The Real Deal New York

Posts Tagged ‘REBNY’

  • From left: One World Trade Center, Steven Spinola and Carolyn Maloney

    From left: One World Trade Center, Steven Spinola and Carolyn Maloney

    Despite the legislative jockeying taking place on Capitol Hill, the Real Estate Board of New York said it is confident Congress will renew the Terrorism Risk Insurance Act. Failure to do so, industry experts warn, could have dire consequences for Manhattan’s most at-risk properties. [more]

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  • banks-rebny

    From left: John Banks and Steven Spinola

    The Real Estate Board of New York on Tuesday officially named John Banks as the group’s next president.

    Banks, vice president of government relations at Consolidated Edison, was said to be the front-runner for the position after Steven Spinola retires in 2015. He is expected to take the role of president-elect on March 2. [more]

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  • From left: Amir Korangy, Marc Murphy, Leonard Steinberg, Jeffrey Brodsky and Andrew Goldberg

    From left: Amir Korangy, Marc Murphy, Leonard Steinberg, Jeffrey Brodsky and Andrew Goldberg

    Like Prince Edward in Mark Twain’s 1881 novel The Prince and the Pauper, today’s buyers of Manhattan’s top real estate can become jaded when everything on the market carries the luxury tag – and the word itself starts to lose its meaning.

    [more]

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  • From left: RSA's Joseph Strasburg and the state senate

    From left: RSA’s Joseph Strasburg and the state senate

    The Rent Stabilization Association quietly donated $500,000 on state Republican candidates in the midterm elections. [more]

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  • rebny-new

    From left: John Banks and Steven Spinola

    John Banks, vice president of government relations at Consolidated Edison, is the front-runner to take over as the Real Estate Board of New York president after Steven Spinola exits in late 2015.

    The board of governors for REBNY, which is one of the state’s biggest lobbying groups, has been searching for a candidate since June. That’s when Spinola announced his retirement. [more]

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  • The Dior store on 57th Street

    The Dior store on 57th Street

    Retail rents along 57th Street surged over the last six months as millionaires and billionaires closed on pricey condominium units at 432 Park Avenue and developers moved forward with other pricey towers. In addition, space on Broadway near the World Trade Center rose sharply, information from a new report from the trade group the Real Estate Board of New York shows. [more]

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  • Broker confidence slipping: REBNY

    October 28, 2014 08:30AM
    Steven Spinola

    Steven Spinola

    New York’s real estate brokers seem to be losing faith.

    In a new Real Estate Board of New York survey, the city’s brokers said they are less confident in the housing market than they were three months ago, according to Capital NY. Tight credit and a lack of inventory for middle-income buyers are influencing the brokers’ negative outlook, according to the website.

    The broker confidence index dropped to 8.80 at the end of September from 8.88 in the second quarter. Brokers are still more confident than they were a year ago during the same period, when the score was 8.75. [more]

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  • rebny

    From left: Timothy Melzer, Linda Guido, Reba Miller, Sharon Burroughs and Katie LoGatto on behalf of Shelley Lindauer at the REBNY Deal of the Year awards. (Credit: Gotham Photo Company)

    Manhattan’s top dealmakers descended on the Metropolitan Pavilion in Chelsea last night for accolades, cocktails, and a tribute to local cinema complete with a Liza Minnelli impersonator belting “New York, New York.” Twas the night of the Real Estate Board of New York’s 26th annual residential Deal of the Year awards, and though the setting was glamorous — the event carried the theme of New York City’s depiction in film and TV — the top honors went to a deal that was anything but. Click here for a slideshow and story.

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  • 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]

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  • Tony Avella and Steven Spinola

    Queens state Senator Tony Avella, despite denouncing the Real Estate Board of New York’s $8 million in contributions to New York City Council candidates, reportedly raked in tens of thousands of dollars in his own donations from the industry’s most deep-pocketed donors.

    According to campaign finance records cited by Crain’s, Avella took two donations of $10,000 each from limited liability companies sharing a Long Island address with Glenwood Management. The developer gave hundreds of thousands of dollars to Jobs for New York in 2013, REBNY’s political spending arm that operates separately from candidates. [more]

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  • REBNY targets state Senate elections

    October 03, 2014 12:00PM
    From left: Terrence Murphy, Sue Serino and George Amedore

    From left: Terrence Murphy, Sue Serino and George Amedore

    After dominating spending on City Council elections, the political action committee backed by the Real Estate Board of New York is looking to tip the scales in state Senate elections.

    The PAC, Jobs for New York, has filed with the state to operate a new campaign committee at the state level, Crain’s reported. It plans to focus its fundraising on supporting three Republican candidates, according to the news site. [more]

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  • From left: Jay Neveloff and Steven Spinola

    From left: Jay Neveloff and Steven Spinola

    Condominium developers scored a major coup last night, as the United States Senate voted unanimously to pass a bill that exempts condos from filing and registration requirements mandated by the Interstate Land Sales Full Disclosure Act, commonly referred to as ILSA. [more]

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  • Mayor

    Mayor Fiorello La Guardia

    From the September issue: The Real Estate Board of New York lobbied against a wartime proposal to cap rents on several million New York City apartment units, 71 years ago this month.

    REBNY appealed via telegram to officials in Washington within the federal Office of Price Administration, who were responsible for implementing price controls. The caps were part of a broader national law passed in 1942 that was aimed at easing the impact of inflation brought on by World War II. [more]

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  • 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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