JOB SUMMARY Responsible for underwriting the cost of development, securing entitlements and approvals, budgeting, design, and execution of project management. Focuses on exceeding customer expectations with accountability for delivering product on-time and on-budget. Significant experience entitling complex projects in and around greater Boston is critical.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Directs site acquisition due diligence which includes (but is not limited to) compliance with scope of consultants' contracts, completeness of information gathered, and manages the TCC internal sign off processes.
Approves cost estimates based on findings and/or recommends plans to address or remediate any issues that are discovered through due diligence.
Develops project scope, schedule and budget and oversees timely execution of development within that context. Has full command of the project critical path and seeks opportunities to optimize the project budget and timeline.
Responsible for architect, project consultants and construction manager selection, contract negotiation and contract administration oversight.
Manages design team and construction manager throughout project.
Responsible for review and approval of all project expenditures and draws.
Proactive approach to risk management throughout the development and construction process.
Thorough understanding of permitting agency requirements and submittals to effectively secure construction approvals.
Developing effective working relationships with all public permitting agencies.
Works collaboratively with internal TCC team members in pursuit and execution of projects.
Capability to simultaneously direct multiple projects.
Has oversight and approval of all construction-related project information contained in the asset management system (ELITE).
Deals effectively with major customers and financial partners, resulting in retained/expanded business.
Develops relationships in the market that lead to fee-based development or consulting assignments. Assists in pursuing and winning principal-based business. Other duties may be assigned.
EDUCATION and EXPERIENCE Bachelor's degree in Architecture, Engineering, Business or equivalent from appropriate 4-year college program. A minimum of 10 years commercial development management experience. Knowledge and understanding of construction practices/techniques, , project controls and building support systems or any similar combination of education and experience. LEED accreditation with current educational requirements strongly preferred. Track record of consistently completing class A commercial projects on time and on budget.
COMMUNICATION SKILLS Ability to comprehend, analyze, and interpret sophisticated business and construction documents. Ability to respond effectively to the most sensitive issues. Emotional intelligence a key skill set. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups.
FINANCIAL KNOWLEDGE Requires in-depth knowledge of financial and real estate terms and principles. Reviews detailed financial/business analysis and reports prepared. Seeks innovative solutions throughout the course of the project. Adherence to and consistent implementation of TCC financial policies and procedures.
REASONING ABILITY Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical, quantitative, and construction skills. Draws upon the analysis of others and makes recommendations that have a direct impact on the 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.
Internal Number: 20023779
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.