JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation
CIM Group and LIVWRK have secured a new, smaller financing package for their redevelopment of the Watchtower Building in...
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
Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now
Multifamily market hits 8-year low A tepid multifamily sector in New York City continued to plague the real estate industry through the first half...
Real estate titans … and their toys
There were live camels, trapeze artists, a 12-minute fireworks display and an enormous birthday cake carved in the shape of a Chinese temple. Blackstone boss Stephen Schwarzman’s 70th-birthday party, hosted at his Palm Beach...
Developer seeks $40M for Opportunity Zone site in downtown Newark
Less than two years after acquiring a 0.62-acre site in downtown Newark, a developer has tapped Meridian Capital Group...
This East End icon might finally be closing in on a sale
More than three years after a 14-acre slice of restaurant and retail space at the easternmost end of Long...
Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news
Mack-Cali offloads fully leased Paramus office building Garrison Investments and Onyx Equities announced Monday their acquisition of a 373,320-square-foot office building in Paramus, NJBIZ...
Power restored after blackout envelops West Side of Manhattan
A power outage Saturday night on the West Side of Manhattan dimmed the bright lights of Times Square, knocked...
The rise of the anonymous LLC: Tracing the history of the favorite property investment vehicle
For more than four years, nobody knew who bought the only $100 million apartment in Manhattan. Real estate agents and architects who worked with...
The Real Deal wins 9 NAREE journalism awards
The Real Deal editorial team brought home nine journalism awards from the National Association of Real Estate Editors for...
WATCH: Here’s the shit real estate agents really say
From negotiating with buyers to tidying up their client’s listings, there are a few sentiments real estate agents share...
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