INTENSIVE PROFESSIONAL
CERTIFICATE PROGRAMS
FALL 2014
SPRING/SUMMER 2015
REAL ESTATE FINANCE AND INVESTMENT
REAL ESTATE DEVELOPMENT
COMMERCIAL PROPERTY MANAGEMENT
CONSTRUCTION PROJECT MANAGEMENT
SCHACK INSTITUTE OF REAL ESTATE
INTENSIVE PROFESSIONAL
CERTIFICATE PROGRAMS
“Schack intensive real estate courses focus on the very latest trends in
the industry. They are taught by professionals who are leaders in the
most complex and sophisticated real estate market in the world.”
Intensive courses in real estate and construction deliver in-depth, concentrated learning
experiences for professionals who seek to sharpen their expertise in a particular aspect of
these expanding, globalized industries. Class enrollment is limited to ensure that students
receive personalized attention during their time at the NYU School of Professional Studies.
Courses are generally scheduled Monday through Friday, 9 a.m.–4.30 p.m. Final grades
earned in intensive courses often can be applied toward the completion of one of the
professional certificates.
Schack Institute of Real Estate
CONTENTS
FACULTY
Intensive courses are taught by accomplished professionals from across the real
estate, design, and construction industries. All are faculty members of the NYU School
of Professional Studies Schack Institute of Real Estate graduate and professional
studies program.
E. 49th
ROCKEFELLER
CENTER
E. 47th
E. 46th
E. 45th
E. 44th
THIRD AVE.
STATION
E. 48th
LEXINGTON AVE.
GRAND
CENTRAL
E. 43rd
CHRYSLER
W. 42nd
Y
DWA
BROA
SEVENTH AVE.
W. 41st.
MADISON AVE.
FIFTH AVE.
AVE. OF THE AMERICAS
TIMES
SQUARE
NYU
MIDTOWN
CENTER
PARK AVE.
LOCATION
Classes meet at the NYU Midtown
Center, 11 West 42nd Street,
situated in the heart of midtown
Manhattan across from Bryant Park
and The New York Public Library.
The NYU Midtown Center is within
walking distance of some of the
world’s most exciting retail and
entertainment areas, including
Times Square and Fifth Avenue.
For further information, please
contact (212) 992-3336.
—Jeff Stoddard, student, NYU School of Professional Studies
BUILDING
BRYANT
PARK
W. 40th
W. 39th
NEW YORK
PUBLIC
LIBRARY
REGISTRATION
For registration information, see page 16, call (212) 998-7150, or e-mail scpsinfo@nyu.edu.
FALL/SPRING/SUMMER INTENSIVES SCHEDULE
4
CERTIFICATE IN REAL ESTATE FINANCE AND INVESTMENT5
The Business of Real Estate: Finance and Investment
5
Real Estate Investment Decision Analysis
6
Applied Real Estate Finance and Investment
6
CERTIFICATE IN REAL ESTATE DEVELOPMENT7
The Business of Real Estate: Finance and Investment 8
Real Estate Development
8
Real Estate Asset Management
9
CERTIFICATE IN COMMERCIAL PROPERTY MANAGEMENT10
Commercial Property Management 10
Building Systems, Operations, and Maintenance
11
Commercial Real Estate Lease Analysis
12
ON-SITE PROGRAM DELIVERY
CERTIFICATE IN CONSTRUCTION PROJECT MANAGEMENT13
Are you exploring the idea of customized learning at your workplace? Schack courses
and certificates can be delivered on-site and customized to meet the needs of your
organization. For more information, please e-mail scps.realestate@nyu.edu.
Project Management Principles for Construction Professionals
12
Construction Project Management
14
Construction Risk Management
15
Learn more about Shack programs:
WEBSITE: sps.nyu.edu/schackintensives
E-MAIL: scps.realestate@nyu.edu
TELEPHONE: (212) 992-3336
2 | sps.nyu.edu/schackintensives
(212) 992-3336 | scps.realestate@nyu.edu | 3
2014–15 INTENSIVES SCHEDULE
CERTIFICATE IN REAL ESTATE
FINANCE AND INVESTMENT
FALL 2014 INTENSIVES
SUMMER 2015 INTENSIVES
Acquire a complete understanding of how
commercial real estate investment deals are
financed, structured, and executed.
