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Industry Puts Its Money on Cuomo in Governor’s Race

Gov. Andrew Cuomo and the commercial real estate sector haven’t always seen eye to eye. But one thing’s certain: the industry is betting on Cuomo to win the governor’s race next month.

Crain’s New York Business reported that the Real Estate Board of New York gave the governor’s re-election bid $15,000 from its political action committee in the most recent filing period, the first donation it has made to the incumbent this year. The contribution made REBNY Cuomo’s largest donor from the five boroughs during the period.

Mark Beida, president of affordable-housing firm Marathon Development, donated $5,000 to the governor, Crain’s reported. Mack-Cali and CBRE’s Jeffrey Dunne contributed $5,000 apiece, as did SL Green founder Stephen Green.

The contributions have come in even as Cuomo has taken positions at odds with the industry, such as blocking renewal of the 421-a tax abatement until it included new pro-labor carve-outs.

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
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