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Master of Science in Architecture

Focus your studies on Real Estate Development

Students present their proposals for a mixed-use development in downtown Buffalo during the final review of their capstone course. The interdisciplinary studio places students on a real project, with a real client, in real time. 

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The Master of Science in Architecture program allows for the focused study of real estate development. Courses in this focus area closely engage the resurgent City of Buffalo, a vibrant laboratory for applied study in proximity to global financial and employment centers in New York, Boston and Toronto. The MS in Architecture's real estate development courses also feature first-hand instruction from experienced developers and real estate professionals.

UB’s new real estate development graduate specialization in the School of Architecture and Planning, has made its mark on the national stage. Two student teams earned second and seventh place finishes in an intercollegiate real estate competition that drew entries from top real estate programs across the U.S.

Students will explore complex trends in this rapidly evolving industry, including place-making and urban design, mixed-income housing and community development, suburban transformation, energy innovation, sustainable development and the effects of technological changes in the workplace. Courses are highly multidisciplinary, spanning architecture and design, planning and public policy, financial analysis and modeling, market analysis, construction management, building technologies, and structuring deals and transactions. Elective courses allow students to dive deeper into topics such as historic preservation, inclusive design or real estate entrepreneurship. The program's final capstone course organizes multidisciplinary student teams on a complex, semester-long project involving a real site, for a real client, in real time.

Launched last fall to meet the needs of a growing and increasingly complex profession, the new course of study in the School of Architecture and Planning features a highly practice-based curriculum brought to life by Buffalo’s building boom and first-hand instruction from experienced developers and real estate professionals.

Students in the MS in Architecture program will build a network of relationships with industry executives through faculty networks, field visits, guest speakers and paid and academic-credit internships. Institutions represented by faculty in the School of Architecture and Planning include Uniland Development, R&P Oak Hill Development, the Buffalo Urban Development Corporation, and CBRE. Field visits have included ongoing developments across the region as well as zoning appeals court and preservation and planning board meetings. Students are also closely involved with the regional chapter of the Urban Land Institute, an international association for the real estate and land use disciplines. 

What will you be studying?

SAMPLE CURRICULUM

Semester 1: Fall

END 500: Processes of Real Estate Development (4 credits)
END 525: Financing Development Projects 1
ARC 543: Construction Management
Elective
Elective

Semester Total: 16 credits

Semester 2: Spring

END 526: Financing Development Projects 2
ARC 581: Market Analysis
END 521: Technology Colloquium (1 credit)
END 504: Structuring Deals and Transactions
ARC 631:  Design for Development
Elective

Semester Total: 16 credits

Semester 3: Fall

END 593: Capstone (7 credits)
ARC 544: Building Technology\
ARC 646: City and Environment in Real Estate Development
Elective

Semester Total: 16 credits

PROGRAM TOTAL: 48 CREDITS

All courses 3 credits unless otherwise indicated

 

Revised June 13, 2016

Cost of study

The University at Buffalo is the only institution in the SUNY system to offer graduate-level options in real estate development. Make a smart investment in your future – pursue an MS in Architectecture with a focus on real estate development at UB. 

Full-Time per Semester

  Domestic In-State Domestic out-of-State International
Tuition  $5,435.00  $11,105.00  $11,105.00
Comprehensive Fee  $987.00  $987.00  $987.00
Activity Fee  $64.00  $64.00  $64.00
Academic Excellence Fee  $187.50  $187.50  $187.50
International Student Fee  $-    $-    $100.00
SA&P Fee  $237.00  $237.00  $237.00
Total  $6910.50  $12,580.50  $12,680.50

Further details are available at: http://studentaccounts.buffalo.edu/tuition/fall.php
Note: tuition and fees are subject to change at any time.

Updated: Jan 2017

Part-Time per Semester

  Domestic In-State Domestic out-of-State International
Tuition (per credit up to 11)  $453.00  $925.00  $925.00
Comprehensive Fee (per credit up to 11)  $81.83  $81.83  $81.83
Academic Excellence Fee (per credit up to 11)  $15.63  $15.63  $15.63
Activity Fee (per semester)  $64.00  $64.00  $64.00
International Student Fee (per semester)  $  -    $  -    $100.00
SA&P Fee (per semester)  $237.00  $237.00  $237.00

Further details are available at: http://studentaccounts.buffalo.edu/tuition/fall.php
Note: tuition and fees are subject to change at any time.

Updated: Jan 2017

Scholarship Opportunities

The School of Architecture and Planning - in partnership with the university, our alumni, faculty and staff and philanthropic supporters - provides a range of scholarship opportunities to our graduate students.

