We will discuss basic information about the process, the players, the roles, and the risks. Look at how to evaluate the development potential of a site, assess market demand, and understand leasing issues. Learn how to evaluate the financial feasibility of a project and explore how the value of commercial property is determined. We will evaluate real estate projects from the perspective of private and public sector lenders, estimate the amount of debt a project will support, and explore ways to close financing gaps. Several project case studies will be used throughout the course and students will perform a series of analytical exercises.
Calculator is required.
Commercial District Revitalization Learn to create an effective revitalization program for your business district. Explore the analysis and planning process. Discuss techniques for completing a market study and creating a development strategy. Review commonly used tools such as fa ade improvement programs, business loan programs, and business improvement districts. Includes lecture, case studies, and exercises.