New York RealEstateRama

Yonkers, NY - June 27, 2011 - (RealEstateRama) -- Mayor Philip A. Amicone, Chairman of the Yonkers Industrial Development Agency (IDA) joined Westchester County Executive Rob Astorino, city and county legislators and Ron Moelis the CEO of L+M Development Partners Inc. (L+M) for the ceremonial opening of 330 Riverdale, a brand new, multifamily housing development in Yonkers.

New York, NY - June 22, 2011 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that ALEXANDER KAPLAN, formerly a Brooklyn-based real estate lawyer and the owner of a title insurance company, was sentenced on Friday, June 17, 2011, in Manhattan federal court to 46 months in prison by United States District Judge RICHARD J. HOLWELL for his role in a multimillion dollar mortgage fraud scheme. KAPLAN was convicted, on February 6, 2009, of eighteen counts of mortgage fraud after a two-week jury trial

New York, NY - June 20, 2011 - (RealEstateRama) -- In an effort to help revitalize struggling communities throughout the state with high numbers of abandoned properties, Assembly Speaker Sheldon Silver, Local Government Committee Chair William Magnarelli, and Assembly Members Sam Hoyt and Donna Lupardo announced today the passage of legislation that would allow municipalities to create land banks.

New York, NY - June 16, 2011 - (RealEstateRama) -- "Affordable housing is an all too scarce commodity, especially in New York City and the surrounding areas. Our state's rent protection laws are essential and any long term expiration would create a crisis. Last night the State Senate -- both Democrats and Republicans -- failed to continue the laws beyond their expiration.

Westbury, NY - June 13, 2011 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano announced today that a once foreclosed, termite-infested property in Westbury is being completely rehabilitated to become a brand new energy-efficient home. This is a joint effort with Nassau County, Unified New Cassel Community Revitalization & the United Way of Long Island. Rehabilitation of this property is possible due to nearly $400,000 in Neighborhood Stabilization Program (NSP) funds obtained by Nassau County from the Federal and State governments. The home will be rehabilitated by certified professionals, working alongside student trainees from the United Way’s YouthBuild initiative.

New York, NY - June 3, 2011 - (RealEstateRama) -- U.S. Senator Charles E. Schumer today announced an $110,000 U.S. Department of Labor grant for the United Veterans Beacon House based in Bay Shore, Long Island. The center, which provides transitional housing and job training to homeless veterans in Suffolk and Nassau County, will use the money to fund outreach efforts to homeless veterans at other shelters in Long Island, as well as efforts to connect these veterans to potential employers. Schumer said that this grant was essential in order to provide our heroes who have fallen on hard times with the helping hand they need to find jobs and get their lives back on track.

New York, NY - May 31, 2011 - (RealEstateRama) -- To make it easier for property owners to assess, fund, implement and measure energy efficiency opportunities that can improve their buildings’ performance and bottom line, the New York State Energy Research and Development Authority (NYSERDA) has integrated its portfolio of programs and incentives for multifamily buildings, including condominiums and co-ops

May 26, 2011 - (RealEstateRama) -- Assembly Speaker Sheldon Silver today unveiled legislation to provide real relief for hard working men and women across New York State by capping local property taxes at two percent while at the same time including important safeguards to ensure communities are able to provide critical services for their citizens. The legislation prohibits local governments and school districts from exceeding the two percent threshold on the total tax levy and requires a 60 percent vote to override the levy. "Our message to property owners who have struggled under the burden of soaring taxes is simple," said Speaker Silver (D-Manhattan).

New York, NY - May 25, 2011 - (RealEstateRama) -- Flatbush Gardens Tenants Association filed a lawsuit in New York State Supreme Court today against David Bistricer, a principal of Renaissance Equity Holdings LLC, which owns and operates Flatbush Gardens, the sprawling 59-building housing complex in Brooklyn. Renaissance and an affiliated LLC are also named as defendants.