Top Commercial Real Estate Companies to Contact in the New York City Area
New York City is home to some of the most valuable real estates in the world. Understandably, therefore, the city is also home to some of the most innovative real estate companies and developers in the world. So active is the real estate industry in New York City that between 2011 and 2015, over 440 residential projects were developed covering over 64 million square feet and providing well over 47,285 units in the city. The city’s real estate industry has grown in size and reputation over the past few decades, attracting the attention of several national celebrities with Leonardo Dicaprio, Joe Sitt, George Clooney, Alex Rodriguez and David Robinson key among them.
Several companies have been in the forefront of making New York City a reputable hub from real estate and setting it apart from other cities around the world. Key among these are discussed here.
1. Related Companies
This is the biggest landlord in New York City currently. It controls over 5.8 million square feet of property, including some of the most sought after estates in the city. Further, they are currently in the middle of constructing one of the largest housing projects in the country. Dubbed the Hudson Yards Project, it covers 17.4 million square feet and is expected to contain five office towers, 500 residential units, and much more retail space.
2. The Chetrit Group
The Chetrit Group is a real estate company headquartered in Manhattan which has been involved in the development of over ten buildings in the city. These structures provide around 1,097 residential units covering well over 2.96 million square feet. They are most active in Brooklyn, where they have developed properties over 1.6 million square feet and comprising 1,421 residential units.
3. Extell Development
This is considered the second biggest real estate company in the city and is responsible for the development of over 4.5 million square feet of property in the Manhattan area of New York. These projects, accounting for 12 buildings, include 2,249 residential units.
4. HFZ Capital
HFZ Capital is another of the major players in the New York real estate industry and may be considered the fourth biggest company in this field. They have been involved in the development of properties accounting for 1,094 residential units and covering over 2.69 million square feet. It is also a major stakeholder in Macklowe Properties which has developed 779 housing units covering over 1.9 million square feet.