom Beede 2004 Brokers: 23. expert resume reviews.ntu.sg) Visit Vault at www.082 LOCATIONS Sacramento. expert advice. CAREER LIBRARY 125 .metrolistmls.vault. EMPLOYMENT CONTACT E-mail: help@metrolist. the Vault Job Board and more.
Applicants should send queries to: MetroList Services. 1164 West National Drive Suite 60 Sacramento. CA 95834 Customized for: ji (firstname.lastname@example.org real estate brokers and agents participate in the MetroList MLS.ntu. It also boasts over 1. the site contains over 24.Vault Guide to the Top Real Estate Employers Metrolist Services THE SCOOP A bit of history The Sacramento Association of Realtors (CSAR) incorporated MetroList Services in April 1985 as a seperate company to run the data system supporting its regional MLS database. Inc. Currently.edu.491 multifamily property listings. Large crowd MetroList is a real estate listing covering the greater Sacramento/Northern California region.sg) 126 CAREER LIBRARY © 2005 Vault Inc. GETTING HIRED There is no employment information on the conpany’s web site.810 land lot listings.419 homes and 2. MetroList was reorganized to include the Greater central Valley and help consumes listing their homes to reach the largest number of customers. . In 1995. Approximately 23.
the Vault Job Board and more.sg) Visit Vault at www.): $832.com/static/node96. 400 Arlington. VA (HQ) Offices in the U.ntu.150 2004 Revenue ($mil.com for insider company profiles. expert resume reviews.millscorp. Siegel 2004 Employees: 1.The Mills Corporation 1300 Wilson Blvd. CAREER LIBRARY 127 . VA 22209 Phone: (703) 526-5000 Fax: (703) 526-5111 www. Ste.vault..jsp Customized for: ji (email@example.com.S. career message boards.8 LOCATIONS Arlington.com THE STATS Employer Type: Public Company Stock Symbol: MLS Stock Exchange: NYSE Chairman & CEO: Laurence C.millscorp. and abroad KEY COMPETITORS Developers Diversified General Growth Properties Simon Property Group EMPLOYMENT CONTACT www. expert advice.
Mills purchased six mall properties for $621 million. The company donned the name Mills Corp. complete with giant aquariums. Shoppertainment became the basis for some of Mills’ most ambitious projects in the 1990s. outdoor shopping centers and single-tenant properties. specialty retailers. Under Siegel’s guidance. new developments followed in South Florida. a German investment syndicate. .sg) Spending abroad In 2002. waterfalls. brand name anchors include multiplex movie theaters. off-price retailers and factory outlet anchors. and narrowed its focus to three distinct properties: Mills Landmarks. the company established a new mall precedent called “shoppertainment. the last of which was realized through the 2003 opening of Madrid Xanadu in Spain. Through the Xanadu 128 CAREER LIBRARY © 2005 Vault Inc. Mills welcomed aboard current CEO Laurence Siegel. bowling. mainly located in metropolitan areas. go-cars. restaurants.” This merging of the shopping and entertainment worlds came to life by combining “racetrack” layouts and interactive entertainment venues with specialty stores.ntu. Philadelphia and Chicago over the next two years. Customized for: ji (jixu0001@e. in 1994 and completed an IPO to increase capital for development. and Baltimore’s Arundel Mills.. including the Bass Outdoor World. It was the first enclosed shopping center to feature a Medieval Times. manufacturers’ outlets and themed restaurants. holds a 30 percent stake in the company. rifle ranges and putting greens. trout ponds.Vault Guide to the Top Real Estate Employers The Mills Corporation THE SCOOP Mall madness The Mills Corporation is a real estate investment trust (REIT) specializing in shopping “extravaganzas. Kan Am. Western Development. home to Crayola Works Creativity and Studio Store as well as Medieval Times Dinner and Tournament. A year later. featuring nightclubs. Mills opened two new retail properties — Nashville’s Opry Mills. a 15-screen theater and Spain’s first indoor ski resort. Not just milling around Mills’ predecessor. traditional shopping malls. which featured the first Gibson Bluegrass Showcase.” The company’s portfolio includes roughly 60 megamalls. To kick off the 21st century. Va. 21st Century Retail and Entertainment. and International Retail and Entertainment.edu. entered the mall business in September 1985 with the opening of its first super-regional shopping center in Prince William.
2 million through a joint venture with Montreal-based Ivanhoe Cambridge. Mills became the first U.millscorp. and two redevelopment projects in California. Projects turn personal The company’s latest ventures include a revamping of New Jersey’s Meadowlands Sports Complex. by the second quarter of 2006.ntu. GETTING HIRED Shopping for a career The Mills’ career web site. career message boards.jsp. www. In the first nine months of 2003. the company doubled the number of malls it owned to 25 centers covering 32 million square feet. expert advice.edu. including 4.sg) Visit Vault at www. Mills picked up a 50 percent stake in nine regional properties from General Motors Asset Management for $1 billion. Each job listing offers specific details.76 million square feet of family and recreation space and the country’s first indoor ski resort. qualification requirements and contact information. divides available positions into corporate jobs and mall jobs for prospective employees to peruse. expert resume reviews. purchased a shopping center in Glasgow.Vault Guide to the Top Real Estate Employers The Mills Corporation property.vault. the Vault Job Board and more. San Francisco’s Piers 27-31 and Torrance’s Del Amo Fashion Center. Scotland for $524. Corporate headquarters are also getting a makeover: Mills is set to move from Arlington to new digs in Chevy Chase. Over the course of 2004.com/static/node96.S.com for insider company profiles. and opened the first new enclosed shopping center in Canada in 14 years with Toronto’s Vaughan Mills complex. CAREER LIBRARY 129 . REIT to develop and operate a consumer center in Europe. Md. Customized for: ji (jixu0001@e.
ntu.Customized for: ji (firstname.lastname@example.org) .
Rogers 2005 Employees: 252 2005 Revenue ($mil. 188 E. the Vault Job Board and more.com THE STATS Employer Type: Public Company Stock Symbol: PKY Stock Exchange: NYSE Chairman: Leland R.pky.ntu. MS (HQ) KEY COMPETITORS Colonial Properties Crescent Real Estate CRT Properties EMPLOYMENT CONTACT www. CAREER LIBRARY 131 . MS 39201-2195 Phone: (601) 948-4091 Fax: (601) 949-4077 www.4 LOCATION Jackson.): $170. 1000 Jackson. Inc.aspx?list=True Customized for: ji (jixu0001@e. expert resume reviews.sg) Visit Vault at www. Ste. career message boards.edu.pky.Parkway Properties. Speed CEO: Steven G. Capitol St.com for insider company profiles.vault. 1 Jackson Place. expert advice.com/hr/jobs.
