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: Tour of The Highlands
- Project Tour
- Lessons Learned
Schedule
8:15 AM Networking
8:30 AM Class
10:30 AM Adjourn
Location
Online
NAIOP Development 101 2021 class will be held on the following dates:
March 2, March 16, March 30, April 13, April 27, May 11 and June 2.
Development 101 is chaired by Coleman Rector, Weber Rector Commercial Real Estate Services, Inc.
Registration
Development 101 is open to NAIOP Northern Virginia members and those who work for member companies only.Class size is limited.
$700 Members
$850 Non-Members
Click here to register.
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