Do you remember that managers of real estate andrew Cuomo dropped and supported Eric Adams’s re -election?
That seems a long time ago, and I hear from some in the industry that we should not expect the level of expenditure that we saw in the run -up to the primary – on both candidates. One source noted that industry insiders were shocked by the loss of Cuomo in the primary and responded by throwing their support behind Adams. Some can now take a step back, the source said.
This week I asked the readers of this newsletter – in particular those who had decided to support Adams – if they had changed ideas considering the mayor in the polls and the extra accusations of corruption against those in his inner circle.
I heard from two people who feel the fate of the mayor in the elections firm, should not be influenced by the accusations against his former Tophulp and his former real estate chef. Neither the Potato chip incident With former assistant Winnie Greco. They also continued to support the mayor even after he was personally charged (charges that were rejected this year).
“I stay with the re -election of Mayor Adams because I think he did pretty well, given that he had so little support from the city council and had an impossible task to repair all the mistakes made by [Bill] The disastrous mayor of the Blasio, “said lawyer Stuart Saft in an e -mail.
For his part, the mayor was challenging at a press conference on Friday and noted that some reporters had asked his staff if he would announce his exit from the race. He said he could not leave the city to the other candidates in the race.
“We got too far to go back,” said Adams. “That is not going to happen.”
Others in the industry seem to look and wait. For example, RXR’s Scott Rechler, who indicated last month that he was open to supporting Adams, did not formally decide who to support, according to a representative. He previously donated $ 250,000 to repair the city, a super PAC bound to Cuomo.
Today was the deadline for mayor campaigns to report their donation between July 12 and August 18. From the start of Friday evening, the archives for most campaigns were not on the website of the Campaign Finance Board.
I could start sorting the Mamdani files. He reported to include more than $ 1 million during this period. The archives indicate that around $ 19,700 came from real estate -related donors (including those who identified as working in real estate, development, broker, real estate management, construction and architecture). That included a contribution of $ 2,100 from Obaid Khan, Chief Financial Officer at Tishman Realty.
I expect to see donations that are held for Adams last month (the results of a SLEN Fundraiser did not seem to be in the last set of the registrations). The race is fluent and the donations made in July seem somewhat old, perhaps not reflecting where the industry is in the race today.
That will of course not stop us from writing about which real estate director has donated to each of the campaigns, so keep an eye on that.
What we think about: More mayor candidates must want to sit down and want to talk to nerds. In particular this nerd here – me. With this in mind I ask you: Will Zohran Mamdani’s press people ever respond to me? Send help to kathryn@thereealdeal.com.
Something we learned: In 2010, Houston, Texas, forbidden A number of attentive items that are typical external car dealers to gigantic inflatable gorilla tied to a roof or that brightly colored “Buismans” in the wind thrashen. The changes were made about concern about road safety, per next city.
Elsewhere in New York …
The family of Julia Hyman, the 27-year-old Rudin employee who was killed last month during the mass shooting in Midtown, hired a lawyer to investigate her death, according to the New York Post. A source told the newspaper that the lifts should have been closed as soon as the shooter came in with a semi-automatic gun, which may not pass the lobby. The family also investigates whether Rudin has provided sufficient security in view of the controversial tenants of the building.
-The city has issued a permit for self -driving taxi company Waymo for a pilot program, Gothamist Reports. The permit enables the company to test eight self -driving cars in city streets, provided that a driver is present and there are no passengers on board. – Quinn Waller
Closing time
Residential: The best residential deal was registered on Friday $ 13.3 million For a condominium unit in 443 Greenwich Street. Tribeca’s Condo is 3,000 square feet and is last sold on the market for $ 8 million in 2018. Douglas Elliman Has the list.
Commercial: The best commercial deal was $ 28.9 million on 229 West 43rd Street. The New York Times Building retail space that was previously owned by the Kushner family sold with a steep discount of $ 114 per square foot.
New on the market: The highest price for a home that hit the market was $ 10.5 million for an apartment at 127 East 64th Street. The Lenox Hill apartment is 4,000 square feet and is mentioned by Compass’ Trade residential team.
– Joseph JUNGERMANN
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