Firms that have been “eternally” looking to fill a position….

In honor of C.R.E. Shervin's brilliant reply to the DLC Mgmt thread -

www.wallstreetoasis.com/forums/dlc-management -

I noticed through my years of browsing career websites, like Select Leaders or Indeed, that there is a significant amount of companies that are always marketing an "available opportunity".

Are they truly looking to fill the role, and just have been very selective throughout the process? Or are they just posting ads up for shits and giggles? Let's try to create a comprehensive list:

-NYCEDC (the worst fucking offender, economic empowerment my ass)
-CPPIB
-Clarion Partners (asset mgmt. role)
-DLC Management (see above)

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Comments (80)

Jul 24, 2018

Mapletree Investments

Arbor Realty Trust

Townhouse Partners

MOVO Capital

Industry City

NYU Health Centers

    • 1
Jul 25, 2018
cre_questions:

Mapletree Investments

I give these clowns credit. They are always looking for an asset management analyst, however, they at least have the common courtesy to occasionally change the title role, reflecting a few asset classes, i.e. multifamily, industrial, etc.

cre_questions:

Townhouse Partners

Avoid like the plague!

Jul 25, 2018
    • 3
Feb 8, 2019

Why is Townhouse that bad? Thought about applying there a while back.

Jul 27, 2018
cre_questions:

Mapletree Investments

Speaking of the devil:

www.linkedin.com/jobs/view/625842590/

At this point, I honestly think that they are just spamming.......

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Jul 27, 2018

No joke when I applied to that job I got an email begging me to withdraw my app for being too qualified. Never seen that before:

"By way of introduction, I am from Mapletree's Group Recruitment team.

**** We have received your application for Senior / Analyst, Asset Management role. Thank you for your interest in Mapletree.

Do you have any experience in performing financial modelling for property assets? Could you share with me your reason for looking out for job opportunities.

Please share with me your expected salary for this role.

Are you eligible to work in US? If yes, do you require work permit/visa to work in US?

Just to highlight, this role is more of a back-end support of asset management which is focused on mainly on financial modeling / preparing approval papers / handling paperwork / checking invoices of property managers and monitoring of the property managers work.

With that being said, will you still be keen in this role?"

Jul 24, 2018

Capital One
Industry City
Clarion Partners
Moody's
Townhouse Partners

    • 1
Jul 25, 2018
NYYCRE:

Moody's

Missed this..... I am going to put bleach in my eyes next time I see their numbering system -
Associate Analyst 1, Associate Analyst 2, Associate Analyst -9.7315, etc.

    • 1
Funniest
Jul 25, 2018

Analyst Baa3

    • 5
Jul 25, 2018

Capital one hire pretty fast, their head of capital market is from Freddie Mac

Jul 25, 2018

yes they do, they have a ton of openings and so many different departments or groups within CRE. I got the whole rundown while interviewing with them. Pay pretty well too but I declined their offer.

Jul 25, 2018

Northmarq capital (dfw) has been re-posting the same analyst/associate role since January...

    • 2
Jul 25, 2018

You can add AIG to this list - while they are not a constant offender, it seems it takes them an average of 9-12 months to fill any position they plan to hire for.

    • 2
Jul 25, 2018

"I just heard back from AIG. They enjoyed meeting me at my interview last week, and now they want me to immediately come in for another round.", said No One Ever!

    • 4
Jul 25, 2018

this is correct. I've even followed up with MD's who liked me and must have got killed by HR.

My takeaway is that HR at huge companies suck

Feb 8, 2019
C.R.E. Shervin:

My takeaway is that HR at huge companies suck

I cannot emphasize this enough

Jul 25, 2018

Well this sucks to hear considering I had an in person with MD at AIG and said I should hear back for next round by early August. I guess I shouldn't get my hopes up lol

Jul 25, 2018

GhostedByAIG is the new #MeToo

    • 1
Aug 14, 2018

As I said above was told I'd hear back by early August.

Followed up with HR and she said hiring manager was traveling and she followed up with her and I should hear back end of week. That was last week and still nothing.

AIG strikes again!

    • 2
Jul 30, 2018

I had an in person plus excel test with AIGGRE for the Central region in April. I did not hear anything until last week when HR cc'd me on an email for Axiometrics access.

They mixed up candidates...

    • 1
Jul 31, 2018

Such a professional shop!

Jul 25, 2018

How can we forget WeWork.. add them to the list

Most Helpful
Jul 25, 2018

WeWork is a Ponzi - they are toast when all the free rent in their leases burns off. Also, no economic moat and few barriers to entry.

