1.01, 1.02 introduction to real estate project management 1reddvise
The document discusses key aspects of real estate project management in India. It provides examples of three successful real estate companies - Oberoi Realty, Sobha Developers, and Ashiana Housing - and their strategies. Oberoi Realty focuses on high-end projects and outsources work to international consultants. Sobha Developers focuses on residential and corporate projects in South India and has in-house construction capabilities. Ashiana Housing focuses on middle-income housing and retirement communities in tier 2/3 cities and maintains a low-debt business model. Consistent project execution in line with corporate strategy is identified as a key factor for real estate company success.
Perception and Expectation of customer in real estate (ghaziabad,UP)Shubham Aggarwal
India is an over populated country and day by day population is increasing rapidly which created the housing problem. Land prices skyrocketed. Due to high price, insufficiency of land, high cost of land registration, and high price of building materials, people are now not interested to buy a land for building their own house. That’s why they turn to real estate companies who are providing flats or apartments. In response, real estate business has enjoyed a boom over the years. In all over the India, there are now companies growing up like Ansal , wave etc. these companies also spreading throughout other divisional and district towns. There are some secondary literature based articles like real estate financing by Sarkereal. (2011). But there is little research, specifically primary data based one, - what customers are looking for, why they are choosing particular apartment, particular company and for what factors.
Management of working capital and expense analysis pam pac machines pvt. ltd....9038260540
Mr. S.R. Shende
2. Production
General Manager - Mr. Manoj Jain
Production Manager - Mr. N.R. Desai
Production Engineer
3. Purchase
Purchase Manager - Mr. M.L. Aphale
4. Finance & Accounts
Finance Manager - Mr. R.R. Raut
Accountant
5. Marketing
Marketing Manager - Mr. Nilesh
Marketing Executive
6. Service
Service Manager - Mr. Sanjay
Service Engineer
7. Stores
Store Incharge - Mr. Anil
8. HR & Admin
HR & Admin Manager
The document discusses different modes of promotion used by small real estate agents and builders in India and the effect of internet advertisement on them. It finds that small agents commonly use banners, pamphlets and newspaper advertisements, while builders also use television. Internet advertising is growing and most large builders rely heavily on it, though small agents still prefer traditional methods. The document conducts a survey that finds many agents are open to internet advertising as it is cost-effective, but some small agents without computer knowledge are more challenging to reach through online promotions.
The document is a research proposal submitted by Tarun Thakur for a Master's degree program. The proposal examines factors that influence investors' perceptions of real estate investments. It includes certificates from internal and external examiners approving the research. The student declares the work is authentic and acknowledges the support and guidance of faculty. The proposal will study real estate investment factors through a literature review, research methodology, data analysis and interpretation.
Mba finance project_sharpes_single_index_model_project_report_final_Salim Palayi
This chapter provides an overview of the stock market industry and stock exchanges in India. It discusses that a stock market, also known as the equity market or share market, is a market for shares issued by public companies. Stock exchanges provide a platform for buyers and sellers to trade in stocks and securities. Some key points discussed include:
- A brief history of stock markets dating back to 12th century France and the role of stock exchanges.
- The primary and secondary markets that make up the capital market. The secondary market is also known as the stock market.
- The purpose of a stock exchange is to facilitate trading of securities between buyers and sellers and provide price discovery. It also allows companies to raise capital and
Dear Students
We can help you to write total dissertation/project report.
Our 9 step method of project writing:-
Step 1) Helping you in Selection of topic.
Step 2) Group discussion / conference call with in team of professors.
Step 3) Helping you in Preparation of Synopsis/ proposal & sent to project guide
1.01, 1.02 introduction to real estate project management 1reddvise
The document discusses key aspects of real estate project management in India. It provides examples of three successful real estate companies - Oberoi Realty, Sobha Developers, and Ashiana Housing - and their strategies. Oberoi Realty focuses on high-end projects and outsources work to international consultants. Sobha Developers focuses on residential and corporate projects in South India and has in-house construction capabilities. Ashiana Housing focuses on middle-income housing and retirement communities in tier 2/3 cities and maintains a low-debt business model. Consistent project execution in line with corporate strategy is identified as a key factor for real estate company success.
Perception and Expectation of customer in real estate (ghaziabad,UP)Shubham Aggarwal
India is an over populated country and day by day population is increasing rapidly which created the housing problem. Land prices skyrocketed. Due to high price, insufficiency of land, high cost of land registration, and high price of building materials, people are now not interested to buy a land for building their own house. That’s why they turn to real estate companies who are providing flats or apartments. In response, real estate business has enjoyed a boom over the years. In all over the India, there are now companies growing up like Ansal , wave etc. these companies also spreading throughout other divisional and district towns. There are some secondary literature based articles like real estate financing by Sarkereal. (2011). But there is little research, specifically primary data based one, - what customers are looking for, why they are choosing particular apartment, particular company and for what factors.
Management of working capital and expense analysis pam pac machines pvt. ltd....9038260540
Mr. S.R. Shende
2. Production
General Manager - Mr. Manoj Jain
Production Manager - Mr. N.R. Desai
Production Engineer
3. Purchase
Purchase Manager - Mr. M.L. Aphale
4. Finance & Accounts
Finance Manager - Mr. R.R. Raut
Accountant
5. Marketing
Marketing Manager - Mr. Nilesh
Marketing Executive
6. Service
Service Manager - Mr. Sanjay
Service Engineer
7. Stores
Store Incharge - Mr. Anil
8. HR & Admin
HR & Admin Manager
The document discusses different modes of promotion used by small real estate agents and builders in India and the effect of internet advertisement on them. It finds that small agents commonly use banners, pamphlets and newspaper advertisements, while builders also use television. Internet advertising is growing and most large builders rely heavily on it, though small agents still prefer traditional methods. The document conducts a survey that finds many agents are open to internet advertising as it is cost-effective, but some small agents without computer knowledge are more challenging to reach through online promotions.
The document is a research proposal submitted by Tarun Thakur for a Master's degree program. The proposal examines factors that influence investors' perceptions of real estate investments. It includes certificates from internal and external examiners approving the research. The student declares the work is authentic and acknowledges the support and guidance of faculty. The proposal will study real estate investment factors through a literature review, research methodology, data analysis and interpretation.
Mba finance project_sharpes_single_index_model_project_report_final_Salim Palayi
This chapter provides an overview of the stock market industry and stock exchanges in India. It discusses that a stock market, also known as the equity market or share market, is a market for shares issued by public companies. Stock exchanges provide a platform for buyers and sellers to trade in stocks and securities. Some key points discussed include:
- A brief history of stock markets dating back to 12th century France and the role of stock exchanges.
- The primary and secondary markets that make up the capital market. The secondary market is also known as the stock market.
- The purpose of a stock exchange is to facilitate trading of securities between buyers and sellers and provide price discovery. It also allows companies to raise capital and
Dear Students
We can help you to write total dissertation/project report.
