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…
Read MoreSHELTON, 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.…
Read MorePrices 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…
Read MoreWHITE 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…
Read MoreFISHKILL—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…
Read MoreRenee 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…
Read MoreMONROE—Lydia Hendricks, manager of Weichert, Realtors’ Monroe office, recently announced that her office donated more than 100 toys to the Monroe Police Department as part of the 37th Annual Weichert, Realtors Toy Drive. “We are honored to work with hand in hand with the Monroe Police Department and assist them in their efforts to make…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreMADISON, 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…
Read MoreEditor’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…
Read MoreNEW 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…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreWASHINGTON—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…
Read MoreSLEEPY HOLLOW—With approvals in hand for its first phase of development, the developer of what is now being called the “Edge on Hudson” development at the former General Motors assembly plant property here expects to commence site work and necessary infrastructure upgrades in early 2016 to ready the site for what will be a massive…
Read MoreALBANY—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…
Read MoreThere 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…
Read MoreWASHINGTON— 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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