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.
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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.