General Counsel
Invest Newark (Formerly Newark Community Economic Development Corporation) - Newark, New Jersey
Invest Newark’s vision and goal: Our vision is to...
Invest Newark (Formerly Newark Community Economic Development Corporation) - Newark, New Jersey
Invest Newark’s vision and goal: Our vision is to make Newark the global model for inclusive prosperity and equitable economic growth, fueled by the City’s diverse people and businesses.
Our Goal: To create shared prosperity in Newark by strengthening neighborhoods and developing sustainable businesses.
Your Role: Invest Newark seeks an attorney with substantial experience in real estate finance, housing, and employment law to join Invest Newark. The attorney will represent Invest Newark in drafting, negotiating, and structuring complex commercial and residential real estate transactions and business development transactions. Some of the work will focus on lending and investment transactions that support the production and preservation of affordable housing. Additional work will involve land dispositions and acquisitions, commercial lease negotiations, vendor procurement contracts, development, and joint venture partnership agreements. Practice areas will include structuring, negotiating, and closing financial transactions for real estate and business expansion in a manner that supports stated public policy objectives and protects investments. This attorney will thus play a critical role in stewarding public funds and addressing the City's real estate development and business expansion goals.
Day-to-day work will involve working closely with Invest Newark staff and representing the corporation on all aspects of real estate business transactions, including financing or procurement documents that reflect and appropriately secure Invest Newark's interests. Prior experience working with financings that include conventional debt and equity, low-income housing tax credits, tax exempt bonds, Federal HOME and CDBG funds, and other state and local funding sources is critical to this work.
Responsibilities:
Administer real estate and business development transactions
Analyze and present findings and recommendations to Invest Newark’s CEO and Board
of Directors in written and verbal form
Brief senior City officials and other State and Federal agencies on legal findings
Assist in the negotiation of contracts of sale, lease, and other related contracts
Provide advice on the legal and regulatory issues related to the structuring, marketing
and launching new real estate investment products
Foster and manage relationships with real estate developers, attorneys, urban
planners, consultants, elected officials and community stakeholders
Collaborate with colleagues in other departments in Invest Newark, such as the Real
Estate Division and Business Development Division
Qualifications:
Must have a Juris Doctorate degree from an accredited Law School.
Must be a licensed Attorney in the State of New Jersey
Minimum of 7 years of experience in relevant field (finance, real estate, business law, City
or State agency).
Familiar with federal government financing programs, low income housing tax credits,
new market tax credits and conventional debt and equity investment programs.
Experience drafting loan documents and joint venture equity investments
(operating agreements)
General knowledge of the US regulatory framework for private funds and real estate
capital markets, such as the Investment Advisers Act, the Securities Act of 1933 and
ERISA is a plus.
General knowledge of N.J.S.A. 40-1 et seq. and 40A-1 et seq.
Proven strength in the use of MS Office Suite applications
Strong project management skills
Strong interpersonal skills
Strong written and oral communication skills, including public speaking
Ability to prioritize competing needs and opportunities
Understanding of economic development issues
Ability to be a self-starter who works well in a team-based environment with limited
oversight
Demonstrated ability to work independently or lead project team on complex transactions
Possess a strong sense of professional judgment and ability to solve problems creatively
Newark residence is preferred but not required.
*MUST HAVE COMMERICAL REAL ESTATE, REDEVELOPMENT, AND CONTRACT LAW EXPERIENCE!
About Invest Newark:
Invest Newark is the City’s primary vehicle for promoting economic growth in each of the five boroughs. Invest Newark’s mission is to stimulate job growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. Invest Newark serves as an advocate to the business community by building relationships with companies that allow them to take advantage of Newark’s many opportunities.
Our Diversity & Inclusion Mission is to attract, retain, and engage a diverse workforce comprised of talented people. Like the city of Newark, Invest Newark knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees’ talents. Invest Newark employees can expect to work as part of a highly engaged, passionate and inclusive workforce where everyone’s contributions are valued, respected and make an impact on one of the best and most diverse cities in the world!
Invest Newark is an Equal Opportunity Employer. Invest Newark offers excellent benefits, including company-paid 401 (a) pension plan, 457(b) tax-advantaged retirement savings plans, medical, dental and vision benefits, and discounted gym memberships and movie tickets.
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