Tri-State
Fire (Island) sale: Palms Hotel hits the market
Ready to run a luxury boutique hotel? There’s one on the market on Fire Island — a seven-building spread,...
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
National
Trump could profit $100M in DC hotel sale
Donald Trump’s exit from his Washington, D.C., hotel could net him a nine-figure payday. The former president could score a profit of more than $100 million from the sale of Trump International in the...
Related wades into NYCHA — and becomes a target
Related Companies is the latest private landlord to sign up for fixing New York City Housing Authority buildings —...
National
Enterprise closes low-income housing funds after raising $365M
A nonprofit playing a major role in affordable housing across the country recently closed two funds that combined for...
WeWork says it must correct financial statements
WeWork’s life as a public company is off to a rough start. The coworking firm said Wednesday it has...
Ben Soleimani leases 12,000 square feet on Madison Avenue
Luxury furniture and rug retailer Ben Soleimani has signed a lease for the brand’s first Manhattan showroom at 601...
Tri-State
Morgan Properties trades NJ multifamily portfolio for $57.5M
Pennsylvania-based Morgan Properties completed a three-property portfolio sale for $57.5 million, according to the Commercial Observer. The deal includes...
645 Madison ground lease trades to Titan Golden for $27M
East West Bank’s brief time as the leaseholder for 645 Madison Avenue has come to an end after the...
National
Blackstone buys logistics portfolio for $2.8B
The Blackstone Group reportedly picked up a portfolio of 124 properties from Cabot Properties across the United States and...
National
Virtual real estate speculators notch another record deal
The number of virtual real estate deals is rising as quickly as their real-world value. Republic Realm, an investor...