The Center for NYC Neighborhoods and Citi Community Development today announced plans to establish a groundbreaking city-wide community land trust (CLT) to advance affordable homeownership across the five boroughs of New York City. The CLT, which uses a non-profit approach to supporting community-controlled ownership of land, would create new affordable homeownership opportunities for middle- and working-class families over the long-term and shield homeowners from practices that can lead to foreclosure and displacement.

New York State's weeklong celebration of Earth Day will launch on Monday, April 20 with an announcement of conservation grants to land trusts statewide at an event on Monday with the New York State Department of Environmental Conservation (DEC) and the Land Trust Alliance. Many representatives from land trusts around the state will be in attendance

Federal Investment from VA Will Help Keep Vets and Families on Stable Ground Washington, D.C. - July 18, 2012 - (RealEstateRama) -- U.S. Senator Kirsten...

New York, NY - July 13, 2012 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano today announced the completion of a major initiative to install energy efficient Light-Emitting Diode (LED) traffic signals at more than 1,300 intersections throughout Nassau County. The project, funded by a grant by the New York Power Authority (NYPA), will save an estimated $1.1 million annually for taxpayers.

Albany, NY - July 11, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the Department of Financial Services, in partnership with...

New York, NY - July 9, 2012 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel and Department of Housing Preservation and Development Commissioner Mathew M. Wambua today launched the adAPT NYC Competition, a pilot program to develop a new housing model for the City’s growing small-household population. adAPT NYC seeks to create additional choices within New York City’s housing market to accommodate the city’s changing demographics. Currently New York City has 1.8 million one- and two-person households, but only one million studios and one-bedrooms. The design competition involves a Request for Proposals for a rental building composed primarily, or completely, of micro-units – apartments smaller than what is allowed under current regulations. New York City’s housing codes have not kept up with its changing population, and currently do not allow an entire building of micro-units. Under this pilot program, Mayor Bloomberg will waive certain zoning regulations at a City-owned site at 335 East 27th Street in the Kips Bay neighborhood of Manhattan to test the market for this new housing model. The Mayor made the announcement at the American Institute of Architects’ Center for Architecture and also was joined by Deputy Mayor for Health and Human Services Linda I. Gibbs, City Planning Commissioner Amanda Burden and Buildings Commissioner Robert LiMandri, whose agencies collaborated with the Department of Housing Preservation and Development on the creation of this design competition.

New York, NY - July 4, 2012 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano was joined today by Nassau County Legislator Joe Belesi, North Hempstead Councilman Angelo Ferrara and representatives from the New York Veterans Advocacy Group (NYVAG) to announce that Nassau County has awarded a $1.5 million grant from Federal HOME Investment Partnerships (HOME) Program funds to NYVAG to assist in converting an empty commercial property in Westbury into transitional housing for returning United States military veterans.

NEW YORK, NY - June 28, 2012 - (RealEstateRama) -- Jones Lang LaSalle was selected by Extell Development as the exclusive leasing agent for One Hudson Yards. The developer tapped the company to provide a full range of commercial office leasing services for the 56-story, 1.78 million-square-foot Class A office building.

NEW YORK, NY - June 26, 2012 - (RealEstateRama) -- Jones Lang LaSalle has completed six transactions totaling 17,105 square feet of commercial office space for William Macklowe Co. at 400 Madison Avenue. The firm completed four new, direct deals and two lease extensions at the Class A, 200,000-square-foot commercial office building.

New York, NY - June 25, 2012 - (RealEstateRama) -- RKF recently secured two ground-floor retail spaces for General Nutrition Center (GNC) in Manhattan. The global retailer of specialty nutritional products signed long-term leases for a 1,000-square-foot space at 275 Seventh Ave., located between 25th and 26th Streets in Chelsea, and a 1,350-square-foot space at 1034 Third Ave., located between 61st and 62nd Streets on the Upper East Side. Opening in 2012, the new stores will be GNC’s 41st and 42nd Manhattan locations

BROOKLYN, N.Y. - June 25, 2012 - (RealEstateRama) -- Hudson Realty Capital, a Manhattan-based real estate fund manager with more than $2 billion in assets currently under management, has funded a $6 million construction loan involving a vacant industrial loft building in the North Williamsburg section. The sponsor previously secured a $4.65 million bridge loan from Hudson to finance the acquisition of the well-located residentially zoned property.

New York, NY - June 18, 2012 - (RealEstateRama) -- Mayor Michael R. Bloomberg, U.S. Department of Housing and Urban Development Secretary Shaun Donovan, Department of Housing Preservation and Development Commissioner Mathew M. Wambua, Housing Development Corporation President Marc Jahr, New York State Homes and Community Renewal Commissioner/CEO Darryl C. Towns, were joined by to cut the ribbon to mark the official opening of the Via Verde affordable housing development located at 700 Brook Avenue and East 156th Street in the South Bronx. Via Verde, a largely City-financed project that blends 151 rental units and 71 co-op units with innovative and sustainable green design elements, was the winning proposal to New York City's first juried design competition for affordable and sustainable housing.