CROTON-ON-HUDSON—Rescheduled a day later due to the snowstorm, officials and staff with A.S.A.P. Mortgage Corp. opened its fourth Westchester County branch location on Friday, Feb. 10. A host of local and county officials were on hand for the festivities to commemorate the opening of the firm’s new location at 125 Grand St. in Croton-on-Hudson.…
Read MoreWHITE PLAINS—In the residential development firm’s first entry into the Downtown White Plains market, Ginsburg Development Companies has purchased the 124-unit luxury rental apartment building at 25 Martine Ave. here. The 12-story building, currently known as Halstead White Plains, was purchased by GDC from DSF Group of Boston for $35.25 million. GDC plans to make…
Read MoreNEW CITY—Reaction has been mixed to the decision by the New York State Public Service Commission earlier this week to decrease the requested water rate hike request by Suez New York, Inc. by nearly $1 million over the next three years. Rockland County Executive Ed Day was highly critical of the PSC decision charging that…
Read MoreWASHINGTON— Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, finished 2016…
Read MoreALBANY—According to results from a Homeownership Poll conducted by the Siena Research Institute, 84% of New York voters support the NY First Home proposal that would create a tax-free savings account to help New Yorkers save for a first home. Support for the program was bi-partisan and spread across the entire state. Specifically, the NY…
Read MoreRYE BROOK—In a surprise move, Houlihan Lawrence whose roots in Westchester County date back to 1888, has been acquired by Warren Buffet’s Home Services of America, Inc. of Minneapolis, MN. Both parties in the transaction did not release financial terms of the deal that was announced on Tuesday, Jan. 17th. Nancy Seaman, chairman of Houlihan…
Read More2016 ANNUAL AND FOURTH QUARTER REAL ESTATE SALES REPORT Westchester, Putnam, Rockland and Orange Counties, New York WHITE PLAINS—2016 posted the region’s best real estate sales results since the post-recession recovery period that commenced in 2011. Realtors participating in the four-county Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of…
Read MoreGOSHEN—Thanks to the generosity and creativity of the staff and agents at Better Homes & Gardens Rand Realty, this past Christmas was merrier this year for many families served by Catholic Charities Community Services of Orange and Sullivan. The members of the firm’s Goshen real estate office’s President’s Club selected Catholic Charities to be the…
Read MoreCROTON-ON-HUDSON—A.S.A.P. Mortgage Corp. will be celebrating the opening of its fourth Westchester County branch location at 125 Grand St. here with an open house and ribbon cutting celebration on Thursday, February 9th at 11 a.m. “We are excited to be opening our fourth Westchester County branch office and expanding our team of seasoned mortgage professionals,”…
Read MoreMORRIS PLAINS, NJ—Jim Weichert, president, chairman and CEO of the Weichert Family of Companies, recently introduced Weichert Development Company, a full-service, privately held residential and commercial real estate investment and development business based out of the organization’s corporate headquarters in Morris Plains, NJ. As a full-service developer and investor, Weichert Development Company’s capabilities range from…
Read MoreWHITE PLAINS—The Residences at the Ritz-Carlton, Westchester reported earlier this month that 22 residences in the 42-story Tower II in Downtown White Plains were sold last year for a total sales volume of more than $33 million. The average price per square foot was $705. Of the 22 sold, nine were penthouse residences with a…
Read MoreNEW YORK—Berkshire Hathaway HomeServices announced on Jan. 9 that it established a beachhead of sorts in New York City, opening its first office in Manhattan at 590 Madison Ave. Company executives also tell Real Estate In-Depth that the firm plans on expanding its operations in Westchester County and elsewhere in 2017. The newly established Berkshire…
Read MoreNEW ROCHELLE—The City of New Rochelle issued a Request for Proposal for the redevelopment of Fire Station #1 at 45 Harrison St. on Jan. 2. The city-owned property is not included in the portfolio of properties in the city’s far reaching Master Development Agreement with RDRXR, a partnership of Renaissance Downtowns and RXR Realty, according…
Read MoreNEWBURGH—The City of Newburgh has issued a Request for Qualifications for a real estate broker to help sell some city-owned properties. The city issued a Request for Qualifications on Dec. 23 for New York State licensed real estate brokers “to provide professional brokerage services for marketing, listing and selling select city-owned properties.” RFQ submittals are…
Read MoreNEW YORK CITY—Inman recently announced its “Real Estate Influencers of 2017” and several Hudson Valley-based real estate professionals made the prestigious list. Among the Influencer selections by the real estate industry media website included J. Philip Faranda, broker/owner of J. Philip Real Estate LLC, an independent real estate brokerage firm based in Briarcliff Manor and…
Read MoreWASHINGTON—A large home sales surge in the Northeast and a smaller gain in the South pushed existing-home sales up for the third consecutive month in November, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.7% to a seasonally adjusted annual…
Read MoreWHITE PLAINS—As expected, Westchester County Executive Robert Astorino reported that the county had surpassed the court-mandated fair housing development benchmark of having financing in place and/or building permits issued for 750 units of affordable housing in 31 communities by the end of 2016. Astorino at a Dec. 27th press conference at the Michaelian Office Building…
Read MoreWASHINGTON—Shrinking consumer confidence due to declining housing affordability, combined with rising mortgage interest rates are expected to put downward pressure on home sales volume nationwide, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors. In NAR's recently released fourth quarter Housing Opportunities and Market Experience (HOME)…
Read MoreHow do you summarize the 2016 real estate market in Rockland county in three words or less? On the Move! My prediction for 2017 is that Rockland County’s residential market will continue to keep on moving. We have seen very strong indicators of a growing market and we have posted some of the strongest numbers…
Read MoreSCARSDALE—Keller Williams Realty Group Market Center recently hosted its annual Masquerade Ball, which raised more than $10,000 for the Tuckahoe Senior Citizens Center. “We believe in supporting the community where we live and work,” said Jamal Hadi, operating principal of Keller Williams Realty Group. “It’s our way of saying thank you to our friends, neighbors…
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