New York State home sales slow down in November

Albany, NY - December 23, 2010 - (RealEstateRama) -- New York State home sales continued to slow in November, falling by more than 8 percent from October and by nearly 32 percent from the November 2009 sales pace, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price continued to rebound from a year ago.

SL Green Realty Corp. Announces $0.10 Dividend on its Common Stock for Fourth Quarter...

New York, NY - December 16, 2010 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today reported that its board of directors has declared a dividend of $0.10 per share of common stock for the quarter ending December 31, 2010. The dividend is payable on January 14, 2011 to shareholders of record at the close of business on January 3, 2011.

CONSTRUCTION IS COMPLETE AT COLUMBIA COMMONS; CONDO DEVELOPMENT IN BROOKLYN’S COLUMBIA STREET WATERFRONT DISTRICT...

New York, NY - December 16, 2010 - (RealEstateRama) -- Halstead Property Development Marketing today announced that construction has been completed at Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District.

SAVANNA PURCHASES 500,000-SQUARE-FOOT OFFICE BUILDING IN PRIME MIDTOWN LOCATION

New York, NY - December 14, 2010 - (RealEstateRama) -- Savanna, a New York-based real estate private equity firm with investments in $3 billion of real estate in the Northeast and Mid-Atlantic corridor, today purchased 1375 Broadway, a 513,401-square-foot corner office building located on Broadway and 37th Street, for $135 million. With this purchase, Savanna has acquired four New York City office buildings in 2010, totaling approximately 1.4 million square feet, including 386 Park Avenue South, 5 Hanover Square, 104 W. 40th Street and now 1375 Broadway.

WINDOWS ON 123 IN HARLEM IS 50% SOLD

New York, N.Y. - December 9, 2010 - (RealEstateRama) -- Halstead Property Development Marketing today announced that Windows on 123, a premier luxury condominium development in Harlem, is now 50% sold.

Perpetrator of $50 Million Real Estate Ponzi Scheme Sentenced to Six Years in Prison

PREET BHARARA, - December 8, 2010 - (RealEstateRama) -- the United States Attorney for the Southern District of New York, announced that ANTOINETTE HODGSON was sentenced yesterday in Manhattan federal court to six years in prison for running a $50 million real estate Ponzi scheme that fraudulently solicited investments from over 20 New York and New Jersey investors. HODGSON operated the scam between 2006 and her arrest in early 2010, tricking investors into providing money to her for purported investments in real estate when, in fact, HODGSON was simply using the money to pay off other investors in the scheme and to enrich herself and her family members. HODGSON previously pled guilty on September 14, 2010, to one count of conspiracy to commit wire fraud and one count of wire fraud. The sentence was imposed by U.S. District Judge ROBERT W. SWEET.

Kent Swig Joins New York City Comptroller John Liu To Light World’s Largest Menorah

New York, NY - December 8, 2010 - (RealEstateRama) -- In celebration of Chanukah, Kent M. Swig, President of Swig Equities LLC, joined New York City Comptroller John Liu, Rabbi Shmuel Butman and Michael Wainstein in lighting the world’s largest menorah on December 2, 2010, marking the second night of Chanukah.

HALSTEAD PROPERTY DEVELOPMENT MARKETING SIGNS ON TO COMPLETE SALES FOR 5TH ON THE PARK

New York, NY - December 8, 2010 - (RealEstateRama) -- Halstead Property Development Marketing today announced they have signed on as the new, exclusive sales and marketing agent for 5th on the Park, a new, full-service residential high-rise on Upper Fifth Avenue.

PS90, NEW CONDO DEVELOPMENT IN HARLEM, IS NOW 50% SOLD

New York, NY - December 7, 2010 - (RealEstateRama) -- West 147th Associates LLC and Halstead Property Development Marketing today announced that 50% of units are sold at PS90, a circa 1905 gothic style elementary school restored into a residential condominium in Harlem.

Mayor Bloomberg, Deputy Mayor Steel, Deputy Mayor Goldsmith, and Borough President Markowitz Announce Plan...

