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					INTENSIVE PROFESSIONAL
CERTIFICATE PROGRAMS




2010–2011
> REAL ESTATE FINANCE AND INVESTMENT
> REAL ESTATE DEVELOPMENT
> GLOBAL REAL ESTATE
> SUSTAINABLE DESIGN, CONSTRUCTION, AND DEVELOPMENT
> CONSTRUCTION PROJECT MANAGEMENT
INTENSIVE PROFESSIONAL
CERTIFICATE PROGRAMS
Intensive one-week programs in Real Estate and Construction Management deliver in-depth,
concentrated learning experiences for professionals looking to sharpen their expertise in a
particular aspect of these expanding, globalized industries. Classes are small to ensure students
receive ample attention and are generally scheduled Monday through Friday, 9 a.m.–4.30 p.m.
Many intensives can be applied toward the completion of a professional certificate program.

FACULTY
Intensive programs are taught by instructors who are leaders and accomplished professionals
from across the real estate, design, and construction industries, all of whom are members of
the NYU Schack Institute of Real Estate graduate and noncredit program faculty.

LOCATION
All classes meet at the NYU Midtown Center, 11 West 42nd Street, unless noted. For further
information, please contact (212) 992-3336.

These courses can be delivered in-house and customized.

REGISTRATION
For registration information, see page 12, call (212) 998-7150, or e-mail scpsinfo@nyu.edu.




For more information, including additional offerings:
scps.nyu.edu/schackintensives
(212) 992-3336
                                                                           “Intensive real estate courses are a great way to get cutting-edge in-
                                                                            formation from very interesting and experienced real estate industry
                                                                            professionals from the best university located in what is arguably the
                                                                            most complex and sophisticated real estate city in the world.”
                                                                                                 — Jeff Stoddard, student, NYU Schack Institute of Real Estate




CONTENTS

CERTIFICATE IN REAL ESTATE FINANCE AND INVESTMENT
The Business of Real Estate: Finance and Investment Intensive ................................................................................................................2
Real Estate Financial Modeling and Analysis Intensive ..............................................................................................................................3
Real Estate Investment Decision Analysis Intensive ...................................................................................................................................3
Real Estate Investment Banking and Capital Markets Intensive.................................................................................................................4

CERTIFICATE IN REAL ESTATE DEVELOPMENT
Real Estate Development Intensive ..........................................................................................................................................................5
Real Estate Asset Management Intensive ..................................................................................................................................................5
Post-Catastrophe Reconstruction Intensive...............................................................................................................................................6
The Business of Real Estate: Finance and Investment Intensive ................................................................................................................2

CERTIFICATE IN GLOBAL REAL ESTATE
Global Real Estate Finance and Investment Intensive ...............................................................................................................................7
Global Real Estate Development Intensive ...............................................................................................................................................7
Global Real Estate Markets Intensive .......................................................................................................................................................8

CERTIFICATE IN SUSTAINABLE DESIGN CONSTRUCTION AND DEVELOPMENT
Building the Sustainable Project: Design, Construction, and Development Intensive..................................................................................9
Retrofitting Existing Buildings and Green Building Operations Intensive ....................................................................................................9

CERTIFICATE IN CONSTRUCTION PROJECT MANAGEMENT
Construction Methods, Materials, and Drawings Intensive .......................................................................................................................10
Construction Project Management Intensive ...........................................................................................................................................11
Construction Legal Issues and Risk Management Intensive .....................................................................................................................11
Post-Catastrophe Reconstruction Intensive...............................................................................................................................................6




(212) 992-3336 • scps.realestate@nyu.edu                                                                                                                                                        1
    CERTIFICATE IN REAL ESTATE                                          THE BUSINESS OF REAL ESTATE:
    FINANCE AND INVESTMENT                                              FINANCE AND INVESTMENT /$1,995
                                                                        Spring 2011 X62.9630
                                                                        Monday–Friday, 9 a.m.–4.30 p.m., Feb. 28–Mar. 4.
    Acquire a complete understanding of how commercial real             Summer 2011 REFI1-CE9630
    estate investment deals are financed, structured, and               Sec. 1: Monday–Friday, 9 a.m.–4.30 p.m., June 6–10.
                                                                        Sec. 2: Monday–Friday, 9 a.m.–4.30 p.m., June 13–17.
    accomplished.
                                                                        Fall 2011 REFI1-CE9630
    Upon completion of the program, students have covered:              To be offered in Fall 2011 semester.
    > How to identify sources of capital and various forms of           Increase your practical and strategic knowledge of real estate in
      financing structures.                                             the most exciting real estate market in the world—New York City.
                                                                        This intensive one-week program provides a solid foundation for
    > Mortgage instruments.                                             understanding the high-stakes business of commercial real estate.
                                                                        Through exposure to actual cases, students understand the real
    > Real estate investment and analysis.                              issues involved in the creation of real estate assets and real estate
    > Valuation methods.                                                value.

