How Hochul’s film tax credit, casino plan affect real estate
While Gov. Kathy Hochul’s housing and 421a proposals captured real estate’s attention this week, two other aspects of her...
Commercial Real Estate
Commercial real estate is any property used for a profit-making, non-residential purpose.
Commercial Real Estate Q&A
What qualifies as commercial real estate?
Any for-profit, non-residential property can be considered commercial real estate. In some states, residential property with more than a certain number of units may also be considered commercial property for borrowing and tax purposes.
What is the commercial real estate industry?
The commercial real estate industry encompasses the buying, selling, leasing, financing, development and construction of commercial spaces. The top ten property owners in New York City alone hold over 546 million square feet of property and operate with an aggregate sum of $8.1 billion, according to TRD's 2019 Data Book.
Who buys and sells commercial real estate?
TRD calculates the top NYC commercial brokerages by sales annually. While individuals, groups, and small companies can buy and sell commercial real estate, brokerage firms account for many of the deals happening within the commercial real estate industry. According to TRD's ranking, 2018's top brokerages by dollar-volume sales were Cushman & Wakefield, CBRE, Eastdil Secured, HFF, and Rosewood Realty Group.
Want to know more about commercial real estate?
Check out our Top Stories below for TRD's most up-to-date coverage of commercial real estate.
The Latest
Hochul pitches conversion tax break. Will developers bite?
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Soloviev partners with Mohegan on casino bid
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National Weekend Edition
They said what now? Real estate quotes of the week
Here’s a roundup of the prescient, colorful, sobering or simply interesting quotes from the past week across the real...
National Weekend Edition
ChatGPT didn’t write this week’s real estate news roundup, we promise
Much has been made over the past couple of months over ChatGPT, the bot developed by artificial intelligence firm...
Urban Standard wants to rescue property owners from high interest rates
As interest rates rise and banks pull back on lending, real estate owners with loans coming due find themselves...
Office properties (yes, office!) got Manhattan’s biggest December loans
Manhattan office properties were front and center for big lenders last month. Wells Fargo financed a new, 1.4 million-square-foot...
Troubled Midtown rental saga headed for a foreclosure finale
UPDATED: January 24, 2023, 5:12 p.m. A Midtown rental building with a checkered past is on the brink of...
National
Listen: Inside the looming distress across the hotel market
Times Square hotels are headed to bankruptcy. Investors are clawing at distressed hotels in Chicago. High interest rates are...
The bickering bros: Jemals escalate battle over portfolio
A new lawsuit has joined the fray in Steven and Alan Jemal’s long-running feud. Steven filed a lawsuit Monday...