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[{"id": "hkqoyc7", "text": "Depends on asset class, location, and team. Bad team = bad time.", "replies": [{"id": "hkqr2bk", "text": "I\u2019m at Berkadia and we do loan management for all kinds of asset classes (commercial, apartment, hotels, senior housing)", "replies": [], "depth": 2}, {"id": "hktm86e", "text": "Bad team = SHIT time. \n\nLook around for a senior broker who genuinely wants to cultivate you and support your growth. Not all of them do in this business, and you should definitely note red flags. First impressions can be false sometimes, but trust your gut. \n\nIf you don\u2019t think things are moving along (at no fault of your own, ofc) after 6-8 months, re-evaluate if there is potentially a better team elsewhere in your market.\n\nTeams in this business are like firms. Find the one that suits you best, but put effort into your selection and hustle wherever you do decide to go. Give them no reason to fault you. \n\nBut at the end of the day, the team is absolutely key to your enjoyment and success in the business. \n\nThat being said, if that team is at CBRE, go there. If it\u2019s at a smaller local brokerage, go there. \n\nOften the bigger firms had the shittier teams/people on average due to the corporate hierarchy overpowering you with ego. Could be completely different for you and your makers though. \n\nAlso they should work a market that you could enjoy learning and mastering, because you\u2019ll be spending your life mastering those markets/assets.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hkqu2jw", "text": "Depends on what you're looking to do and how you want to advance your career as well as your location, like u/zagfan10 said. \n\nHines, Tishman Spier, CBRE, JLL, Cushman Wakefield all are good CRE firms, just depends on what you want to do.", "replies": [{"id": "hkr6pxm", "text": "How about Berkadia?", "replies": [{"id": "hkr7d2d", "text": "I had to google them as I had never heard of them. I will say that I am in the CRE field on the property management side of things as well as a private investor (smaller scale). Because I had never heard of Berkadia, I reiterated that it depends on what you're looking to do. The CRE field has many options, lending, PM, Asset Management, Engineering, Design, Facilities, Analyst, Leasing, Marketing. Specifics are helpful.", "replies": [{"id": "hkr7yau", "text": "Well I am interested in asset management as I think this is a skill that could be transferable to a different industry if I get burnt out from CRE. What do you think? What is the most transferable skill?", "replies": [{"id": "hl6cmrv", "text": "Work with a special servicer in a down cycle, use that knowledge to allow you to go anywhere on the asset management side. You learn the most in down cycles, and it is on the horizon.", "replies": [{"id": "hl6dl7u", "text": "Do down cycles mean layoffs ? I want security", "replies": [{"id": "hl6mxxj", "text": "In a down cycle, meaning when people are losing their asses, that is when the special servicers who bought the riskiest tranche take back their assets.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "hks6d0r", "text": "Berkadia is a massive real estate transactional services company with a primary focus on the multi family industry. It\u2019s a Berkshire Hathaway company. Great debt shop, ok investment sales but getting better with the acquisition of Moran earlier this year", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hkquq0f", "text": "Berkadia is a great firm to work for and a great name to have on your resume. If you want to stay in multifamily the only other firm that I view as competitive in the space is Walker and Dunlop. You\u2019re in a great place the start your career good luck!", "replies": [], "depth": 1}, {"id": "hkr1b8a", "text": "If your dad works at CBRE or JLL you should be fine. If not don't count on it", "replies": [{"id": "hkr73y0", "text": "So it\u2019s like trying to get into Google as far as competition goes?", "replies": [{"id": "hkra9cq", "text": "I prefer my boutique brokerage. CBRE was literally just father son teams when I was there. They get more tenant reps but they are limited by not always being able to take every listing (under a certain $ they simply dont make money). I can take literally anything &amp; everything because our overhead and staffing costs are so much less. It really depends if you or the companys name is doing more of the work.", "replies": [{"id": "hkrcpml", "text": "Whats a \u201cboutique\u201d brokerage?", "replies": [{"id": "hkrgnq4", "text": "A small localized firm compared to a large multinational firm. We focus on class B &amp; C assets.", "replies": [{"id": "hkrhoho", "text": "Do you think I will be able to find a position for Disney? They have some real estate related jobs.", "replies": [{"id": "hkri9qj", "text": "Maybe if you start as an assistant to the RE director. Those types of positions are almost always promotions to people in house. Find an asset class you're good at and kill it, it's that easy. You should expect to make about 10,000 cold calls a year.", "replies": [{"id": "hkrkylk", "text": "What do you think is a stable or growing asset class?", "replies": [{"id": "hkry7sy", "text": "Multifamily/Industrial for certainty. There's money to be made in every class don't get me wrong but at the moment the need for housing and transition from brick and mortar retail to online keeps both MF and industrial class on fire.", "replies": [], "depth": 9}], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hkrbcvz", "text": "What do you do currently (scope, market, asset class, team)?\n\nWhat do you want to do short, medium, and long term?\n\nWhat is your background professionally and education?", "replies": [{"id": "hkrcuzf", "text": "I\u2019m currently asset and loan surveillance. I oversee CMBS for investors and big banks.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hkrcw3v", "text": "You are an analyst or in sales? Cbre is mostly a sales track for entry level analysts unless you are on the capital markets or cbre investors track. You will need to be related to a broker or have gone to usc to play here. Jll has an opening for a capital markets debt and equity position in Los Angeles if you know Argus. And a portfolio services position if you know costar and excel. \n\nIn this business your personal network is probably more important than the company you worked for. People jump around a lot but I suppose getting cbre on your resume early may open some more doors. \n\nNewmark has some openings for underwriters. If you work for Kevin Shannon that is the top.", "replies": [{"id": "hkreuib", "text": "I am just an analyst and not interested in sales. Where can I go? I\u2019m thinking asset or portfolio management or something.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hks1cy9", "text": "Pick a smaller company that has a mentor that once to actually help you", "replies": [], "depth": 1}, {"id": "hl6cd6u", "text": "With a background in lending, look at LNR Partners as that is a good place to be in a down cycle. \n\nFigure out which asset class excites you the most, and make that a point of emphasis for following in your local market.", "replies": [{"id": "hl6dhwi", "text": "Does Disney have any opportunity for real estate? That\u2019s my dream company but not really interested in financial analyst stuff", "replies": [{"id": "hl6mr3z", "text": "I am unsure, I am sure they have a RE division.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hl6n79h", "text": "Also another option is to work in the capital markets department of either private equity or a publicly traded company. That is a good way to parlay your skills learned at Berkadia. Look at Northmarq, that could be a cool place for you.", "replies": [{"id": "hl6pnd1", "text": "How long should I stay at my current job? 1 year? 2 years?", "replies": [], "depth": 2}], "depth": 1}]