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Course Title Commercial Green Real Estate

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Course Title Commercial Green Real Estate Powered By Docstoc
					                                                               NORTH SEATTLE COMMUNITY COLLEGE
                                                               Business and Engineering Technologies Division


RES 217                                                    Co Instructor:
Commercial Real Estate Development &                       Office: IB2416
Sustainability                                             Phone: (206) 463-3538
                                                           Business Division: (206) 527-3730
Summer Quarter, 2009                                       Email: jmahoney@sccd.ctc.edu
Thursday 5:45PM-9:00PM                                     Office Hours: by appointment
Room: IB3417

Web page:                                                  Co Instructor: Megan Ritchie Saffitz
http://facweb.northseattle.edu/jmahoney/                   Phone: (206) 957-8566
                                                           Email: meganrs@paladinoandco.com
                                                           Office Hours: by appointment




  COURSE DESCRIPTION:

  The course is designed to explore the fundamental principles and procedures involved in developing commercial
  real estate including integration of sustainability. The stages of a development project from its initiation to
  completion will be discussed in some detail. Although the course is oriented toward the development-related
  professions, it is also appropriate for people whose main interest is on investments or other aspects of
  development.


  INSTRUCTORS BACKGROUND:

  Patrick Mahoney brings decades of real estate experience to his career as an instructor at NSCC. Starting in
  mortgage banking, he served as a corporate real estate executive, then as a commercial real estate broker
  specializing in office buildings. He proposed the development of a headquarters office building to
  Transamerica Corporation and under personal assignment did the site selection, site acquisition, development
  consulting and leasing management that resulted in the landmark Pyramid office building in San Francisco.
  He then founded his own development and consulting firm in San Francisco, developing urban office
  buildings in California and Washington. He has provided commercial real estate consulting services to
  banks, corporations and institutions in California, New Jersey and Louisiana and served for many years as a
  trustee of a NYSE listed real estate investment trust.

  Megan Ritchie Saffitz, AICP, LEED-AP, Built Green Certified Professional is a sustainable development
  consultant for one of the nation's premier green building consulting firms. Megan specializes in the
  successful application of the LEED Rating System across a variety of real estate products. As a LEED
  Reviewer, Megan has overseen scores of LEED Applications on behalf of the U.S. Green Building Council
  and Green Building Certification Institute and trained the next generation of LEED Reviewers: the GBCI’s
  Certification Bodies. Megan also contributed to the current version of the LEED Rating System - LEED
  2009 – through creation of its Development & Implementation Plan, Regional Priority Credits for
  Washington State, and review of the LEED Application Submittals for LEED 2009 and LEED-ND. Megan
is also active in the Cascadia Region Green Building Council and a founding signatory and Trustee for the
Cascadia Chapter of the Congress for New Urbanism. Megan has two graduate degrees from the University
of Pennsylvania - a Masters in City and Regional Planning and a Masters in Landscape Architecture – and
she is currently working on her MBA from the University of Washington; her Bachelors degree is in
Environmental Science from Scripps College. Prior to returning to Seattle, Megan was a planner with Brown
+ Keener Bressi and the Mayor’s Intern in the Department of Strategic Planning with the City of
Philadelphia.


LEARNING OBJECTIVES:
The objective of this course is to introduce the student to commercial real estate development including
concepts and specifics of sustainability. The student will explore the commercial property development
process from initial project definition through marketing of the finished product. By the end of the course,
students should be generally familiar with the development process and how sustainability can be effectively
integrated.


NSCC GENERAL EDUCATION OUTCOMES MET BY COURSE:
Outcome 1. Think critically in reading and writing.
Outcome 2. Use quantitative reasoning processes to understand, analyze, interpret, and solve quantitative
problems.
Outcome 4. Access, evaluate, and apply information from a variety of sources and a variety of contexts.


TEACHING PHILOSOPHY:
 Much of our teaching effort is directed at removing the mystery from the study of commercial real estate
development and sustainability. We want our students to have sufficient comfort with the principals,
practices, resources and activities to readily expand their knowledge of the subject and confidently explore
commercial real estate development and sustainability opportunities.


TEACHING AND LEARNING STRATEGIES:
   Lectures with posted or distributed outlines
   Directed readings
   Audio/visual aids
   Class discussions and problem solving
   Case studies
   Guest speakers
   Off-site exposure
   Applied learning
   Extra credit opportunities
   Web enhanced learning


REQUIRED TEXT:
Professional Real Estate Development, Second Edition Richard B. Peiser and Anne Frej Urban Land
Institute: 2003, Handouts
ADDITIONAL REFERENCES :
The Language of Real Estate, by Reilly. Dearborn Publishing.; Skyscraper by Karl Sabbagh, Penguin
Books; Other references to be provided during the course.


CLASS MATERIALS:
Calculator


GRADING SYSTEM:
Based on the following:
    Ongoing class project worth 100 points (graded per topic with 5 topics worth 20 points each:
       analysis, finance, public process, design and construction, and marketing)
    Participation worth 80 points (graded on attendance with 8 classes worth 10 points each)


DETERMINING STUDENT GRADES:
At the end of the quarter the final grade will be calculated on the
basis of a possible 180 points.


EXTRA CREDIT:
Extra credit projects will be announced and discussed during class. All extra credit projects are due on or
before August 21, 2009

   1. 10 Points: Attend a meeting of the Seattle Planning Commission or other planning commission in the
      region during the term of the class schedule. Submit evidence of having attended including the agenda
      and a brief description of each agenda item.
   2. 20 Points: Prepare and present a brief 10-minute presentation using Power Point on a development/re-
      development (that includes sustainability).


