Press Releases
Housing & Development

GRACELINE COURT ANNOUNCES MORE THAN 80% OF UNITS ARE UNDER CONTRACT

New York, NY - March 17, 2010 - (RealEstateRama) — Halstead Property Development Marketing and Loewen Development today announced that more than 80 percent of its units are under contract for purchase at Graceline Court (www.gracelinecourt.com), a new residential development in Harlem.

WITH ONLY FIVE REMAINING UNITS, HAMILTON LOFTS, NEW CONDO DEVELOPMENT IN HARLEM, IS 60% SOLD

New York, NY - March 12, 2010 - (RealEstateRama) — March 12, 2010 – Gold Development today announced that Hamilton Lofts, a premiere new condominium development at 117 and 121 Edgecombe Avenue in Harlem, is now 60% sold.

Harlem Condominium Development 2280 FDB Approved for FHA-Backed Loans

New York, NY - February 4, 2010 - (RealEstateRama) — Halstead Property Development Marketing and RGS Holdings, LLC, in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, today announced that 2280 Frederick Douglass Boulevard has been approved by the Federal Housing Administration’s mortgage program. The 12-story new construction condominium development in Harlem, will now allow qualified buyers to purchase a new home with a down payment between 5 and 10%.

METROPOLITAN REALTY EXTENDS MORTGAGE ON SUNRISE BUSINESS CENTER IN GREAT RIVER

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.

STV and Turner Awarded $656 Million Contract by New York City Department of Design and Construction to Construct New Policy Academy in College Point, Queens, N.Y.

New York, N.Y. - January 20, 2010 - (RealEstateRama) — STV and Turner Construction Company, in a joint venture, have been awarded a $656 million contract to provide construction management services for the new police academy for the New York City Police Department (NYPD) in College Point, Queens, N.Y.

NEW YORK STATE COMMISSIONER OF HOUSING AND COMMUNITY RENEWAL TO JOIN NIXON PEABODY

Deborah VanAmerongen Brings Wide Range of Experience in Housing and Community Development. (New York, NY - January 4, 2010 - (RealEstateRama) — International law firm Nixon Peabody LLP announces the addition of Deborah VanAmerongen to its Affordable Housing practice. Ms. VanAmerongen will join Nixon Peabody as a strategic policy adviser as of February 1, 2010. She will be resident in the New York City office. Ms. VanAmerongen will work closely with attorneys in the firm’s Affordable Housing practice to provide advice to developers, owners and managers of affordable housing, as well as their financing partners, in the preservation and production of affordable housing nationwide.

GREENPATH DEBT SOLUTIONS SEES 58% INCREASE IN NYC CLIENTS AND 52% INCREASE IN NY STATE CLIENTS WITH PAST DUE MORTGAGES IN 2009 VERSUS 2008

FARMINGTON HILLS, MI - December 22, 2009 - (RealEstateRama) — GreenPath Debt Solutions, a nonprofit consumer credit counseling service with seven offices in the greater New York City area, recently released mortgage delinquency data regarding its clients in New York State and New York City

HARLEM CDC HOSTS 4TH ANNUAL SMALL BUSINESS CONFERENCE AT ADAM CLAYTON POWELL JR. STATE OFFICE BUILDING

New York, NY - December 4, 2009 - (RealEstateRama) — The Harlem Community Development Corporation (Harlem CDC), in partnership with a range of organizations dedicated to supporting the growth of small business in Upper Manhattan, will host the 4th annual Small Business Conference on Thursday, December 10th, at the Adam Clayton Powell Jr. State Office Building.

HALSTEAD PROPERTY DEVELOPMENT MARKETING COMMENCES SALES FOR NEW CONDO DEVELOPMENT “THE DOUGLASS”

New York, NY - November 30, 2009 - (RealEstateRama) –BRP Companies and Halstead Property Development Marketing today announced the commencement of sales for The Douglass, a new high-end condominium development located in South Harlem at 2110 Frederick Douglass Boulevard at the corner of 114th Street.

County Executive Steve Levy & LIBOR Announce New Fair Housing Law in Suffolk County

West Babylon, NY - November 10, 2009 - (RealEstateRama) — The Long Island Board of REALTORS® (LIBOR) is proud to announce that County Executive Steve Levy has signed ground breaking fair housing legislation for Co-ops into law.

FORMER BRONX PUBLIC HOUSING TENANTS CELEBRATE HOMEOWNERSHIP

Low-income residents purchase and move into affordable renovated co-op units and thank NYCHA and other supporters for enabling the conversion. Bronx, N.Y. - September 11, 2009 - (RealEstateRama) — Hundreds of former public housing residents in the Bronx welcomed the unlikely dream of affordable homeownership in once publicly-owned buildings and residents in Mott Haven hosted a family day celebration in honor of those who helped them realize the dream Saturday, September 12, at 12:30 p.m

Turner Completes Largest Green Roof in New York City

Roof atop the United States Postal Service Morgan Mail Processing Facility is Part of the USPS’s Goal to Reduce Energy Usage by 30 Percent by 2015. New York, N.Y. - August 25, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s largest green builder, has substantially completed New York City’s largest green roof for the United States Postal Service (USPS) atop the 2.2 million sq. ft. Morgan Mail Processing Facility on West 28th Street between 9th and 10th Avenues.

Turner Selected to Manage Construction of $83 Million New Settlement Community Campus for New York School Construction Authority in Bronx, N.Y.

New York, N.Y., - May 14, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s largest builder of green buildings and education facilities, has been selected by the New York School Construction Authority (SCA) to manage construction for the $83 million new settlement community campus for students in grades 1-12 in the Bronx, New York. The campus is scheduled for completion in 2012.

CPower Secures More Than $10 Million in Series B Round of Financing

New York, NY - April 28, 2009 - (RealEstateRama) — CPower (www.cpowered.com), a leading energy management firm, today announced the closing of its Series B round of financing. This $10.68 million investment was led by a new investor in the company, Mayfield Fund, as well as returning investors, including Bessemer Venture Partners, Expansion Capital Partners, Schneider Electric Ventures, New York City Investment Fund and Consensus Business Group.

SL Green Completes $40 Million of Redevelopment Projects at Three Buildings

New York, NY - April 27, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today the completion of $40 million of building re-development improvements at three of its signature office properties, 711 Third Avenue, 810 Seventh Avenue in Manhattan, and 16 Court Street in Brooklyn. Each property has undergone a comprehensive re-positioning which includes capital improvements featuring unique designs reflective of each building.