The Real Deal New York

Posts Tagged ‘REBNY’

  • From left: John Banks, Steven Spinola and Gary Labarbera

    From left: John Banks, Steven Spinola and Gary Labarbera

    Formal discussions between trade groups representing developers and construction workers over the revised 421a tax abatement are set to begin in a few weeks.

    John Banks and Steven Spinola, the current and former heads of the Real Estate Board of New York, respectively, have already begun to meet with their counterpart, Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York, a construction workers union umbrella group, with official negotiations set to begin as early as late September. [more]

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  • New York Attorney General Eric Schneiderman

    New York Attorney General Eric Schneiderman

    Scores of developers are disregarding rent-regulation and disclosure requirements under 421a, officials charged in a letter sent to the owners of nearly 200 buildings.

    The letter, issued by three agencies, including the New York Attorney General’s Office, gives owners a “one-time, non-negotiable opportunity” to fulfill the requirements without penalty. [more]

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  • From left: REBNY President John Banks, Senator Mike Gianaris and REBNY executive vice president Jim Whelan

    From left: REBNY President John Banks, Senator Mike Gianaris and REBNY executive vice president Jim Whelan

    Real Estate Board of New York head John Banks was spotted this week power lunching at the Capital Grille in Midtown with state Senator Mike Gianaris — and it looked like Banks was playing hardball, with REBNY executive vice president Jim Whelan also in attendance. [more]

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  • cat-lionNew York City brokers’ confidence dropped ever-so-slightly in the second quarter of 2015, though attitudes have largely remained on an even keel for the past two years, according to the Real Estate Board of New York’s latest broker confidence report.

    The small dip was attributed to concerns over interest rates, especially among residential brokers, as well as lack of inventory. The overall measure for Q2 was 8.84, down from 9.05 in the year’s first quarter, though unchanged from one year ago. [more]

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  • John Banks

    John Banks

    The Real Estate Board of New York has raised $3 million to bury a provision that would require construction workers be paid a prevailing wage on 421a projects, according to a filing with the New York State Joint Commission on Public Ethics.

    Television ads created through an entity called “Putting New Yorkers to Work Inc.” contend that a prevailing wage requirement will stymie affordable housing efforts.
    The filing shows a flurry of activity from May 8 through June 18, with some of the city’s biggest developers donating to the cause in time for the passage of the 421a deal. [more]

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  • 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]

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  • Is 421a here to stay?

    July 01, 2015 04:45PM
    The New York State Capitol

    The New York State Capitol

    From the July issue: Out of a seemingly perfect storm of gridlock, an incomplete, last-minute deal on rent regulations and the 421a tax abatement program emerged in Albany late last month. But a key yet-to-be-hammered out provision could hamper developers’ ability to plan projects for the rest of the year. [more]

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  • retail winners

    From left: Mark Kapnick, Corey Zolcinski, Matt Ogle and Pat Smith of SRS Real Estate Partners; Frank Liantonio, James Downey and Eric Le Goff of Cushman & Wakefield

    The Cushman and Wakefield brokers who spent six years working to land a tenant for the Wildenstein townhouse on the Upper East Side earned themselves an award for their efforts.

    “This transaction began as a seemingly straightforward leasing assignment. Four days later, Lehman Brothers collapsed,” Ripco Real Estate’s Andrew Mandell, chair of the Real Estate Board of New York’s retail committee, explained Tuesday evening at the trade group’s annual retail award ceremony. [more]

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  • REBNY, unions clash over 421a

    May 26, 2015 11:55AM
    Screenshot from the advertisement (credit: Affordable Housing and Local Jobs Now)

    Screenshot from the advertisement (credit: Affordable Housing and Local Jobs Now)

    The Real Estate Board of New York is going to bat over 421a with a new advertisement aimed at discouraging lawmakers from including a prevailing wage requirement in the package.

    The 421a tax abatement program expires on June 15, and whether it will be amended or renewed at all is still up in the air. Union groups have been advocating for any extension of 421a to include a requirement that projects benefiting from the program adhere to a prevailing wage requirement, according to Capital New York. [more]

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  • Herald Square

    Herald Square

    Five of Manhattan’s hottest retail corridors saw asking rents get double-digit percentage increases year-over-year, with two of them rising over 20 percent, according to CBRE’s retail report for the first quarter of 2015. [more]

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  • REBNY is afraid of the dark

    April 29, 2015 05:31PM
    Blackout in Manhattan

    Blackout in Manhattan

    Bright lights, big city. And the Real Estate Board of New York wants to make sure it stays that way.

