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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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