CenterCal Properties · 5 days ago
Development Director
El Segundo, CA
Full-time
Onsite
Lead/Staff, Director/Executive
5+ years expCenterCal Properties is dedicated to creating world class retail and mixed-use environments that uplift communities. The Development Director will oversee all aspects of development including deal sourcing, underwriting, financing, and construction close-out for various projects.
Real Estate
Hiring Manager
Katherine Barragan
Responsibilities
Preparing cash flow and pro forma financial models in Argus and Excel as part of underwriting process, annual plan process, and lease approval process
Executing the business plan for value-add centers including common area renovations, re-merchandising, and supporting lease-up efforts
Obtaining government, tenant, and other approvals required for execution of the business plan
Performing market research including rent and sales comparables, competition assessments, market vacancy/saturation reports, zoning analysis, consumer behavior, etc. utilizing internal and external resources
Working with the Development Team to conduct detailed feasibility analysis of potential new developments including:
Evaluation and modification of financial models for retail, residential, and other products
Analysis to support the negotiation of tenant leases
Analysis of expected costs and comparison to similar projects
Review of land use issues and design constraints
Preparing investment memoranda and related reports for senior management and Investment Committee review
Coordinating the due diligence and closing process with Sellers, Lenders, 3rd party consultants, and CenterCal team members
Assisting in the coordination with architects and other consultants throughout the development process
Supporting the entitlement and permitting process by interfacing with local governments and agencies with jurisdiction
Working with the construction department to establish and maintain cost estimates to be used in pro forma models
Managing monthly development reports, debt and equity draws, and pro-forma updates
Interface with internal and external parties to generate and advance pipeline projects
Qualification
Required
Bachelor's degree in finance, real estate, economics or a related field
Minimum 5-7 years of full-time experience as a project manager, development manager or similar background
Understanding of retail leasing principles including exclusives, no-build areas, co-tenancy, etc
Cash flow modeling experience in Excel and Argus
Understanding of financial underwriting techniques and investment return metrics
Ability to travel to the job site as required to perform duties
Prior financial modeling experience is required
Ability to create and update complex financial models including waterfall structures
Strong oral and written communication skills
Outstanding quantitative and analytical skills
Ability to maintain confidentiality and display good judgment
Strong attention to detail
Ability to work in a fast-paced office environment to meet deadlines and handle multiple projects simultaneously
Ability to maintain quantity without sacrificing quality
Exceptional organizational, analytical, and interpersonal skill
Extremely strong work ethic and drive to succeed
Preferred
MBA or MRED preferred
Benefits
Medical, dental, vision, short-term disability, long-term disability and a group term life benefit.
401k plan - Under the Company’s current benefits package, eligible employees can begin participating after 90 days of employment.
Financial advisement services through the company’s 401k advisor.
Unlimited PTO Plan
Company paid holidays
Two paid community service days – one individual volunteer day and one company-sponsored.
Flexible spending accounts and more!
Company
CenterCal Properties
CenterCal Properties LLC, a premier full-service commercial real estate company founded in 2004, is redefining the landscape of the western U.S.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Fred Bruning
CEO
Paul J Kurzawa
Chief Operating Officer
Recent News
2025-10-15
CenterCal Properties
2025-09-02
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