The Daily Dirt: How RE is spending its money in the mayoral race

"More than half of the funds he received from industry folks were donated the day of and after Adams announced he would not seek reelection. Here are the totals (including campaign refunds this reporting period) from Aug. 19 to Sept. 29: Andrew Cuomo: $895,000 From real estate: $77,700 Zohran Mamdani: $410,000 From real estate: $2,500 Curtis Sliwa: $423,700 From real estate: $11,750"

"Notably, Toll Brothers President David Von Spreckelsen gave $2,500 to OneNYC, a PAC backing Mamdani, just a few days before Adams abandoned his campaign. Within the industry, affordable housing developers appeared to be the first to publicly warm up to the idea of a Mamdani administration. Real estate trade group leaders have also said they expect to work closely with Mamdani if he becomes mayor."

"The Solomon Organization, a New Jersey-based development firm, gave $35,000 to New Yorkers for a Better Future Mayor 25, an anti-Mamdani PAC, in September. Abro Management's Richard Scharf contributed $25,000 to the PAC in August, but the amount wasn't reported until last month. An LLC tied to Berndt Perl, co-founder of APF Properties, gave the PAC $2,500 in August, which was reported this month."

Andrew Cuomo received $895,000 between Aug. 19 and Sept. 29, including $77,700 from real estate. More than half of his industry donations arrived the day of and after Eric Adams announced he would not seek reelection. Zohran Mamdani raised $410,000 with $2,500 from real estate. Curtis Sliwa raised $423,700 with $11,750 from real estate. Political action committees continued to pull tens to hundreds of thousands of dollars. Toll Brothers President David Von Spreckelsen gave $2,500 to OneNYC days before Adams abandoned his campaign. Affordable housing developers showed early openness to a Mamdani administration. Real estate trade group leaders expect to work closely with Mamdani if elected. Several development firms and wealthy individuals gave large sums to both pro- and anti-Mamdani PACs.

Read at therealdeal.com