    > Underwriting methods.                                             AREAS COVERED

    > Real estate financial calculations.                               > Real estate valuation concepts and techniques.
                                                                        > Real estate investment framework, capitalization of real estate,
    > Comparison of investment deal structures.                           and the income statement.
                                                                        > Real estate financial analysis, the pro forma.
    This certificate is awarded to students who successfully            > Financing and underwriting principles and practices.
    complete the following intensive courses: The Business              > Capital markets, REITs, and debt securitization.
    of Real Estate: Finance and Investment; Real Estate Finan-          > Investment analysis and analyzing the deal.
    cial Modeling and Analysis; and Real Estate Investment              FACULTY
    Decision Analysis.
                                                                        > Michael Grey, president, Piermont Properties, Inc.
    All certificate program course requirements must be com-            > Stephen Manaker, adjunct assistant professor, NYU Schack
    pleted with an overall average of “B” or above. Certificates will     Institute of Real Estate.
                                                                        > Barry Stein, president, Rohman & Stein Associates, Inc.
    not be issued unless an Application for Certificate Candidacy       > Wendy A. Tilton, principal, Key Properties Consulting.
    is submitted. For details, see page 12. Requests for course         > Ciro R. Trotta, adjunct assistant professor, NYU Schack Institute
    substitutions should be made to scps.realestate@nyu.edu.              of Real Estate.

                                                                        PROGRAM NOTES
                                                                        This program counts as one course toward the Certificate in Real
                                                                        Estate Finance and Investment or the Certificate in Real Estate
                                                                        Development for students pursuing the accelerated certificate
                                                                        option. For information on certificate requirements, please see
                                                                        Certificate Candidacy on page 12. Tuition includes course materi-
                                                                        als and continental breakfast. For those seeking a letter grade for
                                                                        this course, an exam is administered on the final day of the class.




2                                                                                                   scps.nyu.edu/schackintensives
REAL ESTATE FINANCIAL MODELING                                            REAL ESTATE INVESTMENT
AND ANALYSIS /$1,995                                                      DECISION ANALYSIS /$1,995
Spring 2011 X62.9640                                                      Summer 2011 REFI1-CE9680
Monday–Friday, 9 a.m.–4.30 p.m., Mar. 14–18.                              Monday–Friday, 9 a.m.–4.30 p.m., July 18–22.
Summer 2011 REFI1-CE9640                                                  Fall 2011 REFI1-CE9680
Monday–Friday, 9 a.m.–4.30 p.m., June 20–24.                              To be offered in Fall 2011 semester.
Fall 2011 REFI1-CE9640                                                    Further your understanding of commercial real estate investment
To be offered in Fall 2011 semester.                                      decision analysis with applications of acquisition, renovation, reposi-
Acquire a solid and practical understanding of real estate cash-flow      tion, and disposition considerations. Gain a framework of advanced
analysis concepts and applications using a combination of tools,          financial economic principles and analytical techniques. Beginning
including the HP 12-C financial calculator and MicroSoft Excel            with the creation of a cash flow pro forma statement and finding
software. Beginning with a review of the essential financial calcula-     the appropriate discount rate based on the weighted average cost
tions and measurements used in quantitative real estate investment        of capital (WACC), explore the effects of leverage, and prepare a
and income property analysis, participants progress to developing         before-and-after tax investment analysis based on net present value
a financial model template for the acquisition and refinancing of         (NPV) and internal rate of return (IRR).
commercial real estate using the Excel software. Concepts and mea-        AREAS COVERED
surements covered include annual property operating statements,
pro forma forecasting and preparation, net operating income (NOI),        > Top-down approach to investing.
cash-on-cash return, internal rates of return (IRR), net present value    > Quantitative real estate investment analysis.
(NPV), discounted cash flow, residual value, capitalization rates,        > Discounted cash flow analysis.
debt service, the implication of leverage on investment returns,          > Financial modeling and simulations of capital allocation.
depreciation, and capital gains. Property types covered include of-       > Effects of leverage.
fice, residential, industrial, and retail. Modeling sessions take place   > Understanding and using essential ratios.
in a computer lab, therefore students do not need to bring laptops.
                                                                          FACULTY
However, students should bring an HP 12-C calculator.
                                                                          > Scott Robinson, adjunct assistant professor, NYU Schack Institute
AREAS COVERED                                                               of Real Estate.
> Net operating income (NOI) and net present value (NPV).
                                                                          PROGRAM NOTES
> Internal rate of return (IRR).
> Discounted cash flow and cash flow statements.                          This program counts as one course toward the Certificate in Real Es-
> Impact of leverage.                                                     tate Finance and Investment for students pursuing the accelerated
> Depreciation.                                                           certificate option. For information on certificate requirements, please
> Excel financial modeling.                                               see Certificate Candidacy on page 12. Tuition includes course mate-
                                                                          rials and continental breakfast. For those seeking a letter grade for
FACULTY                                                                   this course, an exam is administered on the final day of the class.
> Anthony Chang, Broadway Partners                                        Prerequisite: The Business of Real Estate: Finance and Investment
> Shaun Trimblett, Prudential Real Estate Investment Global Risk          and Real Estate Financial Modeling and Analysis or equivalent
  Management                                                              financial analysis experience and basic Microsoft Excel skills. An
                                                                          HP 12-C financial calculator is required.
PROGRAM NOTES
This program counts as one course toward the Certificate in Real
Estate Finance and Investment for students pursuing the acceler-
ated certificate option. For information on certificate requirements,
please see Certificate Candidacy on page 12. For those seeking a
letter grade for this course, an exam is administered on the final
day of the class. Tuition includes course materials and continental
breakfast. Prerequisite: The Business of Real Estate: Finance and
Investment or equivalent experience.




