Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
Immanuel Lutheran Church’s two walk-up buildings are no stairways to heaven, but a group claiming to be its parent...
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
Back-to-meetings spurs demand for flex space
The company conference may survive the age of remote work, after all. Flex landlords who run short-term conference and...
Related eyeing sale of Equinox Hotel
Related Companies is ready to cut bait with the Equinox Hotel, only three years after opening. Stephen Ross’ firm has started work with an adviser to solicit interest for the property at 33 Hudson...
I-sales roundup: RJ Block buys Harlem mixed-use portfolio
After a quiet first week of August, investment sales of mid-market commercial properties in New York City picked up...
Tri-State
Investors sell Trumbull apartments for $101M, 23% markup from last year
UPDATED Aug. 17, 2022, 10:45 a.m.: A pair of investors sold a Fairfield County apartment complex for $19 million...
“We’re not alarmed:” Herald Square retail in reverse
Retail real estate in New York City is showing signs of life. Herald Square, however, is not exactly leading...
Midtown’s Row hotel to house up to 600 migrant families
New York City has picked out the Row NYC hotel in Midtown as one piece of its plan to...
Tri-State
Hoboken hospital eyed for eminent domain
An uncertain future for the Hoboken University Medical Center has the city considering the possibility of buying it through eminent domain. The City Council passed an emergency resolution to award a contract for the...
L&L’s 425 Park Ave cooking up Jean-Georges restaurant
UPDATED, Aug. 16, 2022, 9 a.m.: One of the most talked-about men in Manhattan real estate these days isn’t...
News Analysis
Developing in downtrodden areas gets dicey
It was a striking reaction, tucked into the middle of a City Limits story about a plan for a forlorn section of Brooklyn. Jessica Franco, fighting a 210-unit development to replace her aging, low-slung...