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New York

Spinola stepping down as REBNY president

Agency’s longest-serving head retiring at the end of 2015

Steven Spinola
Steven Spinola

Real Estate Board of New York President Steven Spinola, who has headed the trade association since 1986, will step down next year.

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Spinola’s planned retirement at the end of 2015 comes as New York City’s real estate industry continues to grapple with an uncertain political climate presumed to be less business- and developer-friendly, according to the Financial Times. Spinola will continue working with REBNY as a consultant after stepping down. He told the Financial Times that he hopes his successor will be someone who can work well with city government while representing the interests of the city’s real estate sector.

Rob Speyer, co-chief executive of developer Tishman Speyer and chairman of REBNY, told the paper that the group has already launched the search for a replacement.[Financial Times] — Julie Strickland

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