Our 9 step method of project writing:-
Step 1) Helping you in Selection of topic.
Step 2) Group discussion / conference call with in team of professors.
Step 3) Helping you in Preparation of Synopsis/ proposal & sent to project guide
Customer satisfaction towards services provided by hih realtyPratima Patil
The document provides an overview of India's real estate sector and a company project report on customer satisfaction towards services provided by HIH Realty. It discusses the size and growth of India's real estate market. It also provides background on the company and outlines the objectives, scope, methodology, data analysis, findings, limitations, conclusions and recommendations of the study on customer satisfaction with HIH Realty's services.
This document provides a research paper analyzing the growth, IPO performance, and strategies of major Indian real estate companies. It examines 6 publicly listed real estate developers over a 5-year period. The paper finds that during the 2002-2007 boom, real estate companies valued themselves based on optimistic future cash flow projections. However, after the global financial crisis, their share prices fell dramatically and were unable to reach IPO levels. The paper argues that long-term, sustainable performance is needed to justify high valuations. It also calls for stronger regulation of the Indian real estate industry to provide transparency and protect buyers/investors.
Management of working capital and expense analysisSupa Buoy
This document provides an overview of Pam Pac Machines Pvt. Ltd., a joint venture company between Associated Capsules Group and IWK Verpackungstechnik that manufactures packaging machinery for the pharmaceutical and FMCG industries. It discusses Pam Pac's product lines of blister packaging machines and cartooning machines. It also outlines the company's mission, parent company Associated Capsules Group, organizational structure, and key departments like quality assurance, stores, vendor development, and electronics and maintenance.
This presentation was a part of my MBA capstone project. The project was a comprehensive marketing plan for the M.J. Bowen Real Estate Development Program at Central Michigan University. The goal of the marketing plan was to assist the program in becoming a destination program for high school students.
Every organization needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets/working capital in most of the undertakings. Thus, it is very essential to have proper control and management of inventories. The purpose of inventory management is to ensure availability of materials in sufficient quantity as and when required and also to minimize investment in inventories. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Because of the large size of the inventories maintained by firms, a considerable amount of funds is required to be committed to them.
It is therefore absolutely imperative to manage inventories efficiently and effectively in order to avoid unnecessary investments. A firm neglecting the management of inventories will be jeopardizing its long run profitability and may fail ultimately. The reduction in excessive inventories carries a favorable impact on the company’s profitability.
The study starts with an introduction to inventory management, Company’s profile, Achievements and also the need for study, review of literature and objectives are set out for the study. Research methodology, Data analysis & Interpretation, Findings and Suggestions of the study follow.
One of the main areas of the project is the analysis part, where the data are analyzed & interpreted, to find out how the inventories were managed. Some of the tools used in inventory are regarding to:
Economic Order Quantity
Safety Stock
FSN Analysis
Trend Analysis and
Inventory Turnover Ratio.
This document provides an overview of the cement industry in India and the manufacturing process. It discusses that India is the 2nd largest cement producer globally. It also outlines the key raw materials, production processes (wet vs. dry), types of cement produced, and basic chemical reactions involved. The performance of Malabar Cements, a state-owned cement company in Kerala, is impacted by industry trends like consolidation and rising costs.
The document provides 5 steps to help brands stand out: 1) Have a mission that makes a statement about humanity. 2) Tell a remarkable story that elicits emotions. 3) Create an effective business card that stands out visually and includes a call to action. 4) Develop unique trademarks and language styles. 5) Always look for ways to improve and "plus" your work. The overarching message is to create in the most unique way possible.
The document criticizes the overuse and misuse of PowerPoint presentations. It notes that PowerPoint was created in 1990 but presenters are still improperly using it 22 years later by overstuffing slides with too much text and information instead of using it to tell stories. The document recommends using images, telling interesting stories, preparing early, getting better training, and stopping the practice of overstuffing slides to create more effective presentations.
Communication is a universal human trait, yet it is also one of the most poorly cultivated traits. The single biggest problem in communication is the illusion that it has taken place. We can cultivate great communication by understanding that it is always "high stakes" and by focusing on the audience, preparing and practicing presentations, empathizing with the audience, and continuously growing communication skills through reading, subscribing to blogs, and following experts.
The document provides five design principles for creating slides that effectively communicate messages to audiences:
1. Focus on the main message you want the audience to remember.
2. Keep designs simple with less text and only 1 main point per slide.
3. Use interesting fonts instead of boring standard ones to engage audiences.
4. Include high quality images that visually represent the message.
5. Choose a color scheme that fits the theme and works cohesively.
The document discusses the benefits of exercise for both physical and mental health. It notes that regular exercise can reduce the risk of diseases like heart disease and diabetes, improve mood, and reduce feelings of stress and anxiety. The document recommends that adults get at least 150 minutes of moderate exercise or 75 minutes of vigorous exercise per week to gain these benefits.
GAME ON! Integrating Games and Simulations in the Classroom Brian Housand
Brian Housand, Ph.D.
brianhousand.com
@brianhousand
GAME ON! Integrating Games and Simulations in the Classroom
It is estimated that by the time that today’s youth enters adulthood that they will have played an average of 10,000 hours of video games. By playing games, research suggests that they have developed abilities related to creativity, collaboration, and critical thinking. Come explore the history of games and simulations in the classroom and investigate ways that current games and simulations in digital and non-digital formats can be meaningfully and purposefully integrated into your learning environment.
Niagara falls construction project asli terkunciTopanArdiansyah1
- Rikert applied for a building permit to construct a detached garage but was told he needed to apply for a minor zoning variance, adding 7-10 weeks to the project timeline. This delay threatened his ability to complete the project on time.
- Rikert took the next two days to review the project and determine if it was still feasible given the additional time required.
- The project involved building a detached double garage for the new owner of his home as part of the sale agreement. Rikert needed to complete the garage construction within the 18 week timeline before title transfer.
This document describes Jade Signature, a luxury condominium tower being developed in Sunny Isles Beach, Florida. The 57-story tower was designed by renowned architecture firm Herzog & de Meuron and will feature 192 units ranging from 1,400 to 10,000 square feet. The development will have high-end amenities and be situated on the beach with panoramic ocean and intracoastal views. The developer, Fortune International, has collaborated with top firms including Herzog & de Meuron, interior designer PYR, and landscape architect Raymond Jungles to create a one-of-a-kind property.
The Province of Ontario is seeking proposals to revitalize the West Island at Ontario Place through a long-term lease agreement with a partner. Located on the waterfront in Toronto, the West Island is envisioned as an anchor destination focused on culture, discovery and innovation that attracts visitors year-round. Interested parties are invited to submit concepts that align with the Province's vision and provide an engaging use or cluster of uses for the iconic 15-acre West Island site.
