Real estate industry hedging its bets with state Senate donations

So far, Aby Rosen and Michael Fuchs are the biggest nonunion donors to the Democratic State Senate Campaign Committee

TRD NEW YORK /
Oct.October 25, 2018 06:45 PM

Douglas Durst and Aby Rosen

Another election season, another round of spending from the New York real estate industry.

The latest campaign contribution disclosures showed many real estate players are hedging their bets, with the Durst Organization contributing $35,000 to the New York State Senate Republican Campaign Committee and $15,000 to its Democratic counterpart, Crain’s reported.

Likewise, an anonymous LLC that appears to be linked to Rudin Management contributed $25,000 to the GOP organization and $15,000 to the Democratic side as well.

The largest nonunion donations to the Democrats came from RFR Realty, whose Aby Rosen and Michael Fuchs chipped in a total of $50,000.

Additionally, REBNY’s PAC contributed $6,000 to the campaign of upstate Republican state Senator George Amedore, according to the publication.

With control of the state senate in it sights, the Democratic party has concentrated its efforts on moderate suburban candidates most likely to flip to blue this November – rather than those who have been more hostile to developers. [Crain’s] –Kevin Sun

 

Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Greystar CEO Bob Faith and the Parkside Place Apartments in Cary, North Carolina (Credit: Greystar and Apartments)

What Greystar’s belief in multifamily says about the health of the economy

City Comptroller Scott Stringer (Credit: Getty Images)

City Comptroller Scott Stringer proposes “Tenant Bill of Rights”

Marlene Cintron, the Bronx’s head of economic development (Credit: iStock)

“It didn’t happen:” Bronx leader says Opportunity Zone program failed to deliver

Rupert Murdoch and David Doctorow (Credit: Getty Images, iStock)

News Corp. looks to Opcity lead-generation to boost real estate services biz

Clockwise from the bottom left: The Eugene (435 West 31st Street), the Hudson Yards observation deck condominium and 555 Tenth Avenue (Credit: Google Maps)

West Side story: Manhattan’s largest January real estate loans

Selina Hotel at 516- 518 West 27th Street and Adam Neumann (Credit: Google Maps, Getty Images)

Lender moves to foreclose on site of NYC hotel linked to Adam Neumann, Mexican magnate

arrow_forward_ios
Loading...