Yearly Archives: 2011

New York, NY - February 24, 2011 - (RealEstateRama) -- As their contract’s expiration approaches, Bronx building workers voted Wednesday to authorize a strike, if necessary, to protect good jobs throughout the borough. Failure to reach a new contract agreement by the March 15th deadline could lead to a strike of more than 3,000 Bronx apartment building workers at over 1,000 residential buildings

New York, NY - February 23, 2011 - (RealEstateRama) -- The New York City Department of Housing Preservation and Development (HPD) and the Community Preservation Corporation (CPC) announced the launch today of NYC Green House, a broad-based knowledge source and online resource guide for multifamily property owners who want to save money by going green

NEW YORK, NY - February 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Frank Doyle has been promoted to vice chairman of its New York brokerage operation.

NEW YORK, NY - February 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced its New York Capital Markets team has been chosen to market an iconic luxury rental building known as 737 Park Avenue for sale in New York City. This 20-story, pre-war multifamily building is located at the crest of Lenox Hill, just two blocks from Central Park in Manhattan. The property, owned by Katz 737 Corporation, has been in the same family for 65 years.

New York, NY - February 23, 2011 - (RealEstateRama) -- Apartment building workers in the Bronx will vote today to authorize their bargaining committee to call a strike if one becomes necessary. Failure to reach a new contract by March 15 could trigger a strike of more than 3,000 apartment building workers at over 1,000 residential buildings throughout the borough.

February 22, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Operations Stephen Goldsmith and Buildings Commissioner Robert LiMandri today announced the use of Quick Response (QR) codes on all Department of Buildings permits, providing New Yorkers with instant access to information related to buildings and construction sites throughout New York City. Similar to how a barcode provides information through a scanner, QR codes provide smartphone users with immediate access to data by scanning the displayed code with their device.

NEW YORK, NY - February 22, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed four new direct leases and two renewal transactions for William Macklowe Company at 400 Madison Avenue in Manhattan, with all six deals totaling 18,589 square feet. The new leases include Edge Technology Group LLC signing for 3,740 square feet, Atlantic-Pacific Capital Inc. taking 3,414 square feet, Equator LLC leasing 2,706 square feet and Healthcare Value Capital LLC signing for 2,700 square feet. In addition, Radius Ventures LLC renewed its 3,865-square-foot lease, and Security Asset Management Inc. renewed its lease for 2,164 square feet at the 200,000-square-foot office building.

NEW YORK, NY - February 18, 2011 - (RealEstateRama) -- City Comptroller John C. Liu stated the following in response to inquiries about his reaction to Acting Comptroller of the Currency John Walsh’s testimony to the Senate Banking Committee today that regulators are finalizing sanctions against banks that violate foreclosure laws and regulations

NEW YORK, NY - February 17, 2011 - (RealEstateRama) -- The owner of 27 East 62nd Street in Manhattan has prevailed in obtaining possession of a valuable rent stabilized apartment by establishing that the tenant primarily lived at his homes in Long Island and Florida. The case was decided by Judge Joseph Capella in a Housing Court case in the Civil Court of the City of New York.

TOWN OF WALLKILL, N.Y. - February 17, 2011 - (RealEstateRama) -- A President’s Day Open House will be held on February, 21st for prospects interested in purchasing one of the limited number of homes still available at Woodside Knolls, Orange County’s fastest-selling new residential community

WASHINGTON, DC - February 17, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging the owner and management company of an apartment complex in the Town of Oyster Bay in Long Island, New York with violating the Fair Housing Act for allegedly denying an accessible parking space to a resident with disabilities. Additionally, HUD’s charge alleges that 4 Anchorage Lane Owners, Inc. and Total Community Management Corp. refused to modify its parking policy to accommodate the resident’s request.

New York, NY - February 17, 2011 - (RealEstateRama) -- Apartment building workers have rejected a contract proposal from the Bronx Realty Advisory Board (BRAB), a real estate industry association representing Bronx building owners, saying management’s demands to cut healthcare and retirement are unacceptable.

Washington, D.C. - February 16, 2011 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand today announced that the first piece of legislation she is introducing in the 112th Congress is a bill to provide property tax relief for more than 1 million New York homeowners. Senator Gillibrand’s legislation would enable all New Yorkers that pay property taxes to deduct the full amount of money they pay from their federal income taxes. Currently, only homeowners that itemize their federal taxes can deduct the cost of property taxes. Senator Gillibrand’s legislation would make property taxes fully deductable for individuals who do not itemize their federal taxes, providing additional tax relief for up to 30 million Americans, including approximately 1.1 million New Yorkers. The Homeowner Tax Fairness Act would save New York homeowners approximately $1 billion.

