COURSE
NUMBER: MBA282.1
This
course is cross-listed with the EWMBA Program
COURSE
TITLE: Real Estate Development
UNITS
OF CREDIT: 3
INSTRUCTOR:
Dennis M. Williams
E-MAIL
ADDRESS: dwilliams@northmarq.com
CLASS
WEB PAGE LOCATION: https://bspace.berkeley.edu/portal
MEETING
DAY(S)/TIME: Monday, 6:00-9:30PM
PREREQUISITE(S):
Prior real estate coursework and/or work experience is encouraged.
CLASS
FORMAT: The class will include a mixture of lectures and case work.
REQUIRED
READINGS: The readings will include a mixture of a textbook, course reader and
reserve readings.
BASIS
FOR FINAL GRADE: Grading will be based upon individual and group assignments, a
semester long group development project, class participation and a final exam.
ABSTRACT
OF COURSE'S CONTENT AND OBJECTIVES: This course focuses on the entire process
of real estate development, beginning with the acquisition, entitlement and
development of land all the way through to construction completion, marketing,
leasing and management of the finished project. Major elements of development
covered in this course include site assessment, market feasibility, design
aesthetics, environmental constraints, the entitlement process, financial
structuring, project management, marketing/leasing and deal making. This course
is a must for those with an interest in the real estate development process. The
class is typically composed of graduate students with backgrounds in Business,
Planning, Architecture, Engineering and Law.
BIOGRAPHICAL
SKETCH:
Dennis
M. Williams
Managing
Director
Northmarq Capital, Inc.
Dennis
Williams has been a mortgage banker with the San Francisco office of Northmarq Capital Inc. (formerly Trowbridge, Kieselhorst & Company) since 1988. His company arranges
permanent, construction, bridge, mezzanine and equity financing for income
property. Currently a Managing Director at Northmarq,
Dennis has arranged nearly $5 billion of income property financing with
institutional capital sources. Property types financed include office, research
& development, retail, multi-family, hospitality and industrial real
estate. Dennis has been one of the company’s top originators since 2000 and
received recognition in 2001 and 2002 as Northmarq’s
Top Producer nationwide.
Dennis
received his MBA from the Tuck School of Business at Dartmouth in 1988 and his
AB with a double major in Political Science and Economics from U.C. Berkeley in
1984. He currently lectures at the Haas School of Business at U.C. Berkeley,
where he has taught a semester long MBA course entitled Real Estate Development
since 2004. Dennis previously taught an upper division undergraduate course,
Real Estate Finance & Investment, at Haas from 2002-04 and at USF’s McLaren
School of Business from 1997-2003.
Dennis
served as president of the Bay Area Mortgage Association (BAMA) from 1997-98,
and as President of the SF Chapter of the National Association of Industrial
and Office Properties (NAIOP) in 1995 and 2002. Dennis has acted as a moderator
and guest speaker at multiple presentations to BAMA, NAIOP (SF & Silicon
Valley Chapters), Mortgage Bankers Association, Belden Club, Urban Land
Institute, Fisher Center RE Conference, the Korean Executive RE Symposium, City
National Bank, Stanford University’s Graduate School of Business, AICPA and Northmarq Capital.