Real Estate Development - 5th Edition: Principles and Process [Hardcover]

Completely revised and updated, the fifth edition of this bestselling textbook covers each stage of the real estate development process, explaining the basics of idea conception, feasibility, planning, financing, market analysis, contract negotiation, construction, marketing, and asset management. This new edition has been revised to include new topics such as sustainability, green building, and how development financing has changed since the Great Recession. It includes all-new examples, case studies, and photographs. The text is intended for university students in schools of business, planning, architecture, engineering, and law. It is also a useful beginning point for those shifting careers, either into development or between roles in development.

Mike E. Milesis senior managing director at Guggenheim Partners and was formerly foundation professor of urban development at UNC Chapel Hill. He lives in Chapel Hill, North Carolina.Laurence M. Nethertonis a 40 year veteran of real estate investment and development. For six years he taught land planning in a certificate program at the University of California, Irvine. He lives in Newport Beach, California.Adrienne Schmitzis a former senior director of publications at the Urban Land Institute. She is the author and editor of several books and articles on real estate and urban planning topics, includingThe New Shape of SuburbiaandThe Residential Development Handbook. She lives in Washington, DC.