BrokerageIndustry News

New York real estate group has power and numbers

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On the day that followed the devastating terrorist attacks of Sept. 11, 2001, New York Mayor Rudolph Giuliani sought input from a powerful group of real estate professionals. The Real Estate Board of New York, formed 108 years ago by a group of commercial brokers, has played a major role in the development of New York City. The group's membership has expanded over time to include residential property owners and builders, brokers and managers, banks, financial services companies, utilities, lawyers, architects, contractors and other professionals and companies that are interested in Manhattan real estate. "The mayor doesn't call just any association on the day after 9-11 to say, 'We need your input,'" said Steven Spinola, president of the Real Estate Board, also known as REBNY. "We're probably the most unique (real estate group) in the country. There's nothing else like us. I think what gives us greater clout in speaking up for our members is the fact we've got builders, owners, financ...