Everything necessary to begin and run a real estate development business is covered in this definitive text. Compiled by the Urban Land Institute (ULI), the premier industry association for land developers, this book contains complete information on each of the five types of land development: land subdivision, multi-family residential, office, industrial and retail. In-depth coverage is given to: design and site planning; financing and construction; marketing and management; operations and maintenance. For new developers, there is useful material on finding the first deal and setting up an effective development team. Real estate professionals and professionals in industries that serve developers will gain a better understanding of all facets of this complex field.
1st Read (09.06.2015): Perhaps a bit wonky or niche for general readers, but an incredibly important reference book for people in my career. I read a 2003 version. I'm sure some of the financing sections have changed considerably since the Great Recession.
2nd Read (12.07.2017): Still an important reference book. Less interesting to read all the way through the second time. I'm more attuned that important information is missing or glossed over for a developer. The focus is on finance and management rather than the actual process of building. In my job as a City Planner, I wish the developers would care more about the actual building than the finance.
Well written in depth review into relevant aspects on RE development. Professional development path for me, so should only be of interest to the people in the field.
There are many suggestions for those getting started and tips for success. I'm a real estate agent looking to expand from resale homes to new home communities and this has been a helpful resource.