Restriction(s): MBA program students and Real Estate Development Certificate program students only. This course focuses on how a project is created and how the vision becomes a reality in an often difficult community atmosphere for development. Furthermore, after approvals are obtained, pre-construction development issues require the ability to navigate numerous requirements for both the developer and the lender. With this Course, the student will learn how to: develop a project budget, document project organization and procedures, develop a master schedule, establish and monitor a detailed design schedule, estimate design concepts and compare to cost models, review plans and specifications for technical accuracy and coordination of engineering disciplines, estimate final design development package, identify long-lead delivery items for early purchasing, identify pre-qualification criteria for contractors and suppliers, review plans and specifications for technical accuracy and coordination of engineering disciplines, recommend revisions to contract provisions, prepare sub-contractor bidding documents and specifications, establish and monitor detailed construction document schedules and qualify contractors and suppliers. It also incorporates the numerous legal pitfalls that a real estate investor or developer must have knowledge of through core legal concepts of the real estate transaction. This is a must have course which encompasses contracts and issues that arise in the course of construction, development, ownership and operations and legal issues affecting site selection, acquisition, development, financing, ownership, and management of real estate; A core competency in how federal, state, and local laws impact real estate investment transactions and structuring the relationship with joint venture investors and partners.