Mayor-elect Zohran Mamdani named 24 folks to his transition committee on housing. Listed below are the true property individuals who made the lower.
Mamdani began the week by naming greater than 400 folks to 17 completely different committees. The housing-related group consists of nonprofit housing organizations, union reps, Yimby teams, spiritual leaders, tenant teams, personal actual property builders and multifamily lenders.
These representing the personal facet embody:
- Actual Property Board of New York Chair and Two Bushes Administration CEO Jed Walentas
- L+M CEO Lisa Gomez
- M Squared COO Carolee Fink
- Retailers Capital vice chair Matt Wambua
- New York State Affiliation for Inexpensive Housing President and CEO Carlina Rivera (a nonprofit that represents inexpensive housing builders)
The representatives from the personal sector are largely inexpensive housing builders, although clearly REBNY represents varied sectors within the trade. The committee doesn’t embody leaders from the owner teams that largely signify rent-stabilized house owners, however it does embody Rafael Cestero, CEO of the Neighborhood Preservation Company, who has been sounding the alarm about mounting distress within the metropolis’s stabilized housing inventory.
Some members of the committee are additionally veterans of the de Blasio and Bloomberg administrations. Gomez was a senior vice chairman on the metropolis’s Housing Improvement Company underneath Bloomberg.
Fink was chief of employees to Deputy Mayor Alicia Glen through the de Blasio administration. Earlier than that, she was government vice chairman and chief improvement officer of the town’s Financial Improvement Company. She additionally was a senior advisor to Deputy Mayor Robert Metal underneath Bloomberg.
Wambua headed the Division of Housing Preservation and Improvement underneath former Mayor Michael Bloomberg. Earlier than that, he was government vice chairman of the New York Metropolis Housing Improvement Company and had served as a senior coverage advisor for Dan Doctoroff, deputy mayor for financial improvement.
(If the identify Retailers rings a bell: My colleague wrote about Retailers’ guardian firm, Merchant Bank, which lent to numerous individuals who have been charged as a part of a federal mortgage fraud probe. Through the second quarter, the financial institution recorded write-downs for 14 clients totaling $46.1 million within the second quarter this 12 months, citing fraud.)
The Partnership for New York’s Kathy Wylde was named to a separate committee centered on financial and workforce improvement.
On the tenant facet, the committee consists of New York State Tenant Bloc’s Cea Weaver, CAAAV’s Alina Shen, Authorized Help Society’s Adriene Holder, New York Communities for Change’s Olivia Leirer and Neighborhood Service Society’s Iziah Thompson.
Professional-housing coverage reps embody Open New York’s Annemarie Grey, Regional Plan Affiliation’s Moses Gates and Paul Williams, government director of the assume tank Middle for Public Enterprise.
One thing else that’s more likely to be a magnet for the trade: At the very least 5 representatives from the Democratic Socialists of America have been named to varied committees.
What we’re fascinated about: What points do you assume must be on the high of the agenda for the housing-focused transition committee? Ship a observe to kathryn@therealdeal.com.
A factor we’ve realized: Tuesday marks a largely forgotten November celebration generally known as “Evacuation Day,” which marked the day that British troops left Manhattan after the Revolutionary Struggle in 1783.
Elsewhere in New York…
— A federal decide on Monday dismissed mortgage fraud costs towards state Lawyer Common Tish James. Choose Cameron McGowan Currie wrote in an order that Lindsey Halligan, the performing federal prosecutor for the Japanese District of Virginia who charged James, was improperly appointed and had “no lawful authority to current the indictment.”
— ICYMI, the New York Metropolis chapter of the Democratic Socialists of America voted towards endorsing Council member Chi Ossé in his potential main problem to Home Minority Chief Hakeem Jeffries, City & State reports. By a web based survey, 626 members voted towards the endorsement, 555 voted in favor and 24 abstained. After the outcomes of the vote have been launched, Ossé posted on X: “NYC DSA FOREVER ❤️ IM NOT GOING ANYWHERE.”
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Residential: The highest residential deal recorded Monday was $6.3 million for a pre-war co-op at 830 Park Avenue on the Higher East Aspect. Cathy Franklin, Alexis Bodenheimer, and Shannon Suydam with Corcoran had the listing.
Industrial: The highest business deal recorded was $80.8 million for the 87,620-square-foot, 12-story workplace constructing at 322-326 Seventh Avenue in Chelsea. GDS Improvement Administration accomplished the venture in 2022 and was offered to Capstone Equities.
New to the Market: The very best value for a residential property hitting the market was $8.5 million for a 2,723-square-foot condominium unit at 23 East twenty second Avenue within the Flatiron District. The Riback Crew at Corcoran has the itemizing.
— Matthew Elo
