A
piece of property which is pivotal to the success of a proposed
development.
For a commercial or office development,
the resident who attracts other residents or customers, such
as a major chain store in a mall or a law firm in an office
building. May gain favorable lease provisions as an incentive
to lease space.
Gratuitous payment made to a person
for a referral of business.
Additional compensation for a lender
or investor, the right to share in the income from the property
in addition to payments of principal and interest. Also known
as "equity kicker" or "lender participation".
Any small structure that stands alone,
usually for the purpose of supplying a product or service
(i.e. the attendant's booth in a parking lot, a lottery booth
in the center of the promenade of a mall).
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