Provides ongoing management of real estate transaction activities for a defined portfolio of properties on behalf of our corporate clients. Prepares, recommends, and implements a portfolio-wide transaction strategy for acquiring and disposing of real estate properties. Builds, updates, and understands financial models and prepares presentations for senior management. Coordinates field resources and other stakeholders in the execution of lease renewals, new site acquisitions, disposition of surplus space through subleasing, sale renewals, early lease termination, and more.
Job Location: This position will ideally be based in New York City (remote until post-Covid TBD date). Alternatively, we may consider applicants who are remote on the East Coast but may not be performed in the State of Colorado.ESSENTIAL DUTIES AND RESPONSIBILITIES
Implements real estate plans with an understanding of the client's strategic real estate goals. Assists with project initiation and scope definition, prioritization of assignments, and adherence to client-driven priorities, commitments, and milestones.
Concurrently acts as landlord/seller agent and tenant/buyer agent and effectively negotiates the business terms and conditions for a wide variety of commercial real estate products, including land, office, retail and industrial.
Coordinates field broker selection and other required resources, subject matter experts, and business partners. If necessary, facilitates client review and approval of proposed team resources for the purpose of transaction execution.
Builds, updates and understands dynamic real estate financial models on both a cash and GAAP accounting basis utilizing client budgets, operating statements, leases, rent rolls, expense recovery reconciliations, capital budgets, and current market conditions to inform underwriting assumptions,
Strategizes with clients and team members to generate creative real estate occupancy alternatives based upon various scenario comparison analyses related to leasing acquisition and disposition strategies for individual real estate locations and markets.
Prepares and updates a variety of presentations to drive understanding and consensus at the senior executive level.
Drafts and creates a large variety of analyses and relevant documents, including but not limited to: project initiation, market comparable reports, Requests for Proposals (RFPs), proposal comparison packages, letters of intent, and broker's opinions of value.
Coordinates the negotiation of sales through a field broker. Negotiates leases and lease amendments. Monitors lease expirations. Negotiates lease renewals within the prescribed timeline. Locates and acquires new properties to meet the client's requirements and timeline. Disposes of surplus properties within the prescribed timeline.
Works closely with CBRE and/or client's Lease Administration, Project Management, Facility Management, and Finance/Accounting teams to ensure integration between the service lines.
Closely tracks all transaction activity (commissionable and non-commissionable), prepares commission forecasts and vouchers, and accounts for all savings results achieved on behalf of clients.
Monitors and maintains a real estate project tracking system to ensure timely transaction completion. Prepares reports and makes presentations to relevant parties.
Adheres to all state real estate agency requirements. Ensures compliance with CBRE's corporate policies as they relate to identifying and mitigating potential conflicts of interest.
Resolves landlord and tenant disputes. Other duties may be assigned.
No formal supervisory responsibilities in this position. Provides assistance and oversight such as technical guidance, and/or training to coworkers. May lead project teams and/or plan, and supervise assignments of lower level employees.
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 (BA/BS) from four-year college or university and a minimum of three to five years of related experience and/or training.
CERTIFICATES and/or LICENSES
Real Estate Salesperson license
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires advanced knowledge of financial modeling, terms, and principles. Conducts independent, advanced financial analysis. The position independently prepares financial models, options analysis, and recommendations for each transaction managed. Knowledge of GAAP applied to commercial real estate transactions is required.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires advanced analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES
Advanced knowledge of Microsoft Office Suite (Microsoft Excel, Word, PowerPoint, Outlook, etc.) particularly Microsoft Excel modeling and PowerPoint, and Internet navigational skills. Strong interpersonal and organizational skills with the ability to manage multiple projects simultaneously.
SCOPE OF RESPONSIBILITY
Decisions made with a thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause significant impact to client, co-workers, and supervisor.
Internal Number: 21003714
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
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.