REAL ESTATE DEVELOPER ... WHO & WHAT IS IT?

by: Arthur L. Pearlman

To better understand the job of a Developer, this paper will first begin by describing the iterative tasks a Developer must follow throughout the development process. The paper will end with a discussion of some of the overall issues one must consider when developing real estate.

The content will be presented in the following outline:

I. INTRODUCTION

II. THE ROLE OF THE DEVELOPER

• Functions and Tasks of Development• Pre-Development Phase• Development Phase• Construction and Design Phase

• Tenant Move-In Phase

• Loan Closing Phase• Operational Phase

III. DEVELOPMENT ISSUES

• Legislative Activities in California.

• What is Real Estate?• Concepts of Sprawl.

• Definition of a Shopping Center.

• Impact of Shopping Centers in California.

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