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I need help with my real estate class..

Paradox

So I'm supposed to play the developer, find a site anywhere in US and suggest a type of building (apartment,condo,hospital,museum,tree house etc..) and convince the "client" why it would be profitable to build that building in that particular area. I'm struggling to come up with the place,honestly I don't know where to start. Can anybody suggest a website to find information on real estate market? I also need info on square feet prices and construction prices. Any kind of help is appreciated.

 
Nov 24, 09 7:25 pm
Larchinect

I think there's a lot of opportunity in Colorado. Denver has been growing at a significant rate and we're on the cusp of building an expansive light rail network where the existing freeway network is failing with the grwoing population.

For ideas you could take a look at the proposed Denver Union Station neighborhood development project in lower downtown.. I cant remember the url, but there is a website dedicated to the project.

Nov 24, 09 9:10 pm  · 
 · 
trace™

Hmm, not so sure about that Larchinect. We are better off than most of the country, but there is no sign of a recovery. Union Station is struggling and many larger projects have died altogether. The Ritz going into bankruptcy last week doesn't help and will have ripple effects in the entire local markets. Spire doesn't look promising, either, and if that one fails then it'll take the entire region down.
The expansion of the light rail is great, but it'll be years and years of build out.

Hope I am wrong, but I am keeping a very close eye on things and have yet to see any sign of improvements.


PO - just drive around, find a vacant hunk of land or find a warehouse district that looks like it'd have potential to become something. Is this supposed to be small or large?

Your question is far too broad - "information on the real estate market" - that could be anything. Go read Zillow!

What you need to do is find a site, then decide what would work there. It really isn't hard until you are really crunching numbers and it starts to become 'real'.


There are plenty of good books on Amazon, but if you are taking a class I'd assume they've armed you with the necessary knowledge/resources to make some kind of hypothesis and go onto prove it.


Nov 25, 09 10:02 am  · 
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Distant Unicorn

East Village, New York. Redevelopment/addition. The End.

Nov 25, 09 10:10 am  · 
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brian buchalski

agree with trace. drive around (or even walk) with your eyes open. picking a local site should give you a much richer experience in your real estate education.

Nov 25, 09 10:12 am  · 
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xacto

look at market reports from cbre, cushman wakefield, grubb ellis, jones lang lasalle, newmark knight frank, marcus & millichap, etc.

Nov 25, 09 1:07 pm  · 
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treekiller

florida or vegas baby and suggest foreclosed mcmansions!

Nov 25, 09 5:49 pm  · 
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marlowe

I think finding a dead, or soon-to-be dead, suburban metro shopping mall in a rust belt state could be an interesting thing to study.

www.deadmalls.com

Nov 25, 09 6:44 pm  · 
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