Inc. Subsidiary Parkway Realty Services provides property management services to thirdparty clients as well as to its parent. the same year. Parkway owns or has an interest in 63 office properties located in 11 states with an aggregate of approximately 11. while. Property on the rise New property purchases in 2005 include a 305. Major tenants include the Government Services Administration.edu.4 percent to 90. and increased occupancy from 88. acquisition.Vault Guide to the Top Real Estate Employers Parkway Properties. Parkway Realty Services. Customized for: ji (jixu0001@e. . 132 CAREER LIBRARY © 2005 Vault Inc. Tenn. and a 162.com. ownership. Bank of America and the State of South Carolina. Parkway also invests in the stocks of other REITs.pky. Meanwhile.000 square foot office project in Memphis.000 square feet of leasable space as of September 2005. the National Association of Real Estate Investment Trusts awarded Parkway its Silver Award in the Management Discussion & Analysis category among Small Cap companies.1 percent.ntu.sg) GETTING HIRED Park yourself here Parkway accepts resume submissions sent to resumes@pky. Inc. Fla.com.49 million.000 square foot office project in Jacksonville. is a self-administered real estate investment trust specializing in the operation. The company also offers fee based real estate services through its wholly-owned subsidiary. The company is geographically focused on the Southeastern and Southwestern United States and Chicago.888. THE SCOOP Upright citizens brigade Parkway Properties. The company doesn’t list job openings on its web site.12 million to $4. the first quarter of 2005 revealed an increase in net income from $4. The company was named as one of the best small companies to work for at the Society for Human Resource Management’s Annual Conference in June 2004. management and leasing of office properties. www.
CAREER LIBRARY 133 . 4300 Seattle. expert resume reviews.ntu..com THE STATS Employer Type: Public Company Stock Symbol: PCL Stock Exchange: NYSE Chairman: Ian B.plumcreek.Plum Creek Timber Company. WA (HQ) KEY COMPETITORS International Paper Louisiana-Pacific Weyerhaeuser Customized for: ji (jixu0001@e.): $1. career message boards.0 LOCATION Seattle. 999 Third Ave. Inc.com for insider company profiles. the Vault Job Board and more. (Rick) Holley 2005 Employees: 1. expert advice.edu. Davidson CEO: Richard R.990 2005 Revenue ($mil.528.sg) Visit Vault at www.vault. Ste. WA 98104-4096 Phone: (206) 467-3600 Fax: (206) 467-3795 www.
then backed off again on the grounds that Plum Creek was offering too little. as earnings slipped in consecutive quarters.sg) Timberland turnaround Weak timber markets. GeorgiaPacific reconvened. Customized for: ji (jixu0001@e. Plum Creek operates under sustainable forestry practices.ntu. Plum Creek had amassed 3. After CEO Rick Holley offered the company a longterm timber supply contract and a seat on Plum Creek’s board of directors. A 2001 merger with Georgia-Pacific Co. produces lumber. revenue from the company’s real estate business and sale of natural 134 CAREER LIBRARY © 2005 Vault Inc. Holley stepped up to the bargaining table and increased his offer to 1.Vault Guide to the Top Real Estate Employers Plum Creek Timber Company. with a portfolio of 7. boosting growth and helping the company earn a listing on the exclusive S&P 500 Index — an impressive feat considering that. and nearly one-quarter of the company’s total acreage is involved in four Habitat Conservation Plans nationwide. . coupled with Montana’s worst fire season in decades. established in 1989. Billion dollar boost By the end of its first decade of operation. Arkansas and Maine.8 million acres of timberlands in 19 states. — enough to satisfy Georgia-Pacific shareholders. the company converted to a REIT and became the first company to have all of its lands certified by the Sustainable Forestry Initiative program.37 shares of Plum Creek stock for each share of The Timber Co. and country’s first and largest publicly held timber real estate investment trust (REIT). Plum Creek stock had plummeted to a three-year low. plants 85 million seedlings for the natural regeneration of trees on an annual basis. In fact. wood dust and fiberboard through subsidiaries. Inc. Through an aggressive acquisitions strategy. plywood. and maintains land management and real estate sales operations.3 million acres of land and timberland across the Northwest. However. the company has more than doubled its holdings since 2001. Georgia-Pacific twice rejected Plum Creek’s advances after board members expressed reservations at selling off valuable timberland. is one of the nation’s largest private timberland owners. at one point during 2000. Central to the firm’s focus is its commitment to the environment.’s timber unit worth $3 billion expanded Plum Creek’s holdings to 7. The company sells logs to sawmills. Louisiana. created hard times at Plum Creek in 2003.edu. and pulp and paper mills.8 million acres. THE SCOOP Plum dandy Plum Creek Timber Company. In 1999.
The turnaround was cemented in 2004.000 Florida acres for $90 million. the company promotes for open positions from within. up from $192 million the year prior. expert resume reviews. Ian B. stepped into the position of chairman of the board in May 2005.53 billion revenue. respectively. a director of Plum Creek since 1989. the company is continuing its acquisition of timberlands.ntu. resources kicked in $124 million and $10 million. Plum Creek does not post jobs or accept resumes via its web site. Inc. So far. up from $1.2 billion in 2003. and net income of $362 million. both are seen as areas of growth for the future. as the company reported a $1. CAREER LIBRARY 135 . In situations where external searches are required. the Vault Job Board and more. Davidson. Instead. 2005 has been good to Plum Creek: the company is posting record sales and earnings and a rise in revenue from real estate and timber sales. WA 98104-4096 Customized for: ji (jixu0001@e. expert advice. most recently with the March 2005 purchase of 56.. Applicants should snail mail a query to: Plum Creek Timber Company 999 Third Avenue Suite 4300 Seattle.Vault Guide to the Top Real Estate Employers Plum Creek Timber Company. Meanwhile.vault.sg) Visit Vault at www. and operating profits for the first six months represent an 18 percent increase from the same period of 2004. Plum Creek fills openings through its local office in Seattle.edu.. GETTING HIRED Up a creek without a paddle . career message boards.com for insider company profiles.
Dane Brooksher CEO: Jeffrey H. Schwartz 2004 Employees: 830 2004 Revenue ($mil.prologis.prologis. .ProLogis 14100 E.ntu.com/US/EN/Careers/ WorkingAtProLogis Customized for: ji (email@example.com. CO (HQ) KEY COMPETITORS AMB Property First Industrial Realty PS Business Parks EMPLOYMENT CONTACT www. CO 80011 Phone: (303) 375-9292 Fax: (303) 375-8581 www.com THE STATS Employer Type: Public Company Stock Symbol: PLD Stock Exchange: NYSE Chairman: K.): $844.sg) 136 CAREER LIBRARY © 2005 Vault Inc.3 LOCATION Aurora. 35th Place Aurora.
expert advice. New Jersey and Pennsylvania) and expanded ProLogis’ portfolio to an excess of $14 billion. Florida. The deal added 137 new properties in key U.7 billion through a joint venture with Eaton Vance Management. The company looks to expand in a major way in 2005 with the close of its $4. Europe. operation and ownership of a global network of industrial distribution facilities.S. marketing.ntu.vault. Logical growth Begun in 1991 as Security Capital Industrial Trust. CAREER LIBRARY 137 .9 billion acquisition of rival developer Catellus.com for insider company profiles. Dane Brooksher at the start of 2005. The company changed its name to ProLogis Trust in July 1998 (later shortened to ProLogis).S. markets (Indiana. ProLogis’ more than 2. development. career message boards.Vault Guide to the Top Real Estate Employers ProLogis THE SCOOP Industrial leader ProLogis (formerly ProLogis Trust) is the largest real estate investment trust operating in the acquisition. Asian business got a boost in May 2005 with the purchase of Visit Vault at www. major tenants include Sears. Out of this business practice came the ProLogis Operating System. Business is organized into two primary operating segments: property operations and the corporate distribution facilities services business (CDFS business). the Vault Job Board and more. which today has grown to include 830 real estate professionals covering customer service needs on a global scale. management and leasing of industrial distribution facilities. and the U.edu. The CDFS business segment represents the development of industrial distribution facilities that are either sold to unaffiliated customers or contributed to real estate funds in which ProLogis maintains an ownership interest and acts as manager.sg) Catalyst for development Jeffrey Schwartz took over CEO duties from K. the company first made waves in the industry by focusing exclusively on meeting local and regional real estate and distribution needs of its customers.. expert resume reviews. Caterpillar and DHL. Meanwhile. Customized for: ji (jixu0001@e. ProLogis purchased Keystone Property Trust in August 2004 for $1. The property operations segment includes the long-term ownership. Schwartz was formerly ProLogis’ president of international operations and president and chief operating officer of Asia operations. Mexico. Brooksher held onto his role of chairman.040 properties span 75 markets throughout Asia.
