The New York Power Authority (NYPA) Board of Trustees today approved an electric rate decrease for municipalities, schools and public agencies in New York City and Westchester County.

Governor Andrew M. Cuomo today announced that the New York State Board for Historic Preservation has recommended the addition of 22 properties, resources and districts to the State and National Registers of Historic Places.

Information-Sharing System to Enhance Local Governments’ Ability to Maintain Abandoned Properties and Charge-Back Legal Owners; City of Long Beach is first Municipality to Partner with County on Database

Governor Andrew M. Cuomo today detailed projected savings for New York taxpayers as a result of the Property Tax Relief program, which provides 1.3 million homeowners significant financial relief. The $1.66 billion program, which also includes a renters' credit, is part of the Governor's 2015 Opportunity Agenda.

Despite being one of the coldest Februarys in history, the New York State housing market notched gains in both closed sales (2.5 percent) and median sales price (1.3 percent) compared to last February, according to the housing market report released today by the New York State Association of REALTORS.

Governor Andrew M. Cuomo today announced $4.9 million in grants are available to provide repair and assistance to historic and archeological resources that were impacted by Hurricane Sandy. With the money being made available by the National Park Service for a second time, not-for-profit organizations, municipalities, and state agencies can apply to the New York State Office of Parks, Recreation and Historic Preservation to receive aid.

Governor Andrew M. Cuomo today announced that $7.7 million will be distributed to seven health providers to support pre- and post-natal care for at-risk families. New York secured the funding from the U.S. Department of Health and Human Service’s Maternal, Infant and Early Childhood Home Visiting (MIECHV)

New York City Economic Development Corporation (NYCEDC) announced a Request for Proposals (RFP) to redevelop a site located at 137 Centre Street in a manner that responds to the needs of the community, revitalizes an underutilized City property, and maximizes the site’s potential. NYCEDC particularly seeks proposals that incorporate needed services or neighborhood amenities, such as space dedicated to a Universal Pre-Kindergarten facility.

Bronx Residential workers overwhelmingly ratified a new 4-year contract tonight that will give them a $64.75 per week raise over the next 4 years and maintain the health care and retirement benefits for over 3,500 residential workers. Their new contract also includes an employer 401k contribution of five dollars per week starting in the second year of the contract

“With this bill I am keeping with my commitment to provide real property tax relief to homeowners across Staten Island who are sick and tired of paying the highest taxes in the nation,” Senator Andrew Lanza said.

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be the conference co-chair of Institutional Real Estate, Inc.’s Triple Net Investor Strategies Conference in New York on June 16th, 2015. Additionally, he will be moderator for the Exit Strategies panel that will be a part of the conference. The conference description is as follows: Triple Investor Strategies is designed to provide insights into strategies, opportunities, trends and risk management for the investor community in a forum that connects these investors with owners, operators, developers and other key players in an interactive environment.

New York real estate heir Robert Durst was charged today with the 2000 murder of his friend, Susan Berman, the Los Angeles County District Attorney’s Office announced. Durst (dob 4/12/43) is charged in case SA089983 with one count of first-degree murder with the special circumstances of murder of a witness and lying in wait and gun use allegations

While the property’s apartments and common areas have been renovated over the years, Rose is analyzing the feasibility of a new renovation program, which would include combining units to create more three- and four-bedroom apartments.

The funding was obtained by Franklin Place New York, LLC, a two-year, interest-only loan that carries an unprecedented starting interest rate of 8%.

The properties are located at 150 Park Avenue and 1150 Mt. Hope Avenue in Rochester, New York, and include a total of 52 units.

About 1,000 Bronx residential workers, 32BJ Union Leaders, Congressman Charlie Rangel, Congressman José Serrano, Bronx Borough President Ruben Diaz Jr., and other elected officials

Results from the February 2015 Survey of Consumer Expectations (SCE) paint a multifaceted picture of the direction of the US economy. Median consumer inflation expectations at the short term horizon declined slightly to 2.8 percent, but remained stable at the three-year horizon. Both home price expectations and household spending change expectations fell to their lowest levels since the inception of the survey in June 2013

With more than 1,000 new rental residences currently under construction throughout Nassau.

American Realty Advisors, an institutional real estate investment manager with approximately $6.7 billion in assets under management, has acquired the Shoppes at South Hills, a grocery-anchored retail power center in Poughkeepsie, New York. This asset was acquired in a joint venture with DLC Management Corporation, a privately-held, vertically-integrated owner, operator, and manager of shopping centers throughout the United States

The Western New York Regional Economic Development Council (WNYREDC) will hold a Consolidated Funding Application (CFA) Technical Conference from 1 to 4 p.m. on Wednesday, March 11 at the Chautauqua Suites Hotel and Expo Center, 215 West Lake Road in Mayville.

Ocean County residents and property owners will be able ask questions and obtain information on their property’s flood hazard risk at two Open Houses scheduled to take place in Ocean County on Wednesday, Feb. 25 and Thursday, Feb. 26 from 4 to 8 p.m

ALBANY, NY - February 9, 2015 - (RealEstateRama) -- Today, Independent Democratic Conference Leader Senator Jeff Klein (D-Bronx/Westchester) called for broadening tax relief for New York City homeowners and renters that would otherwise not be included in the original property tax circuit breaker first proposed by Governor Andrew Cuomo. In order to provide more meaningful relief to New York City households, Klein unveiled three proposals seeking to enhance the current circuit breaker plan that would: 1) factor in an individual or families’ city Personal Income Tax (PIT); 2) increase the maximum benefit to city renters and 3) increase the percent of annual rent that is attributed to property taxes to up to 20%.

Albany, NY - May 22, 2014 - (RealEstateRama) -- The New York State median home sales price held steady in April at $215,000 compared to April 2013, while the number of closed sales fell by more than 11 percent compared to a year ago, according to the housing market report released today by the New York State Association of REALTORS. Sales dropped 1.8 percent compared to the start of 2013

WASHINGTON, D.C. - May 20, 2014 - (RealEstateRama) -- Speaker Sheldon Silver announced the passage of legislation that will help to streamline the recovery process and prioritize rebuilding efforts following Hurricane Sandy. This legislation (A.9578) authorizes New York City to grant partial abatement of taxes on real property that was seriously damaged during the storm and has since been rebuilt.

WASHINGTON, D.C. - May 12, 2014 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano encourages residents to support Island Harvest Food Bank as they partner up with the National Association of Letter Carriers (NALC) by participating in their Annual “Stamp Out Hunger” campaign on Saturday, May 10, 2014. As Long Island’s largest hunger relief organization and the National Association of Letter Carriers team up for the nation’s largest single-day food drive, postal carriers across the nation will collect nonperishable food items left by generous homeowners