The Real Deal New York

Posts Tagged ‘mayoral race’

  • De Blasio announcing his run for mayor in front of his Park Slope townhouse on 11th Street

    De Blasio announcing his run for mayor in front of his Park Slope townhouse on 11th Street

    Mayor-elect Bill de Blasio ponied up his quarterly property taxes late – the New York Post is blaming his countless hours of campaigning for his tardiness – and got nailed with a $3.43 fine. De Blasio missed the deadline for the quarterly property tax payment of $660.26 on his Brooklyn townhouse, which led the Department of Finance to lay the smackdown. [more]

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  • Lhota: Too little, too late?

    November 05, 2013 10:30AM
    Joe Lhota on the campaign trail

    Joe Lhota on the campaign trail

    From the November issue: Late last month, a federal appeals court ruled that a political action committee supporting Republican candidate Joe Lhota could begin accepting contributions of any size. The ruling, which struck down an earlier $150,000 annual cap on donations, was a shot in the arm for Lhota, who, according to the city’s Campaign Finance Board, raised only $700,000 in the first three weeks of last month, compared to his rival Bill de Blasio’s $3.7 million. [more]

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  • Bill de Blasio

    Bill de Blasio

    Public Advocate Bill de Blasio said last night that a big win for him in today’s mayoral election would give him the authority to carry out his progressive agenda. De Blasio has a commanding 40-point lead over his GOP rival Joe Lhota, and has been steadily pulling in the support of real estate executives, as The Real Deal reported. [more]

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  • Bill de Blasio on the campaign trail

    Bill de Blasio on the campaign trail

    From the November issue: At a gathering of some 800 New York City business leaders last month, real estate mogul Bill Rudin invited Bill de Blasio to the lectern. Slightly ill at ease in his 6’5’’ frame, de Blasio proceeded to outline a vision for New York City that included the end of “giveaways” to luxury housing developers, and pledged to end what he termed the “affordability crisis.” Needless to say, he wasn’t exactly pandering to the crowd. [more]

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  • From left: Marc Holliday, Bill de Blasio and Scott Rechler

    From left: Marc Holliday, Bill de Blasio and Scott Rechler

    The real estate industry is known for supporting Republican politicians and their tax-cutting, pro-business policies. But mayoral frontrunner and Democrat Bill de Blasio is gaining ground within the community, and some of the industry’s biggest players conceded that installing the public advocate in City Hall wouldn’t be so bad. [more]

    5 Comments
  • The November issue is live!

    November 01, 2013 01:02PM
    The Real Deal's November 2013 issue

    The Real Deal’s November 2013 issue

    For New York City’s biggest residential real estate brokerages, competing for listings is something of a blood sport, one that continues to get more frenzied amid an inventory shortage. To find out which firms reign supreme in which areas of the city, The Real Deal pored over thousands of for-sale listings in 50 different neighborhoods across Manhattan and Brooklyn, for our November cover story “Who has the tightest grip on NYC?” now available online. [more]

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  • From left: Jack Hidary, a rendering of Hudson Yards and a rendering of Willets Point

    From left: Jack Hidary, a rendering of Hudson Yards and a rendering of Willets Point

    Brooklyn native Jack D. Hidary is a respected technology entrepreneur, angel investor, board member of nonprofits such as the Clinton Global Initiative, and a cousin to his namesake Jack A. Hidary, the CEO of Hidrock Realty, which owns several properties in New York City, including the Courtyard by Marriott hotels at 960 Avenue of the Americas and 133 Greenwich Street. What’s less well-known about Hidary is that he’s running to be mayor of New York City. [more]

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  • Bill de Blasio and 384 11th Street (left)

    Bill de Blasio and 384 11th Street

    While Bill de Blasio hasn’t yet ascended to the city’s highest office, he’s already made the grade in his role as landlord. The public advocate and front-runner to become the next mayor rents out a duplex home at 384 11th Street in Park Slope – very close to his own townhouse – and he’s been a big hit with his tenants. [more]

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  • From left: Joe Lhota, a view of Atlantic Yards and Bill de Blasio

    From left: Joe Lhota, a view of Atlantic Yards and Bill de Blasio

    In a heated mayoral debate last night, Republican candidate Joe Lhota attacked his Democratic rival and mayoral front-runner Bill de Blasio for not doing enough to get affordable housing built at Forest City Ratner’s Atlantic Yards project. [more]

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  • Bill de Blasio and 384 11th Street (left)

    Bill de Blasio and 384 11th Street (left)

    Mayoral front-runner and Public Advocate Bill de Blasio failed to properly report tens of thousands of dollars in annual rental income. City law dictates that elected officials must disclose any rental income, but de Blasio’s filings with the city’s Conflicts of Interest Board since at least 2007 do not disclose the income on a Park Slope rental property that he owns. [more]

    6 Comments
  • City Hall

    City Hall

    From the October issue: For 11 years, it’s been one of the more popular and reliable career paths after a stint with Mayor Michael Bloomberg: a job in the real estate industry. [more]

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  • lhota-de-blasio

    From left: Joe Lhota and Bill de Blasio

    Mayoral front-runner Bill de Blasio’s proposal to freeze rents at rent-stabilized apartments has vexed landlords, who said they would fight the plan. The next mayor will have the ability to appoint four new members to the Rent Guidelines Board, which sets rent rates for a million New York City apartments, and De Blasio has announced his intent to select pro-tenant, pro-stabilization members.

