The Real Deal New York

Posts Tagged ‘real estate board of new york’

  • From left: Ingrid Ellen and John Banks

    From left: The Furman Center’s Ingrid Ellen and REBNY’s John Banks

    The Real Estate Board of New York supports proposed changes to the 421a tax abatement program, and a new study by NYU’s Furman Center offers a clue why: it would likely drive up developers’ profits.

    A report published Monday found that total returns from new rental development would likely rise across the city under the proposed new 421a regime compared to its predecessor. Unsurprisingly, the report’s authors argue this could lead to more development of both affordable and market-rate housing. [more]

  • From left: Carl Hum and Angela Sung Pinsky

    From left: Carl Hum and Angela Sung Pinsky

    Policy operative Carl Hum, who served in former Mayor Michael Bloomberg’s administration and led the Brooklyn Chamber of Commerce, will join the Real Estate Board of New York to be the trade group’s point person on building-management policy.

    He is replacing Angel Sung Pinsky, who stepped down to take a position at the Association for a Better New York. [more]

  • REBNY promotes Whelan to EVP

    July 13, 2015 01:25PM
    From left: Louis Coletti and James Whelan (credit: Adam Pincus)

    From left: Louis Coletti and James Whelan (credit: Adam Pincus for The Real Deal)

    The Real Estate Board of New York promoted James Whelan, a former Bloomberg administration official and Muss Development executive, to executive vice president.

    Whelan served as REBNY’s senior vice president of public affairs since 2010 and will now “lead the organization’s initiatives to address select political, communication and advocacy issues,” REBNY said Monday. [more]

  • The New York City skyline and Council member Donovan Richards (inset)

    The New York City skyline and Council member Donovan Richards (inset)

    New York City’s lights might shine a bit less bright if a City Council bill to limit nighttime illumination in the city’s large, commercial buildings passes. The Real Estate Board of New York, however, is against the plan. [more]

  • Barnett-Elghanayan-Jobs4NY

    From left: Gary Barnett, Thomas Elghanayan, Richard Lefrak, Leonard Litwin and Donald Zucker

    New York City’s biggest real estate developers made a big splash in the political arena this month just before the election, forking out more than $2.5 million to Jobs for New York, a pro-industry political action committee backed by the Real Estate Board of New York. [more]

  • dataThe Real Estate Board of New York will adopt a widely used web marketing tool that makes it easier for consumers to search listings from multiple brokers on a single brokerage’s website.

    Following the integration of the Internet Data Exchange, or IDX, potential renters and buyers will no longer have to go through a registration process to access listings provided through REBNY’s RLS data platform, the trade group said Thursday. [more]

  • REBNY-Midtown Uptown

    Average ground-floor asking rents in Midtown and Uptown, spring 2008 to 2014, from REBNY

    Some of Manhattan’s most popular shopping districts such as Madison Avenue, Times Square and Upper Fifth Avenue are seeing record ground floor asking rents even as prices fall on the Upper East and Upper West sides, a semi-annual report from the Real Estate Board of New York shows. [more]

  • rebny-banquet

    The 2013 Real Estate Board of New York banquet at the New York Hilton Hotel (Inset: Mayor Bill de Blasio)

    Like his predecessor, Mayor Bill de Blasio will attend the Real Estate Board of New York’s annual banquet tomorrow night, despite the seemingly rocky relationship between hizzoner and the industry. [more]

  • Peg Breen and Steven Spinola

    Peg Breen and Steven Spinola

    Landlords are hoping that Mayor Bill de Blasio will be a strong ally in their quest to reduce large-scale landmarking in the city, a phenomenon that they argue hurts development and reduces the city’s affordable housing stock.

    Developers and lobbyists are betting that they can win de Blasio’s support by tying landmarking to de Blasio’s core campaign issues – namely the creation or preservation of at least 200,000 affordable units over the next decade. [more]

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  • Steven Spinola and a REBNY illustration

    REBNY head Steven Spinola and a political cartoon

    Jobs for New York, the political action committee backed by the Real Estate Board of New York, is looking to become a player in next year’s state elections after spending nearly $7 million to influence City Council races this year.  All 213 members of the New York State Legislature are up for election next year, and if REBNY chooses to donate to candidates through the PAC, it would represent a shift away from the direct-donation strategy that real estate executives have used for several years at the state level. [more]

  • REBNY wins big in council races

    September 11, 2013 11:22AM
    From left: Steven Spinola, REBNY illustration and Margaret Chin

    From left: Steven Spinola, REBNY illustration and Margaret Chin

    The real estate industry had a good day at the City Council races, with 16 of its 22 candidates finding themselves in the winner’s circle, according to an analysis of campaign finance records by The Real Deal. Jobs for New York, a political action committee created by the powerful Real Estate Board of New York and endowed by many of its deep-pocketed players, bet roughly $4.23 million on 22 races — and received a good return on its money, the analysis shows. [more]

  • barbolla-garfinkel-fazio

    From left: Michael Barbolla, Neil Garfinkel and Alfred Fazio

    If associate brokers want an oversight role as a manager or supervisor at a firm, they must upgrade to a broker license first, according to another clarification of the state’s real estate law.

