The Real Deal New York

Posts Tagged ‘steven spinola’

  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • From left: Gov. Andrew Cuomo, Steven Spinola and Rob Speyer

    A political-lobbying group founded by real estate developers and business executives closely allied with Governor Andrew Cuomo received a total of $2 million from a gambling interest group last December, the New York Times reported. The group, the Committee to Save New York, is led by REBNY President Steven Spinola and Tishman Speyer President Rob Speyer, and received the money as Cuomo worked on a proposal to expand casino gambling in New York. [more]

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  • From left: REBNY President Steve Spinola, Tishman Speyer CEO Rob Speyer, Partnership for New York City President Kathryn Wylde and CBRE's Mary Ann Tighe

    An advocacy group largely supported by the city’s real estate industry raised more than $12 million for Governor Andrew Cuomo, and $17 million overall, in 2011, its first full year of operations. A review of the Committee to Save New York’s finances conducted by the New York Times found more than two-thirds of the $17 million to have come from donors giving $250,000 or more, and three donors combined to give $6.25 million. By donating to the advocacy group, which has funded television and radio ads in support of Cuomo, these wealthy contributors can bypass the $60,800 state limit on direct donations to candidates. [more]

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  • From left: City Council Speaker Christine Quinn and REBNY's Steven Spinola

    The contentious living wage bill, which the Hudson Yards is exempt from, will likely not affect more than 500 workers total in its current form, the New York Times reported. City Council Speaker Christine Quinn announced that she was done revising the measure this week, and figures from her office show the total number of workers affected — meaning they will have to be paid $10 per hour and receive benefits, or $11.50 per hour without — between 400 and 500. [more]

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  • From left: Steven Spinola, president of REBNY and 16 Court Street

    The Real Estate Board of New York has pumped up its efforts to block the landmark designation of a swath of 21 commercial building in Downtown Brooklyn, Crain’s reported.

    Last September the Landmarks Preservation Commission approved the landmarking, known as the Borough Hall Skyscraper Historic District; it includes 16 Court Street, 191 Joralemon Street and 75 Livingston Street.  [more]

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    From left: Governor Andrew Cuomo, Real Estate Board of New York President Steve Spinola and Tishman Speyer President Rob Speyer
    During the quiet month of December in an off-election year, a political lobbying group led by REBNY President Steve Spinola and Tishman Speyer President Rob Speyer has spent $2.8 million praising Governor Andrew Cuomo in television ads, the Wall Street Journal reported.

    The ads, approved by the three-person executive team of the Committee to Save New York (the third member is Kathryn Wylde, president of the Partnership for New York City), claim that despite challenges Cuomo is “getting things done,” including creating a solid jobs plan and lowering taxes. … [more]

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  • The City Council will hold a hearing on the proposal to institute a new landmark district for Downtown Brooklyn tomorrow and could vote to modify or disapprove the designation, the Wall Street Journal reported. The upcoming hearing has prompted New York City’s real-estate industry to intensify its efforts to stop the landmark designation, which, it claims, will result in nearly $5 million in additional costs for property owners over the next few years.

    As The Real Deal previously reported, the creation of the district would mean a spate of newly-landmarked buildings, including the Franklin Building at 186 Remsen Street, which was completed in 1887, the 13-story Temple Bar Building at 44 Court Street and a 22-story limestone, granite and brick Colonial Revival style building at 32 Court Street. … [more]

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    From left: Council member Gail Brewer, a Duane Reade and Bank of America on the Upper West Side and REBNY President Steven Spinola
    Tired of chain drugstores and banks replacing mom-and-pop shops on the Upper West Side, City Council member Gail Brewer has been trying to implement zoning laws that would restrict larger stores from moving into the area, the New York Post reported. She said the trend is compromising retail variety for residents of the area.

    Brewer has been meeting with the Department of City Planning to devise legislation that works towards that goal, including laws that set a minimum number of stores per block and maximum amount of ground-floor frontage along key Upper West Side corridors. … [more]

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  • Supporters of the Occupy Wall Street movement have now begun targeting the Real Estate Board of New York on social media and then in turn by phone, following news reports that REBNY seeks to submit a proposal to the city limiting the public access hours of privately owned public parks. In response to an opinion article in today’s New York Times by Jerold Kayden, a professor of urban planning at Harvard University, on the legal gray area of such privately owned public spaces, and the news reports of REBNY’s plans, a Twitter user called @OccupyMyCat this morning posted, “Announcement! It’s time to Occupy REBNY, the Real Estate Board of New York!”


    [more]

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  • Cuomo taps new Port Authority director

    October 19, 2011 03:54PM

    Governor Andrew Cuomo is calling for the board of the Port Authority of New York & New Jersey to approve the consolidation of the Moynihan Station Development Corporation and Lower Manhattan Development Corporation’s operations into the Port Authority, according to a statement released today. He is also recommending that Patrick Foye, currently the Governor’s Deputy Secretary of Economic Development, serve as executive director of the Port Authority, replacing the recently resigned Chris Ward.

    “Too many different agencies doing the same or closely related work makes little sense,” Cuomo said in a statement. “The Port Authority is best situated to oversee the development at Moynihan Station and the orderly wind down of the LMDC and these changes will consolidate responsibility within the [Port] Authority.”  -- Miranda Neubauer[more]

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  • DOB launches digital plan review system

    October 12, 2011 04:13PM

    From left: Related’s Bruce Beal speaks at the launch of the new DOB development hub and Mayor Michael Bloomberg and DOB commissioner Robert LiMandri give a demonstration of the new software

    Related Companies Executive Vice President Bruce Beal made an appearance this afternoon at a Department of Buildings event announcing a new system for reviewing building plans. Filing an application for a residential tower at 500 West 30th Street, Beal was one of the first to use the new system.

    Called the NYC Development Hub, the new platform aims to accelerate the approval process for construction projects by allowing architects and engineers to submit plans and resolve issue digitally. DOB employees will be able to video conference with applicants while simultaneously reviewing their plans online, the department said. Other city departments, such as the Landmarks Preservation Commission and City Planning, will set up their own miniature hubs so they can participate in the process. … [more]

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  • Though two dozen construction unions’ contracts were renewed this summer with revised terms, according to Crain’s the biggest changes are yet to come.

    Operating engineers, painters and steamfitters, among other unions, agreed to unprecedented concessions amidst the faltering economy, helping to ensure that owners will continue to call upon them for construction work.

    But Real Estate Board of New York members and others are upset that wages for carpenters and concrete workers were cut 20 percent only for residential and hotel projects of up to 16 and 20 stories, respectively. … [more]

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