OCTOBER 1–3, 2014
JUNE 1–5, 2015
Gain understanding of:
Principles of Project Management
for Construction Professionals
(COPM1‑CE9649)
OCTOBER 13–17, 2014
The Business of Real Estate: Finance and
Investment (REFI1-CE9630)
OCTOBER 20–24, 2014
Construction Project Management
(COPM1‑CE9650)
Real Estate Development (REDV1-CE9660)
Real Estate Investment Decision Analysis
(REFI1-CE9680)
OCTOBER 27–30, 2014
Applied Real Estate Finance and
Investment (REFI1-CE9686)
OCTOBER 27–31, 2014
Construction Risk Management
(COPM1‑CE9651)
Real Estate Asset Management
(REDV1‑CE9670)
SPRING 2015 INTENSIVES
MARCH 16–20, 2015
The Business of Real Estate: Finance and
Investment (REFI1-CE9630)
MARCH 23–27, 2015
Real Estate Development (REDV1-CE9660)
Real Estate Investment Decision Analysis
(REFI1-CE9680)
MARCH 30–APRIL 2, 2015
Applied Real Estate Finance and
Investment (REFI1-CE9686)
MARCH 30–APRIL 3, 2015
Real Estate Asset Management
(REDV1‑CE9670)
The Business of Real Estate: Finance and
Investment (REFI1-CE9630)
JUNE 3–5, 2015
Commercial Property Management
(REPM1‑CE9655)
Principles of Project Management
for Construction Professionals
(COPM1‑CE9649)
JUNE 8–12, 2015
Real Estate Investment Decision Analysis
(REFI1-CE9680)
Construction Project Management
(COPM1‑CE9650)
JUNE 15–18, 2015
Applied Real Estate Finance and
Investment (REFI1-CE9686)
JUNE 15–19, 2015
Construction Risk Management
(COPM1‑CE9651)
JUNE 22–24, 2015
Building Systems, Operations, and
Maintenance (REPM1-CE9660)
JUNE 22–26, 2015
The Business of Real Estate: Finance and
Investment (REFI1-CE9630)
JULY 6–10, 2015
The Business of Real Estate: Finance and
Investment (REFI1-CE9630)
JULY 13–17, 2015
>> Property valuation
>> Real estate financial analysis
>> Real estate investment analysis
>> Sources of capital and financing structures
>> Mortgage instruments and underwriting
>> Private equity and partnership interests
>> Taxation and partnership structures
>> Risk and return analysis
This certificate is awarded to students who
successfully complete the following intensive
courses: The Business of Real Estate: Finance
and Investment, Real Estate Investment
Decision Analysis, and Applied Real Estate
Finance and Investment.
All certificate program course requirements
must be completed with an overall average
of B or higher. Certificates will not be issued
unless an Application for Certificate Candidacy
is submitted. For details, see page 16. Requests
for course substitutions should be made
to scps.realestate@nyu.edu.
THE BUSINESS OF REAL
ESTATE: FINANCE AND
INVESTMENT
REFI1-CE9630 | $2,195
FALL 2014
Real Estate Development (REDV1-CE9660)
Monday–Friday, 9 a.m.–4.30 p.m., Oct. 13–17.
Real Estate Investment Decision Analysis
(REFI1-CE9680)
SPRING 2015
JULY 20–23, 2015
SUMMER 2015
Applied Real Estate Finance and
Investment (REFI1-CE9686)
JULY 20–24, 2015
Real Estate Asset Management
(REDV1‑CE9670)
JULY 27–29, 2015
Commercial Real Estate Lease
Analysis (REDV1-CE9675)
4
| sps.nyu.edu/schackintensives
Note:
You can only register for courses running in the current semester.
Monday–Friday, 9 a.m.–4.30 p.m., Mar. 16–20.
Sec. 1: Monday–Friday, 9 a.m.–4.30 p.m.,
June 1–5.
Sec. 2: Monday–Friday, 9 a.m.–4.30 p.m.,
June 22–26.
Sec. 3: Monday–Friday, 9 a.m.–4.30 p.m.,
July 6–10.
This intensive, one-week course provides
a solid foundation for understanding the
high-stakes business of commercial real
estate. Through exposure to real-world
applications, develop an understanding of
the essential concepts and underpinnings of
commercial real estate finance, investment,
and asset valuation.
AREAS COVERED
>> The nature of real estate and real
estate markets
>> Real estate valuation concepts
and techniques
>> Time value of money and
mortgage calculations
>> Property-level income statement
and pro forma analysis
>> Capitalization rates and
direct capitalization
>> Discounted cash flow analysis and
yield capitalization
>> Real estate financial modeling
>> Investment analysis and analyzing the deal
FACULTY
>> Michael Grey, Owner, Piermont
Properties, Inc.
>> Edward Lombardo, Commercial Credit
Officer, Abacus Federal Savings Bank
>> Mark Mascia, President and CEO, Mascia
Development, LLC
>> Robert Meulmeester, Principal, Waksard
Capital, LLC
PROGRAM NOTES
This program counts as one course toward
the Certificate in Real Estate Finance and
Investment or the Certificate in Real Estate
Development. For information on certificate
requirements, please see Certificate
Candidacy on page 16. For those seeking
a letter grade for this course, an exam is
administered on the final day of the class. The
course tuition includes lunches, refreshments,
and all educational materials. Students will
have access to a PC lab for the day when
real estate financial modeling using Excel
is covered.
