BASICS OF REAL ESTATE DEVELOPMENT
Professors Larry Isaacson and Paul Messina
Syllabus - Fall 1999
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.
Reading: Financial Analysis of Real Property Investments
Case Preparation: Anderson Street, (Asst
Sheet), SouthPark IV (Asst
Sheet).
Read: Safdie Chap 1-3
8:30 Introduction to the Course
The Role of the Developer
Basics of Development.
9:15 Discussion: The Basic Role and Economics of Housing,
10:15 Break.
10:30 Case: Anderson Street.
Read: Some Comments on Analyzing Real Estate Projects (Read)
Read: Some Comments on the Real Estate Development Process (Read)
Read: Some Comments on Presentations and the Real Estate Development
Course (Read)
Read: HBS: Financial Analysis of Real Property Investments
12:00 Lunch
1:15 Discussion: Introduction to The Developer and the City
Read: Safdie, Chapters 1-3
2:30 Break
2:45 Introduction to Industrial/Office Park Development
Case: SouthPark IV
Read: Some Comments on Analyzing Real Estate Investments. (Read)
4:30 Wrap-Up.
5:00 End.
EXERCISES due in class: Draft Memos on: Anderson Street, SouthPark IV. (See detailed class Assignments)
EXERCISES: To be submitted 9 days after Class: Final Memos on Anderson Street, SouthPark IV.
Reading: Safdie, Chap. 4-7,
Note on the Real Estate Development Process (Read)
Additional Short Readings to be distributed in Class
Case Preparation: Douglas Plaza, (Asst
Sheet) Americana (Asst
Sheet).
Americana.
8:30 Housing and the City/The Future of Housing.
Speaker: Ro Whittington -- Formerly Executive Director, Dudley Street Neighborhood Initiative.
Read: Handouts.
Read: Jacobs, and Jacobs, distributed in class.
Read: Safdie Chap 4-7
10:30 Break.
10:45 Public Housing/Subsidy Programs.
Case: Douglas Plaza.
12:15 Lunch.
1:15 Hotel/Resort Development.
Case: Americana.
3:00 Break
3:30 Discussion: The City and the Market
Additional Short Readings distributed in Class
Read: Safdie chaps 4-7
4:30 Wrap-Up.
5:00 End.
EXERCISES: Draft due in Class, Douglas calculations, Americana
memo.
EXERCISES: Final to be submitted 9 days after class, Americana
memo.
Reading: Safdie, chaps 8-9, The Tax Reform Act of 1986
Case Preparation: Millegan Creek Apartments (Asst
Sheet).
8:30 Field Trip. Will leave from Malloy Parking Lot promptly at 8:30
12:30 Lunch
1:30 Apartment Development.
Case: Millegan Creek Apartments.
Read: HBS Note on Taxation
Read: The Tax Reform Act of 1986
3:15 Break
3:30 The City and the Developer/Development Ups and Downs.
Additional Short Readings distributed in Class
Read: Safdie, chaps 8-9
4:30 Wrap Up
5:00 End
EXAM: Millegan Creek. Draft memo due in class.
EXAM: Millegan Creek. Final memo due 9 days later.
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
RES7570b REAL ESTATE PROJECT MANAGEMENT
Professors Larry Isaacson and Paul Messina
List of Books/Cases/Notes – 1999
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.