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Articles in the Opinion Category

Brokers Weekly, Finance & Accounting, REBNY Watch »

[1 Oct 2014 | No Comment | ]

By Steve Spinola
Last week The Fiscal Policy Institute and State Senator Brad Hoylman separately announced a proposal to tax non-primary resident owners of condo and co-op apartments and Class 1 properties (1-3 family homes) in New York City with a market value of $5 million or more.
REBNY is vigorously opposed to this proposal and will continue to express our serious concerns to the appropriate officials about the impact of this proposal on our industry and our city.
This proposal has had an immediate, direct, and negative impact on the residential sales …

Opinion, Property Managers »

[24 Sep 2014 | No Comment | ]

By Ian Marlow, CEO of FITECH,
It’s no secret that leases require a lot of administrative details and attention, which can sometimes hamper efforts to maintain strong occupancy rates and revenues. Issues such as lease renewals, notification dates, and tenant or landlord obligations may be inadvertently overlooked; files might be hard to locate; and employee attrition and departments accustomed to working separately (without technology integration) can all chip away at productivity and profits.
However, real estate investment and property management firms can build a stronger administrative structure by implementing industry-specific software that …

REBNY Watch »

[24 Sep 2014 | No Comment | ]

By Steven Spinola
If Horace Greeley were around today, urging folks to “Go West, young man” these days he would be talking about exploring the West Side of Manhattan over the Western United States.
It is fitting then that Greeley Square sits just east of the largest development in the history of the United States between Broadway and Sixth Avenue on 33rd Street. An entirely new neighborhood is taking root on Manhattan’s far West Side. Add in the High Line, the Whitney Museum, and the number 7 subway line, it seems everything …

Opinion, Retail »

[17 Sep 2014 | No Comment | ]

By Faith Hope Consolo
Chairman, The Retail Group,
Douglas Elliman Real Estate
After one of the most beautiful summers I can recall, everyone is now facing the most important time of year (at least in my beloved retail sector): the fourth quarter.
As I write this in early September, we also are in the midst of Fashion Week, which will give a hint not just of how retail will do for the holidays, but also what retailers we may see in the not-too-distant future.
After attending some half-dozen shows, I can report that luxe is …

REBNY Watch »

[17 Sep 2014 | No Comment | ]

By Steven Spinola
Amidst the issues New York is faced with every day, it is easy to lose sight of those which affect not only our city, but the world.
When New York City hosts next week’s United Nations Climate Summit 2014, there are many examples of global leaders of sustainable construction right here in New York City’s real estate industry.
The Real Estate Board of New York’s members are taking concrete steps to reduce emissions, and strengthen climate resilience.
For example, Related is performing construction on Hudson Yards on a platform 40 feet …

Photo Gallery, REBNY Watch »

[12 Sep 2014 | No Comment | ]

The Real Estate Board of New York hosted its 27th annual Pro-Am Tennis Tournament on September 3, 2014 at Sportime located at Randall’s Island.  Members who participated in the tournament spent “a day with the champions”, paired with professional tennis players. Following the competition, guests were invited to join in for the afternoon tennis clinic.
The proceeds from this annual event went to The Gift of Life Foundation in honor of our friend and well respective REBNY Member Steve Siegel’s wife, Wendy Siegel. Wendy has been fighting leukemia.  With the help …

Opinion »

[10 Sep 2014 | No Comment | ]

NGKF vice chairman Brian Waterman and developer Brad Blumenfeld will lead a team in the annual Light of the Night Walk taking place in Manhattan on September 18.
The walk – organized by the Leukemia & Lymphoma Society (LLS) –  is part of  Blood Cancer Awareness Month and commemorates the more than one million Americans affected by blood cancers every year.
Both Waterman and Blumenfeld have been touched by the heartache of the disease.  Brian’s brother Stephen died from  non-Hodgkin’s lymphoma in 2012.
David Blumenfeld – Brad’s brother – continues to battle chronic …

Opinion »

[10 Sep 2014 | No Comment | ]

By Harry L. Langer,  HL Langer & Co. 
The selective use of UPZONING is the most effective and efficient way to get AFFORDABLE HOUSING:
1. Any inner city vacant lot over 4000 square feet in low or moderate income areas (particularly those owned by the municipality) should be upzoned 4:1 to 10:1 land to building ratio (FAR).
 2. This new special zoning category would be exclusively targeted for and restricted to the construction of affordable housing based upon the determination and definition of poverty levels for families and individuals as set by the …

REBNY Watch »

[9 Sep 2014 | No Comment | ]

By Steven Spinola
At the 19th annual Real Estate Council Benefit on November 6, The Metropolitan Museum of Art will honor Burton P. Resnick, a founding member of the Met’s Real Estate Council. 
This evening will celebrate his noteworthy accomplishments in the real estate community as well as his long-standing support of one of the great New York institutions.
This is a well-deserved honor for Burt Resnick, a past chair of REBNY, who has devoted himself to improving our industry and the city of New York as a whole.
There are not many real …

REBNY Watch »

[3 Sep 2014 | No Comment | ]

On September 12th, I will be attending and speaking at the Meadowlands Regional Chamber of Commerce’s Transportation Summit, “Connecting the Region for the 21st Century: Investments for the Future.”
This event will provide an excellent venue for officials to engage in an informative discussion about transportation, mobility and put forward and explore new ideas that will shape the future of regional connectivity.
At this summit, I will join a smart group of leading transportation experts and scholars including John Robert Smith, Veronique Hakim, Mary Murphy, Martin Robins, Mitchell Moss, and Petra Messick.
Among …

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