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HOME > Marketplace Reflections > issue 106
"I had no idea that history was being made. I was just tired of giving up." Marketplace Reflections: Issue 106We hope you enjoy this issue of Marketplace Reflections. Dudley & Associates has been engaged in Executive Search and Recruiting since 1983. Our web site is www.dudleyandassoc.com. The phone number is (972) 265-7915. ANNOUNCEMENTSWe are still receiving some mail at our old location. Please note our new address:Dudley & Associates 80 S. Lake Ave. #702 Pasadena, CA 91101 OPPORTUNITIES288 J Senior Director of Leasing/Operations – Industrial(Los Angeles)The private equity arm of a global real estate investment management firm is seeking a Senior Director of Leasing/Operations-Industrial Properties. The successful candidate will be joining a very successful team of dedicated professionals focused on the acquisition, development, and repositioning of large institutional quality assets in major markets around the US that exhibit a significant value add opportunity. The new Director will have the challenge of managing the development, leasing and operations of 12.5 million square feet of industrial product in the Inland Empire. This exciting opportunity is still available, and may be right for you. Contact Jon Torgeson at jatorgeson@dudleyandassoc.com289 SM VP of Business Development – Real Estate Investment Banking(San Francisco)One of California's truly outstanding private companies, a national real estate investment bank providing real estate capital and advisory services for owners and developers, has created a new role in their San Francisco office. We seek an outstanding business development executive to reach new development and investment clients for their broad debt and equity needs. Are you tired of missing deals because your platform is too narrow? This opportunity may be for you. Contact Scott McGinnis at scott@dudleyandassoc.com290 M Senior Development Manager – Commercial/Retail(Ft. Lauderdale, FL)A truly premier national private developer has opened a new South Florida operation and the new partner is seeking a right hand person. Do you love to execute from concept to completion on new commercial developments or redevelopment opportunities? Then you will love this deal, and have significant opportunity to participate in a profit share tied to the projects. Sound good? Contact Marvin Sadovsky at ms@dudleyandassoc.comMEETINGSReal Estate Southern CaliforniaLos Angeles Convention Center March 27, 2007 For more information, go to www.realshareconferences.com Dudley & Associates is proud to announce that Sayres Dudley has been asked by Real Share Conferences to moderate a panel at R.E. Southern California entitled “Career Building in a Changing Real Estate Landscape.” They will explore mergers and acquisitions within the industry, and the effect these transactions have on people and careers. Please plan to attend this lively discussion from 3:30-4:20 p.m. with top industry leaders. ArticlePREVIOUS ISSUES Jeff Thredgold’s recent newsletter article, Big Ball of Wax, discussing the condition of the economy, is very enlightening. He speaks on the state of the job market, especially relating to the service sector, employment rates and provides projections for 2007. The entire article can be found at http://www.thredgold.com/html/leaf.html Here are a few excerpts from his article: Outlook New economic data reports of an American economy that is doing quite well. We did then and do now expect the U.S. economy to grow at a 2.5%-3.0% real (after inflation) annual rate in 2007, with the risk being that growth could actually be stronger. The American economy grew at an inflation-adjusted 3.5% annual pace during the October-December quarter, above the recent consensus forecast of 3.0% real growth. The fourth quarter growth pace was the strongest since the first quarter of Copyright © Dudley & Associates 2006 All Rights Reserved2006. Strength and Consistency of the Economy Strength? The American economy actually grew at a slightly stronger pace in 2006 (3.4% after inflation) than it did in 2005 (3.2%). Consistency? The American economy grew at a real average annual pace of 3.3% during the past four years. Size? The American economy is now a $13.5 trillion ($13,500,000,000,000) behemoth, roughly 3X that of runner-up Japan. The Federal Reserve noted in its widely-followed statement that “readings on core inflation have improved modestly in recent months, and inflation pressures seem likely to moderate over time.” At the FOMC meeting, they also seemed comfortable with economic growth developments, noting that “recent indicators have suggested somewhat firmer economic growth, and some tentative signs of stabilization have appeared in the housing market.” The statement continued, “Overall, the economy seems likely to expand at a moderate pace over coming quarters.” Employment Economic cheerleaders could point to the 81,000 upward revisions to employment gains of the two prior months. Economic optimists could also point to the more than 800,000 upward revisions to employment gains for the 12-month period ending March 2006, the largest “benchmark revision” to prior data in a generation. Service-providing employment saw solid gains during the month, with a net rise of 104,000 jobs. The education & health services sector added another 31,000 net new jobs in January, while professional & business services added 25,000 net new jobs. The government sector added 14,000 jobs during the month, while retail trade added 4,000 jobs. Copyright © Dudley & Associates 2006 All Rights Reserved
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