WATCH: John Banks on REBNY’s 2017 aims, 421a … & more

The REBNY president is embracing change

TRD New York /
Jan.January 31, 2017 07:00 AM

In many ways, this year’s REBNY gala and banquet was business as usual: The Hilton was packed, awards were presented and speeches were ignored. There were, however, several signs of change for the 121-year-old organization including a less-stringent dress-code: for the first time, black-tie was optional.

“It’s an opportunity to explore ways for us to make the event more accessible,” said REBNY president John Banks, who spoke to TRD‘s managing web editor, Hiten Samtani, on the red carpet. The newly lax dress code isn’t the only change that Banks is bringing to REBNY.

The organization has recently made a push to the outer boroughs, which Banks spoke enthusiastically about. He said that the Bronx is the next frontier.

“It has lower land prices, it has a great transportation infrastructure…” Banks said. “I think it’s a great opportunity.”

Also on the horizon is the renewal of the 421a tax abatement program, under its new moniker “Affordable New York.” This too, was a topic that Banks spoke about with optimism.

“It really was a collaborative effort,” said Banks, before giving thanks to both Governor Andrew Cuomo and Gary Labarbera, who both worked towards crucial legislative agreements on the affordable housing program. “We are on the cusp of passing 421a.”

Catch the full interview above, and to see all the highlights from the red carpet, click here.

For more videos, visit The Real Deal’s YouTube page.


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
Douglas Durst (Getty)

Douglas Durst tapped to be next REBNY chair

Douglas Durst tapped to be next REBNY chair
Ninve James 

REBNY taps Realtor.com exec to lead RLS

REBNY taps Realtor.com exec to lead RLS
REBNY’s James Whelan and New York Attorney General Letitia James (Getty Images; iStock)

Broker-fee ban lawsuit postponed for the third time

Broker-fee ban lawsuit postponed for the third time
From left: Sandhya Espitia, John Canniffe and Jim Whelan (Linkedin, Whelan by Evan Gutierrez)

REBNY’s RLS chief bows out

REBNY’s RLS chief bows out
Clockwise:  CBRE's Michael Remer, Richard Hodos and Joel Stephen with the Wizarding World Building at 935 Broadway (Images via CBRE)

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal
arrow_forward_ios

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

Loading...