Real Estate Board of New York | The Real Deal New York

The Real Deal New York

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Real Estate Board of New York

570 Lexington Avenue
New York, NY 10022
(212) 616-5200
Website
REBNY
Real Estate Board of New York

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


Shoppers walk along 5th Avenue in New York, U.S., on Tuesday, July 19, 2016. The Bloomberg Consumer Comfort Index, a survey which measures attitudes about the economy, is scheduled to be released on August 11. Photographer: David Williams/Bloomberg via Getty Images
12/01/16
When 87 Christopher Street hit the market in August, the owners hoped to snag a long-term retail tenant. But after months rolled by and the...

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11/25/16
“The life of the dead is placed in the memory of the living,” Cicero said. The question for brokers is: Are they required to place it...

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11/23/16
New York City housing and finance officials will notify 3,000 landlords next week that they will lose a lucrative property tax break unless they follow...

810-Fulton-Street Scott Rechler
11/23/16
RXR Realty is lining up $75 million in construction financing for its first residential development in the city: a planned 363-unit rental building at the...

midtown-east-rezoning Alicia Glen
11/23/16
The city is gearing up to set a fee on the transfer of air rights in Midtown East as part of the sweeping rezoning proposal...

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11/22/16
The city’s Landmarks Preservation Commission designated 11 properties in Midtown East as historical landmarks, ahead of the proposed rezoning for the area. Included in the...

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11/22/16
With 421a seemingly on the verge of returning from bureaucratic purgatory, officials are cracking down on landlords who are allegedly abusing the tax break, threatening...

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11/21/16
A Flushing developer is suing the Department of Housing Preservation and Development for the revocation of 421a benefits for an 11-story, mixed-use property at 133-20...

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11/20/16
Gov. Andrew Cuomo signed off on granting the city another $300 million in bonding authority on Friday, providing a considerable bump in funds needed to...

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11/18/16
...Diane Ramirez UPDATED, 3:22 p.m., Nov. 18: The Real Estate Board of New York and its members are opening their wallets to pump more...

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11/18/16
“Know any brokers in Canada?” After Donald Trump’s election victory, Leonard Steinberg’s phone kept ringing. Some callers were buyers gearing up to invest. Others had...

Stephen Levin and Jumaane Williams
11/17/16
Stephen Levin and Jumaane Williams New York City’s biggest housing subsidy may finally get more scrutiny just as state lawmakers are about to consider a...

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11/16/16
Could this be the final act for cheap air rights in the Theater District? The City Planning Commission voted Wednesday to increase the fee charged...

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11/16/16
...Despite proud and glowing announcements by Gov. Andrew Cuomo, the Real Estate Board of New York, and the Building and Construction Trades Council of Greater New...

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11/16/16
...expensive long-term commitments, according to a new report by the Real Estate Board of New York. On Broadway between 14th and 23rd streets, asking rents are...

Cuomo Jeff Dinowitz
11/14/16
...on the books, despite urgings from Gov. Andrew Cuomo. The Real Estate Board of New York and the Building and Construction Trades Council of Greater New...

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11/10/16
...From left: John Banks and Gary LaBarbera The Real Estate Board of New York and the Building and Construction Trades Council of Greater New...

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11/10/16
...left: Leslie Himmel, Charles Bendit and Kevin Hoo At a Real Estate Board of New York event on Thursday, the conversation inevitably turned to, as RXR...

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11/09/16
Louise Sunshine has her White House jammies ready. Sunshine, who got her start in real estate working for Donald Trump, said she has a pair...

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11/08/16
London-based cosmetics company Space NK inked a lease at 229 Bedford Avenue for more than $400 per square foot, setting a record for Brooklyn. The...

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11/08/16
...there's an abundance of it. A new report by the Real Estate Board of New York places residential and commercial broker confidence at the lowest level...

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11/08/16
Paul Massey isn’t used to being considered an also-ran. But unlike in his real estate career, he’s yet to be taken seriously in politics. The...

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11/07/16
...developers and housing officials met at the offices of the Real Estate Board of New York last week to discuss the city's new policy of referring...

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11/04/16
Gov. Andrew Cuomo’s plan to bring back the expired 421a tax exemption is gaining steam, with talks about extending its lifespan up to 45 years...

Reffkin 212 Court Street
11/03/16
Court Street’s transformation into a chichi shopping destination for Brooklyn’s affluent has been well documented. But this deal takes the cake. Venture capital-backed residential brokerage...
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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...
REBNY, President
570 Lexington Avenue, New York, NY, (212) 616-5200
Since 1986, Steven Spinola is the former president of the Real Estate Board of...

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10/06/16
Housing construction permits in New York City spiked to reach 2,218 new units approved to begin construction this September, the highest-volume month of 2016 so...

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After two years of decline, the city’s retail market is experiencing a sudden burst of activity. Retail tenants with an eye for a deal are...

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The total amount of available ground-floor retail space along Madison Avenue has been growing in recent months, insiders said. “There are a lot of vacancies...

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04/13/16
The city greenlit less than 2,000 new residential units in the first quarter, a far cry from the nearly 6,500 units approved during the same...

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02/19/16
Following a rush in issued construction permits that qualified for the now-dead 421a tax break, only 453 units of housing were approved for construction in New...

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01/19/16
Two of the “Three Men in a Room” — Sheldon Silver and Dean Skelos — are bound for prison, but relationships with influential politicians remain...

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It’s increasingly difficult to say anything about the Brooklyn real estate market without getting very trite, very fast. Industry players still use terms like ...

manhattan-retail
With Upper Fifth Avenue snatching back from Hong Kong’s Causeway Bay the title as the world’s most expensive retail district, aggressive bets made in Manhattan...

Managing Agents
They pencil out budgets. They organize repairs. They field complaints about noise in the middle of the night. And many of Manhattan’s managing agents —...

Karen Heyman and Alan Heyman, Sotheby's International Realty The business of selling Brooklyn real estate has changed drastically in recent years. When Brooklyn native Karen Heyman...

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...

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The Downtown office market, a hot topic at a major summit held last month on the World Trade Center site, has held up better than the...

Apartment sales in Manhattan were either flat or down 34 percent in the first quarter of the year. Meanwhile, the average price of a studio...

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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...

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Hiring may be down, but broker numbers stay strong even as sales prices level off ...

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Residential building boom, new Times headquarters drive up store rents on 42nd Street ...

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In increasingly crowded field of pricey towers, highest combined office and retail costs; ties with ...

A deal that brought big-box retailer Home Depot to Manhattan for the first time and a lease that helped to upgrade a rundown portion of...

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Compared to the sales market, the rental market in Manhattan is a lot like the Wild West. There are fewer rules; transactions move faster; deals...

REBNY
The Real Estate Board of New York’s Broker Confidence Index remained largely unchanged at 8.84 in the second quarter of the year.  Confidence fell slightly from 9.05...

REBNY FT
Broker confidence was at a record high of 9.22 in Q4 of 2014, according to the Real Estate Board of New York’s Real Estate Broker...

Q4 2014 REBNY FT
New York City residential home prices rose but sales volume declined in the fourth quarter of 2014, according to a new report from the Real Estate...

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“Manhattan’s retail leasing market remained vibrant through the first quarter of 2014. Strong interest in prime corridors and the repositioning of other corridors resulted in strong market conditions....

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“The leasing market for Manhattan retail space has maintained its strength, bolstered by strong demand and additional retail spaces coming on the market in new mixed use developments....
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