Arnold L. Holm
A study of the technical issues involved in developing real-estate projects. Tracks project development from initial conception through closing of the sale. Emphasizes the steps and processes involved in pursuing, analyzing, and closing a real-estate purchase. Offered: S.
Somewhat from the Catalog: A study of the technical issues involved in developing commercial real-estate projects. We will track project development from initial conception through closing of the sale. This course emphasizes the steps and processes involved in pursuing, analyzing, and closing on a real-estate purchase and constructing and selling a completed development project.
Student learning goals
Proficient grasp of the role of the developer and the developerís team and the major types of commercial real-estate development projects. The steps and time-frames associated with commercial real-estate development projects.
Competency in understanding elationships between developers, municipalities, designers, contractors, and consultants in packaging a development deal.
An awareness of Purchase and Sale agreements, Due-diligence process, Building Permits, construction Financing, Design and Construction Process, Budgeting, Financial Pro-Forma, Marketing a Completed Project.
General method of instruction
CM 545 is based on lecture/discussion to be lead by instructor. Students are expected to participate in class discussions. A team project and presentation will invoke class discussions and questions of guest speakers. Outside course time will also be necessary to review the site and meet with team members.
Students should come into this and all other CM Masters courses with a practical understanding of construction estimating, scheduling, project management, and procurement processes.
Class assignments and grading
Students are expected to complete all homework assignments and turn them in to the instructor at the beginning of class on the dates specified in the class schedule. There will be 5 interim submissions and a final project and presentation. Grades on homework assignments turned in late will be decremented 25% per class date. There will be one final examination in this course. Cell-phones will be turned off during tests (as in all classes) and cannot be used as calculators. The CM Department grading scale will be used in this course.