Bubble Wrap

Big Real Estate Would Love Bloomberg Triplex

The Observer spoke with many in the real estate industry, who are all for Bloomberg seeking a third term, with praises from residential and commercial insiders.

First off, he’s been a very pro-business, pro-real estate mayor. The expansion of 421a development tax abatement exclusionary zones aside – (Robert Knakal, chairman of Massey Knakal and another mayoral fan, pointed out no one is perfect)- the powerful Real Estate Board of New York has long held Mayor Bloomberg in a favorable light.

And, given recent events on Wall Street, real estate types would prefer a businessman like themselves take care of New York City. (Far easier to trust a businessman, after all, than an activist or, even worse, a lifelong politician.)