(212) 992-3336 | scps.realestate@nyu.edu | 5
REAL ESTATE INVESTMENT
DECISION ANALYSIS
REFI1-CE9680 | $2,195
FALL 2014
Monday–Friday, 9 a.m.–4.30 p.m., Oct. 20–24.
SPRING 2015
Monday–Friday, 9 a.m.–4.30 p.m., Mar. 23–27.
SUMMER 2015
Sec. 1: Monday–Friday, 9 a.m.–4.30 p.m.,
June 8–12.
Sec. 2: Monday–Friday, 9 a.m.–4.30 p.m.,
July 13–17.
Further your understanding of commercial
real estate investment decision analysis by
applying a framework of advanced analytical
techniques and financial structuring to
property acquisitions and dispositions. Learn
to find the appropriate discount rate based
upon the weighted average cost of capital
(WACC). Explore the effects of leverage and
prepare a before- and after-tax investment
analysis based upon net present value (NPV)
and internal rate of return (IRR).
AREAS COVERED
>> Top-down approach to investing
>> Essential investment ratios and the effects
of leverage
>> Capital markets; funds flow to commercial
real estate
>> Debt financing; mortgage underwriting
>> CMBS and securitization
>> Private equity investment vehicles
and waterfalls
>> Alternative real estate financing and
investment vehicles
>> Partnership taxation
FACULTY
>> Scott Robinson, Visiting Clinical Professor,
NYU School of Professional Studies
Schack Institute of Real Estate
>> Gregg Delany, Principal, Longitude
Investment Advisors
>> Anthony Meo, SVP and Chief Credit
Officer, Community Federal Savings Bank
>> Michael Hurwitz, Adjunct Instructor,
NYU School of Professional Studies
Schack Institute of Real Estate
6 | sps.nyu.edu/schackintensives
PROGRAM NOTES
This program counts as one course toward
the Certificate in Real Estate Finance and
Investment. For information on certificate
requirements, please see Certificate
Candidacy on page 16. For those seeking
a letter grade for this course, an exam is
administered on the final day of the class. The
course tuition includes lunches, refreshments,
and all educational materials. It is expected
that students have completed The Business
of Real Estate: Finance and Investment or
have equivalent experience. Students will
have access to a PC lab to complete the
student project.
APPLIED REAL ESTATE
FINANCE AND INVESTMENT
REFI1-CE9686 | $2,195
FALL 2014
Monday–Thursday, 9 a.m.–4.30 p.m.,
Oct. 27–30.
SPRING 2015
“Only in New York City could you find so many fabulous instructors who know so
much and who want to share their knowledge and experiences. The intensive
course was terrific. The curriculum was on target and delivered the information we
all were interested in acquiring. The instructors were great! Their lesson plans were
a diverse mix of academic theories and real-life case studies. My time and money
were well spent.”
— Jim Black, student, NYU School of Professional Studies Schack Institute of Real Estate
AREAS COVERED
>> Real estate investment concepts
>> Financial analysis of real
property investments
>> Single-asset investing
>> Multiasset investment analysis
>> Matching investor profile to real
estate investment
>> Financing real estate deals
>> Structuring real estate deals—an
investor’s perspective
CERTIFICATE IN REAL ESTATE
DEVELOPMENT
Delve into all aspects of the real estate
development process, and gain a
comprehensive understanding of the phases,
issues, and complexities that come into play
in the development of real estate—from
inception to disposition.
Learn how to:
>> Identify the phases of real
estate development
>> Apply market analysis and site selection
techniques to a project
Monday–Thursday, 9 a.m.–4.30 p.m.,
Mar. 30–Apr. 2.
>> Real estate private equity investing
SUMMER 2015
>> Institutional investors and real estate
>> Analyze the legal and regulatory
environment of a project
FACULTY
>> Capitalize on available entitlements and
public-private partnership opportunities
Sec. 1: Monday–Thursday, 9 a.m.–4.30 p.m.,
June 15–18.
>> Private equity investor returns
Sec. 2: Monday–Thursday, 9 a.m.–4.30 p.m.,
July 20–23.
>> Stanley Gniazdowski, CRE, CCIM, FRICS,
President, Realty Concepts, Inc.
This four-day intensive course applies the
concepts learned in the previous real estate
finance and investment intensive courses to
specific real estate transactional situations.
Through hands-on exercises and a sequence
of increasingly complex case studies, gain the
opportunity to practice your newly acquired
skills and to think critically about the real
estate investment deals that are presented.
Learn to analyze a single-asset real estate
transaction, followed by matching multiasset
deals with investor objectives. Also, explore
the dynamics of private equity-funded real
estate transactions and related investor
considerations.
