Corporate Real Estate Manager
Corporate Real Estate Manager
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Job Description
Job Description
CoStar Group Company Intro:
CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information analytics and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100 CoStar Group is on a mission to digitize the worlds real estate empowering all people to discover properties insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years giving us the perspective to create truly unique and valuable offerings for our customers. Weve continually refined transformed and perfected our approach to our business creating platforms that have become standard in our industry for our customers and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers our employees and investors. By equipping the brightest minds with the best resources available we provide an invaluable edge in real estate.
About the Role:
CoStar Group is seeking a dynamic and experienced Corporate Real Estate Manager to lead our companys leased office space portfolio and leasing activities. This role involves managing all aspects of office space requirement planning lease negotiations and ongoing lease administration while working closely with internal stakeholders and tenantrepresentative brokers. The ideal candidate will be a strategic thinker with a strong ability to negotiate and administer leases focusing on achieving optimal outcomes for the business. This position is crucial in ensuring the alignment of our real estate strategy with company objectives without acting as a broker.
Key Responsibilities:
Collaborate with the VP of Corporate Real Estate to develop and execute location strategies and manage the site selection process for corporate spaces.
Lead feasibility studies and space needs assessments in partnership with internal teams driving search activities to meet business requirements.
Engage and coordinate with tenantrep brokers to negotiate favorable lease terms with landlords representing the companys best interests.
Oversee lease contract administration including new leases amendments and renewals responding to evolving business needs and feedback from key internal stakeholders.
Manage the lease portfolio by coordinating with lease administration and accounting teams to ensure timely and accurate reporting.
Partner with crossfunctional teams including legal finance construction and capacity planning to align on business terms and project .
Partner with the VP of Corporate Real Estate on more complex projects including economic development negotiations and saleleaseback transactions for owned properties.
Review and approve leaserelated documents including letters of intent service agreements and supplemental rent roll.
Track tenant improvement allowances and ensure the alignment of landlord work letters with project needs.
Maintain a longterm view of space requirements optimizing portfolio metrics and tracking mechanisms.
Serve as the primary point of contact for all leaserelated inquiries providing expert guidance to internal teams.
Travel domestically and internationally as needed (up to 25.
Support negotiations for master service agreements (MSAs) work orders (WOs) subordination agreements (SNDA) and other real estate portfoliorelated contracts.
Basic Qualifications:
Bachelors degree in business real estate or a related technical field.
Atrack record of commitment to previous employers.
Corporate Real Estate or Brokerage experience.
8 years of experience in managing leased real estate portfolios and/or corporate real estate programs including site selection lease negotiations contract management and space planning.
Proven track record of leading complex lease negotiations and contract administration.
Strong analytical communication and organizational skills with the ability to distill complex commercial and contractual details to stakeholders at all levels.
Experience coordinating multiple projects and working collaboratively with internal teams external consultants and vendors.
Proficiency in Excel PowerPoint and lease management systems.
Preferred Qualifications:
Background in contract management and a solid understanding of commercial leases and related legal documents.
Experience working in a fastpaced corporate environment balancing competing priorities.
Whats In ItForYou
When you join CoStar Group youll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.
We offer you generous compensation and performancebased incentives. CoStar Group also invests in your professional and academic growth with internal training tuition reimbursement and an interoffice exchange program.
Our benefits package includes (but is not limited to):
Comprehensive healthcare coverage: Medical / Vision / Dental Prescription Drug
Life legal and supplementary insurance
Virtual and in person mental health counseling services for individuals and family
Commuter and parking benefits
401(K) retirement plan with matching contributions
Employee stock purchase plan
Paid time off
Tuition reimbursement
Onsite fitness center and/or reimbursed fitness center membership costs (location dependent)
Access to CoStar Groups Diversity Equity & Inclusion Employee Resource Groups
Complimentary gourmet coffee tea hot chocolate fresh fruit and other healthy snacks
We welcome all qualified candidates who are currently eligible to work fulltime in the United States to apply. However please note that CoStar Group is not able to provide visa sponsorship for this position.
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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drugfree workplace and perform preemployment substance abuse testing
Required Experience:
Manager
Employment Type
Full-Time
