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[27 Feb 2015 | No Comment | ]

By Steve Spinola
New York City is always improving upon itself. Whether that means developing new neighborhoods, attracting new talent, constructing more efficient buildings, or renovating existing structures, New York is and has always been leading the way when it comes to embracing the future.
Governor Cuomo recently highlighted a project that is crucial to the region’s future, the importance of redesigning La Guardia and John F. Kennedy International Airports, an investment which he said would help sustain our vital transportation and foster strategic growth in New York.
We cannot underestimate the importance of air travel. Our airports are …

REBNY Watch »

[18 Feb 2015 | No Comment | ]

By Steven Spinola
There have been a few recent calls for the elimination of the 421-a tax exemption program, an important incentive that helps create affordable housing.
Eliminating the 421-a program would render Mayor de Blasio’s efforts to greatly expand the creation of more affordable housing largely impotent. The City would see a sharp drop off in the production of new housing units; a further skewing of the residential market toward condominium rather than rental production; and an accelerated tightening of housing costs for renters and buyers alike.
The 421-a program, which was …

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[11 Feb 2015 | No Comment | ]

By Steven Spinola
Mayor de Blasio made both affordable and market-priced housing a focal point of his second State of the City address at Baruch College last week.
The Mayor’s call for an additional 160,000 new market-rate units, above and beyond the 200,000 affordable units the administration plans to build or preserve over the next decade, is bold and necessary to meet the housing demands of our growing population which is expected to reach nine million in the next twenty years.
To make his vision a reality, the Mayor’s plan will require new …

REBNY Watch »

[4 Feb 2015 | No Comment | ]

By Steven Spinola
Every year since 1996, REBNY has presented one of its outstanding young commercial members with the Most Promising Commercial Sales Person of the Year Award.
The winner of this prestigious award receives a one-year seat on REBNY’s Board of Governors, and also becomes a lifetime member of the Circle of Winners group, which meets four times a year for a private dinner with some of the real estate industry’s top leaders.
The Most Promising Commercial Sales Person of the Year Award was created by the directors of the Board’s Commercial …

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[28 Jan 2015 | No Comment | ]

By Steve Spinola
REBNY’s Residential Sales Report, issued quarterly. presents an up-to-date and comprehensive summary of New York City’s residential sales by borough, by neighborhood and by property type. It is the only report in the city which covers all five boroughs and their many neighborhoods, and recently, our fourth quarter report for 2014 was released. This latest report wraps up what has been an impressive year for residential real estate, and illustrates positive trends which we hope to see continued in 2015.
The average sales price of cooperatives, condominiums, and one-to-three-family …

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[20 Jan 2015 | No Comment | ]

Statement of Real Estate Board of New York President Steven Spinola on receiving The Harry B. Helmsley Distinguished New Yorker Award – January 15, 2015
Thank you for this wonderful honor tonight. To receive an award in the name of Harry Helmsley is an extraordinary recognition.
To have had the privilege to represent our industry for nearly 30 years has been a continuing honor and an opportunity of a lifetime.
You have trusted me to serve as REBNY’s President and be the voice of the most important industry in our City.
I will never …

Featured, REBNY Watch »

[14 Jan 2015 | No Comment | ]
Hard work paying off with real estate victories in government

This Thursday marks REBNY’s 119th Annual Banquet, an event which celebrates our industry, its members, and everything we have all done in the past year to better New York City.

One of REBNY’s most important missions is to advocate on behalf of our members’ best interests on not only a city and state-wide level, but on a federal level as well.

2014 was a year which saw us working harder than ever before to pursue that mission and set more goals for the year ahead.

Featured, REBNY Watch »

[7 Jan 2015 | No Comment | ]
REBNY reign coming to an end with a burst of energy initiative

By Steven Spinola
Next week, our industry will convene for what is always one of my favorite nights of the year, the REBNY Annual Banquet which will take place at the New York Hilton on January 15.
Tickets are still available, but they won’t last.
In between meeting new contacts, catching up with old friends, and schmoozing with the movers and shakers of real estate and government, you’ll want to keep an eye out for five special REBNY members.
The Bernard H. Mendik Lifetime Leadership in Real Estate Award will go to William C. …

REBNY Watch »

[23 Dec 2014 | No Comment | ]

By Steven Spinola
Construction is nearing completion at Riverside Center, and with it marks the end of the Riverside South mega-project.
Originally conceived over 50 years ago, this exciting plan has transformed a 77-acre former rail yard into a series of condominium buildings between 59th and 72nd street. Once completed, Riverside South will breathe new life into the area.
This new neighborhood will include more than 10,000 new homes, restaurants, retail plazas, additional space for parking, roads, and more.
Over 27 acres are being rezoned specifically for Riverside Park South, and the surrounding area …

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[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 …

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