Dudley & Associates

"The person who does not thank for little will not thank for much "

-Estonian Proverb

Marketplace Reflections: Issue 110


We 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.

ANNOUNCEMENTS

NOTE FOR THANKSGIVING
We want to send out our best wishes for a happy, fulfilling, and safe Thanksgiving holiday to all of our friends, colleagues, and clients. The many relationships we enjoy are a tremendous blessing to us. We hope that you will join with us in being ever grateful to God for the gifts and blessings we all enjoy. This season is truly a time to reflect and remember and give thanks.

OPPORTUNITIES


306 S. Retail Development Partner

(Orange County / Inland Empire)

A prestigious national developer is looking to hire a retail development partner for the Orange County / Inland Empire markets. We desire a visionary and entrepreneurial leader, known and trusted by the brokerage community, who desires a dynamic, aggressive platform for both new development and redevelopment opportunities. The company has a strong capital component and enjoys long term stability through creative value-added ventures.

Contact Scott McGinnis at scott@dudleyandassoc.com


307 S. Development Partner

(Washington DC)

An outstanding national developer with significant private equity is seeking a local Partner to open and operate a full-service development operation in the greater Washington DC area. We are looking for someone with strong market presence to develop broker loyalty and source new development opportunities inside the Beltway and in Northern Virginia.

Contact Sayres Dudley at asdudley@dudleyandassoc.com


308 S. National Build-to-Suit Partner

(Denver)

Our client operates a national build-to-suit platform, acting as a single point of contact for corporate clients. This person will primarily be responsible for originating and delivering national opportunities. A successful candidate will have strong relationships among corporate America (Fortune 500) brokers, and a proven track record in managing build-to-suits in various locations.

Contact Sayres Dudley at asdudley@dudleyandassoc.com

MEETINGS

Real Share Industrial West
November 28 - 29, 2007 Hyatt Regency Long Beach For more information please visit http://www.almevents.com/conf_page.cfm?instance_id=28&pid=680&web_id=1071

Article

Excerpts from Tea Leaf by Jeff Thredgold

We thought some insights from economist Jeff Threadgold in his November 7th Tea Leaf article might be encouraging as we face the challenges of a slowing real estate sector.

The entire article can be found at http://www.thredgold.com/html/leaf1107.htm l

Excerpts from Jeff Thredgold’s Tea Leaf article, “Twice as Many”:
The U.S. Department of Labor reported a net rise of 166,000 jobs in October 2007, twice the consensus forecast, and the largest gain in five months. Previously reported employment gains for August and September were revised lower by a total of 10,000 jobs.

The U.S. unemployment rate was 4.7% in October, matching September’s rate, and the highest level since July 2006. March’s 4.4% jobless rate matched that of October 2006 as the lowest in more than five years.

The average hourly wage rose 0.2% (three cents) to $17.58 hourly, a rise of 3.8% over the past 12 months. The 3.8% rise exceeds the 2.8% rise in the Consumer Price Index for the 12 months ending in September, providing real wage growth. Service-providing employment led the way in September with a rise of 190,000 net new jobs. The professional & business services sector added 65,000 net new jobs during October, while the leisure & hospitality sector added 56,000 jobs. The education & health services sector added 43,000 net new positions, while the government sector added 36,000 jobs. Health care employers have added 400,000 net new jobs in 2007 alone.

This latest data now suggests that the U.S. economy added an average of 112,000 net new jobs monthly during the past four months, down 16% from the 134,000 average monthly gain in 2007’s first half, and down 41% from the 189,000 average monthly gain in 2006.

We continue to suggest only a 25% chance of a U.S. recession during the next 12 months, with housing’s nationwide turnaround still perhaps a year away. And as a constant, much of the national media will continue to badmouth the economy at every opportunity…

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