NOTE: This course
description is from Fall 2017 and is FOR REFERENCE ONLY. Course content and
details may differ in the current semester. If an updated description becomes
available, we will post it here.
COURSE NUMBER: MBA282.1
This
course is dual-listed with the Evening-Weekend MBA Program
COURSE TITLE: Real Estate
Development
UNITS OF CREDIT: 3 units
INSTRUCTOR: Dennis M. Williams
E-MAIL ADDRESS: dwilliams@northmarq.com
CLASS WEB PAGE
LOCATION: bCourses
PREREQUISITE(S): Prior real estate
coursework and/or work experience is encouraged.
CAREER FIELD: This course provides
excellent preparation for a career in commercial real estate, including areas
such as development, acquisitions, finance and asset management.
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 (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.