though. The company looks to Catellus’ presence in high-growth markets to accelerate expansion plans for the company’s global development and fund business.edu. which ProLogis will use to develop four distribution facilities. qualifications and contact information. for $4. and add 3.prologis.Vault Guide to the Top Real Estate Employers ProLogis 26.2 million square feet of industrial operating space to ProLogis’ holdings. .9 billion in cash and stock. and updates the list on a regular basis. Customized for: ji (jixu0001@e. came in the form of a June 2005 purchase of rival Catellus Development Corp. ProLogis has been known to hire MBAs with no real estate experience.com/US/EN/Careers/Opportunities. GETTING HIRED Learn from the Pro ProLogis lists employment opportunities on the career section of its web site. Each job listing offers individualized descriptions.ntu. www.7 acres near Beijing Capital International Airport. ProLogis’ ultimate deal. The merger will create the world’s largest network of warehouses and distribution services.sg) 138 CAREER LIBRARY © 2005 Vault Inc.
edu. Wayne Hughes CEO: Ronald L. CA (HQ) 1.): $950.jsp Customized for: ji (jixu0001@e. expert resume reviews. CA 91201-2349 Phone: (818) 244-8080 Fax: (818) 553-2376 www.com for insider company profiles.6 LOCATION Glendale. Havner Jr.sg) Visit Vault at www. career message boards.com THE STATS Employer Type: Public Company Stock Symbol: PSA Stock Exchange: NYSE Chairman: B.149 2004 Revenue ($mil.Public Storage. 701 Western Avenue Glendale. KEY COMPETITORS AMERCO Shurgard Storage Storage USA EMPLOYMENT CONTACT www.480 facilities in 37 states. expert advice. the Vault Job Board and more.publicstorage.com/servlet/Main Servlet?page=/career/index.ntu.vault. 2004 Employees: 4. CAREER LIBRARY 139 .publicstorage. Inc.
nomads and the like might need some extra room to store their personal belongings. Shurgard rejected Public Storage’s advances.-based Storage Trust Realty.480 storage facilities in more than 35 states. Two years later. the company acquired a smaller rival.S. and also owns 44 percent of PS Business Parks. is one of the nation’s largest self-storage companies. but to no avail. the company attempted a takeover of Seattle-based Shurgard Storage Centers.000 self-storage spaces with over 90 million net rentable square feet in 80 U. He has since grown his company to profit by forming real estate investment trusts (REITs) and by getting local investors to supply money to build storage facilities.sg) No sure thing In November 1998.. then receiving a cut of rental fees for the use of the Public Storage name. Public Storage has spent the past three decades consistently building its portfolio and range of services. Inc.. an Oklahoma native working in real estate in Los Angeles during the early 1970s. and decided to create his own. and packing and related moving items. for $408 million in stock and the assumption of $192 million of debt.” Within two years. Inc.. which rents commercial and industrial storage space. joined with businessman Kenneth Volk Jr. These locations alone generate 97 percent of the company’s sales. where he happened upon a self-storage warehouse with a waiting list.ntu.edu. In addition. Humble beginnings Since its establishment in 1972. The company also manages over 850. workers relocating to new jobs. the duo had developed 20 more self-storage facilities. more than 90 percent of the units are rented. and built a storage yard in El Cajon advertised simply as “Public Storage Space. was inspired on a drive through Texas. Founder Bradley Wayne Hughes created the company with one rental space warehouse on the assumption that American families. offering a premium of Shurgard’s net asset value. THE SCOOP You know where you can shove it . Mo. rental trucks. college students. Customized for: ji (jixu0001@e. cities. Public Storage provides insurance. with interests in over 1. Public Storage. He returned to California. 140 CAREER LIBRARY © 2005 Vault Inc.Vault Guide to the Top Real Estate Employers Public Storage. Columbia. . Hughes.
Public Storage came knocking on Shurgard’s door again. GETTING HIRED Public positions The Public Storage career section. announced at the same time they would issue initial public offerings to boost cash flow — no doubt for the purposes of eating away at Public Storage’s market share. Extra Space Storage’s $2. all corporate applicants must apply online.com. a 14 percent premium over Shurgard’s stock price.3 billion acquisition of General Electric’s self-storage division during the spring of 2005 may provide stiffer competition in the future. the threat from the competition was slowly increasing — rivals U-Store-It Trust and Extra Space Storage Inc.” Public Storage doesn’t have reason to worry about its market position — yet. expert resume reviews. with an August 2005 hostile buyout bid worth $2.5 billion. www. Public Storage became a member of the S&P 200 Index. Recently. helping boost its stock to a new 52-week high in September 2005.com for insider company profiles. Customized for: ji (jixu0001@e. The web site also offers applicants the opportunity to create a profile and upload a resume.edu. CAREER LIBRARY 141 . The company’s overall earnings in the quarter reported August 2005 surpassed analyst estimates and its annual revenue stood at nearly $1 billion. expert advice.Vault Guide to the Top Real Estate Employers Public Storage. However.vault. declaring the proposal “an opportunistic attempt to deprive our shareholders from fully realizing that long-term value. To further grow business. Shurgard’s board unanimously rejected the offer.publicstoragejobs. Public Storage used an influx of cash raised via preferred stock sales and retained operating cash flow to invest in new properties in key markets throughout 2004 and 2005. career message boards. the Vault Job Board and more. call center opportunities and corporate opportunities arranged by location. splits its career offerings into property management opportunities.sg) Visit Vault at www. However.ntu. Inc.
FL 32202 Phone: (904) 357-9100 Fax: (904) 357-9101 www. Oregon and Washington. KEY COMPETITORS Carter Holt Harvey Georgia-Pacific Corporation International Paper INTERNATIONAL LOCATIONS Auckland Concepción. . New Zealand North Island.com/careers_main.sg) 142 CAREER LIBRARY © 2005 Vault Inc.): $1.asp Customized for: ji (jixu0001@e. New Zealand South Island.207. Tasmania London Mataura.ntu.0 LOCATIONS Jacksonville. FL (HQ) 33 regional offices across Alabama. 50 North Laura Street Jacksonville. Georgia.rayonier.rayonier. New Zealand Shanghai Tokyo EMPLOYMENT CONTACT www.100 2004 Revenue ($mil. Lee Nutter 2004 Employees: 2.com THE STATS Employer Type: Public Company Stock Symbol: RYN Stock Exchange: NYSE Chairman & CEO: W.Rayonier Inc. Florida.edu. Chile Launceston.
