The CBRE is seeking a part-time, year round person to work with the New York Institutional Group that handles investment property sales in suburban New York (including New Jersey, Westchester County, Fairfield County and Long Island).
The position is located in the Stamford, Connecticut office. The New York Institutional Group is a 15-member investment sales team that represents institutional owners in the sale of office, multifamily, industrial, and retail properties in the New York Tri-State region.The team was CBRE's #1 investment team worldwide in 2003, 2004 and 2007 and #2 in 2005, 2006, 2008 to 2012, and 2016. The team has sold or recapitalized more than 54.8 million square feet of office, 14.4 million square feet of industrial, 15.7 million square feet of retail and 31,000 multi-family units valued at over $23 billion since 2000.
The position encompasses a wide range of responsibilities that are all centered on the pursuit, marketing and sale of office, retail, multi-family, industrial, and mixed-use properties. The job requires an individual who is self-motivated and internally driven to perform at a high level in a collaborative team environment. The individual will work under the direct supervision of Jeff Dunne, Vice Chairman and various members of the team.
This role is intended to provide a well-rounded knowledge of the commercial real estate business and valuable skills, earned by working alongside talented professionals in the largest and most successful global commercial real estate services firm.
Position responsibilities and attributes include, but are not limited to:
Preparing property analysis of real estate assets:
- Analyze market conditions including sale and rent comparables, employment trends and demographic profiles
- Understand physical attributes of asset that impact the appeal of the property to tenants and investors
Client presentations and customer (market) facing offering materials
- Preparing presentations for client meetings
- Assist in creating Offering Memorandum that markets investment opportunities to potential investors
- Supplemental marketing information including press releases, client meeting presentations and marketing mailers
- Details on comparable property sales and rental rates
- Understanding major employment drivers in any given metro region
- Entertainment and lifestyle attractions of property locations
- Conduct asset research - owners, properties, development history
- Maintain construction pipeline details using available software applications
Driven to Perform - The New York Institutional Group works with the largest and most sophisticated property owners in the world including pension funds, REITs, private equity firms and insurance companies. The Group has earned the ability to work with an elite roster of clients as it deliveries exceptional service and results.
Project Management - Manage multiple projects simultaneously with the ability to make decisions regarding time management and priorities.
College Juniors strongly preferred
Strong written and verbal communications skills
Keen analytical acumen with familiarity and/or ability to learn financial terms and principles necessary in real estate underwriting, including discounted cash flow, NPV, IRR, etc.
Thorough and diligent fact-finder, copywriter and proofreader
Ability to meet deadlines and work on multiple projects at the same time
Strong proficiency in Microsoft Office (i.e. Excel, Word, PowerPoint, Outlook, etc.)
Internal Number: 19044343
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.