Large NYC Apartments More Popular Than Ever

New York, NY - March 6, 2012 - (RealEstateRama) -- Whereas real estate condo developers in the past focused on apartments for singles and couples, they are lately rethinking their strategies and changing layouts to create three-, four- and even five-bedroom apartments. According to one recent report, sales of large New York City condos exploded in the past five years, with three-bedroom apartment sales quadrupling and four-bedroom apartments tripling.

SIOR PRESIDENT GEOFFREY KREUSSER URGES GOVERNMENT TO ENERGIZE PRIVATE SECTOR BUSINESS

NEW YORK, N.Y. - February 7, 2012 - (RealEstateRama) -- “The annual joint meeting of the Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) and the New York and New Jersey Chapters of the Society of Industrial and Office Realtors (SIOR) at the New York Athletic Club was a tremendous success with over 100 people in attendance,” stated David A. Simon, President of IOREBA and Cassidy Turley Managing Principal of New Jersey. “Our two speakers provided our members and guests with an interesting and informative overview of the commercial real estate market from a national and local perspective.”

New York State November 2011 home sales up slightly from November 2010

Albany, NY - December 28, 2011 - (RealEstateRama) -- New York State November home sales increased nearly 3 percent from last November, while the median sales price dipped slightly compared to November 2010, according to preliminary singlefamily sales data accumulated by the New York State Association of REALTORS. The number of homes sold in November dropped from October 2011 as the market began a typical seasonal slowdown

New York Start-Up Firms Ride Tech Boom, Become Biggest Venture Capital Deal Generator Outside...

NEW YORK, NY - October 25, 2011 - (RealEstateRama) -- Although not the main driver of Manhattan’s office market recovery that began in mid-2010, Jones Lang LaSalle’s Report found that the resurgence of the high-tech industry has made a substantial contribution. After a significant decrease in 2009 caused by the economic downturn, high-tech employment has been consistently increasing every quarter and creating new office space demand. The growth has been concentrated in Midtown South, which has the lowest vacancy rate in Manhattan at 6.7 percent.

Toren, Brooklyn’s Iconic Condo Tower, Is Now 75 Percent Sold

NEW YORK, NY - June 28, 2011 - (RealEstateRama) -- BFC Partners and Halstead Property Development Marketing today announced that 75 percent of the available homes at Toren, Brooklyn’s iconic new condominium tower, have been sold.

SL Green Realty Corp. Announces $500 Million Mortgage Refinancing of 919 Third Avenue

New York, NY - June 8, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced that it has successfully refinanced 919 Third Avenue, which it owns in a joint venture partnership with New York State Teachers Retirement System (NYSTRS). The new 12-year, $500 million mortgage, was originated jointly by Metropolitan Life Insurance Company and Pacific Life Insurance Company.

THE MARKETING DIRECTORS LEADS ARIAS PARK SLOPE TO MORE THAN 50% LEASED IN FIRST...

BROOKLYN, NY - June 6, 2011 - (RealEstateRama) -- The Marketing Directors, Inc. is executing one of the most successful leasing programs in today’s market at Arias Park Slope, the upscale collection of 95 rental homes located in Brooklyn’s Park Slope

NYU’S FURMAN CENTER REPORT FINDS CITYWIDE HOME PRICES DECLINE BUT FEWER FORECLOSURES

New York, NY - May 19, 2011 - (RealEstateRama) -- NYU’s Furman Center for Real Estate and Urban Policy’s Quarterly Housing Update reports that housing prices declined between the last quarter of 2010 and the first quarter of 2011 in every borough except Queens, where prices remained essentially flat. Manhattan home prices declined 1.7 percent in the first quarter of 2011, but were still 2.5 percent higher than in the first quarter of 2010, and only 11 percent lower than in the peak of the market. Home values in the Bronx and Queens have each depreciated by almost a third since their peaks in the second quarter of 2007 and fourth quarter of 2006, respectively.

