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Job Description
The Director, Real Estate, Asset Management is a key member of the Real Estate and Store Development team and will oversee the existing real estate portfolio. This role’s responsibilities include lease renewals, real estate document management, dispositions, sub-leases, landlord requests and approvals, property issue resolution and new office transactions. This role is a key partner to Nordstrom internal stakeholders that engage with our real estate portfolio such as Facilities, Accounting, Store and Regional Teams, Risk Management, etc as well as the primary point of contact for the Landlords of our existing portfolio. The role supports a Real Estate Manager and a Senior Real Estate Specialist. The ideal candidate is a self-starter who thrives in a fast-paced, ambiguous environment and has a deep passion for real estate. Outstanding project management and communication skills, both written and verbal are required.
KEY RESPONSIBILITIES:
Develop and implement strategic plans to maximize the value of the real estate portfolio.
Analyze market trends and property performance.
Ensure compliance with legal and regulatory requirements.
Collaborate with cross-functional teams (including Legal, Finance, Facilities and Operations) to execute asset management strategies.
Oversee leand office related leasing and acquisition activities.
Evaluate property performance metrics (e.g. occupancy rates, rental income, expense) and recommend optimization strategies.
Manage relationships with external partners, including property managers, brokers, vendors and landlords
Participate in due diligence for new investments and assess local management and leasing professionals.
Provide leadership and mentorship to the asset management team.
Enhance the customer experience through consideration of customer needs and expectations, maximizing operational efficiencies and space allocation.
Participate in pre-construction meetings with contractors to identify challenging items and propose solutions as needed.
Drive the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly, developing contingency plans; and demonstrating adaptability and supporting continuous learning.
Ensure business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost-effectiveness; and participating in and supporting community outreach events.
Manage financial aspects and budgets to drive efficiencies and continuous improvement within the organization.
LEADERSHIP COMPETENCIES:
Communicates Effectively: Develops and delivers a variety of communication methods that convey a clear understanding of the unique needs of different audiences.
Has Courage: Address difficult issues by saying what needs to be said.
Develops People: Develops people to meet both their career goals and the organization’s goals.
Decision Quality: Makes sound and timely decisions that keep the organization moving forward.
QUALIFICATIONS:
Location requirements: Seattle, WA
Bachelor’s degree in Real Estate, Finance, Business or related field (Master’s preferred).
Minimum 8-10 years of experience in real estate asset management (retail real estate experience preferred).
Strong financial acumen and analytical skills.
Knowledge of real estate markets, value-add strategies and relevant IT systems.
Excellent negotiation and communication abilities.
Skilled at driving results and leading a team effectively.
Ability to travel as needed for site visits and meetings.
We’ve got you covered…
Our employees are our most important asset and that’s reflected in our benefits. Nordstrom is proud to offer a variety of benefits to support employees and their families, including:
Medical/Vision, Dental, Retirement and Paid Time Away
Life Insurance and Disability
Merchandise Discount and EAP Resources
A few more important points...
The job posting highlights the most critical responsibilities and requirements of the job. It’s not all-inclusive. There may be additional duties, responsibilities and qualifications for this job.
Nordstrom will consider qualified applicants with criminal histories in a manner consistent with all legal requirements.
Applicants with disabilities who require assistance or accommodation should contact the nearest Nordstrom location, which can be identified at www.nordstrom.com .
© 2022 Nordstrom, Inc
Current Nordstrom employees: To apply, log into Workday, click the Careers button and then click Find Jobs.
Pay Range Details
The pay range(s) below are provided in compliance with state specific laws. Pay ranges may be different in other locations.
Washington: $150,000- $245,000 annually
This position may be eligible for performance-based incentives/bonuses. Benefits include 401k, medical/vision/dental/life/disability insurance options, PTO accruals, Holidays, and more. Eligibility requirements may apply based on location, job level, classification, and length of employment. Learn more in the Nordstrom Benefits Overview by copying and pasting the following URL into your browser: https://careers.nordstrom.com/pdfs/Ben_Overview_20-21.pdf
About Us
We’re a fast-moving fashion company that started as a shoe store in 1901. This heritage of service is the foundation we’re building on as we provide convenience and true connection for our customers. We empower our people to be innovative, creative and focused on providing the best service to our customers. Through it all, we remain committed to leaving the world better than we found it.
Whether you’re a genius engineer, a phenomenal salesperson or a supply chain pro, we invite you to bring your unique talents and join our team. We reward great work, promote from within and celebrate diversity.
CUSTOMER OBSESSEDWe strive to know our customers better than anyone else. We listen, anticipate, build trust and move with speed to deliver on their needs.
OWNERS AT HEARTWe treat every interaction as an opportunity to make an impact and deliver excellence.
CURIOUS AND EVER CHANGINGWe approach problems with curiosity and create solutions. We unlock potential to be bold, think big and inspire innovation.
HERE TO WINWe’re committed to delivering results, both today and tomorrow. We win as a team by supporting and challenging one another to be better every day.
WE EXTEND OURSELVESWe treat each other with respect and kindness. We do the small things that make a big difference. We create a welcoming environment, helping people feel connected, valued and part of one community.
Come on! Join us!