    • 4
Jul 27, 2018

They are eagerly waiting for your submission:

www.linkedin.com/jobs/view/724562267/

Aug 1, 2018

WeWork is going to get destroyed by all the Coworking management platforms launching. Owners are wising up and realizing that the existing Coworking platforms that lease space (none of which are credit tenants) bring no value and take all of the upside/creates competition. Why give WeWork $100 TI, market rent, and a 15 year lease (with a termination option at month 60) when owners can just hire a Coworking management company that offers the exact same services on behalf on the owner? The current coworking platforms are wrong about what the tenants desire. Normal market class A office space and flexibility at a reasonable price is what enterprise level tenants wants, not dogs and a $250/sf upfit at a huge premium.

    • 1
Aug 2, 2018

can you elaborate?

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Jul 25, 2018

Could it be that they are using the candidates to do "case studies" as free work?

    • 1
Jul 25, 2018

This is great insight. While I can't confirm this happens for real estate, at my previous career in equity research, I knew a true POS analyst who would have candidates build models without the intention of ever hiring them, and subsequently utilize or "steal" their work....

Jul 25, 2018

Someone posted about a Real Estate Debt Asset Management Role at a "prestigious Investment Bank", that's been open for more than a year and is continually recycled.

    • 1
Aug 1, 2018

Lol I had a phone interview for this one. It's at MS. The people on the team talk like they're reinventing how business is done and that HBR should be writing reviews on them. I'm pretty desperate to find a new gig but I had to hit them with a pass.

Aug 1, 2018

Haha that's hilarious. Not sure how you can reinvent debt asset management...I figured it was JPM based on how the posting was written.

Jul 25, 2018

I am tempted to put Related on this list, as they have always the same array of positions posted up for the last decade. However, I was once contacted by someone from HR, who had the same charisma and grace of a trailer park hag coming off a 4-day meth binge.

Let's not be selfish though, as we should also include our friends who are not located in the Northeast. Even though I don't have the slightest clue how World Class Capital got a hold of my spectacularly unimpressive resume, they occasionally hit me up for the same opportunity. Sounds like a wonderful place to work.....

    • 2
Jul 25, 2018

Lendlease always has a development associate/manager job up. I interviewed for it and after meeting those people I can see why they can't fill it.

    • 1
Jul 25, 2018

Surprising to hear....they did some great projects. Was the interviewing process a whole shitshow?

Jul 27, 2018

Yeah I was curious about this too LendLease is a huge name with serious pension fund money

Jul 27, 2018

Just a very bizarre experience.

1) Interviewer sat right next to me at a 10ft circular table so immediately off the bat it was weird talking to someone immediately next to me, not face to face

2) The guy was super serious without any emotion and avoided any small talk so I did my best to match his personality. At the very end he asked me why I wasn't more excited about the role.

3) Mentioned that there would be a lot of special tasks like web design, designing interiors for the new lendlease office space they were moving into, etc.

Additionally their corporate structure is very messy. They seem to have a lot of redundant business lines, people, titles.

I turned them down when they asked me to do a modeling test.

    • 2
Jul 27, 2018
BRE:

3) Mentioned that there would be a lot of special tasks like web design, designing interiors for the new lendlease office space they were moving into, etc.

DAFUK!

    • 1
Jul 25, 2018

Hunt Companies as well

Seems like they are searching for an Underwriting Analyst every month

    • 2
Jul 25, 2018

I see this exact posting all the time in my market.

Jul 27, 2018

Hunt is a shitshow.

Jul 27, 2018
maineiac42:

Hunt is a shitshow.

If it doesn't jeopardize your anonymity, can you please provide some further info on them? As NYCRE expressed above, their job postings return more often than genital warts.

    • 1
Jul 25, 2018

forgot to add Fortress Investment Group. Every time I turn around they are hiring for a acquisitions associate.

    • 2
Jul 25, 2018

These guys are toast when the cycle turns again. Can't go into specifics, but from what I've seen they are wayyy overextended on some seriously speculative stuff.

Jul 27, 2018

That sucks. I am sure they have some pretty talented people. funny story is I actually thought they were going to call me back. I did an application right after I graduated and like two days later I got a notification on linkedin that one of their senior guys looked at my page. I kept my phone in my hand for like 48 hours straight lol.

Jul 27, 2018

Do you think fortress would look good on a resume though?

Jul 27, 2018

Yes 100%.

Jul 27, 2018

Good to know, thanks!

Jul 27, 2018

Yes definitely. Big deals.

Aug 3, 2018

They always seem to have an opening for a commercial real estate analyst here in Dallas. They seem to cast a wide net of candidates they bring in, but ultimately they won't hire you unless you have an M7 MBA.

Jul 25, 2018

World Class Capital...end of sentence

    • 2
Jul 27, 2018

Robobank has been spamming me for over a year now to apply for an analyst position they haven't filled in almost 2 years

Wait you want someone fluent in financial modeling and 3 yrs of analyst experience but you're paying them less than they were making as a summer analyst?

What concert costs 45 cents? 50 Cent feat. Nickelback.

    • 1
Jul 27, 2018

Rabobank is Fortis lite.

    • 1
Jul 31, 2018

Industry City with there posting again..

