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The General Services Administration ultimately leased the ground-floor storefronts for 10 years in 2010, using the space as a child care center for 76 children. [91] Interest in the building's residences increased in the early 2010s after the Federal Housing Administration began offering loans to prospective buyers, allowing would-be residents ...
Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...
A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.
It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the " city centre " or " downtown ". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its traditional city center, and there ...
Within the City of Toronto's zoning by-laws, commercial residential includes "a range of commercial, residential and institutional uses, as well as parks." [ 32 ] Mirvish Village's programmatic uses include rental apartments, a public market, and small-unit retail, [ 33 ] while also preserving 23 of 27 heritage houses on site. [ 34 ]
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]
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Gilmore purchased four abandoned historic buildings: the Continental, the Hellman, the San Fernando, and the Farmers and Merchants National Bank—all of which are located in Downtown Los Angeles and collectively renamed by Gilmore and Perrone as the “Old Bank District.” [2] Gilmore was the first developer to utilize the newly minted Adaptive Reuse Ordinance of 1999, which enabled him to ...