Investing
METROPOLITAN REALTY EXTENDS MORTGAGE ON SUNRISE BUSINESS CENTER IN GREAT RIVER
February 1, 2010 Posted by WaxWords Incorporated
JERICHO, NY - February 1, 2010 - (RealEstateRama) — Despite a tight lending market, Metropolitan Realty Associates, the owner of the Sunrise Business Center in Great River, and its equity partner Angelo, Gordon & Co., LP. have successfully negotiated an extension of their mortgage on the 388,500-square-foot Class A office complex, President Joseph A. Farkas announced today.
Governor Paterson Announces $45 Million In Stimulus Funds To Jumpstart Affordable Housing
August 18, 2009 Posted by Governor David A. Paterson
Albany, NY - August 18, 2009 - (RealEstateRama) — Governor David A. Paterson today announced the award of $45 million in affordable housing grants through the American Recovery and Reinvestment Act (ARRA).
New York Fed Streamlines External Investment Managers for Agency MBS Purchase Program
August 17, 2009 Posted by New York RealEstateRama
New York, NY - August 17, 2009 - (RealEstateRama) — The Federal Reserve Bank of New York today announced that it has streamlined the set of external investment managers for the agency mortgage backed securities purchase program, reducing the number of investment managers from four to two.
Encouraging Local Investment in Affordable Housing
August 10, 2009 Posted by DHCR
Albany, NY - August 7, 2009 - (RealEstateRama) — The new Birchez at Esopus affordable housing development for seniors was the site of a recent forum aimed at encouraging local investment in affordable housing through the new Upstate Equity Fund. Bankers, developers, and local officials, including Congressman Maurice Hinchey and Ulster Town Supervisor Nicky Woerner, gathered to learn about the benefits of the Low Income Housing Tax Credit (LIHC) Program and the need for local investment in affordable housing.
USDA Home Loans Funded Through the Recovery Act Exceeds 50,000; New York Home Loans Top 660, Represents $69 Million Investment
August 10, 2009 Posted by USDA
Combined Rural Development Recovery Act Funding in New York Now Exceeds $120 Million. SYRACUSE, N.Y. - August 10, 2009 - (RealEstateRama) — The U.S. Department of Agriculture has announced that the number of home loans funded through the American Reinvestment and Recovery Act (ARRA) has now exceeded 50,000. The announcement was made yesterday in Washington, D.C. by Agriculture Deputy Secretary Kathleen Merrigan.
Rep. Tonko Secures Investments In Local Infrastructure, Housing Projects
July 27, 2009 Posted by New York RealEstateRama
WASHINGTON, D.C. - July 23, 2009 - (RealEstateRama) — Rep. Paul Tonko (NY-21) joined the House of Representatives Thursday in approving the Department of Transportation, and Housing and Urban Development Appropriations Act, 2010, which builds on the Recovery Act to make smart investments that will provide short-term help in the form of housing and jobs to those hurt most by the economic downturn, and long-term solutions like highway and public transit improvements to put our economy on sound footing for the future.
SL Green Realty Corp. Announces $0.10 Dividend on its Common Stock for Second Quarter 2009
June 19, 2009 Posted by SL Green
New York, NY - June 18, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today reported that its Board of Directors has declared a dividend of $0.10 per share of common stock for the quarter ending June 30, 2009.
THOMPSON AND NEW YORK CITY PENSION FUNDS ANNOUNCE EFFORT TO PROTECT AFFORDABLE HOUSING
February 28, 2008 Posted by Comptroller William C. Thompson
New York City Comptroller William C. Thompson, Jr. and the New York City Pension Funds joined with other elected officials and housing advocates today to announce a real estate investment principle to allow the City to “opt out” of any future deals that could negatively impact opportunities to create or retain affordable housing.
BROADWAY PARTNERS ANNOUNCES 120,000 SF LEASE
February 7, 2008 Posted by New York RealEstateRama
Strong Leasing Momentum Continues at Midtown Manhattan Office Tower
New York, NY, February 6, 2008 - Broadway Partners, a national private real estate investment and management firm headquartered in New York, has inked an 11-year, 120,000-square-foot lease at 340 Madison Avenue. The lease transaction will bring Fortune 500 technology company SunGard to the property, which is […]
Governor Spitzer Proposes Historic Investment In Affordable Housing
January 14, 2008 Posted by New York RealEstateRama
$400 Million Housing Opportunity Fund Draws Praise from Advocates, Business Community
January 13, 2008 - Governor Eliot Spitzer today visited the Rheingold Houses in Bushwick, Brooklyn, to highlight steps his administration is taking to increase affordable and supportive housing throughout New York. Housing advocates, developers, community and business leaders applauded the Governor’s historic $400 million Housing […]
Hampshire Partners Fund VII Acquires Medical/Retail Building in Bronx, N.Y.
January 13, 2008 Posted by New York RealEstateRama
Bronx, N.Y. - January 10, 2008 - The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced the acquisition of a 59,100-square-foot medical/office building and a 21,000-square-foot retail building both located at 3250 Westchester Avenue in Bronx, N.Y. from Pelbay Associates, Inc. The […]
CUSHMAN & WAKEFIELD SONNENBLICK GOLDMAN ARRANGES FINANCING FOR BROOKLYN, NEW YORK OFFICE BUILDING
December 12, 2007 Posted by SL Green
Wednesday, December 12, 2007 – New York, NY – Cushman & Wakefield Sonnenblick Goldman, as exclusive advisor to SL Green Realty Corp. and the City Investment Fund LP, has arranged first mortgage financing for 16 Court Street located in Brooklyn, New York. Anglo Irish Bank Corporation provided the $110.3 million LIBOR based facility.
MFA Mortgage Investments, Inc. Announces Public Offering of Common Stock
November 6, 2007 Posted by New York RealEstateRama
NEW YORK, Nov. 5 /PRNewswire-FirstCall/ — MFA Mortgage Investments, Inc. (NYSE: MFA) announced today it plans to make a public offering of 15,000,000 shares of its common stock. MFA has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock to cover over-allotments. All of the shares are […]
Commitment by Fortune 400 Company Continues the Revitalization of Lower Manhattan
October 21, 2007 Posted by New York RealEstateRama
Governor Spitzer Announces World Trade Center Lease
October 16, 2007 – Governor Eliot Spitzer and Assembly Speaker Sheldon Silver today announced that NCR Corporation, a global technology solutions provider, will lease the 35th floor at 7 World Trade Center where it will locate executive offices, an executive briefing center and will serve as a base of operations […]
Thompson Announces Pension Fund Sponsored Affordable Housing For City Educators
October 9, 2007 Posted by Comptroller William C. Thompson
New York, NY, October 4, 2007 — New York City Comptroller William C. Thompson, Jr. today announced an investment of more than $28 million on behalf of the Teachers’ Retirement System (TRS) of the City of New York to create affordable housing for educators in New York City schools.
