Yearly Archives: 2012

STAMFORD, CT - June 14, 2012 - (RealEstateRama) -- The Connecticut Building Congress (CBC) has honored Malkin Construction and fellow project team members with an Award of Merit in the K-12 Schools category for their work on the recently completed Stratfield Elementary School project. The award was conferred at CBC’s annual Project Team Awards Banquet on June 12

ALBANY, NY - June 14, 2012 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced the introduction of his bill in the state Legislature that would protect New Yorkers from fraudulent business practices like "robosigning" in the foreclosure process. The Attorney General’s legislation, the Foreclosure Fraud Prevention Act of 2012, will define “residential mortgage foreclosure fraud,” and impose tough new criminal penalties that include jail time for those who intentionally engage in such conduct, including managers of residential mortgage businesses who knowingly tolerate fraudulent foreclosure practices committed by their employees and agents.

Albany, NY - June 14, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the Department of Financial Services (DFS) has ordered insurers offering force-placed insurance in New York to submit proposals for new premium rates after it was found that they overcharged New York homeowners to the tune of millions of dollars. The proposals must be submitted by July 6, 2012.

NEW YORK, NY - June 14, 2012 - (RealEstateRama) -- One year after an innovative building retrofit project, the Empire State Building is ahead of plan and has exceeded its year one energy-efficiency guarantee by 5 percent, saving $2.4 million and establishing a commercial real estate model for reducing costs, maximizing return on investment, increasing real estate value, and protecting the environment.

NEW YORK, NY - June 14, 2012 - (RealEstateRama) -- RKF today announced a long-term lease with Mackenzie-Childs for 7,700 square feet of retail space lease at Solow Realty & Development Company’s 20 West 57th St. on the south block between Fifth and Sixth Avenues in the Plaza District. The American-made luxury home furnishings, tableware and gift company will relocate from its existing location at 14 West 57th St. and occupy a new retail space consisting of approximately 7,700 square feet of space. Mackenzie-Childs plans to reopen at its new location by the fourth quarter of 2012.

New York, NY - June 14, 2012 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Judiciary Committee Chair Helene Weinstein today announced the approval of legislation that would help homeowners facing foreclosure by ensuring that lenders bringing foreclosure cases have a legal right to do so. It will also resolve the growing "shadow docket" of cases which lenders refuse to advance while the cases accrue costs and fees.

NEW YORK, NY - June 14, 2012 - (RealEstateRama) -- New York City multifamily transaction volume rose 29 percent in April 2012 compared to April 2011, but year-over-year dollar volume fell by 18 percent, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.

NEW YORK CITY, NY - June 14, 2012 - (RealEstateRama) -- As part of an aggressive initiative to expand its brokerage team, Cresa New York has named Howard Cross senior vice president. Mr. Cross, an accomplished motivational speaker, is a 10-year veteran of commercial real estate, having previously served as senior managing director at Colliers International and as a broker at CBRE.

New York, NY - June 12, 2012 - (RealEstateRama) -- The New York State Senate today passed legislation to simplify the process for senior citizens and other qualifying homeowners to apply for and receive their STAR property tax exemption.

NEW YORK CITY, NY - June 12, 2012 - (RealEstateRama) -- VeriFone Systems, Inc. (VeriFone) (NYSE: PAY), the electronic payments giant, has leased the entire 32nd floor at W&H Properties’ 1400 Broadway, announces Anthony Malkin, president of Malkin Holdings, which supervises the W&H portfolio.

New York, NY - June 11, 2012 - (RealEstateRama) -- June 11, 2012 – Keller Williams NYC (www.kwnyc.com) has appointed Keri Chambers as a Licensed Real Estate Salesperson. She has worked in real estate for more than 10 years, most recently as an agent at Prudential Douglas Elliman.

NEW YORK, NY - June 8, 2012 - (RealEstateRama) -- Halstead Property Development Marketing today announced that husband and wife team Jeffrey and Kristin Krantz, known as Krantz+Krantz, have been hired as sales and marketing executives of Halstead Property Development Marketing.

