New York RealEstateRama

NEW YORK, NY - March 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a 20,362-square-foot renewal transaction for Peppercom Inc. at 470 Park Avenue South. The strategic communications agency signed a 15-year lease renewal at the Class A, 290,000-square-foot building.

NEW YORK, NY - March 21, 2011 - (RealEstateRama) -- Halstead Property Development Marketing and RGS Holdings, LLC, in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, today announced that 51% of units are now closed or under contract at 2280 FDB, a 12-story, 89-unit residential development located in the heart of Harlem on Fredrick Douglass Boulevard between 122nd and 123rd Streets.

BRONX, NY - March 18, 2011 - (RealEstateRama) -- State Senator Jeff Klein (D- Bronx/ Westchester) and Senator Gustavo Rivera (D-Bronx) joined Foreclosure Prevention Providers at the Bronx County Courthouse on Friday to call for the renewal of funds for the Foreclosure Prevention Services Program in the 2012 Executive Budget.

March 17, 2011 - (RealEstateRama) -- Due to the change in accounting rules applied by the Nassau Interim Finance Authority (NIFA), Nassau County Executive Edward P. Mangano today announced major budget cuts for 2011 that protect homeowners and employers from a 21.5% property tax increase. The County Executive detailed over $121.2 million in budget cuts that include $60.5 million in employee-related spending reductions, $40 million in across the board budget cuts and $20 million in lower tax refund liability than projected by NIFA

NEW YORK, NY - March 17, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a sublease transaction for Fred Alger Management Inc. at 360 Park Avenue South with Reed Elsevier. Alger, a premier investment management firm, signed a 10-year sublease for 46,000 square feet at the 442,800-square-foot, Class A office building

New York, NY - March 17, 2011 - (RealEstateRama) -- Azure, the premier new residential building on the Upper East Side, today announced the release of the Tower Residences featuring corner residences with floor-to-ceiling windows and dramatic river and city views.

March 16, 2011 - (RealEstateRama) -- "The first of three bills before me today is Introductory Number 26-A, sponsored by Council Members Vann, Comrie, Brewer, James, Mark-Viverito, Arroyo, Williams, Gennaro, Ferreras, Lander, Dickens, Dilan, Gentile, Jackson, Greenfield, Barron, Sanders, Rivera, Levin, Foster, Seabrook, Rose, Eugene, Koslowitz, Chin, Gonzalez, Nelson, Reyna, Rodriguez, Van Bramer, Mealy, Mendez, Wills, Crowley, Palma, Cabrera, Vacca, Ulrich, Koo and Koppell. Introductory Number 26-A extends the City's authority to sell liens on delinquent tax, water, and property related charges until 2014

New York, NY - March 16, 2011 - (RealEstateRama) -- Halstead Property Development Marketing and West 147th Street Associates LLC today announced that 60% of the units are closed or under contract at PS90, a premier residential development in Harlem.

NEW YORK, NY - March 15, 2011 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Assembly Housing Committee Chairman Vito Lopez were joined by members of the Assembly Majority, David R. Jones the President of the Community Service Society of New York, affordable housing advocates and rent-regulated tenants to release a groundbreaking new report documenting rent-stabilized housing’s critical role in protecting millions of working New Yorkers and the urgent need to extend rent-stabilization laws while closing the loopholes that are costing New York thousands of affordable apartments every year.

Reston, Virginia - March 15, 2011 - (RealEstateRama) -- The Supreme Court of the State of New York, County of Bronx on March 3 held that the mortgage document granted broad powers to MERS to act as an agent for the lender, including the power to foreclose on the loan and to assign it.

Bronx, NY - March 15, 2011 - (RealEstateRama) -- 32BJ and the Bronx Realty Advisory Board (BRAB) reached a tentative four-year agreement this evening for more than 3,000 apartment building workers that provides annual wage increases while maintaining employer-paid family health care and secured pension benefits. The agreement narrowly averted a strike, which would have affected 250,000 Bronx residents throughout the borough including Riverdale and the South Bronx.

New York, NY - March 15, 2011 - (RealEstateRama) -- Skyline Properties is pleased to announce the opening of its new midtown Manhattan location. Our firm’s objective is to provide real estate solutions to the most prominent institutional and private property owners, individual investors and developers in the Manhattan area.