(212) 992-3336 • scps.realestate@nyu.edu                                                                                                       3
REAL ESTATE INVESTMENT BANKING AND CAPITAL                               CERTIFICATE IN REAL ESTATE
MARKETS: UNDERSTANDING VALUE DURING THE                                  DEVELOPMENT
ENTERPRISE LIFE CYCLE /$1,995
Spring 2011 X63.9685
Monday–Friday, 9 a.m.–4.30 p.m., March 14–18.
                                                                         Delve into all aspects of the real estate development process
Summer 2011 REFI1-CE9685                                                 and gain a comprehensive understanding of the phases,
Monday–Friday, 9 a.m.–4.30 p.m., June 20–24.
                                                                         issues, and complexities that come into play in the develop-
Strengthen your knowledge of corporate finance and capital
                                                                         ment of real estate—from inception to disposition.
markets through an examination of how the public capital markets
value commercial real estate investments and firms and assess            Upon completion of the certificate program, students have
risk. This five-day intensive provides a comprehensive understand-       the ability to:
ing of value creation during the life cycle of a real estate firm with
a focus on the role investment banking plays in reallocating risk        > Identify the phases of real estate development.
and enhancing value. Gain hands-on knowledge of this process
through a mixture of conceptual frameworks, practical applications,
                                                                         > Apply market analysis and site selection techniques
and case studies. Topics include Initial Public Offerings (IPOs); pre-     to a project.
IPOs, the private marketplace; transitioning from private to public
                                                                         > Analyze the legal and regulatory environment of a project.
markets; rationale of capital structure and implications for value;
secondary equity offerings; corporate unsecured debt; the nuances        > Identify available entitlements and public-private
of leverage, including bond pricing and value at risk; mergers and         partnership opportunities.
acquisitions (M&A); and leveraged buy-outs (LBO).
                                                                         > Develop project development feasibility, budget, and
AREAS COVERED
                                                                           finance studies, and identify options.
> Pre-initial public offering (IPO)
> The private marketplace.                                               > Apply planning, design, and construction management
> IPO process                                                              techniques to projects.
> Transitioning from private to public markets.
> Rationale of capital structure and implications for value.             > Apply asset management techniques to budget and
> Secondary equity offerings.                                              operations.
> Corporate unsecured debt.
                                                                         This certificate is awarded to students who successfully
> The nuances of leverage, including bond pricing and
  value at risk.                                                         complete the following intensive courses: The Business
> Mergers and acquisitions (M&A) and leveraged buy-outs (LBO).           of Real Estate: Finance and Investment; Real Estate
                                                                         Development; and Real Estate Asset Management.
FACULTY
> Scott Robinson, visiting clinical assistant professor, NYU Schack      All certificate program course requirements must be com-
  Institute of Real Estate.                                              pleted with an overall average of “B” or above. Certificates will
> Manish Srivastava, adjunct assistant professor, NYU Schack
  Institute of Real Estate.                                              not be issued unless an Application for Certificate Candidacy
                                                                         is submitted. For details, see page 12. Requests for course
PROGRAM NOTES                                                            substitutions should be made to scps.realestate@nyu.edu.
This program counts as one course toward the Certificate in Real
Estate Finance and Investment. For information on certificate
requirements, please see Certificate Candidacy on page 12. Tuition
includes course materials and continental breakfast. For those
seeking a letter grade for this course, an exam is administered on
the final day of the class. Prerequisite: Real Estate Investment
Decision Analysis or equivalent experience.




4                                                                                                      scps.nyu.edu/schackintensives
REAL ESTATE DEVELOPMENT /$1,995                                        REAL ESTATE ASSET MANAGEMENT /$1,995
Spring 2011 X63.9660                                                   Summer 2011 REDV1-CE9670
Monday–Friday, 9 a.m.–4.30 p.m., Mar. 28–Apr. 1.                       Monday–Friday, 9 a.m.–4.30 p.m., July 25–29.
Summer 2011 REDV1-CE9660                                               Fall 2011 REDV1-CE9670
Monday–Friday, 9 a.m.–4.30 p.m., July 11–15.                           To be offered in Fall 2011 semester.
Fall 2011 REDV1-CE9660                                                 Examine the techniques for increasing the value of real estate assets
To be offered in Fall 2011 semester.                                   under management on behalf of ownership. Learn the components
Delve into all aspects of the real estate development process and      of asset management that directly affect the cash flow and underly-
gain a solid understanding of the procedures, issues, and complexi-    ing value of a single asset or a portfolio of assets. This one-week
ties that come into play in the development of real estate—from        intensive examines the decision-making process from the property,
inception to occupancy. Study the phases of real estate develop-       asset, and portfolio management perspectives.
ment and acquire essential knowledge and skills. Case studies are      AREAS COVERED
used throughout the program.
                                                                       > The roles of the property, asset, and portfolio manager.
AREAS COVERED                                                          > Understanding investor objectives and relations.
> Overview of the real estate development process.                     > Operating and capital budgets, and financial reporting.
> Legal concepts.                                                      > Commercial leases.
> Market analysis and project site selection.                          > Commercial real estate transactions.
> Feasibility study.                                                   > Acquisition and disposition within the framework of due diligence.
> Project hard and soft cost budget.                                   > Property operations and management.
> Structuring and raising equity, and the capital stack.               > Portfolio management, and risk and diversification strategy.
> Construction loan finance and the draw package.                      > Buy/hold/sell decision analysis.
> Construction considerations for the owner.                           > Negotiation concepts and strategies.
> Green building development.                                          FACULTY
> Vision, branding, and marketing strategy.
                                                                       > Philip Neuer, executive vice president and general counsel,
FACULTY                                                                  Safer Textile Group.
> Matthew Kasindorf, partner, Meister, Seelig & Fein LLP.              > David Rosenberg, senior partner, Rosenberg & Fortuna LLP.
> Navid Maqami, AIA, LEED AP, principal, GreenbergFarrow.              > Donald Sheets, principal, Square Mile Capital Management.
> Stephen P. Peca, Moody’s Analytics, Inc.                             PROGRAM NOTES
> Ciro R. Trotta, adjunct assistant professor, NYU Schack Institute
  of Real Estate.                                                      This program counts as one course toward the Certificate in Real
> Michael Zampetti, adjunct assistant professor, NYU Schack            Estate Development for students pursuing the accelerated certifi-
  Institute of Real Estate.                                            cate option. For information on certificate requirements, please see
                                                                       Certificate Candidacy on page 12. Tuition includes course materi-
PROGRAM NOTES                                                          als and continental breakfast. For those seeking a letter grade for
This program counts as one course toward the Certificate in Real       this course, an exam is administered on the final day of the class.
Estate Development for students pursuing the accelerated certifi-      Prerequisite: The Business of Real Estate: Finance and Investment
cate option. For information on certificate requirements, please see   or equivalent experience.
Certificate Candidacy on page 12. Tuition includes course materi-
als and continental breakfast. For those seeking a letter grade for
this course, an exam is administered on the final day of the class.
Prerequisite: The Business of Real Estate: Finance and Investment
or equivalent experience.




