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
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
Time to Make the Sausage
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
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
Your Daily Commute
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
The real estate industry’s main advocacy arm has staffed up with a new executive to lead its ambitious effort to gain more influence in political campaigns. James Whelan, a former Bloomberg administration official and an executive at Muss Development, will run the political and organizing effort at the Real Estate Board of New York, Read More
Clark Finney, a young associate at Cushman & Wakefield with less than three years of experience in real estate, was on March 2 named the Real Estate Board of New York’s “Most Promising Commercial Salesperson of the Year” for 2009, it was announced.
Mr. Finney, whose achievements in 2009 included tripling to Read More
News Corp. Chairman Rupert Murdoch was the guest speaker at the Real Estate Board of New York’s latest members luncheon, on March 2 at the Sheraton on Seventh Avenue. The Observer‘s Dana Rubinstein covered the speech, which veered from politics to real estate to the larger economy to The New York Times vs. the Read More
At a real estate lunch at the New York Bar Association last week, Bob Knakal, chairman of brokerage Massey Knakal, stood up and asked attendees to sign a petition to help find money to build a new $800 million station along the No. 7 line on Manhattan’s far West Side—one of many a Read More