What are the responsibilities and job description for the Director/Vice President of Development - Light Industrial position at Macdonald & Company?
Macdonald & Company are proudly partnered with an entrepreneurial, growing developer and owner/operator in Phoenix, Arizona, to appoint a Director or Vice President of Real Estate Development.
The firm are focused on the light-industrial market, through a combination of ground-up and value-add strategies. They also acquire and build Multifamily and Retail properties, focusing their efforts across Arizona, Texas, California, Nevada, Utah, and Colorado.
The Role
The Director/VP of Development is responsible for the development department, with a focus on supporting the sourcing of opportunities, financial analysis, planning, entitlements, and overall management of the development & construction process, from start to finish.
The Director/VP will effectively manage development and construction teams, both internally and externally, to support these processes for both the ground-up and value-add strategies.
The position requires well-rounded real estate development skills, with a specific focus on shallow bay/light Industrial development. The role would suit an entrepreneurial individual who is ready to take ownership of the development department within an established owner/operator.
Role Responsibilities
- Support the land acquisitions process, in helping the investments team to identify development opportunities through both marketed and off-market channels.
- Execute ground-up development projects, taking projects from start to finish, whilst providing construction oversight for other strategies, such as value-add.
- Perform analysis of all zoning and preliminary due diligence items to determine project feasibility and positioning.
- Collaborate with the Investment team to underwrite new opportunities including identifying market-specific economic and demographic data, rental comparable information, hard cost and soft cost estimates, local permit and fee costs and local supply and demand statistics.
- Lead the pre-development process, hiring and supervising the project team of architects, engineers, and other consultants as required.
- Manage the entitlements process, working with city officials and local municipalities as needed.
- Lead the Development team and process, ensuring the effective execution of approved business plans within schedule, budget, and quality expectations.
- Manage, hire, and set the work responsibilities and assessment methods of the Development team.
- Prepare, maintain, and monitor project budgets and formulate all monthly project development reports to executive committee.
- Negotiate and structure deals with property owners, investors, and other stakeholders.
- Coordinate with internal teams to secure construction and permanent financing.
- Develop and maintain relationships with key industry partners, including investors, lenders, and government officials.
- Assist in preparing responses to RFQs/RFPs for potential development projects.
On Offer
Competitive salary, bonus, and ability to participate in real estate deals.
