Archives

Jennifer Brown, Founding Executive Director of the Flatiron/23rd Street Partnership, to Depart After More...

Jennifer Brown, the first and only Executive Director of the Flatiron/23rd Street Partnership Business Improvement District (BID), will leave this fall after more than a dozen years of service to the neighborhood. Ms. Brown will begin work next month as Executive Director of the Montclair Center BID, working in the area where she and her family live.

Maloney Joins Bipartisan Coalition to Introduce Legislation to Boost Infrastructure Investment

Representative Sean Patrick Maloney (NY-18) joined Reps. Jackie Walorski (R-Ind.), Earl Blumenauer (D-Ore.), and Brian Fitzpatrick (R-Pa) to introduce legislation which will strengthen public-private partnerships and boost investment in America’s infrastructure. The Move America Act will expand private activity bonds and infrastructure tax credits, which will attract billions of dollars in capital and give state and local governments greater flexibility to fund critical infrastructure projects
Capital Pacific

Capital Pacific Sells Aspen Dental in Olean, New York

Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor

Congresswoman Stefanik Cosponsors the POWER Act

Congresswoman Elise Stefanik (R-NY-21) has cosponsored H.R. 2657, the POWER Act. Currently, the Internal Revenue Code provides tax credits to consumers who purchase renewable energy producing items. This legislation would expand that provision in the tax code to include combined heat and power systems and waste heat to power systems.

New York State third quarter home sales jump 9 percent

The New York State housing market remained robust in the 2015 third quarter with closed sales increasing by 9.1 percent compared to the 2014 third quarter, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price also continued its growth trend in the third quarter, increasing by 4.3 percent compared to a year ago.

Governor Cuomo Announces Three NY Green Bank Transactions to Improve Access to Clean Energy...

State Investment will Leverage Over $170 Million in Private Investment to Expand New York’s Clean Energy Markets WASHINGTON, D.C. - October 23, 2015 -...

FEDERAL AND CITY HOUSING OFFICIALS JOIN COMMUNITY PARTNERS COMMISSION ASSOC., RIDGEWOOD BUSHWICK SENIOR CITIZENS...

The U.S. Department of Housing and Urban Development (HUD) and New York City Department of Housing Preservation and Development (HPD) joins the Community Partners Commission Association (CPCA), the Ridgewood Bushwick Senior Citizens Council, Inc. (RBSCC) and partners to announce the opening of the Coretta Scott-King Senior Houses in East New York, Brooklyn. The new development includes 51 units of affordable housing with onsite supportive services for very low-income senior citizens and their families

New York Department of State Hosts State Fire Prevention and Building Code Council Public...

The New York Department of State will host a public meeting of the State Fire Prevention and Building Code Council on Monday November 2, 2015, 10:00 a.m. at the Governor Nelson A. Rockefeller Empire State Plaza Convention Center in Albany, 123 William Street in New York City and 65 Court Street in Buffalo. The Meeting will be held via videoconference at all locations.

BRONXVILLE RESIDENT NAMED TO SOLAR ELECTRIC POWER GROUP BOARD

The Solar Electric Power Association has named Jill Anderson, NYPA Senior Vice President for Public Affairs and Business Development, to its Board of Directors. SEPA is an educational nonprofit organization based in Washington, DC, dedicated to enabling the transition to a clean energy economy by facilitating utility integration and deployment of solar, distributed energy resources, and supporting technologies onto the grid.

HPD, HDC & WIN CELEBRATE GROUNDBREAKING OF $80 MILLION SUPPORTIVE AND AFFORDABLE HOUSING DEVELOPMENT...

Win, one of the largest nonprofits serving homeless women and their families in New York City, was joined today by New York City’s Department of Housing Preservation and Development (HPD) Commissioner Vicki Been, New York City Housing Development Corporation (HDC) President Gary Rodney, and partners to break ground on a new affordable housing development in Brooklyn’s Brownsville neighborhood.

CITY OFFICIALS JOIN MACQUESTEN AND UNION GROVE COMMUNITY ECONOMIC DEVELOPMENT CORP. FOR THE GRAND...

The New York City Housing Preservation and Development (HPD), The New York City Housing Development Corporation (HDC), the New York City Housing Authority (NYCHA) joined Rella Fogliano, President of MacQuesten Development, the Union Grove Community Economic Development Corporation (UGCEDC), and development partners along with Bronx Borough President Ruben Diaz, Jr., New York City Councilwoman Maria Del Carmen Arroyo, New York State Senator Ruben Diaz, and representatives from Bronx Community Board 3,  today to celebrate the Grand Opening of Mother Arnetta Crawford Apartments, a newly constructed apartment complex that is aiding in the  transformation of the Crotona Park East neighborhood of the Bronx

Governor Cuomo Announces Groundbreaking of $7 Million Visitor Center at Five Rivers Environmental Education...

