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. 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 GlobeSt.com 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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!