Product Description

Ideal for those new to real estate development, this comprehensive reference book offers a thorough and practical introduction. Using an eight-stage model of the development process, the authors explain idea conception, feasibility, planning, financing, market analysis, contract negotiation, construction, and asset management. Ongoing case studies of an office and a multifamily development provide realistic examples.

Product Details

• Amazon Sales Rank: #23530 in Books
• Published on: 2007-10-26
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 576 pages

About the Author
Mike E. Miles, PhD

A seasoned professional, Mike Miles provides insight and expertise developed from a well rounded career in both the private sector and academia.

He has been the portfolio manager for the Fidelity Real Estate Asset Manager, a series of institutional investment vehicles that combine public securities with direct real estate ownership, and has also been executive vice president of the Prudential Realty Group and managing director of Prudential Real Estate Investors.

Miles has also held full-time academic positions at the University of North Carolina-Chapel Hill, the University of Wisconsin-Madison, and the University of Hawaii-Manoa.

He is a prolific author and has written several textbooks and monographs on real estate economics, as well as more than 50 journal articles.

Miles is past president of both the National Council of Real Estate Investment Fiduciaries and the American Real Estate and Urban Economics Association.

Gayle Berens

Currently vice president of real estate development practice for the Urban Land Institute, Berens directs the publications and education programs related to the practice of real estate and land development-from commercial to residential to parks. She also directs and develops university-related programs for ULI, including the academic fellows program.

Berens in the coauthor of several books, including Urban Parks and Open Spaces, and all three editions of Real Estate Development: Principles and Processes.

Marc A. Weiss, PhD

Marc Weiss is a senior fellow at the Center for National Policy, a public policy scholar at the Woodrow Wilson International Center for Scholars, and president of Metropolitan Investment Strategies in Washington, D.C. He recently served as special assistant to the Secretary of the U.S. Department of Housing and Urban Development, senior advisor to the director of the District of Columbia Department of Housing and Community Development, coor

Customer Reviews

Thorough, up to date (2000) and well written
This book was recommended as a textbook for a 4th year course in real estate development and it reads like one. It is well organized and covers this broad subject with detailed, practical information in a systematic way.

Most of all I enjoyed the two real life case study storys (of the development of an office building and a high-rise apartment) that weave through the chapters. These were very candidly told by the developers themselves and give the real picture of the trials and tribulations of large project real estate development.

Numerous listings of information sources, web sites, and bibliographies at the end of each section makes this book a 'keeper' reference text.

Market, marketability and feasibility studies
This book so clearly articulates the pivotal role of the triad of market, marketability and feasibility studies in the field of real estate development. While the book does not attempt to be all encompassing, the text is dense with financial and other risk analysis distilled from the experience of the authors and contributors.

Although at times it felt like the shudder of taking an ice cold shower, I finished the book feeling refreshed and invigorated to tackle the challenges and opportunities of the risk-reward tradeoff in the development business.

Good hands-on approach
I appreciate the up-to-date information contained in this book, and the way the authors have placed it in real-life context. Helpful for all levels of proficiency in the area.

I would say this book is about equal in quality to Peiser's book on professional real estate development, and your choice would depend on your preference in presentation.