Job Description: Commercial Real Estate Developer
Position: Commercial Real Estate Developer
Department: Real Estate Development
Location: [Specify location]
Job Summary:
The Commercial Real Estate Developer is responsible for overseeing the development of commercial real estate projects, including the acquisition, planning, design, construction, and management of commercial properties. This role requires in-depth knowledge of the real estate industry, strong project management skills, and the ability to collaborate with various stakeholders to ensure the successful execution of commercial real estate projects.
Key Responsibilities:
1. Identify and evaluate potential commercial real estate development opportunities, including conducting market research, feasibility studies, and financial analysis.
2. Develop comprehensive project plans, including budgets, timelines, and resource allocation, to guide the successful execution of commercial real estate projects.
3. Collaborate with internal teams, such as architects, engineers, contractors, and legal professionals, to ensure project plans align with regulatory requirements and industry best practices.
4. Lead negotiations for property acquisitions, including conducting due diligence, negotiating purchase agreements, and managing the closing process.
5. Oversee the design and development of commercial properties, ensuring compliance with zoning regulations, building codes, and quality standards.
6. Coordinate with contractors and construction teams to monitor progress, resolve any issues or delays, and ensure projects are completed on time and within budget.
7. Conduct regular site visits and inspections to ensure compliance with project plans, quality standards, and safety regulations.
8. Collaborate with leasing and property management teams to develop leasing strategies, attract tenants, and maximize occupancy rates.
9. Monitor market trends, competitor activity, and economic indicators to identify potential risks and opportunities in the commercial real estate market.
10. Build and maintain relationships with key stakeholders, including investors, lenders, brokers, and local authorities, to facilitate project financing, permitting, and regulatory approvals.
Required Skills and Qualifications:
1. Bachelor's degree in Real Estate, Construction Management, Business Administration, or a related field.
2. Minimum of [X] years of experience in commercial real estate development, with a proven track record of successfully delivering complex projects.
3. In-depth knowledge of commercial real estate development processes, including site selection, due diligence, entitlements, design, construction, and leasing.
4. Strong financial acumen, with the ability to conduct financial analysis, evaluate investment opportunities, and manage project budgets.
5. Excellent project management skills, including the ability to prioritize tasks, manage resources, and meet deadlines in a fast-paced environment.
6. Proficient in using project management software, financial models, and other industry-related tools.
7. Solid understanding of zoning regulations, building codes, and other legal requirements related to commercial real estate development.
8. Exceptional negotiation and communication skills, with the ability to effectively collaborate with internal and external stakeholders.
9. Strong analytical and problem-solving abilities, with a keen attention to detail.
10. Ability to adapt to changing market conditions and make informed decisions to mitigate risks and seize opportunities.
Note: This job description is intended to provide an overview of the responsibilities and qualifications required for the Commercial Real Estate Developer role. It is not intended to be exhaustive and may be subject to change based on business needs.