Real estate players buying in to Cuomo’s third term

REBNY was incumbent’s largest NYC donor in latest filing period

TRD New York /
Oct.October 09, 2018 05:30 PM

John Banks and Andrew Cuomo (Credit: Getty Images)

With the primaries behind him and a third term seeming like a safe bet, Gov. Andrew Cuomo has started raking in the big bucks from the real estate industry.

After declining to contribute earlier in the year, the Real Estate Board of New York topped the donor rankings in New York City for the latest filing period (between Sept. 25 and Oct. 5), providing the governor’s campaign with $15,000 from its political action committee.

A range of other real estate interests from the five boroughs and upstate chipped in as well, with some doing so via LLCs – a practice the governor has previously criticized.

According to Crain’s, Bronx-based Simone Development gave two contributions totaling about $4,832 for “event costs,” while Saber Real Estate Advisors, Prestige Properties and title insurance firm Royal Abstract provided a total of $15,000 to the governor. Mack-Cali, CBRE vice chairman Jeffrey Dunne and SL Green founder Stephen Green each gave $5,000.

This filing period brought Cuomo’s total campaign funds to more than $24 million, 100 times more than his Republican rival Marc Molinaro.

In in its October cover story, The Real Deal examined whether Cuomo’s cozy relationship with the industry could change during a third term. [Crains] — Kevin Sun


Related Articles

arrow_forward_ios
348 Court Street (Photo by Justin Heiman/Getty Images)

Collapses raise questions about safety-law exemption

Collapses raise questions about safety-law exemption
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; Vrablic by PAUL LAURIE/Patrick McMullan via Getty Images)

Apartment sale to banker for Trump and Kushner probed

Apartment sale to banker for Trump and Kushner probed
Assemblyman Harvey Epstein and Senator Brad Hoylman (Epstein by Erik McGregor/LightRocket via Getty Images; Hoylman by Roy Rochlin/Getty Images)

Lawmakers introduce bill to keep rent regulation alive

Lawmakers introduce bill to keep rent regulation alive
China’s housing market is into bubble territory

There are fears of a great housing bubble in China

There are fears of a great housing bubble in China
Governor Andrew Cuomo (Getty, iStock)

What NYC’s phase 4 means for real estate

What NYC’s phase 4 means for real estate
Hong Kong

Foreign firms are vacating Hong Kong offices like never before

Foreign firms are vacating Hong Kong offices like never before
Mayor Bill de Blasio (Getty, Wikimedia)

Landlords challenge city laws protecting non-paying businesses

Landlords challenge city laws protecting non-paying businesses
arrow_forward_ios

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

Loading...