    The state’s initial crackdown on titles in April barred hundreds of brokers from using elevated titles such as vice president, senior vice president or director if they did not own shares in their respective firms. [more]

  • An aerial shot of Manhattan and Brooklyn

    An aerial shot of Manhattan and Brooklyn

    Housing market gains in New York City’s outer boroughs are eclipsing those  in Manhattan, the Wall Street Journal reported, citing data from the Real Estate Board of New York .

    City-recorded sales of homes in Brooklyn, Queens and Staten Island – including condominiums and co-ops – rose 13.4 percent year-over-year in the second quarter, shows a new report from REBNY report. Overall Manhattan sales were flat year-over-year in the second quarter, as The Real Deal reported. [more]

  • broker-titles

    From left: Diane Wildowsky, Frederick Peters and Jill Gullace

    UPDATE, July 17, 6:05 p.m.: Shortly after the New York State Department of State announced that brokers could no longer use honorary titles, Diane Wildowsky fired off two emails to her brokerage, Sotheby’s International Realty, to quell her anger. [more]

  • From left:

    From left: Senator Lee Zeldin, Peter Hennessy and Paul Purcell

    Residential and commercial brokers are barred from offering cash payments to buyers, sellers, landlords and tenants they represent, unless that person is an attorney or a licensed broker — or so the industry axiom goes. In fact, so-called rebates are perfectly legal. But in the face of widespread confusion, New York State is in the midst of enacting a law to bring clarity to a muddled part of the brokerage profession. [more]

  • Steven Spinola

    The union that represents doormen and service workers is teaming up with the Real Estate Board of New York to screen mayoral candidates beginning this week, Capital New York reported.

    The groups — which have often been at odds over the years — will ask the Democratic mayoral candidates questions at the Sheraton beginning tomorrow. Next month, the group will screen the Republican mayoral candidates.


  • Steven Spinola, president of REBNY, and Mary Ann Tighe, REBNY chairperson

    Average asking rents are continuing to climb in some major Manhattan retail corridors due to high demand and a limited availability of space, according to the Real Estate Board of New York’s fall Manhattan retail market report, which was released today. Overall in Manhattan, however, asking rents were down 4 percent from the spring and 2 percent year-over-year due to prime spaces already being occupied by tenants.

    One of the areas that stands out is lower Fifth Avenue, between 42nd and 49th streets. In fall 2012, average asking rents ticked in at $1,021, up 13 percent from the spring 2012 figure of $900 and a cool 51 percent increase from the same period last year when the average came in at $675. [more]

  • Rob Speyer

    Tishman Speyer President and co-CEO Rob Speyer has been appointed the next chairman of the Real Estate Board of New York. He will succeed CBRE Group Tri-State CEO Mary Ann Tighe beginning in January 2013, the organization announced today.

    Speyer is the third consecutive generation of his family to hold REBNY’s top post. His father, Jerry Speyer, was chairman from 1986 to 1988 and his grandfather, Robert Tishman, possessed the title the role from 1972 to 1975. It marks the first time in the organization’s 117-year history that a third succeeding generation served as chair and, at 43 years old, Rob will be the youngest REBNY chairman ever. [more]

  • Manhattan Beep Scott Stringer

    Now that support for the Upper West Side retail rezoning has moved beyond local advocates and to the borough president’s office, other communities are beginning to consider similar legislation.

    Crain’s reported that community boards in Tribeca, the East Village and Upper East Side are weighing restricting storefronts in order to preserve mom-and-pop shops and encourage a particular set of retail tenants. The Tribeca and East Village-Lower East Side advocates are focusing on the loss of local businesses and the saturation of night life in the areas. [more]

  • Last month, a Manhattan appellate court reversed an earlier decision and linked building mold with serious illnesses, sending waves of fear through property owners as lawsuits could increase, according to the Wall Street Journal.

    The reversal comes four years after an earlier ruling, in a case involving an East 52nd Street co-op, that the scientific evidence of a mold-illness relationship was weak. Meanwhile, since 2007 there has been a 19 percent increase in the number of mold-related housing violations in the city, climaxing at 15,942 such violations last year, and a 67 percent increase in the number of violations categorized as “immediately hazardous.” [more]