As Acquistions & Development Director for the San Diego Division, you will be responsible for overseeing the day-to-day oversight of our retail development activity in the primary market areas of San Diego County, South Orange County and South Riverside County. NewMark Merrill opportunistically seeks large and small-scale ground-up developments, single tenant pad developments, and existing retail center acquisitions that are logical for redevelopment and repositioning. You will ensure that these opportunities are integrated into the portfolio's operations and that projects will meet the company's plans, goals and objectives.
ESSENTIAL JOB FUNCTIONS
Pursue retailer requirements in new markets, pursue various development leads and canvas strategic properties in target trade areas with eye toward ground up development and acquisition of existing centers to be repositioned.
Enhance our network of owners and brokers who are active in these target markets and research potentially attractive opportunities.
Conduct initial feasibility analysis and gain a firm understanding of significant issues affecting a property’s performance.
Solicit and generate key tenant interest for these new opportunities on terms and conditions that match proforma.
Develop financial proformas and conduct on-going financial assessments of all income and expense expectations for the properties.
Assess and mitigate risks in the transaction, entitlement and development process.
Document and negotiate relevant purchase contracts, city entitlements and term sheets with lenders and other similar development agreements.
Coordinate and oversee all aspects of development including oversight of consultants, contractors, architects, engineers and other vendors.
REQUIREMENTS / PERSONAL CHARACTERISTICS
Must possess a Bachelor’s Degree in Real Estate, Finance, Economics or related major and a California Real Estate salesperson license.
The ideal candidate will have 3-5 years relevant experience with shopping center development and acquisitions in the San Diego County and South Riverside County market areas.
Good familiarity with the target markets of San Diego County, South Orange County and South Riverside County retail markets.
Strong tenant and broker relations.
Strong computer skills in Microsoft Office and be very comfortable with technology.
Positive team player with strong relationship management skills and a proactive work ethic.
Highly organized with excellent time management skills and meticulous attention to detail.
Highly effective communication, presentation and analytical skills.
Willing to try different ways of doing things to create extraordinary outcomes.
About NewMark Merrill Companies, Inc.
NewMark Merrill Companies, Inc. creates an environment for talented, innovative team members to excel in their area of retail real estate expertise. All our divisions including accounting, acquisitions, leasing or marketing have an active voice in fostering ideas that benefit our centers.
Recently named the 2nd fastest growing company in the San Fernando Valley, the 5th fastest growing private company in Los Angeles and one of Inc. Magazine's Top 5000 companies, NewMark Merrill is an established and reputable retail real estate firm.
It’s not just about the rankings. With 80 community shopping centers encompassing 10 million square feet of retail experiences throughout California, Colorado and Illinois, NewMark Merrill is a partner with the customers, communities and tenants we serve. By integrating our technology and retail assets, we can make data driven decisions about the leasing, shopping patterns and customer traffic that drives sales for our tenants and profitability at our centers. We build a bridge from bricks to clicks.
Beyond the statistics, our centers are designed and operated to create meaningful retail experiences. Through targeted leasing we create a tenant mix... for each center that caters to its customers, enhances the community and adds value to the neighborhood. We support our neighborhoods through events, community outreach, and being exemplary corporate citizens. NewMark Merrill takes its commitment to supporting surrounding the communities seriously. Our efforts include adopting local charities and helping them raise funds for their causes. We provide them with space to hold events and fundraisers. We provide many opportunities for our team members to participate in activities that support our communities.
The mission of NewMark Merrill Companies is to connect with our customers through community leadership and support, to create authentic environments in which our tenants have an unsurpassed opportunity to achieve the American dream, and to proudly share passion and knowledge with our team members, to inspire opportunity through creativity and imagination.
We look for people who want to challenge themselves, create something amazing and who aren’t afraid to make mistakes in an effort to grow. If this sounds like you, we invite you to apply.