Title: Vice President of Commercial Capital Projects
Dept: Commercial Asset Management and Transaction team
**Position will require travel
We are an independently owned real estate investment management firm established in 1969. The firm currently has $9.1 billion in institutional quality real estate assets, including $2 Billon in office and industrial assets, under management on behalf of 124 domestic and international clients.
As we continue to expand and optimize our assets, we are seeking a Vice President of Commercial Capital Projects to join our commercial team and help drive the successful execution of capital projects across our portfolio. This position will report directly to the Managing Director for Commercial Assets.
Position Overview:
The Vice President of Commercial Capital Projects will play a critical role in managing the execution of capital improvement projects, including tenant build-outs, base building systems upgrades, and lobby/common area renovations across our office and industrial properties. This individual will oversee projects from initial specification and budgeting through design, permitting, bidding, construction, and closeout to ensure timely and cost-effective completion. The role requires a strategic and hands-on team member with experience working with engineers, architects, construction managers, contractors, and vendors. This position also requires experience with AIA contracts and internal/external reporting to keep all stakeholders informed throughout the project lifecycle.
Key Responsibilities:
- Project Leadership & Execution:
- Lead and manage capital improvement projects across the office and industrial portfolio, including tenant build-outs, base building system upgrades, and common area renovations.
- Collaborate closely with external architects, engineers, contractors, and vendors to define project scope, specifications, and design.
- Coordinate with the Managing Director for Commercial Assets and senior leadership, as well as on site staff to ensure alignment with organizational goals.
- Commission and monitor performance of newly installed systems (HVAC, etc) for comparison against proforma and to insure most efficient operating results.
- Develop and manage comprehensive project budgets, ensuring cost control and value engineering where appropriate.
- Oversee pricing and financial analysis, working with vendors and contractors to ensure competitive and fair pricing.
- Track project progress and expenditures, providing detailed internal and external reports.
- Manage projects across multiple markets, leveraging relationships with national vendors and contractors to streamline operations and improve project outcomes.
- Travel as necessary to oversee project execution in various locations.
- Stakeholder Management & Reporting:
- Communicate regularly with internal stakeholders, including senior management, asset managers, property managers, and leasing teams, to provide project status updates.
- Develop reports for external stakeholders, including investors, partners, and vendors, ensuring clear communication at varying levels of detail based on stakeholder needs.
- Ensure timely and accurate internal reporting, keeping senior leadership informed of project milestones, budgetary updates, and potential challenges.
- Vendor & Contract Management:
- Collaborate with national vendors and contractors to ensure successful project execution across multiple markets.
- Manage relationships with external parties to ensure high-quality work and timely delivery of services.
- Negotiate and execute contracts including the use of AIA contracts.
- Risk Management & Compliance:
- Identify potential risks associated with capital projects and proactively address any challenges to minimize disruption to project timelines and budget.
- Ensure compliance with all local, state, and federal regulations, as well as industry standards and best practices.
- Safeguard the company’s interests by ensuring the execution of projects in accordance with high standards of quality, safety, and sustainability.
- Continuous Improvement & Innovation:
- Champion process improvements and the adoption of best practices to enhance capital project execution.
- Leverage technology and innovation to improve project delivery, tracking, and resource management.
Qualifications:
You are a highly motivated team player with experience
- Education & Certifications:
- Bachelor’s degree in Construction Management, Engineering, Architecture, Real Estate, or a related field.
- Professional designations such as PE, AIA, or LEED-AP (or comparable certifications) are highly preferred.
- Experience:
- Minimum of 10 years of progressively responsible experience in all aspects of capital project management, with a proven track record of managing large-scale commercial capital projects averaging a total of $25 MM annually
- Strong experience with tenant build-outs, base building upgrades, HVAC systems and renovation projects within commercial office and industrial properties.
- Extensive experience working with AIA contracts and related documentation.
- Multi-market project experience, with a history of working with national vendors and contractors, is highly desirable.
- Skills & Competencies:
- Strong project management skills, with a focus on executing complex projects within budget, scope, and timeline.
- Solid financial acumen, with experience managing project budgets and delivering cost-effective solutions.
- Excellent communication skills, with the ability to effectively report to senior leadership and external stakeholders.
- Expertise in working with external vendors, consultants, contractors, and architects to ensure the successful delivery of capital projects.
- Familiarity with sustainability practices and certifications such as LEED.
- Must be able to travel domestically.
- Hybrid work environment. Minimum of 3 days in office is required.
