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Both terms can be used to represent either a singular or plural space or spaces. These spaces are usually the product of a deal between cities and private real estate developers in which cities grant valuable zoning concessions and developers provide in return privately owned public spaces in or near their buildings.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
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Premises are land and buildings together considered as a property.This usage arose from property owners finding the word in their title deeds, where it originally correctly meant "the aforementioned; what this document is about", from Latin prae-missus = "placed before".
An example from early England is the Domesday Book in 1086. Napoleon established a comprehensive cadastral system for France that is regarded as the forerunner of most modern versions. Cadastral survey information is often a base element in Geographic Information Systems (GIS) or Land Information Systems (LIS) used to assess and manage land and ...
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
In the United Kingdom, the term duplex is sometimes used by property professionals such as architects and estate agents and refers only to a flat or apartment on two floors connected by an inner staircase though many newer apartments have open-plan designs including mezzanines. The far more commonly used term is 'maisonette' meaning two ...
Corporate real estate is the real property held or used by a business enterprise or organization for its own operational purposes. A corporate real estate portfolio typically includes a corporate headquarters and a number of branch offices, and perhaps also various manufacturing and retail sites. [1]