December 7, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, Deputy Mayor for Operations Stephen Goldsmith and Brooklyn Borough President Marty Markowitz today announced a plan to transform part of the City-owned Brooklyn Municipal Building into a vibrant retail use. The City issued a Request for Proposals (RFP) today seeking a developer or commercial business to buy or lease 37,000 square feet on the ground floor and second floor of the building at 210 Joralemon Street in Downtown Brooklyn.

New Western New York Coordinators to Help Spread Word About Energy Programs from the...

Buffalo, NY - December 7, 2010 - (RealEstateRama) -- The New York State Energy Research and Development Authority (NYSERDA) has hired two new educators to teach the public about energy-related programs available to Western New York residents

SL Green Announces an Agreement to Acquire New York City Office and Retail Real...

New York, NY - December 6, 2010 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) and Gramercy Capital Corp. (NYSE: GKK) today announced an agreement for SL Green to purchase investments from Gramercy Capital Corp. for an aggregate price of $390.8 million, including the assumption of $265.6 million in debt. The transactions, which are expected to close within the next 90 days, are subject to the satisfaction of certain conditions

Catskill getaway homes and properties made available in simple online property search

EUGENE, OR - December 3, 2010 - (RealEstateRama) -- Real estate broker Nancy Fredericks has enabled a customized IDX solution for her realty website, thanks to IDX, Inc. Now, thousands of Sullivan County MLS (SCMLS) listings are available with the click of a mouse for those searching for property in and around the famous Catskill area of New York. With the amazing IDX technology, it is no wonder Fredericks and her real estate website are a trusted name in local realty.

SCHUMER INTRODUCES NEW LEGISLATION FOR 5 YEAR FLOOD INSURANCE MORATORIUM FOR NEW YORK HOMEOWNERS

New York, NY - December 2, 2010 - (RealEstateRama) -- Yesterday, United States Senators Charles E. Schumer and Richard Durbin (D-IL), introduced a five-year moratorium on the requirement that New York homeowners purchase expensive new flood insurance policies if they live in a community designated as a flood zone since September 30th, 2007. Schumer has been highly critical of Federal Emergency Management Agency (FEMA) flood mapping techniques and has been pushing the agency to go back to the drawing board to devise a flood map plan that reflects the on-the-ground realities of communities now being impacted by new flood elevation requirements.

MAYOR BLOOMBERG, SPEAKER SILVER AND ALEXANDRIA REAL ESTATE EQUITIES OPEN NEW STATE-OF-THE-ART SCIENCE PARK...

New York, NY - December 2, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Assembly Speaker Sheldon Silver, Deputy Mayor for Economic Development Robert K. Steel and Alexandria Real Estate Equities CEO Joel S. Marcus today opened the Alexandria Center for Life Science – New York City, a state-of-the-art science park on Manhattan’s East Side. The new 310,000-square-foot, 15-floor facility, the first of three buildings to be developed as part of Alexandria’s newest life science cluster campus, will connect and foster unique and innovative collaborations among New York City’s world-renowned academic and medical institutions, preeminent scientific talent, access to venture capital funds, and the commercial life science industry.

ELITE GROUP OF REBNY BROKERS EARN “NEW YORK RESIDENTIAL SPECIALIST” DESIGNATION

New York, NY - December 2, 2010 - (RealEstateRama) -- In the latest sold-out session of The Real Estate Board of New York’s (REBNY’s) New York Residential Specialist (NYRS) course, 29 leading real estate agents earned the esteemed NYRS designation last month. The elite set with the credential, which denotes that a broker has received the highest level of education available, is made up of a powerful peer group committed to ethical behavior and professional excellence in sales and marketing. The growing numbers of NYRS graduates, which now total more than 150, demonstrates REBNY brokers’ commitment to raising the bar

SCHUMER INTRODUCES NEW LEGISLATION FOR 5 YEAR FLOOD INSURANCE MORATORIUM FOR LONG ISLAND HOMEOWNERS

December 1, 2010 - (RealEstateRama) -- Today, United States Senator Charles E. Schumer, introduced a five-year moratorium on the requirement that Long Island homeowners purchase expensive new flood insurance policies if they live in a community recently designated as a flood zone.

