real estate:
... land and everything affixed to it (property)
that cannot be moved as described by specifying its shape
and boundary dimensions as well as its attached rights. Terminal
points and angles (metes
and bounds) are used to specify the shape and boundary
of real property. The definition
of commercial
and industrial real estate is applicable for those
who are members of the target audience of .network users.
real estate agent:
... a real
estate sales agent; someone
who represents, buys, sells, or leases real
estate on behalf of another; a person who works
out of a real estate office either under or as a broker.
real estate sales agent ... a
transactor of real
estate matters on behalf of an owner
real estate asset ... real
estate having.
real estate asset manager:
... one who
oversees, directs, supervises or superintends property
and real
estate from the standpoint of its commercial
or exchange value see
asset
manager; one who acts as
agent and adviser to an owner of property;
one who plans and directs the purchase,
development, and disposition of real
estate on behalf of an enterprise or investors; a corporate
real estate asset manager (see corporate
real estate executive); a facilities
manager. The acronym CREAM or
initials C.R.E.A.M. are sometimes
used to refer to Corporate Real Estate
Asset Management or Commercial Real Estate
Assets Management (see commercial
and industrial real estate).
Ingentaconnect.com has an abstract published
online from
Facilities,
a journal. Its title::
The
role of real estate assets in supporting
the fulfillment of corporate business
plans: key organizational variables for
an integrated resource management framework.
real estate broker:
... the person licensed
to operate a real
estate office having legal responsibility
for the transactions of the real
estate sales agents that work out of it; a certified
or licensed real estate agency operator; someone who sells
land
or property as an agent or
owner.
real estate consultant:
... an advisor to a buyer as opposed
to a real estate agent
or brokersee
site
location consultant. Representatives
of locations seeking economic
development with site
selection skills are generally
qualified to be real estate consultants.
real estate investment trust:
... REIT; an investment group having shares in
a claim on or ownership of real estate or loans secured
by real estate; a specialized investment vehicle focused
on real estate opportunities, such as construction loans,
mortgages, ownership in real estate enterprises, and ownership
in real estate itself; a means for real estate investors
to join together in a venture that operates similar to
a closed-end
fund.
real estate parcel:
... a piece of real
estate defined by metes
and bounds or in a similar fashion; an
officially described piece of land, according
to a glossary provided online by ForeclosuresMass.com;
a site as
a single entity that can be described legally.
real estate project:
... a search for a site or property with
a focus on real estate requirements
as opposed to gathering information about such things as
market, labor availability
or surrounding community; a
project wherein
the interest is purely on the land or available space and
the infrastructure that makes it suitable
for a need defined by an enterprise. A
real estate project may be a component of site
selection but is typically
limited to dealings among those whose interest is strictly
in land or
property.
The term real estate consultant is
sometimes interchanged with site location consultant because
the expertise of the latter
is anchored in having a thorough understanding of how to
handle transactions related to commercial
and industrial real estate. Consultants
capable of wearing both hats usually maintain more extensive
networks of resource
and service providers than local real estate
brokers or agents.
real estate sites:
... a commercial
and industrial real estate category of location
data. A real estate site is a parcel of
land or a property.
See the meaning of site as
it relates to the .network mission.
realized gain or loss:
... an accounting for the tax consequences of
an investment, a gain or
loss realized when an investment is converted. To realize
is to convert to cash or to obtain a value.
real property:
... the earth's land surface,
including the air above it and the subsurface contents,
as well as all attached rights and property that cannot
be moved; a controlled site, above and below.
realtor ... a real estate agent or broker.
real-world:
... what you see, hear, touch, smell,
and taste around you. The term is defined here in order
to make a contrast with a virtual
world. In order to emphasize
the point that The Network exists online (a
virtual world) the analogy often made is that it is real-world
in
terms of facilitating the building and maintenance of relationships
for moving the enterprise
and economic development process forward
around the world. Its Global
Registry of Contacts is an enterprise
and economic development directory as
well as a site
selection directory. It is emphasized to
participants in
the .network mission that
the GRC is not so much a reference as it is a tool for
creating
business relationship dynamics.
recapture
... the taking of part profits above a
set amount, usually by government taxation.
