Description
This course is based on the principle that in order to properly meet a client's goals on a building project, the Architect/Engineer must understand the economic factors that motivate the client to build. The student is taught their role in pre-development analysis along with the basic principles of real estate investment, cash flow, engineering economics, depreciation, appreciation, and tax shelter. Additional topics include development history, zoning, tax laws, equity investments, LEED, sustainable development, and appraisal techniques. Emphasis is placed on the application of economic analysis to the senior design projects. The instructor may arrange guest lectures and tours through out the quarter. (prereq: AE-3431 or CM-3013)