CRE Developers, REBNY Under Fire for Political Contributions

NEW YORK CITY-Just as this year’s local political races kick into high gear, the campaign contribution practices of several real estate developers and one leading industry association are being called into question.

Three big industry firms and two smaller companies have been subpoenaed by the Moreland Commission to Investigate Public Corruption—a watchdog group created by Gov. Andrew Cuomo—for information about tax breaks they received in state legislation, according to the Wall Street Journal. At the same time, a new report from community organization Common Cause/NY has called into question several political campaign contribution practices of REBNY and a healthy handful of its member organizations.