We Liked this Article and Wanted to Share

Amid the US construction boom, investor interest in multifamily housing is still on the rise. In cities across the Midwest, vacancy rates have dropped as low as 3.5%; a thriving job market and declining rates of home ownership, among other factors, are contributing to the trend.

Are you looking to add to your team to stay on top of the multifamily boom? Our recruiters can connect you with the most knowledgeable candidates in the market. Call 708.246.2100 or fill out the form to the right to learn more.

Multifamily Still Tops With US Investors | GlobeSt.com


The Disadvantages of a Hidden Market -- and How We Can Help You Avoid Them

Bob CavotoManaging Principal, 20/20 Foresight

20/20 Foresight Executive Search is a hybrid retained executive search firm that specializes in the Real Estate and Financial industries. We work with companies to determine your specific needs and connect you with top-tier executive talent!

Companies sometimes refrain from publicly posting available jobs, creating what they call a “hidden job market”. Typically, publicly advertising an open position can be ineffective; screening resumes and candidates can be time consuming and expensive. But jobs advertised internally or through word of mouth means relying on references and recommendations from employees or personal networks, which can be limiting. With our expert recruiters and global database, 20/20 Foresight can help companies eliminate the lengthy process of finding candidates by providing only the most qualified executives in the market. What sets 20/20 Foresight apart from other executive search firms, besides our prominent name in the industry, is our resources, processes, and proven record of results.

Our team of experts use the most sophisticated resources and technology to ensure quality results. Working with our in-house research team, recruiters utilize top-of-the-line digital directories such as Salesforce and LinkedIn to target executives with the right skill sets. Further, our proprietary global database of over 100,000 candidates and 20,000 companies ensures we are covering the whole market to find executives that fit your criteria. We also pride ourselves in transparency--we share detailed updates every week so you know exactly where we are throughout every step of the process.

Once we have narrowed down a pool of candidates, we conduct an extensive candidate evaluation process. Our recruiters screen, interview, and evaluate each candidate using metrics like aptitude tests and personality tests to ensure we are only presenting the best. More importantly, we value and welcome your feedback because it helps us tailor every search to fit your unique needs. We are so confident in our processes that we even provide candidate guarantees, which include a two-year replacement guarantee for C-level executives. And as a hybrid search firm, after the initial retainer, no other payments are due until after we find the right fit for your team.

Our results speak for themselves. The processes we use are so efficient that we complete 80% of our searches in under 100 days; even as soon as 60, if needed. And the quality of the executives we provide is reflected in the fact that 89% of them are still with the same company after three years. More importantly, our success rate after 20 years still stands at 95%--30% higher than the industry average.

The traditional method of posting a job, screening resumes, interviewing candidates, and repeating the process several times per job can be exhausting. And, in the end, many employers find they are still more comfortable working with people they know. 20/20 Foresight can provide you with a specified pool of vetted candidates, eliminating the need for lengthy hiring processes. More importantly, because our candidate evaluation process is so thorough, we can provide more qualified references than your immediate network.

Let 20/20 Foresight Executive Search help you find the right people for your business!

With offices across the country and internationally, we are ready to serve you. Speak to one of our recruiters today by calling 708.246.2100 or fill out the form to the right.

We Liked this Article and Wanted to Share

With big chains like Sears suffering and Toys R Us shutting their doors, retail giant Best Buy is dabbling in different markets. Their recent acquisition of GreatCall, Inc., which provides healthcare devices to seniors, is the next step in their reorganization plan to invest more in technology and services rather than just consumer goods.

Is your company looking to reorganize to keep up with changing trends? 20/20 Foresight can connect you to the top candidates in the industry. Fill out the form on the right or call 708.246.2100 and speak with a recruiter today.

Best Buy to Acquire Jitterbug Parent GreatCall | WSJ

We Liked this Article and Wanted to Share

This article examines the increasing reliance on automated screening processes to "weed out" unqualified applicants. While convenient, this may actually limit the candidate pool.

Interested in connecting with qualified applicants without the expense and hassle of technology platforms? Fill out the contact form to the right, and our recruiters will be in touch.

We've Becoming Lazy at Hiring: Let's Do Better | Forbes

We Liked this Article and Wanted to Share

Mall vacancies caused by the closing of big spaces could be prime locations for hotels. According to this article, they are a “particularly good fit for retail centers, which tend to have ample parking, prime locations and shopping, restaurants and entertainment options readily available for travelers.” Has the disruption in the retail real estate sector made you rethink the make-up of your team? Talk it over with our experts. For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 708-246-2100.

Retail Center Owners Look to Hotels to Bring New Life to Vacant Big-Box Spaces

We Liked this Article and Wanted to Share

Confidence in the U.S. multifamily housing market remained positive in the first quarter of 2018, according to the National Association of Home Builders.  As this article points out, the MPI, which measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100, remained unchanged from last quarter, coming in at a reading of 53.  If you’re looking to add to your team based on a positive outlook, turn to 20/20 Foresight Executive Search.  For more information on our executive search services in real estate and financial services, contact us at www.2020-4.com or 646-873-6890.