The San Francisco office market saw increased leasing activity in the third quarter of 2013 driven by demand from the technology sector. Major lease transactions included Uber Technologies leasing 88,135 square feet at 1455 Market Street and Google leasing 50,218 square feet at 345 Spear Street. Meanwhile, investment in the office market slowed in the third quarter with only a few small sales transactions totaling $13.3 million. However, several large office buildings were put up for sale, which could provide investment opportunities. The technology industry continues to be the primary driver of the San Francisco office market.
Ward 5 Industrial Land Transformation StudyTessa Edison
In August 2014, the Mayor and Task Force released Ward 5 Works, a strategy to transform 1,000 acres of industrial land in Ward 5 into a hub of green, food, tech and creative businesses that creates jobs, community amenities and better environmental performance for District residents.
Toronto office market report 2015 q2_v3Chris Fyvie
This document provides a quarterly market report on office space in the Greater Toronto Area for Q2 2015. It finds that vacancy rates continued to decline in the downtown core, reaching 2.6%, with demand strongest for newly constructed buildings. Office investment activity has slowed compared to past years. The financial services sector is leading demand, particularly in the downtown and western suburbs. Midtown vacancy rates also declined this quarter due to a lack of new supply and increasing residential development nearby.
The document discusses the challenges of building rental apartment complexes on Long Island. It describes the lengthy approval process faced by AvalonBay Communities, a large developer, in their attempts to build apartments across different Long Island communities. The approval process can take two years or more and involves navigating public hearings, environmental reviews, and uncertainty due to local resistance. In contrast, the approval process in nearby cities like Brooklyn and White Plains takes much less time. The challenges stem from cultural resistance to apartments on Long Island as well as the many overlapping regulatory bodies that must approve each project.
This document summarizes several real estate development projects and opportunities in Virginia Beach, Virginia. It discusses the Rudee Loop and Dome Site projects, the 19th Street Corridor plan, and provides details on available commercial properties. RealTour Realty offers brokerage, marketing, and other services to assist with development projects in the area.
Customer satisfaction towards services provided by hih realtyPratima Patil
The document provides an overview of India's real estate sector and a company project report on customer satisfaction towards services provided by HIH Realty. It discusses the size and growth of India's real estate market. It also provides background on the company and outlines the objectives, scope, methodology, data analysis, findings, limitations, conclusions and recommendations of the study on customer satisfaction with HIH Realty's services.
This document provides a research paper analyzing the growth, IPO performance, and strategies of major Indian real estate companies. It examines 6 publicly listed real estate developers over a 5-year period. The paper finds that during the 2002-2007 boom, real estate companies valued themselves based on optimistic future cash flow projections. However, after the global financial crisis, their share prices fell dramatically and were unable to reach IPO levels. The paper argues that long-term, sustainable performance is needed to justify high valuations. It also calls for stronger regulation of the Indian real estate industry to provide transparency and protect buyers/investors.
Management of working capital and expense analysisSupa Buoy
This document provides an overview of Pam Pac Machines Pvt. Ltd., a joint venture company between Associated Capsules Group and IWK Verpackungstechnik that manufactures packaging machinery for the pharmaceutical and FMCG industries. It discusses Pam Pac's product lines of blister packaging machines and cartooning machines. It also outlines the company's mission, parent company Associated Capsules Group, organizational structure, and key departments like quality assurance, stores, vendor development, and electronics and maintenance.
This presentation was a part of my MBA capstone project. The project was a comprehensive marketing plan for the M.J. Bowen Real Estate Development Program at Central Michigan University. The goal of the marketing plan was to assist the program in becoming a destination program for high school students.
Every organization needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets/working capital in most of the undertakings. Thus, it is very essential to have proper control and management of inventories. The purpose of inventory management is to ensure availability of materials in sufficient quantity as and when required and also to minimize investment in inventories. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Because of the large size of the inventories maintained by firms, a considerable amount of funds is required to be committed to them.
It is therefore absolutely imperative to manage inventories efficiently and effectively in order to avoid unnecessary investments. A firm neglecting the management of inventories will be jeopardizing its long run profitability and may fail ultimately. The reduction in excessive inventories carries a favorable impact on the company’s profitability.
The study starts with an introduction to inventory management, Company’s profile, Achievements and also the need for study, review of literature and objectives are set out for the study. Research methodology, Data analysis & Interpretation, Findings and Suggestions of the study follow.
One of the main areas of the project is the analysis part, where the data are analyzed & interpreted, to find out how the inventories were managed. Some of the tools used in inventory are regarding to:
Economic Order Quantity
Safety Stock
FSN Analysis
Trend Analysis and
Inventory Turnover Ratio.
This document provides an overview of the cement industry in India and the manufacturing process. It discusses that India is the 2nd largest cement producer globally. It also outlines the key raw materials, production processes (wet vs. dry), types of cement produced, and basic chemical reactions involved. The performance of Malabar Cements, a state-owned cement company in Kerala, is impacted by industry trends like consolidation and rising costs.
The document provides 5 steps to help brands stand out: 1) Have a mission that makes a statement about humanity. 2) Tell a remarkable story that elicits emotions. 3) Create an effective business card that stands out visually and includes a call to action. 4) Develop unique trademarks and language styles. 5) Always look for ways to improve and "plus" your work. The overarching message is to create in the most unique way possible.
The document criticizes the overuse and misuse of PowerPoint presentations. It notes that PowerPoint was created in 1990 but presenters are still improperly using it 22 years later by overstuffing slides with too much text and information instead of using it to tell stories. The document recommends using images, telling interesting stories, preparing early, getting better training, and stopping the practice of overstuffing slides to create more effective presentations.
Communication is a universal human trait, yet it is also one of the most poorly cultivated traits. The single biggest problem in communication is the illusion that it has taken place. We can cultivate great communication by understanding that it is always "high stakes" and by focusing on the audience, preparing and practicing presentations, empathizing with the audience, and continuously growing communication skills through reading, subscribing to blogs, and following experts.
The document provides five design principles for creating slides that effectively communicate messages to audiences:
1. Focus on the main message you want the audience to remember.
2. Keep designs simple with less text and only 1 main point per slide.
3. Use interesting fonts instead of boring standard ones to engage audiences.
4. Include high quality images that visually represent the message.
5. Choose a color scheme that fits the theme and works cohesively.
The document discusses the benefits of exercise for both physical and mental health. It notes that regular exercise can reduce the risk of diseases like heart disease and diabetes, improve mood, and reduce feelings of stress and anxiety. The document recommends that adults get at least 150 minutes of moderate exercise or 75 minutes of vigorous exercise per week to gain these benefits.
GAME ON! Integrating Games and Simulations in the Classroom Brian Housand
Brian Housand, Ph.D.
brianhousand.com
@brianhousand
GAME ON! Integrating Games and Simulations in the Classroom
It is estimated that by the time that today’s youth enters adulthood that they will have played an average of 10,000 hours of video games. By playing games, research suggests that they have developed abilities related to creativity, collaboration, and critical thinking. Come explore the history of games and simulations in the classroom and investigate ways that current games and simulations in digital and non-digital formats can be meaningfully and purposefully integrated into your learning environment.
