Book Description
Thoroughly updated, the second edition of Professional Real Estate Development explains the nuts and bolts of the real estate development industry. You will learn how to develop and manage five types of real estate products: land, residential, office, industrial, and retail uses. Focusing on small-scale projects, the authors show you practical methods for developing each major type of real estate, including feasibility analysis, design and construction, financing, marketing, and management. Photos, site plans, diagrams, 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


About the Author
Richard B. Peiser was appointed the first Michael D. Spear Professor of real estate development in the Department of Urban Planning and Design at the Graduate School of Design, Harvard University. He joined Harvard in 1998 after being on the faculty at the University of Southern California since 1986, where he served as director of the Lusk Center for Real Estate Development and academic director of the Master of Real Estate Development Program, a program he founded in 1986. Before that appointment, he was assistant professor of real estate and regional science in the MBA program of the Cox Business School at Southern Methodist University in Dallas. Peiser has blended his academic career with professional real estate experience. A planner and entrepreneur developer as well as an expert in real estate finance, he has also demonstrated an interest in spatial and design issues and in the economics of land development. Through various partnerships in Texas and California, he has engaged in homebuilding and apartment development as well as large-scale land development and management. His recent development and investment activities have focused on low- and moderate-income apartment development and industrial product acquisition. His primary research has focused on developing an understanding of the response of real estate developers to the marketplace and to the institutional environment in which they operate, particularly in the areas of urban redevelopment, affordable housing, and suburban sprawl. He has published numerous articles in academic and professional journals on subjects that include new town development, urban growth, development regulation, infrastructure financing, and real estate finance. He is editor of Reducing Crime through Real Estate Development and Management (ULI, 1998) and author of Strategies and Structure of Real Estate Development Firms: Lessons from Management Research (ULI, 1991), Special Districts: A Useful Technique for Financing Infrastructure (ULI, 1987), and Financing Infrastructure to Support Community Growth (ULI, 1984). Peiser received his BA from Yale University, his MBA from Harvard University, and his Ph.D. in land economy from Cambridge University. He is a trustee and fellow of the Urban Land Institute, coeditor of the Journal of Real Estate Portfolio Management, and a faculty associate of Eliot House. He serves on the boards of American Realty Advisors and the Berkshire Income Realty, Inc.