The Real Deal New York

Posts Tagged ‘REBNY’

  • rebny

    From left: Angela Pinsky and Gina Bocra

    Of the architectural plans for new and renovated office and residential buildings submitted to the city’s Department of Buildings, one out of every 10 meets the energy code, according to an audit that began earlier this year.

    Though the sustainability standards in question have been in place for more than 30 years, they are only now being stringently enforced, according to Crain’s. In some cases, the DOB is even stopping projects that fall outside the requirements. So far, the team has audited more than 1,200 applications, and plans to eventually quadruple that number. [more]

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  • From left: Steven Spinola and Margaret Chin

    From left: Steven Spinola and Margaret Chin

    The Real Estate Board of New York has flagged nine pieces of legislation introduced by the City Council that the industry group claims are counterproductive to Mayor Bill de Blasio’s much-publicized affordable housing plan.

    Among the nine pieces of legislation are proposals to limit after-hours construction, prohibit owners of buildings with multiple violations from receiving permits and requiring all hotel development plans – even those that are as of right – to go before the local community board for review. [more]

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  • From left: Steven Spinola, Rob Speyer and Governor Andrew Cuomo (Credit: Steve Friedman)

    From left: Steven Spinola, Rob Speyer and Governor Andrew Cuomo (Credit: Steve Friedman)

    The Real Estate Board of New York’s power and influence over state government is, as a well-known Democratic operative put it, “about as new as hieroglyphics.” Albany politicians often transition into lucrative real estate careers, and Governor Andrew Cuomo is a tuxedo-clad fixture at REBNY’s annual gala. But an investigative story in the New York Times yesterday laid out the extent of the industry’s influence with Cuomo in the most explicit manner yet. The industry’s initial response to the story, however, suggests that it is unlikely to impact how REBNY does business. [more]

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  • From left: Steven Spinola and the no. 7 subway line

    From left: Steven Spinola and the no. 7 subway line

    The Real Estate Board of New York is looking to push the extension of the No. 7 subway line into New Jersey. [more]

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  • From left: Senators Charles Schumer and Kirsten Gillibrand

    From left: Senators Charles Schumer and Kirsten Gillibrand

    The U.S. Senate voted 93 to 4 on Thursday to reauthorize a program that provides a federal backstop for insurance costs in the event of a terror attack for an additional seven years.

    The so-called Terrorism Risk Insurance Act is seen as crucial to commercial building owners because some insurers stopped offering terrorism risk coverage following massive losses incurred after the Sept. 11 attacks. [more]

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  • KennethCreightonPeterBoritzMarisaManley

    From left: Kenneth Creighton, Peter Boritz and Marisa Manley

    UPDATED, 12:29 p.m., July 10: In commercial real estate, size does matter. But a global effort to more clearly define office building size is being seen by New York real estate players as a non-starter. [more]

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  • 056 Spinola se FINAL.indd

    From left: Jack Lusk, Michelle Adams and Steven Spinola

    From the July issue: The Real Estate Board of New York has tapped Jack Lusk at the executive recruiting firm Harris Rand Lusk to lead the search for its first new president in nearly three decades, sources told The Real Deal. [more]

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  • U.S. Representative Grace Meng

    U.S. Representative Grace Meng

    Property owners could once again have access to a tax incentive that helps them write off the cost of making improvements to commercial spaces. That’s if a bill introduced on Tuesday by a U.S. Congress member who represents Queens passes.

    The “Tax Equality for Entrepreneurs Act” would make permanent legislation that  allows property owners to either immediately write off expenses for improvements to shop and restaurant space or allow the spruce ups to depreciate over 15 years, the New York Observer reported. [more]

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  • From left: Douglas Durst, 675 Third Avenue and Eric Cantor

    From left: Douglas Durst, 675 Third Avenue and Eric Cantor

    In wake of House Majority Leader Eric Cantor primary reelection defeat, some developers and building owners are worried about the future of the Terrorism Risk Insurance Act. [more]

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  • From left: Nestio landing page, broker dashboard interface and Caren Maio

    From left: Nestio landing page, broker dashboard interface and Caren Maio

    The Real Estate Board of New York has agreed to plug another third-party data system into the association’s existing platform, known as RLS. The program, marketed by Nestio, was designed with an option to notify members of exclusive listings available to be co-brokered. [more]

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  • spinola-speyer

    From left: Steven Spinola and Rob Speyer

    In a statement sent to the REBNY board of directors Monday afternoon, Steven Spinola used the word “premature” to describe an article published earlier in the day that announced his plan to step down as president in late 2015. The letter, however, did confirm the news of his exit. [more]

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  • 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.