Four years later. The timber and land management unit buys and manages timberlands sells timber and sells timberland for conservation. the predecessor to today’s Rayonier. career message boards. and large tract preservation. The discovery also led to a corporate name change: Rayonier. Conn. Wash. Ga. and added international offices in Europe and Asia in 1954. lumber and medium-density fiberboard.vault. Fibers are sold for use in textile fibers. worth $725 million.edu. CAREER LIBRARY 143 . abroad. derived from a combination of “rayon” and “Rainier. the company shifted corporate offices from Stamford. Mix-and-match The Rainier Pulp and Paper Company. the leading producer of rayon. air filters. The company returned to its Western roots during the 1940s. using the area’s hemlock trees for the production of bleached paper pulp.S. which contained a majority of Rayonier assets and employees. timberlands and the establishment of its first Southeastern pulp mill in Florida. tire yarn and disposable diapers (accounting for 45 percent of sales). buying up timberland in the Pacific Northwest. The 1999 purchase of 968.com for insider company profiles. the Vault Job Board and more. among other things. moved Rayonier’s focus back East during the 1990s while. expert advice. which led to the world’s first pulp made from hemlock designed especially for the rayon industry.000 acres of timberland in Florida. expert resume reviews. Georgia and Alabama. and employs roughly 2. in 1927. to Visit Vault at www. Expansion of a state-of-the-art research facility in Jessup.100 workers worldwide. managing and producing more than 2 million acres of timberland and 25 different grades of performance cellulose fibers.Vault Guide to the Top Real Estate Employers Rayonier Inc. THE SCOOP Limber timber Rayonier works double-time in the timber industry.S. The company racked up revenue of $1.” Rayonier began trading publicly on the NYSE in 1937 and quickly extended its portfolio through the purchase of Southeast U.2 billion in 2004. the company acquired extensive timberlands in New Zealand. real estate development. respectively. led to Rayonier being named the seventh-largest private timberland owner in the U. the company got a major boost through a joint research effort with Du Pont. Customized for: ji (jixu0001@e. while wood products include.sg) The price is REIT To capitalize on its southeast business. opened its first mill in Shelton.ntu.
com/careers_main. A year later.000 acres of New Zealand timberland for $296 million. Rayonier teamed up with an international consortium to purchase 235. Meanwhile.” The company plans to use proceeds to support growth of real estate businesses in the Southeast. One of the company’s latest business ventures. Rayonier recently reached an agreement in August 2005 to sell its medium density fiberboard business in New Zealand to a Hong Kong company for $40 million. net income skyrocketed from $50 million the year prior to $156. Each job listing offers individualized descriptions.sg) 144 CAREER LIBRARY © 2005 Vault Inc.Vault Guide to the Top Real Estate Employers Rayonier. Rayonier achieved sweeping gains after reorganizing itself as a real estate investment trust (REIT) in January 2004 to increase cash distributions to shareholders. At the same time. Jacksonville. www. . TerraPointe LLC. in 2000.ntu. as a platform for growth. that July. Customized for: ji (jixu0001@e. CEO Nutter called the Australasia region “attractive” for timberland investment and a “win-win for Rayonier and our co-investors. real estate and performance fibers businesses.edu. as part of a plan to focus on core timber.asp. and to fund additional timberland acquisitions.9 million. was formed in June 2005 to evaluate Rayonier’s timberland properties and maximize value.rayonier. Rayonier announced a strategic plan to focus on performance fiber and timberland management. qualifications and contact information. GETTING HIRED Rayonier career Rayonier lists employment opportunities on its career web site. its two strongest businesses. diversify holdings and boost stock value — on the whole that year. Fla. Inc.
the Vault Job Board and more.com THE STATS Employer Type: Private Company Chairman: David (Dave) Liniger CEO: Margaret Kelly KEY COMPETITORS LOCATIONS Greenwood Village.remax.RE/MAX International. Ste. Century 21 Coldwell Banker Prudential EMPLOYMENT CONTACT www.com/inside_remax/beco me_an_agent/index. CO (HQ) Operations in 58 countries worldwide. Crescent Parkway.ntu. expert resume reviews. Inc.htm Customized for: ji (firstname.lastname@example.org for insider company profiles.edu.vault.sg) Visit Vault at www. 8390 E. CO 80111 Phone: (303) 770-5531 Fax: (303) 796-3599 www. 500/600 Greenwood Village. CAREER LIBRARY 145 . expert advice. career message boards.remax.
THE SCOOP Real estate to the Max Founded in 1973 by current chairman and vice-chairman Dave and Gail Liniger. homes for sale — including those of its competitors — on its web site www.remax. For over 33 years. RE/MAX shook up the industry again with its August 2005 announcement that it will begin posting listings of all U. The downfall? Top producers often supplied most of the operation’s overhead. thus supporting low-producing agents.000 real estate agents in its network of independently owned franchises in over 58 countries. subsequently. RE/MAX was also the first (and is still the only) real estate network to create and maintain a satellite television network designed for its real estate professionals.com in a proconsumer move that could potentially lead to widespread changes for real estate information on the Internet. More recently. The Linigers’ business model eschewed the classic commission-split for a process by which agents would share office overhead and pay management fees in return for a wide variety of traditional real estate franchise services and high commissions.ntu. and is the only major real estate network still owned and directed by its original founders. and boasts the world’s largest hot air balloon fleet. During the 1970s. the company has grown every single month of operation. Inc.sg) 146 CAREER LIBRARY © 2005 Vault Inc. The organization’s primary focus is residential sales.edu. . most real estate offices used a commission-split system that required sales professionals to surrender half of their commissions to their brokers in exchange for an office environment and company services. today RE/MAX International has more than 114. Innovations RE/MAX was founded as somewhat of a real estate revolutionary.Vault Guide to the Top Real Estate Employers RE/MAX International. but RE/MAX also provides advisory and relocation services. Customized for: ji (jixu0001@e.S. produced a high turnover rate in the residential real estate market. which.
ntu.vault. Inc. the Vault Job Board and more. GETTING HIRED Local agents More information on becoming a sales associate or agent can be found on the RE/MAX web site: www.Vault Guide to the Top Real Estate Employers RE/MAX International.com for insider company profiles. expert resume reviews.com/inside_remax/become_an_agent/index.sg) Visit Vault at www. expert advice. CAREER LIBRARY 147 .remax.edu. career message boards.htm. Customized for: ji (jixu0001@e. Local offices can be searched on the site for specific career availabilities.
edu.ntu. cfm?&CFID=26779749&CFTOKEN =28204705 Customized for: ji (email@example.com. 26th Fl.RREEF America L.dbrealestate. Steppe LOCATIONS San Francisco. 101 California St.L.com/rreef THE STATS Employer Type: Subsidiary of Deutsche Bank Managing Principal: Stephen M. .. San Francisco.com/rreef/default. IL New York. CA 94111 Phone: (415) 781-3300 Fax: (415) 391-9015 www.sg) 148 CAREER LIBRARY © 2005 Vault Inc.C. CA (HQ) Chicago. NY KEY COMPETITORS Cushman & Wakefield Grubb & Ellis Jones Lang LaSalle EMPLOYMENT CONTACT www.
Vault Guide to the Top Real Estate Employers RREEF America L.L.C.
RREEF, founded in Chicago in 1975, is a real estate investment advisor that purchases, administers and sells real estate portfolios for its clients, and offers research and specialized services to institutional investors and private REITs. In addition, RREEF manages over 400 properties on behalf of its clients, and currently holds $18 billion in assets under management. Deutsche Bank, Europe’s largest lender, purchased RREEF for $490 million in March 2002. The company’s name is an acronym for founder Claude Rosenberg’s last name and the words “real estate equity funds.”
