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Posts Tagged ‘Andrew Cuomo’

  • (inset: Andrew Cuomo)

    A Benetti super-yacht (inset: Andrew Cuomo)

    The New York state budget bills passed by the Legislature on Monday night included sales tax breaks on the purchase of private planes and yachts. [more]

    8 Comments
  • Gov.  Andrew Cuomo and Sunnyside Yards

    Gov. Andrew Cuomo and Sunnyside Yards

    The idea of a massive Queens convention center that would replace the West Side’s Jacob Javits Center has foundered before, but now Governor Andrew Cuomo appears to be returning to the concept in the face of Mayor Bill de Blasio’s designs to build affordable housing in the Sunnyside neighborhood. [more]

    3 Comments
  • Gov. Andrew Cuomo and Brookdale Hospital in Brownsville

    From left: Gov. Andrew Cuomo and Brookdale Hospital in Brownsville

    State officials are considering construction of a new medical facility in Brooklyn that could replace the borough’s struggling Brookdale Hospital.

    Following Gov. Andrew Cuomo’s State of the State address yesterday, outgoing budget director Bob Megna floated the idea of a new Brooklyn hospital.  [more]

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  • Andrew Cuomo

    Andrew Cuomo

    Governor Andrew Cuomo said in his State of the State speech today that New York will invest $486 million to help build and preserve low-cost housing in the state.

    About $257 million of those funds would come out of the state’s share of a $13 billion settlement with JPMorgan Chase over mortgage-bond sales, he said. [more]

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  • Cuomo proposes $1.7B property tax break

    January 14, 2015 03:15PM
    cuomo

    Andrew Cuomo

    Governor Andrew Cuomo unveiled a proposal today to provide a $1.7 billion break on New York state property taxes.

    The plan is part of the governor’s proposed state budget. More than 1 million households that own real estate as well as 1 million renters would benefit from the tax relief. The tax break applies to homeowners who earn less than $250,000 per year and pay property taxes that comprise more than 6 percent of their income. [more]

    7 Comments
  • From left: the Albany statehouse, Steven Spinola and Andrew Cuomo

    From left: the Albany statehouse, Steven Spinola and Andrew Cuomo

    As state lawmakers have returned to work and Governor Andrew Cuomo has been inaugurated for his second term, one of the most important issues on the agenda in Albany will be housing related. [more]

    15 Comments
  • cuomo-affordable

    From left: William Murrow and Andrew Cuomo

    The nonprofit New York Housing Conference has proposed that New York Governor Andrew Cuomo create a $1 billion fund for affordable-housing capital.

    The fund, under the aegis of the state Homes and Community Renewal Agency, would offer credit enhancement or loans to developers. The fund would serve as a one-time expense, but all low-interest loans could go back into the fund for upcoming affordable-housing investments. [more]

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  • cuomo-litwin

    From left: Leonard Litwin and Andrew Cuomo

    Glenwood Management CEO Leonard Litwin, the biggest contributor to Governor Andrew Cuomo’s victorious re-election campaign, was also the top donor for the state Senate races. Of the $1.5 million he donated, 79 percent helped Republicans while 9 percent helped Democrats. An analysis by Capital New York showed that Cuomo’s 25 top donors contributed six times as much to help elect Republicans to the Senate as they did to similar effort to help Democrats. [more]

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  • From left: Sue Serino, Steven Spinola and Terrence Murphy

    From left: Sue Serino, Steven Spinola and Terrence Murphy

    It looks like New York City’s real estate industry got what it wanted this election season. [more]

    1 Comment
  • From left: Leonard Litwin, Kathy Hochul and Andrew Cuomo

    From left: Leonard Litwin, Kathy Hochul and Andrew Cuomo

    Billionaire real estate magnate Leonard Litwin has outspent all political donors. [more]

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  • From left: Governor Andrew Cuomo and LIPA crews

    From left: Governor Andrew Cuomo and LIPA crews

    Gov. Andrew Cuomo interfered with a commission tasked with looking into the post-Superstorm Sandy operations of  the Long Island Power Authority much in the same way as he did with a commission tasked to look into public corruption, according to a new investigative report from the New York Times.  [more]

