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All major corporations must deal with real estate needs. Corporate real estate management involves maximizing the firm's value of resources devoted to space needs. Once simply viewed as a cost center, corporate real estate managers are now attempting to improve the efficiency of real estate usage by considering 'just-in-time' office sharing and enhancing the productivity of the work environment. In addition, corporate real estate heads often deal with site analysis, buy versus lease decisions, acquisition and disposition, portfolio refinancing and sale leaseback arrangements, property tax appeals and a host of facility management decisions.
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