PBC nears $385M loan for HSBC tower after sale to Innovo collapses
Property and Building Corporation is close to landing a $385 million refinancing for its HSBC tower in Midtown after...
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
Health insurer takes 70k sf for HQ in Vornado’s One Penn Plaza
A major health insurance tenant is setting up shop at Vornado Realty Trust’s One Penn Plaza, a major Midtown...
Swell of maturing debt pressures office owners
Scott Rechler’s RXR went out in January looking for $1.5 billion to refinance its 5 Times Square office tower,...
National
Day 2 of ICSC: Retailers button up to network, prep for uncertain future
After partying the day away Sunday, retailers at ICSC Las Vegas swapped their swimsuits for business suits as they...
Firm ditches Park Ave for entire floor of GM Building
As many firms downsize but upgrade their office space to account for hybrid work, one Midtown tenant is expanding...
Tri-State
No buzz, but Adam Neumann will take the $293M
Who needs sexy when profitable will do? Adam Neumann’s latest reinvention has the former WeWork whiz doing real estate...
National
More multifamily landlords are making less than their lenders
Sales of multifamily assets have been hot in the past year, but rising interest rates are now putting investors...
RFR seeks extension on 285 Madison loan
A loan at a Midtown office building is headed to special servicing as Aby Rosen’s RFR Realty seeks an extension on its maturity date. The $235 million CMBS loan for 285 Madison Avenue was...
HNA must pay SL Green fat sum over 245 Park Avenue
SL Green is entitled to a whole lot of green from an affiliate of HNA Group. The Chinese conglomerate...
Real estate’s titans talk building, selling, and reinventing the city
It was like they had never left. The first post-pandemic edition The Real Deal’s New York City Showcase +...