In this course, learn the critical skills needed to effectively manage a commercial or residential capital improvement project, to maximize financial returns and building operations while limiting risk. The project life cycle will be explored: conception, initiation, design, permitting, construction, and closeout. The focus will be on the ownership interest, effective communications, and goal setting and achievement.

Topics to be covered: tenant allowance lease provisions, renovation, and new construction; financial forecasts and budgeting; funding options, feasibility studies, and material standards; legal and regulatory issues; evaluation and hiring of consultants; design development; contract documents; engineering; procurement and bidding; scheduling; furniture and construction management; move-in procedures and administrative and financial closeout; mechanics liens, etc.

Projects to be covered: tenant fitout programs; asset upgrades; lobby, public space, and façade renovations; capital improvement programs; exterior roofing and windows; mechanical/electrical/plumbing (MEP) obsolescence and resiliency analysis and resulting projects; and energy initiative projects including rebate programs and payback analysis.


For general information about this course, please call 212-992-3336 or email sps.realestate@nyu.edu.

If you are registered for an online course and are not able to access/view your course in Brightspace, please note the following:

• It may take at least 24 hours from the time you registered for your information to be transferred into Brightspace.
• New students registering two days or LESS before the start date of the course may experience delayed access.

For additional technical support, contact the IT Service Desk (available 24/7/365) at 212-998-3333 or AskITS@nyu.edu.
Continuing Education Units (CEU) : 3

You'll walk away with

• The ability to manage construction projects from a property management standpoint
• Knowledge of how to administer the tenant improvement process inclusive of funding
• Familiarity with energy rebates for capital improvement projects and payback analysis
• The ability to control a project to protect the best interests of the physical building and its operations

Ideal for

• Property managers
• Professionals involved in tenant improvement and building renovation projects