So They Say: Steven Spinola Talks Unethical Brokers, Taxes and Apartment Shortage

John Banks, the president-elect of the Real Estate Board of New York, has big shoes to fill when he begins his term on March 2. His predecessor, Steven Spinola, 65, will be retiring from his position at the end of 2015, marking 30 successful years in office.

Mr. Spinola began his term during Ed Koch’s mayoral administration, though he worked with many mayors, and saw New York City transform through the years, as crime plummeted and international interest in Gotham grew. From the rebirth of Times Square, to the outer boroughs becoming more family-oriented than ever before, Mr. Spinola is often credited with guiding REBNY through its most difficult times.

Mortgage Observer looks back at some memorable quotes from Mr. Spinola’s tenure.

“This is not a Wall Street town. This is a real estate town. We are the vehicle for providing the money for the services that the city needs.”

—Interview with Commercial Observer (January 2015)

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