Niagara falls construction project asli terkunciTopanArdiansyah1
- Rikert applied for a building permit to construct a detached garage but was told he needed to apply for a minor zoning variance, adding 7-10 weeks to the project timeline. This delay threatened his ability to complete the project on time.
- Rikert took the next two days to review the project and determine if it was still feasible given the additional time required.
- The project involved building a detached double garage for the new owner of his home as part of the sale agreement. Rikert needed to complete the garage construction within the 18 week timeline before title transfer.
This document describes Jade Signature, a luxury condominium tower being developed in Sunny Isles Beach, Florida. The 57-story tower was designed by renowned architecture firm Herzog & de Meuron and will feature 192 units ranging from 1,400 to 10,000 square feet. The development will have high-end amenities and be situated on the beach with panoramic ocean and intracoastal views. The developer, Fortune International, has collaborated with top firms including Herzog & de Meuron, interior designer PYR, and landscape architect Raymond Jungles to create a one-of-a-kind property.
The Province of Ontario is seeking proposals to revitalize the West Island at Ontario Place through a long-term lease agreement with a partner. Located on the waterfront in Toronto, the West Island is envisioned as an anchor destination focused on culture, discovery and innovation that attracts visitors year-round. Interested parties are invited to submit concepts that align with the Province's vision and provide an engaging use or cluster of uses for the iconic 15-acre West Island site.
The San Francisco office market saw increased leasing activity in the third quarter of 2013 driven by demand from the technology sector. Major lease transactions included Uber Technologies leasing 88,135 square feet at 1455 Market Street and Google leasing 50,218 square feet at 345 Spear Street. Meanwhile, investment in the office market slowed in the third quarter with only a few small sales transactions totaling $13.3 million. However, several large office buildings were put up for sale, which could provide investment opportunities. The technology industry continues to be the primary driver of the San Francisco office market.
Ward 5 Industrial Land Transformation StudyTessa Edison
In August 2014, the Mayor and Task Force released Ward 5 Works, a strategy to transform 1,000 acres of industrial land in Ward 5 into a hub of green, food, tech and creative businesses that creates jobs, community amenities and better environmental performance for District residents.
Toronto office market report 2015 q2_v3Chris Fyvie
This document provides a quarterly market report on office space in the Greater Toronto Area for Q2 2015. It finds that vacancy rates continued to decline in the downtown core, reaching 2.6%, with demand strongest for newly constructed buildings. Office investment activity has slowed compared to past years. The financial services sector is leading demand, particularly in the downtown and western suburbs. Midtown vacancy rates also declined this quarter due to a lack of new supply and increasing residential development nearby.
The document discusses the challenges of building rental apartment complexes on Long Island. It describes the lengthy approval process faced by AvalonBay Communities, a large developer, in their attempts to build apartments across different Long Island communities. The approval process can take two years or more and involves navigating public hearings, environmental reviews, and uncertainty due to local resistance. In contrast, the approval process in nearby cities like Brooklyn and White Plains takes much less time. The challenges stem from cultural resistance to apartments on Long Island as well as the many overlapping regulatory bodies that must approve each project.
This document summarizes several real estate development projects and opportunities in Virginia Beach, Virginia. It discusses the Rudee Loop and Dome Site projects, the 19th Street Corridor plan, and provides details on available commercial properties. RealTour Realty offers brokerage, marketing, and other services to assist with development projects in the area.
World Trade Center Noida -Commercial Office Space Noida ,12% Assured Return On Investment
Call 918826231688
http://www.newpropertyjunction.com/world-trade-center-noida
Sidewalk Labs, the part of Alphabet focused on cities and urban development, has unveiled its Master Innovation and Development Plan (MIDP) for a proposed smart neighbourhood on Toronto's Eastern Waterfront. The document, even in draft form, solidifies the company's thinking. It also gives Toronto residents the first clear picture yet of what a smart neighbourhood spearheaded by Google's sister company might look like. Below, the team has summarized the key takeaways from the document.
Engineered Wood Issue 17 - Cover Story - “Making Downtowns More Dynamic,” and check out our list on page 13 for “The Infill Honor Roll” ranking the places excelling at infill development. From cities of 250,000+ to towns with less than 25,000 people, infill development is popping up all around us. - Online at http://lpcorp.com/community/engineered-wood-magazine/
Excerpts from the CNU charter and interview with Darin Dinsmore about Infillscore and implementing SMART infill and community revitalization.
The H3 Condominium is located in the heart of downtown Hollywood, in close proximity to Hollywood Circle and all its restaurants, wine bars and boutiques. H3 is a modern and artful residential tower with 247 luxury residences which are a reflection of the vibrant surroundings within the neighborhood.
The new center of gravity in Hollywood, Florida. A residential nexus where work and play interact and life is more in balance. Here, the mix is the message, with the high-energy boutiques, restaurants, wine bars and clubs around Young Circle mingling effortlessly with a laid-back beach lifestyle. It's the best of both worlds in the heart of the city.
This document summarizes a redevelopment opportunity in the Parramore neighborhood of Orlando that will involve combining three city- and CRA-owned properties totaling 6.06 acres into a single development. A selection process will be conducted to choose a developer to design and build a mixed-income development with affordable, supportive, and market-rate housing units along with community amenities. The project aims to create quality affordable housing, increase permanent supportive housing for the homeless, and stimulate revitalization in Parramore.
Volume 1 – focuses on the development plan and the physical manifestations of proposed innovations within that plan, including estimated economic impacts.
Sidewalk Labs, the part of Alphabet focused on cities and urban development, has unveiled its Master Innovation and Development Plan (MIDP) for a proposed smart neighbourhood on Toronto's Eastern Waterfront. The document, even in draft form, solidifies the company's thinking. It also gives Toronto residents the first clear picture yet of what a smart neighbourhood spearheaded by Google's sister company might look like. Below, the team has summarized the key takeaways from the document.
Mixed assets paul_crook_pages_from_rics_journal_residential_property_july_aug...Mainstay Group
"Commercial-led mixed-use development is attractive to developers, but Paul Crook argues that it is only part of
the solution to the problem of declining town centres".
9/8 THUR 10:45 | The Public/Private Experience - When Does It PayAPA Florida
Owen Beitsch
Dori DeBord
Bill Burns
It is a common belief that private capital will offset the limited resources available from the public sector. When that financial objective fails, the purposes for seeking private involvement
become less clear. This panel profiles 3-4 projects launched as public and private endeavors and describes the general expectations, the response from the private sector, the means employed
to achieve consensus, and the ultimate reconciliation of ends and means. In the examples provided, the outcomes were broadly varied…rather than focusing exclusively on projects completed substantially as they were conceived, the circumstances reveal flaws, compromises, and some successes realized over time.
