Despite falling poll numbers and critical news coverage, Mayor Eric Adams clearly has the continued monetary support of two influential spheres of influence: real estate leaders and the donor class from New York City and beyond.
Mr. Adams has raised $1.3 million since January for his 2025 re-election effort in the latest reporting period, drawing maximum $2,100 donations from real estate magnates like Marc Holliday, the chief executive of SL Green, the city’s largest commercial landlord, and its founder, Steve Green; and Alexander and Helena Durst, members of The Durst Organization real estate dynasty, according to new filings with the city’s Campaign Finance Board.
About $550,000 came from donors outside New York City who live in the suburbs, Florida and other states — a continuation of a pattern displayed early in his tenure, when he held fund-raisers in Beverly Hills and Chicago in his first months in office.
As mayor, Mr. Adams has often taken positions that benefit the real estate industry, including being supportive of rent increases and criticizing state lawmakers for failing to replace a tax-incentive program for developers known as 421a.
Persons:
Eric Adams, Adams, Marc Holliday, Steve Green, Alexander, Helena Durst
Organizations:
SL Green, Organization, city’s Campaign
Locations:
New York City, Florida, Beverly Hills, Chicago