Residential

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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BH&G Rand Realty Made Christmas Brighter For Children Served by Catholic Charities

January 2017

GOSHEN—Thanks to the generosity and creativity of the staff and agents at Better Homes & Gardens Rand Realty, this past Christmas was merrier this year for many families served by Catholic Charities Community Services of Orange and Sullivan. The members of the firm’s Goshen real estate office’s President’s Club selected Catholic Charities to be the…

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A.S.A.P. Mortgage Schedules Grand Opening Of Fourth Westchester County Location

January 2017

CROTON-ON-HUDSON—A.S.A.P. Mortgage Corp. will be celebrating the opening of their fourth Westchester County branch location at 125 Grand St. here with an open house and ribbon cutting celebration on Thursday, February 9th at 11 a.m. “We are excited to be opening our fourth Westchester County branch office and expanding our team of seasoned mortgage professionals,”…

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Weichert Launches Development Company

January 2017

MORRIS PLAINS, NJ—Jim Weichert, president, chairman and CEO of the Weichert Family of Companies, recently introduced Weichert Development Company, a full-service, privately held residential and commercial real estate investment and development business based out of the organization’s corporate headquarters in Morris Plains, NJ. As a full-service developer and investor, Weichert Development Company’s capabilities range from…

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New Rochelle Issues RFP to Redevelop Harrison Street Fire Station #1 Property

January 2017

NEW ROCHELLE—The City of New Rochelle issued a Request for Proposal for the redevelopment of Fire Station #1 at 45 Harrison St. on Jan. 2. The city-owned property is not included in the portfolio of properties included in the city’s far reaching Master Development Agreement with RDRXR, a partnership of Renaissance Downtowns and RXR Realty,…

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Newburgh Seeks Broker to Market City-Owned Properties

January 2017

NEWBURGH—The City of Newburgh has issued a Request for Qualifications for a real estate broker to help sell some city-owned properties. The city issued a Request for Qualifications on Dec. 23 for New York State licensed real estate brokers “to provide professional brokerage services for marketing, listing and selling select city-owned properties.” RFQ submittals are…

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Faranda, Rand Make Inman’s ‘Influencer’ List

January 2017

NEW YORK CITY—Inman recently announced its “Real Estate Influencers of 2017” and several Hudson Valley-based real estate professionals made the prestigious list. Among the Influencer selections by the real estate industry media website included J. Philip Faranda, broker/owner of J. Philip Real Estate LLC, an independent real estate brokerage firm based in Briarcliff Manor and…

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Surge in Northeast Boosts US Home Sales in November

December 2016

WASHINGTON—A large home sales surge in the Northeast and a smaller gain in the South pushed existing-home sales up for the third consecutive month in November, 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, rose 0.7% to a seasonally adjusted annual…

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Astorino: Westchester Has Spent $82M on Fair Housing Case

December 2016

WHITE PLAINS—As expected, Westchester County Executive Robert Astorino reported that the county had surpassed the court-mandated fair housing development benchmark of having financing in place and/or building permits issued for 750 units of affordable housing in 31 communities by the end of this year. Astorino at a Dec. 27th press conference at the Michaelian Office…

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Rising Mortgage Rates Will Affect Home Sales Volume in 2017

December 2016

WASHINGTON—Shrinking consumer confidence due to declining housing affordability, combined with rising mortgage interest rates are expected to put downward pressure on home sales volume nationwide, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors. In NAR's recently released fourth quarter Housing Opportunities and Market Experience (HOME)…

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All Indicators Point to Growing Rockland Housing Market

December 2016

How do you summarize the 2016 real estate market in Rockland county in three words or less? On the Move! My prediction for 2017 is that Rockland County’s residential market will continue to keep on moving. We have seen very strong indicators of a growing market and we have posted some of the strongest numbers…

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Keller Williams Realty Group Sponsors Fundraiser for Tuckahoe Senior Center

December 2016

SCARSDALE—Keller Williams Realty Group Market Center recently hosted its annual Masquerade Ball, which raised more than $10,000 for the Tuckahoe Senior Citizens Center. “We believe in supporting the community where we live and work,” said Jamal Hadi, operating principal of Keller Williams Realty Group. “It’s our way of saying thank you to our friends, neighbors…

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State, City Crack Down on Building Owners For Non-Compliance With 421-A Regulations

December 2016

NEW YORK—Attorney General Eric T. Schneiderman, New York City Mayor Bill de Blasio and Governor Andrew M. Cuomo recently announced that the New York City Department of Housing Preservation and Development issued letters notifying owners of 178 residential buildings—with a total of 1,400 rental apartments—that their 421-a tax benefits will be revoked retroactively if they…

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Mid-Hudson Region Secures $83M in State Grant Funds

December 2016

Legoland Project Awarded $3 Million  ALBANY—The Mid-Hudson Valley region came out the big winner in this year’s Consolidated Funding Awards, netting $83.3 million in state aid that will support 105 economic development/infrastructure projects in the seven-county region. In an announcement on Dec. 9, Gov. Andrew Cuomo awarded a total of $716.9 million in CFA funding…

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SPOTLIGHT ON: HGAR Affiliate of the Year JoAnne Murray

December 2016

JoAnne Murray, president of the Allan M. Block Agency, Inc. in Tarrytown, had no idea that she was going to be honored as the HGAR “Affiliate Member of the Year” at the Annual Meeting and Member Appreciation Day in October. “When I heard my name called, I was so shocked that I just sat there…

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