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Real Estate Bisnow
The largest commercial real estate publication in the United States.
January 17, 2012 
Monday (Cab) LTile

Get those shiny baubles and tuxedos ready—REBNY is expecting over 2,000 real estate pros at its 116th annual banquet at the Hilton this Thursday and you don’t want to miss it (we sure won’t).
REBNY President Steven Spinola
President Steven Spinola tells us plenty of top industry names are attending, and Christine Quinn, Mayor Mike, Chuck Schumer, and other gov officials have RSVP'd. It won’t be just a night to talk about available space or potential sales, he says. A hot topic among members: the level and fairness of taxation in NYC—real estate is the largest block of revenue ($17B annually to City services) and two-thirds of that come from income-producing commercial and residential properties, even though one- to three-family homes and Park Avenue co-ops pay a small fraction of their value in real estate taxes. And how will the City and State balance budgets and put limits on pensions over the next decade?
REBNY Banquet
But it’s not only about making deals: being honored at the banquet are The Durst Org’s Douglas Durst (The Bernard H. Mendik Lifetime Leadership in Real Estate Award), Rubenstein Associates’ Howard Rubenstein (The Harry B. Helmsley Distinguished New Yorker Award); Ackman-Ziff’s Simon Ziff (The Louis Smadbeck Broker Recognition Award), RFR Realty’s Gerard Schumm (The George M. Brooker Management Executive of the Year Award), The Corcoran Group’s Pamela Liebman (The Kenneth R. Gerrety Humanitarian Award), and Cushman & Wakefield’s David Green (The Young Real Estate Man of the Year Award). Don’t miss out: you can still buy your tickets here.

NJ State of the Market
Here’s your last chance: join us tomorrow morning at the Newark Club for Bisnow’s Northern New Jersey State of the Market event, touching on the hottest topics in Jersey City, Hoboken, Newark, and more. We’ve assembled some of the top names in NJ commercial real estate, including Onyx Equities co-founder Jonathan Schultz, Matrix Development Group CEO Joseph Taylor, Roseland Property Co partner Carl Goldberg, Russo Development prez Ed Russo, Heller Industrial Parks prez Jeff Milanaik, Marcus & Millichap regional manager Michael Fasano, and Cole Schotz member Christopher Caslin. Great schmoozing, too! Only a short walk from Newark Penn Station—register here.

Michael Fletcher, Jennifer Carey, and Theresa Nygard at Celsius at Bryant Park on Jan. 12, 2012

Pop-up restaurant Celsius offers not only a toasty place to watch the cold-yet-fun-loving souls at Bryant Park's ice rink but also a great spot for some post-holiday networking. We joined MBA, AREW, and Appraisal Institute and respective presidents Michael Fletcher of JPMorgan Chase, Jennifer Carey of JLC Environmental Consultants, and Theresa Nygard of KTR Real Estate Advisors for their shindig last week. Jennifer says her firm is working on two green energy research projects: a biomass fuel cell and a smart grid. Theresa tells us she also ran into Bob Pollack (now an attorney at Marcus and Pollack), who hired her for her first job at Ralph Marx Real Estate. (Last time someone ran into us, we dropped our camera and stenopad, so we hope Bob stayed upright.)

Michelle Medaglia, Robin Fisher, Laini Marie Rey, Linda Alexander, and Jane Lyons at Celsius at Bryant Park on Jan. 12, 2012
We also snapped ACC Construction CEO Michelle Medaglia, Newmark Knight Frank's Robin Fisher, JLL's Laini Marie Rey, Alexander Marketing's Linda Alexander, and Rhodes Associates partner Jane Lyons. Robin tells us she recently repped Links of London in a full-floor lease at 359 Lex and Bridgewater Advisors in a full floor at Rockefeller Center, a deal that included a sublease of Bridgewater's space at 489 Fifth Ave to The Valence Group. Laini, a project manager, worked on all three Manhattan Uniqlos (that was "a heck of a week" when the 34th Street and Fifth Avenue ones opened). Lately, she says, her work has been taking her to Latin America quite a bit.
Julie Geffke, Howard Leitner, Sharon Locatell, and Michele Boddewyn at Celsius at Bryant Park on Jan. 12, 2012

Alan Gaynor + Co prez Michele Boddewyn, colleague Julie Geffke, Leitner Group's Joel Leitner, and Brown Harris Stevens' Sharon Locatell). Michele tells us her clients are cautiously optimistic this year will be better than last. We'd say with the Giants' post-season wins, we're off to a good start. Want us to snap your event? Guide us to the red wine and beef satay.

Martin Luther King Jr

Like many of you, we took yesterday to acknowledge the service of Dr. Martin Luther King Jr. We admire his courage and continuing impact on American cities. This picture is from 1964, and if 95% of the Bisnow staff had been alive then, we'd certainly have been there to take it. But from what we can glean, it looks like Dr. King's response to someone asking, "How big an impact will transit-oriented development have on city centers in the year 2012?" Whether he's saying "a lot" or "why are you asking me this," it's an appropriate response.

Who would win in a boxing match: Madonna or Elton John? Send your predictions and story ideas to amanda@bisnow.com and amanda.metcalf@bisnow.com. [Editor's vote: obviously Madonna.]
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