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New York Business ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS Honors New York City Leaders at Annual Banquet The year 2017 was an eventful one for New York City’s real estate market. Although rents have receded for Manhattan retail properties this year, leasing of commercial property in the borough was on the upswing toward the close of the year. On the residential front, closed sales in Manhattan remained stable from the previous year; and in Brooklyn, prices for townhouses hit a record $1.2 million in the third quarter. At the same time, there were new average price records set in sales of co-ops in Manhattan, Brooklyn and Queens; sales of condos in Queens; and sales of one-to-three family dwellings in Brooklyn, Queens and Staten Island. The Bronx, meanwhile, saw a boom in development. Construction starts for 2017 are A LEGACY OF SUCCESS expected to be greater than $2 billion, making it the third year in a row, according to the New York Building Congress. “The five boroughs are buzzing with excitement,” said John H. Banks, president of the Real Estate Board of New York (REBNY). But there are also ongoing challenges that call for smart public policy. Affordable housing, construction safety, sustainability, taxes and zoning issues are among the biggest issues facing New York City’s real estate community at the moment, said Banks. “New York’s affordable housing crisis can only be addressed by increasing our production of new housing,” said Banks. “It is important to maintain the quality COMMERCIAL | RESIDENTIAL | RETAIL | FINANCE of our existing inventory of affordable housing, but we will need approximately 200,000 additional affordable units if we are to close the gap between the number of households at median income and the number of existing units at rents they can afford.” Read on to learn how REBNY is working to make a difference and for a look at the seven movers and shakers being honored at REBNY’s 122nd Annual Banquet, who are NEW YORK CITY’S LARGEST OWNER OF COMMERCIAL REAL ESTATE shaping the city’s skyline and quality of life. S1 S2 SLG-2432 SL Green REBNY Corporate Ads - 2018_Crains 10.875 x 14.5_V1.indd 1 1/5/18 12:16 PM ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS ARCH BROKERAGE LTD HUDSON REAL ESTATE PARTNERS RKF Laurence Roberts Alexander Schwartz Ross Berkowitz Thank You. Robert Futterman AVISON YOUNG JONES LANG LASALLE Michael Paster We are grateful to the Marty Cottingham Eliza Akers Ariel Schuster New York Robin Kelz Michael Berg Jaclyn Totolo New York brokerage Arthur Mirante Alexander Chudno Peter Whitenack is a City of Spectacular community for your Abe Cooper SAVILLS STUDLEY support in helping us BP REALTY NYC Erin Grace Architectural Icons Betty Posner Howard Hersch Allyson Bowen lease 800,000 SF Doug Kauman Richard Schuham CBRE Matt Ogle Greg Taubin ehind each landmark building are the people who run the city’s real in 2017. Bill Peters Ryan Alexander Hayley Shoener VICUS PARTNERS Ariel Ball estate industry, handling jobs such as leasing properties, bringing Patrick Smith Cassie Durand Andrew Stein Dan Turkewtiz large-scale development projects to life and building infrastructure Jared Freed B Cynthia Wasserberger WEXLER HEALTHCARE Michael Geoghegan Corey Zolcinski PROPERTIES TEAM AT that allows for easy access. Eric Kleinstein THE CORCORAN GROUP Douglas Durst Rocco Laginestra LANSCO Many New Yorkers sometimes forget just how lucky we are to live among David LaPierre Kathleen Caracappa Sinclair Li Robert Kulick Paul Wexler such architectural grandeur, but it has been a powerful lure for visitors from Zachary Price Josef Yadgarov LEE & ASSOCIATES Scott Sloves around the world for generations. I count myself lucky to have grown up in Harly Stevens Peter Braus WHARTON PROPERTY ADVISORS New York City, gone to college here and to live here now with my husband and Robert Stillman Richard Kave David Alperstein Jonathan Durst J. Paul Stimpfle Jaime Schultz Ruth Colp-Haber two children. Michael Wellen Brad Schwarz Rob Wizenberg Dennis Someck WINICK REALTY GROUP Garry Steinberg Steven Baker We are delighted to partner with the Real Estate Board of New York (REBNY) COLLIERS INTERNATIONAL JP Sutro Louis Eisinger Michael Joseph Kenneth Hochhauser to celebrate the contributions of the industry and the individuals within it who MANHATTAN COMMERCIAL Dylan Mattes Danielle Winick have shaped the New York City skyline and communities throughout the five REALTY Je Winick CRESA PARTNERS Robert Bielsky boroughs. In the pages to come, you’ll meet the industry’s most prominent Jane Roundell WINSLOW & COMPANY NEWMARK KNIGHT FRANK leaders, who are receiving public recognition on January 18 at REBNY’s 122nd Barry Spagna Catherine Menmo Bob Stella Benjamin Birnbaum Josh Winslow Annual Banquet. We congratulate them for their outstanding achievements. Corey Borg CROWN/RKF Eric Cagner WOODMAN GROUP Stephan Stephanou Brian Cohen Lee Barnes Irene Bar-Am Jonathan Franzel Advertising Director CUSHMAN & WAKEFIELD, INC. Neil Goldmacher Brian Goldman Connor Daugstrup Michael Horn Crain’s New York Business Robert Eisenberg Tatsuru Kono Jonathan Fein