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Download the Report THE REAL ESTATE BOARD OF NEW YORK ANNUAL REPORT 2016 TABLE OF CONTENTS TABLE OF CONTENTS Year in Review . 3 Awards . 4 Events . 13 Committees . .19 Education . .25 Member Services . 32 Philanthropic Activity . 39 Economic Impact . .41 New York City Issues . 42 New York State Issues . 45 Federal Issues . 47 Contact REBNY . 48 2 | THE REAL ESTATE BOARD OF NEW YORK ANNUAL REPORT 2016 YEAR IN REVIEW YEAR IN REVIEW This was a promising year for New York City and our industry as we continued to experience an increasing pace of job creation, near record low crime levels and improving schools . A healthy real estate market meant our industry continued to generate billions of dollars in tax revenue to fund vital city services . Tourists continue to choose New York City as the place to be with 2016 registering a new record of more than 60 million visitors . were consistently sold out and have among the leaders who helped spare become increasingly popular . The New York City from bankruptcy in the Residential Education Committee 1970s, and was devoted to improving conducted numerous Boot Camp the lives of the less fortunate through Seminars and informational Breakfast his extraordinary generosity and Clubs . In 2016, for the first time, REBNY involvement in health care, education, held a successful six-week course on the arts and social services . New York public speaking and presentation skills . is a better place today thanks to Jack Throughout 2016, REBNY was at the Rudin and his family’s philanthropy, Finally, in 2016 we bid farewell to a friend, forefront of a wide variety of public public leadership and civic obligation . a great champion for New York City and policy debates related to our industry . an esteemed REBNY member for over As we move forward, our industry We played a crucial role in winning 63 years . Jack Rudin was awarded the will continue to focus on progress, legislative victories on issues ranging Bronze Star for his bravery in World understanding that the success of our from combating illegal short-term War II and was a hero to all of us who endeavors and members means the rentals to creating reasonable timelines were touched by his kindness . Jack was success of New York City . for considering landmark designations . REBNY helped develop a framework for the rezoning of Greater East Midtown as an active member of the Greater East Midtown Steering Committee . Once again, REBNY members demonstrated our commitment to protecting the environment with the launch of a new energy efficiency and sustainability training program that registered more than 800 building managers in 2016 . REBNY Residential and Commercial Brokers had a tremendous year, keeping up with a busy calendar of networking events and awards JOHN BANKS ROB SPEYER ceremonies . Our educational offerings REBNY President REBNY Chairman THE REAL ESTATE BOARD OF NEW YORK ANNUAL REPORT 2016 | 3 TABLEAWARDS OF CONTENTS AWARDS To recognize the wide-ranging In addition to professional, networking opportunities, furthering achievements of our members and philanthropic and humanitarian peer relationships and building brand their contributions to REBNY, the service, the honors also span awareness among the real estate real estate industry, New York City development, sustainability, energy industry’s best and brightest . and beyond, distinguished awards conservation and public safety, are annually presented at REBNY’s among other fields . From up-and- Separate from our annual REBNY esteemed events . coming brokers to seasoned industry awards, our Vice President of titans, REBNY’s awards cover all Urban Planning & Data Analytics, These honors represent excellence in levels of professional experience and Paimaan Lodhi, was honored at leadership, deal-making, meritorious accomplishment, and are celebrated City & State New York’s annual 40 service, moral character and ethical by all divisions of membership . Under 40 Awards, which recognizes conduct, among other stand- exceptional individuals working in out attributes . They demonstrate Award winners are announced at New York City government, advocacy, the creativity, ingenuity and galas, ceremonies and cocktail media and more . Ryan Baxter, professionalism of REBNY members, parties, as well as at dinner, REBNY’s Vice President of Public while also highlighting the impact luncheon and breakfast events Affairs, Management Services and that contributions of REBNY members held throughout the year . These Government Affairs, won the same have on the communities they serve . events are among the industry’s top honor in 2015 . REBNY 120TH BANQUET Real estate’s finest, along with City 120th Annual Banquet held at the Zuccotti, a former REBNY Chairman, and State dignitaries, including New York Hilton on