Practice Group Co-Lead, Transit-Oriented Real Estate Economics and Finance - Chicago, IL, United States

Description · This Opportunity · 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 financ ...

Job description

Description

This Opportunity

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. This frequently involves working with transit agencies, municipalities, and property owners on making the most out of transit-oriented development opportunities by advising them on how to make changes to zoning and land use policies, joint development partnership structures, and transportation services in order positively affect the potential value of future projects and find new sources of revenue.
 

Your Impact

• 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.

The Consulting Services the Real Estate Economics and Finance Advisory Group Provides:

• 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.
   

Who You Are

Required Qualifications

• 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 Qualifications:

• Master's Degree is preferred.

WSP Benefits:

WSP provides a comprehensive suite of benefits focused on a providing health and financial stability throughout the employee's career. These benefits include coverage related to medical, dental, vision, disability, and life; retirement savings; paid sick leave; paid vacation (or other personal time); paid parental leave; and paid time off for purposes of bereavement, voting, and/or attendance at naturalization proceedings. 

Compensation:

Expected Salary (all locations): $122,700 - $218,680
 

WSP USA is providing the compensation range that the company in good faith believes it might pay and offer for this position, based on the successful applicant's education, experience, knowledge, skills, abilities in addition to internal equity and specific geographic location. WSP USA reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation, depending on circumstances not related to an applicant's sex or other status protected by local, state, and/or federal law.

Expected Salary (Colorado only): $122,700 - $205,260

WSP USA is providing the compensation range that the company in good faith believes it might pay and/or offer for this position within the state of Colorado, based on the successful applicant's education, experience, knowledge, skills, and abilities in addition to internal equity and specific geographic location. WSP USA reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation, depending on circumstances not related to an applicant's sex or other status protected by local, state, and/or federal law.
 

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