Andrew Taub Barry Garfinkle Alexandra Tennenbaum Jeery Heller Eric Zemachson Justin Royce Table of Contents Gregory Skaler Tara Stacom Peter Trivelas Mark Weiss www.ccctvradio.com / 212-255-7100 Introduction ....................................S1 Barry Zeller • LATEST DIGITAL RADIOS REBNY and the Digital Age ........... S5 • NEW TECHNOLOGY APPLICATIONS AND BENEFITS Rob Speyer .....................................S9 • PERFORMANCE COMPARISONS Elizabeth Stribling ....................... S13 • COST EFFECTIVE OPPORTUNITIES • SYSTEM DESIGN CONSIDERATIONS Chuck Schumer ........................... S15 Since 1989, we’re proud of our long term association Richard LeFrak ............................. S19 with REBNY members and award recipients. Joanne Podell ...............................S23 Gene Boniberger .......................... S27 Ron Lo Russo ...............................S31 CCTV • IP Cameras • Security Access REBNY Looks Back at 2017 ........S33 S3clermontnew.indd 1 1/10/18 1:11 PM S4 CN018502.indd 1 1/5/18 1:00 PM Crain’s- due January 5 10.875 x 14.5 (trim) ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS Committee hosted the inaugural #REBNYTech over the last 120+ years,” said Banks. With REBNY reinvents itself Hackathon at the Urban Tech Hub at Grand REBNY’s Residential Listing Service (RLS) now for the digital age Central Tech from Oct. 13-15, with competing launched and growing, the information the group teams of up to five people vying for $75,000 in has amassed will power the next generation of echnology is transforming many cash and prizes. The teams received access to listings programs in New York, he said. industries in New York City; and in real datasets from REBNY and its partners as they T estate, it is now playing a vital role. worked to solve challenges in six categories. Among the 19,000 residential real estate listings in the RLS, more than 90% are In response to rising demand for real estate “Hackathon teams worked throughout a currently being syndicated, exceeding JUNE 2018 technology innovation, members of the Real weekend-long competition to solve some of REBNY’s goal of 80% according to REBNY. Estate Board of New York (REBNY) formed the the most common problems observed across REBNYTech Committee in 2017. Chaired by all areas of the real estate industry,” said “The RLS is actively syndicating listings John J. Gilbert, III, chief operating officer and John H. Banks, president of REBNY. to more than 100 partner websites and executive vice president at Rudin Management broker products as we continue to grow our Company, Inc.; and Winston Fisher, partner at The Hackathon enabled REBNY members expanding network, launch new products, Fisher Brothers, the new committee focuses to connect with emerging tech talent on enhance technology and deliver world-class on ensuring that New York City remains on the creating cutting-edge “PropTech” solutions service to our members,” said Banks. cutting edge in global real estate technology by and new tools to improve efficiency. Winners encouraging innovation and collaboration. were chosen in each of the six categories: In June, REBNY finalized plans to syndicate architecture, engineering and construction RLS listings through a centralized, single feed. Other founding members include Blackstone, (ACE) and development; brokerage; sustainable “With this process, the RLS will improve data Douglas Elliman, the LeFrak Organization, maintenance and operations; open hack; quality for residential real estate agents and Millennium Properties, Milstein Properties, geospatial intelligence and cybersecurity. the public, who will have access to accurate Newmark Knight Frank, Pan Am Equities, Related and consistent listing content, drive listing Companies, RoseTech Ventures, Sidewalk Labs, In 2018, REBNY plans to develop new digital visibility and transparency and streamline Silver Mountain Investors, Silverstein Properties, products that, said Banks, will transform how the process of sharing listings for all REBNY Sterling Equities and Warburg Realty. it delivers services to its members. firms that choose to opt-in,” Michael Bisordi, president of Tungsten Property and co-chair of In one recent initiative, the REBNYTech “REBNY has built an incredible cache of data REBNY’s board of directors, said at the time. THEM US A manually manipulated writing and communications tool consisting of a solid carbon-based core mixed with a clay binder and encased in thin wood, usually hexagonal in section (but sometimes cylindrical), that creates marks through physical abrasion and is capped by an erasure and correction device made from natural rubber or styrene-butadiene. At Bryan Cave, we take the complexity out of Real Estate Private Equity and REITs. Our unique “one firm” approach brings to bear best-in-class talent from our 26 offices worldwide—creating teams that blend global reach and local knowledge. We simplify even the most complex transactions and leverage proprietary tools and technology to give our clients a decidedly competitive edge. Looking for a firm that gets straight to the point? Visit bryancave.com to learn more.
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