A recapture
clause is the part of a percentage lease agreement
that gives the lessee the
right to terminate.
red tape:
... bureaucratic indifference, obstructiveness,
or delay for no good reason. The idiom cut red tape means
the act of overcoming a bureaucratic process, i.e. to
cut red
tape.
referral fee:
... payment for information that leads to a sale
or deal; a finders
fee; a referral bonus when employers
pay employees who play a role gaining a new customer or
worker.
region (1):
... a geographical
area having a name drawn from its history
or a landmark or natural feature. Regions for site
selection are seen as having various locales tied
together by a transportation network
and municipality that
is its center for economic
development. They are locations. As
a site
selection resource, The Network adds an additional
means of identifying regions. It
organizes and maintains city-region files
in its Site
Location Assistance website (Regional Site
Selection Directory). There are global
regions ... large areas made
up of a number of counties. Regions are expansive areas within
countries. They exist inside states, provinces, etc.
region (2):
... a geographic area identified at the
outset of an enterprise
development effort as one in which a search
for a location is
to be conducted;
a area targeted by a site
selector for gathering location
data to be used for comparative
analysis; a geographical
region as the site of an investigation to determine
whether there is enterprise development potentialsuch
a region can be as as large or as small an enterprise
developer chooses to define it. The Area
Development section of Economic
Development.net is organized so that
.network users can begin searching for
locations at the national level. The Regional
Site Selection Directory in Site Location Assistance.com
is organized so that users can search for areas within
countries by
name or by the names of cities (city-regions)
that are their economic development centers.
regional business publication:
... an issue of printed material or one
or more pages online that
appear in print
media format having editorial
content or otherwise communicating information about an area of
interest to the .network target
audience; a sub-national business-oriented
publication having a dedication to a development
region
and contributing to its promotion, for example, a magazine
published in cooperation with a chamber
of commerce.
Such publications, especially those received by The
Network from area
and local development contacts, are gleaned
for contact
data of location
data suppliers. The information is used to
create or update records in the Global
Registry of Contacts and files in the Regional
Site Selection Directorymore
about the directory.
regional economic development ... area
development.
regional information:
... a category of location
data along with area
information. An area or region as a location seriously
seeking economic development is likely to have one
or more contacts in
place to provide information of interest to the target
audience served by The
Network.
relational leadership:
... a way of inducing or influencing a group
performance by allowing individuals to take charge during
times when their specific skills and competencies are applicable,
as opposed to establishing a leadership hierarchy based
on title, rank or job grade.
relocation:
... the act of permanently leaving one
place and moving to another. Relocations within an area
that result from the growth and expansion of local enterprises
are generally handled as real
estate projects. A
search for a new location in a
wider area may
be handled
by a consultant who maintains a network of resource
and service
providers known to be trustworthy in handling confidential informationsee
the relocation
checklist developed by The Network from
various online references to Take
the Misery Out of Moving.
relocation services:
... assistance available or provided
during, for example, a business move; a specialization
among
resource
and service providers which is called upon by
a member of
the target audience of The
Network when a relocation is
planned. The last of 13 items in a business relocation
checklist
at Bankrate.com states ... arrange
for extra help at home for family needs. Businesses
arrange relocation services for employees and their
families when they request moves be made accommodate
their operational needssee
the .network relocation
checklist
resource:
... anything useful and available to
serve, support or assist, for example, members of
the .network target
audience. Want to know how to use The
Network as a resource? First, take a look at its mission
statement and the pages
in series about searching. The pages are part of the introduction to
The Network. Also, there are three
things to keep in mind.
resource archive:
... a repository of information or other things
useful and available that can be drawn on when needed. The
Network maintains
an archive as a mission
support resource. We (who
we are) emphasize that resources are not archived just for
safekeeping. Our archive is organized for you to search with an
intent of finding something to serve, support or assist with your
endeavor
as a member of
the .network target
audience. Your search is backed by a
promise;
therefore, you should never be stymied at a dead
end or by a problem, such as a broken
link. You are urged to help
build The Network with
resources ... to share with others.
resource paper:
... documentation in the form of a study, report,
guide or advisory that can be used to accomplish something; a resource writing,
such as a topic
article online. Resource papers are collections of information
with comments and/or critiques or other writings, especially done
by one person deemed to be a resource supplier. They
are useful to serve, support or assist, for example, in projects for enterprise
development, site
selection, and economic
development forward. The Network sets aside space
in its websites to publish
resource papers and information about them and links for
free when they support its mission.
resource and service organization:
... an enterprise that
either provides stand-alone resources
or resources in combination with services. Examples of stand-alone
resources are those available in The
Network where
users freely access them without having to provide information or to
ask for assistance.