New York, NY - February 16, 2011 - (RealEstateRama) -- Kent M. Swig, President of Swig Equities, LLC, is pleased to announce that the firm has purchased clean, renewable energy for 80% of its commercial office buildings in Manhattan’s FiDi (Financial District) neighborhood. Swig Equities signed a one-year contract with Green Mountain Energy Company for the company to provide green electricity from sustainable sources

NEW YORK, NY - February 16, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Shawna Menifee has joined the firm as an executive vice president with its New York operations. She will be responsible for cultivating new business relationships throughout the United States with an emphasis on the New York metropolitan area.

Brooklyn, NY - February 16, 2011 - (RealEstateRama) -- An open forum community meeting regarding the creation landmark designation will be held at 6:30 on February 16th at Bedford Stuyvesant Restoration Corporation. Bedford Stuyvesant Restoration Corporation is located at 1368 Fulton Street

New York, NY - February 14, 2011 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand, joined by a Staten Island family struggling with high property taxes and the financial difficulties of raising a child with special needs, today announced that the first piece of legislation she is introducing in the 112th Congress is a bill to provide property tax relief for 1.1 million New York homeowners, including nearly 300,000 in New York City. Senator Gillibrand’s legislation would enable all New Yorkers that pay property taxes to deduct the full amount of money they pay from their federal income taxes. Currently, only homeowners that itemize their federal taxes can deduct the cost of property taxes

New York, NY - February 14, 2011 - (RealEstateRama) -- The developers of Ellington on the Park, one of Harlem’s most successful new cooperative developments, have reported increased sales activity at the building since the beginning of 2011. Three homes have sold and closed in the past month, with marked interest in the property’s 16 remaining one-, two- and three-bedroom residences.

Albany, NY - February 10, 2011 - (RealEstateRama) -- Assemblyman Darryl C. Towns will be appointed to serve as Commissioner and C.E.O. of New York State Homes and Community Renewal (HCR). Under the consolidation of New York state housing programs the Commissioner also serves as chief executive of the State’s major housing and community renewal agencies, including the Housing Finance Agency and State of New York Mortgage Agency.

February 9, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg today unveiled the development plan for Hunter’s Point South, the largest new affordable housing complex to be built in New York City since the 1970s. A development team, consisting of Phipps Houses, Related Companies and Monadnock Construction, has been selected through a competitive process to build the residential portion of the first phase of the Queens waterfront complex, which includes two mixed-use buildings comprising more than 900 housing units and roughly 20,000 square feet of new retail space

February 8, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that DAVID RAMNAUTH, the former president of the Queens mortgage brokerage GuyAmerican Funding Corp. ("GuyAmerican"), was sentenced today to 30 months in prison for his role in a massive mortgage fraud scheme in which over $23 million in fraudulent loans were processed in connection with over 44 properties in the New York metropolitan area. RAMNAUTH pled guilty to his role in the mortgage fraud scheme in August 2010

NEW YORK, NY - February 8, 2011 - (RealEstateRama) -- The Federal Reserve Bank of New York today released Subprime Foreclosures and the 2005 Bankruptcy Reform, the latest article in its Economic Policy Review series from the Research and Statistics Group.

New York, NY - February 8, 2011 - (RealEstateRama) -- The New York State Senate today passed three mandate relief bills that would give local governments more authority and flexibility and help save taxpayer dollars. “As the Senate works to enact a property tax cap, it’s important that we also pass mandate relief measures to give municipalities the ability to allocate resources on community priorities, rather than to address state mandates that may not be needed,” Senate Majority Leader Dean Skelos said. “The bills we passed today are simple, common sense legislation to save money.

MILFORD, CT - February 8, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of John O’Brien as Wholesale Account Executive. Mr. O’Brien, an experienced mortgage professional with many years of successful sales leadership in start-up and territory expansion, has been hired to develop new business relationships and educate, train and support high quality mortgage brokers in their respective markets. In his new role, Mr. O’Brien will be focused on building broker relationships and servicing brokers throughout the New York marketplace.

New York, NY - February 8, 2011 - (RealEstateRama) -- Negotiations for a new, multi-year contract began today between the Bronx Realty Advisory Board (BRAB), a real estate industry association representing most Bronx building owners, independent building owners and managers outside of the BRAB and 32BJ SEIU, the largest private sector union in New York. The contracts, which expire Tuesday, March 15th, cover more than 3,000 building superintendents, janitors, handypersons, porters, firepersons, doormen, elevator operators and garbage handlers working at more than 1,000 apartment buildings throughout the Bronx