WASHINGTON—One in six Gen Xers purchased a multi-generational home, overtaking younger boomers as the generation most likely to do so; with 52% of those Gen X buyers indicating that they did so because their adult children have either moved back or never left home. These and other interesting buying trends were part of the National…
Read MoreALBANY—Gov. Andrew Cuomo and the State Legislature reached an agreement over the weekend on a $175.5-billion FY 2020 state budget that makes the 2% property tax cap permanent and enacts a number of revenue raisers, including congestion pricing for sections of Manhattan, for the beleaguered Metropolitan Transportation Authority to fund capital upgrades to New York…
Read MoreYONKERS—The Yonkers Industrial Development Agency reported on March 25 it had approved four projects for incentives that will create 100 new housing units and finance the purchase and rehabilitation of a 301-unit apartment building in the city. The four developments amount to approximately $108.3 million in private investment and will create 156 construction jobs and…
Read MoreYONKERS—Yonkers Mayor Mike Spano announced on March 15 that new legislation had passed the Yonkers City Council, which requires residential properties with 25 to 50 housing units to install dog waste disposal stations outside the building. Additionally, every building or structure that allows dogs with 51 or more units shall provide two or more dog…
Read MoreMONSEY—Metrex Realty in Monsey recently held a client appreciation party where more than 230 people attended. Metrex Realty officials held the event to give thanks for the community’s support of the company. The firm also invited agents from other firms, thanking them for their support and assistance with transactions. “Our colleagues never seem to get…
Read MoreGREENWICH, CT—Five Corners Properties/Real Living broker/owner Jonathan Lerner confirmed recently that Danielle Scialpi-Malloy has successfully sold the largest residential home in Greenwich, CT this year. The sale property, 35 Close Road in Greenwich, CT sold for $11,180,000. The grand estate nestled on 5.29 lush acres enjoys 300 square feet of private water frontage and vistas…
Read MoreWHITE PLAINS—The day business, political and real estate leaders have dreaded has arrived—on March 15 most of Westchester County was included in a new natural gas connection moratorium imposed by utility Con Edison. Amid charges by many that the moratorium will delay and perhaps kill billions of dollars in new development projects and thousands of…
Read MoreALBANY—New York State Comptroller Thomas DiNapoli released a report earlier this month that showed foreclosures in New York State are on the decline and court filings are in nearly 50% below near peak levels posted six years ago. Mortgage foreclosure filings across New York dropped 46% between 2013 and 2018, from 46,696 to 25,334, according…
Read MoreNEWBURGH—New York Senator James Skoufis (D-39), chairman of the New York State Senate Committee on Investigations and Government Operations, announced on March 8 at a press conference in the City of Newburgh the launch of an investigation into housing conditions and code enforcement outside of New York City. His investigations unit is specifically examining the…
Read MoreMOUNT KISCO—New York Gov. Andrew M. Cuomo was joined earlier this month by leaders from the Mid-Hudson Valley for a rally at the Boys and Girls Club of Northern Westchester in support of his Tax Fairness for the Middle-Class Campaign to make the property tax cap permanent and cut middle class taxes. In 2011, Gov.…
Read MoreWASHINGTON—The evolving technological landscape, competition from non-traditional market participants and housing affordability continue to be among the biggest challenges facing real estate firms in the next two years, according to a report by the National Association of Realtors. NAR's 2019 Profile of Real Estate Firms released on March 6 found that commercial real estate firms…
Read MoreWHITE PLAINS—A real estate attorney speaking before a group of Westchester County commercial brokers said the moratorium on new natural gas connections slated to go into effect on March 15 “is here to stay.” Officials with Con Edison—the utility that is imposing the moratorium—who participated in the discussion did not disagree. More than 100 attendees…
Read MoreALBANY—A coalition consisting of more than 100 business, civic, political and labor industry interests are calling for New York State to spend a total of $500 million to expand the existing Route 17 in Orange and Sullivan counties. Specifically, the organization is calling for a multi-year plan to construct a third lane in each direction…
Read MoreJames G. Houlihan, a real estate industry veteran of 69 years, who served as president of the Bronx Board of Realtors and the New York State Association of Realtors, passed away at the age of 95 on March 2. Houlihan, a longtime resident of Bronxville, NY and Palm Beach, FL, started his first job in…
Read MoreWALLINGFORD, CT—Berkshire Hathaway HomeServices New England, New York and Westchester Properties reported on Feb. 13th its merger with Steckler Real Estate of Scarsdale, a long-standing Westchester County residential real estate firm, into its Eastchester and Scarsdale offices. “Westchester County is a vibrant residential real estate market,” Candace Adams, CEO and President, said. “The brokers from…
Read MoreNEW YORK— Christie’s International Real Estate, the real estate arm of Christie’s, announced on Feb. 13th its expansion into Westchester County and the Hudson Valley in New York with Ilija Pavlovic, owner of its Northern New Jersey Affiliate Special Properties Real Estate Services. The new brokerage will operate solely under the Christie’s International Real Estate…
Read MoreWHITE PLAINS—ERA Insite Realty Services, a full service, family owned and operated residential real estate firm with offices in White Plains, Bronxville, Yonkers and Pleasantville, has reported that Meet the Sellers of the Bronx has merged with the White Plains based firm. Meet the Sellers was founded and owned by broker Irene Guanill Elukowich. Louis…
Read MoreWhen he first came to the U.S. almost 20 years ago, Harry Singh had a dream of opening his own real estate brokerage. In fact, he actually incorporated Reliance America International Realty in 2007, but just recently launched the new Scarsdale agency. Originally from New Delhi, India, Singh earned his Bachelors of Commerce at a…
Read MoreALBANY—The New York State Public Service Commission has scheduled public hearings in White Plains next week to solicit public comment on the impending moratorium on new natural gas connections by utility Con Edison set to begin on March 15. The PSC will hold meetings at the White Plains Library at 100 Martine Ave. on Wednesday,…
Read MoreRYE BROOK—The Business Council of Westchester announced on Feb. 5 the winners of its prestigious Business Hall of Fame Awards, which recognizes Westchester’s top corporate leaders. The winners will be honored at the 2019 Business Hall of Fame Awards Dinner on Tuesday, April 30 at the Glen Island Harbour Club in New Rochelle. The winners…
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