Residential

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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Realtors Author Books on Keys to Healthy Living and Long Life

October 2016

Karen Mayo of Exit Realty in Elmsford and Gwen Weiss-Numeroff of Keller Williams Hudson Valley Realty in New City have more in common than just selling real estate—they have both authored books about staying healthy and living a long life. A Realtor since 2013, Mayo worked in banking and mortgage financing with firms like Wells…

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Airbnb Sues NY State Over NY Law Regulating NYC Rentals

October 2016

NEW YORK—Shortly after Gov. Andrew Cuomo signed legislation that would impose fines of up to $7,500 on hosts of rental housing portal Airbnb that break state and local housing regulations, Airbnb filed a federal lawsuit on Friday Oct. 21 to overturn the legislation. According to a report in the New York Times, Airbnb contends in…

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HGAR Kicks off new “Breakfast with Benefits” Program with SunBlue Energy

October 2016

HGAR recently launched its new “Breakfast with Benefits” program, designed to provide free and interesting information to HGAR members. The Association kicked off the program with guests from SunBlue Energy of Sleepy Hollow, a company specializing in solar energy solutions and systems in the Hudson Valley. More than 75 people attended the event, held at…

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Hudson Valley Home Market Continues Healthy Sales Gains

October 2016

WHITE PLAINS–The third quarter in the four-county region of the Hudson Gateway Association of Realtors continued an all too familiar, albeit pleasant theme—continued strong sales volume and little price appreciation that might put the brakes on activity going forward. According to the third quarter residential real estate sales report released recently by the Hudson Gateway…

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State Court Ruling Backs Kiryas Joel’s Annexation

October 2016

MONROE—New York State Supreme Court Justice Gretchen Walsh has found no reason to invalidate the environmental review or the controversial approval of a 164-acre annexation of properties in the Town of Monroe to Kiryas Joel. The 94-page decision was a victory for Kiryas Joel and a setback for Orange County, eight municipalities and Preserve Hudson…

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BARRISTER'S BRIEFING: An Overview on Foreclosure Process in New York State

October 2016

New York State currently has the longest foreclosure timeline in the country, typically just under three years. If you are a homeowner in New York facing the prospect of foreclosure, this article is designed to give you a brief overview of the foreclosure process in our state. Foreclosures are judicial in New York, which means…

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U.S. Attorney Files Civil Rights Suit Against Multifamily Developer Over Handicapped Access at Projects

September 2016

NEW YORK—U.S. Attorney Preet Bharara announced on Sept. 28 that the federal government had filed a civil rights suit against longtime Westchester developer Ginsburg Development Companies of Hawthorne for alleged design failures over handicapped access at two completed rental communities in Rockland County. The U.S. Attorney for the Southern District also reported that the U.S.…

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Rockland County Crackdown Nets Millions of Dollars in Unpaid Taxes

September 2016

NEW CITY—Days after Rockland County Executive Ed Day announced that he was making good on a promise to foreclosure on non-residential properties with long outstanding tax bills, the owner of the property with the largest delinquency paid his obligations in full. A certified check in the amount of $81,173.32 was received by the Rockland County…

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Houlihan Lawrence Reopens Storied Bronxville Office

September 2016

BRONXVILLE—Residential brokerage firm Houlihan Lawrence recently announced the grand re-opening of its historic Bronxville brokerage office at 4 Valley Road. To celebrate Houlihan Lawrence’s investment in its Bronxville brokerage and continued success in the community, their team opened its office doors to the surrounding community for a night of live music, cocktails and hors d’oeuvres…

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Café Realty Celebrates Third Anniversary Moving to Larger Offices in Mount Kisco

September 2016

MOUNT KISCO—Café Realty will host a grand opening celebration at its new expanded location in Mount Kisco at 239 Lexington Ave. on October 19. The office opening coincides with the company’s third anniversary in business. “We are pleased to extend this invitation to the real estate community, said Carol Christiansen Principal Broker/Owner. “The office is…

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Report: NYC Metro Top Market in Need of More Single-Family Housing

September 2016

WASHINGTON—Single-family home construction is currently lacking in 80 percent of measured metro areas despite steady job creation and the low activity is creating a housing shortage crisis that is curtailing affordability and threatening to hold back prospective buyers in many of the largest cities in the country, according to new research from the National Association…

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Elmsford Housing Developer Tabbed to Build Housing at Former Reader’s Digest Headquarters

September 2016

CHAPPAQUA—Development firm Wilder Balter Partners of Elmsford has been selected to turn the iconic cupola building of the former Reader’s Digest headquarters here into a unique and innovative mix of market rate, workforce and affordable apartment homes—The Apartments at Chappaqua Crossing. The Elmsford-based developer has signed a long-term lease for the classic building with Summit/Greenfield…

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Orange County Housing Market Moving in Right Direction

September 2016

The real estate market in 2016 has been extremely busy in Orange County. I believe that the biggest change this year has been the large increase in the number of homes that have sold. In both the first and second quarter, Orange County has seen an increase in the number of homes sold by about…

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