Jones Lang LaSalle Reports Long Island Office Market Demonstrated Signs of Recovery in First...

MELVILLE, NY - May 3, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced the Long Island office market demonstrated signs of recovery in the first quarter of 2011. The market’s improving fundamentals were led by Nassau County, which posted a considerable drop in vacancy rates and a slight increase in average asking rental rates in all property types. Suffolk County’s office market remained steady, with Class A properties recording a drop in vacancy rates and a minor increase in rents.

Die Hard star Bruce Willis loses $310,000 on property in New York, USA

Singapore - May 3, 2011 - (RealEstateRama) -- The star of the 20th Century Fox series of Die Hard movies bought the apartment in 2007 for a reported US$4.26 million but apparently he was so keen to sell the apartment he accepted an offer of just US$3.95 million

MOMENTUM BUILDS FOR PREVIEW OPENING OF HIGHPOINTE AT WOODBURY JUNCTION IN ORANGE COUNTY, N.Y.

MONROE-WOODBURY, N.Y. - May 3, 2011 - (RealEstateRama) -- Upscale suburban living in one of Orange County’s most prominent new residential addresses is exactly what buyers will find at HighPointe at Woodbury Junction, a very exclusive collection of single-family homes rising within this established residential community in the Orange County Town of Central Valley As a result, anticipation is at a fever pitch for the impending preview opening of this limited offering of luxury homes which will occupy prominent view locations within the gated 450-residence Woodbury Junction community, according to its developer, HornRock Properties

SALES LAUNCH AT KIRKMAN LOFTS, NEW RESIDENTIAL DEVELOPMENT IN DUMBO

Circa 1915 Soap Factory Converted into New Condominium Development. New York, NY - May 2, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced the launch of sales at Kirkman Lofts, a new residential condominium in DUMBO, Brooklyn.

Latest Property Tax Data Makes Case for Cap

New York, NY - April 28, 2011 - (RealEstateRama) -- Senate Republicans today renewed their call for the Assembly to act on the Governor’s property tax cap legislation in light of new data showing New Yorkers pay the highest property taxes in the United States.

THE MARKETING DIRECTORS SWEEPS THE SALES AWARDS AT THE 2011 NJ SAM AWARDS

NEW YORK, N.Y. -- The Marketing Directors, Inc. were the winners of all three of the top sales categories awarded at the 2011 Sales and Marketing (SAM) Awards banquet held on Tuesday, April 5th in Atlantic City.

HARLEM’S BEACON TOWERS IS NOW 90% IN CONTRACT

New York, NY – April 25, 2011 – Beacon Towers and Halstead Property Development Marketing today announced that 90% of units are under contract at the new affordable cooperative development in Central Harlem

Cushman & Wakefield Sonnenblick Goldman Arranges Acquisition Financing for Two Manhattan Apartment Buildings

New York, NY - April 22, 2011 - (RealEstateRama) -- Cushman & Wakefield Sonnenblick Goldman has arranged acquisition loans for affiliates of Castellan Real Estate Partners to fund their purchases of 295 West 150th Street and 2108 Amsterdam Avenue in Manhattan. The loans were provided by a New York-based savings bank.

NYSERDA Announces Benchmarking Initiative to Help Commercial and Multifamily Building Owners Reduce Energy Use,...

New York, NY - April 22, 2011 - (RealEstateRama) -- The New York State Energy Research and Development Authority (NYSERDA) today launched a pilot to help the commercial building sector and multifamily buildings reduce their energy use, save on operating costs and cut greenhouse gas emissions.

CUSHMAN & WAKEFIELD NAMED AGENT FOR WAYNE SOLAR CENTER

WAYNE, N.J. - April 21, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has been named leasing agent for the newly rebranded Wayne Solar Center office building at 1655 Valley Road in Wayne. The appointment follows the 157,000-square-foot property’s recent acquisition by New York-based APF Properties.

CIVIL COURT JUDGE RULES AGAINST TENANT CLAIMING RENT-STABILIZED APARTMENT WAS PRIMARY RESIDENCE

NEW YORK, NY - April 20, 2011 - (RealEstateRama) -- The owner of 27 East 62nd Street in Manhattan has prevailed in obtaining possession of a valuable rent stabilized apartment by establishing that the tenant primarily lived at his homes in Long Island and Florida. The case was decided by Judge Joseph Capella in a Housing Court case in the Civil Court of the City of New York.

Jones Lang LaSalle Hires Scott Vinett in New York

NEW YORK, NY - April 19, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Scott Vinett has joined the firm as a senior vice president with its New York operations. He will be responsible for tenant representation and agency leasing services, with a specific focus on the New York metropolitan area. Vinett has nearly a decade of experience in overseeing deals, lease restructurings and other complex real estate transactions. He focuses on serving the real estate needs of clients involved in a wide variety of industries including financial services, apparel, media, architecture and engineering.

AS BED BUG SEASON ARRIVES INDUSTRY EXPERTS ADDRESS NYC BED BUG REGULATIONS & DISCUSS...

April 18, 2011 - (RealEstateRama) -- As the warm weather arrives, bringing bed bug season with it, a group of industry experts will discuss New York City’s new bed bug regulations and the possibility of additional regulation for hotels and office buildings. The discussion will also address proposed standards and procedures for effective bed bug detection and prevention.

Jones Lang LaSalle Reports Slow Improvement to Fairfield County, Westchester County Office Markets in...