January 21st . and the exceptional contributions and Governor Andrew Cuomo and Mayor accomplishments of distinguished Bill de Blasio, showed up in force at The momentous evening honored leaders among REBNY membership . REBNY’s overwhelmingly successful the legacy of industry titan John E . REBNY’S 120TH ANNUAL BANQUET HONOREES (L-R) Edward V. Piccinich, Executive Vice President of SL Green Realty Corp.; Daniel Brodsky, Senior Managing Partner of the Brodsky Organization; Darcy Stacom, Vice Chairman and Head of the Investment Properties group for CBRE’s New York office; Tara Stacom, Executive Vice Chairman of Cushman & Wakefield; Jeffrey E. Levine, Chairman of Douglaston Development, Levine Builders and Clinton Management; Bill Montana, Senior Managing Director of Savills Studley; and Steven H. Marvin, Executive Managing Director and Partner of Olmstead Properties, Inc. Photo: Jill Lotenberg Photography 4 | THE REAL ESTATE BOARD OF NEW YORK ANNUAL REPORT 2016 INTRODUCTIONAWARDS REBNY 120TH BANQUET (CONTINUED) Darcy Stacom (center), Vice Chairman and Head of the Investment Properties group Daniel Brodsky, Senior Managing for CBRE’s New York office, gives the acceptance speech for The Bernard H. Mendik Partner of the Brodsky Organization, Lifetime Leadership in Real Estate Award, presented to Darcy, Tara Stacom (left of received The Harry B. Helmsley Darcy), Executive Vice Chairman of Cushman & Wakefield, and the late Matthew Stacom, Distinguished New Yorker Award, former Vice Chairman of Cushman & Wakefield, for their exceptional accomplishments which is presented to an industry in the profession, leadership and service to the real estate industry over the course of member for invaluable contributions to their distinguished careers. This is the first time a family was presented with an award New York’s civic welfare and the real at REBNY’s Banquet. estate community. Bill Montana (center), Senior Managing Director of Savills Studley, Steven H. Marvin, Executive Managing Director and Partner accepting The Louis Smadbeck Broker Recognition Award, which of Olmstead Properties, Inc., who received the Young celebrates a commercial broker with exceptional personal and Real Estate Man of the Year Award, pictured with his wife professional integrity, leadership, prominence in the brokerage Samantha Delsener Marvin. community and service to REBNY’s committees. Photos: Jill Lotenberg Photography THE REAL ESTATE BOARD OF NEW YORK ANNUAL REPORT 2016 | 5 TABLEAWARDS OF CONTENTS REBNY 120TH BANQUET (CONTINUED) (L-R) REBNY Chairman Rob Speyer; REBNY President John Banks; and (L-R) Bruce Mosler, Chairman of Global Brokerage at Cushman Governor Andrew Cuomo & Wakefield; Mayor Bill de Blasio; and REBNY President John Banks (L-R) Jay Kriegel of Related Companies New York City Deputy Mayor Firefighter Frank Pizarro of the New York and Alan Wiener, group head of Wells Alicia Glen City Fire Department performs the national Fargo Multifamily Capital anthem (L-R) Leslie Himmel, Himmel + Meringoff Properties; New York State (L-R) Rev. Dr. Johnny Ray Youngblood, Executive Pastor and Senator Timothy Kennedy; and Jonathan Mechanic, Fried, Frank, Spiritual Advisor for the Mount Pisgah Baptist Church with Harris, Shriver & Jacobson LLP Sam NeJame, Shareholder, Greenberg Traurig LLP Photos: Jill Lotenberg Photography 6 | THE REAL ESTATE BOARD OF NEW YORK ANNUAL REPORT 2016 INTRODUCTIONAWARDS RESIDENTIAL BROKERAGE AWARD WINNERS New York City’s top professionals in held at Pier Sixty at Chelsea Piers on estate industry, and raised funds residential home sales and rentals October 27th . for REBNY’s “Member in Need were honored and serenaded by Fund”, which provides grants to superstar recording artist Gloria The prestigious event highlighted residential brokerage members who Gaynor at REBNY’s 28th Annual the achievements of the city’s most are experiencing a financial crisis or Residential Deal of the Year Charity & accomplished residential dealmakers hardship . Awards Gala, “A Night at the Disco”, and their contributions to the real WINNERS OF REBNY’S 28TH ANNUAL RESIDENTIAL DEAL OF THE YEAR AWARDS FOR 2015-2016 (Back row, L-R) Timothy Simmons, Brown Harris Stevens, co-broker for the Second Prize Residential Sales Award; Peter Michael Riolo, Brown Harris Stevens, winner of the Second Prize Residential Sales Award; Douglas Wagner, Bond New York, winner of The Eileen Spinola Award for Distinguished Service; Karen DeMeco, Compass, winner of the First Prize Residential Sales Award; and Mirza Avdovic, Keller Williams NYC, winner of The Most Promising Rookie Salesperson of the Year Award. (Front row, L-R) Neoly Lika Williams, Town Residential, winner of the Third Prize Residential Sales Award; Ruth McCoy, Brown Harris Stevens, winner of The Henry Forster Award for
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