Residential

HGAR’s Cummins Named Manager Of Coldwell Banker’s Yorktown Office

July 2015

YORKTOWN HEIGHTS—Coldwell Banker Residential Brokerage in Connecticut and Westchester County announce on July 10 that longtime Mahopac resident Don M. Cummins III was appointed branch office manager of the company’s Yorktown Heights office. Cummins will be responsible for the oversight of approximately 50 real estate professionals serving homebuyers and sellers in Yorktown Heights, Jefferson Valley,…

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Berkshire Hathaway Enters Market With Two Buys

July 2015

SCARSDALE—The Berkshire Hathaway franchise entered the Westchester County residential real estate brokerage marketplace in a big way recently with the acquisition of two well-known Westchester County brokerage firms—the now former Prudential Centennial Realty in Scarsdale and Tri-Crest Realty, Inc. of nearby Eastchester. Berkshire Hathaway HomeServices New England Properties announced the acquisition of Prudential Centennial Realty,…

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Hudson Valley Home Sales Spike Sharply in Second Qtr.

July 2015

WHITE PLAINS—Strong buyer demand in the second quarter fueled a substantial increase in home sales in the four-county Hudson Gateway Association of Realtors market area, particularly in Orange County. The home sales recovery continued in the region with the only caveat being that home sale prices struggled in most counties in the region over the…

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Survey: Millennial Sentiment Trending Positively About Purchasing Homes

July 2015

MIAMI—Realtor.com, a leading provider of online real estate services operated by News Corp, recently revealed that Millennials have become more positive when it comes to taking the plunge into home ownership and are primed to gain market share in the second half of the year. The finding was based on the results of its consumer…

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Hudson Gateway REALTOR® Foundation To Host Inaugural Gala

July 2015

The Hudson Gateway REALTOR® Foundation will host its First Annual Gala on Thursdday Sept. 17 from 6p.m. to 11p.m. at Glen Island Harbour Club in New Rochelle.The event will benefit several local charities including Make-A-Wish® Hudson Valley, a non-profit group that grants the wishes of Hudson Valley children who are suffering with life-threatening medical conditions.…

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Vannucchi to Lead D. Elliman’s Westchester-CT Operations

July 2015

GREENWICH, CT—Douglas Elliman Real Estate has reported that Roberto (Rob) Vannucchi has been promoted to Executive Vice President, Connecticut and Westchester County. Vannucchi, a 22-year veteran of the real estate industry, is charged with leading the brokerage firm’s strategic growth into premier markets throughout the State of Connecticut and Westchester County. In this role, Vannucchi…

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Existing Home Sales Bounce Back Strongly in May

July 2015

WASHINGTON—Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors. Led by the Northeast, all major regions experienced sales increases in May. Total existing-home sales, which are completed transactions that include single-family…

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Three Years Later—Grading Our Progress

July 2015

I think we all like to believe that we embrace change and generally accept change until we have to deal with its reality. Four years ago the leadership of three organizations—the Westchester-Putnam Association of Realtors, Rockland County Board of Realtors and the Orange County Association of Realtors—sat down at the table and began to explore…

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County Executive Odell Points to Bright Future

July 2015

MAHOPAC—Putnam County Executive MaryEllen Odell said her administration continues to make headway into bringing new development to the “County of Main Streets.” Odell, the keynote speaker at the June 25th meeting of the Commercial Investment Division of the Hudson Gateway Association of Realtors, said she is bullish on the future of the county. She also…

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U.S. Pending Home Sales Climb to Highest Level Since May 2006

June 2015

WASHINGTON—Pending home sales rose in April for the fourth straight month and reached their highest level in nine years the National Association of Realtors reported on May 28. Led by the Northeast and Midwest, all four major regions saw increases in April. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased…

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Day Tells HGAR Rockland Economy Is Improving, But Not Out of the Woods

June 2015

WEST NYACK—Rockland County Executive Ed Day told members of the Hudson Gateway Association of Realtors’ Commercial Investment Division that Rockland County’s finances, which were on the brink of default when he took office, are improving thanks to new management practices and other cost-cutting programs initiated since he took office last year. Day revealed to CID…

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Online Record Search Available in Orange County

June 2015

GOSHEN—Orange County Clerk Annie Rabbitt announced earlier this month that online records search is now available in Orange County. The public can now access County Clerk records from their home or office. Any public records previously viewed at the clerk’s office, including land and court documents, can be viewed online. “I’m very excited to bring…

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Douglas Elliman Launches New Division to Target Sports & Entertainment

June 2015

NEW YORK—Douglas Elliman Real Estate recently announced the launch of Douglas Elliman Sports & Entertainment, a new nationwide entity with global reach that will provide an elite level of real estate brokerage services for clients within the sports and entertainment industries, as well as ultra-high net worth parties. The highly specialized division, which has a…

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Three New Rochelle Properties Change Hands in $7.5M Deal

June 2015

NEW ROCHELLE—Holliday Fenoglio Fowler, L.P. announced recently that it had closed the $7.475-million sale of three apartment properties totaling 65 units in New Rochelle. HFF marketed the properties on behalf of the seller, JEM Holdings of New York City. Virginia City, LLC purchased the offering and assumed the existing mortgage, the brokerage firm reported. The…

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BH&G Rand Realty Holds Grand Opening of Wyckoff Office

June 2015

WYKOFF, NJ—Better Homes and Gardens Rand Realty announced that its sales office in Wyckoff, NJ at 646 Wyckoff Ave. held its grand-opening ceremony on Thursday, May 14. “We are thrilled to be opening in such a great community,” said Nancy Martin (licensed as Josephine A. Martin), manager of Rand Realty’s Wyckoff office.  “Wyckoff is a…

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Keller Williams Realty Charity Event Raises $6K to Benefit Local Charities

June 2015

MAHOPAC—Keller Williams Realty Partners and Broker/Owner Lou Cardillo recently announced that the 4th Annual “KW Now Serving” auction and tips for charity event raised a total of $6,000 for local charity “Drug Crisis in our Backyard” and “KW Cares.” “KW Cares” is a 501c3 charity helping KW associates facing financial hardship due to major emergencies,…

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GATEWAY PERSPECTIVES: Bits and Pieces

June 2015

Instead of one theme for my column this month, I decided to briefly address a series of items that are on the front burner of the Association. As you review this edition of Real Estate In-Depth you will note the extensive coverage of our Lobby Day efforts in Albany on June 9th. Almost 40 members…

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GDC Breaks Ground on $35M Project in Hastings

May 2015

HASTINGS-ON-HUDSON—Ginsburg Development Companies, which recently began construction on major rental housing projects in Yonkers and Ossining, broke ground on May 7 on its $34.9-million The Lofts on Saw Mill River development here. The project, situated on a 7.45-acre site on Saw Mill River Road (Route 9A), will feature 66 loft-style rental apartments in three buildings.…

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Cushman & Wakefield to Merge With DTZ

May 2015

NEW YORK—Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies. The deal was announced by both firms on May 11th. The new company, which will operate under the Cushman & Wakefield brand, will have revenues of more than…

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