Vice President - Real Estate Transaction Services
NYCEDC
Location:
New York, NY
Position Overview:
The Vice President in Real Estate Transaction Services will supervise a team of real estate finance and development professionals on projects central to NYC’s economic development and housing goals. The VP will lead projects from inception to closing by directing the financial analysis on a project’s feasibility, managing negotiations on land sales and leases with developers, overseeing project management and progress, establishing and maintaining client contact and conducting community outreach. The ideal candidate has real estate industry experience and has a strong track record of closing deals. Candidates having experience with NYC-area development projects and affordable housing finance are preferred.
Responsibilities:
- Supervise and provide direction on all aspects of real estate project management and land sale/lease negotiations and conduct transaction negotiations to maximize return to the City and NYCEDC
- Display strong understanding of real estate development practices, preferably specific to NYC, economic development and affordable housing finance
- Establish short and long-term project goals and time frames and review all relevant project documents
- Present projects to executive staff, boards and City officials
- Identify new projects and/or development opportunities for NYCEDC
- Build and maintain relationships with governmental and quasi-governmental agencies, real estate developers and business groups, consultants, civic and community stakeholders, and cultural and professional organizations
- Demonstrate managerial experience/ability with specific focus on ability to lead and motivate teams to set and meet goals, expectations and deadlines with limited oversight
- Mentor and cultivate junior staff knowledge and skills development
- Possess a strong sense of professional judgment and ability to solve problems creatively
- Exhibit leadership abilities, including interpersonal, communication and public speaking skills and a strong sense of personal accountability to ensure project completion
Qualifications:
- Master’s Degree or equivalent in business, real estate, housing finance, public policy, urban planning or law
- 5-7 years of experience in relevant field (real estate, development, housing finance, public policy, urban planning, City or State agency)
- Proven strength in use of spreadsheet, database, and presentation applications including Excel and PowerPoint
- Strong project management and interpersonal skills
- Strong written and oral communication skills, including public speaking
- Ability to prioritize competing needs and opportunities
- Understanding of economic development issues and affordable housing programs
- Familiarity with NYC government and NYC government real estate processes
- Ability to work in a team-based environment with limited oversight
- Demonstrated ability to both work independently and lead a project team on complex transactions
- New York City residence is required within 180 days of hire.
About the Real Estate Transaction Services Department:
The Real Estate Transaction Services Group (RETS) is the City’s primary department for financial analysis, structuring and the execution of real estate and economic development transactions. RETS aims to promote economic development through the creation of jobs and revenue generation for the City of New York through the development of surplus property and the application of incentives such as tax and energy benefits, bonds and other financing structures, and grants, in partnership with the private sector. Additionally, RETS structures and negotiates key deals on behalf of the City and includes the Industrial Development Agency (IDA) and Capital Resource Corporation (CRC).
About NYCEDC:
The New York City Economic Development Corporation is an Equal Opportunity Employer. NYCEDC offers excellent benefits, including company-paid 401(a) pension plan, 457(b) tax-advantaged retirement savings plans, medical, dental and vision benefits, and tuition reimbursement.