(212) 992-3336 • scps.realestate@nyu.edu                                                                                                  5
POST-CATASTROPHE RECONSTRUCTION /$1,995                                    CERTIFICATE IN GLOBAL REAL ESTATE
Summer 2011 REDV1-CE9661
Monday–Friday, 9 a.m.–4.30 p.m., May 16–20 (Washington, DC).
Examine the complexities of rebuilding after a natural disaster or         The Certificate in Global Real Estate is designed to provide
man-made catastrophic event through the lens of planning and con-          real estate professionals in both public and private sectors
struction professionals in global real estate development. Beginning       with an advanced level of understanding of international real
with an overview of the process and players involved in emergency
                                                                           estate to enable them to make informed real estate invest-
response situations—and a critical analysis of previous reconstruc-
tion efforts—compare and contrast the unique characteristics of            ment decisions. The courses in this certificate offer special
different types of disasters, including natural disasters versus terror-   focus on finance and investment tools, valuation, capital
ism, urban versus rural reconstruction, and projects in developing         markets, development, macroeconomics, market analysis,
versus developed nations. Explore issues surrounding immediate
                                                                           and portfolio and risk management.
rapid response, intermediate and long-term reconstruction, and
pre-event preparedness plans and development aimed at reducing             Upon completion of the program, students have attained
the chances of occurrence, and the effects, of these events. Gain          extensive knowledge of:
a comprehensive understanding of the various types of disaster;
response options; and how to use best practices to develop pre-            > International real estate markets.
paredness, emergency, transitional, and long-term response plans.
                                                                           > Global macroeconomic trends.
AREAS COVERED
                                                                           > Sources of capital for global real estate investments.
> Reconstruction within the larger framework of recovery.
> Regional variations in real estate and construction practice.            > Risk and portfolio concepts to global real estate investments.
> Disaster types.                                                          > Global real estate investment frameworks.
> Role of developers.
> Government and legal frameworks.                                         > Effects of currency exchange rates on investments.
> Cultural considerations.
> Infrastructure.                                                          > Income-producing property analysis.
> Urban/rural disasters.                                                   > Financial models and spreadsheets.
> Emergency, transition, and long-term phases.
> Environmental issues.                                                    > Effects of leverage on international investments.
> Economic development.
                                                                           > Global property rights.
> Community involvement.
                                                                           > Global tax regimes and their effects on investments.
FACULTY
> James P. Stuckey, FRICS, divisional dean, clinical professor, and        > Cultural differences and considerations.
  Klara and Larry Silverstein chair, NYU Schack Institute of Real          > Legal frameworks.
  Estate.
                                                                           > Local approaches to doing business in international locales.
PROGRAM NOTES
                                                                           This certificate is awarded to students who successfully
Tuition includes course materials and continental breakfast.
                                                                           complete the following intensive courses: Global Real Estate
                                                                           Finance and Investment; Global Real Estate Development;
                                                                           and Global Real Estate Markets.
                                                                           All certificate program course requirements must be completed
                                                                           with an overall average of “B” or above. Certificates will not be
                                                                           issued unless an Application for Certificate Candidacy is submit-
                                                                           ted. For details, see page 12. Requests for course substitutions
                                                                           should be made to scps.realestate@nyu.edu.




