As the scope of client needs change, and a global economy demands greater innovation, increased technology, and more sophisticated solutions, REAL ESTATE DEVELOPMENT AND INVESTMENT HAS BECOME ONE OF THE WORLD’S FASTEST EVOLVING FIELDS. From shopping malls, hotels, and warehouses to data centers and office buildings, functional obsolescence – or the decrease in a property’s desirability or functionality due to outdated design – is changing the way the industry addresses its future. The field now requires a multi-disciplinary approach to education bringing together the expertise of design, construction, finance, marketing, accounting, and other disciplines. Drawing on the strengths of its Harbert College of Business and College of Architecture, Design and Construction, Auburn University is now poised to help the industry meet the demand for expanded real estate education, innovative research, and continuing education for industry professionals through the creation of a new Institute for Real Estate Development.
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