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Los Angeles Metro · 2 days ago

PRINCIPAL REAL ESTATE OFFICER (ACQUISITION/RELOCATION)

Los Angeles, CA

Full-time

Onsite

Senior Level, Lead/Staff

$95K/yr - $143K/yr

5+ years exp

Los Angeles Metro is dedicated to providing a world-class transportation system that enhances the quality of life in LA County. The Principal Real Estate Officer leads right-of-way acquisition and relocation for capital projects, overseeing transactions, coordinating with project teams, and managing staff and consultants to ensure compliance and timely delivery of projects.

AutomotiveLogisticsTourismTransportation

Responsibilities

Performs a broad range of complex, cross-sectional real estate and right-of-way functions

Plans and manages real estate projects

Reviews title reports, appraisals, and similar support documents and reports

Assists management in preparing real estate revenue goals and budget reports estimating real estate related costs

Inspects real estate both in person and using computer programs to document conditions

Evaluates Metro's real estate needs, identifies opportunities to enhance safety and revenues, and recommends policies and procedures to enhance department efficiency and accuracy of management of assets

Prepares written and oral reports, resolutions, correspondence, and legal documents

Represents the department in meetings with other departments/divisions, property owners and tenants, and business and community groups to make presentations or respond to inquiries

Provides oversight and management of outside consultants

Provides leadership, guidance, and advice to staff on complex real estate issues

Provides training to support staff on real estate related functions

Coordinates work activity of both professional and administrative staff when working on special projects

Analyzes property requirements to understand the potential impacts to the property

Prepares appraisal scope of work, reviews real estate appraisals for thoroughness and professional completion, and prepares appraisals as appropriate

Communicates with management and outside counsel regarding issues that are significant in appraisals prepared for property owners For Acquisition/Relocation

Negotiates with property owners or their agents for purchase or voluntary transfer of property

Coordinates with escrow and title companies relative to ownership and conditions of title

Prepares and presents relocation related notices

Reviews and processes relocation claims and payments

Provides oversight on acquisition and relocation delivery milestones

Solicits consultant(s) for the preparation and review of environmental investigation reports For Asset Management

Coordinates use of Metro assets (land) with internal departments

Executes agreements that enable safe, short-term use of or access to Metro land

Manages assets sensibly to reduce Metro expenses for maintenance and upkeep

Qualification

Real Estate AcquisitionEminent DomainProperty Appraisal ReviewCalifornia Real Estate Appraiser LicenseContract ManagementSenior Right of Way AgentReal Estate LawFinancial CalculationsProject ManagementReport PreparationReal Estate SoftwareCommunication SkillsTeam LeadershipNegotiation Skills

Required

A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Additional experience, as outlined below, may be substituted for required education on a year-for-year basis. A typical combination includes:

Bachelor's Degree in Real Estate, Business Administration, Public Administration, Economics, Engineering, or a related field

Five years of relevant experience in real estate services, requiring at least two years specialized experience in area of assignment, such as eminent domain, property appraisal review, etc.; experience in municipal government real estate management preferred

A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions

For an Appraiser's position, a California Real Estate Appraiser License is required

Preferred

Senior Right of Way Agent (SRWA) Designation preferred

Experience providing Right of Way services in compliance with local, state, and federal Uniform Relocation Assistance and Real Property Acquisition Act (URA)

Experience managing project tasks including: managing milestone schedules, budgets and risks, and authoring reports for project progress

Experience reading and interpreting right of way plans, title reports and appraisals

Experience leading right of way engineering analysis and cost estimating for major freeway and transit corridor projects

Experience preparing and reviewing full suites of right of way acquisition and relocation documents for complex infrastructure projects