Governor Cuomo announced the groundbreaking of a $7 million visitor center at Five Rivers Environmental Education Center in Albany County that will serve as an active learning site for natural resource and environmental topics as well as a model of green building techniques

New York Fed Details Regional Household Debt and Credit

Overall consumer distress rates in New York, New Jersey, and Connecticut are lower than those in the nation, according to the Federal Reserve Bank of New York’s latest Regional Household Debt and Credit Snapshots. The 27 different Snapshots include data about mortgages, student loans, credit cards, auto loans and delinquencies for New York City (including a separate view of each of its boroughs), as well as various metro areas in New York State, northern New Jersey and western Connecticut that make up the Federal Reserve’s Second District.

Consumers Expect Lower Growth in Earnings and Household Spending

Consumer expectations in the September 2015 Survey of Consumer Expectations (SCE) show relatively stable median consumer inflation expectations at both the short and long term horizon. Inflation expectations, as well as median one-year ahead expected growth in the costs of several commodities (food, housing, medical, college education) are all at or near their lowest levels since the start of the survey in June 2013

SCHUMER: WITH WINTER JUST AROUND THE CORNER, SOUTHERN TIER’S MOST VULNERABLE RESIDENTS ARE GROWING...

Standing at Tioga Opportunities Inc. in Owego, U.S. Senator Charles E. Schumer today urged the U.S. Department of Health and Human Services (HHS) to immediately provide New York the maximum amount of funding for the Low Income Home Energy Assistance Program (LIHEAP). Schumer said this critical home heating assistance program is vital for the Southern Tier’s most vulnerable seniors and families, who depend on this money due to the rising cost of home heating.

New York State Homes and Community Renewal Announces Re-Opening of Woodrow Wilson Townhomes in...

New York State Homes and Community Renewal (HCR) today announced the completion of the Woodrow Wilson Townhomes rehabilitation project in the City of Amsterdam. The state-of-the art modern upgrades and repairs to the100-unit Mitchell-Lama development will keep the apartments affordable for another 40 years. Woodrow Wilson Townhomes is one of the first Mitchell Lama renovation projects completed as part of the Governor’s $1 billion House New York plan to create and preserve more than 14,300 affordable homes across the State

SENATOR SCHUMER & CONGRESSMAN HIGGINS CALL FOR RE-USE OF DILLON COURTHOUSE; URGE GSA TO...

Senator Charles Schumer and Congressman Brian Higgins (NY-26) are calling on the U.S. General Services Administration (GSA) to guard against land speculation and to consider community and economic impact in their sale of the vacant Dillon Courthouse. Schumer and Higgins pointed to previous examples where developers have purchased buildings in Buffalo with no plans for immediate reuse, noting the detrimental impact that can have on the community, and urged GSA to prevent that scenario with the Dillon Courthouse

Settlement Will Provide Nearly $194 Million for Cleanup Work at the Superfund Site in...

The U.S. Environmental Protection Agency and the U.S. Department of Justice today announced that Wyeth Holdings LLC, a subsidiary of the Pfizer Corporation, will perform nearly $194 million worth of cleanup work at the American Cyanamid Superfund Site in Bridgewater Township, New Jersey. The cleanup work that the company has agreed to perform includes work to address six disposal areas at the site, where chemicals were manufactured for nearly 100 years. In addition, the company will pay $1 million for EPA’s past costs of overseeing cleanup work at the sit

HAP INVESTMENTS AND DESIGNER KARIM RASHID ANNOUNCE ‘HAP 5’ IN EAST HARLEM

NEW YORK - April 28, 2014 - (RealEstateRama) -- HAP Investments, a New York based international real estate investment and development company along with designer Karim Rashid announced today the ground breaking for 329 Pleasant Avenue, to be known as

Lee NYC Subleases Remaining Portion of the 14th Floor for Cooper, Robertson & Partners

Torrance, CA - October 26, 2012 - (RealEstateRama) -- Lee & Associates NYC (Lee NYC), the New York office of Lee & Associates Commercial Real Estate Services, a privately-held national commercial real estate firm, today announced it subleased...

Business Real Estate Press Releases

Aerial

Investec Announces Acquisition of The Esplanade Shopping Center in Oxnard

Investec Real Estate Companies, specializing in the acquisition, development, management and leasing of retail properties in California, is pleased to announce its newest acquisition, The Esplanade Shopping Center in Oxnard, California. The 356,864-­­ square-foot shopping center is anchored by Dick’s Sporting Goods

Recent Gov & Nonprofit Real Estate Press Releases

Ginnie Mae

Ginnie Mae MBS Outstanding Increases to $2.033 Trillion

Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $33.668 billion in November. A breakdown of November issuance includes $32.192 billion of Ginnie Mae II MBS and $1.476 billion of Ginnie Mae I MBS, which includes $1.316 billion of loans for multifamily housing.