New York RealEstateRama

NEW YORK, NY - February 16, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Shawna Menifee has joined the firm as an executive vice president with its New York operations. She will be responsible for cultivating new business relationships throughout the United States with an emphasis on the New York metropolitan area.

Brooklyn, NY - February 16, 2011 - (RealEstateRama) -- An open forum community meeting regarding the creation landmark designation will be held at 6:30 on February 16th at Bedford Stuyvesant Restoration Corporation. Bedford Stuyvesant Restoration Corporation is located at 1368 Fulton Street

New York, NY - February 14, 2011 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand, joined by a Staten Island family struggling with high property taxes and the financial difficulties of raising a child with special needs, today announced that the first piece of legislation she is introducing in the 112th Congress is a bill to provide property tax relief for 1.1 million New York homeowners, including nearly 300,000 in New York City. Senator Gillibrand’s legislation would enable all New Yorkers that pay property taxes to deduct the full amount of money they pay from their federal income taxes. Currently, only homeowners that itemize their federal taxes can deduct the cost of property taxes

New York, NY - February 14, 2011 - (RealEstateRama) -- The developers of Ellington on the Park, one of Harlem’s most successful new cooperative developments, have reported increased sales activity at the building since the beginning of 2011. Three homes have sold and closed in the past month, with marked interest in the property’s 16 remaining one-, two- and three-bedroom residences.

Albany, NY - February 10, 2011 - (RealEstateRama) -- Assemblyman Darryl C. Towns will be appointed to serve as Commissioner and C.E.O. of New York State Homes and Community Renewal (HCR). Under the consolidation of New York state housing programs the Commissioner also serves as chief executive of the State’s major housing and community renewal agencies, including the Housing Finance Agency and State of New York Mortgage Agency.

February 9, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg today unveiled the development plan for Hunter’s Point South, the largest new affordable housing complex to be built in New York City since the 1970s. A development team, consisting of Phipps Houses, Related Companies and Monadnock Construction, has been selected through a competitive process to build the residential portion of the first phase of the Queens waterfront complex, which includes two mixed-use buildings comprising more than 900 housing units and roughly 20,000 square feet of new retail space

February 8, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that DAVID RAMNAUTH, the former president of the Queens mortgage brokerage GuyAmerican Funding Corp. ("GuyAmerican"), was sentenced today to 30 months in prison for his role in a massive mortgage fraud scheme in which over $23 million in fraudulent loans were processed in connection with over 44 properties in the New York metropolitan area. RAMNAUTH pled guilty to his role in the mortgage fraud scheme in August 2010

NEW YORK, NY - February 8, 2011 - (RealEstateRama) -- The Federal Reserve Bank of New York today released Subprime Foreclosures and the 2005 Bankruptcy Reform, the latest article in its Economic Policy Review series from the Research and Statistics Group.

New York, NY - February 8, 2011 - (RealEstateRama) -- The New York State Senate today passed three mandate relief bills that would give local governments more authority and flexibility and help save taxpayer dollars. “As the Senate works to enact a property tax cap, it’s important that we also pass mandate relief measures to give municipalities the ability to allocate resources on community priorities, rather than to address state mandates that may not be needed,” Senate Majority Leader Dean Skelos said. “The bills we passed today are simple, common sense legislation to save money.

MILFORD, CT - February 8, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today the hiring of John O’Brien as Wholesale Account Executive. Mr. O’Brien, an experienced mortgage professional with many years of successful sales leadership in start-up and territory expansion, has been hired to develop new business relationships and educate, train and support high quality mortgage brokers in their respective markets. In his new role, Mr. O’Brien will be focused on building broker relationships and servicing brokers throughout the New York marketplace.

New York, NY - February 8, 2011 - (RealEstateRama) -- Negotiations for a new, multi-year contract began today between the Bronx Realty Advisory Board (BRAB), a real estate industry association representing most Bronx building owners, independent building owners and managers outside of the BRAB and 32BJ SEIU, the largest private sector union in New York. The contracts, which expire Tuesday, March 15th, cover more than 3,000 building superintendents, janitors, handypersons, porters, firepersons, doormen, elevator operators and garbage handlers working at more than 1,000 apartment buildings throughout the Bronx

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.