6                                                                                                      scps.nyu.edu/schackintensives
GLOBAL REAL ESTATE FINANCE                                              GLOBAL REAL ESTATE DEVELOPMENT /$1,995
AND INVESTMENT /$1,995                                                  Summer 2011 REFI1-CE9693
Summer 2011 REFI1-CE9689                                                Sec. 1: Monday–Friday, 9 a.m.–4.30 p.m., June 20–24 (in Prague).
Sec. 1: Monday–Friday, 9 a.m.–4.30 p.m., June 6–10 (in Prague).         Sec. 2: Monday–Friday, 9 a.m.–4.30 p.m., July 11–15.
Sec. 2: Monday–Friday, 9 a.m.–4.30 p.m., July 18–22.                    Examine the unique challenges associated with developing projects
Learn how to analyze the potential of global real estate investments    in international locations. Focus on the stages of the process, the
and development projects, and how they might meet investor objec-       procedural and analytical skills required, and the opportunities avail-
tives. Participants are introduced to advanced analytical techniques    able over various real estate sectors and regional markets. Attention
and are shown how to value an investment opportunity using an           is given to strategies and decision tools that balance social impact
optimal mix of financing with a minimization of risk. Practical ap-     and environmental sustainability while optimizing financial return
plications of real estate analysis techniques are used throughout the   potential.
program. By the conclusion of the course, a number of spreadsheets
will be available for immediate use to enable participants to make      AREAS COVERED
informed investment decisions.                                          > Overview of the real estate development process.
                                                                        > Feasibility and market analysis.
AREAS COVERED                                                           > Site selection and acquisition.
> Income statement creation and analysis.                               > Selection and management of the development team.
> Project financing: WACC, NPV, and IRR.                                > Organizational structure and international partnerships.
> Capitalization of real estate investments.                            > Planning, land use regulations, and development approvals.
> The effect of leverage.                                               > International comparative analysis of regulatory and legal issues.
> Valuation methods.                                                    > Sustainable design and site planning strategies.
> Introduction to the capital markets.                                  > Project finance, construction loans, and deal structure.
> Understanding the financier’s perspective.                            > Budgeting, scheduling, and construction management from the
                                                                          owner’s perspective.
FACULTY
> Scott Robinson, adjunct assistant professor, NYU Schack Institute     FACULTY
  of Real Estate.                                                       > James P. Stuckey, FRICS, divisional dean, clinical professor, and
                                                                          Klara and Larry Silverstein chair, NYU Schack Institute of Real
PROGRAM NOTES                                                             Estate.
This program counts as one course toward the Certificate in Global
Real Estate for students pursuing the certificate. For information on   PROGRAM NOTES
certificate requirements, please see Certificate Candidacy on page      This program counts as one course toward the Certificate in Global
12. Tuition includes course materials and continental breakfast. For    Real Estate for students pursuing the certificate. For information on
those seeking a letter grade for this course, an exam is administered   certificate requirements, please see Certificate Candidacy on page 12.
on the final day of the class. Prerequisite: The Business of Real       Tuition includes course materials and continental breakfast. For those
Estate: Finance and Investment or equivalent experience.                seeking a letter grade for this course, an exam is administered on the
                                                                        final day of the class. Prerequisite: Global Real Estate Finance and
                                                                        Investment or equivalent experience.




“Only in New York City could you find so many fabulous instructors who know so much and want to share their knowledge
 and experiences. The intensive course was terrific. The curriculum was on target and delivered the information we all were
 looking for. The key to the successful program was the instructors. All of them were great. Their lesson plans were a great
 mix of academic conceptual ideas, actual examples, and case studies. My time and money were well spent.
                                                                            — Jim Black, student, NYU Schack Institute of Real Estate




(212) 992-3336 • scps.realestate@nyu.edu                                                                                                       7
GLOBAL REAL ESTATE MARKETS /$1,995                                     CERTIFICATE IN SUSTAINABLE DESIGN,
Summer 2011 REFI1-CE9695                                               CONSTRUCTION, AND DEVELOPMENT
Sec. 1: Monday–Friday, 9 a.m.–4.30 p.m., June 13–17
(in Prague).
Sec. 2: Monday–Friday, 9 a.m.–4.30 p.m., July 25–29.
                                                                       Sustainable design and environmental performance have
Join distinguished, international guest speakers and faculty from      become driving forces in the building industry, and this cer-
New York University for a dynamic five-day intensive program of
study focusing on the global real estate markets of Europe, Asia,
                                                                       tificate provides an opportunity to add an area of expertise
the Middle East, and the Americas. Examine the process for             to your professional credentials or to make a career change.
international real estate transactions and investments, and the        This program of study for owners, property and facility man-
firms that operate in this environment with a special focus on four    agers, project managers, design professionals, contractors,
principal areas: the institutional framework at the property and
sovereign level, political considerations, currency markets, and
                                                                       attorneys, lenders, manufacturers, and others in the building
capital markets.                                                       industry covers topics ranging from site planning, design,
                                                                       construction, regulation, standards, legal issues, market-
AREAS COVERED
                                                                       ing, and building management to LEED requirements and
> Globalization and global real estate trends.
                                                                       standards.
> Risk and portfolio management.
> Real estate market analysis with practical regional overviews.       Upon completion of the program, students have attained
> Various components of country risk.                                  extensive knowledge of:
> Currency exchange rate risk and hedging.
> Cultural considerations.                                             > The core concepts of green building principles and
                                                                         strategies.
FACULTY
> Scott Robinson, adjunct assistant professor, NYU Schack              > High performance buildings.
  Institute of Real Estate.                                            > Environmentally responsible materials selection and
PROGRAM NOTES                                                            resource conservation.
This program counts as one course toward the Certificate in Global     > Energy-saving operational and maintenance practices.
Real Estate for students pursuing the certificate. For information
on certificate requirements, please see Certificate Candidacy          > Building performance testing, analysis, tracking and
on page 12. Tuition includes course materials and continental            commissioning.
breakfast. For those seeking a letter grade for this course, an exam
is administered on the final day of the class. Prerequisite: Global    > Sustainable development.
Real Estate Finance and Investment or equivalent experience.           This certificate is awarded to students who successfully
                                                                       complete the following intensive courses: Building the
                                                                       Sustainable Project: Design, Construction, and Develop-
                                                                       ment and Retrofitting Existing Buildings and Green
                                                                       Building Operations.
                                                                       All certificate program course requirements must be com-
                                                                       pleted with an overall average of “B” or above. Certificates will
                                                                       not be issued unless an Application for Certificate Candidacy
                                                                       is submitted. For details, see page 12. Requests for course
                                                                       substitutions should be made to scps.realestate@nyu.edu.




