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Yearly Archives: 2011

NEW COMPANY ANNOUNCEMENT: SKYLINE PROPERTIES NEW MIDTOWN MANHATTAN LOCATION

New York, NY - March 15, 2011 - (RealEstateRama) -- Skyline Properties is pleased to announce the opening of its new midtown Manhattan location. Our firm’s objective is to provide real estate solutions to the most prominent institutional and private property owners, individual investors and developers in the Manhattan area.

NEW ART EXHIBIT “WELL HUNG” OPENS AT +ART, NEW CONDO DEVELOPMENT IN WEST CHELSEA

New York, NY - March 15, 2011 - (RealEstateRama) -- +aRt , a new premium condominium development located at 540 West 28th Street, is pleased to announce the opening of “Well Hung,” a new art exhibition curated by Mikhail Sokovikov and Jason Aaron Wall, artists known as Mint&Serf.

APEX CONDOMINIUMS IN HISTORIC HARLEM NOW 20% SOLD AS PUBLIC RESPONDS TO UNIQUE BUYING...

MANHATTAN, NY - March 15, 2011 - (RealEstateRama) -- The renaissance of Harlem’s Frederick Douglas Boulevard corridor is on full display at Apex Condominiums where 20% of the new residences have already been sold, according to owner/developer RCG Longview and The Marketing Directors, Inc., the property’s exclusive sales and marketing agent

New York Trophy Buildings Post First Increase in Average Asking Rents Since Spring 2008

NEW YORK, NY - March 11, 2011 - (RealEstateRama) -- After two years of steady new development deliveries and increasing sublease options, supply dynamics have stabilized, rents have bottomed out and landlords have begun to scale back tenant improvement allowances at top office properties across the U.S. and Canada, according to the first-ever North American Skyline Review from Jones Lang LaSalle. As a result of these supply-demand dynamics, investor interest for this type of product has heated up, causing activity and pricing to jump and yields to compress.

Borough President Diaz calls for fair negotiations between BRAB and Local 32BJ

New York, NY - March 11, 2011 - (RealEstateRama) -- Bronx Borough President Ruben Diaz Jr. will hold a press conference to call for fair negotiations between the Bronx Realty Advisory Board (BRAB) and Local 32BJ, the union that represents over 3,000 Bronx apartment building workers at over 1,000 residential buildings in the Bronx.

AS BRONX STRIKE LOOMS, APARTMENT BUILDING WORKERS RALLY FOR A FAIR CONTRACT

New York, NY - March 11, 2011 - (RealEstateRama) -- With a potential strike less than a week away, hundreds of apartment building workers, along with elected officials and community and union supporters, rallied today in the Bronx to call on the Bronx Realty Advisory Board (BRAB), an industry association representing building owners, to sign a fair agreement before their contract expires at 12:01 A.M. on March 15th.

Maloney on bills to repeal assistance to homeowners and localities suffering in the foreclosure...

WASHINGTON, DC - March 10, 2011 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY) today introduced an amendment in the House Financial Services Committee to H.R. 839, "The HAMP Termination Act of 2011" sponsored by Patrick McHenry (R-NC), whose bill would abolish the “Housing Affordable Modification Program” which was established to assist three to four million homeowners in achieving mortgage modifications. The Maloney Amendment would extend the program to accommodate 500,000 more mortgages before it ends.

AS STRIKE LOOMS, BRONX APARTMENT BUILDING WORKERS TO RALLY

New York, NY - March 9, 2011 - (RealEstateRama) -- With a potential strike less than a week away, apartment building workers will march and rally in the Bronx to call on the Bronx Realty Advisory Board (BRAB), an industry association representing building owners, to sign a fair agreement before their contract expires at 12:01 A.M. on March 15th

SCHUMER URGES PARKVIEW APARTMENTS OWNER TO KEEP BUILDING AFFORDABLE FOR HUNDREDS OF FLATBUSH RESIDENTS

New York, NY - March 9, 2011 - (RealEstateRama) -- U.S. Senator Charles E. Schumer today urged the owner of Parkview Apartments in Flatbush, Brooklyn, to renew his Section 8 project based housing contract with the United States Department of Housing and Urban Development (HUD) or sell this property to a preservation buyer committed to maintaining the building’s affordability.

