Pandemic dashed one-quarter of Trump’s NYC retail tenants
About one-quarter of the Trump Organization’s New York City retail tenants either left or closed during the pandemic, according...
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
NYC hotels hoping for holiday business swell likely to be disappointed
New York City hotel operators are going to be feeling like Ebenezer Scrooge this holiday season if reported occupancy...
Princeton proud: Eric Schmidt reportedly bidding to save club
New York City’s Princeton Club could have a solution to its problems in the form of a notable Princeton...
Children’s Magical Garden claps back against developer who claimed defamation
In a legal and public relations battle with the Children’s Magical Garden, the president of a real estate firm...
National
Here’s every new Amazon site in 2021
From a real estate point of view, Amazon has certainly lived up to its name this year. Since the start of the pandemic, the e-commerce behemoth has expanded its portfolio of warehouse, distribution, data...
Taconic JV lands $204M loan for Hell’s Kitchen luxury rental
A joint venture between Taconic Partners and National Real Estate Advisors is poised to advance a sizable luxury building...
National
Proptech fundraising hits $9.5B record
Turkeys haven’t yet hit ovens, but this year’s investments in the proptech sector have already broken the industry’s record. The sector received $9.5 billion from investors and venture capital as of mid-November, according to...
City Council advances protections for lease-breakers
Landlords’ leverage over lease-breakers has been slipping away like a tenant in the night. Security deposits once offered months...
National
Insatiable: Amazon has more than doubled its space during pandemic
Amazon knew what it had to do. E-commerce was booming. People were ordering more items online than ever before...
Fortis’ Olympia Dumbo snags $284M refi
Fortis Property Group scored a $284 million loan for Olympia Dumbo, its 76-unit luxury project. The loan was provided by G4 Capital Partners and was arranged by Henry Bodek of Galaxy Capital, according to...