Real Estate Paralegal
Company: Macerich
Location: Santa Monica
Posted on: May 4, 2024
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Job Description:
Real Estate Paralegal Santa Monica Corporate Office Santa
Monica, California Great people make great properties. As a
shopping center developer of some of the nation's best real estate
in top markets, Macerich offers opportunities to work, grow and
develop your unique talents. Apply now to help us shape the future
of retail real estate while building a meaningful, rewarding, and
balanced career. The Position on our Team: 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. This is a full-time, hybrid role based out
of our Santa Monica Corporate Office. There will be three days
worked in the office and two days with the option to work remotely.
In This Role, You Will: Review existing leases, Reciprocal Easement
Agreements (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, Common Area Maintenance (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, Covenants, Conditions, and Restrictions (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. What You Bring to Macerich: Requirements
and Qualifications: Paralegal certificate from an ABA approved
school is required. Bachelor's degree preferred but not required.
3+ years of law firm and/or in-house experience as a real estate
paralegal required, with substantial title and survey expertise
preferred. Excellent computer skills to include MS Office, Adobe
Acrobat/Reader, iManage, Workshare and Redline. 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. Interpersonal
Competencies: Fostering Teamwork: As a team member, demonstrates
the ability and the desire to work cooperatively and
collaboratively with others on a team. Salary Estimated
compensation for this position is: $80,000 to $110,000 (Annual) +
Bonus Eligibility The salary listed is an estimate and not
guaranteed. A salary offer will vary based on applicant education,
experience, skills, abilities, geographic location, internal
equity, and alignment to market data. Why You'll Love Working with
Us: We know our people make us who we are, and we take pride in
recruiting and retaining the best and brightest employees from all
backgrounds. We recognize the value of strengthening our workforce
with diverse thoughts, voices, ideas and people. This makes our
company a rewarding and energizing environment to work in. As an
employee with Macerich, you will also benefit from the following:
Best-in-class benefits with affordable employee contribution
levels. Hybrid work schedule with the ability to work remotely two
days per week. Annual paid time off, including vacation time, 12
paid holidays and 80 hours of sick time annually. Savings accounts
for your future through 401K and Health Savings Accounts.
Participation in the Company stock program at a discount. 24 paid
volunteer hours annually and employer charitable match benefit. A
sense of belonging fostered by wellness, satisfaction, diversity
and inclusion. Why Macerich We create places where people come
together. Macerich is reinventing the retail experience bringing
together the best of shopping, dining, office, multifamily and
experiences to meet the needs of the communities we serve. With 44
properties in some of the most vibrant, bustling cities across the
country from New York to California, Macerich is setting the bar
for transforming retail real estate into our vision for Regional
Town Centers for everyone. Our Culture of Belonging At Macerich, we
prioritize diversity, inclusivity, and equity, benefiting our
employees, workplaces, and communities. We actively seek talented
individuals from diverse backgrounds, recognizing the strength it
brings. Our goal is to create a thriving, respectful environment
that celebrates uniqueness and fosters learning. We are proud of
our practices promoting equal employment and advancement
opportunities. Macerich welcomes all qualified applicants,
regardless of protected characteristics. For further details, refer
to our Anti-Harassment, Discrimination, and Retaliation Policy. We
provide reasonable accommodations for individuals with
disabilities. Contact our People team for assistance. We strive to
be leaders in our industry by operating properties that prioritize
responsible stewardship of our resources for the benefit of our
tenants, guests, investors, employees, communities, industry
partners and the planet. We are also committed to creating a
diverse, inclusive, and equitable workplace where all employees can
thrive. By prioritizing and investing in our employees, we create
value for our workplaces and Regional Town Centers, as well as the
communities we serve. Employment Type: Full Time Years Experience:
3 - 5 years Salary: $80,000 - $110,000 Annual Bonus/Commission:
No
Keywords: Macerich, Montebello , Real Estate Paralegal, Legal , Santa Monica, California
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