Residential

Halpern-Rosen Venture Building New Mamaroneck Rental Project

July 2017

MAMARONECK—The first major residential rental development in the Village of Mamaroneck in 20 years broke ground recently. Village and county officials joined developer Halpern Real Estate Ventures and its partner, The Rosen Development Group, at a groundbreaking ceremony on June 15th for a loft-style development featuring luxury rental apartments and townhouses on a downtown site…

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Town of Ossining Schedules Foreclosure Auction for July 25

July 2017

OSSINING—The Town of Ossining has scheduled a foreclosure auction on July 25th beginning at 1 p.m. at Village Hall at 16 Croton Ave. At press time, the town is auctioning two properties—15 Meadowbrook Drive, a single-family home and 27 Secor Road, a residential property. According to the town’s website, the opening bid for 15 Meadowbrook…

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Real Trends Ranks NRT Firms Tops in Closed Sales Volume in NYC Metro Area

July 2017

DANBURY, CT—Coldwell Banker Residential Brokerage in Connecticut and Westchester County, along with other residential brokerage firms owned by NRT, LLC, ranked as the No. 1 residential real estate company in 2016 for sales volume and transaction sides in the New York City metropolitan area, which includes Westchester County.

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Hudson Valley Home Sales Continue to Rise Despite Falling Inventory

July 2017

WHITE PLAINS—The constricting supply of housing in the lower Hudson region served by the Hudson Gateway Multiple Listing Service, Inc. has brought about some long-expected price increases in most areas and in most property types, according to the “2017 Second Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York”…

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Manhattan Sales Market Continues Record-Setting Pace Without Inventory Concerns

July 2017

NEW YORK CITY—While the Hudson Valley and many residential markets across the nation are feeling the impacts of low for-sale inventory, the Manhattan residential real estate market is “surprisingly robust” thanks in part to plenty of supply and a wealth of prospective buyers. Statistics in the latest released residential sales report by Douglas Elliman clearly…

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Houlihan Lawrence Makes Some Executive Level Changes

July 2017

RYE BROOK—Residential real estate brokerage firm Houlihan Lawrence has announced several key executive level appointments and hires, including Anne Marie Gianutsos’ promotion to chief marketing officer and the hiring of Nicholas Fears, formerly of Coldwell Banker, New Jersey, as chief financial officer. “By expanding our C-Suite, Houlihan Lawrence continues to uphold its reputation as an…

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No Reason to Panic, Yet!

June 2017

WASHINGTON—The National Association of Realtors Pending Home Sales Index fell for the third straight month in May, but Joseph Kirchner, Ph.D., chief economist for Realtor.com, says Realtors don’t need to press the panic button, at least not yet. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.8% to 108.5 in…

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LEGISLATIVE AFFAIRS: The Time to Act is Now

June 2017

In a Daily News editorial, the New York City writer Errol Louis commented on the New York City co-op bill. He stated, “At present, co-op boards aren’t required to explain why they accept or reject applicants, leaving boards free to discriminate based on race.” For nearly four years, New York City Councilman Brad Lander has…

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BARRISTER'S BRIEFING: The ‘Bedbug’ Law in New York City Has Some Bite

June 2017

For residential tenants in New York City, the right to a bedbug-free environment is included in New York City’s Housing and Maintenance Code, Subchapter 2, Article 4 . That provision specifically names bedbugs in the list of insects that the residential landlord is legally obligated to eliminate. The New York City Department of Housing Preservation…

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U.S. Existing-Home Sales Rise in May; NY Home Sales Set New Record

June 2017

WASHINGTON— Existing U.S. home sales rebounded in May following a notable 2.3% decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to a report released on June 21 by the…

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Realtors Score Legislative Victory as State Legislature Passes NY First Home Bill

June 2017

ALBANY—The New York State Assembly and Senate passed the top legislative item on the Realtor agenda this legislative session—the First-Time Homebuyer Savings Account. The Assembly passed the measure on June 19th by a 142-1 vote with the only negative vote by Westchester County State Assembly Member Sandy Galef. The measure passed the Senate the same…

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Report: Jury Orders Raveis to Pay $5M in Agent Poaching Case

June 2017

NEW YORK—A civil jury has awarded Douglas Elliman approximately $5 million in damages in its court battle with rival brokerage firm William Raveis over allegations Raveis poached Elliman agents to its Armonk office, according to a report in the Real Deal. The trade publication reported that the jury awarded the monetary damages on Tuesday in…

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White Plains Begins Competition for Transit Center Project

June 2017

WHITE PLAINS—While developers have stepped up and broken ground on huge projects downtown and have ambitious mixed-use plans in all corners of the city, the City of White Plains has begun seeking investor interest in what will likely be the most attractive and strategically located transit-oriented parcels anywhere in the city. The development to be…

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Ginsburg Development Begins New Peekskill Rental Project

June 2017

PEEKSKILL—Ginsburg Development Companies, joined with City of Peekskill and Westchester County officials on June 13 in breaking ground on a $64.5-million mixed-use project that will transform the former St. Mary’s convent property into a resort-style tourist destination. The new development will include luxury rentals apartments as well as a spa, hotel and restaurant. Called “Fort…

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New $30M ‘Millennia’ Breaks Ground in New Rochelle

June 2017

NEW ROCHELLE— Political, civic and business officials from the City of New Rochelle were on hand for Monday’s groundbreaking for a new residential project whose name all but gives away its target market—the “Millennia.” New Rochelle Mayor Noam Bramson, along with officials from the New Rochelle Industrial Development Agency, the Community Preservation Corporation, and Tompkins…

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Property Management Firm Relocates to Tarrytown

June 2017

TARRYTOWN—In a move the company says is to grow its presence and modernize its offices, Westchester Property Management Group, Inc. announced recently the relocation of its corporate headquarters from Hartsdale to its new site, a 4,000-square-foot home in the Tarrytown Corporate Center at 520 White Plains Road. The move was expected to be completed this…

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Ellis Sotheby’s International Realty Helps New Story Create Safe, Sustainable Homes

June 2017

NYACK—Ellis Sotheby’s International Realty recently announced it will partner with New Story, a non-profit organization that works to transform dangerous living environments into communities of safe, sustainable homes. The firm will encourage its agent network to participate through donations on closings and provide exposure to New Story through its marketing efforts. “New Story puts 100%…

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Weichert’s Nanuet Office Supports 2017 Nanuet Chamber St. Festival

June 2017

NANUET—Karen McCabe, manager of Weichert, Realtors’ Nanuet office, announced that the office recently participated in the 2017 Nanuet Chamber Street Festival held on June 4th. The event, organized by the Greater Nanuet Chamber of Commerce, attracts more than 15,000 people annually to the Main Street festivities. Those who attended the street festival enjoyed live entertainment,…

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