Deconstructing the single-family rental: New podcast episode out now
Over the past few years, institutional firms have spent billions acquiring and developing single-family rental homes. It’s no big...
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
Tri-State
Birch Group paying $380M for large Jersey City office
Mack-Cali Realty is selling another office property, agreeing to unload a waterfront Jersey City complex for $380 million. The...
National
Blackstone to net $4B profit in sale of Vegas casino
The Blackstone Group can head to the slots after netting a record profit for the sale of a single...
National
Oxford lands $1.4B CMBS financing for $2.2B KKR industrial portfolio purchase
Oxford Properties Group has lightened its load on a massive industrial portfolio purchase, securing $1.43 billion in commercial mortgage-backed...
Tri-State
Long Island IT company wants to build ice rink for employees
Flexible Business Systems has a perfect plan to break the ice for employees: an ice rink behind the office....
Tri-State
NJ construction official accused of siphoning funds from developers’ account
A town hall in Essex County, New Jersey, was the target of a raid by state investigators on Monday,...
NYC City Council passes bill forcing hotels to dish out severance pay
The City Council voted Thursday to pass a bill compelling hotel owners to provide severance pay to their out-of-work...
Vorea, Domain and L+M close on $88M LIC development site
A trio of developers planning a 500-unit residential property in Long Island City have closed on the development site...
National
Condor Hospitality selling hotels to Blackstone for $305M
Condor Hospitality is getting out of the hotel business — in fact, it appears it’s getting out of business...
City landlords’ tax delinquencies approach Great Recession levels
Nothing is certain but death and taxes, and property taxes are no exception. For a year and a half,...