Learn how the real estate development process works with the new edition of this best-selling book. Widely used by developers, planners, architects, investors, and other players on the development team, this book provides the most practical and thorough introduction to real estate development available.

Using an eight-stage model of the development process, the authors explain idea conception, feasibility, planning, financing, market analysis, contract negotiation, construction, and asset management. Ongoing case studies of an office and multifamily development provide realistic examples.

This edition features fresh data, the latest demographics information, all new chapters on finance, a new chapter on affordable housing, all new material on market analysis, updated information on market research, contract negotiation, and marketing, a new multifamily case study, and an appendix on the impact of economic and demographic trends.