On the Market
John Catsimatidis has a soft side. The businessman says he still misses Cottonball, the departed family cat for whom he built a cemetery at his East Quogue home. He wistfully reminisces about taking his (now grown) children “pumpkin hunting” and says he is collaborating with Rep. Carolyn Maloney to transport two giant pandas from China for New York City schoolchildren to enjoy.
But Mr. Catsimatidis, 66, is also a shrewd executive and the brains behind his multibillion-dollar business, the Red Apple Group, which has holdings in real estate, energy and grocery stores.
Winick Realty Group is marketing more than 43,000 square feet of retail space in the Fort Greene section of Brooklyn, Commercial Observer has learned. The units are located within luxury mixed-use buildings being developed by John Catsimatidis’ Red Apple Group.
“Together with Winick Realty Group, Red Apple embraces the opportunity to create a synergy of development in the neighborhood and bring this groundbreaking retail opportunity to market, further complementing the new residential and office uses in the immediate vicinity,” Diana Boutross of Winick said in a prepared statement.
Mayor Bloomberg has been a vocal advocate of moving New York City toward the center of the tech world, but with the end of his third term approaching, the future of his vision is in jeopardy, especially where it concerns broadband technology. Throughout the day, Wired City will be publishing a series of interviews with several of this year’s crop of mayoral candidates, asking each where he or she stands on issues regarding broadband and how best to upgrade the city’s aging infrastructure.
New Yorkers won’t elect their next mayor for another eight months, but contenders seem to have been jockeying for position in the race since the moment Mike Bloomberg was elected to his controversial third term in November of 2009.
For nearly as long, the real estate industry has been chiming in on a rotating lineup of presumed frontrunners—some of whom have since dropped out of the race and several of whom have yet to officially declare their candidacies—and pondering the future of development in a city whose current mayor has been notably kind to it.
Here, below, are six standouts of the current crop of likely mayoral hopefuls; their notable positions on residential and commercial real estate issues as culled from news clippings, pre-debate roundtables and voting records; and the amount of money the real estate industry has thrown their way as of last month, according to the New York Public Interest Research Group.
In June of last year, before he began positioning himself as the most rabid Birther candidate for president on the Republican right, developer and casino operator Donald Trump gave $25,000 to the campaign of Kathleen Rice, the Democratic DA of Nassau County, who was the early front-runner to replace Andrew Cuomo as New York state Read More
A frequent theme at today’s Bloomberg Real Estate Briefing was just how great New York City real estate is. But there is one other place that all the machers look fondly on–perhaps making them the only people in the country who do so: Washington, D.C.
Even the politicians don’t like it, at least not Read More