The Real Deal New York

Posts Tagged ‘steven spinola’

  • 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]

    Comments
  • 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]

    2 Comments
  • 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]

    Comments
  • 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]

    Comments
  • 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]

    1 Comment
  • 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]

    Comments
  • 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]

    Comments
  • 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]

    Comments
  • 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]

    Comments
  • 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.

    Comments
  • 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]

    3 Comments
  • From left: Carolyn Maloney, Steve Spinola and Adam Leitman Bailey

    From left: Carolyn Maloney, Steven Spinola and Adam Leitman Bailey

    The U.S. House of Representatives handed condominium developers a significant victory Thursday, unanimously passing 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]

    Comments
  • REBNY wins big in council races

    September 11, 2013 11:22AM
    From left: Steven Spinola, REBNY illustration and Margaret Chin

    From left: Steven Spinola, REBNY illustration and Margaret Chin

    The real estate industry had a good day at the City Council races, with 16 of its 22 candidates finding themselves in the winner’s circle, according to an analysis of campaign finance records by The Real Deal. Jobs for New York, a political action committee created by the powerful Real Estate Board of New York and endowed by many of its deep-pocketed players, bet roughly $4.23 million on 22 races — and received a good return on its money, the analysis shows. [more]

    2 Comments
  • steven-spinola-rebny

    REBNY’s Steven Spinola

    Real estate developers, property owners, investment firms, banks and insurance companies have pledged $10 million to a political action committee that will give to pro-development candidates for New York City Council, the New York Times reported.

    The Real Estate Board of New York is spearheading the PAC, called Jobs for New York. Several unions that represent carpenters and other laborers also support the committee. The PAC intends to focus on Council members, who tend to have great sway over development in their districts. Ironically, however, the group will advocate for members to play a lesser role in supervising development. [more]

    Comments
  • From left: Bill de Blasio, Christine Quinn and Steven Spinola

    With affordable housing becoming a hot-button issue in the upcoming mayoral race, the Real Estate Board of New York is warning the candidates not to alienate its thousands of members, according to Crain’s. REBNY’s president, Steven Spinola, told the politicians Monday: “If the debate ends up with a bunch of rhetoric, then we’re not going to find any solutions. If there’s going to be short, bumper-sticker answers about it being money being given away, then we’re not going to make much progress on what may be one of the most important issues facing the city of New York.” [more]

    Comments
  • Ed Koch’s ties to real estate

    February 01, 2013 02:00PM

    From left: Mayor Koch in an undated photo and the mayor in April 2011 (Source: Mayor’s Office Flickr)

    Ed Koch, who served as Mayor from 1978 to 1989, died early this morning of congestive heart failure at the age of 88. Though Koch is most closely associated with saving New York City from financial ruin, he was also a powerful force in the real estate industry. [more]

    Comments

  • Honorees of tonight’s REBNY banquet, from left: REBNY President Steve Spinola, Dick Concannon of Rudin Management, Mike Fishman of SEIU, William Montana of Studley, Woody Heller of Studley and Dottie Herman of Douglas Elliman (credit: Zachary Kussin)

    Strong activity in the retail sector, and a robust rental and investment sales market seemed to be the tonic buoying the crowd at the 117th annual Real Estate Board of New York banquet. The gathering, held at the New York Hilton Hotel in Midtown, attracted prominent elected leaders, including Mayor Michael Bloomberg, U.S. Senator Charles Schumer, City Council Speaker Christine Quinn, as well as thousands of prominent real estate professionals, such as Douglas Durst, Kent Swig, Lawrence Gluck, Larry Silverstein, Ziel Feldman, Paul Massey and James Kuhn. Brokers who attended the gathering were split on how 2013 would shape up. … [more]

    Comments
  • From left: Michael Bloomberg, REBNY’s Steven Spinola

    Mayor Michael Bloomberg’s suggestion that one way to limit the impact of flooding from future storms would be to give large building owners more flexibility about where generators — generally kept below grade — are placed. However, the Fire Department of New York, along with some contracting professionals, expressed concerns about the potential dangers and challenges of keeping backup generators on higher ground.

    “Change the building code to put generators on the roof,” not in the basement, Mayor Bloomberg said during a press conference Sunday. [more]

    Comments
  • From left: City Council Speaker Christine Quinn, former Comptroller Bill Thompson, Public Advocate Bill de Blasio and Comptroller John Liu

    As Mayor Michael Bloomberg’s third term wraps up, many city real estate and finance leaders worry that they won’t find such a business-friendly mayor come 2014, the Wall Street Journal reported.

    Bloomberg’s three terms has brought the city projects like new Barclays Arena in Brooklyn, and fended off City Council legislation like the so-called living wage bill, which business groups opposed. “There is no question people are concerned they are losing Mike Bloomberg. They understand who he is. They have tremendous respect for him,” REBNY president Steve Spinola told the Journal. “We are going to have somebody new on Jan. 1, 2014, and, so, that troubles them.” [more]

    Comments
  • Christine Quinn and a rendering of the Chelsea Market expansion

    Jamestown Properties’ Chelsea Market expansion plans persist as a thorn in the side of City Council Speaker, and mayoral hopeful, Christine Quinn, according to the New York Times. As Chelsea’s representative, Quinn can dictate the future of the proposal, and as has been widely speculated, the decision will be key to her own political future: she must weigh the interests of the community that propelled her to the forefront of city politics against the demands of business leaders whose support she needs to win an election. [more]

    Comments
MENU