From Design to Development - An Analysis of the Go/No-Go Decision-Making Models Used in Istanbul, Turkey

Isilay Civan

ISBN 10: 3836436469 / ISBN 13: 9783836436465

Published by VDM Verlag Dr. Mueller e.K. 2008-02-06, 2008

About this Item

Seller Inventory # 6666-IUK-9783836436465

Bibliographic Details

• Title: From Design to Development - An Analysis of the Go/No-Go Decision-Making Models Used in Istanbul, Turkey
• Publisher: VDM Verlag Dr. Mueller e.K. 2008-02-06
• Publication Date: 2008
• Language: English
• ISBN 10: 3836436469
• ISBN 13: 9783836436465
• Binding: Paperback
• Condition: New

About this title

Synopsis

Real estate development involves many complex, dynamic, and uncertain elements. In the pre-development stage, greater uncertainties result from the fact that the space being considered has not yet been created. Considering both the inherent characteristics of the real estate and the inefficiency of the market it operates, any aid in the investment decision process is believed to add to the quality of the end product. Consequently, most, if not all, of the development companies make office development decisions using some kind of a procedure in this stage. However low occupancy rates and long payback periods that is being faced, even by the most recently completed Class A office projects in Turkey, show that there are serious deficiencies in these applied procedures and that they lack the necessary components of project feasibility analysis. That's why the purpose of this book is to explore and identify the deficiencies of the decision-making models currently used by Turkish real estate development companies in the pre-development stage of office development projects and to recommend necessary additions and/or deletions for the enhancement of these company models. This work targets the primary decision-makers of the office developments, including both the national and international investors and developers.

About the Author

Isilay Civan has two Ph.D. degrees, one in Real Estate Development from Texas A&M University and the other in Facilities Management from Istanbul Technical University (ITU). She has a masters degree in Construction Project Management, and a bachelor's degree in Architecture from ITU. Dr. Civan is a Facility Consultant with HOK's Advance Strategies group in Dallas, TX.