Residential

Rand Realty Named to Business Council’s 2017 Business Hall of Fame

February 2017

WHITE PLAINS—Business advocacy organization The Business Council of Westchester recently announced its 2017 Business Hall of Fame inductees, including Better Homes and Gardens Rand Realty. Marsha Rand, who founded the real estate brokerage firm 30 years ago, will be accepting the Hall of Fame award for “Entrepreneurial Success.” BH&G Rand Realty is one of six…

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Real Estate Execs Push for New Condo Assessments in Ossining

February 2017

OSSINING—Three Westchester County real estate professionals are leading a citizens group called the “Ossining Committee for Fair Taxation” that is looking to have the Town of Ossining, which recently undertook a town-wide property reassessment, ensure that condominiums in the town are assessed at full value, the same as single-family residences and commercial properties. The trio…

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Project Profile: $500M Bellefield at Historic Hyde Park to Harness Region’s Burgeoning Food and Beverage Sector

February 2017

Real Estate In-Depth recently sat down with Mike Oates, managing partner of Bellefield Development Partners, to discuss the firm’s proposed $500-million Bellefield at Historic Hyde Park development, a mixed-use, multi-phased project that hopes to take advantage of and in turn enhance the Hudson Valley’s growing food and beverage industry. The development project is located on…

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County, Feds at Odds Over Housing Monitor

February 2017

WHITE PLAINS—While Westchester County Executive Robert Astorino has been hopeful that with the change in administration in Washington, DC, would perhaps foster better relations between the county, the U.S. Justice Department and the U.S. Department of Housing and Urban Development, initial indications reveal the relationship between at least some the parties remains frosty. Astorino has…

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Weichert Adds 53 New Offices Nationwide in 2016

February 2017

MORRIS PLAINS, NJ—Weichert Real Estate Affiliates, Inc. continued to expand its national franchise footprint with the addition of 53 new offices in 2016. The addition of new offices last year increases the Weichert franchise presence to 340 affiliate offices in 39 states. The continued growth of the nationally recognized real estate brand was driven largely…

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Linda Ross Realty Relocates to Sugar Loaf

February 2017

SUGAR LOAF—Longtime Orange County residential brokerage firm Linda Ross Realty has relocated from Chester to 62 Wood Road in Sugar Loaf. "The Village of Sugar Loaf is loaded with charm, history, and opportunity. Its central location and close proximity to some of the Hudson Valley's most beautiful properties make it an ideal spot for us…

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Cushman & Wakefield Retained To Sell $8.95M Condo Package

February 2017

WHITE PLAINS– Cushman & Wakefield announced recently that the firm was exclusively selected to market a package of 22 condominium units within Gateway Condominiums at 257 Central Ave. in White Plains. The asking price is listed at $8.95 million. The condominium units, totaling approximately 27,751 square feet, are free market two-bedroom, two-bathrooms with high-end luxury…

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Ian K. Katz Group Opens Westchester Office

February 2017

RYE BROOK—Ian K. Katz Group, an exclusive buyers agency launched in 2014, has announced that it has extended its footprint to Westchester County with office space in Rye Brook. The firm, which also has an office in Manhattan, is now better positioned to serve homebuyers searching for new residences in towns such as Rye, Rye…

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Suffern-Based Investment Firm Acquired Nearly 2,600 Multifamily Units in 2016

February 2017

SUFFERN—Eight major acquisitions, strong performances across the existing portfolio and continued corporate expansion highlighted a record-setting year for Castle Lanterra Properties (CLP) in 2016, the company reported on Feb. 2. The Suffern-based, privately-owned real estate company acquired multifamily residential properties totaling 2,594 units at a combined purchase price of $382 million. The year also marked…

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Con Edison Creates Clean Energy Businesses

February 2017

VALHALLA—Consolidated Edison, Inc. has created a new holding company, Con Edison Clean Energy Businesses, Inc., that brings together its three existing corporations active in America’s competitive energy marketplace: Con Edison Solutions, Con Edison Development and Con Edison Energy. Mark Noyes serves as CEO and president of the three clean energy businesses, which are all co-located…

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The Residences at Tarryhill Apartment Complex Trades

February 2017

WHITE PLAINS—The Residences at Tarryhill, an 87-unit rental apartment community at 100-600 Tarryhill Way here has changed hands for the first time since it was built in 1996. Harbor View Properties LLC, a newly formed partnership that includes Dale and Lynn Kaufteil of Harborview Properties of Larchmont and WRA Properties Inc.’s Frank T. Chiarello of…

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More Than 200 Properties Available At Orange County Foreclosure Auction

February 2017

GOSHEN—Orange County Commissioner of Finance Karin Hablow and Director of Real Property John McCarey announced recently that Orange County will hold a tax foreclosure auction of more than 200 properties on Thursday, March 9. The public sale will begin at 10 a.m. at the county’s Emergency Services Center at 22 Wells Farm Road in Goshen.…

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A.S.A.P. Mortgage Opens Fourth Branch Office

February 2017

  CROTON-ON-HUDSON—Rescheduled a day later due to the snowstorm, officials and staff with A.S.A.P. Mortgage Corp. opened its fourth Westchester County branch location on Friday, Feb. 10. A host of local and county officials were on hand for the festivities to commemorate the opening of the firm’s new location at 125 Grand St. in Croton-on-Hudson.…

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Ginsburg Firm Acquires Downtown White Plains Rental

February 2017

WHITE PLAINS—In the residential development firm’s first entry into the Downtown White Plains market, Ginsburg Development Companies has purchased the 124-unit luxury rental apartment building at 25 Martine Ave. here. The 12-story building, currently known as Halstead White Plains, was purchased by GDC from DSF Group of Boston for $35.25 million. GDC plans to make…

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Reaction Mixed to PSC Decision on Suez NY Water Rate Hike

January 2017

NEW CITY—Reaction has been mixed to the decision by the New York State Public Service Commission earlier this week to decrease the requested water rate hike request by Suez New York, Inc. by nearly $1 million over the next three years. Rockland County Executive Ed Day was highly critical of the PSC decision charging that…

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2016 U.S. Existing-Home Sales Best Since 2006

January 2017

WASHINGTON— Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, finished 2016…

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Poll: NY First Home Proposal Overwhelmingly Supported by New Yorkers

January 2017

ALBANY—According to results from a Homeownership Poll conducted by the Siena Research Institute, 84% of New York voters support the NY First Home proposal that would create a tax-free savings account to help New Yorkers save for a first home. Support for the program was bi-partisan and spread across the entire state. Specifically, the NY…

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Houlihan Lawrence Acquired by Warren Buffett’s Brokerage Firm

January 2017

RYE BROOK—In a surprise move, Houlihan Lawrence whose roots in Westchester County date back to 1888, has been acquired by Warren Buffet’s Home Services of America, Inc. of Minneapolis, MN. Both parties in the transaction did not release financial terms of the deal that was announced on Tuesday, Jan. 17th. Nancy Seaman, chairman of Houlihan…

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Hudson Valley Posts Strongest Home Sales Since Recession

January 2017

2016 ANNUAL AND FOURTH QUARTER REAL ESTATE SALES REPORT Westchester, Putnam, Rockland and Orange Counties, New York WHITE PLAINS—2016 posted the region’s best real estate sales results since the post-recession recovery period that commenced in 2011. Realtors participating in the four-county Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of…

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