Residential

Existing-Home Sales Decrease 2.2% in September

October 2019

WASHINGTON—Existing home sales receded in September following two consecutive months of increases, according to the National Association of Realtors. In its monthly report released on Oct. 22, NAR reported that all four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines. Overall sales in the Northeast fell…

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Berkshire Hathaway Westchester Properties Sponsors Fourth Annual Event to Benefit Sunshine Kids Charity

October 2019

EASTCHESTER– Berkshire Hathaway HomeServices Westchester Properties will present its fourth annual Sunshine Kids benefit on October 23rd at Mulino’s at Lake Isle Country Club in Eastchester. Doors open at 6 p.m. All proceeds will benefit The Sunshine Kids Foundation, an organization dedicated to helping children with cancer. The event will feature Emmy-award winning mentalist Oz…

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Hudson Valley Home Sales Market Shows Signs of Recovery from SALT Cap

October 2019

WHITE PLAINS—The residential home sales market in the Hudson Valley showed some surprising resilience in the third quarter. While some real estate analysts had predicted home sales would likely soften in the latter part of 2019, home sales in fact increased in a majority of the region. According to the “2019 THIRD QUARTER RESIDENTIAL REAL…

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Houlihan Lawrence Presents First-Ever Humanitarian Award to Lin Crispinelli

October 2019

SLEEPY HOLLOW—In recognition of the extraordinary volunteer contributions made by its real estate agents and employees, Houlihan Lawrence presented its first-ever Humanitarian Award at its companywide event on October 10, held at Sleepy Hollow Country Club. Lin Crispinelli was presented with the award in recognition of her work with The Stephanie Crispinelli Humanitarian Fund, a…

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Houlihan Lawrence Named Exclusive Agent for TOD Project in Tarrytown

October 2019

RYE BROOK—Houlihan Lawrence Commercial has announced it has been named exclusive leasing agent for a new transit-oriented mixed-use development proposed directly across from the Metro-North train station in Tarrytown. Located at 29 Depot Plaza, the project is comprised for a 20,000-square-foot warehouse that will be renovated into ground-level self-storage and retail space with three stories…

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Adobe Signs Major Lease Renewal, Expansion

October 2019

NEW YORK—Multinational computer software company Adobe Inc. has signed a 109,296-square-foot lease at 1540 Broadway, a 44-story, Class-A office building in Manhattan. Adobe has renewed its 27,323-square-foot lease on the entire 17th floor and is expanding by an additional 81,972 square-feet of office space on floors 18, 19 and 20. The CBRE team of Mary…

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Cushman & Wakefield Named Agent For OZ Development Site in the Bronx

October 2019

NEW YORK—Cushman & Wakefield announced on Oct. 9 that it has been retained on an exclusive basis to market for sale 773 Grote St., a 23,021-square-foot residential development site in an opportunity zone in the Bronx. A Cushman & Wakefield team consisting of Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker and Shayne Soltan will…

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RE/MAX Opens First Office in Manhattan

October 2019

NEW YORK—RE/MAX reported on Oct. 14 that it is expanding its brand in the New York market by opening its first Manhattan office—RE/MAX 100 at 1412 Broadway in Times Square. The office was launched earlier this month by real estate professional Shovkat Mamedov who, along with her team, will bring RE/MAX’s world-class services to this…

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HGAR Region Posts Solid Sales in Third Quarter

October 2019

WHITE PLAINS—A solid third quarter for residential sales in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service, Inc. (HGMLS) appears to indicate that the housing market remains vibrant, experiencing modest, but sustainable gains. Single-family residential sales remained on solid footing with anywhere from a 1% gain in unit sales in…

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$177M Yonkers Project Lands IDA Incentives

October 2019

YONKERS—A $177.3-million waterfront project being developed by New York City-based Rose Associates on Alexander Street here has secured incentives from the Yonkers Industrial Development Agency. The project at 57 Alexander St. that will convert an industrial building into a multifamily complex secured the incentives at the Oct. 2 meeting of the Board of Directors of…

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Megalith Capital Cuts Ribbon on Printhouse Mixed-Use Project in Downtown New Rochelle

October 2019

NEW ROCHELLE—Developer Megalith Capital Management joined New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Commissioner of Development Luiz Aragon and other city officials for a ribbon-cutting ceremony on Oct. 4 to mark the grand opening of the firm’s The Printhouse project. The six-story, 71-unit luxury mixed-use Printhouse development is located at 165…

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J. Philip Real Estate Increases Staff; Standardizes Productivity and Services

September 2019

MAHOPAC—J. Philip Real Estate of Putnam County announced on Sept. 16 that the firm has raised the bar on its custom brand standards of agent training. Designed to reflect J. Philip’s unique productivity and client service approach, the enhanced training model is backed by talent and proven industry best practices, the brokerage firm reported. A…

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GDC Celebrate Completion of Construction Of First Phase of The Waterfront at Harbors

September 2019

HAVERSTRAW—Ginsburg Development Companies was joined by town, village and Rockland County officials on Sept. 12 to celebrate the completion of construction of phase one of GDC’s latest luxury waterfront development—The Waterfront at Harbors. Located as part of GDC’s Harbors-at-Haverstraw condominium community on the Hudson River, The Waterfront at Harbors features single-level two- and three-bedroom condominium…

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Houlihan Lawrence Names Liz Nunan President

September 2019

RYE BROOK—Houlihan Lawrence announced on Sept. 16 that Liz Nunan has been promoted to President of the brokerage firm. Previously the company’s Chief Operating Officer, Nunan will now oversee all aspects of Houlihan Lawrence’s operations, including the company’s residential and commercial brokerage divisions, with 30 offices and 1,300 agents. Nunan’s promotion is accompanied by other…

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Ratings Agency Says GSE Reform Could Take Years to Implement

September 2019

WASHINGTON—A host of housing and finance organizations have expressed support for the plans submitted by the Trump Administration, specifically the Treasury Department and the U.S. Department of Housing and Urban Development, earlier this month to reform the housing finance system and the Government-Sponsored Enterprises Fannie Mae and Freddie Mac. The Treasury Housing Reform Plan consists…

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Pioneer Westchester Commercial RE Developer Robert Weinberg Dies

September 2019

NEW YORK—While visionary commercial and residential developer Robert Weinberg passed away at his home in Manhattan at the age of 90 on Sept. 3, his legacy in Westchester County and the surrounding suburbs will live on for generations to come. Weinberg will be best remembered for co-founding Robert Martin Company of Elmsford with partner Martin…

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