8                                                                                                    scps.nyu.edu/schackintensives
BUILDING THE SUSTAINABLE PROJECT: DESIGN,                               RETROFITTING EXISTING BUILDINGS AND
CONSTRUCTION, AND DEVELOPMENT /$1,995                                   GREEN BUILDING OPERATIONS /$1,995
Spring 2011 X63.9667                                                    Spring 2011 X63.9668
Monday–Friday, 9 a.m.–4.30 p.m., Apr. 25–29.                            Monday–Friday, 9 a.m.–4.30 p.m., May 2–6.
Examine in-depth all aspects of the development of a ground-up          This one-week intensive analyzes the market for retrofitting existing
green building project, including the evolution and economics of sus-   buildings and explores energy conservation versus energy efficiency,
tainable development; the project development team; the permitting      existing buildings and energy use, barriers and opportunities for
process; property valuation considerations; life-cycle cost analysis;   retrofitting existing buildings, certification programs and alternatives,
building, zoning, and energy codes; financing, including subsidies,     integrated design and project delivery, structural issues and evalua-
grants, and tax incentives; the certification process; the U.S. Green   tion considerations, zoning and legal issues, and more.
Building Council and the LEED Rating System; and marketing the
“green” project.                                                        AREAS COVERED
AREAS COVERED                                                           > Historic preservation and adaptive reuse.
> Brownfield redevelopment.                                             > Financing sources and cash flow analysis.
> Design issues, including site selection and layout.                   > Upfront costs and payback period analysis.
> Construction management, costs, and budgeting.                        > Split incentives and green leases.
> Recycled and renewable materials.                                     > Energy auditing and commissioning.
> Building mechanical systems.                                          > Energy benchmarking.
> Energy and water use reduction strategies.                            > Green operations and maintenance plans.
> Renewable energy systems and sources.                                 > Recycling programs and waste management.
> Indoor environmental quality.                                         > Sustainable purchasing.
> Prefabricated construction techniques.                                > Emerging technologies and occupant behavior.
> Green building certification programs.
                                                                        FACULTY
> Residential and commercial rating systems.
                                                                        > Constantine Kontokosta, director, Center for Sustainable Built
FACULTY                                                                   Environment; clinical associate professor, NYU Schack Institute of
> Constantine Kontokosta, director, Center for Sustainable Built          Real Estate.
  Environment; clinical associate professor, NYU Schack Institute of
                                                                        PROGRAM NOTES
  Real Estate.
                                                                        Tuition includes course materials and continental breakfast.
PROGRAM NOTES
Tuition includes course materials and continental breakfast.




       Center for the Sustainable Built Environment (SBE)
       The Center for the Sustainable Built Environment (SBE) at the NYU Schack Institute of Real Estate fills
       the critical need to improve decision making and sustainable practices in the real estate and construction
       industries. Through applied research, educational programs, events, and outreach, SBE seeks to bridge
       theory and practice while pushing the frontiers of both. Learn more at www.scps.nyu.edu/sbe.




(212) 992-3336 • scps.realestate@nyu.edu                                                                                                       9
 CERTIFICATE IN CONSTRUCTION                                     CONSTRUCTION METHODS, MATERIALS,
 PROJECT MANAGEMENT                                              AND DRAWINGS /$1,995
                                                                 Spring 2011 X63.9630
                                                                 Monday–Friday, 9 a.m.–4.30 p.m., Feb. 28–Mar. 4.
 Learn how to bring a construction project forward in a timely   Summer COPM1-CE9630
 and cost-effective manner. This highly popular credential is    Monday–Friday, 9 a.m.–4.30 p.m., June 6–10.
 recognized by the construction industry for its comprehen-      The ability to accurately read construction drawings and plans and
                                                                 to understand the construction practices associated with those
 siveness and relevance, as well as its role in professional-
                                                                 drawings is an essential skill for construction managers. This one-
 izing the industry.                                             week intensive begins with an examination of the materials, sys-
 Upon completion of the program, students have                   tems, and techniques used in commercial and high-rise residential
                                                                 building construction and concludes with a thorough examination
 mastered the following:                                         of construction plans and working drawings. Construction activities
 > Preconstruction services, as well as many political and       covered include site work; logistics, including cranes and hoists;
                                                                 foundations; concrete; steel; exterior wall and roof systems; eleva-
   professional aspects of the world of owners, designers,
                                                                 tors; and mechanical and electrical systems. In addition, topics
   tenants, regulatory agencies, community agencies, and         such as construction specifications and standards, building codes,
   contractors.                                                  constructibility, and life-cycle assessment are also discussed.
 > Bidding and award practices.                                  AREAS COVERED
 > Planning, scheduling, and control systems.                    > Soils, excavation, and foundations.
                                                                 > Steel frame construction.
 > Project delivery methods.                                     > Concrete construction.
 > Contracts, estimating, and quality assurance.                 > Building core and shell structural systems.
                                                                 > Roofing.
 > Safety, risk management, insurance, and bonding.              > Cladding.
                                                                 > Glass, metal, concrete, masonry, and EIFS systems.
 > Liens, claims and liability, and dispute resolution.          > Mechanical and electrical systems.
 This certificate is awarded to students who successfully        > Working drawings and specifications.
                                                                 > Floor plans, elevations, sections, details, and symbols.
 complete the following intensive courses: Construction
 Methods, Materials, and Drawings; Construction Project          FACULTY
 Management; and Construction Legal Issues and Risk              > Edward Gottko, PE, vice president, Hatch Mott MacDonald.
 Management.                                                     > Steven Giordano, Hunter Roberts.
                                                                 > Richard Lambeck, PE, principal, RL Project Management, Inc.;
 All certificate program course requirements must be complet-      clinical associate professor, NYU Schack Institute of Real Estate.
 ed with an overall average of “B” or above. Certificates will
                                                                 PROGRAM NOTES
 not be issued unless an Application for Certificate Candidacy
 is submitted. For details, see page 12. Requests for course     This program counts as one course toward the Certificate in Con-
                                                                 struction Project Management for students pursuing the acceler-
 substitutions should be made to scps.realestate@nyu.edu.        ated certificate option. For information on certificate requirements,
                                                                 please see Certificate Candidacy on page 12. Tuition includes
                                                                 course materials and continental breakfast. For those seeking a
                                                                 letter grade for this course, an exam is administered on the final
                                                                 day of the class.




