BRONXVILLE—Residential brokerage firm Houlihan Lawrence recently announced the grand re-opening of its historic Bronxville brokerage office at 4 Valley Road. To celebrate Houlihan Lawrence’s investment in its Bronxville brokerage and continued success in the community, their team opened its office doors to the surrounding community for a night of live music, cocktails and hors d’oeuvres…
Read MoreMOUNT KISCO—Café Realty will host a grand opening celebration at its new expanded location in Mount Kisco at 239 Lexington Ave. on October 19. The office opening coincides with the company’s third anniversary in business. “We are pleased to extend this invitation to the real estate community, said Carol Christiansen Principal Broker/Owner. “The office is…
Read MoreWASHINGTON—Single-family home construction is currently lacking in 80 percent of measured metro areas despite steady job creation and the low activity is creating a housing shortage crisis that is curtailing affordability and threatening to hold back prospective buyers in many of the largest cities in the country, according to new research from the National Association…
Read MoreCHAPPAQUA—Development firm Wilder Balter Partners of Elmsford has been selected to turn the iconic cupola building of the former Reader’s Digest headquarters here into a unique and innovative mix of market rate, workforce and affordable apartment homes—The Apartments at Chappaqua Crossing. The Elmsford-based developer has signed a long-term lease for the classic building with Summit/Greenfield…
Read MoreThe real estate market in 2016 has been extremely busy in Orange County. I believe that the biggest change this year has been the large increase in the number of homes that have sold. In both the first and second quarter, Orange County has seen an increase in the number of homes sold by about…
Read MoreNEWBURGH—Can aiding one neighborhood help an entire city? A set of grants from the National Association of Realtors and the Hudson Gateway Association of Realtors will look to do just that in the City of Newburgh with the assistance of the nonprofit research and policy group Hudson Valley Pattern for Progress. Grants totaling $16,500 have…
Read MoreNANUET—Holliday Fenoglio Fowler, L.P. announced earlier this month it had closed the $147-million sale of eaves Nanuet, a 504-unit multi-housing community in Nanuet in Rockland County. HFF marketed the property exclusively on behalf of the seller, AvalonBay Communities, Inc. A joint venture between Harbor Group International, LLC and Azure Partners LLC purchased the asset free…
Read MoreYORKTOWN HEIGHTS—Coldwell Banker Residential Brokerage in Connecticut and Westchester County announced that $61,600 was raised for Friends of Karen Inc. through the 10th annual Coldwell Banker-Erin O’Connor Memorial Golf Outing. The tournament is held annually in memory of Erin O’Connor and raises funds for Friends of Karen, a nonprofit organization that supports critically ill children…
Read More421-a is a concession for multi-family residential buildings in New York City that allows developers to obtain a tax abatement in order to create affordable housing. The abatement freezes taxes for many years in exchange for additional inventory at below market rate rentals. Critics contend the program does not really provide an adequate number of…
Read MoreKIRYAS JOEL—Representatives of the Village of Kiryas Joel announced a plan earlier this week to begin a petition drive that would seek to have the Orange County Legislature approve the formation of the new Town of North Monroe, which would consist of the existing Kiryas Joel community and reportedly an additional 382 acres outside of…
Read MoreWHITE PLAINS—The popular lore for some time among many real estate professionals and most media pundits is that Millennials are shunning the suburbs and instead are flocking to major cities in search of collaborative office space and rental housing in a “24-7 live-work environment.” A report appropriately entitled “Myth Buster: Young Americans Do Like The…
Read MoreNANUET—Better Homes and Gardens Rand Realty has announced it was awarded the Middletown Times Herald-Record’s Readers’ Choice Award for top real-estate agency in the Hudson Valley. “We’re honored to be given this recognition by one of the region’s top publications,” said Joseph Rand, managing partner of Better Homes and Gardens Rand Realty. “The Hudson Valley…
Read MoreWASHINGTON—On Friday, July 29th, President Barrack Obama signed into law H.R. 3700, the "Housing Opportunity Through Modernization Act.” The legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and was long supported by the National Association of Realtors. The U.S. Senate had approved the measure by unanimous consent on…
Read MoreNEW YORK—The late poet and author Maya Angelou’s former brownstone townhouse in Harlem was sold by Westchester brokerage firm Link NY Realty for a reported purchase price of approximately $4 million. Listing Broker Valon Nikci, CEO of Bronxville-based Link NY, said, “The home is a record breaker, being the most expensive single-family home per square…
Read MoreWHITE PLAINS—The ownership of the Esplanade Senior Residences of White Plains has agreed to pay more than $528,000 to 139 elderly residents who were allegedly forced from their homes to make way for the development of a luxury rental apartment development there. New York State Attorney General Eric T. Schneiderman announced the settlement agreement on…
Read MoreMOUNT VERNON—In a deal the development firm says reaffirms and expands its investment in the economic revival of the City of Mount Vernon, the MacQuesten Companies reported recently it had purchased the Mount Vernon West station on Metro-North’s Harlem Line. While the station’s platforms are owned by Metro-North, the station building has been privately owned…
Read MoreEditor’s Note: The following is the full text version of the 2016 Second Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York released recently by the Hudson Gateway Multiple Listing Service. WHITE PLAINS—Prospective homebuyers who were out in force during the first several months of 2016 came to the…
Read MoreDOBBS FERRY— Joseph A. Valvano, president of Coldwell Banker Residential Brokerage in Connecticut and Westchester County reported on July 1 that Mark Turken, Pedro Hidalgo and Jonathan Klein of Westchester Realty NY LLC have affiliated with Coldwell Banker’s Dobbs Ferry office. Turken is an award-winning real estate broker who established Westchester Realty NY, a real…
Read MoreMONTGOMERY— R.J. Smith and Gerald and Rosemary Skoda, outstanding business and civic leaders, will be honored by the Community Foundation of Orange and Sullivan during its annual reception on Nov. 16, at Anthony’s Pier 9 in New Windsor. More than 400 community and key business leaders are expected to attend the dinner event, where the…
Read MoreRYE—On June 9th, Houlihan-Parnes Realtors celebrated the firm’s 125th anniversary at the Westchester Country Club in Rye. Founded in 1891 by Daniel J. Houlihan, an Irish immigrant, the company has always been family owned and operated and is proudly celebrating its 125th year of continuous operation. Since the late 1800s, the firm originally was founded…
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