Real Estate Development + Design

Curriculum

Development Plan

arch daily: project by architect Marlies Rohmer

“UC Berkeley’s Masters of Real Estate Development and Design is just what the real estate and infrastructure industries need to re-train existing participants and put emerging industry leaders on the right track.” ​

Christopher B. Leinberger, Charles Bendit Distinguished Scholar and Research Professor of Urban Real Estate & Chair, Center for Real Estate and Urban Analysis, George Washington University

Overview

The MRED+D curriculum includes a set of ten (10) required courses and one (1) elective:

  • 5 Real Estate Development Seminars, including the development process, real estate finance, land-use law, public-private partnerships, and professional practice
  • 3 Design Seminars, including sustainable development, architecture and urbanism, resilient development and design
  • The Omnibus Studio, in which collaborative teams investigate a complex domestic or international development project
  • A Capstone Project, the program’s summative professional project
  • 1 Elective from the approved list

Required Courses

  • ARCH 209: Integrated Development, Architecture & Urbanism (3)
  • LD ARCH 2xx: Sustainable and Resilient Development & Design (3)
  • MRED+D 200: Principles of Sustainable Real Estate Development (3)
  • MRED+D 210: Introduction to Development Economics & Fundamentals (3)
  • MRED+D 220: Real Estate Development Finance (3) or MBA 280: Real Estate Investment and Market Analysis (3)
  • CY PLAN 252 Land Use Controls (3)
  • CY PLAN 238 Development & Design Studio (4) or MRED+D 250: Global Real Estate Development Studio (5)
  • MRED+D 230: Public-Private Partnerships, Strategies & Tools (3)
  • MRED+D 240: Professional Practice of Real Estate Development (3)
  • MRED+D 280: Capstone Project (2)

Sample Student Program

Below is a sample student program. Programs may vary according to minor changes in course offerings and scheduling over time. 

Summer:
  • ARCH 209: Integrated Development, Architecture & Urbanism (3)
  • MRED+D 200: Principles of Sustainable Real Estate Development (3)
  • MRED+D 210: Introduction to Development Economics & Fundamentals (3)
Fall:
  • MRED+D 210: Introduction to Development Economics & Fundamentals (3)
  • MRED+D 220: Real Estate Development Finance (3) or MBA 280: Real Estate Investment and Market Analysis (3)
  • MRED+D 230: Public-Private Partnerships, Strategies & Tools (3)
  • MRED+D 240: Professional Practice of Real Estate Development (3)
Spring:
  • CY PLAN 252: Land Use Controls (3)
  • CY PLAN 238: Development & Design Studio (4) or MRED+D 250: Global Real Estate Development Studio (5)
  • MRED+D 280: Capstone Project (2)
  • Elective (3-4)

It is important to understand that courses of study will be individually curated by the MRED+D Faculty Director, in order to account for student backgrounds and prior coursework. Prior coursework, for example, may allow students to increase the number of electives allowed.

All students are required to participate in a national Urban Land Institute Annual Fall Meeting, and to complete a capstone project. Capstone project topics are expected to vary in terms of product type, site/location, and focus, and may be linked to participation in a competition project such as the ULI Hines Urban Design and Development Student Competition. 

Course Descriptions

ARCH 209 Integrated Development, Architecture & Urbanism (3)

How development forces produce our streets, neighborhoods, towns, cities and regions, as well as our global slums and blighted urban landscapes. Focus on a critical understanding of development practices and their impact on urban form as well as the social, economic, cultural and environmental nature of cities. Topics explore real estate development through exploration of selected Case Studies. Invited presentations from development, design, and planning industry professionals.

CY PLAN 252 Land Use Controls (3)

An advanced course in implementation of land use and environmental controls. The theory, practice and impacts of zoning, growth management, land banking, development systems, and other techniques of land use control. Objective is to acquaint student with a range of regulatory techniques and the legal, administrative-political equity aspects of their implementation.

CY PLAN 238 Development & Design Studio (4)

Studio focused on development analysis and project design for specific community clients. Emphasis on site planning and development, financial feasibility and funding sources, design strategies, public policy and community considerations. Collaborative team work with architecture graduate students, regular project critiques, and presentations to clients, real estate professionals, public officials, and nonprofit community organizations. Travel to study extraordinary projects and an in-studio team competition with prize.

LD ARCH 2xx Sustainable and Resilient Development & Design (3)

Methods for increasing urban sustainability and resilience through decentralized infrastructure design and appropriate development site design. Focus on urban runoff, flooding, water quality, and ecology. Comparative frameworks for urban infrastructure systems analysis, estimating rough project costs, quantitative skills in site and street design, and key international design adaptations for flooding and sea level rise.

