Wired City

Mayoral Candidates Weigh in on Tech Expansion: John Liu

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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. Read More

Mayoral Race

Where the Mayoral Candidates Stand

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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. Read More

Controversies

Group Grades The Moinian Group With a Big Fat “F”

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Things could get rowdy when a consortium of elected officials including City Council Speaker Christine Quinn rallies near City Hall this afternoon to issue a report card to Joe Moinian’s The Moinian Group for alleged failings as a real estate developer and landlord.

The report card grades the developer – with letter grade “F” across the board – on tenant relations, safety, financial stability, vendor relations and the creation of good jobs.

“It’s going to be rowdy – we’re expecting hundreds of people,” said Jessica Ramos, a spokesperson for Build Up NYC, one of the groups spearheading the effort.  “We want to create public support and awareness for them to be a responsible developer and build buildings with good jobs that actually help the economy.” Read More

Lease Beat

Entertainment Law Firm Grubman Indursky Shire & Meiselas Renews at Carnegie Hall Tower

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Law firm to the stars Grubman Indursky Shire & Meiselas will stay grounded at Carnegie Hall Tower after renewing its 26,000-square-foot lease at the Midtown building.

The entertainment firm, which lists Bruce Springsteen, Lady Gaga and U2 among its clients, will pay rents in the $90 per square foot range for the 30th, 31st and partial 32nd floors of the tower, where it has maintained offices since 1991.

Michael Cohen, the tristate president of Colliers International, represented the tenant. Matt Leon, a broker at Newmark Grubb Knight Frank represented the owner, TF Cornerstone, alongside in-house representative Chip Sealy. Read More

Liu Forms Community Agreements Task Force

City Comptroller John Liu has formed his Task Force on Public Benefit Agreements, selecting four co-chairs who hail from backgrounds of labor, the real estate industry, housing and small business. The chairs are Jack Ahern, president of the Central Labor Council; Barry Gosin, CEO of brokerage Newmark Knight Frank; Priscilla Almodovar, a former top state Read More

Liu Wants To Change Community Benefit Agreements, Development Subsidies

For the second time in as many days, Comptroller John Liu has announced plans to revamp a process related to real estate development.

On Tuesday, he called for general changes to the way subsidies are awarded

Wednesday belonged to community benefit agreements, the un-regulated deals often struck between eager developers and community groups concerned about their projects, usually Read More