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Corporate Real Estate Manager

Job Description

CoStar Group Company Intro:

CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings for our customers. We’ve continually refined, transformed, and perfected our approach to our business, creating platforms that have become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.

About the Role:

CoStar Group is seeking a dynamic and experienced Corporate Real Estate Manager to lead our company’s leased office space portfolio and leasing activities. This role involves managing all aspects of office space requirement planning, lease negotiations, and ongoing lease administration, while working closely with internal stakeholders and tenant-representative brokers. The ideal candidate will be a strategic thinker with a strong ability to negotiate and administer leases, focusing on achieving optimal outcomes for the business. This position is crucial in ensuring the alignment of our real estate strategy with company objectives, without acting as a broker.

Key Responsibilities:

+ Collaborate with the VP of Corporate Real Estate to develop and execute location strategies and manage the site selection process for corporate spaces.

+ Lead feasibility studies and space needs assessments in partnership with internal teams, driving search activities to meet business requirements.

+ Engage and coordinate with tenant-rep brokers to negotiate favorable lease terms with landlords, representing the company's best interests.

+ Oversee lease contract administration, including new leases, amendments and renewals, responding to evolving business needs and feedback from key internal stakeholders.

+ Manage the lease portfolio by coordinating with lease administration and accounting teams to ensure timely and accurate reporting.

+ Partner with cross-functional teams, including legal, finance, construction, and capacity planning, to align on business terms and project execution.

+ Partner with the VP of Corporate Real Estate on more complex projects, including economic development negotiations and sale-lease-back transactions for owned properties.

+ Review and approve lease-related documents, including letters of intent, service agreements, and supplemental rent roll.

+ Track tenant improvement allowances and ensure the alignment of landlord work letters with project needs.

+ Maintain a long-term view of space requirements, optimizing portfolio metrics and tracking mechanisms.

+ Serve as the primary point of contact for all lease-related inquiries, providing expert guidance to internal teams.

+ Travel domestically and internationally as needed (up to 25+%).

+ Support negotiations for master service agreements (MSAs), work orders (WOs), subordination agreements (SNDA), and other real estate portfolio-related contracts.

Basic Qualifications:

+ Bachelor’s degree in business, real estate, or a related technical field.

+ A track record of commitment to previousemployers.

+ Corporate Real Estate or Brokerage experience.

+ 8+ years of experience in managing leased real estate portfolios and/or corporate real estate programs, including site selection, lease negotiations, contract management and space planning.

+ Proven track record of leading complex lease negotiations and contract administration.

+ Strong analytical, communication, and organizational skills with the ability to distill complex commercial and contractual details to stakeholders at all levels.

+ Experience coordinating multiple projects and working collaboratively with internal teams, external consultants, and vendors.

+ Proficiency in Excel, PowerPoint, and lease management systems.

Preferred Qualifications:

+ Background in contract management and a solid understanding of commercial leases and related legal documents.

+ Experience working in a fast-paced corporate environment, balancing competing priorities.

What’s In It** **For** **You?

When you join CoStar Group, you’ll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.

We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

Our benefits package includes (but is not limited to):

+ Comprehensive healthcare coverage: Medical / Vision / Dental Prescription Drug

+ Life, legal, and supplementary insurance

+ Virtual and in person mental health counseling services for individuals and family

+ Commuter and parking benefits

+ 401(K) retirement plan with matching contributions

+ Employee stock purchase plan

+ Paid time off

+ Tuition reimbursement

+ On-site fitness center and/or reimbursed fitness center membership costs (location dependent)

+ Access to CoStar Group’s Diversity, Equity, & Inclusion Employee Resource Groups

+ Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.  However, please note that CoStar Group is not able to provide visa sponsorship for this position.

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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.

We have been living and breathing the world of real estate information and online marketplaces for over 37 years, giving us the perspective to create truly unique and valuable products and services. We’ve continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry and for our customers. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.

CoStar is committed to creating a diverse environment and is proud to be an equal opportunity workplace and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. CoStar is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access www.costargroup.com/careers as a result of your disability. You can request reasonable accommodations by calling 1-855-840-1715 or by sending an email to [email protected] .