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

Penny Bradley (Credit: Getty Images)

Upper East Side developer funded “lavish lifestyle” through mortgage fraud: Manhattan district attorney

Manhattan developer Penny Bradley has been arrested and charged with allegedly running a multimillion-dollar mortgage fraud scam and using the proceeds to fund her...

Federal Bureau of Investigation Headquarters at 900 Pennsylvania Avenue NW (Credit: iStock)

Justice Department’s inspector general will investigate canceled FBI relocation

A watchdog in the Justice Department is putting his nose to the ground after plans to move the FBI...

From left to right: George Comfort & Sons president and CEO Peter Duncan and Thomas Madden, director of economic development for the City of Stamford, with 677 Washington in the background

NYC developer looks to double down on WWE’s new Connecticut home

The WWE could be getting some company at its new Stamford headquarters. Peter Duncan of Manhattan-based George Comfort &...

Somerville moves forward with 31-acre transit village, Woodcliff Lake office property sold for $36M & more North Jersey real estate news

Somerville moves forward with 31-acre transit village, Woodcliff Lake office property sold for $36M & more North Jersey real estate news

Somerset Development buys 31-acre site in Somerville New Jersey Transit completed the transfer of ownership Monday of a 31-acre tract in the Borough of Somerville to...

The Real Deal picked up 9 awards from the National Association of Real Estate Editors

The Real Deal wins 9 NAREE journalism awards

The Real Deal editorial team brought home nine journalism awards from the National Association of Real Estate Editors for...

Clockwise from the upper left: Russo, Forsgate ink EnCap site acquisition, Bow Street wins four board seats at Mack-Cali annual meeting, Strategic Real Estate secures financing in Morristown, Tower Center Trades to American Equity Partners

Sale closes on 718-acre Meadowlands site that Trump sought to develop, Morristown office property gets $54M loan & more North Jersey real estate news

Russo, Forsgate close on $43M industrial tract purchase Developers Forsgate Industrial Partners and Russo Development have finalized their $42.5 million acquisition of a former...

Tishman Speyer CEO Rob Speyer and IMCO Ceo Bert Clark with New York and Los Angeles (Credit: Getty Images and IMCO)

Tishman Speyer joins with Canadian investment vehicle to boost portfolio in gateway cities

Tishman Speyer has entered into a joint venture with a Canadian asset manager to invest $500 million into projects...

An aerial of 1580 Story Avenue in the Bronx (Credit: Google Maps)

Brooklyn developer Joel Braver planning gargantuan resi project in the Bronx

A massive residential project could be on its way to the Bronx from prolific Brooklyn construction boss Joel Braver....

Robert De Niro and 87 19th Avenue in Queens (Credit: Getty Images and Google Maps)

Robert De Niro, his broker son Raphael part of dev team planning $425M Queens studio

Actor Robert De Niro, alongside his Douglas Elliman broker son Raphael De Niro, development firm Wildflower, and film producer...

From left: Judge Arthur Engoron, JDS Development's Michael Stern, L&M's Ron Moelis, Josh Siegel of Starrett with a rendering of Two Bridges (Credit: Twitter and Curbed NY)

Judge puts a stop to Two Bridges developments — for now

The controversial Two Bridges developments have been hit with another delay. New York County Supreme Court Judge Arthur Engoron...

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