Residential

Rand R.E. Academy Opens in Hawthorne, NJ

February 2016

NANUET—The Rand Real Estate Academy announced earlier this month that it has opened at 200 Grand Ave. in Hawthorne, NJ, with approved satellite locations in Bergen County. “At our academy, we want to provide a basic knowledge of real estate and the tools students will need in order to pass the New Jersey licensing exam,”…

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Hudson Affiliates Sponsor Ardsley Cub Scouts Event

February 2016

ARDSLEY—Saturday, Jan. 31 was an exciting day at the Ardsley Middle School as the Pack#3 Cub Scouts carried-on the tradition of racing cars carefully crafted from a block of wood, four axels and plastic wheels. Cheryl Mathew, broker/owner of Hudson Affiliates, Inc. of White Plains, was on hand to judge and present speed trophies and…

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Rental Development Pipeline Growing in Westchester

January 2016

WHITE PLAINS—The multifamily sector in Westchester County is getting stronger and the development pipeline for rental units is growing as developers hope to capture Millennials seeking housing in a live-work-play environment. With major projects under construction in White Plains, such as 55 Bank St., and in Yonkers along the Hudson River waterfront, as well as…

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Bill Raveis Passes Torch Of Brokerages to Sons

January 2016

  SHELTON, CT—Bill Raveis, chairman and CEO of William Raveis Real Estate, Mortgage & Insurance, the largest family-owned real estate brokerage company in the Northeast, recently named his two sons, Chris Raveis and Ryan Raveis, as Co-Presidents of William Raveis, Inc. William Raveis, Inc. is comprised of real estate, mortgage and insurance and commercial assets.…

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Hudson Valley Homes Sales Soar in Fourth Quarter

January 2016

Prices Continue to Stabilize WHITE PLAINS—During the recession, Realtors in the Hudson Valley had to deal with the bad market that featured little sales activity and prices in free-fall. Today, conditions are much different, but Realtors now face dealing with both the good and the bad. The good is a robust sales market, the bad…

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ERA Insite Realty Holds Food and Coat Drives

January 2016

WHITE PLAINS—ERA Insite Realty Services of White Plains recently concluded two successful collections for food and warm coats, with all donations going to support local families. Donations were accepted at the firm’s three offices in White Plains, Thornwood and Bronxville, and were promoted through social media, local events and company communications. The proceeds of the…

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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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