Residential

Coldwell Banker Forms Lower Hudson Valley Regional Office

January 2020

YORKTOWN HEIGHTS—In what agents for the brokerage firm reportedly described as a “win-win,” select Coldwell Banker Residential Brokerage real estate offices serving Westchester, Putnam, Rockland, Orange and Dutchess counties will be merged and will be now known as the “Lower Hudson Valley Regional Office.” The company announced on Jan. 27 that signage and marketing collateral…

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Gail Fattizzi Takes Over as 2020 HGAR President

January 2020

SOUTH SALEM—Veteran real estate broker and executive Gail Fattizzi was installed as the 2020 president of the Hudson Gateway Association of Realtors on Jan. 16 at a gala dinner event held at Le Chateau here. Fattizzi, who has served for 24 years as the executive director of the independent real estate brokerage network Westchester Real…

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New North Yonkers Luxury Apartment Building Opens

January 2020

YONKERS—Stratus on Hudson, a new 74-unit luxury mid-rise apartment building, is now open in North Yonkers at 1077 Warburton Ave. Developed by RMS Companies, which is based in Stamford, CT, Stratus on Hudson sits atop a cliffside location just north of the Yonkers waterfront and adjacent to the Greystone Metro North train station. The building’s…

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CPC and L+M Close On $33 Million to Refi, Preserve 386 Units of Affordable Housing in the Hudson Valley

January 2020

NEW YORK—The Community Preservation Corporation and L+M Development Partners recently announced the closing of three Fannie Mae Multifamily Affordable Housing (MAH) loans totaling $33.2 million to finance the long-term preservation of three affordable housing developments in the Hudson Valley. Two of the properties are located in Rockland County and one in Dutchess County. The properties…

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HGMLS: Home Sales in Hudson Valley Remained Strong in 2019

January 2020

WHITE PLAINS—Sales of residential real estate in the lower Hudson Valley remained strong in 2019, according to the recently released “2019 Annual And 4th Quarter Residential Real Estate Sales Report—Westchester, Putnam, Rockland, Orange and Sullivan Counties, New York” by the Hudson Gateway Multiple Listing Service, Inc. Overall residential sales, which include condominium, co-op and two…

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State to Preserve 4,000 Acres of Parkland in Hudson Valley

January 2020

ALBANY—Gov. Andrew Cuomo announced on Jan. 5 as part of his State of the State message to be presented on Jan. 8, the state intends to preserve 4,000 acres of open space in the Mid-Hudson Valley. The latest open space acquisitions will expand a host of state parks, add new trails and viewpoints, as well…

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Bronx Park Mitchell-Lama Portfolio Trades for $166 Million

January 2020

NEW YORK—A portfolio of eight Mitchell-Lama apartment buildings in the Bronx totaling 1,275 units has changed hands in a deal valued at $166 million. A partnership of LIHC Investment Group, Belveron Partners and Camber Property Group announced the acquisition on Jan. 3 of the Bronx Park portfolio from Cammeby’s International Group. The deal includes the…

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NAR: U.S. Pending Home Sales Expanded 1.2% in November

January 2020

WASHINGTON—Pending home sales increased in November, rebounding from the prior month’s decline, according to the National Association of Realtors. The West region reported the highest growth in November, while the other three major U.S. regions saw only marginal variances in month-over-month contract activity. Pending home sales were up nationally and up in all regions compared…

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Northeast Home Sales Rise in November; Still Down Year-to-Date

December 2019

WASHINGTON—Existing-home sales fell in November, taking a small step back after October’s gains, according to data released recently by the National Association of Realtors. The Northeast and Midwest both reported sales growth last month, while the South and West saw sales decline. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops,…

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Mid-Hudson Region Secures Nearly $66M in Regional Council Awards

December 2019

ALBANY—The Mid-Hudson Regional Economic Development Council’s string of consecutive designations as a “Top Performer” in the annual Consolidated Funding Application program was halted at three years. On Dec. 19, Gov. Andrew Cuomo announced that the Mid-Hudson was not among “Top Performers” for 2019, but would still receive $65.8 million that would support a total of…

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Charity Event Raises Funds, Collects Toys for Blythedale Children’s Hospital

December 2019

WHITE PLAINS—Michelle Madaffari of A Savvy Affair and Associate Real Estate Broker with Coldwell Banker held her 12th annual holiday party and toy drive for Blythedale Children's Hospital in Valhalla on Tuesday, Dec. 3 at Graziella's Restaurant in White Plains. The event collected more than 150 toys, gifts and funds for the children.

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NY State Real Estate Board Approves New Fair Housing Disclosure Rules

December 2019

ALBANY—In response to recent published reports of alleged fair housing discrimination on Long Island, the Real Estate Board of New York on Dec. 16 approved new regulations for real estate professionals to help combat housing discrimination. The new regulations, which the New York State Real Estate Board approved today, mandate enhanced disclosures by real estate…

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A Conversation with Bronx Borough President Ruben Diaz Jr.

December 2019

Bronx Economy Continues to Attract Significant Investment With the publication of Real Estate In-Depth’s first special section on the Bronx, we thought it appropriate that our readers learn first-hand from the borough’s chief executive—Bronx Borough President Ruben Diaz Jr.—on the state of the borough. There is a lot happening in this borough made famous by…

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Economists Say Recession Unlikely in 2020

December 2019

WASHINGTON—A group of top economists arrived at a consensus 2020 economic and real estate forecast recently at the National Association of Realtors first-ever Real Estate Forecast Summit. The economists who gathered at NAR's Washington, D.C. headquarters expect the U.S. economy to continue expanding next year while projecting real estate prices will rise and reiterating that…

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Saber-PCD, Circle Squared Venture Break Ground On Rental Apartment Project Near Westchester Mall

December 2019

WHITE PLAINS—Development partners Saber Real Estate Advisors LLC, PCD Development LLC, and Circle Squared Alternative Investments broke ground on Dec. 4 on “The Duet,” luxury multi-family residential complex on Hale and Maple avenues in White Plains. The development, across from the Neiman Marcus entrance at The Westchester and adjacent to Whole Foods, will feature 127…

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The Club at Briarcliff Manor Senior Living Community Opens

December 2019

BRIARCLIFF MANOR—The Club at Briarcliff Manor recently welcomed its first residents to the new senior living community that features assisted living and independent living apartments and memory care. Set atop a scenic wooded site with panoramic views of the Hudson River and once home to the iconic Briarcliff Lodge, The Club at Briarcliff Manor features…

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