X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-The clock is ticking on talks between the Realty Advisory Board and the SEIU Local 32BJ, and while a union spokesman tells GlobeSt.com that there has been “some movement on wages,” he seems not to hold out much hope that a strike will be averted.”At least there is discussion,” he says.

Talks had not yet commenced today when the interview took place, and the spokesman said that he would have a better idea about the direction–and fruitfulness–of the talks later today. In the meantime, he confessed that he was “not optimistic.”

Primary sticking points in the ongoing negotiations with the RAB are salary, the maintenance of various health-care programs and the need for more security training.

In a previous statement, union president Mike Fishman noted that, “The residential real estate industry is holding up well despite New York City’s shaky economy. Property-value increases far surpass inflation.

The original strike deadline was this past Sunday, April 20, but union officials postponed the date to avoid the Easter and Passover holidays. It’s estimated that some one million apartment dwellers will be affected if the union walks.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.