PROGRAM NOTES
It is recommended that students register at
least one week prior to the start of the course
in order to leave adequate time to obtain and
review the case studies. Students are expected
to review these cases before the first session.
Students will have access to a computer lab to
perform any quantitative analysis.
This program counts as one elective course
toward the Certificate in Real Estate
Finance and Investment. For information
on certificate requirements, please see
Certificate Candidacy on page 16. For those
seeking a letter grade for this course, the
final grade is based upon work completed
throughout the course. The course tuition
includes lunches, refreshments, and all
educational materials. It is expected that
students have completed The Business of
Real Estate: Finance and Investment and
Real Estate Investment Decision Analysis,
or have equivalent experience.
>> Create project development feasibility,
budget, and finance studies, and
identify options
>> Employ planning, design, and construction
management techniques to projects
>> Apply asset management strategies to
budget and operations
This certificate is awarded to students who
successfully complete the following intensive
courses: The Business of Real Estate: Finance
and Investment, Real Estate Development,
and Real Estate Asset Management. All
certificate program course requirements must
be completed with an overall average of B or
higher. Certificates will not be issued unless
an Application for Certificate Candidacy is
submitted. For details, see page 16. Requests
for course substitutions should be made to
scps.realestate@nyu.edu.
(212) 992-3336 | scps.realestate@nyu.edu | 7
THE BUSINESS OF REAL
ESTATE: FINANCE AND
INVESTMENT
REFI1-CE9630 | $2,195
FALL 2014
Monday–Friday, 9 a.m.–4.30 p.m., Oct. 13–17.
SPRING 2015
Monday–Friday, 9 a.m.–4.30 p.m., Mar. 16–20.
SUMMER 2015
Sec. 1: Monday–Friday, 9 a.m.–4.30 p.m.,
June 1–5.
Sec. 2: Monday–Friday, 9 a.m.–4.30 p.m.,
June 22–26.
Sec. 3: Monday–Friday, 9 a.m.–4.30 p.m.,
July 6–10.
This intensive, one-week course provides
a solid foundation for understanding the
high-stakes business of commercial real
estate. Through exposure to real-world
applications, develop an understanding of
the essential concepts and underpinnings of
commercial real estate finance, investment,
and asset valuation.
AREAS COVERED
>> The nature of real estate and real
estate markets
>> Real estate valuation concepts
and techniques
>> Time value of money and
mortgage calculations
>> Property-level income statement and
pro forma analysis
>> Capitalization rates and
direct capitalization
>> Discounted cash flow analysis and
yield capitalization
>> Investment analysis and analyzing the deal
PROGRAM NOTES
FACULTY
AREAS COVERED
This program counts as one course toward
the Certificate in Real Estate Finance and
Investment or the Certificate in Real Estate
Development. For information on certificate
requirements, please see Certificate
Candidacy on page 16. For those seeking
a letter grade for this course, an exam is
administered on the final day of the class. The
course tuition includes lunches, refreshments,
and all educational materials. Students will
have access to a PC lab for the day when
real estate financial modeling using Excel
is covered.
>> Matthew Kasindorf, Partner and Chairman
of the Real Estate Group, Meister Seelig &
Fein LLP
>> The roles of the property, asset, and
portfolio managers
>> Patrice Derrington, Clinical Assistant
Professor, NYU School of Professional
Studies Schack Institute of Real Estate
>> Property operations and management
REAL ESTATE DEVELOPMENT
REDV1-CE9660 | $2,195
FALL 2014
Monday–Friday, 9 a.m.–4.30 p.m., Oct. 20–24.
SPRING 2015
Monday–Friday, 9 a.m.–4.30 p.m., Mar. 23–27.
SUMMER 2015
Monday–Friday, 9 a.m.–4.30 p.m., July 13–17.
Delve into all aspects of the real estate
development process, and gain a solid
understanding of the procedures, issues,
and complexities that come into play in the
development of real estate—from inception
to occupancy. Study the phases of real
estate development, and acquire essential
knowledge and skills. Case studies are used
throughout the program.
AREAS COVERED
>> Overview of the real estate
development process
>> Legal concepts and the
entitlement process
>> Market analysis and project site selection
>> The feasibility study
FACULTY
>> Hard- and soft-cost budget projection
>> Michael Grey, Owner, Piermont
Properties, Inc.
>> Structuring and raising equity, and the
capital stack
>> Edward Lombardo, Commercial Credit
Officer, Abacus Federal Savings Bank
>> Construction loan finance and the
draw package
>> Mark Mascia, President and CEO,
Mascia Development, LLC
>> Construction considerations for the owner
>> Robert Meulmeester, Principal,
Waksard Capital, LLC
8 | sps.nyu.edu/schackintensives
>> Michael Zampetti, Adjunct Assistant
Professor, NYU School of Professional
Studies Schack Institute of Real Estate
PROGRAM NOTES
This program counts as one course toward
the Certificate in Real Estate Development.
