The Hottest Openings; Insightful Commentary

We have recently dealt with clients who included a requirement that a new recruit sign a broad-gauged “non-compete” agreement as a part of the hiring process, which essentially precluded the individual from working in their area of expertise for one year. In two of these assignments, which involved mid-level professionals in public and private companies, this stipulation turned the recruiting process upside-down, and the candidates ultimately did not take the job (even when the requirement was taken off the table, in one case). Typically, non-compete agreements are more often utilized by service companies and brokerage firms, as well as for C-Suite executives who have significant equity packages. I am not here to question the enforceability of non-competes (many contend that they are actually unenforceable, especially in certain jurisdictions), but I can confirm that it may seriously compromise your ability to hire the candidate of your choice. Candidates asked to sign the clause may instead choose to remain in the market, competing head-to-head with you.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities JONES LANG LASALLE(NEW YORK CITY) Transaction Manager The hire will report to the retail program manager, who is responsible for providing transaction and project management services to a major client. The hire will also coordinate and manage lease transactions including client interface, landlord negotiations, lease negotiations and financial analysis for a geographically dispersed retail portfolio TIAA-CREF(NEWPORT, CA) Associate, RE Asset Management The hire will assist in asset managing real estate equity investments consisting of office, industrial, retail and multifamily located throughout the western US, and assist in negotiating leases with prospective tenants as well as develop strategies and budgets for leasing, marketing, annual operating expenses and capital improvements.ZIFF PROPERTIES, INC.(CHARLESTON, SC) Director of Construction The director of construction is a management level position, reporting to the director of development and supervising construction managers as they are hired. Want to continue reading? Become a Free ALM Digital Reader. Once you are an ALM digital member, you’ll receive: Unlimited access to GlobeSt and other free ALM publications Access to 15 years of GlobeSt archives Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications 1 free article* every 30 days across the ALM subscription network Exclusive discounts on ALM events and publications Register Now *May exclude premium content Already have an account? Sign In Now NOT FOR REPRINT © 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing. share on facebook share on twitter Trending Stories Interest Rates May Not Be High Enough: Vanguard Land Scarcity, High Construction Help Provide Buffer on this MF Asset How Dollar Strength Can Affect Industrial CRE ‘Upzoning’ & Affordable Housing: Correlation Does Not Equal Causation Minneapolis Most Searched Market for Fourth Month in a Row   Recommended Stories ICSC Las Vegas Kick Off: Unveiling the Latest Insights from Retail Powerhouses Natalie Dolce | April 22, 2024 The 2024 edition of the colossal ICSC Las Vegas convention is gearing up and GlobeSt.com chats with a few expert sources on their expectations and predictions for the show. Capital Constraints a 'Forced Pause' on Multifamily Development Jack Rogers | April 22, 2024 The withdrawal of traditional lenders from the market has coincided with a steep escalation of construction costs. Resource Center Guide Sponsored by HqO How to Develop a Real Estate Experience (REX) Strategy for Your Tenants Discover how to transform your real estate assets from mere spaces into vibrant experiences that captivate tenants -- and their employees -- to support engagement and retention. Browse More Resources › Guide Sponsored by Building Engines How to Choose the Right Building Operations Tech to Boost Your NOI Cementing your CRE portfolio’s long-term growth means assembling a great tech stack to support your goals. However, selecting the right solutions takes preparation and research. This guide outlines five areas of consideration to help you find the right fit. Browse More Resources › White Paper Sponsored by Placer Labs Inc. Office Recovery in Major Cities: Uncovering the State of Return to Office Discover the latest data-driven insights and trends in the state of office recovery post-COVID. Browse More Resources › GlobeSt Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now! Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Exclusive discounts on ALM and GlobeSt events. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Already have an account? Sign In Now Follow Us On About GlobeSt Contact Us Site Map Advertise With Us Asset & Logo Licensing Terms of Service Privacy Policy Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.