On the other hand, personal search assistance is
available in the form of a search
promise. That means Economic Development
Services, the enterprise
behind The
Network, is a resource and service
organization. The expression resource
and service providers is used throughout The
Network, for example, two
terms are combined to introduce opportunities
for contacts.
resource supplier:
... an individual or organization that
provides resources. A location
data supplier is an example: Serving
the site
selection process is a primary focus of The Network; therefore, location
data suppliers are included among resource
providers. They may become service providers. The
line the separates the two is not clearly drawn. For example, area
and local development contacts who supply location
data may be called upon by prospects to
provide additional assistance, i.e., also be service
providers (source).
retention:
... the act of holding on to something
as in the case of a local
economic development organization operating with a business
retention program.
retrofit:
... to return a existing building, facility
or system to a complete and functional state by renovating
or removing and/or adding parts; to update outmoded features
to current standards of usability and code
compliance. The term retrofitting is used
in facilities
management to describe the changing of a building's operational
functionality; e.g., to retrofit is to go back and change, modify
or upgrade to make a facility or system fit an operation.
return on net assets:
... referred to as RONA,
a performance measure for tracking and achieving cost control;
an examination of net
earnings in relationship
to the net
assets that
are invested to generate them.
reverse investment:
... access
to the definition by OECD (Organization
of Economic Cooperation and Development)
is available through the International
Trade and Development section of
the Enterprise
and Economic Development Library. According to the
IMF (International
Monetary Fund): Reverse investment
occurs when a direct investment enterprise (DIE) has acquired
a financial claim on its direct investor (DI) ... (source
of quote).
RFP:
... Request For Proposalthe
document used to ask resource
or service providers to express an interest
in doing something by presenting information about their
ideas, approaches, plans, credentials, qualifications,
and charges. When project profiles
and selection criteria are provided along with requests
for location packages area or local development representatives should
consider that they are essentially receiving requests for
proposals.
RFQ:
... Request For Quoteessentially
the same as an RFP,
except it's focused on costs; i.e., it's a document that
usually explains the scope of a project and
contains a project
profile with specifications which
invites resource
or service providers to respond with projections
(estimates or firm quotes) of their fees and charges for
taking it on.
ribbon cutting:
... a ceremonious severing of a thin
strip of material at the end of a construction
project that temporarily blocks an entrance or access;
a ceremonial event to signify an opening of, for example,
a new building;
generally
the
final event at the celebration of a a grand
opening.
right-to-work:
... a legal protection of the right of
workers to choose; a restriction placed on organized labor
to keep a group that has chosen to unionize
from selfishly controlling a workplace; a law forbidding closed shops
(union
shops) and, thus, giving equal rights and protection
to all workers. Areas covered by right-to-work laws are
considered pro-business and
have an advantage in the eyes of site
selectors over
those that protect organized labor at the expense of people
who want
to work but
do not want to be compelled to join a union.
risk analysis:
... investigation of factors that may jeopardize
the success of an enterprise or
an enterprise
development project. Its purpose is to support
the efforts of the decision
maker. Google the Web at the top
of this page (select the search button)
for more information after
copying and pasting the following italicized keyword combinations
in
the search field: "risk
analysis" business or risk
"site location work" or "risk analysis" site
selection (keep quotation marks).
risk management:
... what the smart decision
maker does to maintain successful control.
It includes risk analysis.in the form of assessing
potential pitfalls and hazards, creating alternative plans
in case they're needed, and continuous monitoring. Google
the Web at the top of this page (select
the search button) for more information after copying and
pasting "risk management" basic resources in
the search field (keep quotation marks).
ROE:
... acronym for Return
On Equity. InvestorWords.com has a definition
of ROE.
ROI :
... acronym for Return
On Investment. The Free Dictionary has a definition
of CFROI.
ROR
... acronym for Rate-Of-Return.
Wikipedia has a discussion of rate
or return.
rural development:
... enterprise
and economic development uniquely applied
in an area with a widely scattered population or in
a location that can be classified as non-urban; area
development outside of a city and beyond its urbanized
areas. To be rural suggests that one can see
agrarian or pastoral
characteristics and that the area is
a sparsely populated but there may be towns and villages
and even whistle stops or cross roads that have the
potential for economic development. Rural
has various definitions that depend surveys of
population density.
The argument can be made that a rural area, which
is not
barren, is more likely to have qualities for sustaining
its population and to be self-contained as opposed
to a urban area which is distinctly dependent upon importation
and some level of commerce(source
unknown). The quote suggests that rural development at
its best capitalizes in
many places on qualities that exist, avoiding
the notion that grass is greener where the urban
sprawl grows. Take a look at the
definition of brownfield with
the understanding of the possibility that an area that
was once rural, then industrial, then abandoned, may at
some point in time become rural again.
To return brownfields to agrarian
or pastoral environments, assuming that doing so is
not problematic, may not be all bad.
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