New York RealEstateRama

BUFFALO, NY - January 24, 2011 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that Steven Carlson, 52, of Jamestown, New York, pled guilty before U.S. District Judge Richard J. Arcara, to evading the payment of taxes and mortgage fraud. The charges carry a maximum sentence of 35 years in prison, a fine of $1,000,000, or both

NEW YORK, NY - January 24, 2011 - (RealEstateRama) -- Max Spann Real Estate & Auction Co., the prominent and well established real estate auction house that has seen its business grow nationally from its base in the Northeast and Mid-Atlantic region, is opening an office in New York City

New York, NY - January 21, 2011 - (RealEstateRama) -- “Throughout his career, both in City government and in the nonprofit sector, Rafael has embodied the best of what public service can be. During his five years at the City’s Department of Housing Preservation and Development, he put his unique brand of innovation and pragmatism to work in advancing our mission to strengthen our neighborhoods and create a more affordable and sustainable city for all New Yorkers.

WASHINGTON, D.C. - January 20, 2011 - (RealEstateRama) -- U.S. Senator Charles E. Schumer announced that the U.S. Department of Housing and Urban Development’s Office of Healthy Homes and Lead Hazard Control Program (OHHLHC) has awarded $1,749,639 to the County of Westchester to conduct education and outreach activities to create an awareness of lead hazard control and lead poisoning prevention.

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.

JERSEY CITY, N.J. - January 20, 2011 - (RealEstateRama) -- The developers of Soleil Lofts, a converted residential development in the South Journal Square area of Jersey City, today unveiled its cutting edge technology systems that will provide a high level of convenience and security to all residents.

Jersey City, NJ - January 19, 2011 - (RealEstateRama) -- SILVERMAN, the developers of Hamilton Square, a premier adaptive reuse and new construction development in the Hamilton Park neighborhood of Jersey City, today announced that a new grocery store committed to local, organic, and conscientious consumerism, Downtown Co-op (http://www.downtowncoop.com/) is now open.

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

New York, N.Y. - January 18, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that closings and move-ins have begun at Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District.

New Yorker, NY - January 17, 2011 - (RealEstateRama) -- As New Yorkers are being blasted with freezing temperatures and record snowfall, U.S. Senator Charles E. Schumer today announced the Department of Health and Human Services (HHS) is releasing funds provided by Congress to help Long Island seniors and low income families deal with heating bills this winter. As part of the Low Income Home Energy Assistance Program’s (LIHEAP) block grants, New York State is set to receive a total of $473 million. In 2010, 25,297 households in Nassau and 60,527 households in Suffolk received the benefit, and similar numbers of households are expected to receive the benefit this year. Due to the recession and the recent bitter cold spell and winter weather that has gripped New York, Schumer today said that releasing these resources is essential for Long Island families and seniors who struggle to heat their homes.

New York, NY - January 17, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, City Council Speaker Christine Quinn and Department of Housing Preservation and Development Commissioner Rafael E. Cestero today launched the Proactive Preservation Initiative, a new, aggressive approach to identify and address deteriorating physical conditions in multifamily buildings throughout the City before they reach a state that endangers the health and safety of residents and threatens the quality of the surrounding neighborhood.

New York, NY - January 17, 2011 - (RealEstateRama) -- "The first of two bills before me today is Introductory Number 436-A, sponsored by Council Members Mendez, James, Brewer, Chin, Dromm, Lander, Mark-Viverito, Seabrook, Vann, Williams, Jackson, Rodriguez, Nelson, Arroyo, Rose, Lappin, Gennaro, Recchia, Fidler, Barron, Gardonick, Gonzalez, Greenfield, Koppell, Reyna, and Sanders. Introductory Number 436-A makes changes to the Alternative Enforcement Program.

