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.
1st Read (09.06.2015): Perhaps a bit wonky or niche for general readers, but an incredibly important reference book for people in my career. I read a 2003 version. I'm sure some of the financing sections have changed considerably since the Great Recession.
2nd Read (12.07.2017): Still an important reference book. Less interesting to read all the way through the second time. I'm more attuned that important information is missing or glossed over for a developer. The focus is on finance and management rather than the actual process of building. In my job as a City Planner, I wish the developers would care more about the actual building than the finance.
Well written in depth review into relevant aspects on RE development. Professional development path for me, so should only be of interest to the people in the field.
There are many suggestions for those getting started and tips for success. I'm a real estate agent looking to expand from resale homes to new home communities and this has been a helpful resource.