RREEF has been busy on the buying side of business as of late. During the spring of 2005, the company picked up real estate in the San Francisco area in two deals, including Pleasanton’s CarrAmerica Corporate Center for $197.3 million, and a 319,000 square foot Class A office complex in Walnut Creek for $91 million. In the first quarter of that year, RREEF closed on three of the largest 20 property transactions, more than any other investment firm. Then, in July 2005, RREEF made headlines again for its blockbuster $1.3 billion purchase of a 23 million square foot portfolio of industrial space from CalEast Industrial Investors, LLC, adding land in New Jersey, Minnesota, Oklahoma, Kansas, Massachusetts, Florida, Maryland, Georgia and Tennessee to its ever-growing portfolio.
Customized for: ji (firstname.lastname@example.org)
Browsing the listings
RREEF lists employment opportunities on its career web site, www.dbrealestate.com/rreef/default.cfm?&CFID=26779749&CFTOKEN=2820470 5. Each job listing offers individualized descriptions, qualifications and contact information.
Tishman Speyer Properties
520 Madison Avenue New York, NY 10022 Phone: (212) 715-0300 Fax: (212) 319-1745 www.tishmanspeyer.com
Employer Type: Private Company Chairman: Robert V. Tishman CEO: Jerry I. Speyer
New York, NY (HQ) Boston, MA Chicago, IL Los Angeles, CA San Francisco, CA Stamford, CT Washington, DC Berlin Frankfurt London Madrid Paris São Paulo Sydney
Boston Properties Brookfield Properties Equity Office Properties
Customized for: ji (email@example.com)
© 2005 Vault Inc.
Vault Guide to the Top Real Estate Employers Tishman Speyer Properties
The shine from the top of the Chrysler Building
Tishman Speyer, founded in 1978 by current Chairman Robert Tishman and current CEO Jerry Speyer, buys, develops and operates some of the world’s most famous commercial real estate properties, including New York’s Chrysler Building, Rockefeller Center and Lipstick Building; Berlin’s Sony Center; and Los Angeles’ Colorado Center. Overall, the company owns or has developed more than 65 million square feet in the U.S., Europe, Asia and South America, and has smaller interests in retail, entertainment and residential ventures.
Art and architecture meet in a number of original ways on Tishman Speyer ground. The company maintains an art collection with pieces from world-famous artists such as Frank Stella, Julian Schnabel, Takashi Murakami and Andy Warhol. Rockefeller Center has been home to a number of these creations put on public display, including Jeff Koons’ “Puppy,” a sculpture of man’s best friend created from hundreds of flowering plants, and Jonathan Borofsky’s gravity-defying “Walking To the Sky,” a piece featuring fiberglass figures walking upwards along a stainless steel poll.
They come from the Land Down Under
In October 2004, privately owned Tishman Speyer announced it was preparing an initial public offering of an interest in $1.8 billion real estate portfolio covering 7.3 million square feet of U.S. office space on the Australian LPT index. The portfolio was initially jointly owned by the Australian trust, the Singapore government’s offshore property arm, GIC, and Tishman Speyer, but, by that December, Tishman Speyer had closed on an agreement with GIC to acquire majority interest in the portfolio which included twelve properties in eight U.S. cities. Tishman Speyer will hold 51 percent interest, and will manage and lease all of the properties, which CEO Jerry Speyer called “an outstanding and diverse array of core assets” in a December 2004 statement.
Customized for: ji (firstname.lastname@example.org)
In a New York minute
In November 2004, Tishman Speyer beat out competitors Vornado Realty Trust and Boston Properties with a $175 million bid for The New York Times’ 750,000-squareVisit Vault at www.vault.com for insider company profiles, expert advice, career message boards, expert resume reviews, the Vault Job Board and more.
www. More recently.P. Applicants can also submit their resume and cover letter for future consideration via the site. the company purchased the 58-story MetLife building for $1. . should be sent to: recruitmenteu@tishmanspeyer. The summer internship recruits during January and February. which will be converted into office and ground floor retail space after the Grey Lady moves into new headquarters (also in the Times Square vicinity) in 2007. ability to work effectively with peers and executives.7 billion.com. foot headquarters in New York’s Times Square. the most expensive single asset ever traded in New York City. Calling all grads For graduate students. Recruiting for the LDP takes place annually in the fall. L.edu.ntu. GETTING HIRED Penchant for property Tishman Speyer lists U.Vault Guide to the Top Real Estate Employers Tishman Speyer Properties. A strong leadership profile. along with preferred country of interest. passion for real estate. Tishman Speyer runs a Leadership Development Program and Leadership Development Summer Program. For those interested in international positions. Customized for: ji (jixu0001@e. Typical qualifications for these positions include. foreign language skills and experience abroad.com/work/browse. a resume and cover letter.sg) 152 CAREER LIBRARY © 2005 Vault Inc.com. Those attending schools at which Tishman Speyer does not recruit are advised to send a resume and cover letter to: tishmanspeyerresumes@knowledgeworkers. and runs 10 weeks in length. and offers participants a full-time position running 12-18 months. in April 2005.-based openings on its career web site.tishmanspeyer.aspx.S.
WA Maitland. expert advice. 1100 Atlanta. expert resume reviews. GA (HQ) Austin. MA Portland. the Vault Job Board and more. CA Scottsdale. GA 30339 Phone: (770) 801-1600 Fax: (770) 801-5395 www.tcresidential.tcresidential. CA Dallas. TX Boca Raton.com for insider company profiles. Ste. CA San Ramon.com/employment Customized for: ji (email@example.com) Visit Vault at www.com THE STATS Employer Type: Private Company Chairman & CEO: J. CO Houston. TX Kirkland. NJ Needham. FL Morristown. TX Denver.edu.vault. MD San Mateo. CAREER LIBRARY 153 . FL Charlotte. Ronald Terwilliger LOCATIONS Atlanta. AZ Wilton.Trammell Crow Residential 2859 Paces Ferry Road. OR Raleigh. CT KEY COMPETITORS Gables Residential Trust JPI Lincoln Property EMPLOYMENT CONTACT www.ntu. career message boards. NC Rockville. NC Costa Mesa.
www. The company also has expertise in office.ntu. qualification requirements and contact information. as well as a new library. Va. Trammell Crow operates regionally through national and divisional partners. along with a $46.000 multifamily units in major markets nationwide. Recent projects include the development of Old Town Village Fairfax.sg) 154 CAREER LIBRARY © 2005 Vault Inc.5 million 19-story condo tower and a $250 million “twin tower” development in Atlanta. Customized for: ji (jixu0001@e. a $65 million mixed-use property featuring retail. development and construction of multifamily housing.. GETTING HIRED Crow pros Trammell Crow lists openings by location and by position on its career web site. set for completion in 2006.Vault Guide to the Top Real Estate Employers Trammell Crow Residential THE SCOOP The housing authority Trammell Crow Residential emphasizes three core services: acquisition. Each job listing offers specific position descriptions. Primary customers include users of commercial real estate and facilities. office and residential space.tcresidential. Since then. and investors in commercial real estate.com/employment. industrial and retail properties. TCR has developed more than 200. . Major markets include the Southeast and the West. and amassed over $3 billion in assets. while subsidiary Trammell Crow Residential Services manages nearly 200 multifamily rental properties in roughly 20 states. The firm split from real estate management giant Trammell Crow in 1977. Ga.edu.