New York, NY - January 13, 2011 - (RealEstateRama) -- Rose Associates, Inc. announced today that The Mount Sinai Medical Center’s Real Estate Division has named the firm exclusive managing agent of its residential staff housing portfolio. Rose will manage 25 apartment buildings for Mount Sinai, a portfolio comprised of more than 1,700 apartments and a total of 2 million square feet of space on the Upper East Side of Manhattan

BUFFALO, NY - January 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced it has closed the sale of the landmark corporate headquarters of HealthNow New York, Inc, the parent company of BlueCross BlueShield of Western New York for Duke Realty. Cole Real Estate Investments purchased the 430,458-square-foot, Class A office building located in Buffalo, New York. HealthNow will continue to lease the newly constructed LEED Silver Class A property through July 2024

New York, N.Y. – January 13, 2011 – BRP Companies today announced that Greene-Ville Gardens, an organic grocery store is now open on the ground floor of The Clermont, a high-end residential rental development located at 150 Clermont Avenue in Fort Greene, Brooklyn. Carousel Children’s Center, a daycare center, is also set to open soon.

New York, NY - January 12, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that CHEDDI GOBERDHAN, a real estate attorney, pled guilty yesterday before U.S. District Judge SHIRA A. SCHEINDLIN in Manhattan federal court to a seven-count Indictment charging him with conspiracy to commit bank and wire fraud, and six counts of bank fraud, in connection with a scheme that defrauded banks out of more than $23 million in home mortgage loans. GOBERDHAN made hundreds of thousands of dollars in illicit profits from the scheme, in which he worked closely with corrupt loan officers of GuyAmerican Funding, a mortgage brokerage firm in Queens, New York. GOBERDAN is the ninth defendant convicted of participating in this mortgage fraud scheme

ALBANY, NY - January 11, 2011 - (RealEstateRama) -- The New York State Office for People With Developmental Disabilities (OPWDD) has been awarded nearly $120,000 in housing counseling grants that will assist the agency to help individuals and families not only find housing, but will also offer them greater opportunities to keep their homes through counseling and training and to avoid loan modification scammers that are targeting millions of vulnerable populations.

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

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.

New York, NY - January 6, 2011 - (RealEstateRama) -- Savanna and Monday Properties announced today the closing of a $58 million loan for 386 Park Avenue South. The new partners of the 20-story, Art Deco office building additionally announced that Chase Bank has signed an 11-year lease renewal of its 12,000-square-foot retail space.

New York, N.Y. - January 6, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today released data reflecting that 88 Morningside, a premier new development located on the corner of Morningside Avenue and 122nd Street, was this year’s fastest selling development in Harlem

EUGENE, OR - January 4, 2011 - (RealEstateRama) -- New York City suburbs are now easier to find a home in, without ever leaving you own, thanks to the joint partnership between IDX, Inc. and Igor Krasnoperov. Krasnoperov has adopted the amazing IDX Broker software, giving him the unique ability to display thousand of Westchester-Putnam MLS (WPMLS) listings directly on his search page. Home seekers around Manhattan can now quickly search for homes all over Long Island and beyond, without ever stepping foot outside or riding the subway, on the new IDX enabled website of Krasnoperov.

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

New York, NY - December 30, 2010 - (RealEstateRama) -- Richard S. Hartunian, United States Attorney for the Northern District of New York, Rene Febles, Special Agent in Charge of the Office of Inspector General, U.S. Department of Housing and Urban Development in New York, John F. Pikus, Special Agent in Charge of the Albany Division of the Federal Bureau of Investigation, and Lt. John D. Durling of the New York State Police Special Investigations Unit announced that Michael Cassadei was sentenced today by Senior United States District Judge Thomas J. McAvoy in Albany to twenty-seven (27) months in prison, to be followed by three years’ supervised release, for his role as organizer of a local mortgage fraud scheme.

WASHINGTON, D.C. - December 28, 2010 - (RealEstateRama) -- The Federal Reserve Bank of New York today released Why Is the Market Share of Adjustable-Rate Mortgages So Low?—the latest article in its series Current Issues in Economics and Finance.