MBA 280: Real Estate Investment and Market Analysis (3)

Intensive review of literature in the theory of land use, urban growth and real estate market behavior; property rights and valuation; residential and nonresidential markets; construction; debt and equity financing; public controls and policies.

MRED+D 200: Principles of Sustainable Real Estate Development (3)

Needs and challenges of developing sustainable urban communities through multi-disciplinary real estate development approaches, ranging from smart growth, urban infill and healthy city policies, to green building practices and a spectrum of LEED building and neighborhood development strategies. The metropolitan region’s role in managing large resource and infrastructure challenges related to energy consumption, water, transportation, service provision and climate change adaptation.

MRED+D 210: Introduction to Development Economics and Fundamentals (3)

Fundamentals of real estate development finance and economics. Factors in national, regional and local real estate markets that determine development needs and opportunities.  Market factors, demographic trends, regulatory issues, affordable housing and social responsibility, as well as capital and real estate market cycles, supply/demand, and highest and best use analysis. Financial analysis, from financial feasibility and predevelopment analysis and site selection to lease-up or sales of the final product, factoring in the role of design in financial performance.

MRED+D 220: Real Estate Development Finance (3)

Fundamentals of real estate development finance. Financial analysis skills and analytical tools for evaluating private and public development and investment in real estate, over all product types. Site selection, market analysis, financial feasibility, design and legal considerations, construction, lease-up, operations, and property sales. Decision-making scenarios to evaluate and assess development concepts and project viability. Funding sources for market rate and affordable development.

MRED+D 230: Public-Private Partnerships, Strategies, and Tools (3)

Case studies from projects across the nation, including affordable housing, economic development projects and transit oriented development projects. Focus on planning interventions and real estate deals with a public purpose. Tools, strategies and partnerships used to implement such projects as well as development financing such as ground leases with public agencies, tax increment funding, tax abatements, and other funding sources. Skills and knowledge to manage the complex and often competing agendas of parties involved in public-private partnerships in real estate development.

MRED+D 240: Professional Practice of Real Estate Development (3) 

Fundamental practices in private, public, and non-profit real estate development. Perspectives of project managers, investment specialists, bankers and lawyers, architects, planners, contractors and property managers representing companies from around the Bay Area following the life cycle/sequence of a real estate project. Approaches to understanding and incorporating community perspectives. Familiarity with professional work products, contracts, schedules and documents handled or produced by practitioners on a daily basis as course materials.

MRED+D 250: Global Real Estate Development Studio (5)

Student teams undertake a development-design project proposed by an overseas real estate industry, academic, government or NGO partner/sponsor using a real site or project. Supported through guest lectures by development and design experts and case studies, examination of real estate development issues in complex urban contexts in the Global South ranging from informal settlements to critical development imperatives in mega cities. Studio topics may address informal settlement patterns, social and physical infrastructure provision, real estate development in a mega-city, designing for climate change, and post-disaster redevelopment. Overseas field study travel.

MRED+D 280: Capstone Project (2)

Individual or small group project involving research and analysis of a significant real estate project or development challenge. Supervised by committee of faculty with support from development professionals. 

Electives

Elective courses are listed below. Descriptions can be found in the UC Berkeley Course Guide. In addition, students may petition to take electives not included on this list. 

Housing & Urban Land Use
  • CY Plan 213: Transportation and Land Use Planning (3)
  • CY Plan 230: US Housing Planning and Policy (3)
  • CY Plan 207: Land and Housing Market Economics (3)
The Development Process
  • LD Arch 242: Citizen Involvement in the City Planning Process (3)
  • LD Arch 140: Social and Psychological Factors in Open Space Design (3)
  • CY Plan 235: Methods of Project Analysis (3)
Sustainable Design & Construction
  • ARCH 260: Introduction to Construction (3)
  • ARCH 242: Sustainability Colloquium (1-2)
  • ARCH 243: Natural Cooling: Sustainable Design for a Warming Climate (3)*
  • LD C250: Theories of Urban Form and Design (3)
Real Estate in Developing Markets
  • CY Plan 231: Housing in Developing Countries (3)
  • CY Plan 219: Comparative International Topics in Transportation (3)
Finance & Investment
  • MBA 280: Real Estate Investment and Market Analysis (3)
  • MBA 284: Real Estate Investment Strategy (3)
Real Estate Development & Law
  • LAW 257: Land Development and Investment: The Art of the Deal (3)
  • LAW 226: Local Government Law (3)
  • LAW 257: Real Estate Transactions and Litigation (3)
  • LAW 271.2: Biodiversity Law (3)
  • ARCH 208: Introduction to Construction Law (3)
  • CY Plan 207: Introduction to Planning & Environmental Law (3)

*Prerequisite may apply