Commercial property development encompasses creating, managing and leasing/selling real estate for commercial use. Commercial property development companies work alongside diverse professionals to bring their projects to fruition.
The Related Companies
The Related Companies is the country’s premier real estate development firm, best known for developing luxury residential properties and significant mixed-use developments in urban markets. Equinox Fitness Club also falls under its ownership. Their senior management team averages over 20 years of industry experience combined, giving them the expertise to tackle even the most challenging projects easily.
Related has an expansive pipeline of new developments spanning New York City and other key markets. Their commercial portfolio features office buildings, retail outlets and parks, while their residential development includes affordable and market-rate condominiums and high-end hotels. Furthermore, Related is growing its footprint through joint ventures and partnerships with major financial institutions.
Commercial property development companies service offerings span real estate investment and development, financing, property management and sales. In addition, Related operates its construction arm known as Related Construction, which has completed projects totalling more than $20 billion. Related is committed to sustainable design, with over $10 billion worth of green development underway or completed since 2005 and established the CORE Institute, which offers best-in-class education and training for sustainable planning.
Tishman Speyer
Tishman Realty & Development was established by Julius Tishman, an American real estate developer and philanthropist. At first, Tishman specialised in building and operating large office buildings in New York City, shopping centres, and apartment buildings. After World War II, Tishman expanded by building more office buildings in Los Angeles; by 1960, they had become one of the significant landlords in southern California.
Tishman Speyer began the construction of commercial buildings outside the US during the 1980s. Their inaugural international project was MesseTurm in Frankfurt which, at 62 stories, became continental Europe’s tallest building. Tishman Speyer also constructed some of reunified Germany’s tallest office towers.
Today, Tishman Speyer is led by President and CEO Rob Speyer. Under his direction, Rockefeller Center underwent its iconic reinvention with its Top of the Rock observation deck and numerous projects worldwide. Additionally, Rob spearheaded Tishman Speyer’s launch of its Real Estate-focused SPAC as one of its significant real estate developments worldwide.
Boston Properties
Boston Properties develops, owns and manages premier workplaces across Boston, Los Angeles, New York City, San Francisco, Seattle and Washington, DC. Operating from full-service regional offices with exceptional tenant relations as their core strategy, Boston Properties invests in leasing office buildings to financially strong tenants for sustained revenue streams.
Boston Properties’ headquarters is in Boston, MA. The company provides office, retail, industrial space, and tenant services, including build-to-suit projects and brokerage services for tenants. Furthermore, Boston Properties invests in residential and hotel real estate property portfolios.
Boston Properties had long relied on laborious and manual accounts receivable processes requiring paper-based workflows for its accounts receivable processes, costing too much while not meeting their REIT culture of exceptional tenant relations. By adopting Versapay, however, they could streamline these procedures significantly while decreasing productivity by decreasing manual steps in their processes, eliminating back-and-forth with customers, and eliminating costly backlogs in accounts receivable productivity.
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Silverstein Properties
Silverstein Properties is a New York City-based real estate development, investment and management firm specialising in office, residential, hotel and retail properties, operating since 1957 with over 100 buildings under their portfolio management umbrella. Silverstein’s focus lies on large-scale complex projects that require innovative approaches to design and construction techniques.
Silver Towers, located in Hell’s Kitchen and comprising two 60-story towers connected by six- and 12-story bases and inclusionary rental buildings, boasts high-profile tenants such as Google and Spotify, luxury apartment communities, as well as 571 apartment homes spanning two 60-story towers connected by six-stories of base building with 12-stories of inclusionary rental building; there’s even a rooftop pool feature!
