syl7570a
revised Sept 12 2001
Babson College
The F.W. Olin Graduate School of Business

BASICS OF REAL ESTATE DEVELOPMENT
Professors Larry Isaacson and Consultant Paul Messina
Syllabus - Fall 2001
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
Suggested  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: 9/10: 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. 9/17: Introduction to the Process and Economics of Housing  Link to icampus
Case:  Revere Street
Discussion: The Role and Economics of Housing,
Read: Safdie Chapter 1
Read:  Some Comments on Analyzing Real Estate Projects (Read)
Read: Some Comments on the Real Estate Development Process (Read)
***EXERCISE* due in class: DRAFT Spreadsheet for Revere Street,
***EXERCISE To be submitted one week after Class: FINAL xls for Revere Street.
* ALL excercises are to be submitted in e-campus.
3. 9/24:  The Process and Economics of Industrial/Office Park Development  Link to icampus
Case: SouthPark IV
Read: Some Comments on Analyzing Real Estate Investments. (Read)
Read: Safdie, Chapter 2
EXERCISE due in class: Draft Spreadsheet for SouthPark IV.
EXERCISE: To be submitted one week after Class: FINAL Memo/xls for SouthPark IV.
4. 10/1: Hotel/Resort Development  Link to icampus
Discussion: Differences among types of Development
Case: Astor Park Hotel
Read: Safdie, Chap. 3-4
Read: The Tax Reform Act of 1986
5. 10/13 (Saturday Morning) Field Trip
Meet in Malloy Parking Lot promptly at 8:30am.
6. 10/15  Developing Elder Housing and North Hill Visit
Case:  Portland Eldercare
Read: Safdie, Chap. 5-6
EXERCISE: Due before class, Portland Eldercare comment.
7. 10/22 Role of the Developer -- Putting It all Together. Link to icampus
The Developer and the Community
Case: Hines Weston Series Complex Projects
EXAM: Case: Milligan Creek Apartments II: FINAL Write-up due before class


RES7570a  BASICS OF REAL ESTATE DEVELOPMENT
Professors Larry Isaacson and Paul Messina
List of Books/Cases/Notes – Fall 2001

Books:
Required: Safdie, Moshe The City After the Automobile, Basic Books, ISBN: 0-465-09386-3
Suggested  BOOK: Medoff Streets of Hope

In Case Pack:
HBS 379-193 Financial Analysis of Real Property.
HBS 800-147 Revere Street.
HBS 390-181 SouthPark IV.
HBS 800-194 Astor Park Hotel.
HBS 387-082 Portland Eldercare.
HBS 395-118 Millegan Creek Apartments
Hines, Weston (A)
HBS 379-192 Note on Taxation
Note on the The Tax Reform Act of 1986
 

RES7570b   REAL ESTATE PROJECT MANAGEMENT
Professors Larry Isaacson and Paul Messina
List of Books/Cases/Notes – 2001

Books:
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:
Cases:
Jack London Square. (A)
Portside Properties (A) and (C)
HBS 389-025 Douglas Plaza.
HBS 800-362 The Holland House
HBS 898-020 Disney (C): The Mouse In Times Square
UVA-G-340 Paramount Theatre.