University of Washington • Seattle, WA 98194
Job #2693373260
Req #: 232870
Department: UW FACILITIES
Appointing Department Web Address: ~~~/
Posting Date: 05/10/2024
Open Until Filled
Salary: $22,917 - $26,667 per month
Shift: First Shift
As a UW employee, you will enjoy generous benefits and work/life programs. For a complete description of our benefits for this position, please visit our website, click here. (~~~)
As a UW employee, you have a unique opportunity to change lives on our campuses, in our state and around the world. UW employees offer their boundless energy, creative problem-solving skills and dedication to build stronger minds and a healthier world.
UW faculty and staff also enjoy outstanding benefits, professional growth opportunities and unique resources in an environment noted for diversity, intellectual excitement, artistic pursuits and natural beauty.
UW Facilities manages the University's buildings, infrastructure and land, with more than 1,100 employees in a variety of fields. The Asset Management group includes Capital & Space Management, Real Estate, Sustainability and other teams responsible for planning and workload management. The Operations group includes Project Delivery, Maintenance & Construction, Campus Utilities & Operations, Building Services, Transportation Services and Safety. Supporting these groups are the Business Intelligence & Information Technology group and the Finance & Administration group.
UW Facilities has an excellent opportunity for the position of Assistant Vice President of Real Estate Development & Chief Real Estate Officer. This senior level position reports directly to the Vice President of Facilities.
Position Purpose
The Assistant Vice President of Real Estate Development and Chief Real Estate Officer leads the talented team of UW Real Estate professionals, with focus on economic development and public private partnerships to drive value while meeting the overall needs and priorities of the institution.
Primary Duties and Responsibilities
The scope of work for the Assistant Vice President (AVP) of Real Estate Development & Chief Real Estate Officer (CREO) encompasses oversight of a broad range of functions integral to the University's real estate operations.
UWF Executive Leadership [20%]
Development (40%)
Economic Development: Identify, evaluate, and pursue real estate opportunities while overseeing myriad internal and external stakeholders in collaborative engagement for the purpose of strategically planning and developing the University's real estate assets in support of and in alignment with the highest needs and priorities of the institution. This work will directly involve furthering relationships with external entities, including private industry, non-profit groups, governmental agencies, and neighborhood/community organizations in support of the University's ambition to enable brilliant ideation, planning and execution of sound economic development initiatives that expand the impact of the University's teaching, research, health care and public service missions.
Real Estate Development & Complex Transactions: Lead recruitment of developers for Public/Private Partnership projects at all the University's campuses as part of a team-based approach with the Project Development Group and Campus Architecture and Planning. Lead negotiations with external parties, representing the University's best interests in ground leases and related development delivery models. Assess transaction viability through financial analysis in coordination with UW Facilities Finance and Budget staff. Collaborate with real estate advisors to conduct feasibility studies, market analyses, and due diligence for decision-making. Work with legal counsel to navigate complex transactions, ensuring adherence to all relevant laws and regulations. Review contracts for alignment with University objectives. Oversee execution of approved transactions, monitoring milestones and resolving issues.
Portage Bay Crossing: Provide visionary leadership to advance the University's West Campus Vision, aligned with the University's strategic goals and UW Seattle Campus Master Plan, for future development of 3 million square feet of space (over 66 acres). Foster connections across campus and with potential industry partners. Identify and leverage opportunities for collaboration with private industry, community partners, nonprofits, and government agencies. Navigate institutional decision-making and collaborate with colleagues to ensure successful project execution, balancing competing capital investment needs. Utilize expertise in institutional facilities planning, campus master planning, and real estate development, including financial forecasting and creative financing.
o Collaboration: Work closely with many University units, both within UW Facilities and across the UW Seattle campus. Gather information from those units, as well as from the various external entities noted above and facilitate discussions with a wide array of campus stakeholders to identify partnership opportunities which add value. Campus partners will include:
UW Executive Office: UW Leadership will establish the vision for economic and real estate development, and this position will work closely with the UW VP of Facilities to keep the Executive Office informed and ready to make decisions as opportunities for development are considered.
UW Office of External Affairs: This unit is responsible for relations at the federal, state, and local level and is a resource for identifying potential agency partners as well as ensuring that development is consistent with the University's legislative strategy.
UW Advancement: This unit brings opportunities for connection with partners and/or funding which could help drive the development of the UW campus. It includes UW Marketing and Communications, which can assist with outreach and messaging.
UW Office of Research: This office is a valuable resource for identifying existing and potential research partnerships with the private sector, as well as potential sponsorship opportunities and needs for specific space types.
