Yearly Archives: 2011

New York, NY - March 30, 2011 - (RealEstateRama) -- Developers of 88 Morningside, a premier new development located on the corner of Morningside Avenue and West 122nd Street, has partnered with BoConcept, Denmark’s cutting-edge furniture chain, to create a special model with a “media room” -- an extra room in a one-bedroom apartment that some might refer to as a “man cave.”

NEW YORK, NY - March 29, 2011 - (RealEstateRama) -- Bed Bug Super Dogs, an independent, NESDCA-certified bed bug detection service for the real estate industry, has initiated a “Containment Inspection Program” for New York City residential property owners and managers, who now face increased regulations on the inspection and treatment of bed bugs.

New York, NY - March 29, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced the opening of a new model apartment at Windows on 123, a new residential development in Harlem.

New York, NY - March 29, 2011 - (RealEstateRama) -- Kent M. Swig, President of Swig Equities, LLC, is pleased to announce that the firm has completed 10 leasing transactions in its FiDi (Financial District) commercial office portfolio thus far in 2011, totaling over 43,000 square feet.

NEW YORK, NY - March 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle is marketing a $30.5 million defaulted loan for sale. The loan, which is collateralized by 4,950-square-foot land development site at 276-280 Third Avenue in the Gramercy Park section of Manhattan, is scheduled to be sold at a foreclosure auction on March 30.

NEW YORK, NY - March 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced today that it has hired Wall Street veteran Kellogg Gaines to the firm’s Americas Capital Markets business as part of firm’s overall expansion of its dedicated Real Estate Investment Banking expertise. Gaines joins as a Managing Director in the New York office where he will work with Co-Heads and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody to lead the firm’s debt and equity sourcing and loan origination business in the New York region.

New York, NY - March 25, 2011 - (RealEstateRama) -- Bronx apartment building workers late Thursday ratified a four-year agreement that provides a 6% wage increase over the life of the contract, fully employer-paid family health care coverage, pensions and protects all other benefits.

NEW YORK, NY - March 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced Eric Herlands, Jason Gold, Joseph Sitt and Stephen Shapiro have joined the firm in the last several months as part of the firm’s New York City Capital Markets business as its investment sales team expands. The foursome is working under the direction of Vice Chairmen Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham. Eric Herlands joins the firm as a Senior Vice President, while Jason Gold, Joseph Sitt and Stephen Shapiro each take on the role of Vice President.

New York, NY - March 24, 2011 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano today submitted a revised financial plan for Fiscal Year 2011 that protect homeowners and employers from a 21.5% property tax increase. The plan includes reductions through layoffs, the elimination of vacant positions, furloughs and by freezing wages and longevity pay

HAVERSTRAW, NY - March 24, 2011 - (RealEstateRama) --– Village, County and State officials joined today with representatives from The Community Preservation Corporation (CPC), the Rockland Housing Action Coalition (RHAC) and invited guests to celebrate the completion of Murphy Manor Apartments, the first quality-built affordable housing for families in Haverstraw.

New York, NY - March 24, 2011 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) issued a Request for Expressions of Interest (RFEI) for the purchase or ground lease, and redevelopment of the Corn Exchange Building in East Harlem. The building, located on the northwest corner of the intersection of Park Avenue and East 125th Street, is a city landmark built in 1883. The lot is approximately 4,500 square feet and is zoned for residential and commercial uses.

New York, NY - March 24, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg today named Mathew M. Wambua Commissioner of the Department of Housing Preservation and Development (HPD). Wambua will replace Rafael E. Cestero, who will leave public service at the end of March as previously announced. Wambua will become Commissioner on April 4th. Mayor Bloomberg made the announcement in the Blue Room of City Hall, where he was joined by Deputy Mayor for Economic Development Robert K. Steel, New York City Housing Development Corporation President Marc Jahr, Cestero and Wambua.

NEW YORK, NY - March 24, 2011 - (RealEstateRama) -- Today, U.S. Representatives Carolyn Maloney (D-Manhattan, Queens) and Charles Rangel (D-Manhattan & the Bronx); Mike Hickey, Executive Director of the Center for New York City Neighborhoods; Willie Rapfogel, CEO of the Metropolitan Council on Jewish Poverty; Mitchell Kent of the NYC Department of Consumer Affairs; Bisoondaye Maharaj, a struggling Queens homeowner who has benefitted from federal mortgage programs; and housing advocate Seema Agnani, Executive Director of the Chhaya Community Development Corporation, gathered at City Hall to release a report detailing the impact on New York City of Republican efforts to terminate federal foreclosure-avoidance programs. At a time when our economy and real estate market remain fragile, Republicans have offered no alternative plans to stem the foreclosure crisis.

