As Development Director for the San Diego Division, you will be responsible for overseeing the day-to-day oversight of our retail development activity; specifically, all responsibilities related to the pursuit and advancement of new shopping center opportunities, including but not limited to, sourcing new acquisitions, researching all relevant inputs for proforma projections, interacting with prospective retailers, documenting transactions, performing all necessary due diligence, and coordinating all aspects of property construction and development, including the oversight of architects, engineers, consultants and other contractors.
The ideal candidate would have 3-5 years relevant experience with shopping center development and acquisitions in the San Diego County and South Riverside County market areas.
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. Operate in the primary market areas of San Diego County, South Orange County and South Riverside County. Good familiarity with these regions is a plus. Connect with owners and brokers who are active in these target markets and research potentially attractive opportunities for the firm. Conduct all initial feasibility and gain a firm understanding of significant issues affecting a propertys performance. Solicit and generate key tenant interest for these new opportunities on terms and conditions that match proforma. Develop financial proforma projections and conduct on-going financial assessments of all income and expense expectations for the properties. Perform necessary acquisition and pre-development due diligence to confirm initial assumption before closing escrow commencing work. Document and negotiate relevant purchase contracts, city entitlements, term sheets with lenders and other similar development agreements. Coordinate and oversee all aspects of development including oversight of consultants, contractors, engineers and other vendors.
REQUIREMENTS / PERSONAL CHARACTERISTICS
Good familiarity with the target markets of San Diego County, South Orange County and South Riverside County retail markets. Strong strategic and analytic mindset. Have strong computer skills EXCEL, WORD, OUTLOOK and comfortable with technology. High integrity with a diligent work ethic. Team/people oriented. Highly organized with good time management skills. Meticulous attention to detail. Must possess a college degree and California Real Estate salesperson license. Willing to try different ways of doing things to create extraordinary outcomes. Willing to learn and grow and take feedback and convey information as observed. Good communicator in the written and spoken word.