Real Estate Counsel in Wilmington, Delaware at BPG Real Estate Service
Job Description
The Buccini/Pollin Group (BPG) is a Wilmington, Delaware based real estate investment, development and management company founded in 1993. BPG develops, owns and manages commercial office, multifamily residential, retail, hotel, parking, and sports and entertainment properties, with offices in Wilmington, Delaware, Chevy Chase, Maryland and Conshohocken, Pennsylvania. The BPG platform includes BPGS Construction, its construction management and general contracting affiliate; BPG|360, its commercial asset and property management company; and ResideBPG, its residential management and leasing company. BPG has led the transformation of downtown Wilmington and the Wilmington Riverfront, and continues to grow its office, residential and mixed-use portfolio throughout the Mid-Atlantic region.
Position SummaryThe Real Estate Counsel is an in-house legal resource for the leasing, property operations and transactional needs of the BPG portfolio. Reporting to the General Counsel, the Real Estate Counsel drafts, reviews and negotiates commercial and residential leases and related real estate documents, advises the leasing, asset management, property management, development, construction and finance teams, and supports acquisitions, dispositions and financings. The position requires a practical, business-minded attorney who can manage a high volume of matters, negotiate effectively with tenants and their counsel, and deliver timely and accurate work product that protects BPG and moves transactions to closing.
Commercial and Residential Leasing- Draft, review and negotiate office, retail, restaurant, medical and other commercial leases, lease amendments, renewals, expansions, extensions, surrenders and terminations for BPG owned and managed properties.
- Serve as the primary legal contact for tenants, brokers and tenant counsel in lease negotiations, including complex and contested negotiations.
- Prepare and review letters of intent, license agreements, guaranties, subordination, non-disturbance and attornment agreements, estoppel certificates, work letters and commencement date memoranda.
- Coordinate lease requirements across the leasing, asset management, construction, finance and property management teams, and obtain lender and equity partner approvals where required.
- Support the ResideBPG residential platform on residential lease forms, addenda, notices and landlord-tenant compliance matters.
- Advise on tenant defaults, lease enforcement, notices, collections and workouts, and coordinate with outside counsel on landlord-tenant litigation.
- Support acquisitions, dispositions, joint ventures and development projects, including purchase and sale agreements, due diligence, title and survey review, and closing documentation.
- Support construction and permanent financings, refinancings and loan modifications, including lender lease review, borrower deliverables and closing checklists.
- Review and negotiate easements, reciprocal easement agreements, declarations, condominium documents and other recorded instruments.
- Manage outside counsel on assigned transactions, monitor budgets and keep internal stakeholders informed of status and open items.
- Advise property management and operations teams on day-to-day legal issues arising at BPG properties, including vendor and service contracts, access and license agreements, and insurance and indemnity requirements.
- Review and negotiate event, sponsorship, licensing and venue agreements for BPG hospitality, sports and entertainment operations, including intellectual property matters such as the use of trademarks, trade names and copyrighted content.
- Support the Legal Department on general corporate, entity management, contract and compliance matters as assigned by the General Counsel.
- Maintain and update BPG standard commercial lease forms, residential lease forms and related templates to reflect current market practice, applicable law and company positions.
- Develop negotiation guidelines, fallback positions and approval protocols for leasing and property documents.
- Identify legal and business risk in proposed transactions and present practical recommendations to management.
- Track developments in real estate law and leasing market trends, and educate internal teams on changes that affect BPG documents and practices.
- Juris Doctor from an accredited law school.
- Admission to the Delaware Bar, or admission in good standing in another United States jurisdiction and eligibility to practice as in-house counsel in Delaware.
- A minimum of five (5) years of commercial real estate experience at a law firm or in-house with a real estate owner, developer or operator, with a substantial focus on commercial leasing.
- Demonstrated experience drafting and negotiating office and retail leases, and working knowledge of acquisition, financing and development transactions.
- Strong drafting, negotiation and communication skills, with the ability to explain legal issues clearly to non-lawyers.
- Ability to manage a high volume of concurrent matters, meet deadlines and work with minimal supervision.
- Preferred: experience with multifamily residential leasing and landlord-tenant law in Delaware, Pennsylvania or Maryland; experience with mixed-use, hospitality or venue agreements; and familiarity with Argus, Yardi or similar platforms.
- Competitive base salary commensurate with experience.
- Eligibility for a discretionary annual bonus, as determined by BPG.
- Medical, dental and vision insurance; company-paid basic life and AD&D insurance and long-term disability coverage; and a 401(k) retirement plan with company match, subject to plan terms and eligibility.
- Paid time off and paid company holidays in accordance with BPG policy.
The position is performed primarily in a professional office environment. The position requires prolonged periods of sitting and computer use, regular communication by telephone, video conference and in person, and occasional travel to BPG properties and closings. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the position.
Equal Opportunity Employer and At-Will EmploymentBPG is an equal opportunity employer. BPG does not discriminate in employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by applicable federal, state or local law. Employment with BPG is at will. This position description is not an employment contract and does not list every duty of the position. BPG may modify the duties, responsibilities and requirements of the position at any time.
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