This expanded curriculum now affords MBA real estate students depth of choice among electives that fit diverse career paths in real estate: finance and banking, investment management and private equity, development, and client relations and placement, as well as other business services.
Real Estate Development, taught by Adjunct Professor John Livingston, will examine the development process and review practical applications of design, construction, and finance in developing real estate. Through lectures, guest speakers, site visits, and case studies, students will analyze why projects get developed, how they are executed, and the role of the developer as the producer of real estate. Specific attention will be paid to creating a vision, conceptual design, construction delivery methods, financial analysis, structuring an option or ground lease, execution, and operations. Students will be asked to form teams that will conceptualize projects, create financing structures, and negotiate transaction terms followed by presentations to the class. The course will focus on four case studies: (1) Ground-Up Retail Development; E Walk on the New 42nd Street, New York; (2) Mixed-Use Conversion Project; 330 Hudson Street, New York; (3) Public/Private Development; Marriott Convention Center Hotel, Washington D.C.; and (4) International Project; Gehry Office Tower, Abu Dhabi, UAE.
Real Estate M&A and Restructuring Deal Workshop is a multidisciplinary course offered jointly with Columbia Law School and co-taught by Adjunct Professor & Visiting Lecturer Robin Panovka, partner, Wachtell, Lipton, Rosen & Katz, and Professor Lynne Sagalyn. High-stakes real estate M&A and restructuring transactions require consummate deal-making skills and a thorough understanding of the underlying business, legal, financial, and strategic frameworks. This Workshop will explore the relevant skill-sets and underlying frameworks through a combination of class discussions and hands-on mock negotiation and drafting exercises, where business school students will be paired with law students. The class will take a multidisciplinary approach, based on the premise that an effective transactional lawyer must understand the business and financial goals and implications of the deal and, similarly, that an effective business or finance expert must have a solid grasp of the legal and structural underpinnings for the transaction.