Residential

Cushman & Wakefield Brokers Fishkill Multifamily Sale

January 2016

FISHKILL—The Village at Merritt Park has traded ownership in a sale orchestrated by commercial real estate services firm Cushman & Wakefield. Hampshire Properties acquired the 360-unit luxury rental apartment community from TGM Associates. Andrew Merin, Karen Iman, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt and Ryan Dowd of Cushman & Wakefield’s Metropolitan Area Capital…

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Veteran Real Estate Broker Marcene Hedayati Installed as 2016 President of HGAR

January 2016

Renee Zurlo Takes Reins of HGMLS WHITE PLAINS—In a celebration befitting the organization’s 100th anniversary, the Hudson Gateway Association of Realtors held a gala event at the Ritz-Carlton Westchester hotel on Thursday, Jan. 21 to install its chief officers and directors for 2016. The highlight of the evening that drew more than 320 attendees was…

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25 Associate Brokers Graduate Floyd Wickman S.M.A.R.T Program

January 2016

WHITE PLAINS—Gail Fattizzi, executive director of Westchester Real Estate, Inc. announced that 25 associate brokers and salespersons in the organization graduated from Floyd Wickman’s S.M.A.R.T. program on November 23, 2015 at the Hudson Gateway Association of Realtors offices in White Plains. The S.M.A.R.T. program focuses on presentation, negotiation and selling skills, creating a permanent referral…

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Westchester Foreclosure Judgments Reach Record Highs

January 2016

WHITE PLAINS—The Westchester County Clerk’s office reported on Jan. 5 that foreclosure judgments reached record highs in 2015. A total of 1,178 judgments were entered last year, the highest in a decade. “The alarming increase in judgments recorded in Westchester County in 2015 is indicative of a foreclosure crisis that continues to linger,” reported Westchester…

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Valvano Named President of CB Residential in Westchester/CT

January 2016

MADISON, NJ—NRT LLC, the nation's largest residential real estate brokerage company, announced on Jan. 13 that Joseph Valvano has been promoted to the role of president of Coldwell Banker Residential Brokerage in Connecticut and Westchester County. In his new position, Valvano will lead the company’s sales operations and business development, and oversee the daily operations…

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Hudson Valley Home Sales Reach Pre-Recession Levels

January 2016

Editor’s Note: The following is the full text version of the 2015 Fourth Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York released today by the Hudson Gateway Multiple Listing Service, Inc. WHITE PLAINS—The recovery of the real estate market in the lower Hudson region continued apace in 2015…

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New Rochelle City Council Approves Massive Downtown Development Plan

December 2015

NEW ROCHELLE—The New Rochelle City Council unanimously approved a new zoning plan on Dec. 8th that paves the way for millions of square feet of mixed-use development in the city’s downtown. The adoption of the Downtown Overlay Zone and Community Benefits Policy by the City Council on Tuesday evening concludes a year-long research, planning and…

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Sisters of The Divine Compassion Complete Campus Sale

December 2015

WHITE PLAINS—The Sisters of the Divine Compassion announced recently the completion of the sale of their Good Counsel property at 52 North Broadway in White Plains to WP Development NB LLC. The purchase price was not disclosed. A key element of the sale is the preservation and enhancement of the church on the property, the…

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Westchester IDA, LDC Supported $842 Million in Projects in 2015

December 2015

WHITE PLAINS—Westchester County Executive Robert P. Astorino announced on Dec. 10th that 2015 was a banner year for the Westchester County Industrial Development Agency and the Local Development Corporation, which supported 14 projects with total private investment of more than $842 million. The IDA and LDC projects, which ranged from major residential buildings in downtown…

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Westchester Scores Victory in Fair Housing Court Case

December 2015

WHITE PLAINS— Westchester County secured a key victory in what has become an acrimonious affordable housing settlement with the federal government recently when the U.S. Magistrate Gabriel W. Gorenstein ruled that the county had provided financing for enough units to meet its 2014 benchmark and that there was no basis for the county to be…

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Markets That Will Make a Splash in 2016

December 2015

WASHINGTON—Several markets across the country are poised for substantial growth in home prices and sales in 2016 – likely topping 2006 even, according to Realtor.com’s recently released housing forecast. Growing household formation, a strengthening job market, and low unemployment rates are good signs that can get more millennials, young Gen-Xers, and retirees moving. However, there…

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NYSAR Talks Up First-Time Buyer Proposal

November 2015

  ALBANY—Last month, New York State Association of Realtors CEO Duncan MacKenzie and NYSAR Government Affairs Director Mike Kelly attended a meeting with representatives from Gov. Andrew Cuomo’s office and the Division of Budget on an initial proposal to implement a statewide First-Time Home Buyer Savings Account program. The program, outlined in NYSAR’s 2015 legislative…

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ROCKLAND: 2015 Was a Banner Year for Rockland’s Housing Market

November 2015

There is this really talented and cool guy with the patience of a saint. His name is John Jordan. He is affable, smart and really talented when it comes to his job as being editor of Real Estate In Depth...He is a great conversationalist, as one can imagine a "newspaperman" would be. There is only…

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Existing-Home Sales Regain Momentum in September

November 2015

WASHINGTON— Existing–home sales rebounded strongly in September following August's decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors. All four major regions experienced sales gains in September. Total existing–home sales, which are completed transactions that include single–family homes, townhomes, condominiums and co–ops, increased 4.7% to a seasonally…

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Warwick Realty Firm Goes Green for Veterans

November 2015

WARWICK—The Green Team Home Selling System in the Village of Warwick recently got on board with a national promotion designed to encourage people to honor our veterans by changing one light to green in a visible location at home or office as a symbol of appreciation and support for our veterans. Jen DiCostanzo, an associate…

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Weichert, Realtors Launches 37th Annual Toy Drive Campaign

November 2015

MORRIS PLAINS, NJ—The Weichert Family of Companies recently announced the start of the 37th Annual Weichert Toy Drive. Members of the community are invited to drop off new, unwrapped toys at the company’s sales offices through Dec. 11. The toys will be delivered throughout the holidays in conjunction with local charities that assist financially and…

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Cardillo Donates to Purple Heart Homes NY

November 2015

YORKTOWN HEIGHTS—Lou Cardillo of the Lou Cardillo Home Selling Team donated $500 to the Purple Heart Homes NY Downstate Chapter for the 5th Annual Veterans Thanksgiving Dinner. In July, Cardillo announced that he would be partnering with the Purple Heart Home NY Downstate Chapter and Carmel Town Councilwoman Suzi McDonough to continue the annual Veterans…

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NAR Offers Resources to Enhance Realtor Safety

November 2015

SAN DIEGO, CA—Throughout 2015, the National Association of Realtors has enhanced and expanded upon its more than a decade old Realtor Safety program, developing new materials, creating additional resources and providing members with everything they need to feel empowered and confident in their personal safety. Once a week, NAR now shares safety tips via Facebook,…

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