We are proud to announce the inauguration in 2016 of a dedicated scholarship to be awarded each year to an incoming full-time student who will be pursuing an MS-Architecture with studies in Real Estate Development.  In the sum of $4,000, the award represents the generosity of the Western New York chapter of the NYSCAR, the New York State Commercial Association of Realtors, and the dedication of its members to the education of the future leaders of the real estate development industry.  Recipients have to use the scholarship toward their studies in the Real Estate Development  program.  The WNY NYSCAR Real Estate Development Scholar for the next academic year will be announced each spring.

A number of other competitive local and national scholarships are also open to the aspiring real estate professional:

Appraisal Institute Education Trust -- The Appraisal Institute Education Trust awards several types of scholarships annually, including scholarships for graduate real estate students. The award for graduate real estate study is $2,000. 

http://www.aiedtrust.org/pages.asp?id=5

CREW Network -- The CREW (Commercial Real Estate Women) Network and its scholarship program partners GBWM Initiative, CBRE, Prudential Real Estate Investors and Wells Fargo, awards ten (10) $5,000 scholarships each year to women who are enrolled full-time in a real estate program with the intent to pursue a career in commercial real estate.

https://www.crewnetwork.org/scholarship.aspx

Institute of Real Estate Management – The IREM Foundation offers the George M. Brooker Collegiate Scholarship for Minorities, which is intended to assist minority students, on the basis of academic excellence, who are committed to a career in real estate management after graduation. Graduate school awards are up to $5,000.

http://www.irem.org/about-irem/irem-foundation/irem-foundation-george-m-brooker-cpm-diversity-collegiate-scholarship

International Council of Shopping Centers – The ICSC Foundation offers two (2) Charles Grossman Graduate Scholarships per year. The awards are in the amount of $10,000, and are available to graduate students who are ICSC members and have a stated preference for a career in retail real estate.

http://www.icsc.org/foundation/scholarships/academic-scholarships/charles-grossman-graduate-scholarship/

Pension Real Estate Association -- PREA awards scholarships to students studying real estate (with an apparent primary emphasis on finance) at the graduate school level. Average awards are $2,000. 

http://www.prea.org/awards/scholarship-programs/

Western New York (WNY) Prosperity Fellowship

The Prosperity Fellowship program is dedicated to supporting promising UB students who are committed to contributing to the economic viability of the WNY Region. The program provides Prosperity Fellows with professional development opportunities, as well as resources and access to WNY business leaders and the community.  This fellowship program assists graduate students in the School of Architecture and Planning who are actively preparing for careers that further economic development and growth, especially in the WNY region.  Up to $25,000 in scholarship and internship support for an academic year will be awarded to each Fellow based on demonstrated financial need. 

http://academies.buffalo.edu/wnyprosperity/

WX -- WX is an organization of New York Women Executives in Real Estate. Its scholarship program is designed to encourage and support women in their pursuit of careers in real estate in the NYC metro area.  Average awards appear to be $4,000-$5,000.

http://wxnyre.com/scholarship

Meet our faculty

Some of our instructors are industry professionals with long experience in real estate development and a love of teaching.  Others are academic faculty members  devoted to exploring architecture and planning for urban development.  Together, they provide wide-ranging, innovative education for the industry’s direct needs and for its roles in urban affairs.

1/23/17
Mr. Dewart is the President of Seneca Development & Management Corporation and has been actively involved in real estate development and management since 1968.  His firm has been responsible for the development, construction and ownership of light-manufacturing and distribution warehouse facilities throughout Western New York.  In the 1980’s, Alan’s company spearheaded the redevelopment of Buffalo’s Theatre District. He also serves as a consultant in many aspects of real estate development.
8/3/16
Mr. Fitzmaurice’s 30 plus years of experience in property management has exposed him to virtually every facet of the field. He has extensive experience in operations, energy management, ownership transitions, marketing and leasing, labor relations, project management, public relations, life safety and risk management. 
8/3/16
Mr. Foerster is highly experienced both as a commercial real estate executive and as a faculty member in real estate development.  He has served as the Olson Real Estate Field Faculty Fellow and a full-time member of the real estate faculty in the Baker Program in Real Estate at Cornell University, where he taught core courses in our field and conducted outreach to the industry.
6/1/16
Associate Professor Hiroaki Hata holds a post-professional degree in urban design from Harvard University and a Master of Architecture degree from Washington University.
8/3/16
Mr. Hogan is Construction Executive and one of the owners of R&P Oak Hill Development, LLC, a construction management and general contracting firm that has built over $500 million in projects in Western New York over the last decade.  
8/3/16
Ms. Kane is the Real Estate Development Manager for Uniland Development Company, a leading builder, developer, and manager of commercial real estate in Western New York. 
8/3/16
Mr. LiPuma is the Managing Director of CBRE-Buffalo, a full service commercial real estate service provider. CBRE is the world’s largest provider of commercial real estate services. Prior to the association with CBRE-Buffalo, LiPuma was a principal with Comvest Consulting, Inc., a Western New York commercial real estate firm established in 1981.
12/7/16
Marguerite is Director of Acquisitions at Hamister Group, LLC where she is responsible for processes related to identifying and transacting real estate investments and dispositions.
8/3/16
Mr. Price, associate professor of urban and regional planning at UB, teaches and conducts research on housing and urban development finance, among other topics.  His consulting work spans investigation into site intensification schemes, creative financing mechanisms, approaches to brownfield redevelopment, and policy issues related to housing affordability. 
6/1/16
Nicholas B. Rajkovich, PhD, AIA is an Assistant Professor at the University at Buffalo. His research investigates the intersection of energy efficiency, renewable energy, and adaptation to climate change.
9/8/16