New York, NY - March 15, 2011 - (RealEstateRama) -- +aRt , a new premium condominium development located at 540 West 28th Street, is pleased to announce the opening of “Well Hung,” a new art exhibition curated by Mikhail Sokovikov and Jason Aaron Wall, artists known as Mint&Serf.

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

NEW YORK, NY - March 11, 2011 - (RealEstateRama) -- After two years of steady new development deliveries and increasing sublease options, supply dynamics have stabilized, rents have bottomed out and landlords have begun to scale back tenant improvement allowances at top office properties across the U.S. and Canada, according to the first-ever North American Skyline Review from Jones Lang LaSalle. As a result of these supply-demand dynamics, investor interest for this type of product has heated up, causing activity and pricing to jump and yields to compress.

New York, NY - March 11, 2011 - (RealEstateRama) -- Bronx Borough President Ruben Diaz Jr. will hold a press conference to call for fair negotiations between the Bronx Realty Advisory Board (BRAB) and Local 32BJ, the union that represents over 3,000 Bronx apartment building workers at over 1,000 residential buildings in the Bronx.

New York, NY - March 11, 2011 - (RealEstateRama) -- With a potential strike less than a week away, hundreds of apartment building workers, along with elected officials and community and union supporters, rallied today in the Bronx to call on the Bronx Realty Advisory Board (BRAB), an industry association representing building owners, to sign a fair agreement before their contract expires at 12:01 A.M. on March 15th.

WASHINGTON, DC - March 10, 2011 - (RealEstateRama) -- Rep. Carolyn Maloney (D-NY) today introduced an amendment in the House Financial Services Committee to H.R. 839, "The HAMP Termination Act of 2011" sponsored by Patrick McHenry (R-NC), whose bill would abolish the “Housing Affordable Modification Program” which was established to assist three to four million homeowners in achieving mortgage modifications. The Maloney Amendment would extend the program to accommodate 500,000 more mortgages before it ends.

New York, NY - March 9, 2011 - (RealEstateRama) -- With a potential strike less than a week away, apartment building workers will march and rally in the Bronx to call on the Bronx Realty Advisory Board (BRAB), an industry association representing building owners, to sign a fair agreement before their contract expires at 12:01 A.M. on March 15th

New York, NY - March 9, 2011 - (RealEstateRama) -- U.S. Senator Charles E. Schumer today urged the owner of Parkview Apartments in Flatbush, Brooklyn, to renew his Section 8 project based housing contract with the United States Department of Housing and Urban Development (HUD) or sell this property to a preservation buyer committed to maintaining the building’s affordability.

NEW YORK, NY - March 9, 2011 - (RealEstateRama) -- The Lawyers' Committee for Civil Rights Under Law (Lawyers' Committee) and pro bono counsel Davis Polk & Wardwell LLP (Davis Polk) filed a lawsuit today on behalf of local homeowners who were scammed by for-profit loan modification companies. Today's complaint - which targets a wide-ranging conspiracy to defraud vulnerable homeowners - marks the beginning of a statewide legal campaign to pursue those who exploit New Yorkers affected by the financial crisis

NEW YORK, NY - March 9, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by Shorenstein Realty Services LP as exclusive leasing agent for 850 Third Avenue, also known as the Discovery Building. The company will be responsible for commercial leasing and marketing efforts at the 613,664-square-foot, Class A office building.

New York, NY - March 8, 2011 - (RealEstateRama) -- Savanna, a New York-based real estate private equity and asset management firm, today announced that Odyssey Financial Technologies has signed a 10-year lease for 7,500 square feet of commercial office space at 5 Hanover Square in Manhattan’s Financial District. The asking rents in the building start in the low $30’s per square foot. The company, a global banking software solutions provider, will occupy part of the 20th floor of the 333,000-square-foot, 25-story building, which is currently undergoing a comprehensive capital improvement plan.

March 7, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Operations Stephen Goldsmith and Department of Environmental Protection (DEP) Commissioner Cas Holloway today launched a new program to save homeowners money by proactively notifying them of potential water leaks when unusual activity or spikes in usage are detected by DEP.

March 4, 2011 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano would like to let resident’s know that the Nassau County Office of Housing & Homeless Service Homeownership Center offers FREE Foreclosure/Default Prevention Counseling Services to assist homeowners in Nassau County who have fallen behind on their mortgage payments due to a financial hardship