Residential

Business Coalition Pushing Lawmakers to Fund a $500M Expansion of Route 17

March 2019

ALBANY—A coalition consisting of more than 100 business, civic, political and labor industry interests are calling for New York State to spend a total of $500 million to expand the existing Route 17 in Orange and Sullivan counties. Specifically, the organization is calling for a multi-year plan to construct a third lane in each direction…

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Steckler Real Estate Joins Berkshire Hathaway HomeServices

February 2019

WALLINGFORD, CT—Berkshire Hathaway HomeServices New England, New York and Westchester Properties reported on Feb. 13th its merger with Steckler Real Estate of Scarsdale, a long-standing Westchester County residential real estate firm, into its Eastchester and Scarsdale offices. “Westchester County is a vibrant residential real estate market,” Candace Adams, CEO and President, said. “The brokers from…

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Christie’s International Real Estate Expands Into Westchester County and Hudson Valley

February 2019

NEW YORK— Christie’s International Real Estate, the real estate arm of Christie’s, announced on Feb. 13th its expansion into Westchester County and the Hudson Valley in New York with Ilija Pavlovic, owner of its Northern New Jersey Affiliate Special Properties Real Estate Services. The new brokerage will operate solely under the Christie’s International Real Estate…

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Meet the Sellers of the Bronx Merges with ERA Insite Realty

February 2019

WHITE PLAINS—ERA Insite Realty Services, a full service, family owned and operated residential real estate firm with offices in White Plains, Bronxville, Yonkers and Pleasantville, has reported that Meet the Sellers of the Bronx has merged with the White Plains based firm. Meet the Sellers was founded and owned by broker Irene Guanill Elukowich. Louis…

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International Real Estate Veteran Launches New Brokerage in Scarsdale

February 2019

When he first came to the U.S. almost 20 years ago, Harry Singh had a dream of opening his own real estate brokerage. In fact, he actually incorporated Reliance America International Realty in 2007, but just recently launched the new Scarsdale agency. Originally from New Delhi, India, Singh earned his Bachelors of Commerce at a…

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Business Council Announces Hall of Fame Winners

February 2019

RYE BROOK—The Business Council of Westchester announced on Feb. 5 the winners of its prestigious Business Hall of Fame Awards, which recognizes Westchester’s top corporate leaders. The winners will be honored at the 2019 Business Hall of Fame Awards Dinner on Tuesday, April 30 at the Glen Island Harbour Club in New Rochelle. The winners…

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Fed Holds Rates Steady; Promises More Patient Approach to Future Rate Hikes

January 2019

WASHINGTON—In what can only be viewed as great news for Realtors and the residential real estate market, the Federal Reserve on Wednesday decided to hold rates steady and even signaled an end to what had been seen by some as an aggressive policy of raising rates. The Federal Reserve decided to maintain the federal funds…

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Toll-Brothers Joint Ventures with JP Morgan on $157M Project in Harrison

January 2019

HARRISON—Toll Brothers’ groundbreaking adaptive reuse of two office buildings here has a new partner and more than $100 million in construction financing. The developer reports it has formed a joint venture with New York City-based J.P. Morgan Asset Management to develop the $157 million, 421-unit Carraway luxury apartment property off Westchester Avenue in Harrison. The…

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Hudson Valley Home Sales Market Remained Strong in 2018. Sales Slow Down, But Median Prices Continue to Rise in Region

January 2019

WHITE PLAINS—The Hudson Valley residential sales market remained strong in 2018, despite lower sales due mainly to a lack of available inventory. In a report released earlier this month by the Hudson Gateway Multiple Listing Service, Inc., the overall five-county market serviced by HGMLS (Westchester, Rockland, Orange, Putnam and Sullivan counties) saw a 2.6% decline…

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Appellate Court Deals Blow to Title Insurance Industry

January 2019

NEW YORK—A New York State Appellate Court has overturned an earlier lower court ruling and has upheld controversial state regulations that restrict what state regulators have termed excessive marketing costs and other unscrupulous activity in the title industry. The Appellate Division, First Department, on Jan. 15 reversed a ruling last July by New York Supreme…

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Yonkers IDA Approves Incentives for Three Major Projects Amid Dispute with Building Trades

January 2019

YONKERS—The Yonkers Industrial Development Agency reports it has approved more than $13.6 million in incentives for three major development projects in the city. The IDA’s Board of Directors approved at its meeting last Friday resolutions of intent to provide financial incentives for two mixed-use developments and one strictly residential project totaling more than $391 million…

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Houlihan Lawrence Holds Book Drive for Local Children in Need

January 2019

RYE BROOK—For the fourth consecutive year, real estate brokerage Houlihan Lawrence held a holiday book drive for local children in need, gathering more than 1,000 titles for preschool to middle school-aged readers. Collection bins were placed across the firm’s network of 30 field offices in New York and Connecticut, where they were quickly filled by…

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Median Home Prices Rise in Hudson Valley; Sales Fall in Most HGAR Markets in 2018

January 2019

WHITE PLAINS—While remaining robust, residential sales in some areas of the lower Hudson Valley were slightly lower in 2018 than the historic highs of the past two years. In 2018, Westchester, Rockland and Orange counties all experienced declines in the number of residential sales as compared to 2017, according to the “2018 Annual and Fourth…

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10 Things to Watch Out for in 2019

January 2019

WHITE PLAINS—While I do not profess to possess the prognostication skills of the “Amazing Kreskin” or “Carnac the Magnificent,” I thought I would share my thoughts with the Real Estate In-Depth readership on the top stories/issues I believe could have an impact on the commercial, residential real estate and capital finance markets in the Hudson…

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