Real Estate Transactional Paralegal

Macerich • Phoenix, AZ

9d

About The Position

The Real Estate Paralegal assists the Company’s legal real estate transactional attorneys by providing a wide variety of real estate-oriented paralegal managerial and support functions to a busy real estate transactional practice. The successful candidate must be able to perform the essential functions of the position satisfactorily. If requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship.

Requirements

• Paralegal certificate from an ABA approved school is highly preferred but not required.
• Bachelor’s degree preferred but not required.
• 5+ years of law firm and/or in-house experience as a real estate paralegal required
• Substantial title and survey expertise preferred.
• Excellent computer skills to include MS Office, Adobe Acrobat/Reader, iManage, Workshare and Redline.
• Ability to work independently.
• All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation.
• Reasonable accommodations may be made to enable individuals with disabilities (and others in accordance with applicable law) to perform the essential functions of the job, consistent with applicable laws and Company policy.

Responsibilities

• Review existing leases, REAs and other documents for existing exclusives and prohibited uses/use restrictions and prepare schedules/exhibits of same for pad sales and anchor/big box lease transactions.
• Perform due diligence reviews of leases and REAs interpreting relocation rights, repair obligations, options to extend, co-tenancy obligations, radius restrictions, no-build zones, protected areas, termination rights, CAM language, exclusive uses and all other rights, remedies and controls of the parties to the lease and provide written assessments.
• Draft template REA and anchor lease amendments, purchase and sale agreements, CC&Rs and other legal documents, prepare correspondence, memos and reports.
• Prepare critical dates charts for anchor projects; manage critical dates and deadlines for anchor projects in process.
• Managing the Company’s process for obtaining title information, including the following: place title orders, review of title and survey matters, work with company personnel and third parties (buyers and tenants) to resolve title and survey issues, and coordinate and facilitate issuance of title insurance policies; update the legal department database of title reports, title policies and surveys; prepare legal description exhibits for use in real estate transactions. Certain of these functions may be co-managed.
• Managing inquiries regarding property ownership, including: research of real property history and chain of title; confirm and diagram fee and leasehold property ownership.
• Managing the process of providing property-related legal information for due diligence needs in shopping center sales, including: prepare due diligence lists (e.g., schedules of key real estate documents) and folders for shopping center sales, advise and assist asset management in response to buyer due diligence inquiries, and advise and assist asset management with preparation of and response to estoppel certificates.
• Manage documentation for large transactions; coordinate execution and delivery of documents; prepare transaction summaries; prepare and maintain closing binders and organize and maintain all department files.
• Handle escrow transactions for pad/outparcel/excess land sales, including monitoring and coordinating escrow responsibilities, and preparation of closing documents and closing instruction letters.
• Handle and manage, under real estate attorney guidance, the preparation and/or review and processing of estoppel certificates, and the due diligence required for issuance of estoppel certificates, as well as easements, other simple development related agreements.
• Catalog development memos for shopping center malls.
• Notary or open to becoming a notary.
• All other duties as assigned.

Benefits

• Best-in-class benefits with affordable employee contribution levels
• Paid time off, including vacation time, 12 paid holidays and 80 hours of sick time annually
• 401(k) match with immediate vesting
• Ability to purchase company stock at a 15% discount
• 24 paid volunteer hours and employer charitable match
• Employee Assistance Program
• Career-development resources
• Comprehensive wellness program including Calm Health and ClassPass memberships
• Flexible Fridays (location dependent)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees