New York RealEstateRama

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.

NEW YORK, NY - February 27, 2013 - (RealEstateRama) -- Hines, the international real estate firm, along with partners Pacolet Milliken Enterprises, Inc. and institutional investors advised by J.P. Morgan Asset Management, held a groundbreaking ceremony today on the site of 7 Bryant Park, an iconic new trophy-class office tower in Midtown Manhattan.

Albany, NY - February 27, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that Fannie Mae and Freddie Mac have agreed to the State’s request for new rules to accelerate the release of insurance proceeds to homeowners affected by Storm Sandy. As requested by the administration, Fannie Mae and Freddie Mac have reduced restrictions on how banks and mortgage servicers may release insurance money to homeowners.

Albany, NY - February 26, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the deadline for residents living in one of the thirteen disaster-declared counties to register for FEMA assistance has been extended to March 29, 2013. The previous deadline was February 27, 2013.

New York, NY - February 25, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the Department of Financial Services has established a voluntary mediation process for homeowners disputing their insurance claims or dissatisfied with denials of their claims arising from Storm Sandy.

New York, NY - February 25, 2013 - (RealEstateRama) -- The New York State Energy Research and Development Authority (NYSERDA) announced today that the Erie County Medical Center (ECMC) Corporation was awarded $1.4 million to support two energy efficiency projects that are projected to cut electricity costs by roughly $680,000 annually

Bronx, NY - February 22, 2013 - (RealEstateRama) -- NYS Homes and Community Renewal (HCR) Commissioner/CEO Darryl C. Towns, New York City Housing Authority (NYCHA) Chairman John B. Rhea, New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua, New York City Housing Development Corporation (HDC) President Marc Jahr and NYC Department of Design and Construction (DDC) Commissioner David Burney today joined Blue Sea Development principal Les Bluestone and partner, Avery Seavey, to celebrate the opening of Arbor House.

NEW YORK, NY - February 21, 2013 - (RealEstateRama) -- Following the release of the second official report on the implementation of the National Mortgage Settlement today, Attorney General Eric T. Schneiderman noted encouraging progress on behalf of New York State homeowners. The report, which was issued today by the settlement’s national monitor showed that over $1.8 billion in consumer relief has been delivered to New York homeowners since March of 2012.

City Hall, NY - February 21, 2013 - (RealEstateRama) -- Today, City Council Speaker Christine C. Quinn announced details of new legislation that will protect New York City homeowners seeking to physically elevate their homes in the aftermath of Hurricane Sandy. Council Member Vincent Ignizo, lead sponsor of the legislation, Minority Leader James S. Oddo and additional Council Members joined at today’s announcement

Albany, NY - February 21, 2013 - (RealEstateRama) -- The recovery of the New York State housing market continued into 2013 as January sales of existing single-family homes, condos and co-ops were 9.5 percent ahead of January 2012, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price grew by 5 percent compared to a year ago and available inventory continued to decrease

New York, NY - February 20, 2013 - (RealEstateRama) -- Two years ago, Democrats and Republicans laid aside their differences and enacted a property tax cap that finally put the brakes on rising property taxes in New York.

BUFFALO - February 18, 2013 - (RealEstateRama) -- In Buffalo, Attorney General Eric T. Schneiderman today announced the results of the Homeowner Protection Program (HOPP), a $60 million initiative to support housing counselors and legal services providers working with homeowners at risk of foreclosure across the State of New York. Attorney General Schneiderman reported that in just the first three months of the program, 547 at-risk homeowners in the Buffalo-Niagara region have received assistance, and roughly 3,600 have been served throughout New York State. Schneiderman also announced the creation of a statewide hotline 1-855-HOME-456 to provide help for homeowners facing foreclosure.

