New York RealEstateRama

Schumer Successfully Secured A Direct Line To Senior Norfolk Southern Official; Norfolk Southern Railway Says Idling Was Due to Adverse Weather Conditions During Winter Months; But, If Idling, Noise And Emissions Continue To Be A Problem Corning Residents Will Now Be Able To Call & Voice Concerns

Carolyn Maloney (NY-12) Congressman Luke Messer (IN-06), who both serve on the House Financial Services Committee, introduced legislation last week that would require Federal banking regulators to include municipal bonds under the Liquidity Coverage Ratio (LCR).  This change will help encourage financial institutions to continue to invest in local communities following new regulations that threaten to slow or even stop cash flow for crucial infrastructure projects.

Congressman Tom Reed today voted in favor of protecting private property rights by supporting 2016 Energy and Water Development Related Agencies Appropriations Act. The bill passed the House with language preventing the Obama Administration from a power grab of private property relative to waterway regulation. “This bill is a victory for Americans from coast to coast and demonstrates that the House cares about protecting private property rights,” Reed said.

Congressman Tom Reed today formally established and hosted the first event of the Private Property Rights Caucus in the House of Representatives. The idea for the caucus came out of a recent roundtable Reed held with farmers and local officials in Allegany County. Fourteen Members of Congress from eleven states ranging from Maine to Arizona join Reed as original members of the caucus

In 2014 cities like Washington, D.C., Boston, Miami and Chicago attracted hundreds of thousands of youth travelers. Unfortunately for New York City, it is missing out on this tourism boom. In 2014 cities like Washington, D.C., Boston, Miami and Chicago attracted hundreds of thousands of youth travelers. Unfortunately for New York City, it is missing out on this tourism boom.

Today, U.S. Senator Charles E. Schumer presented the South Farmingdale Water District (SFWD) with a check for $3.3 million due to the recent U.S. Navy reimbursement settlement as a result of plume contamination. SFWD has borrowed almost $5 million from the Town of Oyster Bay to construct Plant No. 3, a water treatment facility to filter and purify the ground water impacted by the Bethpage plume.

Earlier today, Poppi Metaxas, the former President and Chief Executive Officer (CEO) of Gateway Bank, FSB (Gateway) pleaded guilty to conspiracy to commit bank fraud for her role in defrauding the bank of more than $1.8 million in the aftermath of the financial crisis.

ClickPay, the fastest growing provider of SaaS-based payment and billing solutions for the property management industry in the U.S., launched new ads across multiple digital billboards throughout Times Square.

The bill seeks to expand affordable housing for low-income grandparent-headed families by creating a competitive grant program within the Department of Housing and Urban Development for eligible non-profit organizations that provide specialized housing and supportive services to seniors raising children under the age of 18.

New York City Comptroller Scott M. Stringer announced that the New York City Pension Funds have taken steps to formally consider diversity as a criterion in manager evaluation and selection, by systematically asking current and prospective money managers about the diversity of their investment professionals.

As part of his continued efforts to help residents reduce their tax burden, County Executive Edward P. Mangano has arranged to bring the Department of Assessment office operations to libraries and community meeting halls throughout Nassau to assist homeowners with filing for their property tax exemptions

The New York State Supreme Court Appellate Division heard oral arguments on Thursday in the Mechanical Contractors V. NYCDOB, Case No. 13-10093, regarding controversy over whether the NYC Department of Buildings (DOB) has the legal authority to ignore Building Code requirements when buildings are constructed modularly. This includes the largest Lego-style modular construction project in North America located at Brooklyn’s Atlantic Yards (now rebranded as Pacific Park), a 32-story, 363 unit residential building.

Mayor Bill de Blasio today announced the selection of 11 organizations to deploy their innovative technologies and climate change solutions to at-risk and vulnerable small businesses. The technologies were selected from a group of 27 finalists competing in the Resiliency Innovations for a Stronger Economy (RISE : NYC) competition, a New York City Economic Development Corporation (NYCEDC) program designed to help small businesses impacted by Hurricane Sandy prepare for future storms, sea level rise, and other effects of climate change, while strengthening New York City’s long-term resiliency efforts

Two senior members of the House Ways & Means Committee are continuing their quest to remove a 1980’s era tax provision that discourages foreign investment in U.S. real estate.

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced $632,000 in federal grant funding and a $222,000 federal loan for the Town of Saranac in Clinton County to help finance improvements to Standish Water District. Funding was allocated through the United States Department of Agriculture’s (USDA) Water and Waste Disposal Loan and Grant program.

Governor Andrew M. Cuomo today launched two major economic development programs – the Upstate Revitalization Initiative and Round V of the Regional Economic Development Councils – officially kicking off the 2015 competitions for $1.5 billion and up to $750 million in state economic development resources, respectfully.

The Department of Financial Services (DFS) Mobile Command Center (MCC) will provide foreclosure prevention assistance and help answer questions related to insurance issues for homeowners in the Springfield Gardens section of Queens.

Four Long Island-based commercial real estate brokers were honored by Cushman & Wakefield for their 2014 accomplishments at the company’s recent national awards ceremony. Frank Frizalone, Marisa Karmitz, Phil D’Avanzo and Nick Gallipoli received honors at Cushman & Wakefield’s National 2015 Recognition Awards held at the Barclay’s Center in Brooklyn on April 16

Foot Locker, Inc. (NYSE: FL), the world's leading retailer of athletic footwear and apparel, with nearly 3,500 stores around the globe, has signed a new retail lease to retain its flagship location at 112 West 34th Street, in the heart of Manhattan's bustling 34th Street corridor, announced landlord Empire State Realty Trust, Inc. (NYSE: ESRT).

Brooklyn Navy Yard Currently Employs More than 7,000 People & is Nearly At Leasing Capacity; Expanding Building 77 at the Navy Yard Would Provide Additional Space for Thousands of Jobs

“During the first three months of 2015, the Federal Home Loan Bank of New York continued to meet the needs of our members as they work to strengthen and support the communities they serve,” said José R. González, president and CEO of the FHLBNY. “We continued to perform well in the quarter, and this consistent performance reaffirms our cooperative as a reliable and dependable partner for our members.”

City legislation provides long-term financial relief for property owners who experienced significant increases in property taxes, part of de Blasio Administration’s Sandy recovery overhaul

The New York State Department of Environmental Conservation (DEC) today issued guidance on how to prevent negative encounters with black bears. Nearly all negative bear encounters in New York are the result of hungry bears being attracted to human food sources. The simplest way to avoid a nuisance encounter is to remove potential food sources, which usually results in the bear moving on

FLUSHING (QUEENS), N.Y. - April 28, 2015 - (RealEstateRama) - The New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been today announced the selection of a development team for the Flushing Municipal Lot 3 in the Flushing neighborhood of Queens. The joint venture between Asian Americans for Equality (AAFE), HANAC Inc., and Monadnock Development was selected as the development team for this project through a competitive Request for Proposals (RFP) process. The development team’s plan, called One Flushing, includes the creation of 208 units of housing affordable to households earning between $24,200 - $72,600 annually for an individual and $34,520 - $103,560 for a family of four.

Rose Associates, the New York-based full-service real estate firm, announced today that it has been named the exclusive leasing and managing agent at The Ventura, a luxury rental property located at 240 East 86th Street in Manhattan.