Real Estate

New York Attorney General Increases Homeowner Assistance Funding

The Huffington Post 01/12/2012

New Yorkers struggling to keep their homes are about to get additional help. State Attorney General Eric Schneiderman has approved $1 million in funding for nonprofit legal services organizations to directly assist homeowners facing foreclosure, according to a statement released Thursday by his office.

In yearly address, Mayor Bloomberg makes push to develop Kingsbridge Armory Reuven Blau New York Daily News 01/12/2012	Trump proposal for New York City golf course faces critics Aman Ali Chicago Tribune 01/10/2012
A sweeping transformation of the vacant Kingsbridge Armory took center stage in Mayor Bloomberg’s yearly address. Hizzoner said that once again the city is seeking developers to turn the former Bronx military post into a vibrant retail mecca or mixed-use space.	Real estate developer Donald Trump wants to build a top level golf course on a former New York City landfill, but some watchdog groups balked on Tuesday over the potential cost to taxpayers.
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New York Public Library Is in Talks to Sell Space ROBIN POGREBIN The New York Times 12/18/2011	Russian billionaire buys most expensive apartment in NYC Elise Knutsen The New York Observer 12/18/2011
The New York Public Library is negotiating to sell five floors at 188 Madison Avenue, the former B. Altman department store at 34th Street.	Dmitry Rybolovlev has been a busy man lately. He is in the middle of a bitter divorce that could cost him more than $6 billion (when finalized it will be the world’s costliest divorce), but he has still found the time and funds to buy a struggling AS Monaco soccer team and, it turns out, the most expensive home in the history of Manhattan real estate. Well-connected sources have confirmed to The Observer that the mystery Russian chemist behind the sale of Sandy Weill’s $88 million penthouse at 15 Central Park West is indeed Mr. Rybolovlev.
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Realtors: We Overcounted Home Sales for Five Years CNBC 12/13/2011	Bonnie and Clyde star Faye has finally Dunaway with rent controlled NYC apartment after agreeing to vacate property Daily Mail 11/23/2011
Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.	She didn't go easily, but Faye Dunaway has agreed to vacate her rent-controlled apartment on the Upper East Side following an eviction action by her landlord, court documents show.
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Census: US housing bust worst since Great Depression HOPE YEN AP 10/06/2011	New York pips London in property investment Lucas Jackson Reuters UK 10/05/2011
The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.	New York beat London to the top spot for global commercial real estate investment in the year to September 30, research showed, but both cities are facing rising bearishness from investors worried by the prospect of economic headwinds.
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