Development 101

An Overview of the Commercial Development Process

Overview

NAIOP Northern Virginia has designed a basic course for real estate professionals from NAIOP member companies who want to learn how fundamental real estate decisions are made. During seven sessions, the course will examine the real estate development process from a practitioner’s perspective – and will show how successful developers actually think about and solve problems. A specific development site will be the focus of the seminars. Each program module will provide the participants with a systematic approach to development and will introduce them to leading real estate professionals in an informal setting. The final session will be a site visit to the project.

Topics

What you will learn:

Module I: The Development Process & Entitlements

The Development Process
Site Acquisition
Entitlements
Permits

Module II: Real Estate Finance

Real Estate Finance Overview
Investment Analysis
Lender & Developer Perspectives
Underwriting Strategies
Case Study

Module III: Real Estate Development

Project Conception
Site Acquisition
Project Feasibility
Market Analysis
Project Pro Forma

Module IV: The Design Process

Land Planning
The Design Process
Scheduling/Budgeting
Managing Design Professionals

Module V: Construction

Contracting Methods
Construction Team/Coordination
Pre-construction, Estimating, Bidding
Project Management

Module VI: Marketing and Leasing

Defining the Assignment
Assembling a Team
Selling the Project
Space Planning

Module VII: In-person Site Tour

Project Tour
Lessons Learned

Schedule

The class will be held online in 2022 except for the last class, the property tour, which will be in person. NAIOP Development 101 2022 class will be held on the following dates:
Dates are: January 25, February 8, February 23 (note day), March 8, March 22, April 5, April 19.

8:15 AM Networking
8:30 AM Class
10:30 AM Adjourn

Location

Online on AIRMEET platform

Registration

Class size is limited.
$750 Members
$900 Non-Members
Registration is open, click here to register.

Development 101 is chaired by Coleman Rector, Weber Rector Commercial Real Estate Services, Inc.