Affordable Housing or Lack Thereof
Cushman & Wakefield has reportedly hired former New York City Police Commissioner Raymond Kelly to head a new anti-terrorism and crime division.
The “risk management services” division will advise commercial real-estate clients on how to protect their buildings and data from threats.
Seven years ago, when the Westside mega-development known as Hudson Yards was but a twinkle in the collective eye of real estate moguls and Bloomberg officiates, grumbling had already begun about inequality among the neighborhood’s residents. Those residents, of course, had yet to arrive. And the complaints seemed stranger still given that Hudson Yards had, Read More
Mayor Bill de Blasio today unveiled his $73.7 billion preliminary budget plan for the next fiscal year–squirreling away more than $1 billion in surplus money left by the previous administration as he prepares to enter negotiations with the city’s 150-plus municipal labor unions, which are all working under expired contracts and itching for pay hikes and retroactive raises.
As part of his State of the City address this afternoon, Mayor Bill de Blasio promised to expand living wage legislation using a tool he has previously rarely mentioned: an executive order.
Mr. de Blasio announced that he will move to drop a lawsuit filed by his predecessor, Michael Bloomberg, to halt legislation passed by the Council guaranteeing so-called “living wage” salaries to employees of projects that receive more than $1 million in city subsidies.
Not So Silent Night
There is a long road ahead—that much is certain.
Mayor Bill de Blasio’s plan to create 90,000 new units of affordable housing and preserve an additional 110,000 units over the next 10 years will require the support of not only Albany and Washington, D.C., but also many of the real estate industry’s key players in addition to city resources.
Millions of dollars well spent? Read More
The formal dinner held in the Hilton’s cavernous Grand Ballroom is the centerpiece of the REBNY banquet celebration. But the preceding cocktail party in the Mercury Ballroom is just as lively despite its more intimate size—450 this year, compared to the banquet’s roughly 2,200. Indeed, invites to the cocktail hour are especially coveted by the wheelers and dealers in an industry that’s famously fond of status symbols.
I want to thank New York Observer readers for enjoying Politicker’s Inauguration coverage in impressive numbers. Over the past three days, the Observer’s political coverage has been picked up by a wide range of outlets and enjoyed by more than 325,000 individuals who read a total of over half a million pages. Read More
Mayor Bill de Blasio today defended the controversial comments made by many of his inauguration speakers, including one cleric who described New York City as a “plantation.”
“I am very comfortable with everyone’s remarks yesterday and I think the ceremony represented the positive aspiration of New Yorkers for a more just city,” he told reporters today after swearing in his new Police Commissioner, Bill Bratton, at a ceremony at 1 Police Plaza.
Former Mayor Michael Bloomberg’s top communications deputy isn’t entirely pleased with the way Bill de Blasio’s inauguration speakers presented his ex-boss’s record.
The deputy, Howard Wolfson, reached out to WNYC this morning to argue against some of the claims made by the event’s speakers, who presented the city as a deeply divided “plantation” in need of new leadership and direction.