REAL 1820 Lecture Notes - Lecture 6: Property Insurance, Competitive Advantage, Microsoft Powerpoint

• School: University of Guelph
• Department: Real Estate and Housing
• Course: REAL 1820
• Professor: Jian Zhou

Document Summary

The development team: development projects require a multifaceted team: design, finance, build, lease or sell, etc, exact responsibilities of key players (below) ae not always clear-cut, and overlap / cooperation is key and common. The developer: leader of the team, hires other members, makes decisions. Builders (construction workers: enter into contract with the developer to build the project. Leasing agents / sales brokers: help to lease / sell space to tenants / buyers. Appraisers: estimate project value for different purposes (ie. taxation, project financing, credit, etc. ) Financial players: provide loans for the projects (ie. banks, credit unions, etc. ) Market researchers: tells whether sufficient demand exists (or not) or competition, findings are used to determine the feasibility of the project. Marketing / public relations consultants responsible for designing a marketing strategy for the project; help developers deal with relationship with the neighborhood & government. Other technical players: architects, urban designers, engineers, land planners, landscape architects, environmental consultants, transportation consultants.