Director, Reinvestment / Development - Office Division ($155,000 - $200,300)
irvineIrvine, CA
$155,000 - $200,300 per yearAPPLY NOW
Director, Reinvestment / Development - Office Division ($155,000 - $200,300)
irvineIrvine, CA
2 days ago
Occupations
Property, Real Estate, and Community Association ManagersGeneral and Operations ManagersFacilities ManagersIndustries
Nonresidential Property ManagersCommercial and Institutional Building ConstructionLessors of Nonresidential Buildings (except Miniwarehouses)$155,000 - $200,300 per year
APPLY NOWAbout the role
Director, Reinvestment / Development - Office Division
Position Summary:
The Reinvestments Director will be responsible for managing major capital projects from inception through completion across the office portfolio. The position manages project budgeting, feasibility, and stakeholder collaboration to drive value while ensuring all design and construction parameters are met. This role will include investment analysis, strategic capital planning and project management.
Key Responsibilities:
- Provide centralized oversight of operating portfolio capital investment, including asset repositioning, outdoor improvements, lobby renovations, amenity enhancements, adaptive reuse, and other major capital projects.
- Partner with leasing, operations, and asset management to strategically identify reinvestment projects, justify the business case, and prioritize/sequence projects appropriately.
- Define the required scope of improvements in accordance with established guidelines, segmentation, and brand standards.
- Manage project budgeting and reporting by maintaining up-to-date budgets, schedules, forecasts, and projections.
- Collect and synthesize reinvestment project data, review variance analyses, proactively address budget concerns, and regularly communicate updates to the executive team.
- Collaborate with internal stakeholders and external design consultants / general contractors to prepare, align, and seamlessly execute capital reinvestment plans.
- Analyze and ensure project feasibility for redevelopment and repositioning, including researching requirements of municipal bodies, conducting initial feasibility studies, performing market and competing product analyses, and completing land use studies.
- Develop formal presentations for Senior Management at key design and project milestones.
- Evaluate design and construction assumptions to enhance project value, integrate tenant lease requirements, and verify that program, budget, and schedule parameters are maintained throughout construction.
- Proactively establish and maintain industry contacts and market knowledge, staying informed of office industry trends and competitive properties to drive innovative asset reinvestment.
- Additional Skills: Highly proficient in Google Workplace, Microsoft Excel, Word, PowerPoint, and industry-specific application, Argus.
- Preferred Education: Bachelor's Degree (or equivalent experience), MBA, MRED or advanced degree preferred
- Preferred Years of Relevant Work Experience: 10+ years in real estate asset management and construction.
Additional Requirements:
Travel Required Valid California driver's license; Maintain continuous vehicle liability insurance as required by state law.
Compensation:
Base Pay Range: $155,000.00 - $200,300.00 Actual placement within this range may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. The Company also offers competitive benefits for full time employees including paid time off, matching 401(k), and health benefits.
About Us:
Irvine Company Office Properties (a division of Irvine Company) offers a portfolio that includes more than 550 office buildings in premier locations: Orange County, Los Angeles, San Diego, Silicon Valley, Chicago and New York. We've evolved the traditional office to something much more: a modern working community. Featuring innovative workplace design, quality craftsmanship, dedicated management and a collection of memorable experiences that seamlessly combine to build a vibrant workplace community. We take as much pride in our employee community as we do the communities we create. It's an environment populated with talented and experienced people, a collaborative spirit and abundant opportunities.
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JOB OVERVIEW
Salary
$155,000 - $200,300 per year
Experience level
Manager
Location
Irvine, CA
Occupation
Property, Real Estate, and Community Association Managers
Industry
Nonresidential Property Managers
Posted
2 days ago
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