New York RealEstateRama

Albany, NY - May 19, 2009 - (RealEstateRama) — Governor David A. Paterson today announced that the New York Power Authority (NYPA) has approved a proposal designed to bring Yahoo! Inc., the world’s largest global online network of integrated internet services, to Western New York.

New York, NY - May 19, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert C. Lieber and Extell Development Company President Gary Barnett today announced the first phase of construction of the International Gem Tower, a state-of-the-art facility for domestic and international gem and jewelry wholesalers, retailers, manufacturers and designers.

Hauppauge , NY - May 19, 2009 - (RealEstateRama) — Suffolk Executive Steve Levy announced today that the county has received a $1.7 million grant from the New York State Agricultural and Farmland Protection Program which will be used to help purchase the development rights to 52 acres of the DeLalio Sod Farm in Eastport.

New York, NY - May 19, 2009 - (RealEstateRama) — New York City Comptroller William C. Thompson, Jr. tomorrow will recommend a reduction in interest rate charges for the non-payment of real estate taxes and the non-payment of water and sewer rents at the Banking Commission.

New York, NY - May 18, 2009 - (RealEstateRama) — “The Kingsbridge Armory is one of the City’s historical treasures, but it has been long-underutilized. After years of hard work and community involvement, we are now moving forward with a plan to bring the Armory back to life – and bring new jobs and shopping opportunities to Bronx residents.

New York, NY - May 18, 2009 - (RealEstateRama) — DHCR recently wrapped-up a series of six meetings it held throughout the state with housing counselors and legal service providers involved in assisting homeowners under New York's $25 million Subprime Foreclosure Prevention Program.

New York, NY - May 15, 2009 - (RealEstateRama) — United States Senators Charles E. Schumer and Kirsten Gillibrand announced today that the U.S. Department of Housing and Urban Development (HUD) has awarded a total of $2,038,081 in American Reinvestment and Recovery Act (ARRA) funding to the city of Utica through the Lead-Based Paint Hazard Control (LHC) Grant Program.

New York, NY - May 15, 2009 - (RealEstateRama) — SL Green Realty Corp's Daily News Building, 220 East 42nd Street, is one of ten office buildings selected by City Parks Foundation in conjunction with Odyssey Golf, which will be hosting a free lunchtime putting contest for its tenants on Thursday, May 28th.

West Babylon, NY - May 15, 2009 - (RealEstateRama) — The Multiple Listing Service of Long Island, Inc., (MLSLI) released April’s 2009 home figures reporting a $350,000 closed median home price for Long Island, that includes Nassau, Suffolk and Queens, and a contracted median price of $411,000.

New York, NY - May 14, 2009 - (RealEstateRama) — New York City Comptroller William C. Thompson, Jr. today called the City’s recent decision to require working families residing in Department of Homeless Services’ (DHS) shelters to pay rent toward the cost of being housed short-sighted, ill-considered and disconnected from the struggles of less fortunate New Yorkers.

New York, N.Y., - May 14, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s largest builder of green buildings and education facilities, has been selected by the New York School Construction Authority (SCA) to manage construction for the $83 million new settlement community campus for students in grades 1-12 in the Bronx, New York. The campus is scheduled for completion in 2012.

New York, NY - May 13, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg today named John B. Rhea to serve as Chairman of the New York City Housing Authority (NYCHA), the nation’s largest public housing authority. Rhea will replace Tino Hernandez, who returned to the nonprofit sector last year, and Interim Chair Ricardo Elías Morales. Chairman Rhea has more than two decades of investment banking and private sector experience.

Mineola, NY - May 11, 2009 - (RealEstateRama) — Nassau County Executive Tom Suozzi has signed into law new smart-growth requirements for subdivision developments in the County.

Albany, NY - May 12, 2009 - (RealEstateRama) — The New York State Division of Housing and Community Renewal (DHCR) today announced a free on-line housing listing and locator service for affordable, special needs, and accessible housing throughout New York State. The new service will assist renters, property providers, housing professionals and social service providers with accessing real-time rental housing information throughout New York State.

New York, NY - May 12, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today announced that accounting firm Marcum & Kliegman LLP has signed a new 10-year lease covering 67,152 square feet at 750 Third Avenue. The transaction is the largest tenant relocation lease signed in Midtown Manhattan so far in 2009 and is a follow up to SL Green's recent new lease with Wells Fargo Trade Capital Services covering 57,000 square feet at 100 Park Avenue.

Albany, NY - May 8, 2009 - (RealEstateRama) — Although her English is broken, Irene Bahiga spoke eloquently about the importance of affordable housing during a ribbon cutting ceremony to mark the opening of Olean Heights, 32 mixed income rental units in Rochester.

New York, NY - May 7, 2009 - (RealEstateRama) — Mount Hope Housing Company, a nonprofit community development organization and provider of social services in the Mount Hope section of the Bronx, along with the NYC Department of Housing Preservation and Development (HPD), the NYC Housing Development Corporation (HDC) and Enterprise Community Partners, Inc. announced today the grand opening of the New Hope Walton Project, a 63-unit environmentally friendly, affordable housing development for low-income residents.

Washington D.C. - May 7, 2009 - (RealEstateRama) — U.S. Senator Charles E. Schumer today announced that in the budget released today, President Obama has included substantial new funding that can be used to fight the housing blight that plagues communities across Upstate New York. In his budget request released today, the President created a $1 billion Housing Trust Fund and fully funds Community Development Block Grants with $4.45 billion.

Washington D.C. - May 7, 2009 - (RealEstateRama) — U.S. Senator Charles E. Schumer today applauded the historic investment made by the Obama Administration to help build new affordable housing stock in hard-hit communities by including $1 billion for the National Housing Trust Fund in the Administration’s Fiscal Year 2010 budget. Schumer, who co-authored the legislation that created the new trust fund, said this critical investment will help rebuild and revitalize low-income communities by providing funds for the construction of rental housing to extremely low-income families.

NEW YORK, NY - May 7, 2009 - (RealEstateRama) — The boards of the New York State Affordable Housing Corporation (AHC) and the State of New York Mortgage Agency (SONYMA) today approved grants and insurance commitments of $35.8 million to build and renovate 669 affordable housing units across New York State.

NEW YORK, NY - May 7, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved four grants totaling $10.33 million to the Housing Partnership Development Corp. to build and rehabilitate 362 units of affordable housing in Manhattan, the Bronx and Brooklyn.

NEW YORK, NY - May 7, 2009 - (RealEstateRama) — The board of the State of New York Mortgage Agency (SONYMA) today approved a commitment to insure a $14.25 million mortgage for a 132-unit rental housing development in the Town of Halfmoon, Saratoga County.

NEW YORK, NY - May 7, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to Cayuga County Homsite Development Corporation to finance home improvements for 50 homes in the City of Auburn in Cayuga County.

NEW YORK, NY - May 7, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved two grants totaling $600,000 to renovate 125 homes in the City of Rochester.

NEW YORK, NY - May 7, 2009 - (RealEstateRama) — As the global recession continues to affect the retail industry, average asking rents for retail space in Manhattan had the first meaningful decline since 9/11, dropping 11 percent since fall 2008 to $115 per square foot, according to the REBNY Spring Retail Report released today.