Real estate development is inherently interdisciplinary and its entrepreneurial nature makes decision-making complex. This textbook provides an understanding of the development process in an eight-stage model of real estate development, including: finance and the effects of the markets; the history of real estate development; the development process, from ideas through planning and analysis to public/private development; contract negotiation, building and environmental issues; and the operation of the finished property.
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Ideal for anyone new to real estate development, the fourth edition of this bestselling book covers each stage of the process step by step, explaining the basics of idea conception, feasibility, planning, financing, market analysis, contract negotiation, construction, marketing, and asset management. Thoroughly updated, the book includes material on financing and marketing.
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