When you hear the term “real estate,” the first thoughts that come to mind are likely residential: buying or selling a home or renting apartments. However, the process we see is just one small part of a bigger picture. Any real estate development, residential or commercial, has immediate and long term effects on the surrounding area. This project aims to evaluate the complex real estate process and its connection to economic development in an urban environment. The negotiation and execution of any real estate deal starts with loans and market predictions. It continues with consideration of public response, local government requirements, and legal obligations. Other factors may include the demographics and property valuations of the surrounding area. Successful real estate investment is closely tied to future economic development, indicators of which are increases in property value and income. My project will be completed at Churchill Commercial Capital, a local mortgage broker, following them as they work through commercial real estate deals from creation of initial loan request to final closing of a deal. This analysis will assess the economic impact of real estate investment in an area, and the extent to which property value and income serve as effective indicators.