(Any other substitute courses must be approved by the program director)
*CPLN 680 or REAL 721 is a prerequisite for CPLN 744 and CPLN 658
3. Course Descriptions
ARCH 762 Design and Development (Rybczynski)
This course provides an introduction to the role that architectural design
plays in real estate development. Many factors affect architectural
design, including architectural style, building technology, functional
demands, social needs, and the forces of the marketplace. The examples
discussed focus on residential, commercial and retail buildings.
ARCH 765 Project Management (Arena)
The primary objective is to prepare the student, as a practicing preservationist,
to understand the language of the development community, to make the
case through feasibility analysis why a preservation project should
be undertaken, and to be able to quantify the need for public/non-profit
intervention in the development process. A second objective is to acquaint
the student with the measurements of the economic impact of historic
preservation and to critically evaluate "economic hardship" claims
made to regulatory bodies by private owners.
CPLN 623 Methods of Property
Development (Landis)
This course is designed to acquaint students with the fundamental skills
and techniques of real estate property development. It is designed
as a first course for anyone interested in how to be a developer, and
as a foundation for further courses in urban development and real estate.
CPLN 658 Urban Markets & Residential Development (Glenn)
This class will explore the history of disinvestment in inner-city neighborhoods
and the public sector's response to the challenge of re-building those
communities with a particular emphasis on affordable housing programs
and policies - and how those initiatives have created new urban markets
with unique challenges and opportunities for the public, private and
non-profit development sectors. The course will focus on how to develop
residential and mixed-use projects, using a variety of public incentives
and private financing sources to address market and community objectives.
CPLN 680 Real Estate Finance & Investment (Sagalyn) Only in 2008-09
The course provides students with quantitative skills and a critical
perspective, for making financial decisions about commercial real estate
and development projects. Relying on case materials, class discussions
focus on how economic characteristics of the property and the local
market interact to shape financial decision-making for real estate
transactions.
CPLN 744 Public Private Development (Sagalyn) Only in 2008-09
This course will examine the planning, financing, and implementation
of public/private projects in the United States. The emphasis will
be on understanding the interplay of project feasibility, financing
strategy, and the politics of implementation
REAL 721 Real Estate Investment:
Analysis & Finance (Sinai, Wong,
Pavlov)
This course provides a broad introduction to real estate with a focus
on financing issues. Basic project evaluation, financing strategies,
and capital markets issues related to real estate are covered. The latter
half of the course contains two cases that help students evaluate the
impact of more complex financing and capital markets tools used in real
estate.
REAL 390 International Real Estate
Comparisons, ½ semester (Linneman)
This mini-course explores the differences and similarities in real estate
markets in a variety of countries. These real estate markets are examined
against their investment structures, risk, financial markets, and economic,
political, social and cultural backdrops. The course particularly explores
international investment risks and opportunities. Countries examined
include France, Germany, the United Kingdom, Latin America, Eastern
Europe, Japan and Southeast Asia.
REAL 396 Real Estate Entrepreneurship, ½ semester (Linneman)
This mini-course exposes students to the entrepreneurial opportunities,
structures, investment decision making, and risks which are present
in commercial real estate markets. Commercial real estate had historically
represented a fertile area for young entrepreneurs as its asset base
and relatively predictable cash flows allowed for substantial debt
financing for entrepreneurs possessing limited equity. While this remains
true, structural changes in the real estate industry are combining
with emerging new technologies to eliminate some entrepreneurial opportunities
while creating others. This course focuses on identifying realistic
opportunities, how to develop the concept, identifying and mitigating
risks, raising capital, and exiting.
REAL 724 Urban Real Estate Economics (Voith, Wachter)
The primary objective is to prepare the student, as a practicing preservationist,
to understand the language of the development community, to make the
case through feasibility analysis why a preservation project should
be undertaken, and to be able to quantify the need for public/non-profit
intervention in the development process. A second objective is to acquaint
the student with the measurements of the economic impact of historic
preservation and to critically evaluate "economic hardship" claims
made to regulatory bodies by private owners.
REAL 804 Real Estate Law, Financing & Development (Phillips, Henkin)
This course emphasizes housing development for sale; joint ventures with
institutional lender; syndications; disposition of real property; recent
legal developments; and land-use regulations, including toxic contamination
and wetlands protection. There will be an emphasis on tax issues.
REAL 821 Real Estate Development (Nakahara, Weller)
This course analyzes the development process and describes the functions
performed by real estate developers and their inter-relationships with
each other. Emphasis is placed on decision-making, risk management,
the functions of the various disciplines involved in the development
process and in the process itself. Case study, written assignments,
class discussion, and industry speakers are used extensively.
