Residential

Astorino: Westchester Has Spent $82M on Fair Housing Case

December 2016

WHITE PLAINS—As expected, Westchester County Executive Robert Astorino reported that the county had surpassed the court-mandated fair housing development benchmark of having financing in place and/or building permits issued for 750 units of affordable housing in 31 communities by the end of 2016. Astorino at a Dec. 27th press conference at the Michaelian Office Building…

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Rising Mortgage Rates Will Affect Home Sales Volume in 2017

December 2016

WASHINGTON—Shrinking consumer confidence due to declining housing affordability, combined with rising mortgage interest rates are expected to put downward pressure on home sales volume nationwide, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors. In NAR's recently released fourth quarter Housing Opportunities and Market Experience (HOME)…

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All Indicators Point to Growing Rockland Housing Market

December 2016

How do you summarize the 2016 real estate market in Rockland county in three words or less? On the Move! My prediction for 2017 is that Rockland County’s residential market will continue to keep on moving. We have seen very strong indicators of a growing market and we have posted some of the strongest numbers…

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Keller Williams Realty Group Sponsors Fundraiser for Tuckahoe Senior Center

December 2016

SCARSDALE—Keller Williams Realty Group Market Center recently hosted its annual Masquerade Ball, which raised more than $10,000 for the Tuckahoe Senior Citizens Center. “We believe in supporting the community where we live and work,” said Jamal Hadi, operating principal of Keller Williams Realty Group. “It’s our way of saying thank you to our friends, neighbors…

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State, City Crack Down on Building Owners For Non-Compliance With 421-A Regulations

December 2016

NEW YORK—Attorney General Eric T. Schneiderman, New York City Mayor Bill de Blasio and Governor Andrew M. Cuomo recently announced that the New York City Department of Housing Preservation and Development issued letters notifying owners of 178 residential buildings—with a total of 1,400 rental apartments—that their 421-a tax benefits will be revoked retroactively if they…

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Mid-Hudson Region Secures $83M in State Grant Funds

December 2016

Legoland Project Awarded $3 Million  ALBANY—The Mid-Hudson Valley region came out the big winner in this year’s Consolidated Funding Awards, netting $83.3 million in state aid that will support 105 economic development/infrastructure projects in the seven-county region. In an announcement on Dec. 9, Gov. Andrew Cuomo awarded a total of $716.9 million in CFA funding…

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SPOTLIGHT ON: HGAR Affiliate of the Year JoAnne Murray

December 2016

JoAnne Murray, president of the Allan M. Block Agency, Inc. in Tarrytown, had no idea that she was going to be honored as the HGAR “Affiliate Member of the Year” at the Annual Meeting and Member Appreciation Day in October. “When I heard my name called, I was so shocked that I just sat there…

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Report: Demographic Shifts, Consumer Demand Will Keep U.S. Suburbs Thriving

December 2016

WASHINGTON—Suburban housing markets across the United States are evolving rapidly and overall remain well-positioned to maintain their relevance in the years ahead as the places where most Americans live and work, even as many urban cores and downtown neighborhoods continue to attract new residents and businesses, according to a new publication from the Urban Land…

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Loew’s Theater Groundbreaking a Precursor to Building Boom

December 2016

NEW ROCHELLE—A groundbreaking was staged at the long-shuttered Loew’s Theater in New Rochelle on Nov. 30 for a much-anticipated $120-million mixed-use high-rise tower. However, while definitely cause for celebration, city officials and the developer say the event was just the first of what they expect will be a host of new commercial developments that will…

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Young Realtor and Cancer Survivor Publishes First Book

November 2016

WEST NYACK—Tiera Rice, 27, has joined the growing number of Hudson Valley real estate professionals who are also authors. The West Nyack Realtor, who works with R2M Realty Inc. in Nyack, just finished her first novel, “Awakening” the Bloodline Series, Book 1. It’s a fictional story about a subject that is far removed from real…

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State, National Home Sales Post Strong Gains in October

November 2016

ALBANY—Home sales in October posted strong gains both in New York State and nationally. The New York State Association of Realtors reported on Nov. 22 that home sales in the Empire State reached the second highest October monthly total on record. Home sales in the Empire State dipped slightly from one year ago, but still…

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GDC ‘Tops Off’ River Tides Tower

November 2016

YONKERS—Ginsburg Development Companies recently joined with Yonkers Mayor Mike Spano along with other city officials and dignitaries to celebrate the “topping off” of River Tides at Greystone, a new 330-unit luxury rental building featuring resort-class amenities and spectacular views of the Hudson River and Palisades. The Nov. 2 event marked the completion of the final…

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Jamison Named RE/MAX NY Region Director

November 2016

DENVER—RE/MAX, LLC, announced that Sandy Jamison has been promoted to Director, Region Development, for the global real estate franchisor’s New York region. Jamison previously worked with the region as a Franchise Development Consultant. In her new managerial role, Jamison is tasked with building meaningful relationships with the numerous brokers in the New York region and…

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DSF Group Pays $149 Million For New Rochelle Rental Tower

November 2016

NEW ROCHELLE—Boston-based DSF Group has acquired the La Rochelle, a 412-unit, 25-story luxury apartment tower in New Rochelle, for $148.5 million. The deal was announced by Holliday Fenoglio Fowler, L.P., which marketed the property exclusively on behalf of the seller, 255 Huguenot Street, Corp.  The DSF Group purchased the asset free and clear of existing…

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William Raveis Legends Realty Acquires Tarrytown Brokerage Firm

November 2016

TARRYTOWN—William Raveis Legends Realty Group has acquired Hudson Homes Sotheby’s International Realty, increasing its presence in the key Rivertowns market of Tarrytown. William Raveis Legends is shifting its existing Tarrytown offices across the street to the larger Hudson Homes space at 38 Main St. The merger now brings the brokerage firm’s agent roster to more…

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NAR Approves HGAR Merger With Manhattan Association of Realtors

November 2016

WHITE PLAINS—The Hudson Gateway Association of Realtors reports that the National Association of Realtors has approved its proposed merger with the Manhattan Association of Realtors (MANAR). Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, told Real Estate In-Depth that NAR approved the merger deal on Wednesday, Nov. 2. The merger, which becomes effective…

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NJ-Based HomeBridge Financial to Purchase Operating Assets of Prospect Mortgage

November 2016

ISELIN, NJ—HomeBridge Financial Services, Inc., a national independent mortgage lender based here, announced on Nov. 1 the signing of a definitive agreement to purchase the operating assets of Prospect Mortgage, LLC from Prospect Holding Company, LLC. The asset purchase consists primarily of the loan production platform. As a result, HomeBridge will become one of the…

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BH&G Rand Realty Opens New Office in Bronx

November 2016

NEW YORK—Better Homes and Gardens Rand Realty held an official ribbon cutting ceremony on Oct. 25 for its new Bronx office on East Tremont Avenue. A host of dignitaries attended the event at Rand Realty’s new office at 3432-06 East Tremont Ave. The brokerage firm’s new location, which opened back in May, hosts 15 agents.…

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