TX Houston.6 LOCATIONS Chicago. NY Washington. DC KEY COMPETITORS Brookfield Properties CarrAmerica Equity Office Properties EMPLOYMENT CONTACT www.sg) Visit Vault at www.com/careers Customized for: ji (jixu0001@e. the Vault Job Board and more. Suite 1100 Chicago. GA Dallas.ntu.Trizec Properties. TX Los Angeles. expert resume reviews. Riverside Plaza. CA New York.trz. 10 S.trizec. IL 60606 Phone: (312) 798-6000 www.com for insider company profiles. IL (HQ) Atlanta.com THE STATS Employer Type: Public Company Stock Symbol: TRZ Stock Exchange: NYSE Chairman: Peter Munk CEO: Timothy H.vault. CAREER LIBRARY 155 . Inc.edu. career message boards.): $721. expert advice. Callahan 2004 Employees: 740 2004 Revenue ($mil.
sg) Property prestige Recent acquisitions include the April 2005 purchase of 1200 K Street.C. Detroit. CEO Callahan dubbed 2004 a “stepping stone to recovery” — as the market’s turnaround from the post-September 11 economic recession neared completion. Trizec recorded its third straight quarter drop in vacancies in March 2004 and saw its occupancy rate stabilize. Louis. considered one of downtown L. The fall of 2004 brought more sales in St.2 million. Current CEO Timothy H. Callahan was previously CEO of Trizec’s rival. the company sold off buildings in noncore markets such as Memphis. as part of continued efforts to exit non-core markets. Trizec Canada Inc. major tenants include Goldman Sachs and the U. compared with a loss of $80..000 square foot office property located in Washington.1 million the year prior.9 156 CAREER LIBRARY © 2005 Vault Inc.2 million for the second quarter of 2004. investors to invest in Trizec through Trizec Canada. Since 2003. West Palm Beach and Minneapolis. and a net income of $45. Equity Office Properties Trust. .C. Trizec converted to an umbrella partnership REIT (UPREIT).” and the $365 million July 2005 purchase of Figueroa at Wilshire. D.edu. S.ntu. while three of Trizec’s East Coast properties picked up Building of the Year honors from the Building Owners and Managers Association.7 million. Sacramento and Columbia.S. and One New York Plaza. By the second quarter ended June 2005. which Callahan dubbed a “premier property in the strongest office market in the nation. also formed from the reorganization. enabling non-U. a 389. Inc. In 2004.A. holds a 40 percent stake in Trizec Properties. Customized for: ji (jixu0001@e.S. Gaining market presence Struggling to boost its bottom line in 2003. Los Angeles’ Figueroa at Wilshire. Famous landmarks include Washington’s Watergate office building. with a portfolio of 52 office properties containing approximately 37 million square feet. Trizec reported funds from operations (FFO) of $69. THE SCOOP Office space Trizec is the nation’s second-largest real estate investment trust (REIT) behind Equity Office Properties Trust. the company has sold $1. Government.’s most prestigious addresses. Callahan came aboard in August 2002. Dallas. The company was launched as a publicly traded REIT in May 2002 as part of the reorganization of Canadian-based TrizecHahn Corporation. compared with a loss of $138. for $190 million.Vault Guide to the Top Real Estate Employers Trizec Properties.
billion worth of assets.com for insider company profiles. while picking up four properties in Washington.trizec. Applications can be filled out online by uploading a resume and cover letter to the Trizec site. the Vault Job Board and more. Other major markets include Atlanta. career message boards.edu. CAREER LIBRARY 157 . Customized for: ji (jixu0001@e. expert resume reviews. Chicago.1 billion. and Los Angeles worth $1. including 23 non-strategic office properties.com/careers/index. Houston and New York. D.cfm?fuseAction=list&imageToLock=2. Inc.Vault Guide to the Top Real Estate Employers Trizec Properties. Each job listing offers specific position descriptions and qualification requirements.sg) Visit Vault at www.ntu. GETTING HIRED Careers at Trizec Trizec lists openings the career section of its web site. Dallas.vault. www.C. expert advice.
URS Corporation 600 Montgomery Stree.urscorp.): $3.urscorp.382. .com/Careers/index. CA 94111 Phone: (415) 774-2700 Fax: (415) 398-1905 www. CA (HQ) Locations across the U. KEY COMPETITORS AECOM Bechtel Jacobs Engineering EMPLOYMENT CONTACT www.ntu.S.com THE STATS Employer Type: Public Company Stock Symbol: URS Stock Exchange: NYSE Chairman & CEO: Martin M.0 LOCATIONS San Francisco.sg) 158 CAREER LIBRARY © 2005 Vault Inc. Koffel 2004 Employees: 27.php Customized for: ji (firstname.lastname@example.org 2004 Revenue ($mil. and worldwide. 26th Floor San Francisco.
intelligent transportation systems. telecommunications. Throughout the 1970s and 1980s. During the 1960s.sg) Visit Vault at www. Europe and the Asia/Pacific region. parking facilities. the company grew into a multidisciplinary professional services firm. Begun with a broad view URS was established in 1951 and later incorporated in 1957 as Broadview Research. However.ntu. approximately 90 percent of the URS revenue comes from North America. general building and facilities. Providing a wide range of engineering services. toll facilities. expert resume reviews. URS designs transportation systems (such as highways. and construction management fall into seven general markets: surface transportation. Though corporate headquarters are housed in San Francisco. Although URS designs and provides services in all these sectors.-based United Research Inc. Mass. URS still operates facilities and conducts business through some 110 offices located in Central and South America. CAREER LIBRARY 159 . including the purchases of Madigan-Praeger. air transportation. Of these markets. John A. URS dips its designs in just about everything from telecommunications to hazardous waste. Hill Dreman Chase. a majority of the company’s income comes from the transport systems.000 workers around the globe. a research group with a focus on physical and engineering sciences. A master engineer URS services of planning. Dalton and Newport. URS Corporation is engineering success.edu. bridges. Blume & Associates. Customized for: ji (jixu0001@e.Vault Guide to the Top Real Estate Employers URS Corporation THE SCOOP Paving the roads for the future With more than 300 offices in over 20 countries. URS expanded at a rapid pace through internal growth and strategic acquisitions to develop its engineering. expert advice. water/wastewater and hazardous waste. As a global engineering design firm. technology and hazardous waste). career message boards. later shortened to URS. interchanges. and ports and marine structures) and other networks (including industrial processing and petrochemicals. in 1968. general building and facilities. and Dalton. water and wastewater. tunnels. and acquired Cambridge.vault.com for insider company profiles. The new addition led to a name change: United Research Services. the Vault Job Board and more. architectural and environmental businesses. Coverdale and Colpitts. design and program. railroads/mass transit. industrial process/petrochemical. URS employs 28.
