InterContinental New York Times Square Appoints Hospitality Stars to Open the Largest New-Build Hotel in Manhattan
February 9, 2010 Posted by New York RealEstateRama
ATLANTA, GA - February 9, 2010 - (RealEstateRama) — InterContinental Hotels and Resorts announced today the appointment of Andrew (Drew) Schlesinger as general manager and Linda Hodgson as director of sales and marketing for the InterContinental New York Times Square. Currently under construction, the hotel is scheduled to open in July 2010.
SL Green Realty Corp. Takes Ownership of 100 Church Street
January 21, 2010 Posted by SL Green
New York City - January 21, 2010 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today that it is the sole owner of 100 Church Street, NY, NY, a 1.05 million-square-foot office tower located in downtown Manhattan, following the successful foreclosure of the senior mezzanine loan at the property
TCAP Funds Will Jumpstart Construction Or Rehabilitation Of Affordable Housing In The Bronx, Brooklyn, And Manhattan
November 9, 2009 Posted by New York RealEstateRama
New York, NY - November 6, 2009 - (RealEstateRama) — New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero today announced the recipients of the agency’s second round of funding from the American Recovery and Reinvestment Act’s Tax Credit Assistance Program (TCAP).
HDC Board Approves $378 Million in Bonds For Multi-Family Housing
June 11, 2009 Posted by NYCHDC
NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) approved $378 million in Multi-Family Revenue tax-exempt bonds for the permanent financing and first position of construction for developments located in Manhattan, Brooklyn, and the Bronx. Approximately $115 million will be recycled bonds. The recycled bonds were […]
HDC Board Approves $55.5 Million in Tax-Exempt Multi-family Housing Revenue Bonds
June 10, 2009 Posted by NYCHDC
NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The Board of Directors of the New York City Housing Development Corporation (HDC) approved $55.5 in tax-exempt Multi-family Housing Revenue Bonds for two affordable housing projects; one new construction in Manhattan and the other a large-scale refinancing and renovation project in Queens.
HDC, HPD and YUCO Real Estate Celebrate the Opening of 1405 Fifth Avenue Apartments
May 28, 2009 Posted by NYCHDC
NEW YORK, NY - May 28, 2009 - (RealEstateRama) — Today, the New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and YUCO Real Estate Company, Inc. (YUCO) celebrated the grand opening of 1405 Fifth Avenue Apartments, an 81-unit mixed-income development located in the East Harlem section of Manhattan. The creation of affordable housing in New York City is part of the City’s Five Borough Economic Opportunity Plan to create jobs for New Yorkers today and implement a vision for long-term economic growth while strengthening and stabilizing neighborhoods in all five boroughs.
Thompson: Law Limits City Revenue Potential In Property Tax Benefit Program
May 25, 2009 Posted by Comptroller William C. Thompson
New York, NY - May 24, 2009 - (RealEstateRama) — New York City Comptroller William C. Thompson, Jr. today said ambiguity in State law has allowed millions of dollars to slip through the City’s fingers because of a methodology that allows properties to be assessed well after their renovations – when their values are higher.
NYS Affordable Housing Corporation Approves $10.33 Million in Grants to Build and Acquire 362 Affordable Housing Units in New York City
May 7, 2009 Posted by New York RealEstateRama
NEW YORK, NY - May 7, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved four grants totaling $10.33 million to the Housing Partnership Development Corp. to build and rehabilitate 362 units of affordable housing in Manhattan, the Bronx and Brooklyn.
REBNY Retail Report: Manhattan Asking Rents for Retail Space Down 11%
May 7, 2009 Posted by New York RealEstateRama
NEW YORK, NY - May 7, 2009 - (RealEstateRama) — As the global recession continues to affect the retail industry, average asking rents for retail space in Manhattan had the first meaningful decline since 9/11, dropping 11 percent since fall 2008 to $115 per square foot, according to the REBNY Spring Retail Report released today.
Housing Development Corp. Issues $228,000,000 in Bonds
December 12, 2008 Posted by NYCHDC
NEW YORK, NY - December 10, 2008 - (RealEstateRama) – Today, The New York City Housing Development Corporation (“HDC”) issued $228,000,000 of tax-exempt and taxable Multi-Family Housing Revenue Bonds to refinance, preserve, and provide construction loan financing for a total of 1019 units of affordable housing in the Bronx, Manhattan, and Brooklyn. A portion of the […]
SL Green Venture Signs 1.3-Million-Square-Foot Headquarters Lease with Viacom at 1515 Broadway
November 12, 2008 Posted by SL Green
New York, NY - November 11, 2008 - (RealEstateRama) – SL Green Realty Corp. (NYSE: SLG) today announced that Viacom International, Inc. has renewed and extended its lease covering 1.3 million square feet for its Global Headquarters at 1515 Broadway. This notable accomplishment is the third largest lease ever signed in Midtown Manhattan. The iconic […]
Five Wachovia Branches in Manhattan to Accept Monthly Rent Payments
September 23, 2008 Posted by NYCHA
September 23, 2008 - (RealEstateRama) — A new partnership between The New York City Housing Authority and Wachovia Bank, N.A. will give residents of public housing the added convenience of making their monthly rent payments at five Wachovia locations in Manhattan. The branches are located on Broadway and 10th; Broadway and 70th; Broadway and 85th; […]
MIDYEAR ROUNDUP: SL GREEN SIGNS NEARLY ONE MILLION SQ FT OF LEASES IN MANHATTAN BY CLOSE OF SECOND QUARTER ‘08
September 4, 2008 Posted by SL Green
New York, NY - September 2, 2008 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) signed a total of 103 lease agreements covering 975,578-square feet at various buildings in its 30-building portfolio of Manhattan properties as the second quarter of 2008 came to a close.
NYS Housing Finance Agency Approves $719 Million in Financing to Create and Preserve 1,802 Affordable Housing Units in New York City
June 18, 2008 Posted by HFA
NEW YORK - June 12, 2008 - The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) have approved nearly $719 million in financing to create and preserve 1,802 units of affordable housing in New York City.
Among the projects receiving financing are the first three […]
Funds will Preserve Thousands of Low-Income Homes for Owners and Renters
June 18, 2008 Posted by New York RealEstateRama
June 12, 2008 - Governor David A. Paterson today announced $742 million in grants and financing to build and renovate 2,379 affordable housing units throughout New York State. The funds will be used to finance construction of new housing units and preserve existing units, reinforcing the Governor’s commitment to protecting neighborhoods and promoting affordable housing […]