UW Facilities Asset Management: This unit includes the Campus Architecture and Planning team that drives the UW's overall space strategy and works closely with individual academic and research units to meet their space needs. The position will work closely with the Campus Architecture and Planning team to ensure that any new development will contribute to a cohesive district character, provide affordable space for UW units, and enable the potential vacation and demolition of existing campus space with substantial deferred maintenance, all while being consistent with the Campus Master Plan. UW Facilities Asset Management also includes the Project Delivery Group which has responsibility to deliver major capital project design and construction services once projects are formed. This includes serving in a Project Management role as an owner's representative for UW for developer-led Public-Private Partnership agreements.
West Campus Visioning Committee (WCVC): Oversee the WCVC, leading quarterly meetings and facilitating sub-committee activities, and ensuring focus on strategic goals while operating within framework of established governance. Act as the primary liaison between WCVC, UW President's Office, and the Board of Regents. Collaborate with WCVC Committee Chair on recruitment and replacement of new committee members.
o Facilitation: Serve as the focal point for inquiries about "Portage Bay Crossing" and other development opportunities with external entities. Make presentations and conduct tours of the area, and liaison with UW Facilities, internal UW partners in research, academia, and senior administration. Engage external stakeholders for the purposes of maximizing impact to realize the West Campus vision, including furthering relationships with private industry, non-profit groups, governmental agencies, and neighborhood/community organizations.
Occupancy: Work closely with development partners on occupancy in buildings which expands potential for strong partnerships with external entities (private industry, neighborhood/community partners, non-profit organizations, governmental agencies, etc.) and academic entities to support student engagement, research opportunities, affordable housing, and urban vitality.
Convene: Convene industry forums to connect with partners who could help shape plans and vision for the implementation of realizing the Portage Bay Crossing and other campus-wide development potential.
Connect: Meet periodically with UW Housing and Food Services, Asset Management, UW Alumni Association, KUOW, Campus Community Safety, and other UW entities which occupy or operate facilities either in Portage Bay Crossing or elsewhere in the University District to learn about current challenges and future plans.
Trends: Stay current on regional and national development trends for public universities as they engage in their environs and neighborhoods to bring ideas and knowledge and ensure the UW's plans maximize opportunities to contribute substantially to both the campus vision and mission and the successful growth and vitality of the Portage Bay Crossing and adjacent neighborhoods and the city of Seattle overall.
Husky Real Estate Initiative: Evaluate potential to create new value through initiatives for real estate development and investment, capitalizing and leveraging the University's unique strengths. If proven feasible, form a team of skilled professionals to deliver and manage the program.
Real Estate Services and Asset Management (15%)
Metropolitan Tract [10%]
Advisory Committee on Real Estate (ACRE) [10%]
Additional Duties (5%)
Core Competencies
Requirements include:
Equivalent education/experience will substitute for all minimum qualifications except when there are legal requirements, such as a license/certification/registration.
Desired:
Conditions of Employment:
UW Facilities has retained Korn Ferry to assist with the Assistant Vice President of Real Estate Development search. Inquiries and nominations may be made in confidence by contacting Korn Ferry's team through the following link: Korn Ferry Careers .Applicants should email a resume and cover letter to ~~~.
The application process for UW positions may include completion of a variety of online assessments to obtain additional information that will be used in the evaluation process. These may include Work Authorization, Cover Letter and/or others. Any assessments that you need to complete will appear on your screen as soon as you select "Apply to this position". Once you begin an assessment, it must be completed at that time; if you do not complete the assessment, you will be prompted to do so the next time you access your "My Jobs" page. If you select to take it later, it will appear on your "My Jobs" page to take when you are ready. Please note that your application will not be reviewed, and you will not be considered for this position until all required assessments have been completed.
University of Washington is an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, religion, color, national origin, sexual orientation, gender identity, sex, age, protected veteran or disabled status, or genetic information.
University of Washington • Seattle, WA 98194 • 4 Days Ago
University of Washington • Seattle, WA 98194 • Yesterday
University of Washington • Seattle, WA 98194 • 5 Days Ago
University of Washington • Seattle, WA 98194 • 5 Days Ago
TEKsystems • Seattle, WA 98101 • 3 Days Ago
ABBTECH Professional Resources, Inc. • Lynnwood, WA 98037 • 14 Days Ago
Accenture • Seattle, WA 98194 • Yesterday
Actalent • Seattle, WA 98194 • 8 Days Ago