Commercial property development is an inherently risky endeavour that demands significant initial capital outlay yet can produce considerable profits in the long run.
Commercial property development companies enlist multiple firms to bring their projects to life, such as architecture and engineering firms that perform site studies. Furthermore, these lobbyists will negotiate with city planning departments for variances in their plans.
Tishman Speyer
Tishman Speyer, known for constructing some of the tallest office towers worldwide, has announced an aggressive industrial real estate investment and development strategy across America. They’ve joined with Mitsui Fudosan America to invest and create new industrial assets across both coasts – an expected partnership expected to raise $500 million in capital investment and target major cities along the way.
Tishman Speyer’s real estate holdings span both Europe and South America. In 1996, Tishman Speyer completed the MesseTurm office tower in Frankfurt, which at that time was continental Europe’s tallest building; and in Berlin, Tishman Speyer is developing a three-million square-foot mixed-use property near Potsdamer Platz featuring offices and retail space.
The firm is an industry leader in office, residential, cultural and mixed-use developments and offers tenants services designed to improve the quality of life in its properties. It includes backup child care services, on-site health screenings and medical services, travel planning, personal grooming services, rideshare services, community volunteer engagement initiatives, and food and catering.
Silverstein Properties
Silverstein Properties is a commercial property development companies specialising in commercial, residential, and hotel properties. Their services include project management, leasing, marketing and construction – with some of New York City’s best office spaces under their portfolio. Established over six decades ago, they boast a remarkable track record of creating projects that enhance local communities while leading innovation within the industry.
The company boasts a portfolio of high-quality assets valued at $10 billion, including ten office towers, four hotel developments, a luxury residential condominium on East 86th Street and two rental buildings on West 42nd Street containing 2,280 affordable housing apartments. Furthermore, their properties boast exceptional amenities like yoga rooms, phone booth rooms, open seating areas, and daily social and wellness activities – each unique property!
Silverstein participated in some significant real estate transactions during the 1990s. He led a team that created a million-square-foot shopping mall on Herald Square on an old Gimbel’s department store site and built an apartment tower over an adjacent Gimbel’s storefront in Times Square.
Boston Properties
Boston Properties develops, acquires, manages, and owns a Class A commercial real estate portfolio that spans offices, life sciences facilities, retail real estate properties and hotels – and hotel accommodations – serving a diverse clientele, including financial services companies, media/technology firms and law firms. Their office portfolio resides primarily within dynamic gateway markets such as Boston, Los Angeles, New York City and San Francisco.
BXP is an independent real estate investment trust focused on developing and owning premier workplaces across Boston, Seattle, New York City, San Francisco and Washington DC. BXP specialises in redevelopment, leasing and capital management as its core services offerings.
Boston Properties was established in 1970 as one of the country’s premier publicly traded developers, owners, and managers of premier workplaces in the U.S. In addition to having its headquarters in Boston, BXP also maintains offices in Seattle, New York City, San Francisco Bay Area. BXP boasts over 50 Million Square Feet in high-profile office towers and shopping centres within its portfolio.
Comparably, reports that BXP employees are delighted with their company culture. Employees rated Compensation and Manager as ranking among the Top 25% of similar-sized companies, while Perks And Benefits scored within the Top 40%. Employees also had a positive onboarding experience, with 75% reporting that their manager assisted in helping them to adapt quickly.
Related Companies
Since 1972, Related Companies has been the world’s preeminent privately-owned real estate firm and an industry leader, with fully integrated divisions dedicated to development, acquisitions, finance, management, marketing and sales. Boasting offices in New York City, Boston, Los Angeles, London and Miami and boasting over 4,000 experienced professionals, Related has created numerous landmark developments – super luxury residential condominiums/apartments/rental apartments as well as large format retail centres/mixed-use projects, among others.