Development Associate

The Sobrato Organization • Mountain View, CA

8h • $130,000 - $155,000 • Hybrid

About The Position

The Development Associate is part of a team focused on developing commercial and multifamily real estate projects in the San Francisco Bay Area. The role supports projects across the development lifecycle, from feasibility analysis and financial modeling through design, marketing, construction, and asset management. The associate contributes to evaluating potential acquisitions, managing existing assets, and providing analytical and project coordination support to help execute projects successfully.

The position primarily supports real estate development activities and may also contribute to cross-organizational initiatives related to housing security and sustainability. It reports to the Senior Vice President, Real Estate and Development.

Requirements

• Bachelor’s degree in Real Estate, Finance, Economics, Business, Urban Planning, Architecture, Engineering, or a related field, or an equivalent combination of education and experience.
• 3–5 years of relevant experience in real estate development, construction management, investment analysis, asset management, or a related field.
• Demonstrated experience with financial modeling, project budgeting, pro forma analysis, and real estate underwriting.
• Knowledge of the real estate development lifecycle, including acquisition, due diligence, entitlement, design, construction, and asset management.
• Familiarity with zoning, permitting, entitlement processes, and development due diligence.
• Proficiency with Microsoft Office products, including Outlook, Excel, Word, and Teams, and project management tools.
• Effective project management and organizational skills, including the ability to manage multiple projects, priorities, and deadlines in a fast-paced environment.
• Strong analytical, problem-solving, and critical-thinking skills, including the ability to identify risks and recommend practical solutions.
• Experience tracking project budgets, schedules, cash flows, and key development milestones.
• Clear and concise written and verbal communication skills, including the ability to present information and recommendations to varied audiences.
• Ability to build and maintain effective relationships with consultants, contractors, brokers, lenders, government agencies, and internal stakeholders.
• Ability to work collaboratively with cross-functional teams and external partners.
• Detail-oriented, organized, proactive, and eager to learn.

Nice To Haves

• Knowledge of Argus.
• Familiarity with the Bay Area real estate market.
• Interest in or familiarity with sustainable development, ESG initiatives, or green building practices.

Responsibilities

• Evaluate project feasibility and produce or update financial models, pro formas, and analyses for new development opportunities and value-add acquisitions.
• Assist with project plans and budgets, including project strategy, design, timeline, and economic returns.
• Coordinate projects during entitlement and construction to support execution of project plans and on-time, on-budget delivery.
• Track budgets, invoices, cost variances, project cash flows, forecasts, and project reporting.
• Research market trends, comparable properties, zoning requirements, and construction costs.
• Assist with capital planning, investment memos, and marketing and financing materials for internal and external stakeholders.
• Support design coordination, entitlement processes, site planning, and permitting, and begin taking on management responsibilities for assigned projects.
• Support communication among consultants, contractors, architects, internal stakeholders, and other project team members.
• Develop and maintain relationships with consultants, brokers, lenders, and other partners.
• Monitor and update project schedules and documentation, including construction and entitlement progress and project milestones.
• Prepare materials such as project plans and presentations for Real Estate Executive Committee meetings.
• Communicate and collaborate with internal and external team members about project details and status.
• Help coordinate capital projects, asset management activities, and marketing communications as needed.
• Perform other responsibilities as assigned.

Benefits

• Medical, dental, and vision benefits for employees and dependents beginning the first of the month following hire.
• Short- and long-term disability and life insurance.
• Fertility program benefits.
• Mental health benefits for employees and dependents.
• Retirement savings account with matching contributions of up to 10%.
• Twenty PTO days in the first year of service, in addition to paid year-end closure days between Christmas and New Year’s Day.
• Eleven paid holidays.
• Transit commuter benefits.
• Tuition assistance and professional development initiatives.
• Technology allowance.
• Employee matching gifts program.
• Parental leave.
• Flexible and inclusive work environment.
• Business casual dress code and a professional yet comfortable work environment.
• Catered lunches, healthy snacks, and beverages.
• Acknowledgement for exceptional work and important moments in employees’ lives.
• Discretionary bonus eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level