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Macerich · 1 day ago

Real Estate Paralegal (Hybrid)

Santa Monica, CA

Full-time

Hybrid

Mid Level

$90K/yr - $120K/yr

3+ years exp

Macerich is a leading owner, operator, and developer of retail real estate, offering opportunities for career growth. The Real Estate Paralegal will assist legal real estate transactional attorneys by providing various paralegal support functions, including reviewing leases, performing due diligence, and managing documentation for transactions.

Enterprise SoftwareIntellectual PropertyPropTechReal Estate

Responsibilities

Review existing leases, REAs and other documents for existing exclusives and prohibited uses/use restrictions and prepare schedules/exhibits of same for pad sales and anchor/big box lease transactions

Perform due diligence reviews of leases and REAs interpreting relocation rights, repair obligations, options to extend, co-tenancy obligations, radius restrictions, no-build zones, protected areas, termination rights, CAM language, exclusive uses and all other rights, remedies and controls of the parties to the lease and provide written assessments

Draft template REA and anchor lease amendments, purchase and sale agreements, CC&Rs and other legal documents, prepare correspondence, memos and reports

Prepare critical dates charts for anchor projects; manage critical dates and deadlines for anchor projects in process

Managing the Company’s process for obtaining title information, including the following: place title orders, review of title and survey matters, work with company personnel and third parties (buyers and tenants) to resolve title and survey issues, and coordinate and facilitate issuance of title insurance policies; update the legal department database of title reports, title policies and surveys; prepare legal description exhibits for use in real estate transactions. Certain of these functions may be co-managed

Managing inquiries regarding property ownership, including: research of real property history and chain of title; confirm and diagram fee and leasehold property ownership

Managing the process of providing property-related legal information for due diligence needs in shopping center sales, including: prepare due diligence lists (e.g., schedules of key real estate documents) and folders for shopping center sales, advise and assist asset management in response to buyer due diligence inquiries, and advise and assist asset management with preparation of and response to estoppel certificates

Manage documentation for large transactions; coordinate execution and delivery of documents; prepare transaction summaries; prepare and maintain closing binders and organize and maintain all department files

Handle escrow transactions for pad/outparcel/excess land sales, including monitoring and coordinating escrow responsibilities, and preparation of closing documents and closing instruction letters

Handle and manage, under real estate attorney guidance, the preparation and/or review and processing of estoppel certificates, and the due diligence required for issuance of estoppel certificates, as well as easements, other simple development related agreements

Catalog development memos for shopping center malls

Notary or open to becoming a notary

All other duties as assigned

Qualification

Real estate paralegalTitleSurvey expertiseDrafting legal documentsMS Office proficiencyNotary certificationCommunication skillsOrganizational skills

Required

3+ years of law firm and/or in-house experience as a real estate paralegal required, with substantial title and survey expertise preferred

Excellent computer skills to include MS Office, Adobe Acrobat/Reader, iManage, Workshare and Redline

All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation