Residential

3 Westerly Bar & Grill Opens at GDC’s Harbor Square

June 2017

OSSINING—Ginsburg Development Companies, along with county and village officials staged a ribbon cutting on June 1st to commemorate the official grand opening of 3 Westerly Bar & Grill, a new nautical-themed restaurant located at GDC’s recently completed Harbor Square luxury rental complex on the Hudson River waterfront. “Today’s grand opening of 3 Westerly Bar &…

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Multifamily Investment Finds Long-Ignored City of Mount Vernon

June 2017

MOUNT VERNON—Multifamily investors, who have bypassed this storied Southern Westchester locale for decades for such Westchester cities as Yonkers, New Rochelle and White Plains, are finally taking notice of the City of Mount Vernon for both its opportunities and challenges. Mayor Richard Thomas, who took office in January 2016 on a platform of reform, an…

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NAR’s Yun Says High Foot Traffic Not Translating to More Sales

June 2017

WASHINGTON—Declining for-sale home inventory may finally be catching up with the nation’s residential sales market. The National Association of Realtors reports that pending home sales in April fell for the second consecutive month. NAR in a report released on May 31st, stated that its Pending Home Sales Index fell 1.3% to 109.8 in April from…

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Ellis Sotheby’s, Edward Hopper House Create Museum School Partnership Programs

May 2017

NYACK—Ellis Sotheby’s International Realty and Edward Hopper House have announced the creation of Museum School Partnership programs for five local Hudson Valley public schools with monies raised during a fundraiser held last year. The $21,300 raised at the Oct, 15, 2016 benefit ultimately created partnership programs at five local schools: Lime Kiln Elementary in Suffern…

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Foreign Buyers, Immigration Expected to Drive Demand for Housing

May 2017

WASHINGTON—U.S. real estate markets are increasingly becoming international, and changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices. That was the collective forecast from speakers at an international real estate forum organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies…

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Rockland County Exec. ‘Drawing the Line’ on Irresponsible Development

May 2017

RAMAPO—At a press conference staged near a controversial housing development at Patrick Farm here, Rockland County Executive Ed Day signed an Executive Order prohibiting county departments from issuing permits that do not comply with the General Municipal Law. “When it comes to development, for far too long we see laws disregarded or broken—with no consequences,”…

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New York City Building Boom Fueled By Expected 421-a Successor Law

May 2017

NEW YORK—The multifamily development floodgates opened last year when developers put their money on the State Legislature enacting a replacement for the 421-a tax incentive legislation. New York Building Congress president and CEO Carlo A. Scissura believes that developers bet on New York State passing a new 421-a tax incentive program this past legislative session…

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Ginsburg Cuts Ribbon on $100M Yonkers Multifamily Project

May 2017

YONKERS—Westchester County Executive Robert Astorino, Yonkers Mayor Mike Spano and other state and city officials joined Ginsburg Development Corp. in cutting the ribbon on its $100-million River Tides at Greystone luxury rental apartment project. The 330-unit building is GDC’s third major luxury rental development to open in Westchester since the veteran development firm shifted its…

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Rand Realty Launches New Agent Platform

May 2017

SEATTLE—Better Homes and Gardens Real Estate Rand Realty reported recently that it had launched a new combination of the latest in agent productivity technology. Agents now have access to the Moxi Engage CRM from Moxi Works, which is fully integrated into an advanced automated marketing platform from Imprev, Inc. “There’s a great technology race in…

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BH&G Rand Realty Acquires ERA Tucker Associates

May 2017

NANUET—Better Homes and Gardens Rand Realty reported on May 15th that it acquired ERA Tucker Associates of Nanuet. “We have decided to merge with Rand Realty so we could be a part of the development of the Rockland County market and any other adjacent markets in New York and New Jersey,” said Sharon Tucker, manager…

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HGAR’s First ‘RPAC-A-Thon’ Raises Over $8,000 for RPAC

May 2017

WHITE PLAINS—The Hudson Gateway Association of Realtors held its very first “RPAC-A-Thon” recently at its White Plains headquarters, raising more than $8,000 for RPAC, the Realtors Political Action Committee. The initiative, supported by the New York State Association of Realtors, brought in a dedicated group of HGAR members who reached out with phone calls to…

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Moving With Pets Doesn’t Have to be a ‘Cat-astrophe!’

May 2017

Buying or selling a home can be stressful enough for humans, but when you enter your four-legged family members into the mix, the fur could really start to fly! In addition to constantly cleaning up shedding pet hair, home sellers are often at a quandary of where to keep their pets during home showings. Dana…

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Bronxville Real Estate Rebrands as Park Sterling Realty

May 2017

BRONXVILLE—Citing a continuing trend in the real estate brokerage business away from provincial offices that service a few communities, the ownership of Bronxville Real Estate announced today that it will now operate as Park Sterling Realty. The firm’s rebranding is intended to convey the geographic reach of its customer base that far extends from the…

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Appeals Court Says County Engaging in ‘Total Obstructionism’

May 2017

NEW YORK—The Second Circuit Court of Appeals in a unanimous ruling found that Westchester County has failed to comply with certain requirements of the 2009 fair housing court settlement. In a scathing rebuke of the county’s long-held arguments to the contrary, the Second Circuit Court upheld previous federal district court rulings that the county had…

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Houlihan Lawrence Strikes Deal With the ‘Uber of Helicopters’

April 2017

RYE BROOK—Residential brokerage firm Houlihan Lawrence announced on April 25th that it entered an exclusive marketing partnership with BLADE, a private aviation startup that has been coined by some as “the Uber of Helicopters.” The partnership, which began this month, will bring prominent exposure for properties listed with Houlihan Lawrence, appearing to BLADE fliers throughout…

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Builders Say Canadian Lumber Tariff Will Be Costly for Homebuyers and Economy

April 2017

WASHINGTON—The Trump Administration’s decision earlier this week to impose tariffs or duties on Canadian imported lumber could have significant impacts on prospective new homebuyers as well as the U.S. economy, the National Association of Home Builders warns. Earlier this week, the Trump Administration announced it was imposing tariffs on imported Canadian lumber ranging from 3.02%…

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Westchester’s Housing Market Offers Opportunities for Buyers and Sellers

April 2017

Westchester County is vibrant and spring always ignites a sense of urgency in the residential sales market. Buyer demand is high and sellers who have priced their homes wisely have seen them sell quickly. However, overvalued homes sit on the market for some time. The strong buyer demand, combined with low for-sale inventory, have fueled…

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