VP, Development and Investment, Multi-Product

Company: CBRE Group, Inc.
Location: Newport Beach
Posted on: March 30, 2021

Job Description:

VP, Development and Investment, Multi-Product JOB SUMMARY

Responsible for coordination of acquisition and development analysis and due diligence activities. Manages through coordination of construction manager, property managers, city officials, consultants, leasing teams, and tenants. Responsible for development of business plans for operating assets, including determining budgeted market rents, assisting in sourcing capital for investments and working with lenders and partners to capitalize projects. Conducts asset management of value-added assets (i.e., non-stabilized) in business unit.


ESSENTIAL DUTIES AND RESPONSIBILITIES

Responsible for coordination and oversight of acquisitions and development analysis and due diligence activities. Manages customer service through coordination of construction and property managers, city officials, consultants, leasing teams and tenants.

Assists in sourcing debt and equity capital for projects, including production of capital requests and participation in presentations to capital as well as TCC investment committee. Gathers proposed terms from a variety of debt and equity sources to be used in determining optimal capital structure for project.

Serves as asset manager for value-added (i.e., non-stabilized) assets in business unit portfolio, including negotiation of leases, administration of project loan issues pertaining to property operations, directing property managers and leasing agents, communication and strategizing with capital partners, and working with business unit principals and investment sale brokers at time of monetization.

Responsible for development of business plans for operating assets, including determination of budgeted market rents and lease structures, operating expenses, capital budgets, etc.

Retains/expands business by dealing effectively with major customers through delivery of targeted, cost effective projects.


Assists in new business pursuits.

Other duties may be assigned.


SUPERVISORY RESPONSIBILITIES

Manages the planning, organization, and controls for a major project, functional area, or department. May be responsible for a mix of direct and matrix reports. Recommends recruitment, selection, promotion, advancement, corrective action, and termination of direct reports to next level management for approval. Monitors appropriate staffing levels and reports on utilization and deployment of human resources. Leads and supports staff in areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising and rewarding performance and retention. Leads by example and models behaviors that are consistent with the company's values.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


EDUCATION and EXPERIENCE

Bachelor's degree in business, engineering, or architecture from an appropriate 4-year college program (Law degree or MBA preferred). Typically at least 6 years minimum experience in commercial real estate with strong financial or marketing orientation.


CERTIFICATES and/or LICENSES

None


COMMUNICATION SKILLS

Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, client groups, sellers, and lenders of real estate to take desired action.


FINANCIAL KNOWLEDGE

Requires in-depth knowledge of financial and real estate terms and principles. Reviews complex financial/business analysis and reports prepared by subordinates. Ability to analyze the most complex business/financial data and develop innovative solutions. Develops and implements financial policies and procedures. Approves and oversees project budget.


REASONING ABILITY

Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions. Draws upon the analysis of others and makes recommendations that have a direct impact on the company.


SCOPE OF RESPONSIBILITY

Decisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve complex results. Responsible for setting project, department and/or division deadlines. Errors in judgment may cause long-term impact to line of business and/or overall company. WHO WE ARE: Trammell Crow Company provides best-in-class development services to real estate occupiers and investors. Founded in 1948, Trammell Crow Company (TCC) has developed or acquired more than 2,700 buildings totaling 590 million square feet with a value of over $65 billion. With professionals in 18 major U.S. cities and the U.K., we serve occupiers and investors in office, industrial, retail, healthcare, mixed-use and multi-family residential properties. TCC is the largest commercial real estate developer in the U.S. with $13.7 billion in active projects in process, and an additional $6.1 billion in the pipeline as of-- June 30, 2020 . The company acquires premier sites in the most desirable markets, procures optimal entitlements, and directs the design, construction and leasing of assets. TCC builds sustainable properties that generate long-term economic benefits through timeless design, superior functionality, and smart technology. Every development is rigorously vetted by our investment committee, and the company employs a conservative capital structure to mitigate risk. As an independently operated subsidiary of CBRE, the world's largest real estate services firm, TCC enjoys ready access to the nation's top project execution teams and transaction advisors; the industry's strongest balance sheet; an unparalleled technology platform; and world-class proprietary research. US Company Profile About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. My Profile Create and manage profiles for future opportunities.

Keywords: CBRE Group, Inc., Newport Beach , VP, Development and Investment, Multi-Product, Executive , Newport Beach, California