How Real Estate Developers Think

How Real Estate Developers Think

Author: Peter Hendee Brown

Publisher: University of Pennsylvania Press

Published: 2015-04-07

Total Pages: 337

ISBN-13: 0812291263

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Cities are always changing: streets, infrastructure, public spaces, and buildings are constantly being built, improved, demolished, and replaced. But even when a new project is designed to improve a community, neighborhood residents often find themselves at odds with the real estate developer who proposes it. Savvy developers are willing to work with residents to allay their concerns and gain public support, but at the same time, a real estate development is a business venture financed by private investors who take significant risks. In How Real Estate Developers Think, Peter Hendee Brown explains the interests, motives, and actions of real estate developers, using case studies to show how the basic principles of development remain the same everywhere even as practices vary based on climate, local culture, and geography. An understanding of what developers do and why they do it will help community members, elected officials, and others participate more productively in the development process in their own communities. Based on interviews with over a hundred people involved in the real estate development business in Chicago, Miami, Portland (Oregon), and the Twin Cities of Minneapolis and St. Paul, How Real Estate Developers Think considers developers from three different perspectives. Brown profiles the careers of individual developers to illustrate the character of the entrepreneur, considers the roles played by innovation, design, marketing, and sales in the production of real estate, and examines the risks and rewards that motivate developers as people. Ultimately, How Real Estate Developers Think portrays developers as creative visionaries who are able to imagine future possibilities for our cities and communities and shows that understanding them will lead to better outcomes for neighbors, communities, and cities.


The Rise of the Community Builders

The Rise of the Community Builders

Author: Marc A. Weiss

Publisher: Beard Books

Published: 2002

Total Pages: 248

ISBN-13: 9781587981524

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This is a reprint of a 1987 book * It is to be hand scanned, so as not to destroy the text or cover, and returned to Beard Books. The book deals with the evolution of real estate development in the United States, focusing on the rise of planned communities common in the American suburbs since the 1940s.


Community Real Estate Development

Community Real Estate Development

Author: Stephen Buckman

Publisher: Taylor & Francis

Published: 2022-09-02

Total Pages: 195

ISBN-13: 1000645746

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Community Real Estate Development: A History and How-To for Practitioners, Academics, and Students introduces the fundamentals of affordable housing to aspiring development professionals. From understanding the history informing today’s affordable housing programs to securing financing and partnering with public and private stakeholders, this primer equips students and emerging professionals for success in a unique area of the real estate industry. Topical chapters written by nationally recognized leaders in community real estate development (CRED) take a didactic approach, using real-life examples and case studies to provide context for reflection. Drawing on the authors’ experience as private sector developers, state and municipal housing officials, and not-for-profit executives, this versatile resource offers an insider’s perspective on creating and maintaining affordable housing in any real estate market. Features: Covers topics including community design, development policy, tax credits, land use planning, development rights, historic buildings, adaptive reuse, tax increment financing, and gentrification Presents interviews with development professionals in asset and property management, commercial real estate brokerage, and local housing authorities and government agencies Highlights winning case studies from a student competition to inspire similar classroom activities Includes a glossary of CRED-specific terminology to help readers master the language of affordable housing Contains diverse examples, planning tools, and "programs to make numbers work," with a companion website available Blending the latest academic research with hard-won insights from the field, Community Real Estate Development prepares the next generation of affordable housing professionals to continue the work of its pioneering authors and editors.


Introduction to Real Estate Development and Finance

Introduction to Real Estate Development and Finance

Author: Richard M. Levy

Publisher: Routledge

Published: 2019-11-05

Total Pages: 289

ISBN-13: 0429891148

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This book provides readers with a basic understanding of the principles that underlie real estate development. A brief historical overview and an introduction to basic principles are followed by examples from practice. Case studies focus on how cities change and respond to the economic, technological, social, and political forces that shape urban development in North America. It is important to have a framework for understanding the risks and rewards in real estate investing. In measuring return, consideration must be given to both investment appreciation and the cash flow generated over the life of a project. In addition, metrics are presented that can be useful in assessing the financial feasibility of a real estate development proposal. This book also provides an overview of the forces of supply and demand that gauge the potential market for a new project. In determining the size of “residual demand”, estimates for population growth, family formation, and new development are important. All development projects fall under the auspices of one or several jurisdictions. Though every jurisdiction has different rules and procedures, basic knowledge of the planning process is critical to the success of all development projects regardless of location. Furthermore, all projects have a legal component. Basic issues of land ownership, property rights, property transfer, and land registration are reviewed, all of which need to be considered when a property is sold or purchased. This book also provides a primary on the design and construction process. In constructing a building, a team of experts is first required to design the architectural, structural, and heating, ventilation, and air conditioning (HVAC) systems for a building. An overview is provided of each building system: wood, concrete, and steel. Critical to a successful real estate development, project management principles for the processes of design, bidding, and construction are explored, with close attention given to budgeting, scheduling, and resource management. Essential reading for anyone involved in the development of our built environment, this is a must-read introduction for students and professionals in architecture, urban planning, engineering or real estate seeking an approachable and broad view of real estate development and finance.