CRITERIA FOR CLASS PARTICIPATION: Contribute ideas, interact with peers and instructor, engage
in class activities, maintain attention on class work, and come prepared for class (completed reading and
assignments).


POLICY ON COURSE WITHDRAWAL: The instructors may initiate administrative withdrawals of
students who do not come to class during the first week of the quarter in order to accommodate other
students seeking entry into the class. Official withdrawal at other times of the quarter is the responsibility of
the student.


CLASSROOM CONDUCT: Students are expected to comply with NSCC student conduct policy and
procedures. Information on student responsibilities and rights is available at the following website:
www.seattlecolleges.com/services. Cell Phone Etiquette in the Classroom: To avoid disruption of the
learning environment, students are expected to turn off or silence cell phones during class.
AMERICANS WITH DISBLILITES ACT: If you need course adaptations or accommodation because of
a disability; if you have emergency medical information to share with your instructor; or if you need special
arrangements in case the building must be evacuated; please meet with your instructor as soon as possible.


ACADEMIC HONESTY: Academic honesty is highly valued at NSCC. A student must always submit
work that represents his/her original words or ideas


       ACADEMIC DISHONESTY COULD INVOLVE:
       1. Having a tutor or friend complete a portion of your assignment.
       2. Copying work submitted by another student.
       3. Using information from online information services without proper citation.


 CLASSROOM DIVERSITY STATEMENT: Respect for diversity is a core value of NSCC. Our college
community fosters an optimal learning climate and an environment of mutual respect. We, the college
community, recognize individual differences. Therefore, we are responsible for the content and tone of our
statements and are empathetic speakers and listeners.


 RESPECTFUL AND INCLUSIVE ENVIRONMENT: The instructor and student share the responsibility
to foster a learning environment that is welcoming, supportive, and respectful of cultural and individual
differences. Open and respectful communication that allows for the expression of varied opinions and
multicultural perspectives encourages us to learn freely from each other.


 FRAGRANCE POLICY: Students are encouraged to refrain from wearing heavily scented products during
class sessions, since some individuals may experience chemical sensitivities to fragrances that interfere with
their learning.


 ATTENDANCE: Students, who anticipate absence from class sessions are encouraged to email the
instructor in advance prior to the absence. Repeated absence may interfere with the student’s class
participation and result in a lower grade for that component of the course.


STUDENT SUPPORT SERVICES: Students are encouraged to seek campus support services when
necessary to support their learning and academic progress. Refer to student handbook, brochures/flyers, or
college website for information about:
     Educational Access Office (accommodations)
     Tutoring Services
     Library
     LOFT Writing Center Plus
     Counseling
     Women’s Center
     Multicultural Services Office
     Wellness Center
COURSE OUTLINE: Readings shown are to be completed for the class session in which it appears.
Assignments are due on the dates shown. Late assignments will be penalized.

      Session 1, July 2: Introduction to Green Commercial Real Estate
             Reading:
                  Sustainable Urbanism: Urban Design with Nature. Chapter 1.

      Session 2, July 9: Introduction to Commercial Real Estate Development
             Reading:
                  Professional Real Estate Development: Chapters 1 and 2.

      Session 3, July 16: Market Analysis – Conceptual Design, Site Selection and Acquisition
             Reading:
                  Professional Real Estate Development: Chapter 3, pages 64-69 and Chapter 5, pages
                     235 and 236.
                  Sustainable Urbanism: Urban Design with Nature. Chapter 10.

      Session 4, July 23: Market Analysis - Financial Feasibility; Fiscal Impact Analysis, and
      Financing
             Reading :
                 Professional Real Estate Development: , Chapter 4, pages 147-156 and Chapter 5,
                   Pages 228– 241.
                 The Cost of Green Revisited: Reexamining the Feasibility and Cost Impact of
                   Sustainable Design in the Light of Increased Market Adoption
             Guest Speaker:
                 Connie Buhl, MBA. Commercial lender with Key Bank Real Estate Capital.
             Group Exercise Due:
                 Market Analysis – Conceptual Design and Site Selection

      Session 5, July 30: Public Process
             Reading:
                  Professional Real Estate Development: Chapter 5, pages 223– 225.
                  SmartCode & Manual, pages C1 – C17.
             Group Exercise Due:
                  Market Analysis – Project Costing and Financial Feasibility

      Session 6, August 7: Design & Construction (developer, contractor, owner’s rep)
             Reading:
                  Professional Real Estate Development: Chapter 5: pages 225– 237.
                  Green Buildings Outperform Others in Market Place, Urban Land Magazine, June
                    2008.
             Film:
                  Green is the Color of Money: Case Study for a High Performance Sustainable
                    Building
                  Design e2: The Green Apple, The Green Machine, China: From Red to Green
             Group Exercise Due:
                  Public Process – EcoCharrette
Session 7, August 14: Marketing and Property Management
       Reading:
            Professional Real Estate Development, Chapter 5, pages 242– 245, 250 and 251.
       Group Exercise Due:
            Design + Construction – Strategy Implementation


Session 8, August 21: Trends & Issues
       Reading:
            Professional Real Estate Development: Chapter 8:
       Guest Speaker:
            Alicia Daniels Uhlig NCARB LEED® AP
              http://www.gglo.com/controls/gglo/personalities/auhlig.aspx
       Group Exercise Due:
            Marketing – Marketing Analysis + Campaign

				
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