Tri-State
Brookfield buys CSX industrial site in Northern New Jersey for $67M
Brookfield Asset Management bought an industrial and rail facility in Northern New Jersey from CSX for $67.3 million as...
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
Avi Philipson deal to acquire All Year portfolio is back on
Just two weeks ago, Avi Philipson told All Year Holdings it wanted out of its deal to buy All...
Times Square hotel developer sues neighbors over delayed demolition
A hotel developer filed a lawsuit against some of New York City’s largest landlords over the year-long construction delay...
National Weekend Edition
Napa Valley hot-air-balloon business lists for $12M
For $12 million, you can buy more than just a lot of hot air. Bob Barbarick is selling his...
National Weekend Edition
Nebraska lawmakers mull digging $1B recreation lake
Nebraska doesn’t offer panoramic mountain views, so a group of lawmakers and developers are considering a different way of...
Soloviev bets long-dormant Midtown East site in casino sweepstakes
Stefan Soloviev is the latest to gamble on New York’s casino sweepstakes, proposing to develop on a site acquired...
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Another attempt to count vacant rent-stabilized apartments found earlier estimates exaggerated the problem by tens of thousands of units....
National
Wall Street is bidding up housing stocks again
Housing stocks have tumbled for much of the year, but recent signs inflation is easing spurred a small rebound....
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Investors including Josh Rahmani and Ebi Khalili’s Empire Capital have closed on their $320 million purchase of the 40-story...
Urban Commons puts FiDi hotel into bankruptcy
Los Angeles hospitality firm Urban Commons has filed for bankruptcy on the hotel portion of the Wagner at the...