National
Valley National acquiring Bank Leumi USA for $1.1B
Valley National Bank is making its second major acquisition in the last three months, this time agreeing to acquire...
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
Blood Center rezoning on Upper East Side approved
A controversial plan to expand the New York Blood Center in the Upper East Side has advanced through the...
Hudson Square office building sold for $46M
Days after Google shattered a pandemic purchase record in Manhattan’s Hudson Square, another deal has added to the neighborhood’s pricey office scene. Vanquish LLC, a group of investors from the Middle East, bought a...
Tri-State
Fintech firm Fiserv expanding into NJ with new office
An influx of high-paying tech jobs could be on the way to New Jersey, courtesy of Fortune 500 company...
Tri-State
Berkeley College selling two downtown White Plains buildings
Months after announcing the closure of its Westchester campus, Berkeley College is selling the two buildings it formerly occupied...
EverWest acquired a Maspeth warehouse from Wharton for $57M
EverWest made a major play in New York City’s industrial real estate sector this week, closing on a $57.25...
Google says it won’t claim NYC tax breaks
In what’s perhaps a lesson from Amazon’s headquarters fiasco in Long Island City, Google indicated it will not seek...
Housing court is back — with boundaries
In-person housing court is quite nearly back and when it is, order will supposedly rule. After a year and a half of hearings by video, New York City Housing Court will reopen for in-person...
Covid surge dims enthusiasm for ICSC Vegas conference
It’s been nearly two years since the real estate community has been able to attend its big Las Vegas...
Bronx Section 8 housing, West Village dorm top mid-market sales
No two properties traded in mid-market investment sales were alike last week, from a Section-8 multifamily building in the...