Here are the top real estate donors to REBNY-backed PAC

Despite promises, Jobs For New York has yet to raise funds from unions

New York /
Jul.July 18, 2013 06:00 PM

UPDATED, 9:15 p.m., July 18: A mere seven real estate firms — including Brookfield Office Properties, the Durst Organization and Jack Resnick & Company — donated more than half of the $5.26 million raised so far by a new political action committee backed by the Real Estate Board of New York, a review of state records by The Real Deal reveals.

Some 113 companies or individuals affiliated with 18 well-known city developers made the contributions to the PAC, called Jobs For New York, which was created to advance a pro-growth political agenda for the city, according to records filed this week with the New York State Board of Elections.

Jobs for New York has reportedly said that unions were also supporting the cause, but the donor list did not reveal any as of the latest filing in July.

Nearly all the firms had a residential component to their business, although some such as Newmark & Company and SL Green Realty are focused on commercial real estate.

In addition, there were two main levels for contributors, one at $425,000 and a lower level at exactly half that, or $212,500. It was not clear why.

Real estate firms have long fretted that once the pro-development Mayor Michael Bloomberg is out of office, a new mayor and City Council could turn away from his agenda and raise the cost of doing business in the city.

A spokesperson for Jobs for New York was not immediately available for comment, but the group has said in the past that it plans to contribute to City Council races.

A spokesperson for the Durst Organization, said the company supported the PAC, “Because Jobs for New York is supporting candidates who want to create good jobs and more housing.”

Jobs for New York expects to raise between $7 million and $10 million for the 2013 election cycle, Crain’s reported yesterday in a story listing many of the PAC’s donors.


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
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
Leasebreak's Phil Horigan and REBNY's James Whelan (Linkedin, Facebook/REBNY, iStock)
REBNY to charge consumer sites for RLS feed
REBNY to charge consumer sites for RLS feed
Brokers’ overall confidence level is the highest it’s been since the fourth quarter of 2019. (iStock)
Broker confidence rebounds in the new year
Broker confidence rebounds in the new year
Queens Borough President candidate Elizabeth Crowley 
Queens candidate Crowley serves fake eviction notices
Queens candidate Crowley serves fake eviction notices
Compass' Robert Reffkin and REBNY's James Whelan. (Getty, Whelan via Anuja Shakya)
REBNY fires back at Compass in lawsuit over recruiting
REBNY fires back at Compass in lawsuit over recruiting
arrow_forward_ios

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

Loading...