Multifamily Builders, Developers in U.S. Remain Positive as Demand Continues

We Liked this Article and Wanted to Share

This listing of the top retail real estate managers was developed using responses to NREI's top managers of retail real estate survey, earnings reports and company websites.  No matter where you land on the list, 20/20 Foresight Executive Search can assist you as build out your team.  For more information on our executive search services in real estate and financial services, contact us at www.2020-4.com or 708-246-2100.

2018 Top Retail Managers

                               

We Liked this Article and Wanted to Share

Gyms and workout studios were once the bane of shopping center owners because they thought the fitness buffs would fill up parking lots, but not shopping bags. However, as consumers’ shopping habits have changed leaving empty retail spaces, mall operators are rethinking the value of leasing to fitness centers and gyms.  In fact, data firm CoStar Group says space leased by the category growing about 69 percent nationwide during the past five years.  Are you looking for an innovative thinker to add to your team?  If so, 20/20 Foresight Executive Search can help.  For more information on our executive search services in real estate and financial services, contact us at www.2020-4.com or 708-246-2100.

Rooftop pools, UFC gyms and cycling studios: Fitness centers filling retail void at Chicago-area malls

We Liked this Article and Wanted to Share

NREI’s third research survey investigating the state of publicly-traded REITs shows that publicly-traded REITs continue to have a solid foundation and have respectable choices for investing their capital.  As those decisions are made, it’s important to have the right people in-house.  Look to 20/20 Foresight Executive Search to assist your company as it seeks out professionals to fill out key positions.  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 646-873-6890.

Still in a Sweet Spot?

We Liked this Article and Wanted to Share

IPE Real Assets recently ranked the top 100 of the world’s largest real estate investors.  As the article notes, “The top three highlight the diversity of the world’s largest real estate investors today: a Middle Eastern sovereign wealth fund, a European pension fund manager and a global insurance company.” Active in all aspects of real estate investing, our consultants stand ready to assist you as you seek to fill key posts in your organization.  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 646-873-6890.

The Top 100: Real Estate Investors 2018

We Liked this Article and Wanted to Share

In this article, 13 members of the Forbes Real Estate Council share their insights on “how developers and investors can keep a close eye on fluctuating markets and how they can determine when is the best time to act in response to trends they notice.”  Do you have the right team in place to act as needed?  Talk over your needs with one of our consultants.  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 708-246-2100.

13 Insider Tips To Take Your Real Estate Game To Another Level

We Liked this Article and Wanted to Share

Despite the fact that valuations have increased while cap rates have been compressed, industrial/logistics real estate remains attractive to investors.  With 56.8 million sq. ft. of industrial space absorbed nationwide during Q1 2018, the industrial vacancy rate dropped to 4.7 percent – a record low.  At 20/20 Foresight Executive Search, we have our finger on the pulse of activity in the commercial real estate sector and assist our clients in finding the ideal candidates to assist them as they grow and thrive.  For more information on our executive search services in real estate and financial services, contact us at www.2020-4.com or 708-246-2100.

Investors Still Can’t Get Enough of Industrial Properties, Experts Say

We Liked this Article and Wanted to Share

Pension funds are looking for higher yields, according to the global Investment Intentions Survey 2018 co-published by Pension Real Estate Association.  It shows that “56 percent of global investors plan to increase their exposure to real estate over the next 24 months.”  If you want to be sure to have the right person in place to interact with pension funds and their representatives, we can help.  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 646-873-6890.

Pension Funds Hunt for Higher Yields in CRE

We Liked this Article and Wanted to Share

Cushman & Wakefield, a huge player in commercial real estate, has filed for an initial public offering.  Experts say the filing shows that the “company is betting on the continued growth of commercial real estate around the world and greater participation from institutional investors in the property market.” If you’re in agreement on growth in the sector, we are here to find the right professionals to add to your firm.  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 646-873-6890.

One of the world's largest commercial-real-estate companies is going public

THE PERILS, PITFALLS AND POSITIVES OF SOCIAL MEDIA ENGAGEMENT FOR JOB CANDIDATES

Reid Behrens, Senior Principal, 20/20 Foresight

Taking our cue from our clients, professionals who have career aspirations are told by our consultants to consider how sharing their personal lives, opinions and random thoughts on social media may affect their professional life and career path.  After all, seemingly bright futures have flickered to darkness because of incivility in tweets or posts on social media platforms. 

The Survey Says…

According to a survey in 2017 by CareerBuilder, 70 percent of employers review social media presence to screen candidates before hiring. That’s a jump from 60 percent in 2016 and a mere 11 percent in 2006.

We have found that social media musings can come back to haunt even the most qualified job candidate.  Therefore, we counsel job candidates to review what’s on their social media sites and delete anything that could be deemed problematic and to post only positive or good news during the hiring process. 

Because we realize going completely dark by deleting accounts might raise red flags with employers, we also advise candidates to keep a presence, but make sure nothing written could reflect poorly on him or her.  Our counsel is backed up by that CareerBuilder survey which also revealed that 57 percent of employers are less likely to interview a candidate if he or she has no online presence.

