Real Estate Transaction Manager

Location: Albany, NY, US

Summary

The Real Estate Transaction Manager provides legal support to the Authority’s Real Estate division with expert experience and knowledge of all facets of real estate transactions including leasing, acquisitions and disposals, contract review and negotiation, survey and title review.  The Real Estate Transactions Manager serves as the real estate department’s representative in the negotiation and closing of complex transactions involving multiple internal and external parties. 

Responsibilities
  • Represent  Real Estate in transactional activities including acquisition of new real property, disposition of surplus lands.
  • Negotiate and prepare lease documents for commercial and industrial leasing. Management of lease documents. Negotiate, draft and analyze a broad range of legal documents related to real estate matters, including contracts, deeds, easements, permits and other real estate related documents.
  • Provide guidance for the leasing activities for NYPA’s White Plains Offic
  • Compile and draft required annual and periodic reports.
  • Provide professional support for the department’s real estate closing and permitting process. Provide the Manager of Corporate Real Estate with informed recommendations pertaining to the acquisition or disposal of NYPA real property and complex leasing transactions as both landlord and tenant.
  • Ensure that the Eminent Domain Procedure Law and other applicable statutes are properly followed in cases involving NYPA’s appropriation/acquisition of real property.
  • Confer on NYPA transaction-related real estate activity with all appropriate Federal and State agencies.
  • Assist the Legal Department in the defense of claims against the Authority and participate in the settlement of existing and potential claims.
  • Provide expertise and support to NYPA’s permitting program.
  • Provide professional real estate supportto other NYPA departments.
Knowledge, Skills and Abilities
  • Knowledge of and ability to prepare real estate related legal documents, including ontracts of sale, option agreements, settlement documents, and closing papers, in association with the purchase and sale of real estate and interests in real estate prior to final legal review by the Law Dept. Practical experience with Easements and Licenses.
  • Ability to professionally manage and coordinate a wide range of real estate matters in a fast paced environment.
  • Ability to manage real estate tax valuation issues (including Payments in Lieu of Tax issues) and analysis.
  • Knowledge of the application of appraisal techniques of income approach, replacement cost and comparable sales.
  • Ability to read and understand complex maps and site plans. Knowledge of surveying and Geographic Information Systems.
  • Knowledge of NYPA’s relationships with other utilities, New York State agencies and authorities; particularly the Department of Public Services, Department of Law and Department of Transportation.
  • Knowledge NYPA’s RE acquisition and disposal procedures.
  • Understanding of the Public Authorities Law (PAL), and how it applies to the acquisition and disposal of interests in Real Property.
  • Knowledge and experience in appraisal review, contract and document negotiation, title review and Eminent Domain procedures, preferred.
  • Knowledge of surveying, engineering, and construction methodology is preferred
  • Strong negotiation skills; skilled in conflict resolution.
  • Strong interpersonal skills, team player.
Education, Experience and Certifications
  • Juris Doctor Degree strongly preferred.  License to practice law in New York State, preferred.
  • Minimum of 5 years of professional experience in a diversified real estate setting; 10 years of professional experience in a diversified real estate setting, preferred.
  • Prior experience in New York State or  other government, preferred.
  • Experience in handling sophisticated real estate transactions.
  • Prior experience with proceedings under the NYS Eminnent Domain Law, preferred.
  • Experience with surveys and GIS, contract and document negotiation and title review and Eminent Domain procedures, preferred.
  • Experience in the application of appraisal techniques of income approach, replacement cost and comparable sales, preferred
Physical Requirements
  • Some in-state travel, including periodic overnight travel, is required.
  • There may be unusual work hours depending on the on-going work load.

 

The New York Power Authority is an Equal Opportunity Employer                       


Nearest Major Market: Albany