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 at northmarq
dot com
CLASS WEB PAGE LOCATION: bCourses
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.
CAREER FIELD: This course provides excellent preparation for a career in
commercial real estate, including areas such as development, acquisitions,
finance and asset management.
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 (formerly TK & Co.) since 1988. His company arranges
permanent, construction, bridge, mezzanine and equity financing for income
property. Currently a Managing Director at Northmarq,
Dennis has arranged over $6 billion of income property financing with
institutional capital sources and has been one of the company’s top originators
since becoming part of Northmarq in 2000.
Property types financed include office, research & development, retail,
multi-family, hospitality and industrial real estate.
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. He has also served as the Chair of the
NAIOP Sponsored Cal-Stanford Golden Shovel Competition since 2000.