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Senior Associate / Vice President, Development

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Newport Beach
 CA
Postal Code
92660
Country
United States

This job is no longer active.

Description


Position Overview

The Newport Beach office focuses on acquisitions, development, and asset management for industrial real estate across various funds. The West Coast development team currently has 25 active deals in the pipeline spanning all primary coastal markets (Seattle, Portland, Bay Area, SoCal).  The buildable square footage owned or under control is approximately 9.2M in total, with fully stabilized costs anticipated more than $2.4B.  Most developments are still early in the entitlement process, and this individual will be expected to immediately manage at least 3-5 of these projects, depending upon their level of experience.

 

This Senior Associate / Vice President, Development will be a key player in helping to manage and execute development functions and projects for Ares’ West Coast industrial portfolio. This leader will be “boots on the ground” partnering with both internal and external development management teams and overseeing Project Managers, Coordinators, Contractors, Architects, Engineers, and Consultants on assigned projects throughout the territory. 

 

In addition, this team member will support the Principal of Development, and the Acquisitions team on development opportunities and will be responsible for entitlement analysis and procurement.  He/she will have oversight of third-party Development Managers and will also be responsible for directing Design Consultants, contract preparation and management, project scheduling, and document and budget management.  The Senior Associate / Vice President, Development will also collaborate with other key members on land acquisitions, legal, finance, due diligence, and budgeting new development and redevelopments.

 

Essential Job Duties

  • Assist the Acquisitions team in sourcing development opportunities.
  • Assist team in site and building design, layout, and specifications.
  • Work with all municipal and government agencies to obtain necessary development entitlements.
  • Assist with the initial land purchase, structuring, documenting, due diligence, and closing.
  • Select and contract for development management team.
  • Oversight of the selected Development Manager, Architects, Civil Engineer, and other professional team members.
  • Oversee and manage third party service providers.
  • Assist in the production of the Investment Committee and Board Memos including due diligence review of plans and specs, geotechnical report, environmental traffic studies, entitlements, and cost estimates.
  • Manage all contracts and other required documents.
  • Organize, review, and approve all plans and specifications.
  • Create and manage milestone schedules for entitlement and construction.
  • Ensure all pre-construction requirements are in place such as the construction loan, insurance, bonds, , and notice to proceed.
  • Attend design meetings and job site meetings.
  • Work with title companies and municipalities to process easements, dedications, maps, and other various land instruments.
  • Manage all budgets and proformas.
  • Review and approve the draw requests.
  • Review and approve onsite performance of construction quality, schedule adherence, and design conformity.
  • Review and approve all changes in the scope of work.
  • Interface with all internal departments for integration of project into the system such as Acquisitions, Accounting, Finance, Legal, Due Diligence, and Asset Management.
  • Manage the transition of completed projects to Asset Management.
  • Manage the closing of all projects including securing all required closing deliverables such as architects notice of substantial completion, final payments, unconditional lien waivers, certificate of occupancy’s, and all other completion and closing documents.
  • Assist with warrantee issues.

Required Knowledge, Skills and Abilities

  • Bachelor’s degree or equivalent experience.
  • 5+ years of experience in real estate development or construction management. Ideal candidate will be an experienced and proven project management professional with an established track record of success; experience with CEQA is a plus.
  • Experience in concrete tilt-up industrial product is preferred.
  • Knowledge of local and national building codes and processes that affect design and construction required.
  • Demonstrated leadership, coaching, and mentoring capabilities.
  • Ability to motivate, mentor, and communicate well with employees, customers, and other outside contacts.
  • Proficiency in Microsoft Office and Microsoft Project; or other scheduling software.
  • Experience in ACAD, Bluebeam, or drawing software preferred.
  • Confidence to work independently yet within a highly collaborative environment.
  • Excellent technical, analytical, organizational, and communication skills.
  • Knowledge of business and management principles involved in strategic planning, resource allocation, and coordination of people and resources.
  • Excellent organizational skills including strong follow-through and multi-tasking skills within a fast-paced environment.
  • Ability to travel 25%+.

Job Function


 

Job Sector


 

Experience


5+ to 7 years


This job is no longer active.

Development Industrial Newport Beach Full Time CA Development Affordable Property Developer other