Real estate players buying in to Cuomo’s third term

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

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
Risa Heller and Jonathan Rosen launched NY Forever earlier this week. (Risa Heller, Berlin Rosen)
Civic boosterism gets big backing from real estate
Civic boosterism gets big backing from real estate
Lewis Road Residential Planned Development (Pine Barrens, iStock)
Big golf, resi project in East Quogue approved
Big golf, resi project in East Quogue approved
From left: BSA chairwoman Margery Perlmutter, DRAW Brooklyn founder Alexandros Washburn, New York City Council Member Carlos Menchaca with renderings of the project (Photos via the City of New York, LinkedIn and Arquitectonica)
How a Red Hook developer circumvented the City Council
How a Red Hook developer circumvented the City Council
The bus terminal was built in the 1950s and designed to serve one fourth of the riders it sees today. (Getty)
Port Authority to raze, replace “hell on earth” bus terminal
Port Authority to raze, replace “hell on earth” bus terminal
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Will Catsimatidis switch parties? (Getty)
Republican or Democrat? Catsimatidis picks his poison
Republican or Democrat? Catsimatidis picks his poison
Vijay Dandapani, president & CEO, Hotel Association of New York City (Getty)
Hotel owners ask NY for break on tax penalties
Hotel owners ask NY for break on tax penalties
NAR's Vince Malta (Photos via NAR; Pixabay; iStock)
NAR suspends federal political donations after Capitol attack
NAR suspends federal political donations after Capitol attack
arrow_forward_ios

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

Loading...