Development Manager

Company Description

Stream began with a vision. Not one focused on bricks and mortar, but one with people at its foundation. It was that vision that our co-founders, Mike McVean and Lee Belland, set out to accomplish when they launched Stream Realty Partners (Stream) in 1996.

Over two decades later, Stream has become a leading commercial real estate services organization working for owners, investors and occupants. With an operational area covering some of the most active real estate markets coast to coast, we’ve grown from two co-founders in Dallas, Texas to 1,400+ talented individuals in offices across the nation.

True to our original vision, we recognize that the key to our success lies in our people and our unique approach to business. We think and act like owners: our successful history of managing real estate across all asset types allows us to leverage our experience and apply our ownership mentality to our full-service platform and your assets. Visit www.streamrealty.com.

Culture

At Stream, we realize that our success begins and ends with our people. As a result, we work hard to attract and retain the best talent in the industry and individuals that thrive in a team environment. These high-caliber professionals come together to create a distinct culture that is best summarized by our firm's values: Smart. Honest. Nice. Passionate. The goals of our team are to grow our business, have fun, and make money.

Job Description

The Development Manager will serve as an integral member of the firm's Industrial Development Services team based in Irvine, CA. This position will work closely with the development team responsible for originating new industrial development and investment opportunities in the Western Region (predominantly Southern California and Phoenix). They will help asses the viability of new development pursuits, oversee the execution of live developments in the region, and assist in all entitlement and construction efforts for the team. Projects will primarily include ground-up developments and value-add acquisitions.

Essential Functions:

Pre-Development & Due Diligence: 

• Work with the industrial development team to analyze the feasibility of new development opportunities by supplying preliminary pricing guidance, informed development and entitlement schedules, early assessment of civil engineering challenges, etc.
• Provide cost input/budgets for pursuit costs estimating
• Attend due diligence trips necessary to assess the requirements of the project as well as all existing conditions that will influence the project
• Request and negotiate all due diligence proposals and contracts with contractors and consultants
• Responsible for reviewing technical site reports generated during due diligence including, but not limited to, geotechnical studies, environmental assessments, civil drawings, and easement-related title and survey matters

Entitlements:

• Develop project bid set specifications
• Spearhead project team’s pursuit and reception of any/all entitlements required to break ground post-closing
• Lead all interactions and processes with relevant local government/municipal agencies and franchise utility providers with influence over receiving all permits required to break ground post-closing
• Lead the processes with architects, owners, engineers, and contractors in formulating accurate and complete scopes of work and budgets
• Create or assist in creating the schedule and sequencing of the project so accurate expectations can be conveyed to the customer and project team

Development Management:

• Oversee the day-to-day performance of all general contractors and subcontractors on live development projects
• Manage the monthly construction draws and any other requested documentation from lenders/inspectors
• Prepare recurring project progress reports for capital partners (when required)
• Lead project close-out processes and paperwork
• Coordinates the preparation of material delivery schedules and logs
• Coordinating of and assistance in the creation and maintenance of project schedules
• Coordinating and leading weekly project progress meetings
• Promotes Stream’s and/or Owner Client’s safety policies to contractors to set expectations in the contracting process including various buildings’ rule and regulations
• Coordinates the update of drawings
• Coordinates and manages change requests including pricing review, submittal, follow-up and the creation of change orders to all parties
• Oversees pay application verification and processing including lien waivers for both Owners and Sub/Suppliers
• Reviews and tracks all project invoicing against overall project budget and various allowances
• Thinks creatively to work with project team in maintaining set schedule for completion and tenant move-in
• Assists in the preparation of weekly and monthly reports to clients
• Leads project close-out processes and paperwork

Administrative Services:

• Participate in weekly Industrial Development Services team meetings
• Create and maintain internal database that tracks GC pricing by building type, building size, and regional market
• Process own expense reports

Qualifications

• Minimum 5 years of entitlement / construction management / development experience in Southern California and the surrounding metro area
• Knowledge of Southern California Jurisdictions and CEQA experience preferred.
• Ability to read and interpret Construction Documents.
• Bachelor’s Degree (major or minor degree in Construction Management, Real Estate, Civil Engineering, M/E/P, preferred)
• Strong Knowledge of AIA documents, including but not limited to Pay Apps, Contracts, and waivers.
• Proactive thinker with the skills necessary to think ahead and anticipate / solve challenges
• Team player with strong organizational and analytical skills
• Able to manage multiple projects simultaneously while maintaining strong attention to detail
• Proactive and clear communicator (verbal and written; within the team and externally)
• Competent in leading teams of consultants and contractors through all phases of entitlements and construction from initial pursuit due diligence through project substantial completion and tenant improvement work
• Ability to professionally interact with all project team members including developers, capital partners, cities/municipalities, brokers, contractors, architects, engineers, property managers, etc.
• Capable of identifying and elevating areas of entitlement and construction risk throughout all phases of the development process
• Willing to travel for in-person meetings and jobsite visits related to due diligence and project management purposes
• Experienced in MS Office software applications, BluBeam, Procore, and Adobe

Additional Information

The information you provide will be treated as confidential accordance with EEO guidelines.

Once you have completed your application, you will receive an email from [email protected]. In that email, you will find a link to the Culture Index survey which will help us gain a better understanding of your strengths and motivational drives.

We kindly request that you set aside 10 uninterrupted minutes within 48 hours of your submitting your application. During this time, please click the link in the email and follow the instructions provided to complete the Culture Index survey. Completing this survey is an essential step in considering your application for the open position.

Thank you for your time and cooperation. We look forward to reviewing your application.