Project Development Assistant Jobs in Boston, MA

BioMed Realty, a Blackstone portfolio company and The Leading Provider of Real Estate Solutions to the Life Science Community, is looking for an experienced Assistant Project Manager. The successful candidate will be responsible for managing and supporting project activities in the Boston/Cambridge area and other markets on the East Coast.

Responsibilities will include tracking project budgets, projecting cash flows, ensuring design and construction documents comply with project requirements, assisting Project Manager in reviewing and approving design and construction contracts, GMP submittals, bid documents, pay applications, change orders, etc. During construction phase, provide support to Development Director and/or Project Manager in management of construction projects, including oversight of construction activities and management/execution of projects related to development activities. Works closely with both internal and external team members.

What You'll Do

• Supports Development Directors and/or Project Manager's during the overall planning and execution for real estate development projects, including core-shell renovations, interior tenant improvements, asset repositioning, entitlements and ground-up construction.
• Attend design and construction project meetings while managing meetings for small projects.
• Prepare financial business plans and related support including project summaries, budgets, schedules, drawings and financial analysis, for review and approval by management.
• Update and track monthly cashflow models for respective projects. Will require coordination with both internal and external teams.
• Initiate cost reporting activities for relevant development projects. Facilitate cost tracking information between departments on a quarterly basis.
• Develop processes to ensure that construction contracts are continually monitored to ensure that each project continues in accordance with the approved plan and that all obligations are met and project requirements are achieved.
• Administer leases and develop processes to ensure that tenant improvement projects are advancing in a manner consistent with leases and draft approval letters as required by leases.
• Work with 3rd parties to successfully execute accessory projects related to larger development projects.

Experience & Qualifications

• Bachelor of Arts or Bachelor of Science Degree (emphasis in engineering, construction management, real estate or related field preferred.)
• Proven experience in real estate development, with a solid understanding of development processes. Experience with commercial real estate development or construction is preferred.
• Demonstrated command of Real Estate terminology and Real Estate Development Financial metrics, including Pro Forma spreadsheets and Leasing strategies and language.
• Demonstrated command of Excel, Word, and PowerPoint. Ability to employ AI technologies to enhance daily tasks including data management, workflow optimization, and collaboration.

Competencies Critical to Success

• Functional Expertise - demonstrates, acquires and applies knowledge of commercial real estate, construction and development
• Planning and Organization - sets priorities and defines actions, time and resources needed to achieve predetermined goals
• Attention to Detail - demonstrates a thorough and detailed method of working
• Financial Awareness - actively seeks opportunities to optimize costs and investments when making decisions that have a financial implication
• Analysis & Problem Solving - able to collect, consolidate and recognize important information, trace causes of problems, and identify practical, effective solutions
• Initiative/Drive - takes personal responsibility and shows persistence and tenacity in achieving concrete and tangible results
• Decision Making - draws correct and realistic conclusions and makes timely decisions based on available information
• Negotiation - explores alternatives and influences persuasively to reach favorable outcomes where decisions involve other parties
• Collaboration/Teamwork - works as a [reductive member of a group toward common goals, contributing to team development and effective team dynamics
• Written and Verbal Communication - expresses ideas and information effectively, in well organized and grammatically correct manner relevant to the recipient/audience
• Flexibility/Adaptability - maintains effectiveness in reaching set goals by adapting to changing circumstances, tasks, responsibilities and people
• Integrity - upholds expected social and ethical standards in job related activities and behaviors

Compensation: $95,000 - $120,000 base per year + bonus + benefits

The above represents the expected salary range for this job requisition. Ultimately, in determining pay, we'll consider location, experience, and other job-related factors.

Benefits 

At BioMed Realty, we make sure you have the support and resources to leverage and develop your skills, secure your financial future, and take care of your health and well-being. BioMed Realty continually seeks to provide a workplace where everyone can be their authentic self. Through BioMed Realty's competitive benefits offerings and various training and development opportunities, we have you covered with our Benefits Program which includes:

• Medical, Dental, and Vision Insurance
• Paid Time Off and Paid Family Leave Benefits
• 401(k) Retirement Savings Plan
• Tuition Reimbursement
• Flexible Spending Accounts
• Commuter Benefits
• Lifestyle Spending Account
• Pet Insurance
• ID Theft Insurance
• Legal Insurance
• Employee Assistance Program
• 100% Employer-Paid Life & AD&D Insurance, Short and Long Term Disability

Amenities  

• Offsite Gym
• Complimentary Snacks and Beverages 
• Onsite parking

Notice to Recruiters and Third-Party Agencies 
The Talent Acquisition team manages all recruitment and hiring for BioMed Realty. To be considered, external recruiters or agencies must have a fully executed search agreement in place. Agencies are not permitted to contact BioMed Realty employees directly to present candidates. Any candidate submitted without a prior agreement will be considered unsolicited, and BioMed Realty will not be responsible for any fees or charges related to such submissions.

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