Residential

HVEDC Announces New Partnership With Westchester County Association

October 2018

GOSHEN—The Hudson Valley Economic Development Corp. and the Westchester County Association announced on Oct. 8 the launch of what they term as a “strategic partnership to grow specific industry sectors such as healthcare and real estate, expand on each other’s workforce development initiatives and close the digital divide through programs that promote gigabit-speed broadband connectivity.”…

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New Multifamily Project in New Rochelle Breaks Ground

October 2018

NEW ROCHELLE—YoungCraft, a locally-based real estate development company, held a groundbreaking ceremony on Oct. 3 at the future site of The Rockwell, a more than 160,000-square-foot mixed-use development at 583 North Ave. here. Robert Young and Phil Craft, principals of YoungCraft, were joined at the project site by New Rochelle Mayor Noam Bramson, City Manager…

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$203M AT&T Building Redevelopment Moving Forward

September 2018

WHITE PLAINS—The more than $200-million plan by New York City developer Rose Associates to redevelop what has been considered for years an eyesore—the AT&T building in Downtown White Plains—into a mixed-use project that would feature 468 rental apartment units cleared a major hurdle, but with one caveat. The Westchester County Industrial Development Agency granted a…

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HVEDC Forms Strategic Research Partnership with Pattern for Progress

September 2018

GOSHEN—The Hudson Valley Economic Development Corp. and Hudson Valley Pattern for Progress announced on Sept. 25 they had formed a strategic partnership. Goshen-based HVEDC is the Hudson Valley’s leading economic development agency and Pattern for Progress, based in Newburgh, is the Hudson Valley’s primary public policy and think tank organization. Pattern for Progress is a…

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Historic Rehabilitation of Newburgh’s East End Apartments Completed

September 2018

NEWBURGH—New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas announced Sept. 25 the opening of a $15-million scattered-site project that renovated 15 abandoned properties to create 45 new affordable apartments in a four-block area of Newburgh’s East End. Called East End Apartments, state and city officials say the development is helping to revitalize the…

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Northeast Existing-Home Sales Increased in August; Mixed Results in Other Regions

September 2018

WASHINGTON—Existing-home sales remained steady in August after four straight months of decline, according to the National Association of Realtors. Sales gains in the Northeast and Midwest canceled out downturns in the South and West. A bright spot for the residential markets was in the Northeast, which saw its August existing-home sales rise 7.6% to an…

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Realtors Testify on Merits Of Co-Op Disclosure Bill

September 2018

WHITE PLAINS—Several Realtors testified before the Westchester County Board of Legislators on Sept. 17 in support of the pending Co-Op Disclosure bill that would mandate cooperative boards render a decision in a certain time frame on an application as well as disclose reasons for an applicant’s denial. The testimony given prior to the start of…

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HGAR, LIBOR Boards Sign Key Agreement To Create New Regional MLS Next Year

September 2018

WHITE PLAINS—The Hudson Gateway Association of Realtors and the Long Island Board of Realtors have announced that their efforts to create a consolidated new regional Multiple Listing Service that would benefit approximately 40,000 subscribers had cleared a significant milestone. The two largest Realtor associations in New York State reported that their respective Boards of Directors…

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GDC Celebrates Fort Hill Grand Opening

September 2018

PEEKSKILL—Ginsburg Development Companies joined with Peekskill and Westchester County officials on Sept. 12th for the Grand Opening of GDC’s latest luxury development—Fort Hill Apartments at The Abbey Inn. The $64.5 million mixed-use project is transforming a former convent property into a resort enclave featuring 178 one- two- and three-bedroom rental apartments as well as a…

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RE/MAX Town & Country Opens in Fishkill

September 2018

FISHKILL—RE/MAX Town & Country Broker/Owner Howard Payson announced recently the scheduled Grand Opening Day on Sept. 15th of the new RE/MAX Town & Country real estate office located at 584 Rt. 9 in Fishkill. A celebratory Dutchess County Regional Chamber of Commerce ribbon-cutting ceremony was scheduled to be held on Sept.17th. “The RE/MAX brand is…

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WRO to Honor Former HGAR President Botsoe

September 2018

NEW ROCHELLE—Westchester Residential Opportunities will honor HGAR’s 2017 President Dorothy Botsoe at its gala set for Wednesday, Oct. 10 from 6 pm. to 9:30 p.m. at the VIP Country Club in New Rochelle. Botsoe is the principal broker of Dorothy Jensen Realty, Inc. in White Plains. Last year, Botsoe became the first black president in…

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Yonkers IDA Approves Perks for Major Waterfront Project

September 2018

YONKERS—New York City developer Extell’s proposed $502-million mixed-use waterfront project here has received approximately $21.3 million in incentives from the Yonkers Industrial Development Agency. Yonkers IDA officials stated that the incentives granted to Extell is the largest package of incentives offered by the authority in its history. The Yonkers IDA conveyed the perks to Extell…

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Nunan Named COO of Houlihan Lawrence

September 2018

RYE BROOK—Houlihan Lawrence has announced the appointment of Elizabeth Nunan, a 20-year veteran of the company, as chief operating officer. Nunan, who spent 20 years at Houlihan Lawrence heading its Global Business Development team, most recently worked as the executive vice president of Member Services at Leading Real Estate Companies of the World (LeadingRE), an…

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NAR Chief Economist Debunks Fears of Severe Market Slowdown

August 2018

WASHINGTON—American financial and lending systems look vastly different nearly a decade after the defining moments of the Great Recession, thanks in part to safe and sound lending and regulatory policy reforms, strongly supported by the National Association of Realtors. Today, home prices are at or approaching record highs in many markets, and mortgage default and…

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NAR: Northeast Existing-Home Sales Slip 8.3% in July

August 2018

WASHINGTON—Existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors. The West was the only major region with an increase in sales last month. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops,…

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Latimer Hopes Deal is Worked Out On Co-Op Disclosure Legislation

August 2018

WHITE PLAINS—In an exclusive interview with Real Estate In-Depth, Westchester County Executive George Latimer said he is hopeful that issues can be addressed in the next few months to allow a bi-partisan co-op disclosure bill to come before him for signature. County Executive Latimer, while not taking sides in the debate, noted that Realtors and…

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RE/MAX Edge Opens Second Office in Brooklyn

August 2018

NEW YORK—RE/MAX Edge recently opened its second office in Brooklyn with a ribbon cutting ceremony, Open House and community celebration. The newly opened office, located at 9425 3rd Ave. in Bay Ridge, Brooklyn, is the second full service real estate location for Broker/Owner Michael Napolitano and will provide comprehensive residential and commercial real estate services…

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Garson Brothers Firm Breaks Ground On The Cove at Library Lane Project

August 2018

MAMARONECK—Developers Brett and Tosh Garson surrounded by 40 friends, family and business associates hosted a groundbreaking ceremony for its newest luxury boutique project located at 145 Library Lane. Congratulatory remarks were given by New York State Senator Shelley Mayer, and Lisa Urban representing New York State Assemblyman Steven Otis. The Cove at Library Lane will…

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