Real Estate Paralegal

Company: Macerich
Location: Santa Monica
Posted on: October 27, 2024

Job Description:

Real Estate Paralegal Santa Monica Corporate Office Santa Monica, California 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: 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. 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. Employment Type: Full Time Years Experience: 3 - 5 years Salary: $80,000 - $110,000 Annual Bonus/Commission: Yes

Keywords: Macerich, Los Angeles , Real Estate Paralegal, Legal , Santa Monica, California