WSP in the U.S. · 1 month ago
Practice Group Co-Lead, Transit-Oriented Real Estate Economics and Finance
30 North Lasalle Street, Chicago, IL, 60602, US
Full-time
Onsite
Senior Level, Lead/Staff
$123K/yr - $219K/yr
10+ years expWSP is a leading company in advisory services, and they are seeking a Practice Group Co-Lead for Transit-Oriented Real Estate Economics and Finance. The role involves leading interdisciplinary teams to manage large-scale projects, develop business opportunities, and advise clients on maximizing the value of their real estate assets.
AssociationBankingE-Commerce
Responsibilities
Leverage your experience to help transit agencies and local governments move Transit-Oriented Development (TOD) projects from the planning stage into the real world
Be an interdisciplinary leader, managing project teams that bring together financial analysts, urban designers, architects, legal compliance professionals, land use planners, and grant funding experts to bring client opportunities to market, execute joint development agreements and real estate transactions, and maximize their financial returns
Lead large-scale, complex projects by clearly communicating contributor roles and deadlines, preparing and managing project budgets, monitoring both internal and external activities, tracking hours and expenses, ensuring performance standards and profitability, and overseeing subcontractors, external stakeholders, contract assignments, and staff
Take responsibility for identifying and developing business opportunities across North America, particularly those of significant scale
Leverage relationships with peers in transportation services as well as leads generated by your WSP colleagues
Coordinate business development efforts with specialists in urban design, planning, cost estimation, economics and finance, organization management, and public-private partnerships governance to identify opportunities, build client relationships, and deliver comprehensive services to clients
Take a leadership role in WSP’s Real Estate Economics and Finance Advisory Group, which assists clients with maximizing the value of their land, buildings, properties, and parking lots
Provide proactive and strategic process and people leadership for the design, implementation, and administration of projects concerning real estate transactions with a public-sector principal in the Transit-Oriented Development and Real Estate Finance discipline, including senior leadership for proposals and project work scopes, pricing, budget, and performance metrics
Guide the development and execution of real estate development strategies that align with agency objectives and community interests
Prepare and deliver reports, recommendations, and transaction summaries to clients’ organizational management, elected officials, and/or governing boards
Advise clients on comparative pros and cons of leveraging surplus land sales, ground leases, joint development vehicles, public-private partnerships, build-to-suit, and leasing space, based on their project goals, current market conditions, and local site and legal characteristics
Model exemplary 'trusted advisor' service and provide future-focused solutions to clients
Monitor project schedules, budgets, and deliverables, coordinating with legal, financial, and technical teams as required
Ensure profitable management and successful completion of individual projects within the assigned area
Develop and implement long-term strategies for growth and pipeline advancement in Advisory Services for WSP within designated areas, emphasizing land value opportunities across all sectors, including transportation, buildings, energy, water, environment, and power
Leverage expertise and relationships to market knowledge and capabilities and development new clients and projects
Assist in preparing annual updates to tactical business action plans
Real Estate Economics and Market Analysis: Comparative market analysis that reveals hyper-local and specific information about real estate submarkets
Financial Architecture, Asset Monetization, Value Capture: Develop ongoing and self-perpetuating revenue streams by leveraging markets and land value increases driven by transit investment
Financial Feasibility, Incentives, and Funding Sources: Leverage up-to-date market information to compare costs and revenues top understand the economic feasibility of market rate development
Real Estate Acquisition Management Planning: Organize and manage the process of obtaining easements, partial takings, acquisitions, and eminent domain actions in compliance with USDOT guidelines
Buildings Portfolio Real Estate Financial Analysis: Optimize the financial performance of the real estate portfolio or an specific development
Qualification
Required
Advanced proficiency and proven experience in the areas of due diligence, procurement strategy, alternative delivery methods, and/or transaction structure
10+ years of relevant experience at a transportation agency or other municipal government entity, including acting as principal on real estate transactions
Strong leadership and team management skills
Excellent communication and interpersonal skills
Ability to build and maintain strong client relationships
Strategic thinker with the ability to develop and implement effective plans
Proven track record of upholding workplace safety and ability to abide by WSP's health, safety and drug/alcohol and harassment policies
Occasional travel may be required depending on project-specific requirements
Supervisory and/or management experience on real estate sales and/or joint development projects
Knowledge and application of land value capture methods such as TIF financing
Preferred
Master's Degree is preferred
Benefits
Coverage related to medical, dental, vision, disability, and life
Retirement savings
Paid sick leave
Paid vacation (or other personal time)
Paid parental leave
Paid time off for purposes of bereavement, voting, and/or attendance at naturalization proceedings
Company
WSP in the U.S.
What if you could shape built and natural environments – and the future of those that use them? With us, you can.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Lewis (Lou) Cornell
President and Chief Executive Officer
Andrew Esposito
Chief Financial Officer
Recent News
2023-05-11
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