National Issue
Oceanwide’s US business is sinking. Can it right the ship?
In 2014, Oceanwide Holdings announced plans to build a 2.4 million-square-foot megaproject in San Francisco. The twin-tower development would...
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
Sedesco seeks rezoning for new Billionaires’ Row skyscraper
Apparently 400,000 square feet on Billionaires’ Row isn’t quite enough space for one builder’s ambitious vision. Turkish developer Sedesco...
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Two years after three Manhattan rental buildings were put up for sale to settle a dispute in arbitration, they...
Durst-backed nonprofit puts startups into empty storefronts
In the Garment District, a tailor who designs bespoke suits is operating out of an 80-square-foot storefront and on...
Major FiDi landlord resigns as bank chairman after stock windfall
A low-profile downtown landlord who owns multiple prominent commercial buildings in the Financial District has resigned from his role...
National
Employers face uphill battle luring staff back to the office
With more than half of all adults fully vaccinated, Americans are once again eating at their favorite restaurants, attending...
National Issue
The Closing: Janice Mac Avoy
When real estate’s wealthiest and most powerful have it all on the line, they call Janice Mac Avoy. Take the $5.45 billion sale of Stuyvesant Town. When bondholders sued to block the transaction, Mac...
National
Washington Prime Group files for Chapter 11 bankruptcy
In November, with mall owners getting crushed, Washington Prime Group CEO Lou Conforti said that bankruptcy was off the...
These were the top outer-borough loans in May
Dollar volume for the 10 largest outer-borough commercial real estate loans in May was $1.6 billion, almost double that...
Life sciences leasing breaks annual record in five months
Life sciences leasing in New York is going at full steam with no signs of stalling. The sector topped...