Real Estate Industry Logos and Properties
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Questions and Answers

What is the primary characteristic of a Special Purpose property?

  • It is a property located in a urban area
  • It is a building designed for one specific purpose (correct)
  • It is a property with a high market value
  • It is a multi-tenant building
  • What is an example of a Special Purpose property?

  • Office building
  • Hazardous waste facility (correct)
  • Shopping mall
  • Empire State Building
  • What is a characteristic of the layout of a Special Purpose property?

  • It is specific to the type of industry or specialized use (correct)
  • It is designed for a general office space
  • It is designed for multiple tenants
  • It is designed for a residential area
  • What type of location is a Special Purpose property often found in?

    <p>Outskirts or suburban area</p> Signup and view all the answers

    What is often a feature of a Special Purpose property?

    <p>Greenspace or campus area</p> Signup and view all the answers

    What is an example of a MyHive page that represents the Special Purpose industry?

    <p>Ivanhoe Cambridge</p> Signup and view all the answers

    What is a characteristic of a Special Purpose property's marketability?

    <p>It has limited utility or marketability beyond its original use</p> Signup and view all the answers

    What is the purpose of a Special Purpose property?

    <p>To serve a specific industry or use</p> Signup and view all the answers

    What is a common feature of a Special Purpose property's building amenities?

    <p>Picnic area</p> Signup and view all the answers

    What is the defining characteristic of a Special Purpose property?

    <p>It is built-to-suit</p> Signup and view all the answers

    Study Notes

    Retail

    • Retail property is commercial real estate zoned and used for selling consumer goods and services.
    • Characteristics: flexible configurations, ample parking, professional management, efficient space use, optimal traffic flow, bike racks/EV stations, public transport access, and attractive storefronts.
    • Categories: Class A (high-caliber retailers, premium amenities, and high-traffic areas), Class B (good quality, moderate rental rates, and need of light renovations), and Class C (older properties, secondary locations, minimal amenities, and lowest rental rates).

    Industrial

    • Industrial real estate is intended to provide practical and efficient space to businesses that prioritize function over form.
    • Characteristics: smaller percentage of building is office space, adjacent to transportation, open box, high ceilings, and multiple loading docks.
    • Types: Manufacturing (conversion, fabrication, and/or assembly of raw materials), Storage and Distribution (storage and/or distribution of materials, goods, and merchandise), and Flex Space (designed to give flexibility to tenants).

    Multi-Family / Residential

    • Defined by properties specifically designed and built to accommodate living spaces for tenants.
    • Characteristics: amenities and building features, layout (size and floor plan), design and aesthetics, outdoor space, rent prices, security and safety, location and accessibility, management, maintenance, and leasing.
    • Categories: Class A (newer build, luxurious amenities, modern, premium location, and high-quality), Class B (older building, good quality, medium to average conditions, and rent), and Class C (dilapidated building, inconsistent occupancy, little to no amenities, poor management, and poor location).

    Special Purpose (“Other”)

    • A property that has limited utility/marketability other than for its original use, or is built-to-suit.
    • Characteristics: building amenities, layout specific to type of industry/specialized use, greenspace/campus area, picnic area, and location (outskirts, suburban).

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    Description

    This quiz covers logos and properties related to the real estate industry, including Brookfield Properties and Allied.

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