Melting Ice Cube
No doubt about it, brick and mortar retailing is slowly but surely going the way of the glaciers, slowly melting. Highlighting the importance of the trend, the Wall Street Journal recently dedicated a front page feature to the big story of the holiday season; shoppers are significantly reducing their visits to the mall.
The evidence is clear. According to ShopperTrak, retailers enjoyed only half of the holiday traffic in 2013 as they did just three years earlier. Major retailers, such as Macy’s who announced the closing of five stores, and big box players led by BestBuy, are retrenching and retooling. The net, net is clear, online commerce is only in the second inning of a sea change that will materially, and forever, change retailing, and along with it, the brick and mortar investment strategies of real estate owner/developers of retail real estate.
ROSS STORES, INC.
(PLEASANTON, CA) Position will provide or obtain legal services for the departments of the Property Development Division of Ross Stores, Inc., its subsidiaries and related companies. Objective is to negotiate and prepare legal documents and perform other real estate legal services on an in-house basis in order to minimize outside legal fees, while building in-house expertise. Specific duties include preparing documentation for new and existing store, office and warehouse facilities; negotiating and drafting leases; and supervising the preparation of memoranda of lease and other related documents by paralegals.
FORE PROPERTY COMPANY
(WASHINGTON, DC) The Development Director will report directly to the Vice President and support the Development Team with managing multiple phases of the real estate development process. The Development Director will participate in all aspects of development including site selection, due diligence exploration, financial analysis, budgeting, contract negotiation, development consultant management, site acquisition, investment package creation, coordination of the permitting process, execution of the construction documents, and general contractor management.
USAA REAL ESTATE COMPANY
(SAN ANTONIO, TX) The Director of Asset Management, Industrial is an integral role within the Asset Management Group and will be responsible for developing and executing property level strategies to enhance and protect asset value, meet investment objectives, and oversee key asset management issues of assigned industrial properties and/or portfolios. This person will interact extensively with the head of Asset Management as well as the leaders in the different functional areas (acquisitions, accounting, portfolio management and global investors group) and others within USAA Real Estate Company.
ERNST & YOUNG
(NEW YORK, NY) Position will apply knowledge of the software development lifecycle to real estate investment management platforms (JD Edwards, Yardi, etc) by developing business requirements and process workflows, supporting client’s software evaluation process and designing strategies for data conversions, user training and user acceptance testing. In addition, position will manage client engagement teams with diverse skills and backgrounds; provide constructive on-the-job feedback/coaching to team members; foster an innovative and inclusive team-oriented work environment; and play an active role in counseling and mentoring junior consultants within the organization.
(ROSEMONT, IL) Colliers International is seeking an experienced asset manager to oversee an industrial portfolio in the Midwest, totaling 3,300,000 sq. ft. Specific duties include lease negotiations; monthly, quarterly and annual reporting of the portfolio; monthly review of operating statements; financial analysis, market studies and industry standard reporting; project management; and site inspections. Position will also interact with investment managers, vendors and property managers.
(HOUSTON, TX) Responsibilities include, but are not limited to: safe, reliable, and efficient operations of the facilities; maintaining the integrity of buildings systems (Mechanical, Electrical, Fire Life Safety, Plumbing, and Security) by oversight of the preventive maintenance programs, while ensuring code compliant operations; ensuring compliance with Chevron Policy 530 to include all ESF&H (Environmental, Safety, Fire & Health), Federal, OSHA Occupational Safety and Health Administration), State and Corporate regulations and standards; assuming responsibility for review and coordination of contractor safety plans, Job Safety Analysis (JSA's), and is a member of the Operations Safety Team; directing the workforce and provides mechanical, electrical, technical and operating counsel and guidance in order to ensure safe, reliable, efficient operations; and acting as Project Representative on facility projects.
(DALLAS, TX) Duties include sourcing a deal, secure financing, closing transaction and managing until disposition in accordance with strategic plan for the asset; contacting owners, owner’s representatives, special servicers, lenders and brokers to source and secure acquisition and development opportunities that meet the company’s investment parameters; leading generation through networking, research and cold calling; tracking progress and develop strategies to obtain new opportunities; developing relationships within the real estate community promoting both personal and company capabilities; and analyzing investment packages for targeted opportunities for investment committee, lenders and potential outside investors.
JONES LANG LASALLE
(STOUGHTON, MA) Key responsibilities include: supervising maintenance staff and monitoring performance of their assigned responsibilities; performing and/or directing the performance of all maintenance departmental service requests, ensuring that the work performed in these areas is accomplished efficiently, neatly and with a minimum amount of disruption and inconvenience; checking malfunctioning equipment and taking corrective action required to restore to satisfactory operating condition; managing departmental staff, including selection, scheduling and job assignments; counseling, appraisals and recognition; and recommending salary, promotional, disciplinary, termination and other personnel actions.