For information on certificate requirements,
please see Certificate Candidacy on page
16. For those seeking a letter grade for this
course, an exam is administered on the final
day of the class. The course tuition includes
lunches, refreshments, and all educational
materials. It is expected that students have
completed The Business of Real Estate:
Finance and Investment or have equivalent
experience. Students are encouraged to bring
a laptop as some concepts may be taught
using Excel.
REAL ESTATE ASSET
MANAGEMENT
REDV1-CE9670 | $2,195
FALL 2014
Monday–Friday, 9 a.m.–4.30 p.m., Oct. 27–31.
SPRING 2015
Monday–Friday, 9 a.m.–4.30 p.m.,
Mar. 30–Apr. 3.
SUMMER 2015
Monday–Friday, 9 a.m.–4.30 p.m., July 20–24.
Examine the techniques for increasing
the value of real estate assets under
management on behalf of ownership. Learn
the components of asset management
that directly affect the cash flow and
underlying value of a single asset or a
portfolio of assets. This one-week intensive
examines the decision-making process
from the property, asset, and portfolio
management perspectives.
>> Investor objectives and relations
>> Operating and capital budgets and
financial reporting
>> Commercial leases
>> Commercial real estate transactions
>> Acquisition and disposition within the
framework of due diligence
>> Portfolio management and risk and
diversification strategy
>> Buy/hold/sell decision analysis
>> Strategies and techniques for
creating value
>> Distressed commercial real estate
FACULTY
>> Edward LaGrassa, President, Chilton
Realty, Inc.
>> Ryan Severino, Senior Economist, Reis, Inc.
>> Philip Neuer, Executive Vice President and
General Counsel, Safer Textiles Group
>> Matthew Kasindorf, Partner and Chairman
of the Real Estate Group, Meister Seelig &
Fein LLP
>> Donald Sheets, Principal, Square Mile
Capital Management LLC
PROGRAM NOTES
This program counts as one course toward
the Certificate in Real Estate Development.
For information on certificate requirements,
please see Certificate Candidacy on page
16. For those seeking a letter grade for this
course, an exam is administered on the final
day of the class. The course tuition includes
lunches, refreshments, and all educational
materials. It is expected that students have
completed The Business of Real Estate:
Finance and Investment and Real Estate
Development, or have equivalent experience.
>> Vision, branding, and marketing strategies
(212) 992-3336 | scps.realestate@nyu.edu | 9
CERTIFICATE IN COMMERCIAL
PROPERTY MANAGEMENT
COMMERCIAL PROPERTY
MANAGEMENT
Effective management of building operations
is critical to bottom-line success in real estate
investment and ownership. This certificate
program delves into commercial property
management, covering topics ranging from
managing, budgeting, accounting, marketing,
and leasing to building systems, operations,
and maintenance.
REPM1-CE9655 | $1,295
SUMMER 2015
Wednesday–Friday, 9 a.m.–4.30 p.m.,
June 3–5.
This comprehensive three-day course
examines the role and responsibilities of
the commercial property manager. From
planning and standard operating policies to
financial operations and budgeting strategies,
the financial and administrative aspects of
managing an office building on behalf of the
investment property owner are the focus of
this course.
BUILDING SYSTEMS,
OPERATIONS,
AND MAINTENANCE
REPM1-CE9660 | $1,295
SUMMER 2015
Monday–Wednesday, 9 a.m.–4.30 p.m.,
June 22–24.
>> Environmental health and safety
>> Security and emergency management
>> Energy benchmarking, auditing,
and management
>> Energy and water conservation
and efficiency
>> Building retrofits and commissioning
This three-day intensive course examines
commercial building systems, maintenance,
and repair, including planning and managing
tenant improvement projects. The topics
covered are particularly useful for building
owners and managers who are seeking to
maximize building performance and the
value of the asset.
FACULTY
>> Staffing and team management
AREAS COVERED
AREAS COVERED
>> Market analysis, marketing, and leasing
>> Building types, uses, and classifications
>> Space planning and project management
>> Fee management and agency relationships
>> Building systems design, maintenance,
and repair
>> Lease administration and tenant retention
>> The management plan
>> Contract services
>> Building systems and maintenance
>> Management fiscal responsibilities
>> Heating, ventilation, and air conditioning
>> Security and emergency plans
>> Staffing and team management
>> Electrical distribution and lighting
This certificate is awarded to students who
successfully complete the following intensive
courses: Commercial Property Management;
Building Systems, Operations, and
Maintenance; and Commercial Real Estate
Lease Analysis.
