LAWS657-02 Real Estate Development

This course will focus on real estate development using a shopping center and a subdivision/condominium as paradigms. In the course, we will take the development project from the acquisition of land, through financing and construction, and finish with the leasing or transfer of the units. Students will be assigned to law firms of two students each and over the course of the semester each firm will negotiate with another firm three separate aspects of the development process. The firms will draft all the documents appropriate to those transactions and make short presentations on them in class. Students will prepare brief memos journaling their experience. Course grade will be based on the document drafting, journal memos, and presentations. Enrollment limited to 16 students, but the number of students must be divisible by four in order to enable firm assignments and negotiating partners; i.e. number of students may only be 4, 8, 12 or 16. Students may not drop this course after the first class. Prerequisite for this class is LAW 730 Real Estate Finance. This course satisfies 3 Skills Units