DIRECTOR OF REAL ESTATE & ASSET MANAGEMENT
Port of Bellingham
Salary: $110,000 - $140,000
The Port of Bellingham is a Washington State special purpose municipal corporation serving all of Whatcom County, which is located in the northwest corner of the state. With its proximity to Mt. Baker, the beautiful Puget Sound, and the world renown San Juan Islands, Whatcom County is an extremely desirable place to live and work. Situated just south of the Canadian border, Whatcom County (population 229,000) is made up of several rural communities and smaller towns, as well as Bellingham (population 90,000), the county seat. Bellingham is the recipient of a long list of awards, including many designations as a “best place” for livability and outdoor adventures and recognition for leadership in sustainability. The city is also home to Western Washington University.
The Port of Bellingham operates the Bellingham International Airport, two marinas, a shipping terminal, a ferry terminal, bus station, and a real estate portfolio hosting over 230 businesses. The port has nearly 100 FTEs, averages $23 million in operating revenues and collects an additional $7.5 million in property taxes. The port is governed by a three-person board of commissioners.
Operating with 5.5 FTEs, including the Director, four property managers, and a lease assistant, the Real Estate Division works to provide excellent services to the Port of Bellingham’s tenants, customers, and the public. Functions of the department include asset management and development of the port's real estate portfolio; marketing and negotiating the lease, rental, or sale of the port's available land and buildings through all port divisions; and assisting other divisions in the strategic long-range analysis and marketing of undeveloped real estate assets of the port and negotiating tenant participation in environmental clean-up projects. Currently, the Real Estate Division manages 146 tenants and is anticipated to generate approximately $6.8 million in revenues in 2021.
Under the direction of the Executive Director, the Director of Real Estate & Asset Management manages the Port Real Estate Portfolio, conducts and assists in complex negotiations for sales, lease, and the marketing of port properties. This position will direct efforts to maximize the revenue potential and use of port-owned assets and help foster job creation and positive economic impacts to the community. The Director will also direct and coordinate the negotiation of real estate transactions, ensuring that all transactions comply with Federal, State, and local laws and regulations.
A bachelor’s degree in a related field, and 10 years of experience in real estate, project management, or real estate development is required. Competence and substantial experience in each of the above three areas will be required to be successful in this position. Excellent organizational and written/verbal communications skills are required.
For a complete position profile/full job description and to apply online, visit Prothman at https://www.prothman.com/, click on "Open Recruitments" and then click the position title. For questions, call 206-368-0050. The Port of Bellingham is an Equal Opportunity Employer. First review of applications: April 25, 2021 (open until filled).
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