>> Annual property operating statements
>> Plumbing and sprinklers
>> Cash flow and valuation
>> Fire protection systems
>> Budgeting, accounting, and reporting
>> Vertical transportation
This course counts as one course toward
the Certificate in Commercial Property
Management. For information on certificate
requirements, please see Certificate
Candidacy on page 16. For those seeking
a letter grade for this course, the final
grade is based upon an additional
assignment. The course tuition includes
lunches, refreshments, and all educational
materials. It is expected that students
have completed Commercial Property
Management or have equivalent experience.
All certificate program course requirements
must be completed with an overall average
of B or higher. Certificates will not be issued
unless an Application of Certificate Candidacy
is submitted. For details, see page 16.
Requests for course substitutions should
be made to scps.realestate@nyu.edu.
>> Lease administration and tenant retention
Deepen your understanding of:
>> Building assessment
>> The management agreement
>> Management fiscal responsibilities
>> Management planning and operations
>> Anthony Vetrano, Adjunct Assistant
Professor, NYU School of Professional
Studies Schack Institute of Real Estate
>> Edward Donnelly, Director,
Rose Associates
PROGRAM NOTES
>> Market analysis and rents
>> Marketing and leasing plans
>> Risk management, security, and
emergency management
FACULTY
>> George Tockstein, Real Estate
Asset Manager
PROGRAM NOTES
This course counts as one course toward
the Certificate in Commercial Property
Management. For information on certificate
requirements, please see Certificate Candidacy
on page 16. For those seeking a letter grade
for this course, the final grade is based
upon an additional assignment. The course
tuition includes lunches, refreshments, and all
educational materials.
10 | sps.nyu.edu/schackintensives
(212) 992-3336 | scps.realestate@nyu.edu | 11
COMMERCIAL REAL ESTATE
LEASE ANALYSIS
REDV1-CE9675 | $1,295
SUMMER 2015
Monday–Wednesday, 9 a.m.–4.30 p.m.,
July 27–29.
This three-day intensive course provides a
comprehensive look at commercial real estate
leasing strategies for landlords and tenants
and the impact of these leasing decisions or
characteristics on lease value. Topics covered
include lease types, purpose, components,
and financial analysis. Case studies are used
throughout the course. This asset-based
course is particularly useful for building
owners and developers; corporate real estate
professionals; and asset, property, and facility
managers who seek to maximize asset value.
AREAS COVERED
CERTIFICATE IN
CONSTRUCTION
PROJECT MANAGEMENT
Learn how to manage a construction
project in a timely and cost-effective
manner. This highly popular credential is
recognized by the construction industry for
its comprehensiveness and relevance, as well
as its role in professionalizing the industry.
Gain an in-depth understanding of:
>> Project management principles
and techniques
>> Project leadership and communication
>> Contracting strategies and project
delivery methods
>> Preconstruction services
>> Scope review
>> Site investigation and logistics planning
>> Risk and its impact on leases
>> Estimating, budgeting, and scheduling
>> Opportunity cost versus cost of capital
>> Value engineering
>> Leasehold and leased fee interests
>> Bidding and award procedures
>> Establishing lease rates and
market analysis
>> Change orders
>> Economic base analysis, location theory,
linkages, and demand factors
>> Contracts, liability, and dispute resolution
>> Field management
PRINCIPLES OF PROJECT
MANAGEMENT FOR
CONSTRUCTION
PROFESSIONALS
COPM1-CE9649 | $1,295
FALL 2014
AREAS COVERED
>> The project management processes
>> The 10 knowledge areas—Project
Management Institute (PMI) Standard
(PMBOK® Fifth Edition, 2013)
>> Challenges for project success; the popular
triple constraint model
Wednesday–Friday, 9 a.m.–4.30 p.m.,
Oct. 1–3.
>> Estimating techniques
SUMMER 2015
>> Key cost concepts, including sunk costs
and opportunity costs
Wednesday–Friday, 9 a.m.–4.30 p.m.,
June 3–5.
This intensive, three-day course is designed
to provide construction project managers
with a solid foundation for understanding the
theories, tools, and techniques of successful
project management. This course presents
a globally recognized framework and an
arsenal of best practices for completing
projects on time, on budget, and within scope.
Additionally, learn to effectively communicate
with core teams, stakeholders, and sponsors
in both colocated and virtual environments.
The content provided in this course is
applicable to any industry, any project,
and any project manager.
