Yearly Archives: 2011

New York, N.Y. - February 7, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District, has started its final phase of sales with only five units remaining

New York, NY - February 7, 2011 - (RealEstateRama) -- Mesa West Capital has provided the new owners of 5 Hanover Square in Lower Manhattan with $47 million in first mortgage financing secured by the 25-story, 333,000 square-foot office building, according to Mesa West Principal Raphael Fishbach who originated the financing

New Yor, NY - February 4, 2011 - (RealEstateRama) -- Good morning, and thank you to our witnesses for appearing today at this hearing of the Congressional Oversight Panel on commercial real estate lending. The Panel first explored issues around commercial real estate at our field hearings in New York City in 2009 and Atlanta in January of last year

MIDDLETOWN, N.Y. - February 4, 2011 - (RealEstateRama) -- The Point at Sutton Hill, the newest phase of the Sutton Hill rental community in the Orange County town of Middletown, is quickly taking shape with a flurry of development and leasing activity being reported.

Washington, DC - February 3, 2011 - (RealEstateRama) -- Congressman Eliot Engel announced a victory for co-op owners when the Federal Housing Finance Agency (FHFA) reversed itself on a plan to ban private transfer fees on real estate sales, an action which would have penalized co-op owners

NEW YORK, N.Y. - February 3, 2011 - (RealEstateRama) -- Mortgage rates showed little movement this week, with the benchmark conforming 30-year fixed mortgage rate inching higher to 5.02 percent according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points

New York, NY - February 1, 2011 - (RealEstateRama) -- The New York State Senate today passed property tax relief legislation (S.2706) that would place a cap on the growth of school property taxes at two percent or the Consumer Price Index (CPI), whichever is less. If enacted, New York would become the 44th state to cap local property taxes. In addition, the Senate approved two measures related to providing mandate relief to school districts and local governments.

New York, NY - January 31, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG), New York City's largest owner of commercial office properties, and The Moinian Group, headed by national developer Joseph Moinian, today announced they have completed the recapitalization of 3 Columbus Circle - a Midtown Manhattan office tower currently in the final stage of a comprehensive building wide redevelopment

NEW YORK, January 31, 2010 — Jones Lang LaSalle has completed a new direct lease for building owner 650 Fifth Avenue Co. with Cortview Capital Securities Inc. at 650 Fifth Avenue. The broker-dealer signed a five-year lease for 10,793 square feet at the Class A, 395,000-square-foot office building.

NEW YORK, NY - January 31, 2011 - (RealEstateRama) -- Paula Del Nunzio, Senior Vice President, Managing Director of Brown Harris Stevens, represented the seller of the Duke-Semans Mansion at 1009 Fifth Avenue, which sold for $44 million in 2010, the highest residential townhouse sale of 2010, and a 10 percent increase over the $40 million the owners paid in 2006.

New York, NY - January 28, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Environmental Protection Commissioner Cas Holloway, Sustainability Director David Bragdon and Health Commissioner Dr. Thomas Farley today proposed new rules to reduce emissions from the approximately 10,000 boilers in New York City that burn grades Numbers 4 and 6 oil, the dirtiest heating oil types available in New York.

EUGENE, OR - January 27, 2011 - (RealEstateRama) -- The New York home search just got easier, thanks to the partnership between IDX, Inc. and Geoffrey Green. The transformation of The Green Team website Green hosts is possible with the dynamic IDX Broker software he now supports on his search page. Greater Hudson Valley MLS (GHVMLS) listings are even synced with his website, displaying thousands of properties effortlessly. Now, potential buyers can experience a thorough property search online, without leaving the comfort of their own home or the convenience of the website of Green.

NEW YORK, NY - January 25, 2011 - (RealEstateRama) -- Paul Formichelli, senior vice president, with Jones Lang LaSalle’s New York office was elected earlier this month as president of the New York chapter of NAIOP.

NEW YORK, NY - January 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Jonathan Tootell, Daniel Turkewitz and Diana Biasiotti have joined the firm’s New York office. The three senior-level brokers will be responsible for new business development, and tenant and agency leasing services throughout the New York metropolitan area.

