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Articles in the Opinion Category

Green Building, Opinion »

[16 Dec 2014 | No Comment | ]

By Jorge J. Lopez, president and CEO,
ConEdison Solutions
The time is right to launch an integrated, multi-year Energy Master Plan.
While it is typically difficult for corporations and institutions to exercise control over such costs as healthcare and real estate, they do have a significant opportunity to rein in and rationalize their spending on another major budget item: energy.
Indeed, the growing capability of organizations to control energy spending comes at an ideal time, because energy prices have been extremely volatile during the past 24 months.
Corporations and institutions today have the power to …

REBNY Watch »

[16 Dec 2014 | No Comment | ]

By Steve Spinola
As 2014 draws to a close, I want to highlight a few of the REBNY members who were singled out this year for their achievements and contributions to our industry.
This year, our Deal of the Year Awards once again went out to industry professionals who went above and beyond. I would like to commend them for their creativity, hard work and determination.
In May, we held our Ingenious Deal of the Year Awards at the 101 Club, where we honored five of New York City’s most innovative real estate …

Office Market, Opinion »

[11 Dec 2014 | No Comment | ]

By Seth A. Liebenstein, partner, BBWG
 Within a commercial lease, a tenant’s assignment and subletting rights are typically specifically defined with the landlord likely having the right to consent to any assignment or subletting of the premises.
Often, a tenant will attempt to negotiate into the lease the right to assign or sublet the premises without the landlord’s consent under certain circumstances, which might include a sale of the tenant’s business, a merger or consolidation of the tenant’s business with another business, or, in some cases, a “desk-sharing” arrangement.
A desk-sharing arrangement is common …

REBNY Watch »

[10 Dec 2014 | No Comment | ]

I want to congratulate REBNY’s newly elected Commercial Board of Directors.
After serving for five years as the chairman of REBNY’s Commercial Board of Directors, William Montana will be succeeded by James P. Nelson, Partner at Massey Knakal Realty Services, following Friday’s elections.
The Commercial Board of Directors reviews the actions and decisions of committees of the commercial brokerage division, and takes the necessary steps to ensure that the Division runs effectively.
Nelson has been with Massey Knakal Real Estate Services since 1998, and in that time has been repeatedly recognized for his …

REBNY Watch »

[3 Dec 2014 | No Comment | ]

By Steven Spinola
REBNY recently released its third quarter 2014 Broker Confidence Index, which saw a slight decrease in both residential and commercial brokers’ confidence in the current market.
Overall broker confidence has slipped since the beginning of 2014. However, it should be noted that confidence levels have not dropped below 8.80 in 2014.
The Residential Broker Confidence Index dipped to 8.23 from 8.30, which, interestingly, is the same level it was exactly one year ago during the third quarter of 2013.
As in previous years, residential brokers have cited a lack of inventory …

REBNY Watch »

[26 Nov 2014 | One Comment | ]

By Steven Spinola
It has been 13 years since the attack on the World Trade Center, but unfortunately the threat of terrorism – both foreign and domestic – still poses a formidable risk to our country.
In recent years, we have seen deadly attacks carried out or attempted here and abroad. Anticipating and countering terrorist acts has become a daily requirement for our federal, state and local law enforcement agencies.
Similarly, the real estate, along with the larger business, community needs to constantly be on guard to anticipate and counter wanton acts of …

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 …

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