If you are interested in New York City’ commercial real estate and urban developers, you have come to the right place. NYC is buzzing with new development that is changing the neighborhoods and iconic areas of the city to appeal to more businesses and residents. You can find a selection of mixed use properties for business, living and residences to suit just about any interest.
Here are a few companies worth taking a closer look at. They rank in the top most profitable. The real estate market has rebounded since 2007 by almost 11.50 percent according to Forbes. That’s a respectable figure and it seems to be increasing. If you are looking to invest, consider some of these companies.
The Related Companies have properties in New York City, Boston, San Francisco, Los Angeles, Chicago and Washington D.C including some overseas holdings. Since 1972 they have captured the market with luxury apartments in popular areas.
Extell Development Company Founded in 1989 Extell has commercial, retail, residential and mixed use properties as one of New York City’s most active developers.
Chetrit Group Controlled by four brothers since the 1980’s, they focused on the outer boroughs and their portfolio now includes many Manhattan office properties.
HFZ Capital Group Since 2005 they have capitalized on development and investments in the US and abroad. They take pride in restoring historical buildings to their glory.
Macklowe Properties The brainchild of Harry Macklowe in the mid 1960’s the company’s objective is to create properties that will be sustained and grow through all business trends by creating buildings that are economically, environmentally, mechanically and architecturally superior.
These are the top five companies according to the Real Deal and you can find even more information on their website.
Every investor has different tastes and priorities so work within your advisers for more information on the types of properties and investments that interest you and your firm. There is definitely money to be made and progress to be had. Of course Donald Trump is a key factor in any commercial real estate venture. His success and knowledge has shown that there are opportunities and investment possibilities in many areas of the city. He keeps his eye on the picture and his finger on the pulse of the city.
Celebrity sightings are common with residents like Alec Baldwin, Kelly Ripa, Joe Sitt, Jimmy Fallon and Matt Lauer among the population. Now that our President Elect is the prominent NYC Citizen you can be sure there will be more interest from famous people and a boost in travel and tourism.
If you want to see what has been going on in the eclectic neighborhoods in New York City, take a look at the array of properties offered by Town Residential. This firm whose motto is My Town, Our Neighborhood, Your Home has listings in some of the most popular and newly revived and up and coming areas of the city. You can see for yourself how commercial developers have brought new life into many areas such as the Upper East Side, Chelsea, Brooklyn and Harlem to name a few. It may give you some ideas on where you may want to invest.
Make the most of your investment in New York City and make your mark in the commercial real estate market.