the company picked up EG&G Technical Services.S. read about the benefits of working for the company and even submit a resume online. for $335 million to gain business from the federal government. The plan worked: seven months later URS secured an eight-year. a provider of outsourced management and technical support services to the U. from $13. including Woodward-Clyde Group for $100 million in 1997 and Dames & Moore Group for $300 million in 1999.8 million in 2004 to $20. The business has boosted URS’ bottom line: first-quarter profit reported May 2005 jumped 46 percent. while revenue grew 11 percent from $830. designing city transit systems.apply2jobs. where you can check out open job positions. Highway 183-A in Central Texas.1 billion dollar contract with the U. and revamping older models of pre-existing subways. including: providing construction management services for the Downtown Seattle Transit Tunnel Project (set for completion in 2007). connecting Center City (Charlotte’s primary employment center) with other popular Charlotte locations (due to begin service in 2009). 160 CAREER LIBRARY © 2005 Vault Inc.C.. building land transports.Vault Guide to the Top Real Estate Employers URS Corporation Gaining government ground Major buys in the 1990s. . N.1 million. In July 2002. GETTING HIRED Customized for: ji (email@example.com) U R Hired Visit the URS career web site at www. Army. In addition. trains and automobiles URS has kept busy in recent years.com.edu. Army through EG&G to provide support services. $14 million contract to provide design services for construction of U.urs. further solidified URS’ industry presence. Recent projects stretch from coast to coast. $3. and a two-year.S.S. Planes. government.S. a streetcar line in Charlotte.3 million to $922 million.ntu. new government projects announced during the summer of 2005 include two five-year contracts provide environmental engineering services to the Navy’s Engineering Field Activity and aircraft maintenance and modification services for the U.
com for insider company profiles. IL (HQ) 32 cities nationwide and subsidiaries in 140 countries.ntu.509. the Vault Job Board and more.sg) Visit Vault at www. career message boards.800 2004 Revenue ($mil.vault. KEY COMPETITORS Armstrong Holdings Georgia-Pacific Corporation Temple-Inland EMPLOYMENT CONTACT www.USG Corporation 125 S.USG.): $4.0 LOCATIONS Chicago. expert advice. Franklin Street Chicago.edu. IL 60606-4678 Phone: (312) 606-4000 Fax: (312) 606-4093 www.com/careers Customized for: ji (jixu0001@e. CAREER LIBRARY 161 . expert resume reviews.usg.com THE STATS Employer Type: Public Company Stock Symbol: USG Stock Exchange: NYSE Chairman & CEO: William C. Foote 2004 Employees: 13.
In the first half of 2001 alone leading up to the bankruptcy filing. USG has built a strong reputation in the building industry.sg) © 2005 Vault Inc. Warren Buffett.ntu. . District Judge Alfred Wolin. In November 2003. ready-mixed joint compounds. thus significantly increasing its asbestos costs. USG does more than just make the building blocks of houses. Divided into three main operations. Started in 1902 with the emergence of 30 regional gypsum manufacturing companies. after it was discovered that Wolin hired legal advisors representing asbestos-exposure victims in another bankruptcy case.Vault Guide to the Top Real Estate Employers USG Corporation THE SCOOP Building blocks and beyond As the number one sheetrock manufacturer in the world. From its first product. ceiling suspension grids and ceiling tiles for both residential and commercial clients. USG has been named in over 250. North American Gypsum. abuse-resistant wall panels. The company ultimately fell after other asbestos defendants went bankrupt. filed for federal bankruptcy protection in June 2001 due to mounting asbestos litigation against its Gypsum subsidiary. USG asked U. with all shares and stock options cancelled. leading claimants to declare that there was “no reasonable prospect of a consensual plan of reorganization.edu. Judge Joy Flowers Conti replaced Wolin in September 2004. the United States Gypsum Company began building and manufacturing products. the billionaire chairman of Berkshire Hathaway. Pyrobar. and paid over $450 million in litigation costs. a federal judge overseeing the case to step down. negotiations between USG and the defendants came to an impasse. skyscrapers and landmarks. It makes gypsum.000 personal injury claims related to asbestos. The resulting dispute has led to a legal showdown with more twists and turns than an episode of a Dick Wolf courtroom drama. USG’s reputation stands tall in a foundation built by a century of hard work. along with its major domestic subsidiaries. to the phenomenon that is sheetrock. personal injury costs rose dramatically from $30 million in 1997 to more than $275 million in 2001.000 asbestos-related personal injury claims. Asbestos damages USG.S. Two months later. fiberglass-reinforced cement board. construction plaster products. Since 1994.” Claimants requested shares of the company and proceeds of an $860 million tax credit for a victims’ trust in a plan that would leave shareholders with nothing. 162 CAREER LIBRARY Customized for: ji (jixu0001@e. poured gypsum underlayments. Worldwide Ceilings and Building Products Distribution. USG received 22. owns 15 percent of the company.
believing that parties involved would be “better served by an extension of our exclusive plan-filing period. In June 2004. Gypsum’s asbestos liability.Vault Guide to the Top Real Estate Employers USG Corporation USG said it would fight the claimants’ request for permission to file the plan. USG has continued to forge ahead in recent years with new innovations. but hopes for one “as quickly as possible. the Vault Job Board and more. expert advice. Humitek and Aqua-Touch. Visit Vault at www.usg. with a comprehensive and final resolution to U. In addition. which resist mold and mildew.S. at the start of 2005. The company’s web site says it cannot predict a completion date. human resources.ntu. accounting.com for insider company profiles. list of open positions and a link to apply online. career message boards. though many of the administrative matters associated with the filing were resolved in 2001. As of August 2005. as demand for gypsum wallboard products is expected to remain strong on growth in the housing and residential remodeling markets. and information systems. For the whole of 2004. the U. GETTING HIRED Customized for: ji (jixu0001@e. a division of Worthington Industries. USG’s earnings more than doubled from $122 million in 2003 to $312 million.” Meanwhile. the company remains under bankruptcy protection. expert resume reviews. CEO Foote maintains a “favorable” outlook for the remainder of the year.3 billion. a record for any quarter in USG history. USG filed for a patent for its Fiberock gypsum board. CAREER LIBRARY 163 . USG announced a joint venture with Dietrich Metal Framing.” Off the wall results Despite the ongoing legal troubles. sales/marketing.do. as Congress moves forth with a plan to introduce comprehensive asbestos legislation to provide compensation to asbestos victims without litigation. And. and for two new gypsum panel products.sg) Jobs with gypsum To start building a career with USG. to develop products and systems for the building framing industry. You can find a company overview.edu.vault.S. government got involved in the asbestos mess in 2005. visit their web page at www.com/OpenPositionsAction. the company also offers a Coop/Intern Program for college students in engineering. Things keep looking up — the company’s second quarter of 2005 boasted net sales of $1.
Society of Women Engineers. University of Arizona. National Society of Black Engineers. Louisiana State.sg) 164 CAREER LIBRARY © 2005 Vault Inc. Customized for: ji (firstname.lastname@example.org. North Carolina State A&T. National Association of Black Accountants. Georgia Tech. Society of Hispanic Professional Engineers. Iowa State. . Texas A&M. Miami University (Ohio). Montana Tech.Vault Guide to the Top Real Estate Employers USG Corporation USG typically recruits at the following universities and organizations: Cal Poly San Luis Obispo. University of Missouri-Rolla and Virginia Tech. Texas Tech. Penn State.ntu.
