The Real Deal New York

Posts Tagged ‘REBNY’

  • 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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  • 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]

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  • 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]

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  • Residential broker confidence wavers in Q4

    February 04, 2014 01:45PM

    broker

    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]

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  • 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]

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  • 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]

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  • 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]

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