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REBNY's outreach continues to expand
April 13, 2016
As The Real Estate Board of New York’s membership continues to grow, so too does our outreach and engagement within New York’s real estate community. The events we held in the past week illustrate the busy and exciting time it is for our membership and our city, and we look forward to continuing to serve our industry in as many different areas as possible.
To start the week off, we held one of our semi-annual Commercial “Crossfire” seminars, where industry experts participate in a panel discussions dedicated to giving our commercial members an in-depth perspective on how the market is performing and where current trends show it going in the future, directly from the people who know it best. The most recent discussion, titled “New York – Capital and Debt Markets; Where Are We Now?” included Aaron Appel of Jones Lang LaSalle, Kwasi Benneh of Morgan Stanley, Mike Hofheinz of Originations-MetLife, Dustin Stolly of Jones Lang LaSalle, Jacob Werner of Blackstone, and was moderated by Evan Pariser of HFF.
Then, on Wednesday, REBNY hosted MetaProp NYC, and a Real Estate Technology Expo. As technology becomes more advanced, it plays an ever-increasing role in how all kinds of businesses operate, and the real estate industry is no exception. In fact, in many ways our industry is on the front lines in terms of innovation, conservation, and efficiency. The expo, designed to educate our members on new developments in real estate technologies, consisted of presenters from businesses and organizations including Radiator Labs, Rudin Management, ThyssenKrupp, Panasonic MagicInk, Rentalutions, SiteCompli, and Clean Cube. New York City’s Economic Development Corporation, Senior Vice President Kate Daly, spoke about the city’s innovation efforts to kick off the day long program.
Not 24 hours later, REBNY officially launched an exciting new initiative made possible through the combined efforts of the Mayor’s Office of Sustainability, the Building Owners and Managers Association of New York, and the Urban Green Council. The Sustainability Boot Camp is a training program to teach building managers about the most effective methods to make buildings more efficient. This effort is part of the de Blasio administration’s broader initiative to reduce the City’s emissions by 80 % by the year 2050. The program has already been embraced by many of the largest commercial and residential owners and managers in New York, with participants hailing from firms such as ATCO Properties and Management, CBRE, Inc., Edward J. Minskoff Equities, Jones Lang LaSalle, Related Cushman & Wakefield, Related Companies, Rockefeller Group Development Corporation, Rudin Management, RXR Realty, and Vornado Realty Trust New York. New York City Council Environmental Protection Committee Chair Costas Constantinides was on hand to welcome attendees and offer words of encouragement for the efforts our industry is making to facilitate the City’s sustainability goals.
REBNY’s Brooklyn and Retail Committees also recently released their second Brooklyn Retail Report, which surveyed rents in several major retail corridors in the Third Quarter of 2015. The bi-annual report is a useful tool in garnering a more detailed understanding of Brooklyn’s retail landscape, and found that North Brooklyn’s average asking rents all saw small increases, with a slight decline on Grand Street, between Havemeyer Street and Kent Avenue. To view the full details of the Brooklyn Retail Report, visit rebny.com.
Sunday, April 17th, will mark the second half of REBNY’s Uptown Open House Expo. The first half took place in Harlem last Sunday, complete with a historian who offered his perspective on Alexander Hamilton’s old neighborhood. This Sunday, we’ll turn our attention to Washington Heights and Inwood with a meet-and-greet event at 10 a.m. at the Malcolm X & Dr. Betty Shabazz Memorial & Educational Center. The event is free open to the public, and will showcase a wide range of co-ops, condos, and townhouses. REBNY's Upper Manhattan Committee invites any and all interested parties to join in this fun and interactive venture, more information on which can be found at rebny.com or by contacting Jeanne Oliver-Taylor at JTaylor@rebny.com.
I am grateful to and proud of everyone who helped organize all of these exciting events. I would also like to invite every member of our industry get involved and participate in future events as we move forward into a busy spring of 2016.