Mr. Sanders' work has ranged from individual and batch production furniture to residential and large scale commercial projects, and has been recognized with a variety of awards including an AIA National Honor Award for Interior Architecture, an AIA/NYC Honor Award for Interior Architecture, and an Architectural Record Annual Record House Award.

8/3/16
With 35 years of diversified experience in urban development, Mr. Stebbins is the Vice President of Buffalo Urban Development Corporation (BUDC).
8/3/16
Mr. Sternberg is Director of the MS Architecture: Real Estate Development Program.  He is a professor of urban and regional planning at UB and also serves as chair of that program.   He has particular interests in the roles of real estate development in local economies, and the relationship between public and private development.  
10/26/16
A graduate of The University of Detroit School of Architecture in 1976, He was in Private practice for over 30 years.

Meet our professional advisors

Members of our Real Estate Development Advisory Committee review our  curricula and advise in our courses to ensure we are keeping up with a changing industry.  They also help us prepare for the future expansion of our program, provide mentoring to students,  serve as guest lecturers, and sometimes offer their projects as cases  for instruction.  Students have the opportunity to meet many of them during the course of their studies.

8/3/16
Mr. Chiazza has been in the real estate development business since 1982. Since 2007, he has been project partner and Executive Vice President of Iskalo Development Corp., a full service, commercial real estate development company headquartered in Williamsville, NY.
1/23/17
Mr. Dewart is the President of Seneca Development & Management Corporation and has been actively involved in real estate development and management since 1968.  His firm has been responsible for the development, construction and ownership of light-manufacturing and distribution warehouse facilities throughout Western New York.  In the 1980’s, Alan’s company spearheaded the redevelopment of Buffalo’s Theatre District. He also serves as a consultant in many aspects of real estate development.
8/3/16
Mr. Fitzmaurice’s 30 plus years of experience in property management has exposed him to virtually every facet of the field. He has extensive experience in operations, energy management, ownership transitions, marketing and leasing, labor relations, project management, public relations, life safety and risk management. 
8/3/16
Mr. Foerster is highly experienced both as a commercial real estate executive and as a faculty member in real estate development.  He has served as the Olson Real Estate Field Faculty Fellow and a full-time member of the real estate faculty in the Baker Program in Real Estate at Cornell University, where he taught core courses in our field and conducted outreach to the industry.
8/3/16
Mr. Hogan is Construction Executive and one of the owners of R&P Oak Hill Development, LLC, a construction management and general contracting firm that has built over $500 million in projects in Western New York over the last decade.  
8/3/16
Ms. Kane is the Real Estate Development Manager for Uniland Development Company, a leading builder, developer, and manager of commercial real estate in Western New York. 
8/3/16
Mr. LiPuma is the Managing Director of CBRE-Buffalo, a full service commercial real estate service provider. CBRE is the world’s largest provider of commercial real estate services. Prior to the association with CBRE-Buffalo, LiPuma was a principal with Comvest Consulting, Inc., a Western New York commercial real estate firm established in 1981.
12/7/16
Marguerite is Director of Acquisitions at Hamister Group, LLC where she is responsible for processes related to identifying and transacting real estate investments and dispositions.
8/3/16
Mr. Penman is Executive Vice President and Principal of Ciminelli Real Estate Corporation in Williamsville, New York.  In this position, he is responsible for new investment opportunities as well as for coordinating financial aspects of current construction and development endeavors. 
8/3/16
Ms. Powell is a principal owner and President of the Casilio group of companies. She oversees the Williamsville, New York-based company’s regional and national commercial real estate and construction activities.
8/3/16
Mr. Price, associate professor of urban and regional planning at UB, teaches and conducts research on housing and urban development finance, among other topics.  His consulting work spans investigation into site intensification schemes, creative financing mechanisms, approaches to brownfield redevelopment, and policy issues related to housing affordability. 
8/3/16
Mr. Savarino serves as President and Chief Executive Officer of Savarino Companies. Since it was formed in January of 2001, it has grown to be one of Western New York's leading general contracting, construction management and development firms.  
8/3/16
As Director of Capital Markets Group at Uniland, Mr. Sayadoff is responsible for the financing of Uniland’s commercial development projects as well as funding the company’s various capital requirements relating to acquisition of property. 
8/3/16
Mr. Schneider heads both Schneider Design, Architects, PC, which focuses on  educational and religious architecture and adaptive reuse of historic structures and Schneider Development, LLC, a property development company targeting the adaptive reuse of vacant and derelict buildings in Buffalo’s downtown core.
8/3/16
In 2009, Mr. Sinatra founded a real estate investment firm focused on the Western New York and Southern California areas called Sinatra & Company Real Estate. The entrepreneurial company invests in distressed multi-family and retail real estate.
8/3/16
With 35 years of diversified experience in urban development, Mr. Stebbins is the Vice President of Buffalo Urban Development Corporation (BUDC).
8/3/16
Mr. Weiss is one of the founding partners of Cannon Heyman & Weiss, LLP, a boutique law firm located in Albany, NY and Buffalo, NY.  
1/23/17
Ms. Yalamanchili is an attorney and the leader of Hodgson Russ LLP's Real Estate, Finance & Bankruptcy Practice Area. She has extensive experience in business and commercial real estate development, commercial leasing, and real estate investment and financing. 

