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During the red-hot years of the mid-2000s, many commercial real estate developers opted to bring activities in-house. It was common to see development companies offering everything from leasing and land acquisitions to both vertical and horizontal development and even design, all under one umbrella.

Then the Great Recession came, followed by the global financial meltdown. Four years after the collapse, the economy continues to struggle toward an ambivalent recovery. But economics changed how developers operate. What once might have been a start-to-finish project under one roof is likely to be completed by partners.

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