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Articles in the Opinion Category

Opinion, Retail »

[19 Nov 2014 | No Comment | ]

By Scott Galin, principal and CEO, Handler Real Estate Organization
As someone who has spent his entire career working in the Garment District, the transformation of this Manhattan corridor has been nothing short of incredible.
Prior to my joining Handler Real Estate Organization, my family owned and ran G&G Shops, a junior fashion apparel chain. Our headquarters were right here in the Garment District, at 229 West 36th Street.
I started off as a stock boy at age 13, at our 34th Street and Broadway store, and over the 35-plus years thereafter, held …

REBNY Watch »

[19 Nov 2014 | No Comment | ]

By Steven Spinola
While rental sites and apps such as Airbnb are well-intentioned, lately they have been criticized by City officials due to their potential threats to the affordability, safety and residential character of the communities they affect.
Recently, the office of New York State Attorney General Eric Schneiderman released a report outlining concerns regarding the impact these sites have on our City, and it highlighted several important issues.
One such issue is that using Airbnb and similar websites to rent out an apartment in New York City typically violates the New York …

REBNY Watch »

[12 Nov 2014 | No Comment | ]
REBNY gala honorees deserving of accolades

By Steve Spinola
I was deeply honored by REBNY Chairman Rob Speyer’s announcement that I will be the recipient of the Harry B. Helmsley Distinguished New Yorker Award at the REBNY Annual Banquet which will take place on January 15th . However, I will not be the only honoree at next year’s event, nor the most deserving of accolades.
Among REBNY’s 16,000 members, five industry leaders will be selected to receive equally prestigious awards and gain recognition for the incredible contributions they have each made in their fields over the course of their careers. …

REBNY Watch »

[10 Nov 2014 | No Comment | ]

By Steven Spinola
We marked a major milestone in the history of New York City this week, after eight years of construction and standing at a symbolic 1,776 feet,  One World Trade Center opened its doors. As the first employees of Condé Nast are settling into new offices at this spectacular building, thousands of more employees of the publishing company and other firms will move there in the weeks and months ahead.
It is difficult to decide where to begin when discussing this masterpiece of modern engineering, designed by David Childs, a …

REBNY Watch »

[29 Oct 2014 | No Comment | ]

By Steve Spinola
It gives me great pleasure to announce this week that The Real Estate Board of New York (REBNY) has welcomed our 16,000th member, this marks a significant milestone for our organization and caps a period of steady growth and influence over the years.
The journey to 16,000 members has been a gradual process since 1896 when a group of 27 commercial brokers began holding weekly meetings at an office on Liberty Street. In 1986, when I became REBNY President, there were just over 4,000 of us.
I would like to …

Opinion, Retail »

[22 Oct 2014 | No Comment | ]

By Faith Hope Consolo, chairman, The Retail Group,
Douglas Elliman Real Estate
The tech giants are coming. Within less than two weeks, Microsoft announced that it would open a Fifth Avenue flagship store just blocks from Apple’s iconic location on the avenue, and Amazon said it would open a pop-up shop on West 34th Street, steps from Herald Square and the Empire State Building.
Microsoft has been opening stores around the country (it should have nearly 125 by year-end), so it was simply a matter of time before it found the right location …

Opinion »

[22 Oct 2014 | No Comment | ]

By Sarah Berman,
executive director,
Avenue of the Americas Association
The Avenue of the Americas has experienced a major shift from the traditional “corporate corridor” to a true New York City neighborhood, favorable for many traditional corporate tenants to expand their businesses as well as a diverse array of new tech, media and creative uses.
In recent years, the Avenue has welcomed many new media tenants such as BBDO, Sandow Media and Grubhub/Seamless and has provided flexible layouts and modern amenities to these tenants who often seek a 24/7 “live, work, play” environment …

REBNY Watch »

[22 Oct 2014 | No Comment | ]
Vanderbilt Avenue rezoning and developments good for New Yorkers

By Steve Spinola
On Monday, the City Planning Commission certified applications that will start the public review process for the rezoning of the Vanderbilt Avenue corridor. This rezoning will ensure that the area maintains its status as a global business center.
The anticipated new office developments will not only create the modern office spaces that tenants demand, but it will also generate thousands of good paying middle class jobs.
The plans for Midtown East will have a real impact on New Yorkers from every corner of the city—not just those who work or …

Construction & Design, REBNY Watch »

[15 Oct 2014 | No Comment | ]

By Steven Spinola
Next month, the state will enact some important changes to the approved methods of testing for vermiculite which will continue to protect the public’s health and safety and avoid costly testing.
These changes are the result of the close collaboration of government officials, the world’s most respected scientists in the area of vermiculite and members of our industry.
Vermiculite is a mineral found in sheet rock, insulation, and other building materials and was commonly used for fire protection on structural steel buildings, once the danger from asbestos was recognized and …

REBNY Watch »

[9 Oct 2014 | No Comment | ]

By Steven Spinola
The Durst family made headlines recently when they announced plans to create a new residential development on the Queens waterfront.
This new complex will be located in what is now an isolated and underutilized section of Astoria known as Hallets Point.
The project will include seven apartment buildings with more than 2,000 apartments for residents of varied income levels, a public esplanade, a school, and a supermarket.
Hallets Point marks one more step forward in an entirely new vision for the Queens waterfront.
Just next door, at Astoria Cove, plans for 1,700 …

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