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Real Estate Board of New York

570 Lexington Avenue
New York, NY 10022
(212) 616-5200
Website

The Real Estate Board of New York, or REBNY, is a trade association that lobbies on behalf of the real estate industry in the city. The board, established in 1896, has about 16,000 members and these include real estate brokers, property owners and developers, industry lawyers, and architects. The organization collects about $6 million a year in dues. Since 2014, John H. Banks III has served as president. He replaced Steven Spinola, who had served as REBNY president in since 1986. The organization strives to ensure that rent regulations and various tax breaks, such as the 421a tax abatement program, benefit developers and it promotes other industry-backed government policies. It also backs political candidates it expects will favor real estate companies. The majority of its members are residential real estate agents. The group offers professional education programs, including state-certified required courses for licensing. REBNYs annual banquet may be the most important networking event in the industry. -GB

Real Estate Board of New York, President
570 Lexington Ave, 2nd Floor, New York, NY, 212.616.5200
John Banks is president of the Real Estate Board of New York. Banks...

06/01/2018
There were 12,266 residential sales in Manhattan for the year, according to appraisal firm Miller Samuel, up from 11,605 in 2016. But prices dropped somewhat, with $25 billion in deal volume in 2017, the same as 2016, according to the Real Estate Board of New York...

04/01/2018
But it’s already clear that it’s going to be difficult to replicate 2017’s performance this year. Brookfield Property Partners’ chair, Ric Clark, said as much last month at a luncheon hosted by the Real Estate Board of New York, though he noted that tech companies are growing and financial services firms are expanding...

02/01/2018
At the moment, some firms, including Elliman and the Corcoran Group, have made peace with StreetEasy, while others have defiantly opted to withhold their properties from the website and feed them into competing systems, including the Real Estate Board of New York’s recently launched listings platform, dubbed the RLS...

04/01/2017
Even Tighe, who has leased up trophy towers in the past, acknowledged as much. In a telling sign, she didn’t submit anything to be considered for the Real Estate Board of New York’s famed Most Ingenious Deal of the Year Award...

12/01/2016
It’s a tough time to be a retail broker in Manhattan â€' especially for those at smaller shops. As the borough’s leasing market continues to It’s a tough time to be a retail broker in Manhattan â€' especially for those at smaller shops. As the borough’s leasing market continues to...

10/06/2016
Those activity spikes account for a substantial part of the year-over-year difference, too, Real Estate Board of New York vice president Michael Slattery told the Commercial Observer in August...

09/01/2016
Several of the large deals inked so far this year underscore these trends. American Girl â€' which has called 609 Fifth Avenue home since signing a lease in 2001 that earned the brokers a Real Estate Board of New York award â€' signed a deal for 43,179 square feet across the street at 75 Rockefeller Plaza, where rents are lower...

05/01/2016
Figures from the Real Estate Board of New York, the industry’s biggest trade group, found that asking rents broke a staggering $2,200 per square foot in prime stretches of Madison Avenue last fall...

04/13/2016
Developers and groups that represent them, such as the Real Estate Board of New York, have warned that without 421a or a similar tax incentive, it will no longer be feasible to build mixed-income rental housing in New York...

02/19/2016
421a, a tax incentive first passed by the New York State Assembly in the 1970s, provided developers with significant tax breaks to construct new residential buildings, often without providing any affordable housing. The tax break program was officially suspended when the Real Estate Board of New York and the Building and Construction Trades Council of Greater New York failed to agree on prevailing wage provisions required for its extension in January...

01/19/2016
Heastie, a Democrat from the Bronx who was first elected to the Assembly in 2000, raised just over $298,000 through the second half of 2015, according to state campaign finance records. While real estate donors were slow to contribute to Heastie in the early part of 2015, he collected more than $10,000 from real estate players by the close of the year. Those donors include the political action committees of the Real Estate Board of New York ($4,400), the Rent Stabilization Association ($1,000) and the Hotel Association of New York City ($500)...

12/01/2015
Citi Habitats’ acquisition was just one instance of a bigger Manhattan firm buying up a smaller Brooklyn shop in recent years. Still, it should be said that most of the remaining mom-and-pop companies in Brooklyn did not have exclusives listed in OLR, perhaps because they are not all members of the Real Estate Board of New York, which has rules about how new listings are shared...

12/01/2014
The Real Estate Board of New York reported in late October that asking rents on Upper Fifth Avenue and the core of Times Square had declined slightly since its previous report in May, by 4 percent...

08/01/2013
TRD compiled its rankings from surveys of property management companies, the Real Estate Board of New York and industry reports...

07/01/2011
Despite these changes, there’s still little reliable data about Brooklyn’s real estate companies, or their salespeople. Last year, Brooklyn’s last two remaining multiple listing services -- the Brooklyn New York MLS and the smaller Brooklyn MLS --officially merged. The new system, known as the Brooklyn New York MLS, has a membership of nearly 3,000 agents. But large Manhattan firms like the Corcoran Group and Prudential Douglas Elliman do not participate, because they belong to the larger, Manhattan-based Real Estate Board of New York...

04/30/2010
Last month, New York Magazine surprised Manhattanites when it named Park Slope "The Most Livable Neighborhood in New York." But the ranking came as no Last month, New York Magazine surprised Manhattanites when it named Park Slope "The Most Livable Neighborhood in New York." But the ranking came as no...

04/01/2008
Financial news has been bleak as of late, with the credit crisis and the collapse of Bear Stearns rocking the real estate world. Yet while sellers ofFinancial news has been bleak as of late, with the credit crisis and the collapse of Bear Stearns rocking the real estate world. Yet while sellers of...

11/02/2007
Retail rents at the south end of Times Square, on 42nd Street between Eights and Sixth avenues, saw the largest average increase in the entire city in March, hitting $290 a square foot, a nearly 86 percent jump from last year. That gain was far ahead of average ground-floor retail rents along Manhattan's major retail corridors, which climbed a more modest, but still impressive, 19 percent last year, hitting an average of $329 a square foot, according to the Real Estate Board of New York...

11/02/2007
Midtown Class A office space had an average asking rent of around $65 per square foot in May. But Harry Macklowe's tenants at the General MotorsMidtown Class A office space had an average asking rent of around $65 per square foot in May. But Harry Macklowe's tenants at the General Motors...

08/01/2007
Using the Real Estate Board of New York's shared listing system, we gleaned the number of exclusive listings each rental firm (or rental division of a sales brokerage) had on a given day...

...The Real Estate Board of New York...

...of 2014, according to a new report from the Real Estate Board of New York. The average sales price for a NYC home was $841,000 in the last quarter, up...

...and a 41 percent increase since last fall." The Real Estate Board of New York...

...the corridor increased 24 percent to $1,643 per square foot." Real Estate Board of New York...