This document provides a techno-economic feasibility report on concrete hollow and solid blocks for construction. It discusses the background of concrete block construction, the manufacturing process, equipment used, types of blocks, advantages, and project costs. A market survey indicates strong potential demand for housing in both rural and urban areas of India. Feasibility studies involve analyzing market, technical, financial, economic, and environmental factors to evaluate project viability before making investment decisions.
In Q4 2011, the Greater Cincinnati retail market saw strong demand and absorption. Net absorption for the quarter was 78,540 square feet, bringing yearly net absorption to 630,236 square feet and lowering the overall vacancy rate to 12.8%. Several major development and redevelopment projects were underway, including The Banks mixed-use project in downtown Cincinnati. Looking ahead to 2012, demand is expected to remain strong with vacancy rates projected to continue declining slightly.
Selling your home can be easy. Our team helps make it happen.Eric B. Slifkin, PA
Why hire one realtor when you can hire a team for the exact cost? Our team ensures better service, communication, and efficiency, which can make all the difference in finding your perfect home or securing the right buyer. See how we market homes for sellers.
Gianluigi Torzi | Managing Director and Head of Capital MarketsGianluigi Torzi
Gianluigi Torzi is a prominent figure in the financial industry, known for his strategic leadership as Managing Director and Head of Capital Markets for the Middle East and Africa. Gianluigi Torzi extensive experience in investment banking equips him with the skills to navigate complex financial landscapes and deliver exceptional results for clients
Listing Turkey - Piyalepasa Istanbul CatalogListing Turkey
We are working around the clock to transform a long-time dream into reality. As a result, Piyalepasa Istanbul will be the largest privately developed urban regeneration project in Turkey.
THE NEIGHBORHOOD WE HAVE BEEN LONGING FOR IS COMING TO LIFE
The good old days of the Piyalepasa neighborhood are being brought back to life with Piyalepasa Istanbul houses, residences, offices, hotels and a pedestrianized shopping avenue.
The wide streets of this 82.000 square meter development conveniently face the main boulevard in a prime Beyoglu location. “Piyalepaşa İstanbul” stands out as the only project designed to offer a neighborhood lifestyle, complete with its grocers, bagel sellers and greengrocer. Piyalepasa Istanbul has all the values to make it an authentic neighborhood, our very own community.
A NEIGHBORHOOD FULL OF LIFE, IN THE HEART OF THE CITY!
“Piyalepaşa İstanbul” is a “mixed-use” concept containing all the elements for a vibrant social life with houses, residences, offices, hotels and high street shopping.
“Piyalepaşa İstanbul” will take the liveliness of Istanbul into its heart. The elegant sparkle of Nisantasi, the young and colorful Besiktas, the variety and multicultural heritage of Istiklal Street will all be contained within the streets of this neighborhood.
“Piyalepaşa İstanbul” bears traces of the most beautiful examples of Turkish architecture from the Seljuks to the Ottomans and from Anatolia to Rumelia. With its graded facades, wide eaves, bay windows, pools, and interior courtyard systems, it offers a new living space without disrupting the city’s silhouette and neighborhood.
“Piyalepaşa İstanbul” is the new attraction of this splendid city.
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1. Light Industrial Warehouse Development
Port Orange, Florida
Prepared for:
Professor Richard Peiser
Real Estate Finance and Development
GSD 5204 – Fall 2004
Prepared by:
W. Chad Cowart
MLAUD – June 2005
January 18, 2005
2. Light Industrial Warehouse Development - Port Orange, FL
Project Introduction...........................................................................................................................1
Location and Project Background ....................................................................................................1
Build-out Scenarios and Construction Costs....................................................................................4
Market Analysis ................................................................................................................................5
Cash Flow Analysis ..........................................................................................................................7
Conclusions ......................................................................................................................................7
Appendix...........................................................................................................................................8
3. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
Project Introduction
From flying choppers in Vietnam, to building houses and subdivisions in Florida, to shuttling oil
riggers across the Louisiana coast, to operating an air-freight business in Miami, Richard
Cowart’s careers and experiences span a wide gamut. Though varied and diversified, these
encounters certainly afforded him with skills and cleverness that he would apply to his return to
the real estate industry. After ending a career as a helicopter pilot in 1993 and after six more
years of part-ownership in a logistics business, Richard returned home to Port Orange, Florida for
a well-deserved retirement – well, not exactly a retirement. He tried to live the life of a retiree, but
found that working was more fulfilling so he set his gaze to real estate development once again.
This time around, warehouses were his target property.
The subject of this paper is a development property that was launched in November 2004
(currently in the planning and permitting phase). The developer, Richard Cowart, is seeking
several options as to how he can prosper on this project. Should he subdivide the building and
market to multiple tenants? Should he market the building as one unit? Should he sell? Should
he rent? These questions are the core examination for this paper. Through an analysis of
market conditions, past experience in the area, and cash-flow analysis, this paper provides an
academic menu of considerations that Richard may employ. The intent is that the paper will
inform the developer early in the planning of the project to assist him in design decisions that
affect all following phases of the project. The focus of the investigation begins with an
understanding of the environment in which this project is conceived, Port Orange, Florida, and the
greater Daytona Beach Area.
Location and Project Background
Port Orange, located on the Atlantic Coast just south of Daytona Beach, is a typical Florida city
that enjoys the exploits of standard zoning practices and land incorporation. The city’s appetite
for developable land and economic autonomy affords developers with a dynamic market ripe with
opportunity in commercial properties. Though residential zoned land is becoming scarce,
undeveloped commercial property remains available throughout the city and continues to gain
momentum. An emerging commercial typology in Port Orange is the light industrial subdivision,
gaining particular energy from the City’s economic development initiatives.
The City of Port Orange, covering about 25 square miles, is just minutes from the “World’s Most
Famous Beach” (Daytona Beach is one of the few beaches that accepts vehicular traffic on its
W. Cowart 1 of 8
4. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
shoreline of white sand), situated along the banks of the Intracoastal Waterway. Orlando is 54
miles southwest of Port Orange and the Kennedy Space Center is 60 miles to the south; both are
accessible by interstate highways. The growth in Port Orange between the 1970s and the 1990s
was phenomenal – from a population of 3,800 in 1970 to 39,750 in 1995. The city has continued
to blossom since the 90s with a current population around 50,000 residents. The larger
metropolitan area of Daytona Beach, including Port Orange, South Daytona, New Smyrna, Ponce
Inlet, and Ormond Beach, provides for a regional population of 150,000.
