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Real Estate Glossary

Equitization

This is a process wherein the economic benefits of ownership of a certain asset like real estate can be represented in the form of publicly traded securities and split among several investors.

Real Estate Glossary

Construction Cost

This refers to the total expense for a construction job. This typically includes normal overhead and contractor's profit. Construction cost includes labor, material, financing services, equipment, utilities, and others.

Real Estate Glossary

Diplomatic Zone

This is a component in a diplomatic district that permits the location of chanceries. Diplomatic zones are typically made up of a high-density residential zoning district, mixed-use diplomatic overlay, and sections zoned for a...

Real Estate Glossary

Economic Base Analysis

This is a model that measures the impact of economic decline or growth in an industry on the scale of a local or regional economy. It divides activities into two categories: nonbasic and basic. Basic industries pertain to those...