New York RealEstateRama

Initiative Estimated to Provide At Least $100 Million in Building Work to Reduce City Emissions While Lowering Energy Costs, Preserving Funds for Vital Repairs and Upgrades, and Creating Hundreds of Green Jobs.

Through a series of competitive Energy Performance Contracts (EPC), it is estimated that at least $100 million in work will occur across nearly 300 NYCHA developments to upgrade and retrofit thousands of buildings, dramatically reducing greenhouse gas emissions and generating tens of millions of dollars in cost savings, as well as creating more than 500 jobs.

After fees, manager performance is $2.5 billion below benchmark over 10 years, new analysis of City pension system reveals. Calls for review of investment fee structure, alignment of pay with performance.

Turner's Interiors group in New York recently turned over 120,000 square feet of luxury retail space within Brookfield Property Partners’ 375,000-square-foot retail offering at Brookfield Place.

Governor Andrew M. Cuomo today announced a $160 million investment designed to grow large scale clean energy projects statewide. As part of the State’s Reforming the Energy Vision (REV) strategy, this funding is being made available to support public-private sector partnerships in clean energy projects. Funding will be administered competitively, and proposals will improve energy affordability and reliability, while also expanding new economic development opportunities and protecting the environment.

Governor Andrew M. Cuomo today announced a $160 million investment designed to grow large scale clean energy projects statewide. As part of the State’s Reforming the Energy Vision (REV) strategy, this funding is being made available to support public-private sector partnerships in clean energy projects. Funding will be administered competitively, and proposals will improve energy affordability and reliability, while also expanding new economic development opportunities and protecting the environment

Earlier today, federal agents arrested Stacey Stackhouse, the former executive director of Village of Hempstead Housing Authority (VHHA) and James Alimonos, Michael Lambros, and Demetrios Kaouris, who performed construction work for the agency, for their involvement in a wire fraud conspiracy in connection with the theft of federal funds.

Eastman Business Park Will Use Funding For Manufacturing And Job Creation Opportunities In Rochester. The project aims to provide technology entrepreneurs with more efficient and economical pathways to develop their businesses.

The Federal Home Loan Bank of New York (FHLBNY) and MAX Exchange (MAX), a multi-seller to multi-buyer exchange and clearing house for residential mortgage loans, announced a pilot program that will enable approved FHLBNY members to sell conforming and jumbo residential whole loan mortgages on an open exchange platform.

Earlier today, federal agents arrested Stacey Stackhouse, the former executive director of Village of Hempstead Housing Authority (VHHA) and James Alimonos, Michael Lambros, and Demetrios Kaouris, who performed construction work for the agency, for their involvement in a wire fraud conspiracy in connection with the theft of federal funds.

Rochester Mayor Lovely Warren today announced the selection of Home Leasing as the developer of the Charlotte Street redevelopment project, now known as “Charlotte Square.”

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced $1,977,607 in federal funding for the Syracuse Housing Authority to launch a new job training program that connects public housing residents with education and employment opportunities. SHA will use the funding to launch the “Work to Independence” in partnership with community organizations including Greater Syracuse Works, Center for Community Alternatives, Upstate Medical University Hospital, the University Hill Business Association, Syracuse University and the Urban Jobs Task Force

State Senator Joseph A. Griffo of Rome and Assemblyman Anthony Brindisi of Utica say the state’s approximately $142 billion budget for 2015-2016 includes $300 Million in funding for a new health care facility designed to serve residents of the Mohawk Valley for decades to come.

Assembly Speaker Carl Heastie, Local Governments Committee Chair William Magnarelli and Economic Development, Commerce, Industry and Job Creation Committee Chair Robin Schimminger today announced that $19.5 million in funding restorations for economic development funding is included in the approved 2015-16 SFY Budget.

Empire State Development (ESD), Buffalo Niagara Enterprise (BNE) and TROVE Predictive Data Science today announced a significant expansion that will result in a $3.3 million investment and creation of 36 new high-tech, high-paying jobs.

Representatives of the New York Power Authority (NYPA) and the New York State Research and Development Authority (NYSERDA), will be joined by the Superintendent of the Somers Central School District, and local and state officials on April 9, to announce the expansion of Governor Andrew M. Cuomo’s K-Solar program. A question-and-answer session with students, some of whom are in a pre-engineering program, will follow.

Senator Patrick M. Gallivan (R-C-I, Elma) says the $142-billion 2015-16 state budget provides critical funding to important state programs while controlling the size and cost of government.  The state’s fifth consecutive on-time budget keeps spending within a two-percent cap, increases aid to education, rejects tax increases and provides property tax relief for homeowners.  The spending plan also includes funding for regional assets such as Roswell Park Cancer Institute, the NFTA and Shea’s Performing Arts Center

Borough President Gale A. Brewer and 26 other Manhattan elected officials-- Members of Congress, State Senators, State Assembly Members, City Council Members-- sent a letter to Carl Weisbrod, Chair of the City Planning Commission, calling for changes to the zoning text amendment which the de Blasio Administration has proposed to expand development in the City, including reforms to the city's inclusionary housing policies.

New York City Mayor Bill de Blasio and U.S. Senator Charles Schumer announced today approximately $3 billion in federal funding to repair and protect 33 public housing developments that sustained severe damage during Hurricane Sandy – the largest FEMA grant in the history of the agency. Half of the funds will be designated for repairs, while the other half will be aimed at implementing resiliency measures to better protect developments from future disasters. The funding is authorized by FEMA’s Alternative Procedures, which provides a lump sum payment instead of the typical incremental funding by FEMA.

Leading Life Sciences Venture Capital Firms to Manage $150 Million Public-Private Partnership and Establish Presence in NYC, Bolstering City as a Global Industry Leader. Commitment to Expand Current R&D Space by Approximately 150 Percent, Catalyzing Industry Expansion

Assemblyman Clifford W. Crouch (R-Bainbridge) today called for the inclusion of a $500 property tax credit for middle-class families in the Southern Tier in the state’s final budget. Crouch’s call for tax relief comes in the wake of news that New York State has an additional $610 million on hand from yet another bank settlement.

Mayor Lovely Warren visited a worksite to thank youth and adult volunteers on the first day of the Flower City Work Camp, a faith-based organization comprised of more than 40 churches throughout Monroe County providing home improvements for city homeowners who are unable to make repairs themselves.

Kyle Burkhardt has joined the Long Island office of Cushman & Wakefield as Senior Director. Previously a broker with Colliers International and a managing principal at Alliance Real Estate, Burkhardt is an industrial real estate sales and leasing specialist with extensive experience in both buyer/ seller and tenant/ landlord representation

State Senator Jeff Klein (D-Bronx/Westchester), joined by more than 200 local parents and school administrators, today announced $18,000 in Project BOOST (Building Options and Opportunities for Students) funding for P.S. 175 City Island in the Bronx. The announcement came at P.S. 175’s annual spring card party on Thursday, March 26th.

The Coalition for the Homeless released today its annual State of the Homeless report, showing that while New York City has taken encouraging initial steps to begin to reduce the record number of New Yorkers currently in shelter, both the Governor and the Mayor must do more to combat this crisis. The report outlined key policy recommendations for both city and state leaders to dramatically reduce homelessness from today’s record heights

The budget 'will prevent thousands of individuals and children from entering the homeless shelter system,' said Assemblyman Andrew Hevesi, the Queens Democrat who chairs the chamber's Social Services committee