>> Critical path method for schedule control
>> Contingency planning
>> Earned value method for cost control
>> Key project artifacts
>> Examples from MS Project
>> The PMI Code of Ethics and Professional
Conduct
>> Leadership
>> Motivational techniques
>> Project communication/negotiation skills
>> Financing decisions
>> Principles of valuation
>> Introduction to corporate transactions
>> Risk management
>> Office space measurement
>> Financial, cost control, and earned
value analysis
>> Lease components, types, and expenses
>> Safety management
FACULTY
>> Impact of construction on leasing
>> Insurance and bonds
>> Tenant improvements
>> Quality control
>> Jeff Furman, PMP®, Project Manager,
Author
>> Lease comparison analysis
>> Ground and land leases
>> Risk analysis, including identification
and mitigation
>> Lease value determination
>> Project closeout
PROGRAM NOTES
This certificate is awarded to students who
successfully complete the following intensive
courses: Principles of Project Management
for Construction Professionals, Construction
Project Management, and Construction
Risk Management.
This program counts as one course toward
the Certificate in Construction Project
Management. For information on certificate
requirements, please see Certificate
Candidacy on page 16. For those seeking
a letter grade for this course, an exam is
administered on the final day of the class. The
course tuition includes lunches, refreshments,
and all educational materials.
FACULTY
>> Stanley Gniazdowski, CRE, CCIM, FRICS,
President, Realty Concepts, Inc.
PROGRAM NOTES
This program counts as one required course
toward the Certificate in Commercial Property
Management or one elective toward the
Certificate in Real Estate Development. For
information on certificate requirements,
please see Certificate Candidacy on page
16. For those seeking a letter grade for
this course, additional course work will be
assigned. The course tuition includes lunches,
refreshments, and all educational materials.
12 | sps.nyu.edu/schackintensives
All certificate program course requirements
must be completed with an overall average
of B or higher. Certificates will not be
issued unless an Application for Certificate
Candidacy is submitted. For details, see page
16. Requests for course substitutions should
be made to scps.realestate@nyu.edu.
>> Tools of quality
>> Thomas Grassi, Program Manager, The Port
Authority of New York & New Jersey
(212) 992-3336 | scps.realestate@nyu.edu | 13
CONSTRUCTION PROJECT
MANAGEMENT
>> Value engineering and constructability
>> Scheduling
CONSTRUCTION RISK
MANAGEMENT
COPM1-CE9650 | $1,995
>> Budgeting, estimating, and bid‑leveling
COPM1-CE9651 | $1,995
FALL 2014
>> Project execution and field management
Monday–Friday, 9 a.m.–4.30 p.m., Oct. 20–24.
>> Change orders
SUMMER 2015
>> Project closeout, commissioning,
and warranties
Monday–Friday, 9 a.m.–4.30 p.m., June 8–12.
This intensive, one-week program provides
a practical, in-depth orientation to the mix
of management and engineering concepts
and practices applied during the life cycle
of a construction project. Through lectures
and instructor-led, hands-on class exercises,
gain practical knowledge of the roles and
responsibilities of the project stakeholders,
the construction process, and the
management procedures and practices used
in the construction industry.
FACULTY
>> Patricia Lancaster, Clinical Professor,
NYU School of Professional Studies
Schack Institute of Real Estate
>> Richard Lambeck, PE, Chair, NYU School
of Professional Studies Schack Graduate
Construction Management Program
>> Randy Apfelbaum, Senior Vice President,
Jones Lang LaSalle Americas, Inc.
>> Michael D. Ross, Principal, MDR Consulting
AREAS COVERED
PROGRAM NOTES
>> Overview of the construction industry
This program counts as one course toward
the Certificate in Construction Project
Management. For information on certificate
requirements, please see Certificate
Candidacy on page 16. For those seeking
a letter grade for this course, an exam
is administered on the final day of the
class. The course tuition includes lunches,
refreshments, and all educational materials.
It is expected that students have completed
Principles of Project Management for
Construction Professionals.
>> Project life cycle
>> Project teams and organizational structure
>> Regulatory topics, including building
codes and permits
>> Contracting strategies and
delivery methods
>> Bidding and contract award procedures
>> Site investigation and logistical plans
FALL 2014
Monday–Friday, 9 a.m.–4.30 p.m., Oct. 27–31.
SUMMER 2015
Monday–Friday, 9 a.m.–4.30 p.m., June 15–19.
Risk management—a structured approach to
identifying, analyzing, and mitigating potential
exposures, costly delays, and disruptions—is a
vital part of managing a construction project.
This intensive, one-week course identifies the
key risks inherent in construction projects and
provides practical tools and techniques to
successfully manage these risks.