VA Chicago. NY (HQ) Alexandria. CAREER LIBRARY 165 .Vornado Realty Trust 888 7th Avenue New York.): $1.com THE STATS Employer Type: Public Company Stock Symbol: VNO Stock Exchange: NYSE Chairman & CEO: Steven Roth 2004 Employees: 2.com Customized for: ji (email@example.com) Visit Vault at www. IL Paramus.vno. career message boards.592 2004 Revenue ($mil.ntu.707 LOCATIONS New York. the Vault Job Board and more. expert resume reviews. expert advice. NY 10019 Phone: (212) 894-7000 Fax: (212) 894-7070 www.edu.com for insider company profiles. NJ KEY COMPETITORS Boston Properties Brookfield Properties Equity Office Properties EMPLOYMENT CONTACT E-mail: humanresources@vno.
including 67 buildings in Washington. was vacated in 1999 and stood empty for over two years while redevelopment plan after redevelopment plan went bust and insiders assumed Roth was in over his head. one of the nation’s largest real estate investment trusts (REITs). strip centers and malls in the Northeast and California. and 19 buildings in New York City. Prime properties include New York’s Hotel Pennsylvania and One Penn Plaza. D.. Two years later. In addition. Roth gained control of Vornado. Retail Properties and Merchandise Mart. Vornado’s assets run upwards of $20 billion. Today. Charles E. Vornado maintains a retail portfolio of 94 retail centers. in a deal that cemented his reputation of making bank by investing in failed retailers. and got to work putting his own stamp on the firm by closing the chain stores and steering Vornado in a new direction — real estate.Vault Guide to the Top Real Estate Employers Vornado Realty Trust THE SCOOP Covering the REIT coast Vornado Realty Trust.ntu. Alexander’s flagship Manhattan-based store. a department store chain recovering from Chapter 11 protection. For five years ended December 31. as well as more than 100 luxury condos and the world Customized for: ji (firstname.lastname@example.org. 56-story glass. D. The persistent chief delivered plans in 2001 for a whopping $630 million. Chicago’s Merchandise Mart and Washington’s Bowen Building. Trusting in “Mr. stainless steel and aluminum tower for mixed-use designed by well-known architecture firm Cesar Pelli & Associates. in 1980.C. including supermarkets. Citibank and H&M shop. The resulting building. while Vornado’s Merchandise Mart segment owns 10 other properties in addition to producing trade shows. the Trust’s annual return has averaged 25 percent compared with a negative return for the S&P 500 and a 22 percent average return for the NAREIT All Equity Index. . and is well known for his keen eye for real estate opportunities.C. which today houses a Home Depot. across from the famed Bloomingdale’s. Patience” and “utterly brilliant” by industry insiders. The company converted to an REIT in 1993. Smith Commercial Realty. owns property or real estate mainly in the New York area and the Capitol District of Washington. then the publicly held parent of a failing discount retail chain.sg) 166 CAREER LIBRARY © 2005 Vault Inc. Total holdings cover approximately 90 million square feet. Patience” Founder and current chairman and CEO Steven Roth has been called both “Mr. 2004. Business is divided into four main platforms: Manhattan Office Properties. Roth picked up controlling interest in Alexander’s Inc.
vault. In November 2004. which led to a sizeable profit on its Sears stake. Investors enjoy the wheeling and dealing — Vornado shares jumped from $47 in the spring of 2004 to $85 by the summer of 2005. Property profits Roth has also helped build Vornado internally through a string of business acquisitions. DSW. most notably the 1998 purchase of Merchandise Mart for $625 million. Smith Commercial Realty. Forever 21 and Whole Foods. sparking some chatter that Vornado would turn into a dark horse to break up the then-pending merger between Sears and Kmart.edu.000 square feet of space for $65 million. Vornado picked up a 4. threw its support behind the deal.Vault Guide to the Top Real Estate Employers Vornado Realty Trust headquarters of the Bloomberg LP financial information firm. expert resume reviews. and the building at 66th Street and Madison that contains 37 apartments and has 9. picking up the 17.6 billion purchase of kiddie mecca Toys “R” Us in March 2005 as part of a group of investors including KKR Group and Bain Capital. however. Roth & Co. expert advice.3 percent interest in Sears.000 square feet of ground floor retail space for $158 million during the first half of 2005. Should Toys “R” Us go bust. Vornado. the company picked up 25 supermarkets in Southern California covering 766. Kids at heart Real estate value was also behind Vornado’s $6. revealing a vertical mall with tenants including Filene’s Basement. is seen as a smashing success. CAREER LIBRARY 167 .sg) Visit Vault at www. have been pounding the pavement of New York’s Madison Avenue. In June 2004. Vornado will be left with prime real estate to sell. Vornado unveiled a major renovation on an old Union Square building in New York City. Three months later.com for insider company profiles. Customized for: ji (jixu0001@e. re-lease or re-develop.000-square-foot retail portion of the former Westbury Hotel for $113 million. the Vault Job Board and more. Wall Street is listening More recently. career message boards.ntu. and a 2001 merger with Charles E.
com/careers. Each separates job listings by location and function. Smith (smithcommercialrealty.com/career.idx).sg) 168 CAREER LIBRARY © 2005 Vault Inc. Customized for: ji (jixu0001@e. .ntu.html) and Charles E.merchandisemart. Merchandise Mart (www.Vault Guide to the Top Real Estate Employers Vornado Realty Trust GETTING HIRED Working at Vornado Vornado’s web site lists job availabilities at two of its business platforms.edu.
sg) Visit Vault at www. IL 60611 Customized for: ji (jixu0001@e.Walton Street Capital L. Bluhn 2004 Employers: 45 LOCATION Chicago. L. expert advice. career message boards. 900 North Michigan Avenue Suite 1900 Chicago.C 900 North Michigan Avenue Suite 1900 Chicago.com THE STATS Employer Type: Private Company Principal Overseeing Strategic Direction: Neil G. expert resume reviews.ntu.com for insider company profiles.C. the Vault Job Board and more.edu.vault.waltonst. CAREER LIBRARY 169 .C. IL (HQ) EMPLOYMENT CONTACT Walton Street Capital. IL 60611 Phone: (312) 915-2800 Fax: (312) 915-2881 www.L.
The company’s 17 principals average nearly 20 years of experience in the real estate industry and have participated in the acquisition.L. Applicants should send a query letter to: Walton Street Capital. To properly align the interests of the principals and fund investors. foreign institutions. L. is a principal investment and asset management organization. GETTING HIRED There is no employment contact or job listing on the company’s web site.edu.sg) 170 CAREER LIBRARY © 2005 Vault Inc. management and disposition of over $25 billion in real estate and real estate operating companies.Vault Guide to the Top Real Estate Employers Walton Street Capital L.L. private equity real estate investment funds which have received total equity commitments of $1.C. industrial and hotel properties from California to New York. insurance companies and banks. financing.C.L.C. retail. 900 North Michigan Avenue Suite 900 Chicago.ntu. IL 60611 Customized for: ji (jixu0001@e. Walton Street also owns commercial. sponsoring a series of performance-based. as well as in Hawaii and Australia. L.8 billion from public and corporate pension funds. trusts. THE SCOOP Street beat Walton Street Capital. the principals personally make a significant investment in the funds and are compensated through a back-end weighted compensation structure: fund investors must receive a return of their committed fund capital and a referred return before any performance fees are paid to the general partner. and high net worth individuals. endowments and foundations. .
com for insider company profiles.ntu. the Vault Job Board and more.sg) Visit Vault at www. expert advice. CAREER LIBRARY 171 .vault.edu.About the Editor Laurie Pasiuk graduated from Fordham University with a degree in English Literature. She started and edited the fiction section for Elsevier Science’s HMS Beagle before joining Vault as a staff editor. Customized for: ji (jixu0001@e. expert resume reviews. career message boards.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue listening from where you left off, or restart the preview.