10                                                                                           scps.nyu.edu/schackintensives
CONSTRUCTION PROJECT MANAGEMENT /$1,995                                   CONSTRUCTION LEGAL ISSUES
Spring 2011 X63.9650                                                      AND RISK MANAGEMENT /$1,995
Monday–Friday, 9 a.m.–4.30 p.m., Mar. 14–18.                              Summer 2011 COPM1-CE9651
Summer 2011 COPM1-CE9650                                                  Monday–Friday, 9 a.m.–4.30 p.m., June 20–24.
Monday–Friday, 9 a.m.–4.30 p.m., June 13–17.                              To succeed and grow professionally in today’s construction in-
The construction project manager’s role is increasingly critical in the   dustry, project stakeholders must have an understanding of the
dynamics of the building and construction industry. This intensive        risks inherent in construction projects and the differing objectives,
one-week program provides a solid foundation, focusing on the com-        responsibilities, and risk tolerances of each party and how these
plexities and techniques of effective construction project manage-        factors can affect project delivery, profitability, and the final product.
ment. By week’s end, students have a greater understanding of the         This one-week intensive provides insight into how project managers
industry and have acquired practical tools they can use immediately       can identify, evaluate, and mitigate the consequences of financial,
in their current positions.                                               operational, and managerial uncertainty with an understanding of
                                                                          the principles of risk management, contracts, cost management,
AREAS COVERED                                                             insurance and bonding, and site safety management.
> Overview of the construction industry.                                  AREAS COVERED
> Project teams and organizations.
> Project management techniques.                                          > Integrating risk management and project management.
> Construction management versus general contractor.                      > Project leadership.
> Bidding and contract award procedures.                                  > Special topics such as cost control methods and systems;
> Construction budgets.                                                     standard construction contracts, forms, and clauses; change
> Estimating.                                                               orders and claims; time and delay problems; liquidated damages,
> Construction planning and scheduling.                                     default, payment, and mechanics’ liens.
                                                                          > Substantial completion and final completion.
FACULTY                                                                   > Indemnification.
                                                                          > Dispute resolution: mediation, arbitration, and litigation.
> Randy Apfelbaum, senior project manager, Jones Lang LaSalle
  Americas, Inc.                                                          FACULTY
> Richard Lambeck, PE, principal, RL Management, Inc.; clinical
  associate professor, NYU Schack Institute of Real Estate.               > Stephen Bialkowski, general partner, McLellan & Bialkowski.
> Michael D. Ross, assistant vice president, Bovis Lend Lease             > Neal Eiseman, Esq., partner, Goetz, Fitzpatrick, Most & Bruckman.
  LMB, Inc.                                                               > Steven Giordano, Hunter Roberts.

PROGRAM NOTES                                                             PROGRAM NOTES

This program counts as one course toward the Certificate in Con-          This program counts as one course toward the Certificate in Con-
struction Project Management for students pursuing the accelerated        struction Project Management for students pursuing the accelerated
certificate option. For information on certificate requirements, please   certificate option. For information on certificate requirements, please
see Certificate Candidacy on page 12. Tuition includes course mate-       see Certificate Candidacy on page 12. Tuition includes course
rials and continental breakfast. For those seeking a letter grade for     materials and continental breakfast. For those seeking a letter grade
this course, an exam is administered on the final day of the class.       for this course, an exam is administered on the final day of the
Prerequisite: Construction Methods, Materials, and Drawings or            class. Prerequisite: Construction Project Management or equivalent
equivalent experience.                                                    experience.


                                                                          POST-CATASTROPHE RECONSTRUCTION
                                                                          (See page 6.)




