REBNY 2014

Postings: REBNY By the Numbers

The REBNY 118th Annual Award Banquet Photo by Steve Freidman

A jubilance not seen in years permeated the Real Estate Board of New York’s 118th banquet following a year characterized by several major victories for the industry, soaring rents and widespread development across the city. The politician-studded crowd at the Hilton included Governor Andrew Cuomo and new Mayor Bill de Blasio, along with a consortium of new faces in city government. All were treated to a REBNY banquet that once again boasted the feel, charm and spirit of the boom era’s glory days. Below are some facts and tidbits:   Read More

REBNY 2014

The Party Circuit: 118th Annual REBNY Banquet

18 Photos

REBNY 118th Annual Award Banquet

The Real Estate Board of New York (REBNY) rolled out the red carpet for its 118th annual banquet held at the New York Hilton on January 16. The exclusive event, touted as the industry’s most important networking event of the year, drew in many of New York City’s most influential industry leaders, elected officials and hundreds of the city’s top real estate professionals to celebrate 2013’s accomplishments and opine on the outlook for 2014, which promises to be another exciting year in real estate. Award winners at this year’s REBNY banquet were: Stephen L. Green, Chairman of the Board, SL Green Realty Corp.; Kenneth Fisher, Senior Partner of Fisher Brothers; Joel I. Picket, Chairman and Chief Executive Officer for Gotham Organization, Inc.; Robin Abrams, Executive Vice President of The Lansco Corporation; Thomas L. Hill, Senior Vice President of Boston Properties’ New York Property Management Department; and Robert C. Fink, Director of Leasing for The Winter Organization. 

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MSG

Garden Party: MSG Unveils Transformation

Chase Bridges

After three years and $1 billion, Madison Square Garden officials today unveiled the third and final phase of the arena’s transformation, a spectacular attempt to blend the venue’s rich history with modern amenities.

Flanked by Governor Andrew Cuomo, Madison Square Garden Chief Executive Officer Hank Ratner and The Captains, Willis Reed and Mark Messier, Executive Chairman James Dolan introduced the changes to a crowd of hundreds inside the arena’s newly redesigned 7th Avenue entrance.

“I’m a very proud New Yorker today,” Mr. Dolan declared to applause before beginning his prepared remarks. Read More

Controversies

State Probing $10 Sale of World Trade Center Name

OneWorldTrade

New York Attorney General Eric Schneiderman is reportedly leading an investigation into the 1986 sale of the rights to the World Trade Center name for just $10.

The Port Authority of New York and New Jersey sold the naming rights to outgoing executive Guy Tozzoli for use by his nonprofit World Trade Centers Association, which Read More

Lease Beat

Droga5 Ties Relocation to 154 Person Job Creation

Courtesy of Wikipedia

Global creative and strategic agency Droga5 will be trading in their Noho headquarters and taking the plunge downtown to 120 Wall Street.

The company follows nearly 400 companies from various sectors that have relocated to Lower Manhattan since 2005, Downtown Alliance noted. 120 Wall Street, owned by Silverstein Properties, is currently undergoing a capital improvement program to modernize its facade, lobby, elevator cabs in effort of attracting even more firms to the building. Read More

Casinos

Muss Development Rolls Dice on Foxwoods Resort Casino

craps1

Just days after Governor Andrew Cuomo introduced legislation that would authorize three new Upstate New York resort casinos, Foxwoods Resort Casino and Muss Development have signed a partnership agreement to build a destination resort style casino and hotel in Liberty, New York.

The presidents of the respective companies, Scott Butera and Joshua Muss, have been Read More

concrete thoughts

We’ve Got Your Package Right Here

knakal-silo-for-web

As the year draws to a close, I usually dole out holiday wishes for those who are either directly or indirectly related to the commercial real estate industry in New York City.

However, in a year in which politics has been such a central theme, this year’s focus will take stock of how our elected officials have performed and what Santa should give them. Read More

Power 100

“The Governor Is On the Line…” Andrew Cuomo and the Real Estate Industry

Andrew Cuomo, No. 3.

“The governor is on the line,” a top real estate executive recalled his wife telling him early one morning in his suburban home several weeks ago.

He remembered feeling a small spasm of panic as he cursed aloud—without realizing his wife was on the other side of the door holding the receiver out.

The man put the phone to his ear. “That’s what you say when I call?” Gov. Andrew Cuomo said in jest. Read More

concrete thoughts

Does Cuomo Want to Be President?

Robert Knakal.

After his stint in Washington running the Department of Housing and Urban Development, it is easy to guess that Andrew Cuomo would rather live in the White House than in the New York State House.

If this is true, his pension reform battle might be his most important initiative yet. Read More

Power Broker

Chris Ward Responds to Port Authority Audit and New Role as Dragados Exec

Charlie Murphy.

It’s the day after the Port Authority released an audit of the agency and Chris Ward is sitting calmly in his new office above Bryant Park.

Coming off of more than three years as its top New York executive, Mr. Ward has no illusions how the bi-state agency is run.

The audit last week cited mismanagement at the Port Authority and spiraling costs at the World Trade Center site, findings that aren’t exactly revelatory. Swelling budgets have been a long-running problem at the complex site and criticisms have been lobbed before at the sprawling agency’s byzantine structure. Read More