Internship Opportunities

As an important part of getting a well-rounded real estate development education, we encourage our students to pursue internships during their course of study with us.  Students may apply for a one-time approval to get up to 3-credit hours for internship work done during a semester, and are encouraged to pursue full-time internships for the summer between their first and second year of study.  Our faculty and professional advisers have significant industry relationships, and make special efforts to assist students in obtaining internships.  As a result, our students have had an excellent record of success in the job market.  For the summer of 2016, three of our graduate students continued full-time work with a pre-existing employer, including a development firm and corporate property manager.  One of our students continued to pursue private real estate entrepreneurship through a firm that she owns.   In addition, all of our other students obtained internships with the following leading organizations:

  • Buffalo Urban Development Corporation (Buffalo, NY)
  • Ciminelli Real Estate Corp. (Buffalo, NY)
  • Corning Incorporated (Corning, NY)
  • Durst Organization (New York, NY)
  • GAR Associates (Amherst, NY)
  • Hamister Group (Buffalo, NY)
  • Largo Real Estate Advisors (Buffalo, NY)
  • Priam Enterprises (Buffalo, NY)
  • TM Montante Development (Buffalo, NY)
  • Uniland (Amherst, NY)

We are proud of our students’ impressive start in the professional world of real estate development.  As we move forward, we have relationships with numerous UB alumni in real estate industry leadership positions, in cities such as New York City, Boston, Chicago, Philadelphia and San Francisco, who will be instrumental in expanding the geographical reach and impact of our program.       

Career resources in real estate development

Resources on Careers in Real Estate

15 Major Buffalo Real Estate Developers (Buffalo News): Property development companies in the Buffalo area, with CEO names and capsule .http://www.buffalonews.com/business/prospectus/the-big-guns-whos-who-among-buffalo-developers-20140126

CCIM Institute: A professional commercial real estate association, provides  a job search engine via Select Leaders.
https://ccim.selectleaders.com

NAIOP Commercial Real Estate Development Association: Career center with job opportunities and career tips.
http://www.naiop.org/

NAIOP Upstate Chapter: Upstate New York conferences, job listings, networking opportunities, and current events.
http://www.naiopupstateny.com/

Select Leaders: A job board and resource site for those looking for positions in the real estate industry.
https://www.selectleaders.com/

Simply Hired: Job Board provides keyword searches pertaining to real estate development in NYC and surrounding areas.
http://www.nycrealestatejobs.com/a/jobs/find-jobs

The Real Estate Roundtable: A guide to over a dozen real estate development trade associations, some with their own career information.
http://www.rer.org/About_Us/Partner_Associations.aspx

Urban Land Institute: Career Center has career news and Job Board of national real estate development opportunities.
http://uli.org/programs/career-center/

Stan Ross, The Inside Track to Careers in Real Estate, Urban Land Institute, 2006; a book that addresses careers in the real estate industry; will help the reader determine whether a career in real estate is the right choice, and reveals how to get started in the field.

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