Albany, NY - December 23, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced 10 awards totaling $23.7 million to create or preserve high quality affordable housing and spur economic growth in regions around the state, awarded through New York State Homes and Community Renewal (HCR).
Albany, NY - December 16, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today received an end of the year progress report on the NY Works Initiative showing investments of $1.6 billion in vital infrastructure projects statewide, including $1.2 billion to repair and rebuild roads and bridges, $265 million to improve parks, and $142 million to protect coasts from floods. NY Works projects have also supported tens of thousands of direct jobs around the state. Director of State Operations Howard Glaser presented the results of the report at the Governor’s cabinet meeting today.
Albany, NY - November 22, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced a $1 million award to the Disaster Recovery Clinic at the Maurice A. Deane School of Law at Hofstra University to help families and small businesses in Nassau and Suffolk Counties affected by Superstorm Sandy. The award will expand the pro bono counseling services at the clinic to an additional 250 homeowners and businesses.
FORMER ATTORNEY CHARGED IN 49-COUNT INDICTMENT WITH STEALING APPROXIMATELY $4 MILLION IN WIDE-RANGING REAL...
New York, NY - October 17, 2013 - (RealEstateRama) -- Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of ALICE BELMONTE, 47, who resigned from the New York Bar in February 2013, for defrauding investors and stealing millions of dollars through a wide-ranging real estate investment scheme. The defendant has been indicted in New York State Supreme Court on charges of Grand Larceny in the First, Second and Third Degrees, Criminal Possession of a Forged Instrument in the Second Degree, Identity Theft in the Second Degree, Scheme to Defraud in the First Degree, and Issuing a Bad Check.1
NYCEDC, Borough President Diaz, Empire State Development and Triangle Equities Announce Groundbreaking at The...
New York, NY - September 30, 2013 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC), Bronx Borough President Ruben Diaz, Jr., Empire State Development (ESD) and Triangle Equities, in partnership with the Goldman Sachs Urban Investment Group (Goldman Sachs), today announced the groundbreaking of the Triangle Plaza Hub in the Melrose neighborhood of the Bronx
New York (June 6, 2013) – JMC Holdings, LLC, a burgeoning real estate investment company launched by Matt Cassin and David Taylor, announced this week that Christopher Deppoliti has been hired as the company’s Head of Asset Management. In his role, Deppoliti will be responsible for overseeing JMC Holdings’ real estate investment portfolio and monitoring the performance of individual assets, which includes commercial and residential properties located in Manhattan and along the East Coast.
Citi, L+M Development Partners Announce $150 Million New York Affordable Housing Preservation Fund II
New York, NY - June 5, 2013 - (RealEstateRama) -- Citi and L+M Development Partners (L+M) have launched a second New York Affordable Housing Preservation Fund. NYAH II, a $150 million real estate private equity venture, is designed to be an entrepreneurial solution to stem the loss of affordable housing particularly in low- and moderate-income neighborhoods in New York City.
Newburgh, NY - May 29, 2013 - (RealEstateRama) -- Representative Sean Patrick Maloney announced that the U.S. Department of Housing and Urban Development awarded Orange County’s Lead Safe Program with a Lead Based Paint Hazard Control grant and Healthy Homes Initiative funding. This investment will help Orange County’s Office of Community Development clear homes of lead paint and fire hazards, improving the living conditions and safety of children and families across Orange County
Chicago, IL - May 13, 2013 - (RealEstateRama) -- A noted investment strategist, a top economic forecaster and the CEO of a major property group tackled the question of demand for real estate investment -- or lack thereof -- at The Counselors of Real Estate’s recent midyear conference in New York City. The discussion took place during the invitation-only professional association’s panel discussion titled “Economic Point-Counter Point – and Another Point,” at the Waldorf Astoria hotel.
WASHINGTON, DC - May 13, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced HUD’s approval of New York City’s disaster recovery plan to help homeowners and businesses following Hurricane Sandy. Funded through HUD’s Community Development Block Grant (CDBG) Program, New York City’s action plan calls for a combined $1.77 billion investment in a variety of housing, infrastructure and business recovery activities
rooklyn, NY - May 3, 2013 - (RealEstateRama) -- The NYC Department of Housing Preservation and Development (HPD), New York State Homes and Community Renewal (HCR), NYC Housing Development Corporation (HDC), joined The Hudson Companies, and CAMBA/CAMBA Housing Ventures today to celebrate the groundbreaking of the next phase of the energy- efficient, mixed-use, affordable housing Gateway Elton Street development in the Spring Creek section of Brooklyn. The new buildings will be located at 516 and 524 Vandalia Avenue, and 526 Schroeders Avenue.
WASHINGTON, DC - April 29, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced federal approval of New York State's recovery action plan to help homeowners and businesses following Superstorm Sandy, Hurricane Irene, and Tropical Storm Lee. Funded through HUD's Community Development Block Grant Disaster Recovery (CDBG - DR) program, New York State's recovery action plan calls for a combined $1.7 billion investment in a variety of housing, infrastructure and business recovery activities. Read New York State’s action plan.
