Courses of Instruction, page 3
School of Urban and Regional Planning

Real Estate Development (RED)

500 Real Estate Development and the Economy (2, Sm) Linkages between national and regional economies and the performance of the real estate sector. Anticipating development trends. Public policy applications.

509 Market Analysis for Real Estate Development (4, Fa) Market analysis in a political, public, and planning context. Project impact analysis and impact fee calculations, technical aspects of market studies. Growth forecasts and master planning.

542 Finance Real Estate Development (4, Sm) Real estate finance including: mortgage evaluation, analysis of cash flow and economic returns, secondary market, and joint ventures and capital markets.

546 Development Processes (4, Sp) Organizing and planning the development process. Venture structure, site selection, approvals, pricing, construction, leasing operations and sales. Case studies.

547 Project Management and Construction (2, Sm) Managing the building phase of development. Architectural and engineering aspects of construction management for the real estate developer.

548 Construction Law (2, Sp) Major legal issues and documents utilized in the construction field are studied with an emphasis on current applications in the industry.

551 The Approval Process (4, Sp) A review of the approval process for real estate development including EIR review, land use entitlement, government relations. Ethical issues and negotiation skills.

563 Introduction to the Asset Management of Real Estate (2, Fa) Introduction and overview of institutional asset management, including: acquisition, performance monitoring, refinancing, ownership interacting, and disposition.

564 Issues in Asset Management of Real Estate (2, Sp) Advanced issues in institutional asset management. Tenant relations. Environmental aspects. Management of various property types. Prerequisite: RED 563.

571 Introduction to Appraisal Principles, Procedures and Standards (4, Fa) Introduction to real property and its appraisal. Valuation processes. Standards of professional practice.

572 Advanced Appraisal Approaches and Applications (2, Sp) Advanced appraisal skills, including income capitalization, risk analysis, highest and best use analysis, and other applications. Recommended preparation: RED 571.

583 International Development Opportunities (2, Fa) A survey of various markets prominent in the global real estate community. Protocols for analyzing international development opportunities and cultural, political, and socio-economic considerations.

585L International Development Workshop (4, Sm) Application of methods of international real estate development in a professional context. Case studies and practical applications. Field experience abroad.

590 Directed Research (1-12 FaSpSm) Research leading to the master's degree. Maximum units which may be applied to the degree to be determined by the department.

598 Real Estate Product Development (2-4, max 8, FaSp) An evaluation of various real estate development types. Case studies and site visits.

599 Special Topics (2-4, max 8) Current issues, trends, and developments in real estate development.

662 Legal Issues in Real Estate Development (4, Fa) Forms of ownership, construction contracts, lender documents, methods of holding title, acquiring and selling property, legal implications of financing, government controls, commercial leases, tax issues.

673 Design History and Criticism (2-2, Fa) The concepts, language, and metaphors of design-related disciplines are examined in relation to design and construction values and choices in real estate development.

674 Building Typologies (2, Fa) The exploration of categories of building types, including retail, industrial, residential, office, and institutional, using key examples or case studies from each.

675L Community Design and Site Planning (4, Sp) Physical implementation of development projects. Students will develop a concept plan, preliminary design, and marketing plan for selected development sites.