STAMFORD, CT, April 18, 2011 — Jones Lang LaSalle announced the Fairfield County, Conn., commercial office market continued to see slowly improving fundamentals in the first quarter of 2011. Although Westchester County recorded strong job growth in many areas this quarter, vacancy rates rose in many of the county’s submarkets. Fairfield County posted stagnant or falling average asking rental rates while Westchester County saw slight rate increases countywide

RENTERS LEASE 28% OF ARIAS PARK SLOPE IN FIRST THREE WEEKS

BROOKLYN, NY - April 18, 2011 - (RealEstateRama) -- Strong public interest quickly turned to spirited leasing activity as an impressive 28% of the 95 upscale rental residences have been leased in the first three weeks at Arias Park Slope, the new Ismael Leyva-designed building located on 4th Avenue in this sought-after Brooklyn neighborhood.

Jones Lang LaSalle Selected by KBS Realty Advisors to Lease 619 West 54th Street...

NEW YORK, NY - April 15, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by building owner KBS Realty Advisors Inc. as exclusive leasing agent for 619 West 54th Street. The company will be responsible for commercial leasing and marketing efforts at the Class A, 301,000-square-foot office building.

Bright spots include Brooklyn’s apartment prices up 9% over last year

NEW YORK, NY - April 14, 2011 - (RealEstateRama) -- New York City¡¦s only comprehensive residential sales report released today found that home prices increased in the first quarter of 2011 over the same time last year, showing a continuing trend of rising home values. The number of transactions in the quarter, however, was relatively flat rising just two percent compared to fourth quarter 2010. The report was published by ResidentialNYC.com, the public real estate listings Web site of the Real Estate Board of New York (REBNY).

Jones Lang LaSalle Selected by Ownership to Lease 620 Avenue of the Americas

NEW YORK, NY - April 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by CF 620 Owner One LLC as exclusive leasing agent for 620 Avenue of the Americas, also known as 45 West 18th Street. The company will be responsible for commercial office leasing and marketing efforts at the Class A, 780,000-square-foot mixed-use building.

Jones Lang LaSalle Completes 50,000-SF Renewal for Gagosian Gallery at 980 Madison Avenue

NEW YORK, NY - April 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a lease renewal for Gagosian Gallery at 980 Madison Avenue in Manhattan with RFR Realty LLC. The art gallery signed for slightly more than 50,000 square feet of space for 10 years at the 90,882-square-foot, Class A office building.

NYSERDA Announces $6.5 Million in Incentives to Reduce Carbon Emissions From Buildings with 5...

New York, NY - April 12, 2011 - (RealEstateRama) -- To help encourage the early adoption of New York City’s planned phase-out of #6 fuel oil, the New York State Energy Research and Development Authority (NYSERDA) today announced $6.5 million in incentives to help multifamily buildings with five or more units switch to cleaner fuels that will help provide a healthier, cleaner environment for residents and New York City.

Hinchey Reintroduces Flood Insurance Fairness Act to Help Local Home and Business Owners with...

Washington, DC - April 121, 2011 - (RealEstateRama) -- Congressman Maurice Hinchey (D-NY) last week introduced the Flood Insurance Fairness Act of 2011 (FIFA) to assist property owners with new costs they face due to the Federal Emergency Management Agency's (FEMA) flood map modernization program. With thousands of families throughout New York facing a new requirement to purchase flood insurance as they are remapped into flood zones under FEMA's plan, the FIFA legislation would give property owners the option to delay the flood insurance purchase requirement for up to five years and require FEMA to cover certain costs associated with the flood hazard map appeals process. Similar legislation was introduced by Hinchey in the previous Congress.

CUSHMAN & WAKEFIELD BROKERS WESTCHESTER MULTIFAMILY TRADE

OSSINING, N.Y. - April 7, 2011 - (RealEstateRama) -- Claremont Gardens Apartments, a 183-unit rental property in Ossining, has sold in Westchester County’s largest year-to-date multifamily trade, announced commercial real estate services firm Cushman & Wakefield, Inc. The firm’s Metropolitan Area Capital Markets Group, based in East Rutherford, N.J., brokered the $14 million transaction, representing the seller, Claremont Gardens Associates, and procuring the undisclosed buyer.

THE MARKETING DIRECTORS LANDS FOUR NEW BUILDINGS IN MANHATTAN, BROOKLYN AND STATEN ISLAND

NEW YORK, NY - April 6, 2011 - (RealEstateRama) -- With a 30-year track record of success and such current notable sales achievements as The Sheffield and Linden 78 on Manhattan’s Upper West Side, The Marketing Directors, Inc. has been brought on to oversee the marketing, sales and leasing of four new residential buildings throughout New York City.

BAKER RESIDENTIAL RELEASES FINAL HOUSING PHASE AT WOODSIDE KNOLLS, HOMES TO BE HIGHLIGHTED AT...

TOWN OF WALLKILL, N.Y. - April 6, 2011 - (RealEstateRama) -- Baker Residential will welcome interested homebuyers to Woodside Knolls on Saturday, April 16th to participate in one of the final “Homebuyer Seminars” to be offered at Orange County’s fastest-selling new residential community

Jones Lang LaSalle Reports Manhattan Office Market Saw Uneven Recovery in First Quarter of...

NEW YORK, NY - April 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that average asking rental rates rose slightly throughout much of Manhattan's office market in the first quarter of 2011. While Midtown South recorded a significant drop in vacancy rates in all property classes, the Midtown submarket posted the first increase in Class A vacancy rates in more than a year.