Construction is Complete at +aRt, New Condo Development in West Chelsea

New York, NY - November 30, 2010 - (RealEstateRama) -- Ekstein Development announced today that construction has been completed and TCO was received last week at +aRt, a new premium condominium development located in the heart of West Chelsea’s art district at 540 West 28th Street.

FLATBUSH GARDENS APARTMENT BUILDING WORKERS LOCKED OUT

New York, NY - November 29, 2010 - (RealEstateRama) -- Flatbush Gardens workers were locked-out by their employer Renaissance Equity Holdings this morning, effectively preventing them from performing their jobs and serving thousands of tenants at the massive complex. The employer’s action took place following the workers' refusal to accept a more than 30 percent cut in wages and cuts to benefits that would leave most workers without health care coverage. The contract, which expired in April, covers more than 70 porters and handymen who maintain the complex that is home to more than 10,000 New Yorkers.

Mangano Announces Home Down Payment Program

November 10, 2010 - (RealEstateRama) -- Those who hope to fulfill the dream of owning their first home were given an edge today when Nassau County Executive Edward P. Mangano announced a new program that will provide down payment assistance.

Governor Paterson Urges Federal Government to Maintain Federal Funding for Home Heating Assistance

November 9, 2010 - (RealEstateRama) -- Governor David A. Paterson today continued his campaign urging the Federal government to fully fund the Federal Low-Income Home Energy Assistance Program (LIHEAP) at last year's level of $5.1 billion to help families cope with cold winter temperatures and higher energy costs. In a letter to President Obama, Governor Paterson outlined the need for quick action to fully fund the program and requested the immediate release of LIHEAP contingency funds, in order to avoid a potential early shut down of New York's Home Energy Assistance Program (HEAP), which opened for the season November 1

AZURE CUSTOMIZES UNITS TO SERVE GROWING NEEDS OF FAMILIES

New York, NY - November 8, 2010 - (RealEstateRama) -- Azure (www.azureny.com), the new luxury residential building at 333 East 91st Street on the Upper East Side, is customizing a number of units to meet the growing demand for larger apartments from people who want to raise their children in Manhattan. In recent months, The DeMatteis Organizations has customized 14 units (11 percent of the building) for buyers in Azure, with an expectation of many more to come.

SL Green Names James Mead as Chief Financial Officer

New York, NY - November 5, 2010 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG), New York City's largest owner of commercial office properties, today announced the appointment of James E. Mead to be the Company's Chief Financial Officer (CFO), effective December 1, 2010. He succeeds Gregory Hughes, who is leaving at the end of his current contract on November 30, 2010 to pursue other professional interests

Halstead Property Development Marketing Signs Three New Developments And Launches Sales At Five More

New York, N.Y. - November 4, 2010 - (RealEstateRama) -- Halstead Property Development Marketing today announced that they have signed on to be the exclusive sales and marketing representatives for three prominent new developments, and have also launched sales at an additional five developments in the last four weeks

Elmwood Village Properties Forfeited in International Narcotics Prosecution

BUFFALO, NY - November 1, 2010 - (RealEstateRama) -- U.S. Attorney William J. Hochul, Jr. announced today that a federal judge has ordered the forfeiture of two parcels of real property in Buffalo’s Elmwood Village which were purchased with drug proceeds from an international drug organization. The properties, a commercial building located at 427 Elmwood Avenue, and a single-family residence at 262 Bryant Street, were forfeited as part of a five-year Boston, Massachusetts-based Organized Crime Drug Task Force investigation and prosecution. Buffalo-based DEA and ICE agents and forfeiture specialists in the Buffalo U.S. Attorney’s Office assisted in the investigation and prosecution