Residential

HGAR, NYC Metro Realtor Associations Hold Global RE Summit

November 2019

NEW YORK—A number of real estate’s most influential thought leaders came together on Nov. 4 to share strategies for succeeding in the global marketplace as part of the Global Real Estate Summit NYC at the New York Marriott Marquis. The day-long event, now in its 13th year, attracted hundreds of area real estate professionals focused…

Read More

ERA Insite Realty Opens New Office in Connecticut

November 2019

BETHEL, CT—ERA Insite Realty has expanded its brokerage operations to the State of Connecticut. Broker/Owners and founders of ERA Insite Realty Lou and Debra Budetti reported recently the opening of the firm’s fifth office location and the company’s first in Connecticut, located in Bethel in Fairfield County. Drew Slack, a 20-year industry veteran who has…

Read More

HUD, Justice Department Agree to Ease Use of False Claims Act

October 2019

WASHINGTON—U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr issued a Memorandum of Understanding on Oct. 28 between the two agencies that sets what the two agencies say is “prudential guidance on the appropriate use of the False Claims Act for violations by Federal Housing Administration lenders. “This agreement clearly…

Read More

Peekskill Issues Open Call to Private Investors for DRI Funding

October 2019

PEEKSKKILL—The City of Peekskill, which in August of this year was awarded a $10-million grant through the state’s Downtown Revitalization Initiative to revitalize its downtown district, issued an open call for privately sponsored project proposals to be considered for DRI funding. City officials say the purpose of the open call is to hear from members…

Read More

Major Long Island Developer Entering Hudson Valley Market

October 2019

FISHKILL, NY– Farrell Building Co., widely known for developing luxury single-family homes in Long Island and the Palm Beach, FL area, has entered the Hudson Valley with several new projects. Farrell is developing new luxury rental properties in Newburgh, Middletown and New Windsor, in Orange County, as well as in Fishkill, Beacon, and Wappingers in…

Read More

Existing-Home Sales Decrease 2.2% in September

October 2019

WASHINGTON—Existing home sales receded in September following two consecutive months of increases, according to the National Association of Realtors. In its monthly report released on Oct. 22, NAR reported that all four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines. Overall sales in the Northeast fell…

Read More

Berkshire Hathaway Westchester Properties Sponsors Fourth Annual Event to Benefit Sunshine Kids Charity

October 2019

EASTCHESTER– Berkshire Hathaway HomeServices Westchester Properties will present its fourth annual Sunshine Kids benefit on October 23rd at Mulino’s at Lake Isle Country Club in Eastchester. Doors open at 6 p.m. All proceeds will benefit The Sunshine Kids Foundation, an organization dedicated to helping children with cancer. The event will feature Emmy-award winning mentalist Oz…

Read More

Hudson Valley Home Sales Market Shows Signs of Recovery from SALT Cap

October 2019

WHITE PLAINS—The residential home sales market in the Hudson Valley showed some surprising resilience in the third quarter. While some real estate analysts had predicted home sales would likely soften in the latter part of 2019, home sales in fact increased in a majority of the region. According to the “2019 THIRD QUARTER RESIDENTIAL REAL…

Read More

Houlihan Lawrence Presents First-Ever Humanitarian Award to Lin Crispinelli

October 2019

SLEEPY HOLLOW—In recognition of the extraordinary volunteer contributions made by its real estate agents and employees, Houlihan Lawrence presented its first-ever Humanitarian Award at its companywide event on October 10, held at Sleepy Hollow Country Club. Lin Crispinelli was presented with the award in recognition of her work with The Stephanie Crispinelli Humanitarian Fund, a…

Read More

Houlihan Lawrence Named Exclusive Agent for TOD Project in Tarrytown

October 2019

RYE BROOK—Houlihan Lawrence Commercial has announced it has been named exclusive leasing agent for a new transit-oriented mixed-use development proposed directly across from the Metro-North train station in Tarrytown. Located at 29 Depot Plaza, the project is comprised for a 20,000-square-foot warehouse that will be renovated into ground-level self-storage and retail space with three stories…

Read More

Adobe Signs Major Lease Renewal, Expansion

October 2019

NEW YORK—Multinational computer software company Adobe Inc. has signed a 109,296-square-foot lease at 1540 Broadway, a 44-story, Class-A office building in Manhattan. Adobe has renewed its 27,323-square-foot lease on the entire 17th floor and is expanding by an additional 81,972 square-feet of office space on floors 18, 19 and 20. The CBRE team of Mary…

Read More

Cushman & Wakefield Named Agent For OZ Development Site in the Bronx

October 2019

NEW YORK—Cushman & Wakefield announced on Oct. 9 that it has been retained on an exclusive basis to market for sale 773 Grote St., a 23,021-square-foot residential development site in an opportunity zone in the Bronx. A Cushman & Wakefield team consisting of Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker and Shayne Soltan will…

Read More

RE/MAX Opens First Office in Manhattan

October 2019

NEW YORK—RE/MAX reported on Oct. 14 that it is expanding its brand in the New York market by opening its first Manhattan office—RE/MAX 100 at 1412 Broadway in Times Square. The office was launched earlier this month by real estate professional Shovkat Mamedov who, along with her team, will bring RE/MAX’s world-class services to this…

Read More

HGAR Region Posts Solid Sales in Third Quarter

October 2019

WHITE PLAINS—A solid third quarter for residential sales in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service, Inc. (HGMLS) appears to indicate that the housing market remains vibrant, experiencing modest, but sustainable gains. Single-family residential sales remained on solid footing with anywhere from a 1% gain in unit sales in…

Read More

$177M Yonkers Project Lands IDA Incentives

October 2019

YONKERS—A $177.3-million waterfront project being developed by New York City-based Rose Associates on Alexander Street here has secured incentives from the Yonkers Industrial Development Agency. The project at 57 Alexander St. that will convert an industrial building into a multifamily complex secured the incentives at the Oct. 2 meeting of the Board of Directors of…

Read More

Megalith Capital Cuts Ribbon on Printhouse Mixed-Use Project in Downtown New Rochelle

October 2019

NEW ROCHELLE—Developer Megalith Capital Management joined New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Commissioner of Development Luiz Aragon and other city officials for a ribbon-cutting ceremony on Oct. 4 to mark the grand opening of the firm’s The Printhouse project. The six-story, 71-unit luxury mixed-use Printhouse development is located at 165…

Read More