CBRE - Los Angeles, CA
posted about 2 months ago
The Senior Vice President (SVP) of Development Investment at Trammell Crow Company is a pivotal role responsible for overseeing industrial development and investment activities specifically within the Los Angeles market. This position is integral to the sourcing, underwriting, and execution of various transactions, which include site selection, securing necessary entitlements and approvals, budgeting, and design. The SVP will craft and implement comprehensive project business plans, ensuring that projects are capitalized and monetized effectively, typically under the guidance of a principal-level colleague and in collaboration with development management professionals. A key aspect of this role involves building and leading a team that aligns with the Business Unit's goals and objectives. In this capacity, the SVP will manage market relationships by developing connections with various market participants such as investors, brokers, tenants, lenders, engineers, and appraisers. This will enable the SVP to maintain a current understanding of market conditions and opportunities. The role also entails identifying and gaining control of new development and build-to-suit opportunities, managing the predevelopment process, and ensuring the viability of deals through thorough due diligence and risk mitigation. The SVP will negotiate and secure deal terms from a variety of debt and equity sources to establish an optimal capital structure, while also engaging with capital partners for ongoing project communications. Additionally, the SVP will be responsible for creating investment packages and leading projects through the internal Investment Committee process. The execution of major projects will require the SVP to manage planning, organization, and controls, including the hiring of project leasing and property management teams, negotiating major leases, and overseeing the acquisition and disposition of assets. Regular updates and reviews of the company’s proprietary asset management system (ELITE) will be necessary to ensure the accuracy of project data. The SVP may supervise a mix of direct and matrix reports, recommending actions related to recruitment, promotion, and performance management. Building and maintaining successful relationships with clients, partners, and community organizations is essential, as is supporting the negotiation of deal documents and ensuring timely responses to prospective investments and tenants. The role is primarily office-based but will require travel to job sites within the region as needed.