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I think you are describing a job working for a developer where you are allowed to be a generalist, not just narrow cast to a role like finance, proj. mngt, leasing, etc.
Some development firms operate this way, you are assigned to a project(s) and work as part of a team vs. assigned to a role and work all projects or a subset.
Just have to network around and see what you get offered. First job out, I would not be too worried about this. You will be new, so everything is new. Really, don't stress this, just get best job you can.
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try and find a small, reputable development shop. They tend to operate leaner, and the lack of staffing availability will force you into far many more roles than you will generally find at an institutional shop. The bigger shops may have you just underwriting deals/acquiring sites/doing entitlements, but limit your participation in accounting/fundraising, construction, investor reporting, capital market, etc. At a small shop you are more likely to do it all
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Those are enormous development shops. Anything with a truly national presence is automatically not a "small" shop, and if you're in NYC the big names that are always in the Real Deal are unlikely to be that way either.
What you really want is a place that is big enough to have a little support (accountants, asset managers, someone to deal with HR, etc) but small enough that you're still working with the principals and senior developers. It's all well and good to want to "learn the entitlements" side of thing, but that means developing a network with community leaders, local electeds, and the bureaucrats who work in City Hall and who will be approving your projects for the next few decades. Those are incredibly difficult to manage and you can shortcut years off the curve if you have a senior team member bringing you into those meetings, making those introductions, etc.
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Job security, brand, money (maybe?). I'm not sure if Related pays junior roles super well. At least in my case, I would have loved to work at either of those 3 at the start of my career because of the doors they open.
Also, Extell and Silverstien may not be the size of a Hines or Related but they are a decent size. There are firms with fewer than 100 people on payroll that have impressive projects
The opportunity to work on the most high profile/high value developments in whichever city with some of the smartest people in the industry. Something only a handful of shops can offer.
Related/Extell/Silverstein - as an analyst/project manager you will never be on the front lines of anything and your pay has a cap. Go to a developer in NYC actually known for making money; problem is that they only hire from networking, so try to network your ass of and take any job offered because they also only promote from within.
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Others have touched on this but I would try to work at a mid sized developer in a primary/secondary market. You want to be at a firm that has multiple active projects with varying levels of scope, but a firm that is too big pigeon holes you into doing a specific task. At small and mid sized shops, you get to sit at the same table as the CEO on a regular basis as a development associate, this rarely happens, if ever, at an institutional shop.
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