A new book by a Department of Real Estate and Urban Design and Planning faculty: Peiser R., D. Hamilton, S. Dermisi, N. Egelanian and S. L. Charles, “Professional Real Estate Development – The ULI Guide to the Business” 4th Edition, 2023 ISBN 978-0-87420-477-3
The authors provide practical information on feasibility analysis, design and construction, financing, marketing, and management as they also incorporate tips and advice from more than 200 industry leaders who share their experience on how to avoid mistakes. There are photos, diagrams, spreadsheets, and actual project case studies providing the reader a detailed analysis of the development. Information is specific and detailed, with costs, rents, and financing information included by product type.
The authors emphasize innovation and new technologies, from the assembly and management of a project team to design, finance, marketing/management strategies and the reconciliation of the project vision with community engagement.
A significant portion of the commercial real estate chapters are focusing on sustainability trends and the effect of the covid-19 pandemic. The office chapter, authored by Prof. Dermisi identifies ways the technological and structural sustainability boundaries are pushed and how the pandemic has shifted the office occupant expectations on health and well-being, while embracing alternative ways of working through flexibility and adaptability. Office case studies highlight creative ways of linking new with historic landmark structures, overcoming various development challenges, and integrating valuable features in a post-covid era. Additionally, the evolution and repositioning of retail due to the rise of e-commerce and its impact on brick-and-mortar stores provides insights on future trends. While consumer behavior trends, which accelerated during the pandemic, created the emergence of new types of industrial facilities.
Explore the companion website