scholarly journals The Impact of the Agency Role-Based Model on Decision Making in Real Estate Development Projects

2020 ◽  
Vol 3 (3) ◽  
pp. 1
Author(s):  
Ge Zhai
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Decision Model ◽  
Development Process ◽  
Real Estate Development ◽  
Development Projects ◽  
The Real Estate ◽  
Improvement Measures ◽  
Role Based ◽  
The Impact

The professionalism of real estate development makes the decision-making environment of development relatively complicated. Building the decision model can help investors make reasonable decisions in real estate development. This paper analyses the construction project of Berlin Brandenburg Airport by using the agency role-based model of real estate development proposed by Adams & Tiesdell. The research found that the existing research is looking for different objective factors from real estate development cases, without analysing the influence of actors involved in the development process on the entire real estate development decision. In the process of real estate development, not only the changes in the market environment should be considered, but also the influence of different roles on decision-making in the development process. The conclusion of this paper provides a useful supplement to the real estate development model and proposes specific improvement measures.

A real estate development model for Turkey: real estate certificates and integrated project delivery

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Eymen Cagatay Bilge
Keyword(s):  
Real Estate ◽  
Delivery System ◽  
Development Process ◽  
Project Delivery ◽  
Real Estate Development ◽  
Integrated Project Delivery ◽  
Content Type ◽  
The Real Estate ◽  
Technological Developments ◽  
Integrated Project

PurposeTechnological developments are having an impact on the construction sector and are creating a paradigm shift in project delivery methods. Traditional project delivery systems are inadequate in current project development processes. A more integrated project delivery system and the establishment of contractual and financial structures are needed. The purpose of this study is to incorporate integrated project delivery and real estate certificate concepts and propose a model for real estate development.Design/methodology/approachAs a methodology, both integrated project delivery and real estate certificate concepts are reviewed individually, and a case to real estate certificate in Turkey is examined.FindingsA real estate certificate is a new method for financing the development process. The system covers the financial dimension of the integrated project delivery system. When these two concepts are combined, they provide an alternative to the real estate development process.Research limitations/implicationsThis study is a preliminary study and lays the foundation for future studies.Practical implicationsIn theory, both concepts have many advantages, in practice, it is essential to create the necessary legal basis for these advantages to be valid. As this process requires significant planning and contract management, the proposed model must be properly designed at the start of the project.Originality/valueThis study proposes a new model for real estate development by combining integrated project delivery and real estate certificate concepts.

The Real Estate Development Process

2021 ◽  
pp. 363-383
Author(s):  
John Ratcliffe ◽  
Michael Stubbs ◽  
Miles Keeping
Keyword(s):  
Real Estate ◽  
Development Process ◽  
Real Estate Development ◽  
The Real ◽  
The Real Estate

The Real Estate Development Industry

2012 ◽  
pp. 721-738
Author(s):  
Igal Charney
Keyword(s):  
Urban Planning ◽  
Real Estate ◽  
Development Process ◽  
Real Estate Development ◽  
Real Estate Industry ◽  
Cultural Issues ◽  
The Real ◽  
The Real Estate ◽  
The Core ◽  
Important Position

This article provides an overview of the real estate development industry and evaluates its connection to urban planning. It reviews principal approaches used to study the real estate industry and explains the concept of development rhythms that encapsulate the unevenness of development over time. The article explains that the real estate development industry has not come to occupy an important position in urban planning because of the preference of urban scholars for social, political, and cultural issues. It also examines the workings of the core agents in the development process, real estate developers.

Influence of Parameters of Building Design to Effectiveness of Real Estate Development

2014 ◽  
Vol 1065-1069 ◽  
pp. 2520-2524
Author(s):  
Viera Somorová
Keyword(s):  
Real Estate ◽  
Development Process ◽  
Building Design ◽  
Real Estate Market ◽  
Operating Costs ◽  
Real Estate Development ◽  
Substantial Part ◽  
The Real ◽  
The Real Estate ◽  
The Future

Real estate development is in its essence the development process characterized by a considerable dynamics. The purpose of the development process is the creation of buildings which can be either rented by future unknown users or sold in the real estate market. A substantial part of the paper is dedicated to the analysis of the parameters solutions of buildings considering the future operating costs in a phase of designing. The above-indicated solutions are the main factor not only in determining the future operating costs but also in achieving the subsequent economic effectiveness of the real estate development.

scholarly journals Conceptualizing sustainability in the real estate development process

2019 ◽  
Vol 3 (1) ◽  
pp. 1-14
Author(s):  
Upuli Perera ◽  
Collins Adjei Manesh
Keyword(s):  
Systematic Review ◽  
Real Estate ◽  
Development Process ◽  
Stakeholder Participation ◽  
Environmental Values ◽  
Real Estate Development ◽  
The Real ◽  
The Real Estate ◽  
Socially Constructed

Operationalizing sustainability within the real estate development is a challenge as such development process is complex, multidisciplinary in nature and involves multiple agencies. The paper, therefore, aims at strengthening the conceptualization of sustainability within the real estate development process (REDP) to address this challenge effectively. Adopting the systematic review, 127 publications focused on sustainability and REDP were appraised. Focusing on the institutionalist viewpoints, sustainability was found to be a problem driven notion which is socially constructed. Therefore, it requires to be viewed within the larger picture of agency, structure and power in the context of economic, social and environmental uncertainties. These are found to be applied in the same way in the contemporary REDP literature too. On account of this, the paper suggests, conceptualizing sustainability within REDP needs the latter to take into account the agency dynamics of actors in the development process such as agency motivation (values) to offer a meaningful operationalization of the concept. In other words, this paper calls for significant stakeholder participation in the REDP which allows significant levels of economic, social and environmental values of actors to be brought forward to build consensus to determine as to what is sustainability within it.

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