    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. [more]

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  • From left: Thomas Bow, Peter Braus, Richard Hodos, Peter Ripka, Rob Nager and Bradley Kaufman

    From left: Thomas Bow, Peter Braus, Richard Hodos, Peter Ripka, Rob Nager and Bradley Kaufman

    The CBRE broker who turned a board member sweet on his idea for a Fifth Avenue flagship store, and the Ripco agent who helped a New York icon find its way back home were recognized by REBNY for putting together the best retail deals of 2013. [more]

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  • Mayor Bill de Blasio (center), along with Public Advocate Letitia James, Brooklyn Borough President Eric Adams and other officials in Fort Greene for the announcement (Credit: Hiten Samtani)

    Mayor Bill de Blasio (center), along with Public Advocate Letitia James, Brooklyn Borough President Eric Adams and other officials in Fort Greene for the announcement (Credit: Hiten Samtani)

    Mayor Bill de Blasio’s unveiling on Monday of a $41 billion plan to create 200,000 units of affordable housing over the next decade — an initiative that he described as “the largest and most ambitious program in the history of the United States” — was immediately hailed by a number of prominent voices from the real estate industry. [more]

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  • Residential buildings in NYC

    WEEKENDEDITION New York City residential brokers are feeling bolder than ever, according to a new survey. [more]

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  • stark-spinola

    From left: Martha Stark and Steven Spinola

    Revenues grew strongly for the Real Estate Board of New York in 2012 even as the group cut the value of its publicly accessible residential listings service by half, the firm reported in its annual tax filing with the federal government.

    In addition, in 2012 the association paid Columbia University Adjunct Professor Martha Stark, who resigned in 2009 as the city Department of Finance commissioner, $120,000 in consulting fees. The filing also shows that REBNY sharply raised the annual compensation for its longtime president, Steven Spinola. [more]

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  • From left: Shirlane McCray and Bill de Blasio and rubble of collapsed buildings in East Harlem blast (Credit: @khalidkhan787 via Twitter)

    From left: Chirlane McCray and Bill de Blasio (Credit: Rob Bennett for the Mayor’s Office) and rubble of collapsed buildings in East Harlem blast (Credit: @khalidkhan787 via Twitter)

    A nonprofit headed by New York City First Lady Chirlane McCray has gathered more than $333,000 in donations from 400 private groups to fund counseling and assistance for East Harlem blast victims. [more]

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  • From left: Bill de Blasio and Steven Spinola

    From left: Bill de Blasio and Steven Spinola

    The Real Estate Board of New York is offering 34 apartments to house residents displaced by the explosion in East Harlem last week that leveled two buildings and killed at least eight people .

    Real estate executives plan to coordinate with the New York State Association for Affordable Housing to provide temporary and long-term housing for residents who were put out of their homes by the blast. [more]

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  • spinola-cuomo

    From left: Steven Spinola and Andrew Cuomo (Credit: Steve Friedman)

    The Real Estate Board of New York unveiled a report yesterday that breaks down how big a player the industry is in the city’s economy. The more than 15 percent in tax revenues collected from the real estate industry in 2012 comprises roughly 38 percent of the tax base in the city, the report found.

    The real estate sector was responsible for providing more than 360,000 jobs that year. Non-construction activity produced $6.3 billion in indirect economic benefits, the Wall Street Journal reported. Park Avenue consulting firm AKRF was tapped to compile the research for the report, called “The Invisible Engine: The Economic Impact of New York City’s Real Estate Industry.” [more]

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  • From left: Bil de Blasio, Stephen Ross and Howard Rubenstein

    From left: Bill de Blasio, Stephen Ross and Howard Rubenstein

    Real estate industry leaders were singing the praises of Mayor Bill de Blasio today at the finish of a closed-door meeting between the leading industry trade group and the left-leaning Democrat, who many in real estate have worried would put a clamp on development in the Big Apple. [more]

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