AREAS COVERED
>> Standard construction contracts, forms,
and clauses
>> Contract negotiation
>> Indemnification
>> Dispute resolution, including mediation,
arbitration, and litigation
>> Time and delay issues
>> Liquidated damages, default, and payment
and mechanic’s liens
>> Cost control and earned value analysis
>> Change orders and claims
>> Substantial completion and
final completion
>> Insurance and bonding
>> Site safety management
>> Risk analysis and management
>> Quality assurance and control
FACULTY
>> Patricia Lancaster, Clinical Professor,
NYU School of Professional Studies
Schack Institute of Real Estate
>> Richard Lambeck, PE, Chair, NYU School
of Professional Studies Schack Graduate
Construction Management Program
>> Neal Eiseman, Esq., Goetz Fitzpatrick LLP
PROGRAM NOTES
This program counts as one course toward
the Certificate in Construction Project
Management. For information on certificate
requirements, please see Certificate
Candidacy on page 16. For those seeking
a letter grade for this course, an exam is
administered on the final day of the class. The
course tuition includes lunches, refreshments,
and all education materials. It is expected
that students have completed Principles
of Project Management for Construction
Professionals and Construction Project
Management, or have equivalent experience.
>> Christopher Rands, Manager, Construction
and Real Estate Advisory, Ernst &
Young, LLP
>> Philip Taylor, Manager, The Port Authority
of New York & New Jersey
>> Leonard Geraci, Vice President, AIG
14 | sps.nyu.edu/schackintensives
(212) 992-3336 | scps.realestate@nyu.edu | 15
GENERAL INFORMATION
REGISTRATION
You may register directly for these professional
development programs by using any of the
methods outlined below.
Registration and full payment must be sent to
NYU according to the following instructions.
Confirmation of your registration will be
mailed to you. Please note that enrollment is
limited for these programs; early registration
is advised to ensure your place and timely
receipt of course information.
TO REGISTER ONLINE:
Visit sps.nyu.edu/registration. Credit card
payment is required.
TO REGISTER BY MAIL: Return the Continuing
Education Registration Form, which can be
downloaded at sps.nyu.edu/registration, with
a check or a money order made payable to
New York University for the full amount of the
tuition and fees for the program(s) you plan
to take. Credit card information cannot be
accepted by mail. Mailed registrations must
be postmarked at least two weeks prior to the
program start date.
TO REGISTER BY PHONE: Call (212) 998–7150.
Have all of the information requested on
the Registration Form ready to give to
the operator, as well as complete credit
card information.
REGISTRATION DATES
Fall 2014 registration begins July 7, 2014.
Spring 2015 registration begins
November 3, 2014.
Summer 2015 registration begins
March 16, 2015.
TUITION
Course tuition for intensive courses
is listed after each course title in the
course description. Course tuition fees
include lunches, refreshments, and all
educational materials.
REGISTRATION FEES
The registration fee is $20, which is payable
only once each semester, no matter how many
times you add courses. Registration fees are
nonrefundable.
CONTINUING EDUCATION
REGISTRATION QUESTIONS?
Call: (212) 998-7150 E-mail: scpsinfo@nyu.edu
WITHDRAWALS AND REFUNDS
Requests to withdraw (drops only) from
noncredit courses can be made any time at
sps.nyu.edu/drop; up until one day before
16 | sps.nyu.edu/schackintensives
the course start date via ALBERT, the NYU
student information services website; by mail,
Office of Noncredit Student Services, NYU
School of Professional Studies, P.O. Box 1206,
Stuyvesant Station, New York, NY 10009-9988;
or in person, 7 East 12th Street, Room 133,
New York, NY 10003. The noncredit refund
schedule is as follows: 100 percent of the base
rate for withdrawal before the first class day;
60 percent of the base rate for withdrawal
before the start of the third day; after the start
of the third day, no refund is granted. Fees and
deposits are not refundable.
FINANCIAL AID
There is no financial aid available for Schack
Intensive Programs. If you require financial
assistance, contact your local bank for any
private loans you may need. Private loan
information also is available through the NYU
Financial Aid Office at (212) 998–4444 or at
nyu.edu/financial.aid.
CERTIFICATE CANDIDACY
To receive an official certificate, students must
declare their candidacy. To apply for certificate
candidacy, visit sps.nyu.edu/certificate.
There is a nonrefundable one-time $100
application fee.
Students are welcome to take as many
individual courses from a certificate program
as they wish, but they will not receive an
official certificate or be eligible for the benefits
detailed at sps.nyu.edu/certificate unless they
apply for candidacy. Undeclared students
may request a transcript showing course
completion and grades, but that transcript
will not indicate certificate completion.
All courses to be applied to a given certificate
must be completed with weighted grades
(A, B, or C). Courses taken at the NYU School
of Professional Studies may be applied to
fulfilling the requirements of only one certificate
program. All certificate program course
requirements must be completed with an overall
average of B or higher. To receive a certificate,
students who declared candidacy must
submit a request in writing or electronically at
sps.nyu.edu/certificate to the School’s Office
of Noncredit Student Services within one year
of program completion.
FOR MORE INFORMATION
AND ADVISEMENT
For up-to-date information on all Schack
Intensive Programs, call (212) 992-3336 or
visit sps.nyu.edu/schackintensives.