LMSPN Files Lawsuit against “Elaborate Network” of NY Scam Companies

NEW YORK, NY - March 9, 2011 - (RealEstateRama) -- The Lawyers' Committee for Civil Rights Under Law (Lawyers' Committee) and pro bono counsel Davis Polk & Wardwell LLP (Davis Polk) filed a lawsuit today on behalf of local homeowners who were scammed by for-profit loan modification companies. Today's complaint - which targets a wide-ranging conspiracy to defraud vulnerable homeowners - marks the beginning of a statewide legal campaign to pursue those who exploit New Yorkers affected by the financial crisis

Jones Lang LaSalle Selected by Shorenstein Realty Services to Lease 850 Third Avenue

NEW YORK, NY - March 9, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by Shorenstein Realty Services LP as exclusive leasing agent for 850 Third Avenue, also known as the Discovery Building. The company will be responsible for commercial leasing and marketing efforts at the 613,664-square-foot, Class A office building.

Savanna Announces 7,500-Square-Foot Office Lease at 5 Hanover Square

New York, NY - March 8, 2011 - (RealEstateRama) -- Savanna, a New York-based real estate private equity and asset management firm, today announced that Odyssey Financial Technologies has signed a 10-year lease for 7,500 square feet of commercial office space at 5 Hanover Square in Manhattan’s Financial District. The asking rents in the building start in the low $30’s per square foot. The company, a global banking software solutions provider, will occupy part of the 20th floor of the 333,000-square-foot, 25-story building, which is currently undergoing a comprehensive capital improvement plan.

MAYOR BLOOMBERG, DEPUTY MAYOR GOLDSMITH, AND ENVIRONMENTAL PROTECTION COMMISSIONER HOLLOWAY LAUNCH NEW PROGRAM TO...

March 7, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Operations Stephen Goldsmith and Department of Environmental Protection (DEP) Commissioner Cas Holloway today launched a new program to save homeowners money by proactively notifying them of potential water leaks when unusual activity or spikes in usage are detected by DEP.

Mangano Urges Resident Facing Foreclosure/Default To Utilize FREE County Counseling Services

March 4, 2011 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano would like to let resident’s know that the Nassau County Office of Housing & Homeless Service Homeownership Center offers FREE Foreclosure/Default Prevention Counseling Services to assist homeowners in Nassau County who have fallen behind on their mortgage payments due to a financial hardship

TOWN OF WALLKILL, N.Y. - March 4, 2011 - (RealEstateRama) -- Less than 25 homes remain available at Woodside Knolls, giving interested buyers limited opportunity to become a part of Orange County’s fastest-selling new residential community

208 WEST 96TH STREET COMPLETES CONSTRUCTION & LAUNCHES SALES

New York, NY - March 3, 2011 - (RealEstateRama) -- As the last finishing touches are being put in place, 208 West 96th Street, the Upper West Side’s newest contemporary boutique condominium, officially launches sales this week. This milestone marks a new and exciting sales phase for Halstead Property Development Marketing, LLC, the exclusive selling agent, who is poised to introduce the building, featuring modern architecture and meticulously thought out floor plans with a distinctive metal façade and is comprised of nine move-in ready three-bedroom, three-bath full floor homes.

Maloney statement on FHA Refinance Amendment

WASHINGTON, DC - March 3, 2011 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY) today introduced an amendment to H.R. 830, "FHA Refinance Program Termination Act", sponsored by Rep Robert J. Dold (R-IL), to require 500,000 additional underwater mortgages be refinanced by the Federal Housing Administration before the refinance program is terminated. Maloney made the following statement in introducing the amendment today in a markup on the bill before the House Financial Services Committee:

BAKER RESIDENTIAL TO HIGHLIGHT WOODSIDE KNOLLS LIMITED INVENTORY OF QUICK DELIVERY HOMES ON SATURDAY,...

