NYACK—Ellis Sotheby’s International Realty reports it has teamed up with Edward Hooper House Museum & Study Center in Nyack to host a Golden Age of Hollywood-themed fundraiser on Oct. 6 from 7 p.m. to 10:30 p.m. to benefit arts education in Hudson Valley public schools. During the last two years, Ellis Sotheby’s International Realty and…
Read MorePEEKSKILL—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…
Read MoreFISHKILL—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…
Read MoreNEW 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…
Read MoreYONKERS—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…
Read MoreRYE 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…
Read MoreWASHINGTON—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…
Read MoreWASHINGTON—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,…
Read MoreWHITE 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…
Read MoreNEW 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…
Read MoreMAMARONECK—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…
Read MoreMAMARONECK—Elk Homes, a Rye-based developer of high quality rental and multi-family housing, has announced the start of sales of Coastal Court, an exclusive collection of luxury townhomes in the heart of Downtown Mamaroneck. Coastal Court features three townhome residences each with two bedrooms, two-and-a-half baths and 9- and 10-foot ceiling heights throughout. Two of the…
Read MoreNANUET—Better Homes and Gardens Rand Realty reported that it continues to grow its Northern New Jersey operations, following its Wayne office’s acquisition of Tri-County Realty, which was located in Wayne and owned by Joseph Palermo, a broker/salesperson. “I’ve had the privilege of leading my brokerage for 20 years, and I’m grateful to be given the…
Read MoreWHITE PLAINS—Westchester residential brokerage executives and industry analysts responding to multiple trade press reports of a troubled Westchester housing market caused by the impacts of the cap on state and local taxes, hit back saying demand is still high and prices are rising. Relying on the second quarter home sales market statistics released by the…
Read MoreWASHINGTON—Amidst staggeringly low inventory levels in much of the country during the second quarter, existing-homes sales cooled and home prices maintained their robust level of appreciation, according to the latest quarterly report by the National Association of Realtors released on Aug. 8. Last quarter, the San Francisco metro area joined the San Jose metro area…
Read MoreWHITE PLAINS—In a move that could eventually free up federal housing funding to county municipalities after being frozen for eight years due to the county’s fair housing battle with the U.S. Department of Housing and Urban Development, Westchester County Executive George Latimer has re-established the Westchester Urban County Consortium. The new consortium is comprised of…
Read MoreWASHINGTON—On July 31, President Donald Trump signed into law the “National Flood Insurance Program Extension Act of 2018” (S. 1182), which reauthorizes the Federal Emergency Management Agency to enter into new contracts for flood insurance through Nov. 30, 2018. The President’s action came after the U.S. Senate passed the short-term flood extension measure by an…
Read MoreYONKERS—The Yonkers Industrial Development Agency on July 26 announced it had approved financial incentives for the rehabilitation of a seven-story apartment building at 70 Ashburton Ave. The project, which involves the complete renovation of an existing vacant apartment building, is a transformative development for this corridor of the city that creates new housing opportunities and…
Read MorePEEKSKILL—The revitalization of Downtown Peekskill is moving forward with a host of projects underway. On July 26, Ginsburg Development Companies joined with Peekskill Mayor Andre K. Rainey and Deputy County Executive Ken Jenkins and other city and county officials to celebrate the Grand Opening of GDC’s Gateway Townhomes development. Meanwhile, GDC has commenced construction on…
Read MoreWASHINGTON— Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to a report released by the National Association of Realtors on July 23. The ongoing supply and demand imbalance helped push June’s median sales price to a new…
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