Description
Note: The preferred locations are Chicago, Secaucus, Dallas, Washington DC and Atlanta, however we are willing to consider candidates from all US locations.
Position Summary:
Position Summary:
This role is responsible on multiple area levels for recommending and implementing strategic and comprehensive real estate services in support of the firm’s business activities. Activities include responsibility for benchmarking and monitoring real estate process guidelines and tools to be used on a national basis, as well as real estate portfolio management, acquisition and disposition of office space, implementation of firm workplace standards, lease administration, sublease administration, management of design and construction services, and portfolio benchmarking. The challenges in this role are complex and require a mastery inmost facets of real estate services.
Essential Functions of the Job:
- Recommends the strategic development of multiple area plans for acquisition and disposition of office space, including lease renewal, reconfiguration, renegotiation, and relocation. Strategies typically involve a portfolio of 1+ million square feet with annual rents of $35 million and project budgets of $10+ million.
- Proactively managing the firm’s real estate portfolio in multiple areas, including benchmarking space usage against firm guidelines, recommending strategies to redeploy underutilized assets, and recommending strategies to take advantage of unique market conditions.
- Negotiates and coordinates legal review of all leases. Identifies surplus real estate assets and develops strategies for disposition, including subleasing, renegotiating lease terms, early terminations, lease assignments or landlord recaptures. Manages construction of leasehold improvements and then oversees sublease administration and rent collection.
- Recommends improvement to firm metrics and implements workplace model (standards). Teams with design firms, Enterprise Support Services (ESS and IT to develop efficient space plans and maximize space utilization.
- Provides recommendations for workplace standards. Performs post occupancy evaluations and leads post occupancy project reviews.
- Manages multiple areas' occupancy costs by negotiating competitive lease agreements with beneficial rental rates, manage project costs and capital expenditures. Recommends capital expenditure budgets and project costs.
- Maintains project timeliness, proactively monitors lease requirements and timing of projects. Responsible for making certain that staff and outside vendors are able to perform tasks in timely fashion. Monitors lease expiration dates and timely completion of all projects
- Recommends selection of new office space, including subjective and financial analysis of alternative locations, negotiation of business terms legal terms, development and coordination of the approval process, and management of and responsibility for the design, construction and move process.
- Manages business relationships in compliance with firm procurement and independence policies. Recommends and implements programs to improve the quality of the procurement process for capital improvement projects.
- Recommends implements and maintains best in class real estate implementation process.
- Recommends and implements strategies to establish and maintain national relationships with key service providers. On-going management of these relationships include brokers, attorneys, architects, project managers, contractors, and furniture and material providers, in compliance with firm's procurement and independence policies. Encourage new thinking in the firm and support innovative strategies promoting the management of efficient and effective learning processes.
- Key communicator and liaison between Director Real Estate Services and local/area leadership in regards to real estate management. Establishes weekly, monthly and yearly reviews of area real estate portfolio. Keeps all parties abreast of the latest standards and real estate requirements.
- Lead internal groups and outside vendors for successful management of all real estate projects and processes. Assists in developing and leading key initiatives for department to improve process, reduce occupancy cost and maximize space utilization.
- Performs miscellaneous real estate services as requested by the firm’s business unit leaders.
Analytical/Decision Making Responsibilities:
Development and interpretation of office staffing requirements; financial and business use analysis of competing locations; analysis of, and recommendation regarding financial and nonfinancial business critical factors in property selection.
Knowledge and Skills Requirements:
- Financial analysis, real estate and project management skills required
- Team building skills
- Strong negotiation skills
- Ability to manage multiple projects simultaneously
Supervision Responsibilities:
- Ensures the training and development of staff members to augment their skills and maintain state-of-the-art knowledge in their area of responsibility.
- Directs staff members directly or indirectly in the performance of their responsibilities and in the development, implementation and support of applications to meet the client’s business requirements.
- Responsibility for the selection and performance management of team members.
Other Requirements:
Travel required as needed for assigned projects.
Job Requirements:
Education:
Advanced degree in related field or equivalent work experience.
Experience:
12 years in corporate real estate management
Job Function
Not specified
Job Sector
Not specified
Experience
10+ to 15 years
This job is no longer active.