Professional Real Estate Development
The ULI Guide to the Business
4th Edition
Published on 1. December 2022
418 pages
978-0-87420-478-0 (ISBN)
Description
Ideal for those new to development, the fourth edition of Professional Real Estate Development has been thoroughly updated to explain the latest on how to develop land and multifamily, office, industrial, and retail projects. Focusing on small-scale development, the authors provide practical information on feasibility analysis, design and construction, financing, marketing, and management. Tips and advice from more than 200 industry leaders help you learn the ropes and avoid mistakes. Photos, diagrams, spreadsheets, and case studies provide examples of actual projects and how the process works. Information is specific and detailed, with costs, rents, and financing information included by product type.
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Suzanne Lanyi Charles | Richard B. Peiser | Nick Egelanian
Professional Real Estate Development
The ULI Guide to the Business
Book
12/2022
4th Edition
Urban Land Institute,U.S.
€133.50
Shipment within 3-4 weeks
Content
- Front Cover
- Title Page
- Copyright
- About the Authors
- Contents
- Preface
- Acknowledgments
- Half Title
- 1 | Introduction
- What Is a Developer?
- The Book's Approach and Objectives
- Requirements for Success
- Paths for Entering the Development Field
- Finding the First Deal
- A Use Looking for a Site
- A Site Looking for a Use
- Improving the Chances of Successful Development
- Managing the Development Process
- Real Estate Cycles
- Getting Started
- Stages of Development
- Conclusion
- 2 | Organizing for Development
- Forming Partnerships
- The Firm's Organization and Management
- Organizational Life Cycles
- Organizational Structure
- Compensation
- Strategic Planning
- Choosing Consultants and Contractors
- Locating a Consultant
- Selecting a Consultant
- Rates
- Working with Consultants
- The Design/Construction Team
- Architects and Urban Designers
- Landscape Architects
- Land Planners
- Engineers
- Soils Engineers
- Environmental Consultants
- Surveyors
- Parking and Traffic Consultants
- Asbestos Abatement Professionals
- Construction Contractors
- Real Estate Service Firms
- Market Consultants
- Appraisers
- Attorneys
- Title Companies
- Surety Companies
- Brokers/Leasing Agents
- Public Relations and Advertising Agencies
- Specialty Public Relations and Marketing
- Property Management
- Lenders
- Financial Backing/Equity
- Managerial Capability
- Character
- Sources of Financing for Real Estate Projects
- Commercial Banks
- Insurance Companies
- Pension Funds
- Foreign Investors
- Syndications and Real Estate Investment Trusts
- Private Investors and Joint Ventures
- The Bond Market and Commercial Mortgage-Backed Securities
- Credit Companies
- Construction Lenders
- Mortgage Bankers and Brokers
- Permanent Lenders
- Mezzanine Debt
- Conclusion
- 3 | Land Development
- Overview
- Subdividing Land
- Developers and Policy
- Land Development versus Building Development
- Project Feasibility
- Market Analysis before Site Selection
- Site Selection and Acquisition
- Market Analysis after Site Selection
- Regulatory Process
- Financial Feasibility Analysis
- Design and Site Planning
- Sustainability Considerations
- Site Planning Processes
- Site Information
- Streets and Street Hierarchy
- Site Engineering
- Platting
- Higher Densities
- Zero-Lot-Line or Patio Homes
- Financing
- Obtaining Financing
- Joint Ventures
- Construction
- Marketing
- Marketing Budgets
- Marketing to Homebuilders
- Marketing Larger Parcels
- Site Merchandising
- Interstate Marketing
- Development Maintenance after Completion
- Protective Covenants
- Community and Condominium Associations
- Conclusion
- 4 | Multifamily Residential Development
- Overview
- Product Types
- Getting Started
- Project Feasibility
- Market Analysis
- Site Selection
- Financial Feasibility Analysis
- Design
- Unit Mix
- Site Design
- Exterior Design
- Interior Design
- Design Issues
- Approvals
- Financing
- Construction Loans
- Calculating Interest for a Construction Loan
