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national   /   November 8, 2019

Paul Bubny
By: Paul Bubny

REBNY, Construction Unions Ink Cooperation Pact

New York City’s construction unions and the Real Estate Board of New York (REBNY) have agreed on a framework to promote economically viable growth and development while boosting private-sector opportunities for union workers. The Building and Construction Trades Council of Greater New York (BCTC) and REBNY have joined together to create a Joint Industry Advancement Committee to pursue these aims.

“This milestone framework gives both labor and owners new opportunities to build upon our successes, to find new ways to cooperate, to minimize contention and misunderstanding, and to fortify New York City’s status as a global capital,” said REBNY president Jim Whelan.

REBNY and BCTC have formed two subcommittees: a development subcommittee that will focus on policies that impact overall development, employment, standards of living, and diversity, and a legislative group subcommittee to harmonize “political and legislative objectives in the mutual interest of BCTC and REBNY,” according to the agreement.

Pictured: Topping out construction at 30 Hudson Yards, July 2018.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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