Yearly Archives: 2009

New York, NY - April 10, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG), owner of New York City's largest commercial office property portfolio, has launched an energy savings initiative designed to significantly decrease utility demand and create additional cost savings on usage.

NEW YORK, NY - April 7, 2009 - (RealEstateRama) — Apr. 7, 2009: The average sales price of a home in New York City (which includes cooperatives, condominiums and one-to-three-family dwellings) declined 23 percent to $660,000 in the first quarter of 2009 compared to the same time last year, according to a report released today by ResidentialNYC.com, the real estate listings web site of The Real Estate Board of New York (REBNY).

New York, NY - April 7, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today that it has arranged a 40,759-square-foot sublease for Horizon Media, Inc., the nation's largest independent media services company, at 330 Madison Avenue.

New York, NY - April 7, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today announced that Ambassador Construction Company, Inc. has renewed its lease covering 13,784 square feet on the 12th floor of 317 Madison Avenue.

NEW YORK, NY - April 07, 2009 - (RealEstateRama) — The Empire State Building is “going green,” profitably. Today Jones Lang LaSalle and its program partners unveiled a landmark energy sustainability program for the iconic property that will reduce the Empire State Building’s energy use and greenhouse gas emissions by up to 38 percent. Once completed, the building is expected to achieve an ENERGY STAR score of 90, placing it in the top 10 percent of efficiency for Class A buildings, a major feat for a pre-war property. In addition, the Empire State Building will pursue LEED Gold building certification.

Albany, NY - April 6, 2009 - (RealEstateRama) — Governor David A. Paterson today announced $253 million in affordable housing grants coming to New York...

Albany, NY - April 1, 2009 - (RealEstateRama) — Assembly Speaker Sheldon Silver and Ways and Means Committee Chair Herman D. Farrell, Jr. today announced that the SFY 2009-2010 budget includes $502 million for the Public Housing Capital Fund to rehabilitate, modernize and develop public housing as well as $141 million for the Homelessness Prevention Program to fund homelessness prevention services on a county-by-county and statewide basis.Silver and Farrell said the state budget restores $48.5 million in critical funds to programs that help community-based organizations preserve and restore housing in depressed areas.

NEW YORK, NY - April 2, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved a $600,000 grant to Home HeadQuarters, Inc. to finance the construction of 15 affordable single-family homes in the City of Syracuse.

NEW YORK, NY - April 2, 2009- (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to the Oswego Housing Development Council, Inc. for the acquisition and rehabilitation of 24 homes in Oswego County.

NEW YORK, NY - Thursday, April 2, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $1.075 million in grants to the Housing Partnership Development Corporation to create 43 new housing units in New York City.

NEW YORK, NY - April 2, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $1.975 million in grants to create and renovate 82 affordable housing units in New York State.

Albany, NY - March 31, 2009 - (RealEstateRama) — In the midst of the worst economic downturn New York has faced in many decades, Governor Paterson and legislative leaders agreed to a 2009-10 State Budget that will close the largest budget gap in State history, institute significant governmental reforms and help to stabilize New York's long-term finances.

New York, NY - March 30, 2009 - (RealEstateRama) — Today on Public Advocate's Corner, Betsy Gotbaum called on the city to take immediate action on a stretch of abandoned railroad tracks that has turned into a swamp in the South Bronx.

New York, NY - March 30, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg commended the New York City Council today for its approval of the City’s development plans at Hunters Point South and Willets Point in Queens.

Albany, NY - March 25, 2009 - (RealEstateRama) — The New York State housing market recorded sluggish sales in the first two months of 2009, as buyers faced concerns about the economy and uncertainty about the federal stimulus package.

Albany, NY - March 26, 2009 - (RealEstateRama) — DHCR Commissioner Deborah VanAmerongen was in Buffalo last week to discuss DHCR's role in addressing the foreclosure crisis in Western New York and to kick-off the first in a series of regional meetings across the state with housing industry professionals and advocates involved in assisting homeowners under New York's $25 million Subprime Foreclosure Prevention Program.

Albany, NY - March 20, 2009 - (RealEstateRama) — Statement from New York State Association of REALTORS President Daniel J. Hartnett: The New York State Association of REALTORS and its more than 56,000 members strongly oppose any increase to the personal income tax (PIT) and urge lawmakers to make the difficult, yet necessary, decision to cut costs to balance the state’s budget, instead of continuing an overreliance on taxing the residents of this state.

ALBANY, NY - March 19, 2009 - (RealEstateRama) — A new Upstate Equity Fund that will encourage private sector investment in affordable housing projects throughout Upstate New York was announced today by Deborah VanAmerongen, commissioner of the state Division of Housing and Community Renewal (DHCR). The new funding source was developed by DHCR together with the New York State Association for Affordable Housing (NYSAFAH) and other partners in the development community.

New York, NY - March 16, 2009 - (RealEstateRama) — Benton J. Campbell, United States Attorney for the Eastern District of New York, announced that Leib Pinter, a former executive of Olympia Mortgage Corp., was sentenced today to 97 months in prison for orchestrating a scheme to defraud Fannie Mae in connection with mortgage loans which Fannie Mae owned but were refinanced through Olympia. Pinter was also ordered to pay more than $43 million in restitution to the victims of his fraud scheme. The sentencing proceeding was held before United States District Judge Sandra L. Townes at the U.S. Courthouse in Brooklyn, New York, and followed Pinter’s guilty to a wire fraud conspiracy on September 11, 2008.

New York, NY - March 17, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today reported that its Board of Directors has declared a dividend of $0.375 per share of common stock for the quarter ending March 31, 2009. The dividend is payable on April 15, 2009 to shareholders of record at the close of business on March 31, 2009.

Albany, NY - March 13, 2009 - (RealEstateRama) — DHCR's Executive Deputy Commissioner Brian Lawlor was on hand recently to help launch the construction of a new $15 million, 66-unit affordable housing development for senior citizens in the town of Ulster

CPC, ENPHRONT Veteran Services and Inner City Development Open Seven 3-story Row Houses for Formerly Homeless Veterans; Educational, Job Training and Recreational Programs Offered On-Site

West Babylon, NY - March 11, 2009 - (RealEstateRama) — The Multiple Listing Service of Long Island, Inc., (MLSLI) released February 2009 home figures reporting a $360,000 closed median home price for Long Island which includes Nassau, Suffolk and Queens county.

ALBANY NY - March 3, 2009 - (RealEstateRama) — The New York State Real Estate Board will hold a public hearing on general real estate issues on Wednesday, March 18, 2009 at 10:30 a.m. at the Department of State, Division of Licensing Services, Alfred E. Smith State Office Building, 80 South Swan Street, 10th Floor Conference Room, Albany, NY and 123 William Street, 19th Floor Conference Room, New York, NY.

WASHINGTON, D.C. - March 6, 2009 - (RealEstateRama) — The Congressional Oversight Panel released its March Oversight Report, The Foreclosure Crisis: Working Toward a Solution. Like the crisis in the banking system, the foreclosure problem has grown so large that it threatens the entire economy.