March 23, 2011 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer and Congressman Maurice Hinchey announced their new efforts to ensure that the Federal Emergency Management Agency (FEMA) does not force Southern Tier homeowners to spend thousands of dollars on unnecessary flood insurance through flawed and inaccurate maps that fail to reflect communities’ efforts and infrastructure to mitigate potential flooding.

NEW YORK, NY - March 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a 20,362-square-foot renewal transaction for Peppercom Inc. at 470 Park Avenue South. The strategic communications agency signed a 15-year lease renewal at the Class A, 290,000-square-foot building.

NEW YORK, NY - March 21, 2011 - (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 51% of units are now closed or under contract at 2280 FDB, a 12-story, 89-unit residential development located in the heart of Harlem on Fredrick Douglass Boulevard between 122nd and 123rd Streets.

BRONX, NY - March 18, 2011 - (RealEstateRama) -- State Senator Jeff Klein (D- Bronx/ Westchester) and Senator Gustavo Rivera (D-Bronx) joined Foreclosure Prevention Providers at the Bronx County Courthouse on Friday to call for the renewal of funds for the Foreclosure Prevention Services Program in the 2012 Executive Budget.

March 17, 2011 - (RealEstateRama) -- Due to the change in accounting rules applied by the Nassau Interim Finance Authority (NIFA), Nassau County Executive Edward P. Mangano today announced major budget cuts for 2011 that protect homeowners and employers from a 21.5% property tax increase. The County Executive detailed over $121.2 million in budget cuts that include $60.5 million in employee-related spending reductions, $40 million in across the board budget cuts and $20 million in lower tax refund liability than projected by NIFA

NEW YORK, NY - March 17, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a sublease transaction for Fred Alger Management Inc. at 360 Park Avenue South with Reed Elsevier. Alger, a premier investment management firm, signed a 10-year sublease for 46,000 square feet at the 442,800-square-foot, Class A office building

New York, NY - March 17, 2011 - (RealEstateRama) -- Azure, the premier new residential building on the Upper East Side, today announced the release of the Tower Residences featuring corner residences with floor-to-ceiling windows and dramatic river and city views.

March 16, 2011 - (RealEstateRama) -- "The first of three bills before me today is Introductory Number 26-A, sponsored by Council Members Vann, Comrie, Brewer, James, Mark-Viverito, Arroyo, Williams, Gennaro, Ferreras, Lander, Dickens, Dilan, Gentile, Jackson, Greenfield, Barron, Sanders, Rivera, Levin, Foster, Seabrook, Rose, Eugene, Koslowitz, Chin, Gonzalez, Nelson, Reyna, Rodriguez, Van Bramer, Mealy, Mendez, Wills, Crowley, Palma, Cabrera, Vacca, Ulrich, Koo and Koppell. Introductory Number 26-A extends the City's authority to sell liens on delinquent tax, water, and property related charges until 2014

New York, NY - March 16, 2011 - (RealEstateRama) -- Halstead Property Development Marketing and West 147th Street Associates LLC today announced that 60% of the units are closed or under contract at PS90, a premier residential development in Harlem.

NEW YORK, NY - March 15, 2011 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Assembly Housing Committee Chairman Vito Lopez were joined by members of the Assembly Majority, David R. Jones the President of the Community Service Society of New York, affordable housing advocates and rent-regulated tenants to release a groundbreaking new report documenting rent-stabilized housing’s critical role in protecting millions of working New Yorkers and the urgent need to extend rent-stabilization laws while closing the loopholes that are costing New York thousands of affordable apartments every year.

Reston, Virginia - March 15, 2011 - (RealEstateRama) -- The Supreme Court of the State of New York, County of Bronx on March 3 held that the mortgage document granted broad powers to MERS to act as an agent for the lender, including the power to foreclose on the loan and to assign it.

Bronx, NY - March 15, 2011 - (RealEstateRama) -- 32BJ and the Bronx Realty Advisory Board (BRAB) reached a tentative four-year agreement this evening for more than 3,000 apartment building workers that provides annual wage increases while maintaining employer-paid family health care and secured pension benefits. The agreement narrowly averted a strike, which would have affected 250,000 Bronx residents throughout the borough including Riverdale and the South Bronx.