Electra McBurnie
Vice President at South Bay Development Company- Claim this Profile
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Bio
Experience
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South Bay Development Company
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Real Estate
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1 - 100 Employee
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Vice President
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Aug 2020 - Present
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Kilroy Realty Corporation
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United States
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Real Estate
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200 - 300 Employee
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Portfolio Manager
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Mar 2018 - Jun 2020
• Managed 20 Class A properties totaling 2M square feet located in Silicon Valley / Peninsula portfolio • Tenants included Box, E*Trade, LinkedIn, Microsoft, and Stanford Children’s Hospital · Oversaw financial performance of assets with an annual operating budget of $100M in NOI · Provided monthly detailed variance reports, re-forecasts, and bi-annual operating expense reconciliations · Led team of 7 with input from SVP, Asset Management, on best practices, approach, and company policies · Collaborated with SVP, Northern California, on leasing of vacant spaces and renewing existing tenants in accordance with developed budgets. · Oversaw brokerage team for the 7 building, multi-tenant Menlo Park project · Worked with the legal department or outside counsel in preparation of tenant leases/amendments · Reviewed counsel-prepared documents to ensure accuracy and consistency with the intent of the deal · Reviewed and negotiated tenant comment exchanges highlighting agreed-upon changes · Drove capital improvements with 3 senior construction team staff and in-house architects · Re-Bid all vendor service contracts for 2020 improving economies of scale and service delivery Key Accomplishments: · Completed renewal transactions with E*Trade, Microsoft, and Perkins Coie totaling $78M in revenue · Navigated team and tenants through COVID-19 pandemic return to work plans · Recommended and achieved 3 team promotions with the team that was managed Show less
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South Bay Development Company
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Real Estate
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1 - 100 Employee
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Vice President
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Mar 2013 - Mar 2018
• Managed properties with 285K SF including a 235K square foot, Class A Mission City Center high rise in Santa Clara, and 50K square foot one-story R&D building in Milpitas • Led marketing, lease negotiations, property management direction, construction management, capital improvement projects and dispositions · Managed an operational team of 5 at Mission City Center including Senior Property Manager, Chief Engineer, Maintenance Tech., Security Guard, and Day Porter · Performed new and renewal leasing for 60 suites ranging from 1K-20K rentable square feet and prepared leasing assumptions for the annual budget · Managed capital projects including 25 contractors supporting elevator modernization (Otis), chiller/boiler replacement, (ACCO) charging station installation (Chargepoint), restroom and corridor renovations · Managed all tenant improvement and market-ready projects; adhered to stringent CalSTRS requirement to bid all projects three deep that exceeded $100K · Planned and executed several annual marketing events to improve broker relationships Key Accomplishments: · Achieved 91% average occupancy from 2013 – 2016 · Maintained operating expenses, on average, of $1 per sq. ft. per month from 2013 – 2016 · Achieved success in 2 CalSTRS operational audits with only one finding identified in each instance · Liaison between general contractors and ownership entity for the development project of 150K square foot office building, and 1,700 stall parking garage on the Mission City Center Show less
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Equity Office Properties Trust
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United States
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Real Estate
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1 - 100 Employee
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Leasing Manager
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Jun 2004 - Oct 2012
• Performed lease negotiations for 2.5M square feet of Class A, mid-rise San Jose office space • The project encompassed 5 concurrent projects of 12 buildings and retail leasing for 50K square feet • Guided tenants through lease process coordinating architectural, legal, property management and construction • Executed 40-60 transactions per year ranging from 1k SF start-ups to larger entities requiring 20K SF • Led startup marketing initiative of “fast suites” enabling clients to begin operations on a temporary basis • Cultivated positive relationships with real estate brokerages to promote the company’s real estate portfolio • Managed the outside brokerage listing team of 3 brokers focused on pre-qualifying prospective tenants • Collaborated with listing team on marketing the space utilizing the Equity Office brand • Trained in-house leasing team of 10 peers on leasing database containing all pertinent lease information Key Accomplishments: • Consistently retained 65% of existing customers including the challenging 2009 commercial market • Prepared annual leasing budgets for the organization including rate and occupancy assumptions • Met 4 of 5 rigorous goals set by Blackstone five years after privatizing Equity Office • “Shining” Star and Recognition of Excellence Awards Show less
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Education
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St. Mary's College of California
Master of Executive Business Administration - MBA, General -
University of California, San Diego
Bachelor of Science - BS, Biology -
California Salesperson's License
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CCIM Institute
Designation