Albany, NY - April 26, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo and U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced federal approval of New York State’s recovery action plan to help struggling homeowners and businesses following Superstorm Sandy, Hurricane Irene, and Tropical Storm Lee. Funded through HUD's Community Development Block Grant Disaster Recovery (CDBG – DR) program, New York State’s recovery action plan calls for a combined $1.7 billion investment in a variety of housing, infrastructure and business recovery activities.
NEW YORK, N.Y. - February 27, 2013 - (RealEstateRama) -- City Comptroller John C. Liu today announced that four of the five New York City pension funds have voted to invest $500 million in residential and commercial real estate, focused in areas affected by Superstorm Sandy.
Bridgehampton, NY - February 14, 2013 - (RealEstateRama) - Saunders & Associates, a leading independent real estate firm in the Hamptons, reports record sales of residential properties for 2012. This is the most activity the agency has seen, in terms of contract signings, property showings, and investor and developer capital commitments, since 2006
New York, NY - February 13, 2013 - (RealEstateRama) -- The New York State Energy Research and Development Authority (NYSERDA) has awarded Brooklyn Navy Yard a High Performance Building Plaque for energy efficiency measures to the Brooklyn Navy Yard Center at Building 92 that will cut energy costs by $24,000 annually.
ALBANY, NY - January 10, 2012 - (RealEstateRama) -- The President of 32BJ SEIU, the state’s largest private-sector union, said today that Governor Cuomo deserves credit for announcing his support for many important initiatives in his State-of-the-State speech, particularly the need for an increase in the minimum wage, and for campaign finance reform and greater regulation of public utilities. But 32BJ President Héctor Figueroa also urged the Governor to add the New York State DREAM Act to his list of priorities.
New York, NY - December 4, 2012 - (RealEstateRama) -- Mayor Michael R. Bloomberg and City Council Speaker Christine Quinn today joined Related Companies Chairman Stephen M. Ross and OMERS Investment Committee Chair Bill Aziz to celebrate the start of construction at the Hudson Yards – a 26-acre site that was the single largest piece of undeveloped property in Manhattan now set to become the centerpiece of the historic expansion of midtown Manhattan’s central business district to the west side. Construction commenced today on the first tower, the 1.7 million-square-foot, 47-story South Tower – at the northeast corner of 10th Avenue and 30th Street – the future home of Coach Inc.’s world headquarters.
Standing with Hudson Valley Women Entrepreneurs, Gillibrand Calls for Federal Investment for Women’s Enterprise...
New Windsor, NY - October 26, 2012 - (RealEstateRama) -- Standing with Hudson Valley women entrepreneurs at OXYVITA, Inc., U.S. Senator Kirsten Gillibrand today called for targeted federal investment into the Women’s Enterprise Development Center (WEDC) through the Economic Development Administration.
A.G. Schneiderman Sues JPMorgan For Fraudulent Residential Mortgage-backed Securities Issued By Bear Stearns
WASHINGTON, DC - October 2, 2012 - (RealEstateRama) -- In his role as co-chair of the Residential Mortgage-Backed Securities Working Group, Attorney General Eric T. Schneiderman today announced a Martin Act lawsuit against J.P. Morgan Securities LLC (formerly known as Bear Stearns & Co. Inc.), JP Morgan Chase Bank, N.A., and EMC Mortgage LLC (formerly known as EMC Mortgage Corporation) for making fraudulent misrepresentations and omissions to promote the sale of residential mortgage-backed securities (RMBS) to investors.
New York, NY - July 23, 2012 - (RealEstateRama) -- “Even in the depths of the national recession, our City never stopped investing in our future. From creating new parks and pools to renovating old bridges and schools, we did not walk away from investments that are critical to the long-term health of the city. And now, we’re beginning to see more of those investments pay off. Last week, we reached two major milestones in our efforts to revitalize our waterfront, expand our transit system, and build unprecedented amounts of affordable housing.
NEW YORK, NY - June 15, 2012 - (RealEstateRama) -- Ariel Property Advisors has sold a Central Harlem retail property leased by Citibank for $3.4 million. Exclusive agents Victor Sozio, Shimon Shkury, and Michael Tortorici handled the sale for a private owner. The property was sold to a private investment group that operates multiple retail locations throughout the country.
NEW YORK, NY - June 14, 2012 - (RealEstateRama) -- New York City multifamily transaction volume rose 29 percent in April 2012 compared to April 2011, but year-over-year dollar volume fell by 18 percent, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.
NEW YORK, NY - May 15, 2012 - (RealEstateRama) -- New York City multifamily sales remained strong in March, maintaining a healthy level of consistency from a very active February, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.
NEW YORK, NY - May 2, 2012 - (RealEstateRama) -- Ariel Property Advisors has announced the closing of three adjoining buildings at 546-52 West 146th Street in West Harlem for $8.9 million.