Spring I
PUBLIC AND SPATIAL ECONOMICS FOR PLANNERS (CRP 512)
This course focuses on basic microeconomic theory and some topics in macroeconomics as they apply to spatial and public planning topics. This is the standard graduate foundation course in economics except that it pertains to the concept of space—which is central to planners and the real estate industry. The perspective of the public and nonprofit sectors is the perspective of city and regional planning. The course also covers the economic theory necessary to understand the many applications of economics present in planning.
DESIGN IN REAL ESTATE DEVELOPMENT (CRP 556)
The course provides a basic understanding of the importance of design in real estate development. The role of the architect and other design professionals is considered from initial needs-assessment through project implementation. Fundamentals involved in defining, stimulating, and recognizing quality in design are addressed. The analysis of case studies and presentations by guest speakers examine the methods and procedures employed to achieve quality design and how this adds value to development.
REAL ESTATE LAW (CRP 657)
This course examines the major legal concepts pertaining to acquisition, use, management, and transfer of real estate. Particular focus is on legal considerations pertaining to property rights, contracts, and public controls on the use of land. Important case law, statutory law, and rules and regulations are considered, and current legal issues affecting the real estate industry are discussed.
RESIDENTIAL DEVELOPMENT (CRP 658)
The course explores the residential development process from site acquisition through delivery of the finished product. Topics covered include composition of the project-development team, market feasibility, land planning and acquisition, product selection and design considerations, project financing and feasibility, schedule and budgetary controls, contracting and construction issues, marketing, and sales activities. Current issues in providing competitive housing products for today’s markets also are explored. Classes are supplemented by case studies and presentations from visiting professionals and feature a semester-long real-world project completed by student teams.
REAL ESTATE FINANCE AND INVESTMENTS (H ADM 628)
This course promotes sound real estate investment and finance decision-making through the use of advanced theory and techniques in financial economics. Real estate investment decisions are analyzed through applications of the after-tax discounted cash-flow model, which incorporates prevailing domestic and international economic conditions in real estate markets, tax rules, and options. Investment decisions are studied using the techniques of modern financial analysis. Students gain experience with real estate analytical software (ARGUS/Excel). Many financing options are considered.