The Real Estate Development Program began in 2006-7. This undergraduate major
offered within The College of Business Administration (CBA) is the only program
of its kind in the state of Michigan. We strongly believe that the CBA is the
place where real estate education belongs. Just as with other CBA majors, our
graduating students receive a BS of BA degree.
The purpose of the new program is to provide a broad integrated undergraduate
education in real estate development and finance, encompassing the perspective
of the private developer, as well as those of professionals in brokerage,
design, engineering, land use, and environmental planning.
The Real Estate Development program is currently running about 40-45 students
each semester enrolled in the FIN 335 principles course. In the fall semester,
we offer a course in real estate law (BLR 330), real estate finance (FIN 336)
along with an additional course in real estate economics (ECO 375). In the
spring semester, we are offering RE valuation/appraisal (FIN 337), as well as a
case study course in RE Development (FIN 438).
For the first time, students graduating in the spring 2008 semester will be
able to earn a minor in real estate development and finance by taking the four
courses offered in 2007-8 as well as additional second year prerequisites in
accounting, economics and finance. Our real estate minor was approved by the CMU
Academic Senate in late October 2007.
Students may also earn a minor in real estate development and finance by
taking FIN 335, FIN 336 plus two of the three courses FIN 337, BLR 330, and/or
ECO 375. In addition, there are additional second year prerequisites in
accounting, economics and finance.
A compelling feature of our RE program is bringing together students and RE
business people in many different settings that include speakers, trips as well
as the annual RE conference. In October 2010, we held our fourth annual CMU real
estate conference. This conference features about a dozen speakers from
backgrounds in RE development, lending, capital markets and RE investments. The
conference covers topics in both housing and commercial RE issues. It includes
an internship fair that brings together students and RE companies. For pictures
from past annual conferences as well as business trips to Chicago, see the
heading RE Conference/trips on the RE home page.