New York RealEstateRama

November 4, 2010 - (RealEstateRama) -- "One of the great strengths of our Administration is the expertise and insight not only of our Commissioners but also of their deputies. Before joining the New York City Housing Authority, Mike Kelly led the housing authorities of San Francisco, New Orleans and the District of Columbia. When our former City Housing Commissioner and current HUD Secretary Shaun Donovan and Mayor Nutter asked about the prospect of Mike temporarily leading the Philadelphia Housing Authority through this transition period, I offered my full support.

November 1, 2010 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano today announced that with the passage of his 2011 No Property Tax Increase Budget, Nassau County’s finances have begun to be repaired after years of mismanagement, a poor economy and overspending. Mangano praised Presiding Officer Peter Schmitt and the Republican Legislative Majority for joining him in holding the line on property taxes while adopting reforms to close a $343 million deficit – the largest in our County’s history

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

NEW YORK, NY - October 29, 2010 - (RealEstateRama) -- Thursday, October 28, 2010--New York State Homes and Community Renewal (HCR) today approved $287.8 million in financings and grants to build and rehabilitate 1,854 affordable homes, create jobs and stimulate local economies

New York, NY - October 26, 2010 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG), New York City's largest owner of commercial office properties, owning more than 20 million square feet of office space in Manhattan, and The Moinian Group, headed by developer Joseph Moinian, today announced they have reached an agreement to recapitalize Three Columbus Circle - a midtown Manhattan office tower currently in the final stages of a major redevelopment. The recapitalization includes a standby mortgage commitment and a potential future investment by SL Green that will make funds available for the completion of the redevelopment and lease-up of the property

New York, NY - October 26, 2010 - (RealEstateRama) -- City Council Speaker Christine C. Quinn joined with leaders from City agencies Housing Development Corporation (HDC), Housing Preservation and Development (HPD) and the New York City Housing Authority (NYCHA), as well as representatives from developer Artimus Construction and Citi Community Capital in celebrating the groundbreaking of Elliott Chelsea on West 25th Street and 9th Avenue in Manhattan. The 22-story new construction development will provide 168 units for low-to- middle-income families. The $65 million development is located on land provided by NYCHA and is part of a larger plan to develop more affordable housing on NYCHA properties in Chelsea. The sale of this site will bring in an estimated $4 million in revenue to the Housing Authority, a critical component in preserving public housing in a time of diminishing Federal spending

New York, NY – October 21, 2010 – Home sales across 25 of the largest metropolitan areas in the country declined roughly 10 percent in August compared to July, according to the August 2010 RPX Monthly Housing Market Report released today by Radar Logic Incorporated. This was the largest decline in sales activity from July to August observed in Radar Logic’s data set, which dates back to January 2000. The rapid declines in home sales during August are a continuation of the record declines from June to July, and reflect a continued weakening in demand for home purchases.

October 21, 2010 - (RealEstateRama) -- PREET BHARARA the United States Attorney for the Southern District of New York, announced that MARK ALAN SHAPIRO, the founder of the Cobalt Companies was sentenced today to 85 years in prison on charges stemming from a fraud that raised more than $23 million from over 250 investors in private placement real estate offerings. SHAPIRO was sentenced in Manhattan federal court by U.S. District Judge KIMBA M. WOOD, who presided over the three-week jury trial at which SHAPIRO, along with codefendants IRVING STITSKY and WILLIAM B. FOSTER, was found guilty.

NEW YORK, NY - October 21, 2010 - (RealEstateRama) -- The Federal Reserve Bank of New York today presented an update on the region’s economic conditions, noting a varied pace of recovery—with New York City and parts of New York State recovering more rapidly than many other parts of the nation, and New Jersey and Puerto Rico lagging the nation

New York, NY - October 19, 2010 - (RealEstateRama) -- The NYS Supreme Court, Appellate Division, First Department, unanimously affirmed the dismissal of all claims made by EHARM in their fight against the East Harlem M/E/C LLC. East 125th Street project; despite the misuse of municipal might, power, and procedure to take private, productive commercial property and hand it over to a secretly selected development group, beset by trouble.

New York, NY - October 19, 2010 - (RealEstateRama) -- Azure (www.azureny.com), the spacious 34-story luxury residential building at 333 East 91st Street at First Avenue on the Upper East Side, has arranged a new financing facility of $145.1 million from HSBC and its participating lenders.

Washington, DC - October 11, 2010 - (RealEstateRama) -- Congressman Eliot Engel (D-NY 17) called for a fair and just settlement for Local 32BJ workers who are in negotiations with the Building and Realty Institute of Westchester and the Mid-Hudson Region, Inc. The Congressman’s statement and his letter to the management company follow below

Huntington Station, NY - October 7, 2010 - (RealEstateRama) -- Suffolk Executive Steve Levy joined Huntington Supervisor Frank Petrone and town board members on October 5 for the razing of dilapidated structures as part of a program to transform Huntington Station blight into attractive, affordable housing.

