New York RealEstateRama

Washington, DC - April 27, 2011 - (RealEstateRama) -- Congressman Eliot Engel announced the awarding of $1,365,890 grant from the U.S. Department of Housing and Urban Development for Greyston Health Services. The grant allows GHS to continue providing permanent housing and supportive services to the homeless and marginally homeless youth with HIV/AIDS in the Yonkers

New York, NY - April 26, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, City Council Speaker Christine C. Quinn and Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced an agreement that will improve what had become deplorable living conditions for the more than 1,000 residents of the former Milbank housing buildings in the Bronx

NEW YORK, N.Y. -- The Marketing Directors, Inc. were the winners of all three of the top sales categories awarded at the 2011 Sales and Marketing (SAM) Awards banquet held on Tuesday, April 5th in Atlantic City.

New York, NY – April 25, 2011 – Beacon Towers and Halstead Property Development Marketing today announced that 90% of units are under contract at the new affordable cooperative development in Central Harlem

New York, NY - April 22, 2011 - (RealEstateRama) -- Cushman & Wakefield Sonnenblick Goldman has arranged acquisition loans for affiliates of Castellan Real Estate Partners to fund their purchases of 295 West 150th Street and 2108 Amsterdam Avenue in Manhattan. The loans were provided by a New York-based savings bank.

New York, NY - April 22, 2011 - (RealEstateRama) -- The New York State Energy Research and Development Authority (NYSERDA) today launched a pilot to help the commercial building sector and multifamily buildings reduce their energy use, save on operating costs and cut greenhouse gas emissions.

NEW YORK, NY - April 22, 2011 - (RealEstateRama) -- Comptroller John C. Liu issued the following statement regarding the NYC Pension Funds’ proposal that the bank’s board of directors launch an independent audit of its mortgage and foreclosure practices. The proposal is on the agenda at Citigroup’s annual meeting in New York City tomorrow:

WAYNE, N.J. - April 21, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has been named leasing agent for the newly rebranded Wayne Solar Center office building at 1655 Valley Road in Wayne. The appointment follows the 157,000-square-foot property’s recent acquisition by New York-based APF Properties.

NEW YORK, NY - April 20, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced the launch of the second phase of sales at The Gateway Tower (www.thegatewaytower.com), a luxury high-rise condominium located on Fredrick Douglass Boulevard’s “Gold Coast” in West Harlem.

NEW YORK, NY - April 20, 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.

New York, NY - April 20, 2011 - (RealEstateRama) -- Much attention has been given to the recent foreclosure crisis, in particular to its causes and impacts on communities. Considerably less attention, however, has been given to the collateral costs on children, in particular on their educational experiences. As children around the country leave their homes due to foreclosures, we look at whether they leave their schools as well.

NEW YORK, NY - April 19, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Scott Vinett has joined the firm as a senior vice president with its New York operations. He will be responsible for tenant representation and agency leasing services, with a specific focus on the New York metropolitan area. Vinett has nearly a decade of experience in overseeing deals, lease restructurings and other complex real estate transactions. He focuses on serving the real estate needs of clients involved in a wide variety of industries including financial services, apparel, media, architecture and engineering.

April 18, 2011 - (RealEstateRama) -- As the warm weather arrives, bringing bed bug season with it, a group of industry experts will discuss New York City’s new bed bug regulations and the possibility of additional regulation for hotels and office buildings. The discussion will also address proposed standards and procedures for effective bed bug detection and prevention.

STAMFORD, CT, April 18, 2011 — Jones Lang LaSalle announced the Fairfield County, Conn., commercial office market continued to see slowly improving fundamentals in the first quarter of 2011. Although Westchester County recorded strong job growth in many areas this quarter, vacancy rates rose in many of the county’s submarkets. Fairfield County posted stagnant or falling average asking rental rates while Westchester County saw slight rate increases countywide

BROOKLYN, NY - April 18, 2011 - (RealEstateRama) -- Strong public interest quickly turned to spirited leasing activity as an impressive 28% of the 95 upscale rental residences have been leased in the first three weeks at Arias Park Slope, the new Ismael Leyva-designed building located on 4th Avenue in this sought-after Brooklyn neighborhood.

NEW YORK, NY - April 15, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by building owner KBS Realty Advisors Inc. as exclusive leasing agent for 619 West 54th Street. The company will be responsible for commercial leasing and marketing efforts at the Class A, 301,000-square-foot office building.

NEW YORK, NY - April 14, 2011 - (RealEstateRama) -- New York City¡¦s only comprehensive residential sales report released today found that home prices increased in the first quarter of 2011 over the same time last year, showing a continuing trend of rising home values. The number of transactions in the quarter, however, was relatively flat rising just two percent compared to fourth quarter 2010. The report was published by ResidentialNYC.com, the public real estate listings Web site of the Real Estate Board of New York (REBNY).

NEW YORK, NY - April 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by CF 620 Owner One LLC as exclusive leasing agent for 620 Avenue of the Americas, also known as 45 West 18th Street. The company will be responsible for commercial office leasing and marketing efforts at the Class A, 780,000-square-foot mixed-use building.

New York, N.Y. - April 13, 2011 - (RealEstateRama) -- RGS Holdings, the developers of 2280 FDB, a 12-story, 89-unit residential development located in the heart of Harlem in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, is pleased to present The Pratt Harlem Project, an exhibition in collaboration with Pratt and Harlem artists, opening to the public on April 14, 2011.

NEW YORK, NY - April 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a lease renewal for Gagosian Gallery at 980 Madison Avenue in Manhattan with RFR Realty LLC. The art gallery signed for slightly more than 50,000 square feet of space for 10 years at the 90,882-square-foot, Class A office building.

New York, NY - April 13, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced they will showcase 15 developments in a joint open house during the weekend of April 16, 2011.

April 121, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that STEVEN BYERS, the former president and chief executive officer of the private equity firm WexTrust Capital, LLC (“WexTrust Capital”), was sentenced today to 160 months in prison on charges stemming from a fraud that raised more than $9 million from investors in private placement real estate offerings. BYERS, 48, was sentenced in Manhattan federal court by U.S. Court of Appeals Judge DENNY CHIN.

New York, NY - April 12, 2011 - (RealEstateRama) -- To help encourage the early adoption of New York City’s planned phase-out of #6 fuel oil, the New York State Energy Research and Development Authority (NYSERDA) today announced $6.5 million in incentives to help multifamily buildings with five or more units switch to cleaner fuels that will help provide a healthier, cleaner environment for residents and New York City.

New York, NY - April 121, 2011 - (RealEstateRama) -- Senate Majority Leader Dean G. Skelos, Assembly Minority Leader Brian Kolb and representatives of business organizations today urged the Assembly Majority to act on a meaningful property tax cap bill. The Senate overwhelmingly passed Governor Cuomo’s property tax cap legislation with bipartisan support earlier this year.

Washington, DC - April 121, 2011 - (RealEstateRama) -- Congressman Maurice Hinchey (D-NY) last week introduced the Flood Insurance Fairness Act of 2011 (FIFA) to assist property owners with new costs they face due to the Federal Emergency Management Agency's (FEMA) flood map modernization program. With thousands of families throughout New York facing a new requirement to purchase flood insurance as they are remapped into flood zones under FEMA's plan, the FIFA legislation would give property owners the option to delay the flood insurance purchase requirement for up to five years and require FEMA to cover certain costs associated with the flood hazard map appeals process. Similar legislation was introduced by Hinchey in the previous Congress.