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Real estate throws tons of cash at the Cuomo campaign, again


Gov. Andrew Cuomo raised $6 million for his 2018 election campaign in the last six months, and at least $1.27 million of that came from New York City area real estate interests, a review of state elections records show. The largest Cuomo donor in the real ...


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By Will Parker | January 17, 2018 07:00AM GovAndrew Cuomo (Credit: Pat Arnow) UPDATED Jan17, 9:13 a.m.: GovAndrew Cuomo raised $6 million for his 2018 election campaign in the last six months, and at least $1.24 million of that came from New York City area real estate interests, a review of state elections records show. The largest Cuomo donor in the real estate club was Toronto-based Brookfield Property Partners, which earlier this month wired three donations from LLCs totaling $150,000Two of the LLCs, which contained the word “Amtrak,” appear connected to its holdings at the Manhattan West development project, which was built over underground train tunnelsIn 2014, Brookfield scored $225 million in partially tax-exempt bond financing from the New York State Housing Finance Agency for the 844-unit Manhattan West rental tower called the EugeneThe luxury rental building contains 169 affordable unitsIn 2017, the company won a share of $360 million in renewable energy project awards from the state. Other major donors were longtime Cuomo supporters, such as Scott Rechler, whose RXR Realty chipped in $90,000Rechler’s wife, Deborah, also gave $5,000Westchester developer and Trump acolyte Louis Cappelli donated $70,000Developer Joseph Moinian and his wife Nazee together gave $50,000, as did Extell Development’s Gary Barnett and his wife Ayala. Barry Diller and Douglas Durst, who fought a proxy war over Diller’s $250 million fantasy island at Pier 55 before Cuomo interceded, gave $30,000 and $25,000, respectively. A number of prominent members of the Real Estate Board of New York gave $25,000, including Larry Silverstein and Daniel BrodskyBruce Mosler and Tyler Morse gave $10,000Members of the Rudin, Resnick and Tishman families were also major donors, as usual(REBNY’s political action committee separately gave $50,000.) Triangle Equities, the developer of Lighthouse Point on Staten Island, a project that once had its $16.5 million state subsidy delayed by the legislature, gave $50,000. State Street Title Agency also made the $50,000 club, as the title insurance industry could face sweeping new regulations that would change the way they collect fees and treat clients to nights on the town. The $1.3 million Cuomo’s campaign raised from city real estate interests was more than twice as much as the nearly $600,000 it received from the industry in the first half of 2017The campaign currently has $31 million to spend on this year’s election, state elections records showRepublicans have all but conceded the 2018 gubernatorial race after businessman Harry Wilson dropped out earlier this month. Though a third term would run until January of 2023, Cuomo is widely rumored to be considering a run for president in 2020. This story was updated to correct the precise donation amount of some donors. Tags: albany, Andrew Cuomo, Political Donations, Real Estate and Politics Short URL #mc_embed_signup .mc-field-group input { } #mc_embed_signup .mc-field-group{ min-height:0px; } #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file*/ Subscribe to our e-Lerts New York Real Estate News Daily Updates Weekly Roundup South Florida Real Estate News Daily Updates Weekly Roundup Los Angeles Real Estate News Daily Updates Weekly Roundup China Watch Coming soon! Weekly Roundup

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