National Weekend Edition
Sitex Group pays $30M for Greenpoint industrial property
Sitex Group snapped up 98,000 additional square feet of industrial property in Brooklyn earlier this month for $30 million....
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.
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National Weekend Edition
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National Weekend Edition
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National Weekend Edition
Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat
They’re on a boat. “Saturday Night Live” regulars Colin Jost and Pete Davidson — arguably the two most-famous Staten...
National Weekend Edition
Vicky Ward breaks down New York State’s Trump investigation
If you don’t have time to read through state Attorney General Letitia James’ recent filing to the Supreme Court...
National Weekend Edition
Lloyd’s of London may exit “Inside Out” home after three decades
Lloyd’s of London, the 300-year-old insurer that takes on complex risks from ships to oil rigs and the legs...
NYC investment sales hit multi-year peak to end 2021
Mirroring a late-year surge observed in Manhattan, New York City’s investment sales market ended the year with a flurry...
Tax assessments rise 9%, signaling higher bills for landlords
Tentative property tax assessments for New York City are up, reflecting the city’s recovery. For landlords, however, the gains...
National
Startup that wants to build car-free cities raises $30M Series A
Culdesac, a startup with the lofty ambition of building America’s first car-free city, hauled in $30 million in Series...
National
Blackstone, Starwood to pay $1.5B for WoodSpring Suites properties
For the second time in the span of a year, Blackstone and Starwood Capital Group are buying into the...