REBNY criticizes concrete workers deal

New York /
Aug.August 17, 2011 06:31 PM

The Real Estate Board of New York strongly criticized a tentative deal
between concrete workers and an industry association
 that averted a strike last night, saying that the agreement won’t be enough to
stem a tide towards non-union construction, Crain’s reported. REBNY
also said that the agreement wouldn’t offer enough cost-savings for
developers. The deal involves wage increases of approximately 8 percent over
three years and a 20 percent wage reduction on hotel and residential
buildings of 16 or fewer stories, according to Crain’s.

REBNY had
hoped that the reduction could have extended to hotel and residential
projects of any size, since larger projects of REBNY members usually
use union members.

“From what I know, it doesn’t sound like they’ve
made any progress towards encouraging developers to not consider
nonunion work,” said REBNY President Steven Spinola. He said that with
the exception of buildings under 16 stories REBNY members would lose
business to non-union competitors. “What we’re trying to argue is, ‘My
members want to continue to build union, but help us compete.’” A
source told Crain’s that the deal has a provision allowing discounts
on other buildings on an individual basis. Both of the parties to the
agreement declined to comment. [Crain’s] 


Related Articles

arrow_forward_ios
John Banks
High expectations: A look at John Banks’ 4 years at REBNY
High expectations: A look at John Banks’ 4 years at REBNY
John Banks
John Banks to step down as REBNY president
John Banks to step down as REBNY president
REBNY Awards
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Governor lays out bold real estate agenda in State of the State speech (iStock, Getty Images)
Hochul: Supersize NYC apartment buildings, replace 421a
Hochul: Supersize NYC apartment buildings, replace 421a
Manhattan retail rents fell without tourists, office workers
Manhattan retail rents fell without tourists, office workers
Manhattan retail rents fell without tourists, office workers
CoStar CEO Andy Florance
CoStar comes home to play
CoStar comes home to play
Small developments dominate as new building filings return to pre-pandemic levels
Small developments dominate as new building filings return to pre-pandemic levels
Small developments dominate as new building filings return to pre-pandemic levels
Commercial brokers’ confidence at all-time high: REBNY survey
Commercial brokers’ confidence at all-time high: REBNY survey
Commercial brokers’ confidence at all-time high: REBNY survey
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...