New York, N.Y. - October 7, 2010 - (RealEstateRama) -- The New York State Banking Department today announced that more than 76,744 90-day pre-foreclosure notices were sent to New York homeowners who have fallen behind on their mortgage payments since May 31, 2010.

Middletown, NY - October 5, 2010 - (RealEstateRama) -- Congressman Maurice Hinchey (D-NY) and Congressman John Hall (D-NY) today announced they helped secure a federal investment to help pay for new supportive housing in the Village of Walden for female veterans returning from Iraq and Afghanistan who face difficult economic and other challenges.

Mineola, NY - September 29, 2010 - (RealEstateRama) -- As Nassau County once again achieves the dubious status of having the second highest property taxes in the United States, Nassau County Executive Ed Mangano again vowed not to implement a hefty property tax increase to close a massive deficit facing the County in 2011.

New York, NY - September 30, 2010 - (RealEstateRama) -- U.S. Senator Charles E. Schumer (D-NY) today announced a major milestone for seniors across the country as legislation he sponsored passed the Senate Banking Committee.

EUGENE, OR - September 29, 2010 - (RealEstateRama) -- Westchester-Putnam MLS (WPMLS) listings just became easier to search for, on the new IDX enabled website of real estate professional Chirag Shah. IDX, Inc. has delivered New York home seekers with a unique and comprehensive online property search experience. Shah and his clients can rest assured that his website hosts the best home search tools available online. Never before have WPMLS listings been simpler to display or search through than on the dynamic IDX synced website Shah hosts

NEW YORK, NY - September 17, 2010 - (RealEstateRama) -- New York State's housing agencies have approved $263.1 million in financings and grants to build and renovate affordable housing, promote business development and create jobs.

EUGENE, OR - September 15, 2010 - (RealEstateRama) -- New York Realtor Stephen Grifferty has adopted the dynamic IDX, Inc. IDX Broker software for his real estate website, syncing thousands of Capitol Region MLS (CRMLS) property listings with his page. The tools available on the search page of Grifferty give home seekers around Schenectady more options that ever when looking for a home online. His website should be the first stop for anyone considering purchasing a property in upstate New York.

NEW YORK, NY - September 14, 2010 - (RealEstateRama) -- Antoinette Hodgson pleaded guilty today to conspiracy to commit wire fraud in connection with her operation of a $45 million Ponzi scheme that fraudulently solicited investments in real estate from more than 20 New York and New Jersey investors, announced Preet Bharara, U.S.

September 13, 2010 - (RealEstateRama) -- Mr. D’Amanda focuses his practice on commercial real estate, including development and land use, mortgage and asset lending, foreclosures and workouts, and succession planning for family land holdings. Mr. D’Amanda was drawn to the firm because of the depth of Nixon Peabody’s real estate practice firmwide and the reputation of that group in the Rochester community and throughout Upstate New York.

Bronx, NY - September 9, 2010 - (RealEstateRama) -- General Colin L. Powell visited his childhood neighborhood in the South Bronx today to welcome families to their new affordable co-op homes in a building named in his honor.

New York, NY - September 7, 2010 - (RealEstateRama) -- The State of New York Mortgage Agency (SONYMA) is now providing the lowest interest rates ever offered for its two primary programs in the agency's 40-year history.

NEW YORK, NY - September 1, 2010 - (RealEstateRama) -- New York City Comptroller John C. Liu today announced that talks have officially begun between his office and five of the City’s largest banks on steps the banks can take to reform the loan modification process, improve customer service and help save more New Yorkers from foreclosure.

New York, NY - September 7, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Senator Charles E. Schumer, Congressman Jose E. Serrano, City Council Speaker Christine C. Quinn, New York City Department of Housing Preservation and Development Commissioner Rafael E. Cestero and New York City Housing Development Corporation President Marc Jahr today announced a plan to improve conditions at 1520 Sedgwick Avenue in the South Bronx

Washington D.C. - August 30, 2010 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced that the City of Jamestown has been awarded $1,940,046 in housing grants from the U.S. Department of Housing and Urban Development (HUD).

New York, NY - August 27, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that RAVI PERSAUD,

BINGHAMTON, NY - August 26, 2010 - (RealEstateRama) -- Mayor Matt Ryan today joined Binghamton Housing Authority Executive Director David Tanenhaus and community partners to cut the ribbon on a new eight-unit, handicap accessible, energy efficient, affordable housing project at 4-6 Lisle Avenue.

New York, NY - August 24, 2010 - (RealEstateRama) -- While the number of foreclosures continues to seriously outpace the number of loan modifications being made, there are reasons to be optimistic about the performance of those loan modifications. According to a report issued today by the State Foreclosure Prevention Working Group, recent loan modifications are performing better than modifications made earlier in the mortgage crisis.