BUFFALO, NY - January 24, 2011 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that Steven Carlson, 52, of Jamestown, New York, pled guilty before U.S. District Judge Richard J. Arcara, to evading the payment of taxes and mortgage fraud. The charges carry a maximum sentence of 35 years in prison, a fine of $1,000,000, or both

NEW YORK, NY - January 24, 2011 - (RealEstateRama) -- Max Spann Real Estate & Auction Co., the prominent and well established real estate auction house that has seen its business grow nationally from its base in the Northeast and Mid-Atlantic region, is opening an office in New York City

New York, NY - January 21, 2011 - (RealEstateRama) -- “Throughout his career, both in City government and in the nonprofit sector, Rafael has embodied the best of what public service can be. During his five years at the City’s Department of Housing Preservation and Development, he put his unique brand of innovation and pragmatism to work in advancing our mission to strengthen our neighborhoods and create a more affordable and sustainable city for all New Yorkers.

WASHINGTON, D.C. - January 20, 2011 - (RealEstateRama) -- U.S. Senator Charles E. Schumer announced that the U.S. Department of Housing and Urban Development’s Office of Healthy Homes and Lead Hazard Control Program (OHHLHC) has awarded $1,749,639 to the County of Westchester to conduct education and outreach activities to create an awareness of lead hazard control and lead poisoning prevention.

STAMFORD, CT - January 20, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that the recovery of the Fairfield County, Conn., commercial office market picked up steam in the final quarter of 2010. Meanwhile, job growth continued to fuel improving fundamentals in Westchester County, N.Y. Strong leasing activity in both office markets helped stabilize overall average asking rental rates and fuel overall vacancy rate decreases.

JERSEY CITY, N.J. - January 20, 2011 - (RealEstateRama) -- The developers of Soleil Lofts, a converted residential development in the South Journal Square area of Jersey City, today unveiled its cutting edge technology systems that will provide a high level of convenience and security to all residents.

Jersey City, NJ - January 19, 2011 - (RealEstateRama) -- SILVERMAN, the developers of Hamilton Square, a premier adaptive reuse and new construction development in the Hamilton Park neighborhood of Jersey City, today announced that a new grocery store committed to local, organic, and conscientious consumerism, Downtown Co-op (http://www.downtowncoop.com/) is now open.

NEW YORK, NY - January 18, 2011 - (RealEstateRama) -- Jones Lang LaSalle reported in its winter 2010 Skyline Review that Midtown’s trophy office buildings posted the first increase in average asking rental rates since spring 2008. In the second half of 2010, the submarket’s high-end buildings saw rents grow by 6.8 percent compared with a 1.2 percent drop in rents in the first half of the year. Rates for Midtown’s highest-quality spaces increased to $77.65 per square foot in winter 2010 from $72.71 per square foot six months earlier

New York, N.Y. - January 18, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that closings and move-ins have begun at Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District.

New Yorker, NY - January 17, 2011 - (RealEstateRama) -- As New Yorkers are being blasted with freezing temperatures and record snowfall, U.S. Senator Charles E. Schumer today announced the Department of Health and Human Services (HHS) is releasing funds provided by Congress to help Long Island seniors and low income families deal with heating bills this winter. As part of the Low Income Home Energy Assistance Program’s (LIHEAP) block grants, New York State is set to receive a total of $473 million. In 2010, 25,297 households in Nassau and 60,527 households in Suffolk received the benefit, and similar numbers of households are expected to receive the benefit this year. Due to the recession and the recent bitter cold spell and winter weather that has gripped New York, Schumer today said that releasing these resources is essential for Long Island families and seniors who struggle to heat their homes.

New York, NY - January 17, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, City Council Speaker Christine Quinn and Department of Housing Preservation and Development Commissioner Rafael E. Cestero today launched the Proactive Preservation Initiative, a new, aggressive approach to identify and address deteriorating physical conditions in multifamily buildings throughout the City before they reach a state that endangers the health and safety of residents and threatens the quality of the surrounding neighborhood.