New Opportunity to Study Real Estate Development

New Opportunity to Study Real Estate Development: The University at Buffalo announces new specialty within Master of Science in Architecture Starting in fall 2015, the University at Buffalo (UB) is offering a new course of study in real estate development, leading to the Master of Science in Architecture. Offered by UB’s School of Architecture and Planning, it is first of its kind in the State University of New York. It prepares students for employment in the rapidly changing industry that invests in land and property to increase value. “The industry has become far more sophisticated in recent years,” says Professor Ernest Sternberg, the program director, “because market expectations, building types, financing mechanism, environmental rules, and legal concerns have all become far more complicated. Those who want to succeed will need advanced education.” There will be jobs, he says, in small entrepreneurial firms, large development firms, financial institutions, and the management of large buildings and facilities. Students will receive instruction in topics expected for real estate development professionals. These include financial analysis, the development process, market analysis, and real estate development law. They will also have access to a range of special elective courses meant to expand professional skill and awareness. These courses include building technology, inclusive design (giving access to people with varied levels of ability or disability), historic preservation, housing policy and neighborhood development, land use and environmental regulation, and building energy and sustainability. A roster of accomplished professional developers is joining with tenured university faculty to teach the courses. According to UB officials, this will be only the second full course of graduate study available in the subject in a public institution in the Northeast United States. “It will be one of the most cost-effective anywhere in the United States,” Sternberg says. The program will accept students from any undergraduate major. Sternberg promises that 90 percent of completed applications will be answered within two weeks. Joint degrees with Architecture and Urban and Regional Planning will be available, as will an advanced graduate certificate in historic preservation. Those who are interested should check http://ap.buffalo.edu/academics/Architecture/degrees/ms-architecture/real-estate-development.html or type “real estate development” into the search bar at www.ap.buffalo.edu. After checking the web page for routine details, those involved with BOMA are welcome to call Prof. Ernie Sternberg directly at 716-829-5880 to chat about this new opportunity, or to write to him at ezs@buffalo.edu.