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Yearly Archives: 2008

Empire State begins typical seasonal slowdown in September

Albany, NY - October 30, 2008 - (RealEstateRama) —  Existing single-family home sales in New York finished September 2008 only 4-percent below September 2007, while the median...

Specialized event assists the borough hit hardest by foreclosure

New York, NY - October 29, 2008 - (RealEstateRama) — In an effort to help residents of Queens remain in their homes and prevent...

SL Green Locks In 170,000sf of Midtown Manhattan Leases

New York, NY - October 28 2008 - (RealEstateRama) —  SL Green Realty Corp. (NYSE: SLG) today announced four lease transactions totaling over 170,000 square...

DEFENDANT INDICTED IN $20 MILLION MORTGAGE FRAUD SCHEME

BROOKLYN, N.Y. - October 27, 2008 - (RealEstateRama) — An indictment was unsealed this afternoon in Brooklyn federal court charging Osmond Decoteau, 48, with wire fraud...

Clinton Reiterates Call for Coordinated Federal Efforts to Stop Next Foreclosure Crisis

Foreclosures Have Skyrocketed Over 70 Percent Since Last Year; Pose Grave Risks to Housing Values and Economy WASHINGTON, DC - October 25, 2008 - (RealEstateRama) —...

MORTGAGE BROKER PLEADS GUILTY IN MULTIMILLION DOLLAR MORTGAGE FRAUD SCHEME

New York, NY - October 23, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York,...

Arbor Realty Trust Schedules Third Quarter 2008 Earnings Date

 UNIONDALE, N.Y., Oct. 24 /PRNewswire-FirstCall/ -- Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust focused on the business of investing in...

COMPTROLLER THOMPSON LAUNCHES CITYWIDE INITIATIVE TO BATTLE FORECLOSURE

New York, NY - October 25, 2008 - (RealEstateRama) — In an effort to help New Yorkers remain in their homes and prevent foreclosure,...

New York City Announces Development Teams to Build Affordable Housing on NYCHA Properties in...

Over 1,000 units will target low- and moderate-income New Yorkers in four separate sites. NYCHA will receive an estimated $29 million in revenue to...

State DHCR Issues Housing Needs Study for Mid-Hudson Region

Albany, NY - October 25, 2008 - (RealEstateRama) —  The State Division of Housing and Community Renewal (DHCR) has released a report on the...

Fifth Avenue Committee Breaks Ground on Affordable Supportive Housing Development in Park Slope

New York, NY - October 23, 2008 - (RealEstateRama) —  Fifth Avenue Committee (FAC) was joined by the City’s Department of Housing Preservation &...

NYC Economic Development Corporation Reaches Negotiated Property Acquisitions and a Relocation Agreement With Willets...

New York City, October 18, 2008 - (RealEstateRama) —  New York City Economic Development Corporation (NYCEDC) today announced that it has signed two property acquisition...

NYS Housing Finance Agency Approves $6.4 Million in Financing for a 62-Unit Senior Apartment...

NEW YORK, NY - October 15, 2008—The board of the New York State Housing Finance Agency (HFA) today approved $6.4 million in financing for the...

Radar Logic Launches Manhattan Neighborhood Home Price Indices

NEW YORK, NY - October 14, 2008 - (RealEstateRama) — Today Radar Logic began publishing daily residential price indices for eight Manhattan neighborhoods. RPX...

Senator Clinton Announces Nearly $4 Million In Funding For Lead-Safe Housing In Rochester

WASHINGTON, DC - October 16, 2008 - (RealEstateRama) — Senator Hillary Rodham Clinton today welcomed an announcement by the U.S. Department of Housing and...

Senator Clinton Joins Housing Advocates to Renew Call to Help Homeowners Hit Hard by...

NEW YORK, NY - October 6, 2008 - (RealEstateRama) — Senator Hillary Rodham Clinton was joined at a press conference today by economic development...

Report: Average NYC Home Sale Prices Up Slightly in Third Quarter Over Last Year

NEW YORK, NY - October 7, 2008 - (RealEstateRama) — The average sale price of a home in New York City was $783,000 in the...

Adveq Management and Morgan Creek Capital Management Commit to 10,600 Square Feet of Build-To-Suit...

New York, NY - October 7, 2008 - (RealEstateRama) — SL Green Realty Corp. is pleased to announce that two new tenants have signed...

THREE PLEAD GUILTY IN MULTIMILLION DOLLAR MORTGAGE FRAUD SCHEME

New York, NY - October 11, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York,...

New York State Board of Real Estate Appraisal to Meet

ALBANY, NY - October 8, 2008 - (RealEstateRama) — A meeting of the New York State Board of Real Estate Appraisal will be held on...

LEADER OF FORECLOSURE RESCUE SCHEME SENTENCED TO 10 YEARS IN PRISON

New York, NY - October 6, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York,...

2008/2009 “HEAT SEASON” BEGINS: HPD ENFORCES LAWS REQUIRING BUILDING OWNERS TO PROVIDE HEAT

New York, NY - October 2, 2008 - (RealEstateRama) — New York City Department of Housing Preservation and Development (HPD) Commissioner Shaun Donovan today...

New Senior Housing and Supportive Housing Opens in Ithaca

Ithaca, NY - October 4, 2008 - (RealEstateRama) — Commissioner VanAmerongen joined state and local officials in Ithaca to celebrate the opening of an...

58 Low Income And Formerly Homeless Families Find A Home At Banana Kelly Place

CPC Resources and Banana Kelly Community Improvement Association Transform an Abandoned Property Into Affordable Housing Units New York, NY - October 2, 2008 -...

CITY ANNOUNCES NEW MIXED-USE DEVELOPMENT IN THE MELROSE COMMONS URBAN RENEWAL AREA

 Residential and Commercial Development to Include Affordable Housing and an Administration of Children’s Service Childcare Facility October 4, 2008 - (RealEstateRama) — On Friday, September...