{"id":85007,"date":"2025-07-23T04:30:10","date_gmt":"2025-07-23T04:30:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/85007\/"},"modified":"2025-07-23T04:30:10","modified_gmt":"2025-07-23T04:30:10","slug":"mayor-adams-rakes-in-cash-from-real-estate","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/85007\/","title":{"rendered":"Mayor Adams rakes in cash from real estate"},"content":{"rendered":"<p>Mayor Eric Adams may be the new favorite candidate of the city\u2019s business and real estate community.<\/p>\n<p>Interviews with its members show many are opting to back Adams in the general election over Andrew Cuomo, some telling NY1 Cuomo had his chance.<\/p>\n<p>\u201cAnd now I\u2019m off life support and I\u2019m running around doing what I need to do. We did a fundraiser last week, and one event raised $1 million,\u201d Adams said at a fundraiser in Florida earlier this month hosted by Trump-backing influencers.<\/p>\n<p><b>What You Need To Know<\/b><\/p>\n<ul>\n<li>The mayor raised more than $1.5 million in his latest fundraising filing\u00a0<\/li>\n<p><\/p>\n<li>The business and real estate community are leaning towards supporting Adams over Cuomo<\/li>\n<p><\/p>\n<li>Adams has not recieved matching funds from the city\u00a0<\/li>\n<\/ul>\n<p>A review of Adams\u2019 latest campaign finance report, filed last week, shows he was able to rake in more than $1.5 million from employees of major players in the business and real estate industry \u2014 some of whom had given to Cuomo just months before.<\/p>\n<p>Almost $70,000 was contributed by employees of the real estate company SL Green, which is vying to build a casino in Times Square. Marc Holliday, the company\u2019s chairman and CEO, hosted a fundraiser for the mayor earlier this month and spoke highly of him on the company\u2019s earnings call last week.<\/p>\n<p>\u201cWe\u2019ve been pretty clear in what we look for in a mayor in terms of pro-business and active in social causes and affordability, and we think Mayor Adams has achieved that,\u201d Holliday said.<\/p>\n<p>Empower NYC, a super PAC formed earlier this year to boost the mayor\u2019s prospects, raised $425,000, according to the latest fundraising figures, and its CEO, Abe George, says deep-pocketed donors are tired of Cuomo.<\/p>\n<p>\u201cPost-primary, our phone didn\u2019t stop ringing,\u201d George said. \u201cAnd I think what I got a sense of from talking to the real estate and business community, is that we invested $24 million plus into another campaign that didn\u2019t seem to go anywhere and there is a tiredness of trying to reinvest into something that they\u2019re not sure if it\u2019s going to come into fruition.\u201d<\/p>\n<p>The largest donation came from the head of Extell Development, who gave $250,000.<\/p>\n<p>Still, not every Cuomo backer is ready to pick a side.<\/p>\n<p>\u201cWe are observing the field as anyone who is interested in politics is, and right now, I think a five person field is quite crowded,\u201d Kenny Burgos of the New York Apartment Association said.<\/p>\n<p>His group of rent-stabilized landlords bankrolled an independent expenditure campaign for Cuomo in the primary. For now, they\u2019re on the sidelines.<\/p>\n<p>\u201cI think it\u2019s way too early to say sitting it out,\u201d he added. \u201cI think you and I both agree that three months in politics is like three years.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Mayor Eric Adams may be the new favorite candidate of the city\u2019s business and real estate community. Interviews&hellip;\n","protected":false},"author":3,"featured_media":85008,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[13564,5229,13565,13567,7448,37851,9643,405,403,50,5226,5225,5228,5227,80,52,67,586,132,5230,68,2969,5284],"class_list":{"0":"post-85007","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-2025-nyc-mayors-race","9":"tag-america","10":"tag-app-local-state-politics","11":"tag-app-local-elections","12":"tag-app-top-stories","13":"tag-courtney-gross","14":"tag-decision-2025","15":"tag-new-york","16":"tag-new-york-city","17":"tag-news","18":"tag-newyork","19":"tag-newyorkcity","20":"tag-ny","21":"tag-nyc","22":"tag-politics","23":"tag-top-stories","24":"tag-united-states","25":"tag-united-states-of-america","26":"tag-unitedstates","27":"tag-unitedstatesofamerica","28":"tag-us","29":"tag-usa","30":"tag-vod"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114900672431192128","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/85007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=85007"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/85007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/85008"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=85007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=85007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=85007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}