We’ve discussed with candidates the fact that in today’s politically polarized and increasingly uncivil atmosphere, any post or comment perceived to be offensive, be it political, religious or racial in nature, can derail an otherwise positive job candidate’s trajectory.

Benefit vs. Risks of Social Media

As you are well aware, with hundreds of thousands of resumes posted online from which to choose, any negativity on social media can land a job candidate’s resume in the circular file.  With this in mind, we ask candidates to weigh the benefits vs. risk of moving up the career ladder for the pleasure of debating politics with far-flung “friends” they haven’t seen since 6th grade or have never met in person.

The CareerBuilder survey also showed that concerns raised as a result of reviewing social media caused 54 percent of employers to decide not to go forward with a job candidate.  The three most cited reasons were:

·       Provocative or inappropriate photographs, videos or information;

·       Disclosures about the candidate drinking or using drugs; and

·       Discriminatory comments related to race, gender or religion.

People published a real life example of a candidate getting fired before being hired. According to the magazine, a job candidate was informed that he’d been hired pending a drug test.  Within 20 minutes of getting the good news, an employee at the hiring company saw this post on Facebook from the new “hire”: “S***! Anyone know how to pass a drug test in 24 hours?!”

Just as we -- and most employers -- use background checks to get a fuller assessment of a job candidate than what is revealed through a resume or interviews, social media screening is another tool to determine whether a candidate should be hired.  And, unlike criminal background checks, employers can research a job applicant’s social media profile without making the applicant aware

According to the results of a 2016 survey by the Society for Human Resource Management (SHRM), the top four reasons why HR professionals said they use social media screening in evaluating job candidates were:

·       The ability to gather more information on a candidate than would be provided by a traditional resume and cover letter;

·       To verify information in a resume and cover letter;

·       Social media sites were included in the resume; and

·       The time and effort expended is outweighed by the information gained.

On a positive note, we let candidates know that if done right, cultivating an online presence also can lead to an offer if a candidate posts with the intention of getting a job she or he wants in mind. In fact, the CareerBuilder survey showed 44 percent of HR professionals have found posts or comments on a candidate’s social media site that resulted in them hiring the candidate. What was on social media that had a positive influence?  The top four were:

·       A candidate's background information supported their professional qualifications;

·       Great communication skills

·       A professional image; and

·       Creativity.

In addition to counseling job seekers to review their social media presence, we also tell them to do internet searches of their name using two or more search engines.  We do that because candidates might be unaware of a social media site that was created as a practical joke or personal attack and could contain entirely false information.  There also is the chance that there is more than one person with the same name in the same industry whose background might not be as positive.  In our opinion, it’s better to know that going in, so it can be handled proactively.

If you're interested in learning more about how we research and vet candidates for our clients or any other information on our executive search services in real estate and financial services, contact 20/20 Foresight at www.2020-4.com or 646-873-6890.

We Liked this Article and Wanted to Share

It’s no secret that real estate investors are “making big bets that industrial properties will keep gaining as retailers focus on their online operations.”  If you’re an executive in industrial real estate looking to fill key roles, our consultants are tuned into the marketplace and can help you find the professionals that will be invaluable as you determine where to invest.  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 708-246-2100.

Property Investors Vote on Future of Retail With Their Dollars

We Liked this Article and Wanted to Share

Some of the key issues discussed during presentations at the annual REIT Week investor conference included analyzing warehouse data, finding yield through new avenues and shifting real estate investment strategies.  If you’re looking for the right people with expertise in these areas to add to your team, the 20/20 Foresight Executive Search team can help.  For more information on our executive search services in real estate and financial services, contact us at www.2020-4.com or 646-873-6890.

Five Takeaways from Nareit’s REIT Week 2018

We Liked this Article and Wanted to Share

For the first time since tracking began in 2000, U.S. employers had more job openings than there were job seekers in April.  According to the Wall Street Journal, “U.S. job openings rose to a seasonally adjusted 6.7 million at the end of April, a record high, and more than the 6.3 million Americans who were unemployed during the month.”  Dealing with a historically tight labor market can be challenging for employers.  Our consultants are available to assist you in finding the ideal candidate.  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight Executive Search at www.2020-4.com or 708-246-2100.

American Job Openings Now Outnumber the Jobless

We Liked this Article and Wanted to Share

In this article, Spencer Levy, the head of Americas research at commercial real estate services firm CBRE, says he’s not one to offer stock picking advice, but he does have opinions when it comes to his favorite sectors among public and private REITs. On top of his list are industrial and multifamily, with retail at the bottom. Where so you fall and how does that affect your hiring decisions?  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight at www.2020-4.com or 646-873-6890.

CBRE’s Head of Americas Research Offers a Contrarian View on Retail REITs

We Liked this Article and Wanted to Share

Several large proposed REIT mergers were announced during the first quarter with pundits opining the activity isn't over.  Will mergers -- small or large -- affect your business and its human capital needs?  For more information on our executive search services in real estate and financial services, contact 20/20 Foresight at www.2020-4.com or 708-246-2100.

The Time May Be Right for More M&A in the REIT Sector, Analysts Say