National Weekend Edition
Andrew Chung’s Innovo Property Group grabs HSBC building in Bryant Park
The Israeli company that owns the HSBC Tower in Midtown Manhattan has found a hometown buyer in the Innovo...
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 Weekend Edition
The $2 billion man? Marcelo Claure seeks top pay from SoftBank
What’re a few billion dollars between friends? The New York Times is reporting that Marcelo Claure, the chief operating...
National Weekend Edition
Mark Cuban buys a Mustang (well, a town called Mustang) in Texas
Some kids grow up dreaming of one day owning a Mustang, the original Ford pony car that inventing the...
National Weekend Edition
Mohegan Gaming completes financing for first phase of South Korea project
Mohegan Gaming & Entertainment, the owner of the Mohegan Tribe’s gaming assets, is off to the races in South...
Taconic, Nuveen pay $70M for UES office building
Taconic Partners and Nuveen Real Estate are joining forces once again, this time on the purchase of an Upper...
48% of NYC buildings fail on energy efficiency
Energy efficiency among New York City buildings has improved a bit, but almost half of those forced to post...
1 WTC set for $700M refinancing
The New York Liberty Development Corporation is reportedly set to issue bonds this month to refinance the debt on One World Trade Center. The state agency approved $700 million in bonds on behalf of...
National
Dollar General to open 1k stores aimed at wealthier, more suburban shoppers
Suburban shoppers beware: a Popshelf location could soon be coming to a location near you. Dollar General is aiming...
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,...
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...