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

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.


Class 1: September 11 
The Basic Real Estate Process.
  Link to icampus

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.


Class 2: October 2


Role of the Developer -- Process and Issues.Link to icampus

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.


Class 3: October 16


Role of the Developer -- Putting It all Together.Link to icampus

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. 



RES7570a  BASICS OF REAL ESTATE DEVELOPMENT
Professors Larry Isaacson and Paul Messina
List of Books/Cases/Notes – Fall1999

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.