The economic climate in Port Orange is turning cold to residential development and hot toward
commercial expansion, partly due to the City’s dwindling supply of residential land. The City of
Port Orange is actively legislating economic development ordinances that encourage
development in three particular areas of the city. The area of interest in this paper is the Eastport
Business Center Redevelopment District, a 210 acre industrial redevelopment area established
by the City in 1995. Located between Dunlawton Avenue to the north, Commonwealth Boulevard
to the south, Spruce Creek Road to the west and the FEC railroad to the east, the City
recognized that this area had only achieved a fraction of its development potential. A
redevelopment plan was thus drafted and adopted. The goal of the plan was to maximize the
area’s development potential by improving upon its infrastructure, assisting its businesses in
expanding and attracting new ones to add to the mix. The prime project for Eastport was a 34
acre industrial subdivision for which the City partnered with a private developer in 1998. Thirteen
separate lots were created, each capable of supporting its own office/warehouse industrial
building. The second phase will likely create an additional 5 buildable lots and will extend and
connect the Eastport Parkway with Commonwealth Boulevard to the south.
Within this development district lays the subject property – a small lot in an underdeveloped
industrial subdivision. The platted piece of land with ten half-acre lots, of which only five were
developed by March 2003, has remained on the market for many years. It is situated amongst a
larger group of industrial properties of varying size and building types with vacant land scattered
between. Not until recent measures by the City of Port Orange has the general area seen new
development. Developers have passed over the subject property due to its small size and
relatively scarce location. With the introduction of the Eastport Business Center, the subdivision
and the whole area are attracting more attention.
Richard Cowart came upon the subject property after a series of construction partnerships with
former development associates, first with a builder named Coleman and next with Simonetta &
Rispoli. Dairy Court Industrial Park, simply an 850’ long cul-de-sac, was subdivided in 1988 by
Simonetta & Rispoli and included utility infrastructure and vehicular access. Since its inception,
W. Cowart 2 of 8
5. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
Simonetta & Rispoli developed five parcels and retained ownership of two vacant parcels. The
remaining lots were sold off to investors. Richard’s association with R.A. Coleman dates back to
the late 1970s. As vice president of Coleman Construction, Richard built a mix of properties,
including both residential and commercial property for R.A. Bill Rispoli was an electrician back in
the 1970s and was often contracted with Richard on many of his development projects. These
two associations were critical to putting the two deals together that ultimately led to Richard’s
opportunity to develop the subject parcel on his own. Driving through Port Orange on a regular
basis for over 20 years, he noticed that the subdivision had been dormant for quite awhile, but
had great potential. With no real estate or general contractor’s license, he was unable to pursue
any development activity without the partnership of someone with these credentials. Fortunately,
his former associates were active in both and he knew that his connections with Coleman would
be a good starting point, so Richard approached Coleman with a proposal to develop one of the
five vacant parcels on Dairy Court.
Though the Dairy Court subdivision lay mostly dormant for many years, Coleman was willing to
consider a proposal from Richard. The deal was simple, Richard would provide the design and
site planning, obtain all the required permitting and city approvals necessary to build the
warehouse and act as construction manager during construction; Coleman would acquire the
property, act as General Contractor, provide all financing for construction and permitting and
retain all rights of ownership after the project was complete. Richard’s compensation would be
3% of total development costs (less land sale) which amounted to $6,700 (total development cost
of $220,000). Richard knew he would not make much money on the deal, but realized he could
use the experience to better position himself to develop other vacant parcels in this subdivision.
Coleman accepted the deal and the Coleman Business Center on Lot 6 Dairy Court was
permitted in eight months, constructed in five, and completely pre-sold before opening in
November 2003. Coleman was pleased with this project, however Richard felt that it took too
long to complete. Nevertheless, the project was a success and given the remarkable ability to
sell off all six units so quickly, Richard assumed that the market was hot for this type of
warehouse space and decided to pursue more development options in the subdivision.
Directly across Dairy Court, Simonetta & Rispoli held an inactive parcel at Lot 7. Due to the
success he demonstrated with Coleman and because of his prior relationship with Bill Rispoli,
Simonetta & Rispoli were excited to develop on this unproductive site (Richard cleverly pursued
this site prior to completing construction on Lot 6, but was careful not to proceed before Coleman
had attracted buyers to his property). The deal was constructed similar to Coleman’s except
Richard had his own General Contractor obtain the building permit. Since the parcels in the
subdivision were so similar in size and shape and the building type was the most cost effective
W. Cowart 3 of 8
6. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
and most intense product that could be built, Richard was able to make simple modifications to
his plans and submit them for approval quickly. This advantage made the turn-around time much
faster on Lot 7. With Lot 7, the project was permitted in four months, constructed in six, and pre-
sold to one buyer who incorporated the entire 7,500 square feet with his detergent supply
business. Richard noticed an opportunity to continue this trend on any vacant parcel in the
subdivision.
After his success with two warehouses of nearly identical floor plans, Richard is now planning to
strike out on his own and develop an adjacent site. Armed with a ready-made set of plans for
construction approval, Richard is in the process of identifying interested buyers. He is open to
different building configurations and custom design work that he did not have the freedom to
attempt on the prior projects. However, potential buyers are giving him a wide range of desired
alternatives, so Richard is weary of choosing a pre-sold buyer due to the unique nature of each
scenario. Given these uncertainties and with the questions of equity and financing now real
issues to face, Richard must consider options for generating income on this project and not
assume he can pre-sell the entire space (though he sees that alternative as very attractive).
Now, Cowart and Associates, Inc. (Richard’s newly formed corporation) needs to weigh the
benefits between renting and selling and what building layout should be pursued for permitting.
Build-out Scenarios and Construction Costs
The subject property, Lot 4 Dairy Court, is 22,366 SF (0.51 acre) – very similar to the other two
parcels that Richard built on – so the site issues should be consistent with those found on Lot 6.
Since he prepared a cost estimate for the prior sites and tested them against the actual costs, he
is very confident with the expenditures required to complete a warehouse on Lot 4. The footprint
of the prefabricated metal building and layout of parking is fixed at 6,720 square feet and 6,550
square feet, respectively. Therefore, each scenario will require the same general costs for the
construction of the site and the shell of the building. The interior finishes are the details that will
sway the costs – restrooms, partitions for office space, electricity, firewalls between units, and so
on. The attached plans and elevations describe the scope of the warehouse and its simplicity.
Generally, the building is a front-loaded rectangular structure with an overhead door and walk-
through door at each unit. Each unit contains a restroom, overhead lighting, and a gypsum
firewall.
The questions presented in the introduction to this paper set up the build-out scenarios that
follow.
1. Question A – Should he subdivide the building and market to multiple tenants?
2. Question B – Should he market the building as one unit?
W. Cowart 4 of 8
7. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
3. Question C – Should he sell?
4. Question D – Should he rent?
With these questions in mind, the following options represent Richard’s most effective scenarios
for the given base floor plan assuming as-of-right zoning is employed, no major site plan
modifications are required, and the market will continue to support this warehouse typology (refer
to the attached plans and construction cost figures).