(212) 992-3336 • scps.realestate@nyu.edu                                                                                                         11
GENERAL INFORMATION
REGISTRATION                                                                WITHDRAWALS AND REFUNDS
You may register directly for these professional development                Notice of withdrawal for continuing education courses must be
programs using any of the methods outlined below.                           made in writing or electronically to the NYU-SCPS Office of Noncredit
Registration and full payment must be sent to NYU according to              Student Services, 145 Fourth Avenue, Room 214, New York, NY 10003;
the following instructions. Confirmation of your registration will          online at scps.nyu.edu/drop; or by fax, (212) 995-3060. The continuing
be mailed to you. Please note that enrollment is limited for these          education refund schedule is as follows: 100 percent of the base rate
programs; early registration is advised to ensure your place.               for withdrawal before the first class day; 60 percent of the base rate for
                                                                            withdrawal before the start of the third day; after the start of the third
To register online: Visit scps.nyu.edu/registration. Credit card payment    day, no refund is granted. Fees and deposits are not refundable.
is required.
To register by mail: Return the Continuing Education Registration           FINANCIAL AID
Form, which can be downloaded at scps.nyu.edu/registration, with a
check or money order made payable to New York University for the full       There is no financial aid available for the NYU Schack Intensive
amount of the tuition and fees for the program(s) you plan to take, or      Programs. If you require financial assistance, contact your local bank
complete the credit card information on the form. Mailed registrations      for any private loans you may need. Private loan information is also
must be postmarked at least two weeks before the program start date.        available through the NYU Financial Aid Office at (212) 998–4444 or
                                                                            at nyu.edu/financial.aid.
To register by phone: Call (212) 998–7150. Have all of the information
requested on the Registration Form ready to give to the operator, as well
as complete credit card information.                                        CERTIFICATE CANDIDACY
To register by fax: Fax the completed Continuing Education Registra-        To receive an official certificate, students must declare their candidacy.
tion Form, which can be downloaded at scps.nyu.edu/registration, with       To apply for certificate candidacy, visit www.scps.nyu.edu/certificate.
complete credit card information to (212) 995–3060.                         There is a nonrefundable one-time $100 application fee.
                                                                            Students are welcome to take as many individual courses from a cer-
REGISTRATION DATES                                                          tificate program as they wish, but will not receive an official certificate
Summer 2011 registration begins March 14, 2011.                             or be eligible for the benefits detailed at scps.nyu.edu/certificate,
                                                                            unless they apply for candidacy. Undeclared students may request a
Fall 2011 registration begins July 5, 2011                                  transcript showing course completion and grades, but that transcript
                                                                            will not indicate certificate completion.
TUITION                                                                     All courses to be applied to a given certificate must be completed with
Continuing education tuition for Intensive Programs are shown through-      weight grades (A, B, or C). Courses taken at NYU-SCPS may be applied
out this brochure. These costs do not include transportation, housing,      to fulfilling the requirements of only one NYU-SCPS certificate program.
or meals, unless otherwise noted.                                           All certificate program course requirements must be completed with an
                                                                            overall average of “B” or above. To receive a certificate, students who
                                                                            declared candidacy must submit a request in writing or electronically
REGISTRATION FEES                                                           at scps.nyu.edu/certificate to the NYU-SCPS Registration Office within
The registration fee is $20, which is payable only once each semester,      one year of program completion.
no matter how many times you add courses. Registration fees are
nonrefundable.
                                                                            FOR MORE INFORMATION AND ADVISEMENT
                                                                            For the up–to–date information on all our Schack Intensive Programs,
CONTINUING EDUCATION                                                        call (212) 992-3336 or visit scps.nyu.edu/schackintensives.
REGISTRATION QUESTIONS?
Call: (212) 998-7150
E-mail: scpsinfo@nyu.edu                                                    INTERNATIONAL STUDENTS: VISA INFORMATION
                                                                            The NYU School of Continuing and Professional Studies does not have
                                                                            a student (F–1) visa requirement for enrollment in intensive programs.
                                                                            Most intensive programs do not qualify participants for a student (F–1)
                                                                            visa. Students who are required to obtain a nonimmigrant visa for entry
                                                                            into the United States must consider alternative options.
                                                                            Please visit scps.nyu.edu/international.faq to learn about the specific
                                                                            programs that are eligible for a visa or e-mail ali@nyu.edu.



12                                                                                                            scps.nyu.edu/schackintensives
                                                                                                  Diversity
                       Public/Private                     Global
                                    Technology                                                       Sustainability




                                                               Over 500 Industry Courses




Graduate and noncredit programs at the NYU Schack Institute of Real Estate address the needs of today’s globalized real estate and construc-
tion industries. Since its inception over 40 years ago, the Institute is one of the country’s leading centers of learning and the premier institution
in New York City serving the greater real estate and building industries. Programs are designed to accommodate students from a diverse range of
academic and professional backgrounds, and reflect the best practices and latest changes impacting real estate and construction management
professions, including development, finance, investment, capital markets, and law.

Located in the heart of New York City, a center of global finance, building, and development initiatives, programs introduce students to a global net-
work of real estate professionals—from faculty and alumni to classmates and guest lecturers—who have made impressive contributions to industry
innovations through significant field experience.

The NYU Schack Institute of Real Estate offers the following programs:
> Master’s degree programs in Real Estate,            > Professional Certificates in:
  Real Estate Development, and Construction             > Real Estate Finance and Investment          > Computer-Aided Design Using AutoCAD
  Management                                            > Real Estate Development                     > Building Information Modeling Using Revit
                                                        > Global Real Estate                          > Construction Project Management
> More than 500 noncredit courses annually
                                                        > Property Management                         > Construction Cost Estimating
> Annual Conferences in Capital Markets                 > Facility Management                         > Building Electrical Systems Design
  In Real Estate, Real Estate Mergers and               > Sustainable Design, Construction,           > HVAC Systems Design
  Acquisitions, and Sustainable Real Estate               and Development                             > Plumbing Systems Design




scps.nyu.edu/schackintensives
School of Continuing and Professional Studies
NYU Schack Institute of Real Estate
11 West 42nd Street, Room 509
New York, NY 11101




For more information, visit:
scps.nyu.edu/schackintensives

				
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