Urban Problems and Community Development

Urban Problems and Community Development

Author: Ronald F. Ferguson

Publisher: Brookings Institution Press

Published: 2011-01-01

Total Pages: 650

ISBN-13: 9780815719816

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In recent years, concerned governments, businesses, and civic groups have launched ambitious programs of community development designed to halt, and even reverse, decades of urban decline. But while massive amounts of effort and money are being dedicated to improving the inner-cities, two important questions have gone unanswered: Can community development actually help solve long-standing urban problems? And, based on social science analyses, what kinds of initiatives can make a difference? This book surveys what we currently know and what we need to know about community development's past, current, and potential contributions. The authors--economists, sociologists, political scientists, and a historian--define community development broadly to include all capacity building (including social, intellectual, physical, financial, and political assets) aimed at improving the quality of life in low- to moderate-income neighborhoods. The book addresses the history of urban development strategies, the politics of resource allocation, business and workforce development, housing, community development corporations, informal social organizations, schooling, and public security.


Real Estate Development and Investment

Real Estate Development and Investment

Author: S. P. Peca

Publisher: John Wiley & Sons

Published: 2009-05-27

Total Pages: 278

ISBN-13: 0470480270

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Real Estate Development and Investment A Comprehensive Approach Written by real estate industry veteran Stephen Peca, this timely guide skillfully outlines the various phases of the real estate development process and addresses some of the most important issues associated with this discipline. Using numerous illustrations and anecdotes, this book takes you through the development process, from historical considerations and idea formulation to financial feasibility and asset disposition, while covering the entire cycle of real estate development for various property types. Topics touched upon throughout these pages include: The key factors affecting demand for different land uses and development The interaction of market research, financing, planning, contract negotiation, marketing, leasing, and property management The need for universal, current, and broad knowledge The importance of ethics in the development process The role of different professionals and companies involved in the development process Environmental considerations in real estate development And much more Filled with in-depth insights and practical advice, this reliable resource will help you gain a firm understanding of the functional skills necessary to be successful in this field and familiarize you with several often-overlooked-but essential aspects of commercial real estate development.


Finance for Real Estate Development

Finance for Real Estate Development

Author: Charles Long

Publisher: Urban Land Institute

Published: 2011

Total Pages: 128

ISBN-13: 0874201578

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Explaining how finances drive each decision in the real estate development process, this helpful industry guide recognizes the complexities and significant risks of each project and illustrates how to reconcile conflicting elements to ultimately achieve success. A 36-year real estate development veteran, author Charles Long shares the practical information and personal insights that he has gained over the course of his career, and weaves relevant real world examples into the text, helping to clarify the principles necessary to effectively manage a project in today’s financial landscape. Ideal both for those starting out in real estate development and experienced professionals who want to learn the theory behind the practice, this book offers a different perspective on making the monetary decisions that are involved in property development projects.


The Politics of Joint University and Community Housing Development

The Politics of Joint University and Community Housing Development

Author: Richard Sobel

Publisher: Lexington Books

Published: 2014-07-10

Total Pages: 229

ISBN-13: 0739191888

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The Politics of Joint University and Community Housing Development: Cambridge, Boston, and Beyond informs and encourages the understanding and creation of community/university housing. It reveals the political and technical dynamics of joint housing development involving both communities and universities. Community/university housing projects have been built in several cities and planned in others. Since Cambridge, Masschusetts, home of Harvard and MIT, contains outstanding examples of community/university housing, the book focuses on the projects there since the 1960s. It also discusses a major project in Mission Hill near Harvard Medical School in Boston, along with brief examinations of a number of other projects. Through the Cambridge and Boston cases, the author explores the historical, political, and economic reasons for developing community housing. There, residents asked the universities to help solve the city housing problems to which the institutions had contributed. Since community housing involved a process, as well as a result in describing how the housing was built, the book focuses on the role of community participation in the development process. The study contributes to the understanding of the issues in several ways. First, two people well acquainted with community/university housing and politics introduce the study with insightful forewords. Second, the study provides details of the development process that will be useful to other community/university groups. Third, it explores university responsibility, rhetoric versus reality, and the educational values of community housing participation. Fifth, the lessons and suggestions provide insights and inspiration for others. Finally, the epilogue explains the development of the study. This study will be particularly helpful for other cities and university/communities encountering housing problems. The features and information here will interest a wide range of community, university, and other urban groups. The issues discussed will become increasingly relevant as more people move into attractive areas near universities. It is also pertinent to institutions like hospitals that also have community and housing problems, and to civic groups that can help solve a range of housing problems. This book explains the politics of community/university housing development in ways that encourage others to address and solve similar problems.


Real Estate Development Matrix

Real Estate Development Matrix

Author: Daniel B Kohlhepp

Publisher: Routledge

Published: 2018-02-02

Total Pages: 324

ISBN-13: 1351720341

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This book presents a new way of thinking about, teaching, learning, and practicing real estate development. Real Estate Development Matrix describes the process in a two-dimensional model and presents seven Development Stages which form the horizontal axis, and eight sets of Development Tasks which form the vertical axis to define a 56-cell matrix. In each cell, money is spent and risks are taken to achieve certain tasks and thereby create (or destroy) value. This holistic process considers the entire life cycle of real estate from its "green field" inception to its "brown field" state. The book is written by a real estate developer and academic, and the presented material is conceptual, practical, and non-technical. Jargon has been minimized as much as possible as the author introduces an entirely new model for real estate development that is both academically authoritative and developed in practice. It is aimed at a general professional audience participating in the development process, but equally the book is ideal for use as a textbook in undergraduate and graduate courses in real estate development, and an excellent supplemental text for business courses discussing real estate finance and investment. It may also be used as a textbook for professional courses, workshops, or seminars in real estate development. The book is supported by an interactive website at http://realestatedevelopmentmatrix.com/