FIRST RETAILER PREPARES TO OPEN IN GROUND-FLOOR SPACE AT ARIAS PARK SLOPE IN BROOKLYN

BROOKLYN, NY - May 5, 2011 - (RealEstateRama) -- FasTracKids will soon become the first retailer to open for business at Arias Park Slope as the early childhood learning center is gearing up for an anticipated July 1st grand opening at the new luxury rental building in Brooklyn’s Park Slope neighborhood.

THE MARKETING DIRECTORS LANDS FOUR NEW BUILDINGS IN MANHATTAN, BROOKLYN AND STATEN ISLAND

NEW YORK, NY - April 6, 2011 - (RealEstateRama) -- With a 30-year track record of success and such current notable sales achievements as The Sheffield and Linden 78 on Manhattan’s Upper West Side, The Marketing Directors, Inc. has been brought on to oversee the marketing, sales and leasing of four new residential buildings throughout New York City.

BAKER RESIDENTIAL RELEASES FINAL HOUSING PHASE AT WOODSIDE KNOLLS, HOMES TO BE HIGHLIGHTED AT...

TOWN OF WALLKILL, N.Y. - April 6, 2011 - (RealEstateRama) -- Baker Residential will welcome interested homebuyers to Woodside Knolls on Saturday, April 16th to participate in one of the final “Homebuyer Seminars” to be offered at Orange County’s fastest-selling new residential community

Jones Lang LaSalle Reports Manhattan Office Market Saw Uneven Recovery in First Quarter of...

NEW YORK, NY - April 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that average asking rental rates rose slightly throughout much of Manhattan's office market in the first quarter of 2011. While Midtown South recorded a significant drop in vacancy rates in all property classes, the Midtown submarket posted the first increase in Class A vacancy rates in more than a year.

BROOKLYN’S NEWEST UPSCALE RENTAL BUILDING NOW OPEN IN HISTORIC PARK SLOPE

BROOKLYN, NY - April 4, 2011 - (RealEstateRama) -- Park Slope’s fast-emerging Fourth Avenue corridor has taken another significant step forward with the grand opening of Arias, a new ultra-chic rental building located in the heart of this vibrant Brooklyn neighborhood.

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

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

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

Jones Lang LaSalle Completes 6 Deals Totaling 18,589 SF at 400 Madison Avenue for...

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.

GREAT BUYING OPPORTUNITIES AT WOODSIDE KNOLLS WILL BE HIGHLIGHTED AT PRESIDENT’S DAY OPEN HOUSE...

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

ORANGE COUNTY, N.Y. RENTAL COMMUNITY TAKES SHAPE

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.

Bankrate: Mortgage Rates Hold Steady

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

Jones Lang LaSalle Reports Improved Fundamentals in Fairfield County, Westchester County in Fourth Quarter...

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.

Jones Lang LaSalle Reports Turnaround for Midtown Trophy Buildings in its Winter 2010 Skyline...

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

Jones Lang LaSalle Reports Long Island Office Market Continued to See Some Softening in...

NEW YORK, NY - January 11, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced the Long Island office market continued to experience a slight softening throughout 2010. With numerous leasing opportunities available, space users showed heavy interest in top-quality spaces throughout Long Island, helping to fuel a rise in availabilities among Class B properties

SL Green Acquires Remaining 49.9% Ownership Interest in 521 Fifth Avenue

New York, NY - January 10, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced it has purchased City Investment Fund (CIF)'s 49.9% interest in 521 Fifth Avenue, thereby assuming full ownership of the building. The transaction values the consolidated interests at $245.7 million or approximately $502 per square foot.

Jones Lang LaSalle Reports Manhattan to End Year With Some Improvement in Vacancy Rates,...

NEW YORK, NY - January 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that vacancy rates fell in all property classes in the Midtown and Midtown South office submarkets during 2010. At the same time, Lower Manhattan posted a slight increase in vacancy rates in all property classes