The Real Deal New York

Posts Tagged ‘REBNY’

  • Residential buildings in NYC

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

  • 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]

  • 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]

  • 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]

  • 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]

  • 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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  • nrdc

    From left: Angela Pinsky and Laurie Kerr

    The real estate industry has been taking the lead on the city’s effort to reduce carbon emissions, as 10 property-management firms have vowed to participate.

    The undisclosed firms said they will reduce emissions from their portfolios of multi-family residential property by roughly 30 percent over the next decade. They plan to select a total of 200 multi-family buildings that collectively comprise 20,000 units. [more]

  • 042-043 loss factor se FINAL.indd

    From the February issue: The Chetrit Group sold 123 William Street to East End Capital and GreenOak Real Estate for $133 million in October. In January, the new owners signed the Institute for Career Development, a workforce training company, to a 26,558-square-foot lease for the 27-story office building’s entire fifth floor, CompStak’s database shows. Asking rent for the space was $37 per square foot. [more]

  • Residential broker confidence wavers in Q4

    February 04, 2014 01:45PM


    Low volume sapped residential brokers’ confidence in the fourth quarter of 2013, while commercial brokers felt bullish, according to the Real Estate Board of New York’s latest Broker Confidence index.

    The eight-question poll, distributed among brokers on both sides of the market, sought agents’ views on the current and future state of the market. Residential brokers notched a slight dip to 8.32 from the previous quarter’s 8.51. Commercial brokers, on the other hand, were upbeat, with an overall confidence index of 9.49 from last quarter’s 9.18. [more]

  • CollageforPost

    A glimpse at the major real estate players and political players in attendance at the Real Estate Board of New York’s annual gala on January 16 (Credit: Steve Friedman)

    UPDATED, 5:30 p.m., January 20: The Real Estate Board of New York’s annual gala logged its best turnout in years on January 16 and the crowd’s mood, often seen as a barometer for the health of the industry, was giddy, coming off a strong year for the commercial and residential markets. We’ve now got even more photos of the event, including appearances by the city’s new political ruling class. See the full story and slideshow after the jump.

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  • spinola-gilmartin-markv-deblasio

    From left: Steven Spinola, MaryAnne Gilmartin, Melissa Mark-Viverito and Bill de Blasio

    New York’s real estate elite will gather tonight for the 118th annual Real Estate Board of New York’s black-tie banquet. But the talk of the evening will undoubtedly be the city’s new mayor, Bill de Blasio, who was elected on a platform that many in the industry believe could be harmful to their businesses. [more]

  • Queens co-ops lead NYC sales in Q4

    January 14, 2014 04:00PM
    New York City home sales according to the Real Estate Board of New York

    New York City home sales according to the Real Estate Board of New York

    Queens co-ops were hot in the final quarter of 2013 — in fact, hotter than in any other borough.  Co-op sales in Queens jumped 62 percent over the same period in 2012, to 1,349, to lead even Brooklyn, which saw 716 co-op sales, according to a report by the Real Estate Board of New York released today. [more]

  • From left: REBNY's Steven Spinola and Melissa Mark-Viverito

    From left: REBNY’s Steven Spinola and Melissa Mark-Viverito

    The Real Estate Board of New York-backed political action committee, Jobs for New York, pumped $8 million into City Council races, but wound up losing out with the election of City Council Speaker Melissa Mark-Viverito. [more]

  • rebny

    Steven Spinola and Alicia Glen

    While the Real Estate Board of New York’s Steven Spinola and other real estate officials have shown support for Mayor Bill de Blasio’s recent appointments, real estate leaders have a lingering concern about the fate of the Landmarks Preservation Commission and the Planning Commission.

    Chair positions on those boards have not yet been filled. The real estate industry questioned several decisions by the Landmarks commission under former Mayor Michael Bloomberg. [more]

  • CBRE’s Andrew Goldberg named vice chair

    December 12, 2013 03:07PM

    Andrew Goldberg and 693 Fifth Avenue

    CBRE retail broker Andrew Goldberg has been promoted to vice chairman at the commercial real estate brokerage.

    Representing both tenants and landlords, he was the first retail broker at the firm to reach the status of top producer. After 23 years in the business, he has brokered deals totaling more than $4 billion and won the Real Estate Board of New York’s Retail Deal of the Year award twice. [more]

  • REBNY introduces 401K plan for members

    December 04, 2013 01:55PM
    From left: REBNY's Steven Spinola and a piggy bank

    From left: REBNY’s Steven Spinola and a piggy bank

    The Real Estate Board of New York is aiding members in their retirement planning by extending optional enrollment in a 401K plan, the association said. The move is likely especially of interest for real estate brokers, most of whom are independent contractors and therefore ineligible for benefits through their brokerages. [more]

  • rebny-retail

    Steven Spinola and Sandro’s Soho store

    The Financial District shopping district on Broadway saw a 69 percent rise in average asking rents over the last six months versus the same period in 2012 – more growth than any other Manhattan area, according to a fall retail report from the Real Estate Board of New York.

    But while the asking rents along the stretch between Battery Park and Chambers Street reached $257 per square foot, the Fifth Avenue corridor between 49th and 59th streets had by far the highest average rent, at $3,170 per square foot. [more]

  • From left: Mary Ann Tighe of CBRE, Robert Futterman of RKF and Woody Heller of Studley

    From left: Mary Ann Tighe of CBRE, Robert Futterman of RKF and Woody Heller of Studley

    What do “funky debt,” Lower East Side retail and office densification have in common? They’re all expected to define the New York City real estate market in 2014. [more]

  • Although real estate brokers in New York City are generally feeling better about the current market than they did this time last year, they see the future as a little less bright. [more]

  • Clockwise from top left:

    Clockwise from top left: Stephen Green, Kenneth Fisher, Joel Picket, Robin Abrams, Thomas Hill and Robert Fink

    With the Real Estate Board of New York’s 118th annual gala set for Jan. 16, the trade group has unveiled a list of six individuals who will be honored for their “exceptional contributions to our city,” as REBNY President Steven Spinola said in a statement.

    The first honoree, Stephen Green of SL Green Realty will receive the Bernard H. Mendik Lifetime Leadership in Real Estate award, presented to one REBNY member each year for a lifetime of accomplishment in the profession and leadership in New York real estate. The second, Kenneth Fisher, senior partner of Fisher Brothers, will receive an award for contributions to civic welfare. [more]

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