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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.
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.
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.
CPC Resources And East Brooklyn Congregations Open 48 Affordable Rental Apartments In Brooklyn
October 6, 2007 Posted by New York RealEstateRama
Rents to Range from $723 to $1,007 per Month for Low-Income Families
Brooklyn, September 27, 2007 – City officials and community-based developers announced the completion today of six 4½-story apartment buildings that have been constructed on Malta Street and Alabama Avenue in East New York.
Lexington Realty Trust Announces Formation of Co-Investment Program For Its Specialty-Use Real Estate Assets
August 13, 2007 Posted by New York RealEstateRama
NEW YORK, Aug. 13 /PRNewswire-FirstCall/ — Lexington Realty Trust (”Lexington”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant real estate investments, today announced that The Lexington Master Limited Partnership has formed a co-investment program, with another real estate investment company, to invest in specialty single-tenant net leased assets in the United States.
So, Is Atlantic Yards a Rip-Off or Not?
July 6, 2007 Posted by New York RealEstateRama
It’s been an odd week in the history of Atlantic Yards project. Last Friday, the Mayor said that $300 million worth of tax breaks that Forest City Ratner wrangled out of state legislators are going to “a developer who doesn’t need them.”
Tax incentives for Rochester Technology Park approved
July 4, 2007 Posted by New York RealEstateRama
The County of Monroe Industrial Development Agency has approved tax incentives for the soon-to-be new owner of Rochester Technology Park — the former Kodak Elmgrove facility.
