NEW YORK CITY—Real estate's finest, along with city and state dignitaries—including Governor Andrew Cuomo and Mayor Bill de Blasio—showed up in force Thursday night at the Real Estate Board of New York's 120th Annual Banquet held at the New York Hilton.
The evening honored the legacy of the late industry titan John Zuccotti, a former REBNY chairman, and the contributions and accomplishments of Matthew, Tara, and Darcy Stacom—who became the first family to receive the Bernard H. Mendik Lifetime Leadership in Real Estate Award—as well as those of Daniel Brodsky, Jeffrey E. Levine, Bill Montana, Edward V. Piccinich, and Steven H. Marvin.
"REBNY's annual celebration is always the biggest night of the year for the real estate industry, and this year was certainly no exception," said Rob Speyer, president and CEO of Tishman Speyer and REBNY Chairman. "We were thrilled to be joined by more than 2,000 of our members, as well as top government and business leaders from across the city and state, in celebrating the best and brightest of New York's real estate community."
REBNY's annual video presentation focused on the city's need for new commercial office, industrial and life sciences space. It featured findings from a recent study commissioned by the NYC Economic Development Corp., which projected that based on projected job growth over the next 10 years, the city will need up to 60 million additional square feet of office space to keep up with demand.
"While there will be challenges and obstacles to this growth initiative, commercial vacancy rates are well below the national average, and there is strong demand for new office product throughout New York City," said REBNY president John Banks.
Focal points of the evening included the REBNY Foundation cocktail party—hosted by the REBNY Board of Governors—which brought together hundreds of guests to raise funds for industry-wide charitable activities and projects and REBNY's Members In Need Fund, and the REBNY banquet dinner.
In addition to the Stacom family, the following honorees were recognized: Daniel Brodsky, senior managing partner, The Brodsky Organization, received the Harry B. Helmsley Distinguished New Yorker award; Jeffrey Levine, chairman of Douglaston Development, Levine Builders and Clinton Management, received the Kenneth R. Gerrety Humanitarian award, which recognizes a REBNY member's meritorious service to the community.
Bill Montana, senior managing director, Savills Studley, received the Louis Smadbeck Broker Recognition award; Edward Piccinich, EVP, SL Green Realty Corp., received the George M. Brooker management executive of the year award and Steven Marvin, executive managing director and partner of Olmstead Properties, received the Young Real Estate Man of the Year award.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
