Residential

Ellis Sotheby’s Int. Realty Raises Funds to Build Home in Haiti

August 2017

NYACK—Ellis Sotheby’s International Realty reported recently it had successfully raised more than $6,000 this summer to build a hurricane-resistant house for a Haitian family through its partnership with New Story, a non-profit that works to transform dangerous living environments into communities of safe, sustainable homes. One hundred percent of the funds raised by Ellis Sotheby’s…

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Houlihan Lawrence Opens Renovated Yonkers Office

August 2017

YONKERS— Following an extensive remodel and expansion project, real estate brokerage firm Houlihan Lawrence recently held a grand opening event for its Yonkers office. Guests including Yonkers Mayor Mike Spano, Houlihan Lawrence CEO Stephen Meyers and President Chris Meyers, enjoyed cocktails and hors d'oeuvres. The ribbon cutting ceremony at the 55 East Grassy Sprain Road…

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U.S. Pending Home Sales Reverse Course in June

August 2017

WASHINGTON— After declining for three straight months, pending home sales reversed course in June as all major regions, with the exception for the Midwest, saw an increase in contract activity, according to a recently released report by the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed…

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Douglas Elliman Signs Deal to Acquire California Brokerage

August 2017

NEW YORK—Residential real estate brokerage firm Douglas Elliman announced on Aug. 1 that it entered into a contract of sale to acquire Los Angeles-based Teles Properties. Upon closing, the operations of Teles will be under the umbrella of Douglas Elliman, making Elliman the second largest non-franchise brokerage firm in the State of California. Teles partners…

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RXR Realty Proposes Second Major High-Rise Project in New Rochelle

July 2017

NEW ROCHELLE—As promised by RXR Realty’s Seth Pinsky at a recent meeting of the Hudson Gateway Association of Realtors’ Commercial Investment Division, RXR has announced it intends to develop a second major development project in Downtown New Rochelle. RXR Realty, which is building a high-rise mixed-use project at the former Loew’s Theater site in Downtown…

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Public Hearings Set on Kiryas Joel Separation Petition

July 2017

GOSHEN—Could the acrimony and litigation between the Town and Village of Monroe and the orthodox Hasidic Jewish community of Kiryas Joel be coming to an end? A proposal is working its way through the Orange County Legislature that could bring a controversial proposal to legally separate what is now the Village of Kiryas Joel from…

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Astorino Claims Victory in Zoning Dispute With HUD

July 2017

WHITE PLAINS—A seven-year battle between Westchester County and the U.S. Department of Housing and Urban Development over terms of a controversial fair housing settlement appears to be finally winding down. On July 19th, Westchester County Executive Robert Astorino announced that HUD had accepted the county’s 11th submission of an Analysis of Impediments to Fair Housing…

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Hudson Valley Realtors Hoping With Rising Prices Comes New Listings

July 2017

WHITE PLAINS—The majority of the four-county Hudson Gateway Multiple Listing Service territory continued to enjoy sales volume increases in the second quarter, however the falling levels of for-sale housing inventory have constricted the rate of sales growth in most markets. Realtors interviewed by Real Estate In-Depth said they are hopeful rising for-sale home prices in…

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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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