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Articles in the REBNY Watch Category

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[26 Nov 2014 | No 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 …

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 …

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 …

Featured, REBNY Watch »

[2 Oct 2014 | No Comment | ]
REBNY: Pied-a-terre tax would be a big faux pas for industry

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 says it will continue to express its serious concerns about the impact of the proposal on the industry and city.

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 …

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