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  • From left: rendering of Hudson Yards, Bill de Blasio, Jamie Dimon, Stephen Ross and Andrew Cuomo

    From left to right (clockwise): rendering Hudson Yards, Bill de Blasio, Jamie Dimon, Stephen Ross and Andrew Cuomo

    JPMorgan Chase abandoned its plans to build $6.5 billion headquarters in Hudson Yards because the city and the state were unwilling to provide the subsidies the banking giant requested. But apparently, there was a second reason the plan fell through: the bank couldn’t come to an agreement with the complex’s developer, Related Companies. [more]

    3 Comments
  • REBNY’s political arm raises $1.9M

    October 14, 2014 08:00AM
    From left: Richard LeFrak, Leonard Litwin and Donald Zucker

    From left: Richard LeFrak, Leonard Litwin and Donald Zucker

    Jobs For New York, the political action committee that is backed by the Real Estate Board of New York, has raised $1.86 million in its first 11 days. [more]

    2 Comments
  • Rob Astorino and Gov. Andrew Cuomo

    Rob Astorino and Governor Andrew Cuomo

    From the September issue: Gov. Andrew Cuomo has raked in $42.7 million from more than 5,000 donors this election cycle. That’s compared with the $2.6 million his GOP rival Rob Astorino, the Westchester County Executive, collected from roughly 2,200 donors. (They had $35 million and $2.4 million on hand, respectively, as of late July.) [more]

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  • Newmark Holdings’ Jeff Gural

    Newmark Holdings’ Jeff Gural

    From the September issue: Real estate players have come out in force to back Gov. Andrew Cuomo this election cycle. But there are some important and controversial real estate–related issues that the governor is expected to tackle in the very likely case that he is reelected. And, sources said, that in doing so, he will likely disappoint some of his key industry supporters.

    Cuomo, whose office did not respond to requests for comment, will also have to contend with the popularity of a key state figure — his successor as Attorney General, Eric Schneiderman — who’s not always in lockstep with him. [more]

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  • Rob Astorino’s long-shot bid

    September 11, 2014 04:30PM
    Rob Astorino, the Westchester County Executive and GOP gubernatorial candidate

    Rob Astorino, the Westchester County Executive and GOP gubernatorial candidate

    From the September issue: Westchester County Executive Rob Astorino accepted the state Republican Party’s nomination to challenge Gov. Andrew Cuomo in May. But despite his pro-business platform and push to cut property taxes, real estate insiders said Astorino’s campaign is still not on their radar. [more]

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  • Real estate industry doubles down on Cuomo

    September 08, 2014 10:30AM
    Gov. Andrew Cuomo

    Gov. Andrew Cuomo

    From the September issue: Those who thought that Gov. Andrew Cuomo’s cozy relationship with the real estate industry would suffer because of allegations that he overstepped in his dealings with an anti-corruption panel should think again. [more]

    1 Comment
  • chinatown

    Bayard Street in Chinatown

    The state Division of Housing and Community Renewal is investigating Chinatown landlord Marolda Properties for allegedly forcing tenants out of rent-controlled apartments.

    Tenants accused the landlord of withholding services such as refusing to renew leases and kicking off unjustified eviction proceedings. The Tenant Protection Unit served a subpoena to Marolda earlier this month, claiming “abusive behavior.” [more]

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  • MoslerCuomoLitwin

    From left: Bruce Mosler, Governor Andrew Cuomo and Leonard Litwin (Credit: Steve Friedman)

    UPDATED, 12:10 p.m., August 13: Top New York real estate players continue to funnel their considerable financial resources to Governor Andrew Cuomo’s re-election campaign, a review of the latest state campaign finance filings show. [more]

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  • moreland

    From left: Andrew Cuomo and Michael Koenig

    New York state will be spend as much as $300,000 in legal fees for representation of the Moreland Commission during a federal investigation by the U.S. Attorney’s office.

    Hinckley, Allen & Snyder LLP was hired to represent the anti-corruption commission. Michael Koenig, the lead criminal defense attorney on the case, alone will receive $550 per hour, according to a contract cited by the Wall Street Journal. [more]

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