    A REBNY representative showed up at a City Council committee hearing Wednesday to stress the trade group’s opposition to a bill that would limit illumination in the city’s commercial and retail buildings at night. [more]

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  • Qiongjiu Guo, Carl Shorett, Darcy Stacom and Bill Shanahan

    Qiongjiu Guo, Carl Shorett, Darcy Stacom and Bill Shanahan

    CBRE’s Darcy Stacom and Bill Shanahan two-stepped their way to the industry’s top honor for dealmakers last evening as they took home the first-place prize in the Real Estate Board of New York’s annual Ingenious Deal awards. [more]

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  • cat lionNew York City brokers’ confidence remained high but fell slightly in the first quarter of 2015, driven by the potential impact of rising interest rates and low inventory, according to the latest Real Estate Board of New York confidence index report.

    Overall broker confidence was at 9.05, compared with 9.22 in the fourth quarter of 2014 and 8.80 in the third quarter.

    “Brokers are showing bullish confidence in this healthy market and continue to be positive about the robust sales and leasing activity throughout the city,” said Steven Spinola, president of REBNY. [more]

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  • From left: Steven Spinola, Leonard Litwin and Andrew Cuomo

    From left: Steven Spinola, Leonard Litwin and Andrew Cuomo

    Members of the Real Estate Board of New York and their firms spent $21.7 million on campaign contributions during the most recent state-level elections, accounting for more than a tenth of the total of donations. [more]

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  • The Mandarin Oriental in Columbus Circle (inset: REBNY president Steven Spinola and Corey Johnson)

    The Mandarin Oriental in Columbus Circle (inset: REBNY president Steven Spinola and Corey Johnson)

    The Real Estate Board of New York and other industry organizations are fighting City Council legislation that would make it trickier to convert existing hotels to residential or other use. [more]

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  • Eileen Spinola leaving REBNY

    February 13, 2015 02:34PM
    Eileen Spinola (Credit: Steve Friedman)

    Eileen Spinola (Credit: Steve Friedman)

    Eileen Spinola, the wife of outgoing Real Estate Board of New York President Steven Spinola and a key behind-the-scenes influencer at the city’s most powerful trade group, is leaving the organization.

    “About a year ago, my husband and I made the difficult decision to retire,” Ms. Spinola said in a statement. “Time stands still for no one and although I am leaving a dream job I will now have the time to pursue dreams deferred.” [more]

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  • catlion

    New York City brokers are more bullish on the real estate market than they’ve been in two years. Broker confidence is at its highest since the spring of 2012, the first year that Real Estate Board of New York began taking brokers’ temperatures on market strength.

    Broker confidence overall rose to 9.22 in the fourth quarter of 2014, up from 8.8 in the third quarter, according to a REBNY survey. The index is also up from 9 during the fourth quarter of 2013. [more]

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  • From left: Steven Spinola poses with Mayor Bill de Blasio and Rob Speyer at the 2015 REBNY gala

    From left: Steven Spinola poses with Mayor Bill de Blasio and Rob Speyer at the 2015 REBNY gala (Credit: Gotham for REBNY)

    The Real Estate Board of New York’s balance sheet showed its narrowest operating-profit margin in recent years, as the city’s most powerful lobbying group saw its legal bills spike 171 percent, according to the nonprofit’s most recently available tax filings.

    REBNY posted a gain of $47,593 on its essential business operations such as collecting member dues and putting on the group’s yearly gala in 2013, down from roughly $830,000 the year before, its 2013 tax forms filed with the federal government show. [more]

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  • REBNY blasts unsafe-buildings bill

    January 29, 2015 01:32PM
    From left: Councilwoman Margaret Chin and Steven Spinola

    From left: Councilwoman Margaret Chin and Steven Spinola

    The Real Estate Board of New York has attacked a bill supported by many tenant advocates that would require landlords to put tenant relocation funds into escrow while repairs to unsafe buildings are made.

    REBNY claims the measure would unfairly harm landlords. Councilwoman Margaret Chin, who wrote the bill, will hold a press conference today on the steps of City Hall to renew the push for passage of the legislation. [more]

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  • Clockwise from top left: Mary Ann Tighe, Jessica Lappin, John Banks, Jonathan Mechanic, Amy Rose and Joanne Podell

    Clockwise from top left: Mary Ann Tighe, Jessica Lappin, John Banks, Jonathan Mechanic, Amy Rose and Joanne Podell

    For nearly three decades, Steven Spinola has been working hundreds of rooms in Albany, Washington and New York City on behalf of the real estate industry, and this evening, at the Real Estate Board of New York’s 119th annual banquet, the room was unequivocally his. See full story and slideshow after the jump.

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