Home 2009
Yearly Archives: 2009
Focus on Helping Financially Struggling Families Improve Energy Awareness
Albany, NY - April 23, 2009 - (RealEstateRama) — The New York State Public Service Commission (Commission) and the New York State Energy Research and Development Authority (NYSERDA) announced today that the Low-Income Forum on Energy (LIFE) will hold a series of meetings across the State to help address the challenges and opportunities facing low-income families as they seek affordable energy in the wake of the downturn in the economy.
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.
New York Fed Applauds Implementation of the TMPG’s Fails Charge Recommendation
New York, NY - May 1, 2009 - (RealEstateRama) — The Federal Reserve Bank of New York welcomes today’s implementation of the Treasury Market Practices Group’s (TMPG) recommendation that settlement fails in U.S. Treasury securities transactions be subject to a financial charge when short-term rates are low.
Governor Paterson Urges New York Congressional Delegation To Raise Loan Ceiling On FHA-Insured Multifamily...
Albany, NY - April 30, 2009 - (RealEstateRama) — Governor David A. Paterson today sent a letter to the members of the New York State Congressional Delegation, urging them to bolster New York’s affordable housing efforts by supporting an increase in the multifamily mortgage loan limits used by the Federal Housing Administration (FHA) in high-cost areas.
Court-ordered Consent Decree Resolves Civil Suit Alleging Defendants Engaged in Schemes to Defraud the...
Brooklyn, NY - April 28, 2009 - (RealEstateRama) — Benton J. Campbell, United States Attorney for the Eastern District of New York, today announced that Madison Home Equities, Inc., a mortgage lender located in Carle Place, Long Island, and Madison’s president, Nadine Malone, have entered into a consent decree and judgment that permanently enjoins them from making loans insured by the Federal Housing Administration (FHA), an agency of the United States Department of Housing and Urban Development (HUD).
Suffolk Executive Steve Levy Hails Passage of Local Veterans Preference for Town-County Affordable Housing
Hauppauge , NY - April 29, 2009 - (RealEstateRama) — Seeking to ease the transition for returning veterans who have served honorably in the Middle East, Suffolk County Executive Steve Levy announced passage of legislation he drafted which provides a preference for returning veterans in the county’s 72-h affordable housing program.
SENATOR ROBACH ANNOUNCES EFFORT TO REINSTATE STAR REBATE CHECK PROGRAM
Albany, NY - April 28, 2009 - (RealEstateRama) — State Senator Joe Robach announced today that he has created an online petition on his State Senate website for citizens to register their support for reinstating the STAR Rebate Check Program.
New York’s REALTORS applaud governor’s action to reduce property taxes; urge action by Legislature
Albany, NY - April 28, 2009 - (RealEstateRama) — Statement from New York State Association of REALTORS President Daniel J. Hartnett: New York’s 56,000 REALTORS today applaud Gov. David A. Paterson for taking a first step towards providing meaningful property tax relief for our state’s homeowners.
$423 Million in New Federal Funding Will Support 70 Shovel-Ready Projects throughout NYCHA Developments...
New York, NY - April 26, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg, Housing and Urban Development Secretary Shaun Donovan and members of the New York Congressional Delegation today announced selections for New York City Housing Authority (NYCHA) projects that will benefit from $423 million of federal stimulus funding received under the American Recovery and Reinvestment Act (ARRA), which was signed by President Obama in February.
THOMPSON: AFTER TWO YEARS, MORE THAN 4,600 HOMEOWNERS CALL FORECLOSURE INTERVENTION HELPLINE
New York, NY - April 27, 2009 - (RealEstateRama) — As the subprime crisis continues to intensify, New York City Comptroller William C. Thompson, Jr. today announced that 4,658 individuals and families have called his Foreclosure Intervention Helpline to ask for help to avoid losing their homes.
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.
New York State housing sales, price gains signal buyers to get off the sidelines
Albany, NY - April 23, 2009 - (RealEstateRama) — The New York State housing market posted both sales and selling price gains for the first time in 2009 during March, providing a strong signal to those buyers waiting for the market to “hit bottom” that they may well have already missed it.
VANDERVALK SAYS BIG BROTHER IS AT IT AGAIN WITH MANDATE FOR SPRINKLER SYSTEMS IN...
