Real Estate Development Terms

noun a physical action of starting construction on a new project

verb to begin construction on a new project

• The construction company is scheduled to break ground on the new office building next week.
• The builders are finally going to start digging for the new office building soon.
• They're gonna start digging for the new office building next week.
• The team is ready to break ground on the new project and get started on their work.

verb to come down or bring something down to rest on a surface

preposition a word that shows the relationship between a noun or pronoun and other words in a sentence, in this case indicating where something comes to rest

• The pilot managed to land on the runway despite the strong crosswinds.
• I hope we can land on time for the concert.
• I can't believe we actually landed on that crazy party last night.
• After years of hard work, she finally managed to land on her dream job.

noun the surrounding region or area

• The police officers patrolled the precincts to ensure safety and security.
• Let's hang out in the precincts downtown, it's always lively there.
• I heard there's a cool party happening in the precincts tonight.
• Within the precincts of her mind, she found solace and peace.

verb to restore to a good state of repair; to make new again; to improve by repairing or remodeling

• The company decided to renovate their office building to improve efficiency and aesthetics.
• We're planning to renovate the kitchen next month, so we'll have to eat out a lot in the meantime.
• My parents are finally going to renovate our old house - it's about time!
• She decided to renovate her life by quitting her job and traveling the world.

noun a person who watches or oversees a construction project from the sidelines, often offering unsolicited advice or criticism

• The sidewalk superintendent observed the construction project from a distance, taking notes on the progress.
• I felt like a sidewalk superintendent as I watched the workers build the new house next door.
• My dad thinks he's a sidewalk superintendent, always giving advice to the construction workers.
• She's a sidewalk superintendent when it comes to managing other people's relationships, always offering unsolicited advice.

adjective pertaining to, characterized by, or given to speculation, conjecture, or supposition

• The investment in the new technology is purely speculative and may not yield any returns.
• I wouldn't invest in that stock, it's too speculative and risky.
• I'm not into all that speculative stuff, I prefer to play it safe with my investments.
• His speculative theories about the origins of the universe are fascinating but unproven.

noun a sprawling or disorderly mass

verb to spread out in a straggling or disordered fashion

• Urban sprawl is a major concern for city planners as it leads to inefficient land use.
• The city's sprawl has made it difficult to navigate without a car.
• The suburb's sprawl is out of control, dude.
• The sprawl of information on the internet can be overwhelming at times.

noun a small foothold or grip for the toes, as in climbing

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• The company was able to gain a toehold in the new market by forming strategic partnerships.
• I finally got a toehold on the rock and was able to climb to the top.
• She's just trying to get a toehold in the music industry, but it's tough.
• The team's early goal gave them a toehold in the match, allowing them to control the game.

noun a pamphlet or leaflet containing information on a specific topic

verb to pull or drag something along a surface

• The government has designated a specific tract of land for conservation purposes.
• We're going to check out that new housing tract on the outskirts of town.
• I heard that new restaurant is in a prime shopping tract.
• His speech covered a wide tract of topics, ranging from politics to art.

adjective not disturbed or interrupted; remaining in a calm, peaceful state

• The archaeological site remained undisturbed for centuries until it was finally excavated.
• I like to find a quiet spot in the park where I can sit undisturbed and read a book.
• I was just trying to chill and watch TV, but my roommate kept bothering me. I just wanted to be left undisturbed.
• Her resolve to stay focused and undisturbed by distractions helped her achieve her goals.

noun A list of items that need to be completed or corrected, often in a construction or building project

• The project manager reviewed the punch list to ensure all tasks were completed.
• Hey, can you double check the punch list before we submit it?
• Let's wrap up this punch list so we can call it a day.
• Addressing each item on the punch list is like crossing off tasks on a to-do list.

noun a zoning practice that involves reducing the allowable density of development in a certain area

• The city council is considering downzoning certain areas to limit the height of new buildings.
• They're talking about downzoning parts of the neighborhood to keep out those big fancy condos.
• They're gonna downzone that whole block, man. No more high-rises allowed.
• Sometimes we need to downzone our expectations in order to appreciate what we already have.

noun A parking lot is a designated area where vehicles can be parked.

• The parking lot was full, so I had to find a spot on the street.
• I hate trying to find a parking spot in this crowded parking lot.
• Let's meet up at the parking lot before heading to the concert.
• Her mind was a cluttered parking lot of thoughts, making it hard to focus.

noun a word (other than a pronoun) used to identify any of a class of people, places, or things

adverb a word or phrase that modifies or qualifies an adjective, verb, or other adverb

preposition a word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause

article a particular item or object, typically one of a specified type

• The construction workers were abuilding a new office tower in the city.
• They're abuilding a new shopping mall down the street.
• I heard they're abuilding a cool new skate park in the neighborhood.
• Her ideas were abuilding in her mind, ready to be implemented in the project.

noun a word that can be used to refer to a specific or general entity

• The adjacency effect refers to the impact that a neighboring property can have on the value of a real estate asset.
• Living next to a park can increase your property value due to the adjacency effect.
• The adjacency effect is like when your neighbor's fancy car makes your car look cooler by association.
• In the world of marketing, the adjacency effect can be compared to the concept of 'brand halo'.