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SVP - Development & Investment - Trammell Crow Company

Company: CBRE
Location: Newark
Posted on: May 22, 2023

Job Description:

SVP - Development & Investment - Trammell Crow Company

Job ID

114660

Posted

24-Apr-2023

Service line

REI Segment

Role type

Full-time

Areas of Interest

Development

Location(s)

Newark - New Jersey - United States of America, Philadelphia - Pennsylvania - United States of America, Trenton - New Jersey - United States of America

About Trammell Crow Company

At Trammell Crow Company, we create the buildings of tomorrow, so our clients and communities thrive today. At our core, we are creators who bring local ingenuity and global vision to everything we build. From our unique ability to transform spaces into places, to our resourcefulness in meeting the diverse needs of businesses and investors, our performance is powered by inventive teams with an entrepreneurial mindset.

When you join TCC, you are joining a dedicated team of people who are committed to upholding our RISE (Respect, Integrity, Service, Excellence) Values. Our RISE values fuel our mission for a diverse, equitable, and inclusive workplace so our people, our business partners and the communities in which we build: thrive. TCC's performance is powered by our most powerful asset-our people. Comprised of teams possessing passion, innovation, and a visible culture of excellence, we are actively seeking talent with diverse backgrounds and experiences across all industries to apply for open positions.

Job summary
Accountable for the sourcing, underwriting and execution of development and investment transactions within assigned Business Unit, including site selection, securing entitlements and approvals, budgeting, design, crafting and implementing project business plan, capitalizing and monetizing of project, usually under direction of principal-level colleague and in conjunction with development management professionals. Coordinate asset management of assigned portfolio of assets.

This role will focus on driving Industrial development opportunities for the New Jersey market.

Essential duties and responsibilities
Responsible for identification and gaining control of new business opportunities.

Underwriting of the new opportunities and execution of development and investment transactions.

Negotiates proposed deal terms from various debt and equity sources for purposes of determining optimal capital structure.

Builds and implements project business plan, including hiring of project leasing and property management teams, determining project operating budgets, negotiating major leases, supervising other team members' negotiations, etc.

Interacts with capital partners on day-to-day communications regarding project progress.

Develops relationships with and regularly connect with other market participants (investors, brokers, tenants, lenders, engineers, appraisers, etc.) to maintain up-to-the minute knowledge of market conditions and opportunities.

Regularly reviews all the asset management system (ELITE) information on assigned project to ensure completeness and accuracy of data.

Other duties may be assigned.

Supervisory responsibilities

Handles 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 perform each crucial 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 8-10 years proven experience in commercial real estate with strong financial and marketing orientation. Should also have a demonstrated ability to lead profitable development projects.

Communication skills

Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most critical 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 empower 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. Approves and coordinates project/department or division budget.

Reasoning ability

Ability to solve sophisticated problems and explore 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 timeline goals. Errors in judgment may cause long-term impact to line of business and/or overall company. Responsible for all project-related business decisions.

CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.

Trammell Crow

When you're a part of Trammell Crow Company, a global commercial real estate development company, you're a part of a team that brings local ingenuity and global vision to everything we build. From Labs in Boston to Logistics in Prague to homes in Houston, we transform spaces into places, changing the way people and places connect.

With the spirit of entrepreneurship, innovation, and collaboration at our core, our people are committed to upholding our RISE (Respect, Integrity, Service, Excellence) Values. This drives our mission for a diverse, equitable, and inclusive workplace so business and communities thrive.

Trammell Crow Company's performance is fueled by our most powerful asset-our people. Comprised of teams possessing passion, innovation, and a visible culture of excellence, we welcome talent with diverse backgrounds and experiences across industries to apply for open positions.

Find out more

Keywords: CBRE, Newark , SVP - Development & Investment - Trammell Crow Company, Other , Newark, New Jersey

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