LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
The Building Owners and Managers Association of Westchester (BOMA) has announced that the City of Yonkers and Iona University will be the honorees at BOMA’s 31st Annual Hall of Honor Awards Dinner to be held on Thursday, May 11 at Abigail Kirsch at Tappan Hill in Tarrytown. The honorees will be recognized for their many contributions to Westchester’s economy.
As Westchester’s largest city and the third largest in New York State, the City of Yonkers has experienced a decade of spectacular economic growth that is unprecedented in its long history. Under the leadership of Mayor Mike Spano, Yonkers has emerged as one of the most dynamic urban centers in the Tri-state Region, attracting major real estate developers such as Extell, Avalon, RXR and AMS whose luxury multifamily buildings dot the city’s vibrant waterfront. In the past 10 years, Yonkers has attracted nearly $5 billion in private investment, creating nearly 12,500 units of new and improved housing of which nearly 22% have been affordable.
Yonkers has also become an exciting hub for TV and motion picture production with the opening of the new 500,000-square-foot Lionsgate Studio complex, the largest TV and film production center on the East Coast. In addition to tremendous economic growth, Yonkers has made significant gains in public education, retailing, affordable housing, sustainability and the arts.
Founded in 1940, Iona University is a master’s-granting private, Catholic, coeducational institution of learning in the tradition of the Edmund Rice Christian Brothers. Iona’s 45-acre New Rochelle campus and 28-acre Bronxville campus are just 20 miles north of Midtown Manhattan. With a total enrollment of nearly 4,000 students and an alumni base of more than 50,000 around the world, Iona is a diverse community of learners and scholars dedicated to academic excellence and the values of justice, peace and service. Iona is highly accredited, offering undergraduate degrees in liberal arts, science, and business administration, as well as Master of Arts, Master of Science and Master of Business Administration degrees and numerous advanced certificate programs. In July 2021, Iona University and NewYork-Presbyterian announced the establishment of the NewYork-Presbyterian Iona School of Health Sciences, which is principally located on the university’s new campus in Bronxville. Supported by a $20-million gift from NewYork-Presbyterian, the NewYork-Presbyterian Iona School of Health Sciences offers a new vision for collaborative health care education, modern workforce development, and community care. On July 1, 2022, Iona officially changed its status from College to University, reflecting the growth of its academic programs and the prestige of an Iona education.
The dinner will also feature the winners of the Best of BOMA Westchester County Signature Awards and the Unsung Hero Award.
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