This time now looking for a "Real Estate Reporting Associate"

Not sure what the deal is with them..

Jul 31, 2018

good idea for a post, i don't think i've ever seen this topic before

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    • 1
Jul 31, 2018

Houlihan Lokey FAS

Jul 31, 2018

Usually if company really want to hire someone, they post in CMAlert

Aug 1, 2018

are the postings on cmalert usually senior? or do they have analyst/associate level roles as well?

Aug 2, 2018

There are usually junior roles in the 2-7 year experience range.

Aug 2, 2018

do you have to pay the $6k or so per year for cmalert to be able to see these listings? thanks

Aug 2, 2018

Not if your company offer it for free, we get it every Friday in our email

Aug 1, 2018

Why do companies post job listings with no intention to hire?

Aug 1, 2018

Anyone have any experience with DLC?

Whats the the general industry view of them?

Aug 2, 2018

At this point, I am sincerely wondering if this organization is an offshoot of the Peoples Temple:

www.selectleaders.com/job/57247/associate-real-est...

I am way too much of an egotistical and selfish asshole to work in the public sector, but part of me just wants to apply, so I can see if they try to force me to drink the "fruit punch" during my interview.

Aug 2, 2018
Kurtis Blow:

I am way too much of an egotistical and selfish asshole to work in the public sector, but part of me just wants to apply, so I can see if they try to force me to drink the "fruit punch" during my interview.

Well, for what it's worth, the networking you do at those agencies is incredible. Far better than anywhere in the private sector. You have tons of reputable firms coming to you. You work closely with PMs and often very senior folks on the private side, because you control things they need, be it subsidy, approvals, debt, etc. You get a real opportunity to show off your intelligence and work if you have the drive to. Think about the average public or semi-public agency; most of the employees are lifers or are on the 9-5 schedule. You go in there and bust ass for 2 years and you can really distinguish yourself, and you can transition easily because you've already interacted with, and impressed, all the people making hiring decisions.

It's a lot easier than breaking into a PM role at a development shop, or even moving from one to another, higher position. If you work at some random development or brokerage company, the firm your joining trusts you because you've cut your teeth at a reputable firm. In these cases (and I've seen dozens of agency PMs get hired to lucrative development positions), you've actually done work with, or for, the company in question, and already helped them make money/are familiar with pieces of their portfolio. There's a huge value there. And if you're getting paid 70,000/yr instead of 85,000? I don't know, but the opportunity to skip a couple steps on the ladder in return for some foregone earnings seems worth it.

Seth Pinsky is an extreme example but he went from NYCEDC to a pretty senior position at RXR. Mathew Wambua started a debt funding platform at the Richman Group after leaving HPD. Not saying that going that senior is typical, but there are real exit opportunities from these places.

Aug 3, 2018

Seth was at EDC for 10 years I think. For places like EDC, Freddie Mac etc- I can see a particular type of person staying there for 10, 20 or 30 years. For some I would say its a fit and for some it is not, it just depends I guess.

Aug 3, 2018

Yeah I'm not saying its the best of all possible routes, nor that everyone will be placed in an executive role at a big shop after spending 6 months in the public sector. But government service gets routinely dismissed as "lesser" than working in the private sector. Just trying to point out that there are real advantages to working in federal/state/city agencies that often get overlooked, and plenty of success stories of people who transitioned from those roles into lucrative and interesting private sector roles.

Aug 6, 2018

this is a good point. I had a friend work for one of the city development groups, is now at a large and very prestigious firm. But she got there with a Colombia MBA and a MS from Shack

Aug 3, 2018

Today's CMAlert has job postings for both analyst and associate positions, anyone seeking job should look at CMAlert

Aug 3, 2018

There's a firm on SelectLeaders I've noticed called Fifteen Group that I think posts on a monthly basis. For big firms I get it, but a smaller firm?

Aug 3, 2018

What is the negative connotation with posting alot? No deal flow? Tough work environment? Poor exit opportunities? Turnover?

Could it also be that a firm is in a shitty location and its hard to attract talent there?

I'm new to the CRE industry so I'm just trying to wrap my head around this.

Aug 6, 2018

These assholes are at it again:

www.linkedin.com/jobs/view/785156193/

Aug 6, 2018

what makes them assholes, I have NEVER seen a posting from them. maybe I'm just not in the know

Aug 6, 2018

I'm surprised.... this role and the VP position bump up every 2 months...

Aug 13, 2018

Did a Ctrl F here and didn't find one that I've noticed so figured I would add. Cushman's New York office has been looking for an Analyst on LinkedIn all summer. Seems like a blackhole... Don't waste your time.

Aug 13, 2018

Yeah this ones popping up everyday.

Let's be real.. no one is getting in on a Cushman NYC IS deal team by applying online.

Feb 8, 2019

Castellan Partners in NYC is at it again looking for an Analyst..

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