Director - Development

Hines

  • Seattle, WA
  • Permanent
  • Full-time
  • 1 month ago
Overview:When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company’s esteemed annual list of the World’s Most Innovative Companies, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines. Responsibilities:As a Director – Development with Hines, you will be responsible for managing multiple real estate development and/or redevelopment projects. The Director of Development is responsible and accountable for project financial results and investment returns for Hines and its co-investors. Responsibilities include, but are not limited to:Manage multiple real estate development and/or redevelopment projects across various asset typesSource and execute acquisitions across various asset classes and a variety of risk profiles on behalf of Hines’ discretionary funds as well as in association with joint venture partnersIn coordination with the Managing Director and local city teams, manage various aspects of acquisitions, which can include sourcing new opportunities as well as developing and cultivating strong relationships with owners of institutional-grade real estate, commercial real estate brokers and joint venture partnersManage underwriting and due diligence processes related to new pursuitsDuring pre-acquisition, coordinate all underwriting aspects and build project proforma: market research, municipal fees, site constraints, development budget, development schedule, construction budget, construction schedule, operating budget, and financial assumptionsBe able to identify the critical path for entitlements and progress the project forward to shovel-ready with minimal oversightGain entitlements for development projects through coordination with governmental agencies, formulate strategies for land use code amendments, and direct internal and external development teams as neededPerform all predevelopment activities including feasibility, design, layout and entitlement, permitting and due diligence. With senior management and consultant team, determine and program the scope, quality, and design of projectsWork with senior management on the final development agreements and any easement agreements that need to be obtainedCoordinate with the finance team on any loan requirements throughout the processComplete inspections and review legal documents related to property acquisitions including purchase agreements, title and survey, government agreements and closing exhibitsExecute and fine tune business plan (process entitlements and position for joint venture or sale; process entitlement and perform vertical construction). Develop and refine plans, designs, cost estimates, permitting and project timelines during the pre-construction periodCreate and own the development/redevelopment project PreDevelopment and Development Budget and ensure the project is within the approved budgetCoordinate with construction team throughout predevelopment and into construction to verify a smooth project transition and ensure that all development agreements and assumptions are maintained. Verify construction costs throughout to minimize plan changesFacilitate correspondence between construction and design teamsCoordinate with Property Management and Asset Management on operating budget assumptions, including rents and concessions, and lease-up schedule throughout the lease-up process to verify accuracy of the underwriting assumptionsCoordinate with Property Management on managing and leasing existing improvements/businesses on the site to the extent there are anyConduct weekly coordination meetings between construction and Property Management to keep the project on track and address any issues that ariseUpdate and track all proforma/budget changes throughout the project and maintain monthly updates to senior management and investor partners from acquisition through project completionResponsible for maintaining and acquiring all documents for final project close-out, including keeping track of all outstanding letters of credit or bonds that needed to be postedDevelop relationships with landowners, developers, civic and community groups, and government agencies conducive to originating, supporting, or processing new opportunitiesManaging Others:
  • Hire, manage and direct the career development of his/her team
  • Ensure his/her team has the appropriate technical skills, tools, and facilities to competently perform their roles
  • Manage employee performance through the Company’s performance review process
  • Demonstrate effective management, leadership, coaching and development of staff to achieve Company and project team goals and objectives
  • Ensure goals and objectives are established for all staff within designated timeframes
  • Ensure job responsibilities and expectations are clearly defined and communicated, work is assigned and distributed appropriately, staff is appropriately trained, and performance issues are addressed in a timely manner
  • Regularly provide formal and informal feedback to team members including discussions of strengths and areas for improvement
  • Complete well thought out and well documented performance reviews and annual salary recommendations within designated timeframes
Qualifications:
  • Bachelor’s degree in business administration, real estate, finance, economics, or engineering from an accredited institution required. MBA in business, finance, or real estate highly preferred
  • Five or more years of experience with the responsibilities outlined above
  • Ability to manage and lead a high performing team
  • Excellent communication skills
  • Excel modeling fluency
  • ARGUS fluency preferred
  • Work indoors approximately 75% of the time and outdoors 25% of the time
  • On occasion, perform physical inspections of construction and sales sites
  • Ability to lift up to 50 lbs
  • Availability to travel within assigned territories as necessary
  • Compensation: $172,400 - $224,200
Closing:At Hines, we strive for excellence as a leading global real estate investment manager, driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion¹ of assets across such property types as living, office, retail, mixed-use, logistics and life science projects – all designed to enhance value, connection and inspiration. Our strategic approach integrates local expertise with global knowledge, taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients' needs.While our projects are renowned for enhancing cities and pioneering sustainable practices, we recognize that the true driving force behind Hines' success is our 5,000 dedicated employees in 30 countries who draw on our 65-year history to build the world forward. This is why we prioritize investing in our people, offering comprehensive training, competitive compensation, robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team, we cultivate an inclusive environment where everyone, including our clients, can thrive.Hines is proud to be named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2024. ¹Includes both the global Hines organization and RIA AUM as of December 31, 2023.We are an equal opportunity employer and support workforce diversity.No calls or emails from third parties at this time please.

Hines