Option 1a – For sale warehouse condos (four condos)
o Three (3) bays at 1,680 SF each, one (1) bay at 1,380 SF (four tenants)
o Front-loaded w/ overhead doors (front access only)
o One (1) restroom per unit
Option 1b – For rent warehouse units (four units)
o (Same configuration as Option 1a)
Option 2 – For sale (one) warehouse condo w/ (two) for rent units
o One 6,420 SF, semi-partitioned unit with
One (1) 3,060 SF bay
One (1) 1,680 SF bay
One (1) 1,680 SF bay
o Three (3) overhead doors (front access only)
o One (1) 200 SF office within the large unit
o Three (3) restrooms
Market Analysis
With these options comes the uncertainty of absorption. For the purposes of this study, the
market area is limited to the Eastport Business Redevelopment District. This district represents
one of the City’s largest economic development initiatives, and includes over 200 acres of
development potential. Close to half of that land area is already developed, and the remaining is
quickly being built-out. Although other industrial property exists in the city, the importance of the
micro-market is very relevant to the subject property, given its scale and position within the
district.
Although adjacent parcels in Dairy Court Industrial Park have been consumed quickly, it is
important to survey the wider sphere of influence that affects the subject property. Upon doing
so, it is evident that the majority of light industrial property in the Eastport Redevelopment Area is
for-rent property. Additionally, the unit sizes tend to be larger than those proposed in the subject
W. Cowart 5 of 8
8. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
property. There appears to be fewer for-sale warehouse units available in the district and given
the recent success and buyer-interest in these properties, Richard could have an advantage in
the area if he chooses to sell. Of the for-sale warehouse complexes in the area, including the
Bayside Business Park, the Eastport Business Center subdivision, and the Coleman Business
Center, only Coleman offers warehouse space most comparable to Richard’s. The others are
either much larger than Richard’s or contain amenities that Richard does not offer and are
therefore more expensive. Richard’s warehouses contain no HVAC, no sprinklers, and no
additional build-out package. Though basic in amenity and primitive in character, these units cost
less to build and are therefore cheaper to sell. Apparently, these attributes and the small unit size
are seen as attractive to the small business owner looking to buy his own building or
condominium. Given the density of the rental properties in the district, there may be an
opportunity to attract business owners who are seeking to terminate their lease in exchange for a
more permanent location in which to conduct their business. Rents in the area range from $0.45
to $0.70 per SF per month; sale prices on warehouse space range from $50 to $70 per SF. The
comparables that command lower prices are generally older properties. The most comparable
properties to Richard’s development are the two buildings that he built recently on Dairy Court
(Map Code G1 & G2 from the attached map) and give the best basis for his asking price. Though
the average price of the comparables is $68.25 per SF unadjusted, Richard may ask for upwards
of $80.00 per SF given the demand that is currently bombarding the market. The quick
consumption of the two lots that he built for Coleman and Simonetta are reflections of the hot
market. Since most of the other for sale warehouses in the area are not comparable in size and
are nearly bought-out, Richard can expect to command higher prices on his for sale condos. The
rental properties are more abundant in the area and seem to be more consistent – averaging
about $0.56 per SF. Richard could easily make money on his project if he settled for Triple Net
rents at $0.60 per SF. On average, the properties in the area are 10 years older than the subject,
which is why he could anticipate higher than average rents, though new properties are planned to
come online soon. Richard needs to get his property on the market quickly so he can capture the
sale and rental prices that he desires (see attached market table and project assumptions).
The value of land in the Eastport Business Redevelopment District is also an important
consideration of the deal. A quick analysis of assessed values in the area revealed that Richard
made off with a steal on the land purchase of Lot 4. The average price for industrial land in the
area is $2.20 per SF, according to the Volusia County Property Appraiser’s Office. Richard’s
property at 22,366 SF sold for $24,750 or $1.10 per SF – half the cost of comparable sites in the
area. This reduces Richard’s total development costs – his debt service and potential equity in
the project. In the cash flow analysis, this facet of the setup helps produce a nice return (see
attached spreadsheets).
W. Cowart 6 of 8
9. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
Cash Flow Analysis
When inspecting the profitability behind each scenario, it appears that there are striking return
advantages to certain scenarios, but the true question at hand is the issue of long-term
investment versus quick return and the inherent freedom of “cashing-out.” These are the most
difficult decisions for Richard to make. With these choices comes the issue of what to do with the
returns. If he chooses to “cash-out” with a sale of the property, where will he invest this money?
Can he put the returns from the for-rent scenarios (considering their small scale) to work in the
same manner as with the for-sale scenarios? It would behoove him to reinvest in some way. The
question of where to reinvest cannot be addressed in the scope of this paper, but given the
market analysis, there are indications of the absorbability of more warehouses in this industrial
district. To speculate on what to do with his return, the following scenario could be pursued.
Richard has his eye on a 12 acre parcel up for sale directly adjacent to Dairy Court Industrial
Park. This potential project would require an enormous investment that would likely require
external investment partners. Richard could use the returns from the Lot 4 development to
instigate a partnership with a group of “deep pockets.” By having a lump sum up front, he could
have enough capital to buy into a partnership to develop the 12 acre site. On the other hand, if
he wanted to remain less involved in the financial returns on the project, he could take less risk,
similar to the partnership with Coleman discussed at the outset of this paper, and perform as
construction manager – still drawing a sizable fee.
Conclusions
In conclusion, Richard is in a position to make risk judgments and assess his options for build-out
of Lot 4. Given the analysis, it would appear that Option 2 is worthy of serious consideration.
While Option 1A is the most appealing at first glance due to the return captured as a result of
selling the property in the first year, those earnings must be put to work in order to realize the
benefit of early cash-out. With Option 2, Richard can pay down his debt on the project with the
proceeds from the sale of the largest unit in the building. After this initial pay-down, Richard could
work with the bank to restructure his mortgage with lower payments. By doing so, the amount of
debt owed during the operation of the two remaining rental units would be less of a burden than if
the entire project were rented to capacity (as was the scenario with Option 1B). Option 1B
produces a nice return and looks like a good deal, but the advantage of Option 2 (maintaining
only two rental units instead of four, greater probability of filling the rent roster, and earning a
higher after tax return) is quite clear. When presented with the idea of Option 2 Richard
commented,
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10. Real Estate Finance and Development Final Project
GSD 5204 Fall 2004
If you just think about it, it is logical to [setup the project in this way.] If you don't
need the money right away for something else it gives the existing two units
[time] to transmit some rental income in the [black] and also gives you time for
your property to appreciate at a good rate, especially now when real estate is
rising almost monthly here in Florida.
