Tri-State
North Fork town smells victory in eminent domain fight
Brinkmann’s Hardware is on the brink of defeat in its eminent domain fight with the Town of Southold, but...
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
Real estate venture backed by Carlyle’s David Rubenstein raises $240M
A venture backed by billionaire Carlyle Group co-founder David Rubenstein raised nearly a quarter of a million dollars to...
Loancore seeks forced sale of Plaza District building
UPDATED, Oct. 6, 2022, 12:15 a.m.: The owners of a Plaza District building could soon be persona non grata...
Manhattan office leasing jumps as availability and rents drop
Despite continued uncertainty about workers returning to their desks, Manhattan’s office market appears to be gaining momentum. Office leasing...
Pinnacle’s Joel Wiener penalized for hiding condo conversion costs
Real estate billionaire Joel Wiener ran afoul of the law once again, resulting in a penalty paid to a...
National
US retail real estate rises from the ashes
The onset of the pandemic sent retail real estate through the ringer, first with lockdown-imposed closures before the rise of e-commerce inspired predictions of doom. But the market climbed to new heights earlier this...
Rubenstein rolls co-working company into 25 Kent
UPDATED, Oct. 4, 2022, 12:30 p.m.: Another coworking company has arrived in New York City. Israel-based Mindspace is taking...
Tri-State
GID sells multifamily complex for $113M
San Francisco-based Friedkin Property Group is making a multifamily play on the opposite coast, snapping up a Westchester County apartment building for $113 million. The real estate investment group purchased Windsor at The Gramercy...
Regal Ventures picks up Midtown retail condo in strong week of i-sales
New York City dealmakers closed out September with a strong week of mid-market investment sales, driven by the multifamily...
Sutton faces foreclosure on Times Square American Eagle
Jeff Sutton is facing possible foreclosure on another marquee Midtown property. Deutsche Bank filed a foreclosure action Friday on...