The Real Deal New York

Posts Tagged ‘steven spinola’

  • 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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  • 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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  • The July issue is live!

    July 02, 2014 07:58AM


    july

    Big ideas in New York City’s real estate industry can either be short-lived or long-lasting concepts that set a new standard. This month, we surveyed top industry players to break down the latest influx of innovative concepts gaining steam in today’s market, from crowdfunding to condo-ing LED signs on buildings to using Google Glass to showcase properties. We take a look at the best of them in the cover story of our July issue, now available online. [more]

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  • berman-spinola

    From left: Andrew Berman and Steven Spinola

    The landmarking of historic neighborhoods in the city could inhibit the creation of affordable housing and spur “unforeseen barriers,” according to a new Real Estate Board of New York study.

    The Landmarks Preservation Commission has expensive requirements for the development of housing in a historic district, the study said. Between 2003 and 2012, historic districts in Queens, Brooklyn and Staten Island saw no new affordable housing constructed. About 100 of the 35,000 affordable housing units built then were located in landmarked districts. [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: REBNY president Steven Spinola and Hunter's Point South rendering

    From left: REBNY president Steven Spinola and Hunter’s Point South rendering

    Building high-density urban zones is the best strategy to assure New York City will be able to house the 1 million people expected to migrate to the five boroughs by 2040, says Steven Spinola, REBNY president. [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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  • From left: Hector Figueroa and a doorman

    From left: Hector Figueroa and a doorman

    After weeks of tense negotiations, the Realty Advisory Board and Local 32BJ SEIU – the union supporting doormen and other building workers — struck a tentative agreement on a new four-year labor contract. The deal will see the average salary for doormen and porters rise to $49,402 in 2017 from $44,389 currently, an average annual increase of 2.7 percent or an 11.3 percent increase over the life of the contract. Doormen will continue to receive benefits, including 401(k) annuities and a defined-benefit pension plan. [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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  • 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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  • 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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  • Peg Breen and Steven Spinola

    Peg Breen and Steven Spinola

    Landlords are hoping that Mayor Bill de Blasio will be a strong ally in their quest to reduce large-scale landmarking in the city, a phenomenon that they argue hurts development and reduces the city’s affordable housing stock.

    Developers and lobbyists are betting that they can win de Blasio’s support by tying landmarking to de Blasio’s core campaign issues – namely the creation or preservation of at least 200,000 affordable units over the next decade. [more]

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  • 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]

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  • 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]

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  • 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]

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  • From left: Michael Bloomberg, Midtown East and Peter Ward of the Hotel Trades Council

    From left: Michael Bloomberg, Midtown East and Peter Ward of the Hotel Trades Council

    The Bloomberg administration offered the city’s powerful hotel workers’ union a major concession in the final days of the push to get the Midtown East rezoning approved, promising that any new hotel in the 73-block rezoning area would have to employ unionized workers. [more]

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  • From left: Corinne Pulitzer of Douglas Elliman, Steven Spinola of REBNY, and Douglas Elliman's Jeffrey Rothstein

    From left: Corinne Pulitzer of Douglas Elliman, Steven Spinola of REBNY, and Douglas Elliman’s Jeffrey Rothstein (Credit: Gotham Photo Company)

    Manhattan’s most notable residential brokers and executives high-tailed it to the Pierre Hotel on Thursday for one of the industry’s biggest events: the Real Estate Board of New York’s annual residential Deal of the Year awards, now in their 25th year. Click here for photos of the event.

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  • From left: Bill de Blasio and REBNY's Steven Spinola

    From left: Bill de Blasio and REBNY’s Steven Spinola

    Democratic mayoral candidate Bill de Blasio described himself as a “fiscal conservative,” this morning, helping to assuage Real Estate Board of New York President Steven Spinola’s fears that de Blasio would be hostile to business. [more]

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