Residential

Adobe Signs Major Lease Renewal, Expansion

October 2019

NEW YORK—Multinational computer software company Adobe Inc. has signed a 109,296-square-foot lease at 1540 Broadway, a 44-story, Class-A office building in Manhattan. Adobe has renewed its 27,323-square-foot lease on the entire 17th floor and is expanding by an additional 81,972 square-feet of office space on floors 18, 19 and 20. The CBRE team of Mary…

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Cushman & Wakefield Named Agent For OZ Development Site in the Bronx

October 2019

NEW YORK—Cushman & Wakefield announced on Oct. 9 that it has been retained on an exclusive basis to market for sale 773 Grote St., a 23,021-square-foot residential development site in an opportunity zone in the Bronx. A Cushman & Wakefield team consisting of Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker and Shayne Soltan will…

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RE/MAX Opens First Office in Manhattan

October 2019

NEW YORK—RE/MAX reported on Oct. 14 that it is expanding its brand in the New York market by opening its first Manhattan office—RE/MAX 100 at 1412 Broadway in Times Square. The office was launched earlier this month by real estate professional Shovkat Mamedov who, along with her team, will bring RE/MAX’s world-class services to this…

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HGAR Region Posts Solid Sales in Third Quarter

October 2019

WHITE PLAINS—A solid third quarter for residential sales in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service, Inc. (HGMLS) appears to indicate that the housing market remains vibrant, experiencing modest, but sustainable gains. Single-family residential sales remained on solid footing with anywhere from a 1% gain in unit sales in…

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$177M Yonkers Project Lands IDA Incentives

October 2019

YONKERS—A $177.3-million waterfront project being developed by New York City-based Rose Associates on Alexander Street here has secured incentives from the Yonkers Industrial Development Agency. The project at 57 Alexander St. that will convert an industrial building into a multifamily complex secured the incentives at the Oct. 2 meeting of the Board of Directors of…

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Megalith Capital Cuts Ribbon on Printhouse Mixed-Use Project in Downtown New Rochelle

October 2019

NEW ROCHELLE—Developer Megalith Capital Management joined New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Commissioner of Development Luiz Aragon and other city officials for a ribbon-cutting ceremony on Oct. 4 to mark the grand opening of the firm’s The Printhouse project. The six-story, 71-unit luxury mixed-use Printhouse development is located at 165…

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J. Philip Real Estate Increases Staff; Standardizes Productivity and Services

September 2019

MAHOPAC—J. Philip Real Estate of Putnam County announced on Sept. 16 that the firm has raised the bar on its custom brand standards of agent training. Designed to reflect J. Philip’s unique productivity and client service approach, the enhanced training model is backed by talent and proven industry best practices, the brokerage firm reported. A…

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GDC Celebrate Completion of Construction Of First Phase of The Waterfront at Harbors

September 2019

HAVERSTRAW—Ginsburg Development Companies was joined by town, village and Rockland County officials on Sept. 12 to celebrate the completion of construction of phase one of GDC’s latest luxury waterfront development—The Waterfront at Harbors. Located as part of GDC’s Harbors-at-Haverstraw condominium community on the Hudson River, The Waterfront at Harbors features single-level two- and three-bedroom condominium…

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Houlihan Lawrence Names Liz Nunan President

September 2019

RYE BROOK—Houlihan Lawrence announced on Sept. 16 that Liz Nunan has been promoted to President of the brokerage firm. Previously the company’s Chief Operating Officer, Nunan will now oversee all aspects of Houlihan Lawrence’s operations, including the company’s residential and commercial brokerage divisions, with 30 offices and 1,300 agents. Nunan’s promotion is accompanied by other…

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Ratings Agency Says GSE Reform Could Take Years to Implement

September 2019

WASHINGTON—A host of housing and finance organizations have expressed support for the plans submitted by the Trump Administration, specifically the Treasury Department and the U.S. Department of Housing and Urban Development, earlier this month to reform the housing finance system and the Government-Sponsored Enterprises Fannie Mae and Freddie Mac. The Treasury Housing Reform Plan consists…

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Pioneer Westchester Commercial RE Developer Robert Weinberg Dies

September 2019

NEW YORK—While visionary commercial and residential developer Robert Weinberg passed away at his home in Manhattan at the age of 90 on Sept. 3, his legacy in Westchester County and the surrounding suburbs will live on for generations to come. Weinberg will be best remembered for co-founding Robert Martin Company of Elmsford with partner Martin…

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Pending Home Sales Drop 2.5% in July

September 2019

WASHINGTON—Uncertainty over the direction of the U.S. economy has trumped very low mortgage interest rates, according to the National Association of Realtors. NAR recently reported that pending sales in the United States fell 2.5% in July. Pending sales in the Northeast fell less than 2% in July, as compared to a month earlier. Of the…

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Yonkers Apartment Tower Trades for $48 Million

September 2019

YONKERS—The 311-unit Parkledge apartment tower here has been acquired by the Hudson Valley Property Group, LLC for $48.3 million. The transaction for the affordable rental apartment complex was reported by CBRE Affordable Housing and CBRE’s New York Institutional Group. Tim Flint, executive vice president of CBRE Affordable Housing, along with CBRE’s Jeff Dunne, Gene Pride…

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HGAR’s Haggerty Makes the Case for a Unified Listing System

August 2019

NEW YORK—Inaccurate data is the major driver of financial and time drains for residential real estate professionals, according to Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, Inc., and president of the New York MLS, LLC. That’s why the time has come for a unified Multiple Listing Service in New York, he noted.…

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