With home builders convening at their annual trade show this week, news of the state mandate that fire sprinklers must be included into any new home built beginning in 2012 was met with concern by many in attendance.
State Housing Commissioner Warns: Don’t be Fooled by Foreclosure Rescue Rip-offs
Albany, NY- April 24, 2009 - (RealEstateRama) — More than 90 foreclosure prevention counselors and legal service providers gathered today to discuss the progress of their efforts to provide free assistance to troubled homeowners facing default.
First Wall Street Group Signs Lease for 15,945-Sq-Ft, and Wells Fargo Trade Capital Expands...
New York, NY - April 23, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today that First Wall Street Group LLC has signed a new15,945-square-foot seven-year lease covering the entire 20th floor at 100 Park Avenue, Grand Central's completely redeveloped ‘Modern Classic' soon to earn a Silver LEED certification.
Assembly Passes Legislation To Preserve Mitchell-Lama Housing, Protect Tenants
Albany, NY - April 22, 2009 - (RealEstateRama) — Assembly Speaker Sheldon Silver, Assembly Housing Committee Chair Vito J. Lopez and Assembly Mitchell-Lama Housing Subcommittee Chair Jonathan L. Bing today announced the passage of a legislative package to preserve thousands of affordable apartments units by strengthening the Mitchell-Lama program.
50 affordable apartments will help revitalize Syracuse’s Northside
Albany, NY - April 22, 2009 - (RealEstateRama) — Commissioner VanAmerongen was on hand recently to break ground on Prospect Hill Homes, a quality...
New York City Housing Development Corporation Directors Approve First Ever Recycled Bonds For Two...
NEW YORK, NY - April 21, 2009 - (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors today welcomed NYC Department of Housing Preservation and Development Commissioner Rafael E. Cestero as the new HDC Board Chairman and at the meeting approved the nation’s first “recycled” bonds for affordable housing projects in the Bronx and Staten Island.
New York Total Foreclosure Activity Decreased in First Quarter While National Filings Increased
New York, N.Y. - April 22, 2009 - (RealEstateRama) — The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the first quarter ending March 31, 2009. According to RealtyTrac there were foreclosure filings on 11,017 properties in New York during the first quarter, representing a 23% decrease compared to the first quarter of last year and a 32% increase over the previous quarter.
DHCR Celebrates Groundbreaking of $18 Million Rehabilitation of Embury Apartments in Saratoga Springs
Albany, NY - April 16, 2009 - (RealEstateRama) — On April 7, Commissioner Deborah VanAmerongen, DHCR staff, and Michael Skrebutenas, Deputy Secretary for Economic Development and Housing, joined Omni Housing Development, LLC, The Wesley Community, and Saratoga Springs Mayor Scott Johnson to break ground on the $18 million rehabilitation of Embury Apartments.
Governor Paterson Announces $59 Million to Assist Communities Affected by Foreclosure and Subprime Crises
New York, NY - April 14, 2009 - (RealEstateRama) — Governor David A. Paterson today announced the award of $59 million in Neighborhood Stabilization Program (NSP) grants to assist communities affected by the foreclosure and subprime mortgage crises.
Diamond Blade Dealer Provides Better Online Customer Experience
Joe Martino, NY - April 15, 2009 - (RealEstateRama) — Diamond Blade Dealer, a leading wholesaler of diamond blades and related masonry supplies, is pleased to announce the launch of their new website. The re-designed website aims to provide a better customer experience while maintaining the low prices the company is known for.
NYCEDC Seeks Firms to Develop $150 Million of Offsite Infrastructure for Willets Point Development...
New York, NY - April 7, 2009 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today announced two separate Requests for Qualifications (RFQs) for firms to provide construction management services and design services for the $150 million Willets Point Offsite Infrastructure Project, which will connect the 62-acre development site to existing transportation, water and sewage facilities.
Stone Source LLC Renews and Expands at 215 Park Avenue South
New York, NY - April 10, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today that Stone Source LLC, long-standing tenant at 215 Park Avenue South, has renewed and expanded its headquarters lease at the 20-story property.
Finance Commissioner Martha E. Stark and DEP Acting Commissioner Steven W. Lawitts Reach Out...
New York, NY - April 9, 2009 - (RealEstateRama) — Finance Commissioner Martha E. Stark and Acting Department of Environmental Protection Commissioner Steven Lawitts today...
