Managing Commercial Real Estate Development Projects

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Managing Commercial Real Estate Development
Projects Managing Real Estate Development
Projects Real estate development projects have
many moving pieces the project manager guides
and aligns resources to bring those pieces
together into a coherent, financially successful
whole. To develop critical project management
skills, you will work through a case study and
learn how to think like a project manager with
guidance from Brad Well stead, experienced former
real estate development project manager and
Cornell University faculty member. The practical
tools and techniques you learn will allow you to
confidently create a project schedule, set a
realistic budget, and effectively manage
resources, risks, and people. View More
Details A local investor bought these two
five-story East Village walk-ups, totalling
14,900 square feet with 50 feet of frontage.
They offer 16 two-bedroom apartments, which are
mostly free-market, as well as three retail
spaces occupied by a computer store, Handsome
Dans candy shop and Uogashi, a Japanese
restaurant. The building, in the same hands since
1980, sold in an all-cash transaction within two
weeks. Air rights come to about 5,000 square
feet. An investor can purchase a small retail
space or storage center directly or through a
private partnership, but the down payment
requirements tend to be much higher than for
residential properties think 30 at least. Real
estate limited partnerships are another option,
though these also often require a considerable
investment. Close Content engaging our readers
now, with additional prominence accorded if the
story is rapidly gaining attention. Our WSJ
algorithm comprises 30 page views, 20 Facebook,
20 Twitter, 20 email shares and 10
comments. However, the contribution to Europe's
economy in 2012 can be estimated at around 285
billion according to EPRA and INREV, not to
mention social benefits of an efficient real
estate sector. It is estimated that commercial
property is responsible for securing around 4
million jobs across Europe. When an electrical
outage conspires with freezing temperatures, your
building is damaged by water flowing from burst
pipes. Business property insurance can help
repair buildings and equipment damaged by
vandalism, fires, hailstorms or other covered
events. The term commercial property (also
called commercial real estate, investment or
income property) refers to buildings or land
intended to generate a profit, either from
capital gain or rental income. Commercial
property includes office buildings, industrial
property, medical centers, hotels, malls, retail
stores, farm land, multifamily housing buildings,
warehouses, and garages. In many states,
residential property containing more than a
certain number of units qualifies as commercial
property for borrowing and tax purposes.
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Plan a financially feasible development project
using the real estate development process.
Create a real estate development project
schedule, budget, and process for managing
resources and risks. Develop a real estate
investment strategy, estimate profitability, and
choose the best way to raise capital. Structure
private equity and debt financing to maximize
returns on real estate investment deals. Maintain
commercial real estate properties Hattiesburg
using best practices in facilities and tenancy
management. Develop a real estate asset
management strategic plan to meet or exceed owner
goals. Article Source http//www.imfaceplate.com/
richardm82/managing-commercial-real-estate-
development-projects