Development

Development

Development is the process of orchestrating the planning, creation, change, or improvement of real estate.

Development Q&A

What is real estate development?
Real estate development encompasses a variety of processes and can mean different things. The process can include renovation of an existing space, altering a space to suit a new purpose, or developing raw land from start to finish. Although real estate development is separate from construction, real estate developers may oversee construction processes. Developers may require consultants to plan a space, architects to design it, engineers to configure, lenders to finance, and contractors to build, all within one project. Development can occur under the auspices of a pre-existing buyer or owner of land or without one; the latter is called speculative development.
Who develops real estate?
Development teams include a variety of professionals to help development processes from beginning to end. They utilize lawyers, consultants, architects, site planners, and more before any sort of construction begins. The Real Deal compiles an annual list of the largest developers in New York City. In 2018, New York's developers with the most square feet of projects in the works were Related Companies, Brookfield Property Partners, Tishman Speyer, GID Development Group, and SL Green Realty.

The Latest

Gary Barnett

Gary Barnett has something to say

Gary Barnett doesn’t do many interviews. But it turns out that he has a lot of opinions. The billionaire founder and president of Extell Development shared a few in a rare sit-down Thursday, including:...

Gary Barnett has something to say
Ben Shaoul and 1457 North Main Street (Getty, LoopNet)
Los Angeles

Ben Shaoul plans 376-unit complex near L.A.’s Chinatown

A high-profile New York landlord has bigger plans for a multifamily project near Downtown Los Angeles. Ben Shaoul is...

Ben Shaoul plans 376-unit complex near L.A.’s Chinatown
Harry and Linda Macklowe (Getty Images, Andy Warhol Foundation for the Visual Arts, Inc./Artists Rights Society (ARS), NY, Sotheby's, iStock)
National

Macklowe art collection fetches nearly $1B at auction

Monday brought another round of spoils from real estate’s biggest divorce. Sotheby’s auctioned its second set of art from...

Macklowe art collection fetches nearly $1B at auction
A photo illustration of charter bus company North Fork Express (left), Tritec Real Estate's planned Ronkonkoma Hub project (middle) and Tritec Real Estate's principal Robert Coughlan (EverybodyWiki/Orenawong, Tritec Real Estate, iStock)
Tri-State

Holdout threatens massive Long Island development

A developer may be forced to pump the brakes on a massive mixed-use project in Ronkonkoma, as a bus...

Holdout threatens massive Long Island development
Elad Group's Isaac Tshuva and1299 Third Avenue (Getty, Google Maps)

Elad picks up shovel-ready UES development site

Isaac Tshuva’s Elad Group is getting into a condo project on the Upper East Side. The Israeli billionaire’s development...

Elad picks up shovel-ready UES development site

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