    A spokesperson for De Blasio said that were the candidate elected, he would push the board to not increase the rent during its annual vote in June. [more]

    8 Comments
  • Editor’s note: Life under Mayor Bill

    October 01, 2013 04:30PM
    Stuart Elliott

    Stuart Elliott

    From the October issue: Talk about a real estate upgrade. When Bill de Blasio is handed the keys to Gracie Mansion — which seems likely given the latest polls — it will be a major step up from his Park Slope home, where he shares a single bathroom with his family (see “Going to Gracie-land”).

    But let’s face it, it will also mean a less friendly tenant in City Hall for New York’s real estate industry. When it comes to taxes, zoning, landmarking and other key issues, Mayor Bill will differ a lot from Mayor Mike. [more]

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  • From left: Bill de Blasio and Gary LaBarbera

    L-R: Bill de Blasio and Gary LaBarbera

    A major trades council that works closely with City Hall and the construction industry is backing Public Advocate Bill de Blasio for mayor. The Building and Construction Trades Council of Greater New York, which is affiliated with about 100,000 union members, gave its endorsement today, praising what it described as de Blasio’s commitment to responsible development, affordable housing and job creation. [more]

    3 Comments
  • lhota-de-blasio

    From left: Joe Lhota and Bill de Blasio

    As property taxes continue to climb in the city, mayoral hopefuls Bill de Blasio and Joe Lhota both pay less for their upscale digs than many homeowners.

    De Blasio owns a pair of two-family homes on 11th Street in Park Slope that are valued at more than $1.1 million apiece. He pays $2,900 in taxes for each home. Lhota owns a penthouse duplex at a Pierrepont Street co-op in Brooklyn Heights that asks $1.7 million on average for a unit. He pays $11,000 in taxes. [more]

    6 Comments
  • bill-thompson-mayor

    Bill Thompson

    Mayoral hopeful Bill Thompson, who supports more affordable housing citywide, is conceding the Democratic primary to top vote-getter Bill de Blasio, according to sources close to both candidates. Thompson came in second last week in a field of nine — five of them serious contenders.

    Thompson’s departure lets de Blasio avoid a runoff and concentrate on the Nov. 5 general election against Republican Joe Lhota. Election officials were going to begin counting nearly 80,000 paper ballots. Without the count, De Blasio received 40.3 percent of the vote with 99 percent of precincts reporting. He needed 40 percent to win the nomination outright. Thompson had been holding out for all the ballots to be counted. [more]

    1 Comment
  • From left: Bill de Blasio and Steven Spinola

    From left: Bill de Blasio and Steven Spinola

    Bill de Blasio’s terrific showing in the Democratic mayoral primary has business leaders nervous about what’s to come from the liberal candidate, but Steven Spinola, who leads the real estate industry’s chief lobbying organization, is insisting that both de Blasio and his Republican rival Joe Lhota are equipped to deal with the city’s greatest need: the budget.

    “We are approaching what may be a budgetary crisis,” Spinola, the president of the Real Estate Board of New York, told the Wall Street Journal. “But I’m optimistic that either candidate can deal with that.” [more]

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  • From left: Christine Quinn and Mary Ann Tighe

    From left: Christine Quinn and Mary Ann Tighe

    Mary Ann Tighe, the chief executive officer of CBRE Group and one of real estate’s most powerful women, met with City Council Speaker Christine Quinn several weeks before the primary election and cautioned her to tone down her tough persona or risk alienating voters in the mayoral race.

    Tighe had the face-to-face with Quinn in July, warning the once front-runner that the qualities that had made her so successful – drive and ambition, for example – could make voters perceive her as unsympathetic, according to the New York Times. [more]

    2 Comments
  • candidates

    From left: Bill de Blasio, Joe Lhota

    From the September issue: Last night, Joe Lhota won the Republican primary for mayor, while Bill de Blasio led the field of Democrats (though it remains to be seen whether he’ll face a runoff with rival Bill Thompson). This month, The Real Deal spoke to the candidates to get their views on rezoning, affordable housing, property taxes and other issues of interest to the real estate community. See the jump for Lhota’s and de Blasio’s responses.

    2 Comments
  • Clockwise from left: Bill de Blasio, Christine Quinn, John Liu, Bill Thompson, John Catsimatidis, Joe Lhota

    Clockwise from left: Bill de Blasio, Christine Quinn, John Liu, Bill Thompson, John Catsimatidis, Joe Lhota

    Mayoral candidate and former City Comptroller Bill Thompson only lasted three months in his first post-college apartment on Prospect Park West in Park Slope. A robbery forced him out. Current front-runner Bill de Blasio lived on the now-swanky Spring Street in Soho, along with his children and brother. But he was fuzzy about the details of the apartment, as, unbeknownst to him, it was an illegal sublet from which he was soon evicted.

    And Joe Lhota, his rival in the race, lived across the street from a crack den on the Upper West Side while cutting his teeth as an investment banker. “You didn’t walk on that side of the street,” Lhota said. [more]

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