- Permanent Financing
- Financing Issues
- Government Programs and Working with Nonprofit Organizations
- Construction
- Managing and Scheduling the Job
- Inspections
- Subcontractors and Draws
- Insurance
- Marketing
- Developing a Market Strategy
- The Marketing and Leasing Budget
- Public Relations
- Advertising
- Operations and Management
- Hiring Staff
- Turnover
- Refinancing and Selling the Property
- Conclusion
- 5 | Office Development
- Overview
- Categorizing Office Development
- Trends in Office Building Development
- From Sustainable to ESG Office Building Development
- Office Space Transformations
- Influence of Technology
- Project Feasibility
- Market Analysis
- Site Selection
- Regulatory Issues and Zoning
- Financial Feasibility
- Design and Construction
- Site Planning
- Exterior Design
- Interior Design
- Tenant Leasehold Improvements
- Financing
- Construction Loans
- Permanent Loans
- Mortgage Options
- Standby and Forward Commitments
- Equity
- Marketing and Leasing
- Marketing Strategy
- Brokers
- Lease Rates and Terms
- Operations and Management
- Selling the Completed Project
- Conclusion
- 6 | Industrial Development
- Product Types
- Categories of Industrial Buildings
- Business Parks
- Rehabilitation and Adaptive Use
- Environmental, Social, and Governance
- Project Feasibility
- Market Analysis before Site Selection
- Site Selection
- Market Analysis after Site Selection
- Regulatory Issues
- Financial Feasibility
- Design and Construction
- Site Design
- Building Design and Construction
- Financing
- Construction Loans
- Permanent Loans
- Equity Structure
- Joint Ventures
- Negotiating Risk
- Marketing
- Marketing Strategy
- Marketing Materials
- Brokers
- Leasing
- Property Management
- Stage 1: Development
- Stage 2: Lease-Up
- Stage 3: Stabilized Operations
- Selling the Project
- Conclusion
- 7 | Retail Development
- Overview
- Retail and Retail Sales Growth
- 100 Years of Shopping Center Evolution
- General Merchandise Stores-From General Stores to Full-Line Department Stores
- Shopping Center "Drivers"
- The Road from Downtown Shopping to Regional Malls
- Commodity Retailing and the Demise of Regional Malls
- Regional Malls and Lifestyle Centers
- Classifying Shopping Centers: Commodity versus Specialty Retail
- Traditional Shopping Center Classifications
- New Retail and Shopping Center Paradigms
- Slowing Shopping Center Construction and Industry Maturity
- E-Commerce
- Development Opportunities in the New Shopping Center Paradigms
- Commodity Retail
- Specialty Retail
- Fundamental Predevelopment Analysis
- Market Assessment-Trade Area and Sales Potential Analysis
- Physical Site Conditions
- Public Approvals and Handling Opposition
- Financial Analysis
- Design and Construction
- Shopping Center Configuration
- Ingress and Egress
- Parking and Circulation
- Lighting and Landscaping
- Building Structure and Shell
- Tenant Spaces
- Merchandising and Leasing Shopping Centers
- Shopping Center Leasing
- The Shopping Center Lease
- Shopping Center Construction
- Tenant Finishes
- Financing
- Conventional Financing
- Public Financing
- Land Sales
- Marketing
- Preopening Marketing
- Ongoing Marketing
- Property Management and Operation
- Financial Records and Control
- Conclusion
- 8 | Trends And Issues
- Historical Cycles
- Industry Restructuring in the 1990s
- Change during and after the Great Recession of 2008
- Changing Market Conditions
- The COVID-19 Pandemic
- Effect of COVID-19 on Approaches to Development
- Financing
- Paying for Infrastructure
- Regulatory Change
- Technology
- Acquisition and Due Diligence
- Market Studies and Brokerage
- Stakeholder Engagement and Approvals
- Design and Construction
- Property Management
- Financing
- Trends
- Demographic and Geographic Change
- Changing Lifestyles
- Cities versus Suburbs
- Development Issues
- Smart Growth
- Placemaking
- Environmental Concerns and Climate Change
- The Need for Open Space
- Transportation and Congestion
- Social Responsibility
- The Developer's Public Image
- Understanding and Integrating Stakeholders in Development
- Conclusion
- Index
- Back Cover