NEW YORK CITY, NY - June 8, 2012 - (RealEstateRama) -- Overcoming major challenges, John Gallin & Son, Inc. has completed a complex interior renovation of the 23,000-square-foot headquarters of the International Federation of Accountants (IFAC) at 529 Fifth Avenue, reports Robert Gallin, project manager. John Gallin & Son was the general contractor

New York, NY - June 8, 2012 - (RealEstateRama) -- As a strike by doormen and porters at a 130-unit tower in Midtown reaches its one-year anniversary this week, dozens of tenants, elected officials and supporters rallied today to support the workers.

Bridgehampton, NY - June 8, 2012 - (RealEstateRama) -- After 40 years as a prominent attorney, Alan Schnurman retired last year from his senior partner position at the personal injury and insurance law firm of Zalman & Schnurman to travel the world. While he spent time skiing in Aspen and even climbing Mount Everest, he felt a strong need to go back to work.

NEW YORK, NY - June 7, 2012 - (RealEstateRama) -- A New York judge today granted Attorney General Eric T. Schneiderman's right to intervene in litigation over Bank of America's proposed $8.5 billion settlement with mortgage-bond investors over opposition by Bank of New York Mellon, the trustee for investors. Schneiderman sought to intervene in the case to protect the interests of investors not involved in structuring the agreement, because it is far less than the massive losses investors have faced and will continue to face.

New York, NY - June 7, 2012 - (RealEstateRama) -- As a strike by doormen and porters at a 130-unit tower in Midtown reaches its one-year anniversary this week, hundreds of tenants, elected officials and supporters will rally today to support the workers.

New York, NY - June 6, 2012 - (RealEstateRama) -- The New York State Senate today passed legislation, sponsored by Senator Kenneth LaValle (R-C-I, Port Jefferson), that would restore the STAR property tax rebate program. The bill (S7447) would provide $202 million in property tax relief to senior citizens in the 2012-13 school year and $1.2 billion in property tax relief to middle class families starting in 2013-14.

NEW YORK CITY, NY - June 6, 2012 - (RealEstateRama) -- Underscoring an initiative to strengthen and expand the New York office of Cresa, North America’s largest tenant representation firm, the company has appointed industry heavyweight Mark Jaccom to serve as president and managing principal of New York. He has also been named to Cresa’s Board of Directors

NEW YORK, NY - June 6, 2012 - (RealEstateRama) -- Elaine Diratz, managing director at Corcoran Sunshine Marketing Group, announced sales of over $59 million at 515 East 72 in the past 90 days. Corcoran Sunshine Marketing Group is the exclusive sales agent for 515 East 72, a luxury condominium building between York Avenue and the East River on the Upper East Side of Manhattan. Residences sold in the price range of $633,000 to $4.8 million.

BOSTON - June 6, 2012 - (RealEstateRama) -- Cresa, North America’s largest tenant representation firm, today announced the results of recent elections to its Board of Directors.

EUGENE, OR - June 5, 2012 - (RealEstateRama) -- Searching for homes around Clifton Park, New York just became monumentally simpler, thanks to the joint partnership between broker Mark Peterson and IDX, Inc. The innovative IDX solution Peterson has enabled on his website makes the online property search easier for everyone involved. Home seekers can narrow the Capital Region MLS (CRMLS) based on their needs and desires, without ever leaving the dynamic search page Peterson has established.

NEW YORK CITY, NY - June 5, 2012 - (RealEstateRama) -- Manhattan-based architectural firm Alan Gaynor + Co. has designed an 11,000-square-foot medical facility for Riverside Orthopaedic & Sports Medicine at 1790 Broadway, a landmarked pre-war property. The medical practice is scheduled to occupy its new facility in late June.

STAMFORD, CT - June 1, 2012 - (RealEstateRama) -- TrexQuant Management, an investment firm which develops and implements computer-based equity trading strategies, will establish its headquarters at Malkin Properties’ First Stamford Place in Stamford, Conn., announces Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and management agent for the three-building, 810,000-square-foot office campus

STAMFORD, CT - May 31, 2012 - (RealEstateRama) -- Vesta Partners, LLC, an international business consultancy focused on enterprise asset management, has signed a lease to relocate its headquarters to Malkin Properties’ First Stamford Place in Stamford, Conn., announces Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and management agent for the three-building, 810,000-square-foot office complex