With this mentality, Richard could pay down his debt on the property with the sale of the
large unit in Option 2 and apply his income from the rental property during the holding
period toward another project. Will he apply it toward the ambitious 12 acre land
development project or will he continue to search for small parcels in the Eastport district
to build on? The appraised value of the 12 acre parcel to the east of Dairy Court is $1.5
million. Maybe he should simply invest his money in the purchase of the property and
hold it until the market really becomes desperate for the vacant piece of land. However
he chooses to exercise his return from Lot 4 Dairy Court, he must exercise it! With the
analysis demonstrated in this paper, he is equipped with a basis for planning the
consequent phases of the current project but more importantly he now has an idea about
the future and the possibilities his returns may bring.
Appendix
1. Site Context and Warehouse Comparables Map (one page)
2. Building Plans & Elevations (four pages)
3. Construction Cost Estimate (one page)
4. Market Analysis Spreadsheet (one page)
5. Recent Non-Residential Construction Activity in Port Orange (two pages)
6. Cash Flow Analysis Spreadsheets (twelve pages)
W. Cowart 8 of 8
11. SITE CONTEXT AND WAREHOUSE COMPARABLES
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250 500
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SPRUCE CREEK ROAD
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DAIRY COURT
PARK
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PORT ORANGE
INSET
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VOLUSIA COUNTY
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12.
13.
14.
15.
16. LOT 4 DAIRY COURT MARKET ANALYSIS
Total
Rental or
Number of
Date Sale Vacancy Avg. SF Avg.Rent Avg.Sale
Units / Lots
Map Code Project/Condominium Name Opened Property Rate per Unit per SF per SF
A Bayside Business Park 12 2003 Rental 5% 1,800 $ 0.68 $ 70.00
B Eastport Business Center 15 2001 Sale for sale 8,333 $ - $ 70.00
C Oak Place Industrial Park 16 1979 Rental 5% 2,500 $ 0.50 $ -
D Port Orange Business Park 10 1978 Rental 0% 2,000 $ 0.55 $ -
E Oak Centre Business Park 50 1986 Rental 5% 3,300 $ 0.60 $ -
F Simonetta & Lieselotte 11 1984 Rental 5% 3,500 $ 0.45 $ -
G1 Coleman Business Center 6 2003 Sale for sale 1,700 $ - $ 65.00
G2 Simonetta & Rispoli 3 2004 Sale sold-out 1,650 $ - $ 68.00
Averages 15.4 1992 3,098 $ 0.56 $ 68.25
Subject Lot 4 Dairy Court 1680 $ 0.60 $ 80.00
17. LOT 4 DAIRY CONSTRUCTION COSTS
Description of Item Unit Price Quanity Sub Total Total
Survey $ 4,500.00 $ 4,500.00
Clearing $ 4,000.00 $ 4,000.00
Fill $ 20,250.00 $ 20,250.00
Architect $ 3,500.00 $ 3,500.00
Engineer $ 5,000.00 $ 5,000.00
Landscape Architect $ 1,500.00 $ 1,500.00
Impact Fees $ 6,800.00 $ 6,800.00
St. John River Water Management $ 500.00 $ 500.00
Temporary Utilities(water,elect,etc) $ 500.00 $ 500.00
Blueprinting $ 500.00 $ 500.00
Pest Treatment $ 1,000.00 $ 1,000.00
Structural Engineering
120 mph wind loads per FBC2001
5 psf collateral load
1.0 importance factor
5" concrete floor and foundations
1/12 roof pitch
4' box canopy per sketch
Four 12'x14' OHD framed openings
All walls open to 8' for masonry/precast walls
3" insulation in roof
Galvalume PBR roof
Gutters and down spouts
Erect building
8' precast concrete walls
Eight 3070 walk doors with std. Hdwe.
6" concrete pavement and Type D curb $155,000.00
Plumbing $ 9,200.00 $ 9,200.00
Electric $ 15,000.00 $ 15,000.00
Testing $ 1,500.00 $ 1,500.00
Windows $ 6,000.00 $ 6,000.00
Metalstuds and sheet rock firewalls $ 9,000.00 $ 9,000.00
Dumpster $ 1,700.00 $ 1,700.00
Portalet $ 255.60 $ 255.60
Landscaping $ 12,500.00 $ 12,500.00
Irrigation $ 4,000.00 $ 4,000.00
Painting $ 4,000.00 $ 4,000.00
General Labor $ 1,440.00 $ 1,440.00
Grading $ 2,400.00 $ 2,400.00
Bollards $ 1,200.00 $ 1,200.00
Marking and Striping Parking lot $ 1,000.00 $ 1,000.00
Garage doors $ 4,800.00 $ 4,800.00
Final Clean $ 800.00 $ 800.00
Masonry labor $ 3,000.00 $ 3,000.00
Concrete block $ 3,000.00 $ 3,000.00
As built survey $ 1,200.00 $ 1,200.00
Sub Total $ 285,045.60 $276,545.60
Contractor Fee $ 28,504.56 $ 27,654.56
Total Option 1 $ 313,550.16 $304,200.16 $ 47.38 cost per SF
Firewall $ (6,000.00)
Office $ 2,500.00
Restroom $ (2,200.00)
Overhead Door $ (1,250.00)
Total Option 2 $297,250.16 $ 46.30 cost per SF
18. Option 1A For sale warehouse condos (four condos)
9 SALE AND INITIAL EXPENSE SUMMARY
10 ===================================== ======== ======== ======== ========== ================= ========= ======== ======== ========
11
12 no. units area/unit total sf total sale
13 description price/sf sale price
14
15 Unit A 1 $80.00 1380 1380 $110,400 $110,400
16 Unit B 1 $80.00 1680 1680 $134,400 $134,400
17 Unit C 1 $80.00 1680 1680 $134,400 $134,400
18 Unit D 1 $80.00 1680 1680 $134,400 $134,400
19
20 ======= ======= ======= ========
21 TOTAL 4 $80.000 6420 $513,600 $513,600
22
23
24 GROSS INCOME FROM SALE $513,600 (from above)
25
26
27
28
29 ==========
30 TOTAL CASH IN $80.00 PER SF $513,600
31
32 EXPENSES DURING SALE PERIOD
33 PAYROLL
34 * MANAGER $0 $0
35 * ASSISTANT MGR/BOOKKEEPER $0 $0
36 * MAINTENANCE MAN $0 $0
37 * PORTER FOR GROUNDS $0 $0
38 ======= =======
39 SUBTOTAL $0 $0
40
41 PAYROLL TAXES AND INSUR 0.00% $0
42
43 ADVERTISING AND PROMOTION $0.20 $1,284
44 MAINTENANCE SUPPLIES $0.40 $2,568
45 * ADMINISTRATION,MGMT,TEL $0.00 $0
46 UTILITIES FOR COMMON AREA $0.20 $1,284
47 REAL ESTATE TAXES $0.96 $6,163
48 INSURANCE $0.48 $3,082
49 ===== ========
50 TOTAL EXPENSES $2.24 PER SF $14,381
51
52 NET OPERATING INCOME $0.00 PER SF $0 N/A on for-sale property
* this role assumed by the developer
1 of 12 Option1A-front end