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Articles in the REBNY Watch Category

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[15 Aug 2014 | No Comment | ]

By Steve Spinola
This week, I’d like to recognize William (Bill) Montana, a longstanding REBNY member who is constantly working to improve the real estate industry.
A member of numerous committees, subcommittees, organizations, and more, Bill is the kind of person who wants to be part of every aspect of what is going on in his community and field, and does not wait for these opportunities to be involved to come to him – he initiates, comes up with ideas, and has dedicated an impressive amount of time and effort into not …

REBNY Watch »

[6 Aug 2014 | No Comment | ]

By Steve Spinola
The Port Authority of New York and New Jersey has been using its Midtown bus terminal for the past 65 years, and recently announced that it is actively taking steps to address the numerous problems plaguing its aging terminal.
This week I’d like to talk about and raise awareness of some of the problems facing the Port Authority’s bus terminal, and explain why these improvements are so important to its continued operation.
Opened in 1950, the Port Authority Bus Terminal on 8th Avenue between 40th and 42nd Street is the …

REBNY Watch »

[30 Jul 2014 | No Comment | ]

By Steven Spinola
Despite increasing prices, demand in the NYC home sales market remains strong, according to the Real Estate Board of New York’s (REBNY’s) 2014 Second Quarter NYC Residential Sales Report.
The Second Quarter market report results show that NYC has a growing economy and that people still see the City as a good place for families and homeownership.
As prices soar in the Manhattan residential sales market, potential buyers are expanding their geographic considerations to the other boroughs in search of more affordable homes.
Consequently, residential sales activity in …

REBNY Watch »

[23 Jul 2014 | No Comment | ]

By Steven Spinola
In a city with more than eight million people, and another million expected by 2040, we need to focus on New York’s transit system and how important it is to our future.
Our trans-Hudson transportation is in dire need of attention.
New York City’s population has almost doubled since the last rail connection under the Hudson was built over 100 years ago, and the population of the counties on the other side of the river has tripled.
More significantly, almost a third of the city’s workforce is now comprised of suburban …

REBNY Watch »

[16 Jul 2014 | No Comment | ]

By Steven Spinola
The issue of landmarking and its relationship with New York’s need for additional housing, especially affordable housing, is receiving a great deal of attention.
REBNY’s recently released a report entitled Housing Production on NYC Landmarked Properties is an informative and important contribution to this crucial public policy discussion.
The report’s analysis concluded that that of all the new housing created citywide over the past decade, less than one half of one percent was within landmarked historic districts.
Between 2003 and 2012, 206,819 new residential units were constructed, and only 1,318 of …

REBNY Watch »

[9 Jul 2014 | No Comment | ]

By Steve Spinola
This year, REBNY will be partnering with Food Bank For New York City for our 6th Annual Summer Donation Drive.
The issue of hunger in our city is one which I believe does not receive as much attention as it deserves.
Every day, more than two and a half million New Yorkers experience difficulty affording the food they need, and that number will only continue to rise as our food supply continues to diminish and the cost of food reaches new heights.
This number represents almost a third of our city’s …

REBNY Watch »

[2 Jul 2014 | No Comment | ]

By Steve Spinola
It would be interesting to see how the founders of REBNY would react if they could see what their organization has become today.
When it was created in 1896 as the Real Estate Board of Brokers of the City of New York, REBNY was chaired by architect and contractor William Harrison Folsom and consisted of 27 members.
Today, New York City’s first real estate trade association has over 15,000 members, 127 of whom have been members for over 50 years.
This week, I’d like to take special notice of these long-time …

REBNY Watch »

[25 Jun 2014 | No Comment | ]

By Steven Spinola
For one hour, New York lowered its lights to raise awareness.
Green Light New York, an ambitious non-profit organization that connects the real estate industry to energy and lighting efficiency solutions, recently organized the Daylight Hour.
For this campaign, which took place Friday between noon and 1 p.m., office buildings turned off their lights in day-lit spaces for one hour to raise awareness about the energy and money that can be saved by not using lighting when it isn’t needed .
“On average, about 30 percent of NYC office space can …

Construction & Design, REBNY Watch »

[18 Jun 2014 | No Comment | ]

By Steven Spinola
The Edward J. Malloy Initiative for Construction Skills has come a long way.
Since its creation in 2001, it has become a widely renowned program known for creating career opportunities for people throughout all five boroughs, training New York’s diverse workforce, and enabling the members of that workforce to earn fair wages.
In this period of economic growth, Construction Skills’ business model has allowed it to produce consistently positive results, and it has been improving on itself since it began.
For these reasons, Construction Skills was recently the subject of a …

REBNY Watch »

[11 Jun 2014 | No Comment | ]

By Steven Spinola
The secret is out: a spectacular vacation island getaway has been hiding in plain view right under our noses in New York Harbor.
Governors Island re-opened last month, and it’s better than ever.
After a long and bitter winter, the time has finally come to embrace summer in full force with a brand new hotspot.
Over the past several years, artists and architects have been keeping a watchful eye over the island, taking note of who visited it, how often, and what they chose to do during their stay. Out of …

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