syl7570a
revised August 26, 1998
Babson College
The F.W. Olin Graduate School of Business

BASICS OF REAL ESTATE DEVELOPMENT
Professors Larry Isaacson and Consultant Paul Messina
Syllabus - Fall 2000
Tentative Program/Schedule: Subject to Change
Link to icampus
 (Link to Babson Library)

Case Pack to be available at the Babson Bookstore
Additional Materials to be Provided on the Course Web-site "http://faculty.babson.edu/isaacson/"
Course Issues will also be discussed on the Course icampusWeb-Site
BOOK: Safdie The City After the Automobile
BOOK: Medoff Streets of Hope
Suggested: Jacobs, Jane, The Death and Life of Great American Cities and other books by this author.

Class Assignment 
1: 9/11: The Basic Real Estate Process. Link to icampus
Introduction to the Course
The Role of the Developer
Basics of Development.
Introduction to the Economics of Real Estate
Reading: Financial Analysis of Real Property Investments
2. 9/18: Introduction to the Process and Economics of Housing
Case:Anderson Street,
Discussion: The Role and Economics of Housing,
Read: Safdie Chap 1-2
Read:  Some Comments on Analyzing Real Estate Projects (Read)
Read: Some Comments on the Real Estate Development Process (Read)
EXERCISE* due in class: Draft Memo on Anderson Street,
EXERCISE To be submitted 9 days after Class: Final Memo on Anderson Street.
* ALL excercises are to be submitted in e-campus.
3. 9/25:  The Process and Economics of Industrial/Office Park Development
Case: SouthPark IV
Read: Some Comments on Analyzing Real Estate Investments. (Read)
Read: Safdie, Chapters 3-4
Read: Streets of Hope (for 10/16 class)
EXERCISE due in class: Draft Memo on SouthPark IV.
EXERCISE: To be submitted 9 days after Class: Final Memo on SouthPark IV.
4. 10/2: Hotel/Resort Development
Discussion: Differences among types of Development
Case: Americana.
Read: Safdie, Chap. 5-6
Read: The Tax Reform Act of 1986
EXERCISES: Draft due in Class Americana memo.
EXERCISES: Final to be submitted 9 days after class, Americana memo.

Case: Douglas Plaza, Introduction to the case.

5. 10/14 (Saturday Morning) Field Trip
Meet in Malloy Parking Lot promptly at 8:30am.
6. 10/16  Housing and the City/The Future of Housing, The Developer and the City
Speaker:  Ro Whittington, Formerly Executive Director, Dudley Street Neighborhood Initiative.
Case: Douglas Plaza, Case Discussion.
Reading: Safdie, Chap. 7-8,
Additional Short Readings to be distributed in ClassRead: Note on the Real Estate Development Process (Read)
Read: Streets of Hope
7. 10/23 Role of the Developer -- Putting It all Together.
Apartment Development.
Case: Millegan Creek Apartments.
Reading: Safdie, chaps 9-10
Case Preparation: Millegan Creek Apartments
EXAM: Millegan Creek. Draft memo due in class.
EXAM: Millegan Creek. Final memo due 3 days later.


RES7570a  BASICS OF REAL ESTATE DEVELOPMENT
Professors Larry Isaacson and Paul Messina
List of Books/Cases/Notes – Fall 2000

Books

Required: Safdie, Moshe The City After the Automobile, Basic Books, ISBN: 0-465-09386-3
Suggested: Medoff et. al., Streets of Hope, Southend Press, (LPC Group) ISBN 0-896-08482-5

In Case Pack

HBS 379-193 Financial Analysis of Real Property.
HBS 386-036 Anderson Street.
HBS 390-181 SouthPark IV.
HBS 389-025 Douglas Plaza.
HBS 687-016 Americana.
HBS 395-118 Millegan Creek Apartments
HBS 379-192 Note on Taxation
Note on the The Tax Reform Act of 1986

Optional Note to Read: Some Comments on Presentations and the Real Estate Development Course  (Read)

RES7570b   REAL ESTATE PROJECT MANAGEMENT
Professors Larry Isaacson and Paul Messina
List of Books/Cases/Notes – 2000

Books:
Safdie, Moshe The City After the Automobile, Basic Books, ISBN: 0-465-09386-3

Cases:
Jack London Square. (A)
HBS 387-082 Portland Eldercare.
Portside Properties. (A).
Hines, Weston (A)
UVA-G-340 Paramount Theatre.