New York’s recovery from the worst economic crisis since the Great Depression has been slow. Though monthly job growth has been positive, unemployment is about 30 percent for the city’s construction industry. A more robust recovery with meaningful job growth will require more private sector capital investment. This capital investment is stalled due to uncertainty Read More
Big Real Estate
Tom Acitelli and I notice a curious absence:
Mr. Trump nor his eponymous organization are members of the Real Estate Board of New York, the uber-powerful trade group that claims just about every big name in the business on its membership roster.
The group’s president told me, Read More
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
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
Last Thursday, Feb. 24, while journalists craned their recorders like goslings waiting to be fed, Democratic Senator Adriano Espaillat of the Bronx and Northern Manhattan gave the assembled tenant activists what they wanted.
“We will go down to the wire,” he said after the rally. “This is a 15-round fight.” Professional boxing matches are now Read More
Your Daily Commute
Steven Spinola, the all-powerful head of the Real Estate Board of New York, seems to think so.
He told the Post that “landmarking the entire city does not leave opportunity to grow,” and he has a point that there won’t be much of the Upper West Side left that is not 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
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
It’s been two years since the chairman of the New York State Independence Party, Frank MacKay, cut his hair and removed his earrings. At the time, he was traveling around the country, trying to lay the groundwork for a potential presidential campaign, and he realized that he’d be taken more seriously if he looked less Read More
To anyone closely watching the recent City Council elections, a small set of races took an interesting turn in the summer. The Independence Party of New York, typically something of a passive player in city politics, suddenly became actively involved in outer-borough contests, pushing hard for four or five candidates in the Democratic primary that Read More