LAWS657-02 Real Estate Development

This course will focus on real estate planning using the development of a shopping center as paradigm. In the course, we will take the development project from the acquisition of land, through financing and construction of the shopping center, and finish with the leasing of stores in the shopping center. Students will be assigned to law firms of two or three students each and over the course of the semester each firm will negotiate with another firm three separate aspects of the development process. For example, students in a firm may negotiate a long term ground lease, the construction financing of the shopping center, and an anchor tenant lease. The firms will also draft all the documents appropriate to those transactions, prepare brief memos journaling their experience, and make short presentations on them in class. Course grade will be based on the document drafting, journal memos, and presentation. Enrollment limited to 16 students. Preference will be given to students who have not taken 657 Real Estate Development. This course satisfies 2 Skills Units.