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.

Photos from the site tour are on our website... Click here

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 closed.

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

Sponsor

Merritt

Technology Sponsor

WashingtonWorkplace