Washington, D.C. - February 18, 2013 - (RealEstateRama) -- Today, Rep. Joe Crowley (NY-14) sent a letter to Wayne LaPierre, CEO and Executive Vice President of the National Rifle Association (NRA), inviting him to come to New York City and reconsider his misconceptions about New Yorkers. LaPierre recently published an opinion piece in the Daily Caller describing New York City after Hurricane Sandy as a “hellish world” of lawlessness, using it to argue against reasonable gun policies

New York, NY - February 18, 2013 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano, in partnership with New York State Governor Andrew Cuomo and State Senator Charles Fuschillo, announced today that representatives of the Department of Financial Services (DFS) will be in Nassau County to help homeowners, renters and business owners with insurance-related issues stemming from damage caused by Storm Sandy. Project Hope Crisis Counselors,

Albany, NY - February 14, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced $20 million to support clean-energy projects that will provide continuous power and heat during power outages. These projects are in support of recommendations made by Governor Cuomo’s NYS 2100 Commission in the aftermath of Hurricane Sandy. These combined heat and power (CHP) projects provide manufacturers, apartment buildings, hospitals, universities and other large buildings the ability to produce a portion of their own heat and electricity.

WASHINGTON, DC - February 14, 2013 - (RealEstateRama) -- Today in response to a question posed by Congresswoman Carolyn B. Maloney (D-NY) at a hearing of the Financial Services Committee, Federal Housing Administration (FHA) Commissioner Carol Galante announced that the Department of Housing and Urban Development (HUD) will streamline the approval of FHA loan applications of multifamily apartment owners in New York and New Jersey.

WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- The State Board of Real Property Tax Services will meet at 10:30 a.m. Tuesday, February 19th, 2013. The meeting will be held in Conference Room A on the second floor of Building 9 on the W.A. Harriman State Campus in Albany.

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 14, 2013 - (RealEstateRama) -- This Valentine’s Day, tenants and workers of The Moinian Group remain heartbroken that the developer insists on driving industry standards down by cutting corners on building repairs, construction site safety, as well as workers’wages and benefits.

WASHINGTON, D.C. - February 13, 2013 - (RealEstateRama) -- U.S. Senator Charles E. Schumer today called on the U.S. Department of Housing and Urban Development (HUD) to establish a framework for how assistance programs can be structured with Community Development Block Grants Disaster Recovery (CDBG-DR) funding to help housing cooperative and condominium owners impacted by Superstorm Sandy. Co-op and condominium owners are not currently eligible for Federal Emergency Management Agency (FEMA) grants to cover the cost of repairs to common areas and infrastructure. Schumer today is asking HUD to establish program guidelines for eligible recipients using CDBG funds to help co-op and condo homeowners repair damage incurred by Sandy

New York, NY - February 13, 2013 - (RealEstateRama) -- After an investigation by New York State’s Department of Financial Services found that banks have delayed approximately $200 million in Superstorm Sandy related insurance payments to thousands of New York homeowners, U.S. Senator Kirsten Gillibrand urged the Consumer Financial Protection Bureau (CFPB) today to review the matter and find the most efficient and effective way for financial institutions to expedite insurance claims and cut through red tape. Four major U.S. banks are holding more than two-thirds of the 6,000 delayed relief funds, or an estimated $130 million, owed to New Yorkers who need assistance to repair and rebuild in the aftermath of Superstorm Sandy

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 - February 12, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that a Department of Financial Services investigation uncovered $200 million in insurance funds from Superstorm Sandy that are being held by banks and have not yet been sent to homeowners who need the money to pay for necessary repairs.

Reston, Virginia - February 12, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that Justice Arthur G. Pitts of the Supreme Court of the State of New York, Suffolk County, recently ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and other defendants, dismissing a one-count complaint alleging that the MERS mortgage was unenforceable.

WASHINGTON, D.C. - February 12, 2013 - (RealEstateRama) -- “Hurricane Sandy caused unprecedented damage to many homes and properties along New York City’s coast line. It is therefore startling and troubling to hear recent reports that numerous homes received assessment notices from the Department of Finance that showed increases in their property values.