Big Real Estate
Our politics desk is putting together a piece for tomorrow’s paper on Donald Trump, the presumptive presidential candidate. But what about Mr. Trump, the real estate tycoon? Or, more to the point, what about Mr. Trump, the local real estate tycoon?
He’s always kind of been of New York, but not so much in it, Read More
Grinding the Sausage
Amidst the celebratory backslapping at the Real Estate Board of New York’s Ingenies on Monday evening, REBNY president Steven Spinola quietly savored an even bigger victory.
In a January 2010 Observer article, he had sounded one of the earliest calls for not holding the 9/11 terror trials in the federal courthouse in Lower Manhattan. Attorney General Read More
With the deadline to pass a state budget basically a week away, Governor Andrew Cuomo has backed down on passing two controversial changes to New York’s real estate laws. He said at a press conference in Albany yesterday that rent-regulation changes and a property tax cap are “too complex” to put in the budget.
In a Read More
The contenders for commercial real estate’s top prize, the so-called “Ingenious Deal of the Year” award, were unveiled by the Real Estate Board of New York today, with name checks coming in for each of the city’s top firms.
CB Richard Ellis led all comers with four nominees, notably a deal for Mercedes Benz’ new Read More
In the commercial real estate brokerage industry, there are many qualities that are common among the very top producers: having a passion for the business, specialization, hard work, integrity, positive thinking, being able to successfully manage time and setting goals. Another characteristic common to the top brokers in our industry is their ability Read More
Think twice before you elbow a tourist in Times Square. Rents in the wanna-be hotspot just soared 21 percent, thanks to the city’s tourism boom.
Retailers in the area are now paying upward of $1,700 a square foot annually, according to a quarterly report from the Real Estate Board of New York that came out this morning. That’s Read More
Time to Make the Sausage
The Bloomberg administration’s plan to limit the spread of hotels in north Tribeca is drawing fire from the real estate industry.
The Real Estate Board of New York, the industry’s chief advocacy group, today put out testimony rather critical of a new special provision for hotels contained within the planned North Tribeca rezoning, calling it Read More
For many years in Albany, a town with many an uncertainty, there was one constant: Joe Bruno was the majority leader in the Senate, and the New York City real estate world was a loyal benefactor. The industry was a steadfast supporter of that Republican majority, and poured campaign contributions into Republican coffers (and not, Read More
Your Daily Commute
Tuesday’s hearing on the 421-a Property Tax Exemption Program almost didn’t happen.
“When we mailed out the notice and we reached out to a lot of people, there was almost no response,” Vito Lopez, chairman of the state Assembly’s housing committee, said. “So it’s quite interesting.”
At issue was whether 421-a, which gives tax breaks Read More
A new subway station at 41st Street and 10th Avenue as part of the extension of the No. 7 subway line is not dead yet.
The main lobbying arm of the real estate industry, the Real Estate Board of New York, has been pushing for months for the Bloomberg administration to build out a second Read More