TOWN OF WALLKILL, N.Y. - March 3, 2011 - (RealEstateRama) -- Less than 25 homes remain available at Woodside Knolls, giving interested buyers limited opportunity to become a part of Orange County’s fastest-selling new residential community

Full-service brokerage firm adopts IDX Broker software for Rochester real estate search page and...

EUGENE, OR - March 2, 2011 - (RealEstateRama) -- IDX Broker software has been uploaded onto the comprehensive real estate website of Broker Christopher Thomas, making finding a home in the Rochester, New York area monumentally easier by syncing a search results page with thousands of New York State Alliance (NYSAM) listings. Instantly, home seekers can experience an unprecedented level of freedom and control over their respective searches by utilizing the immensely helpful tool IDX Broker and Thomas have integrated into the online real estate search for New 2 U Homes

Jones Lang LaSalle Selected by William Macklowe Company, ING Clarion Partners to Lease 636...

NEW YORK, NY - March 1, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by William Macklowe Company and ING Clarion Partners as exclusive leasing agent for 636 Avenue of the Americas. Jones Lang LaSalle will be responsible for leasing and marketing efforts at the 90,000-square-foot, Class A office building recently acquired by a joint venture between WMC and ING Clarion.

Hinchey Joins New Youth Build Graduates to Celebrate Completion of Habitat for Humanity Project...

Newburgh, NY - February 28, 2011 - (RealEstateRama) -- Congressman Maurice Hinchey (D-NY) today congratulated six students upon their graduation from the Newburgh Youth Build, joining them to celebrate completion of a year long renovation project, which transformed a blighted building at 6 Federal Street in Newburgh into a three-unit transitional housing facility for low-income Habitat for Humanity families. Hinchey secured $210,000 in the fiscal year 2009 budget for the program designed to engage young people from 17 to 24 years of age in a GED completion program and impart skills needed to obtain future employment in the trades. Youth Build was a joint venture of Habitat Newburgh, Best Resources, and the Laborers’ Local #17.

47 DEAN STREET, NEW DEVELOPMENT IN BOERUM HILL IS 60% SOLD IN JUST THREE...

New York, NY - February 28, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that 60% of units are under contract at 47 Dean Street, a premium condominium development located at 47 Dean Street in Boerum Hill, Brooklyn

MOTION FILED IN NYS SUPREME COURT TO BLOCK SPRING STREET SANITATION “OVERSIZED”...

New York City, NY - February 28, 2011 - (RealEstateRama) -- The Tribeca Community Association, the Community Sanitation Steering Committee, downtown residents, business and commercial property owners have filed a motion in New York State Supreme Court seeking to halt imminent construction activity at 353 Spring Street to build a “Mega” Three District Sanitation Garage and Salt Shed at Spring Street next to the Holland Tunnel in Hudson Square at a cost of nearly $500 MILLION dollars.

NYU’S FURMAN CENTER NEW YORK CITY QUARTERLY HOUSING REPORT FINDS MARKET STILL SHOWING SIGNS...

New York, NY - February 25, 2011 - (RealEstateRama) -- The Furman Center for Real Estate and Urban Policy’s Quarterly Housing Update analyzes six key indicators of housing market performance, based on a variety of administrative data sources

Jones Lang LaSalle Hires Seasoned Industrial Real Estate Professionals to Strengthen Client Services in...

MELVILLE, NY - February 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle has hired four seasoned real estate professionals who will be based out of the firm’s Long Island office. Reid Berch, Thomas DiMicelli and Douglas Omstrom will join the company as senior vice presidents and Joseph Lagano II will join as an associate. They will provide a wide range of industrial real estate services — including property sales, tenant representation and agency leasing — throughout Nassau and Suffock counties, and in Queens