REM 500 Lecture Notes - Lecture 1: Real Estate Development, Action Item
6 Dec 2017
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Please use ryerson e-mail accounts for communication between faculty and students. Action item - buy the textbook real estate development: principles and process 5 th edition (2015) by miles, netherton and schmitz (available in bookstore) Action item - buy the textbook managing projects: expert solutions to everyday challenges (2006) by harvard business school publishing. This is available online for about and is not required until after the midterm. Note: everyone does an individual assignment and then we get into groups and select the best idea and then we finish off the project. Development - the process of developing or being developed. Developers do not take out mortgages since mortgages are only for existing building. They hold property for short period of time. They have many risks government / legislative / site / finance / construction / market. Real estate cycle depends on feasibility / demand.
