Residential

House Passes Tax Reform Bill; Fight Now Goes to Senate

November 2017

WASHINGTON—As expected, the U.S. House of Representatives approved the controversial Republican tax reform plan—“Tax Cuts and Jobs Act”—on Thursday by a 227-205 margin. The battle over tax reform now switches to the U.S. Senate where the GOP holds a razor thin two-seat majority over Democrats, who have all lined up against the House and Senate…

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Weichert Launches Property Management Division

November 2017

MORRIS PLAINS—The Weichert Family of Companies announced on Nov. 6 the establishment of its wholly owned property management company, Weichert Property Management. With the launch of Weichert Property Management, led by David Hardy as president, Weichert’s mission is to deliver a level of service and trust that constitutes the power of excellence. The company offers…

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Ellis Sotheby’s Int. Realty, Hopper House Raise $26,300 for Local Arts Education

November 2017

NYACK—Ellis Sotheby’s International Realty and Edward Hopper House raised $26,300 during a recent event to benefit the Edward Hopper House’s interdisciplinary Arts Education Program, which engages more than 500 local public school students in grades K-12. The Oct. 14 benefit, now in its second year, drew approximately 140 attendees and surpassed the previous year in…

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Realtors’ Breakfast Raises Funds For the Scarsdale Public Library

November 2017

SCARSDALE—Scarsdale Area Realtors recently gathered at the Sunningdale Country Club in Scarsdale for the inaugural RealHelp fundraising breakfast to support worthy local causes. The goal of the breakfasts is to make a difference in the communities where agents live and work. The Scarsdale Public Library was chosen to be the charitable recipient this year. The…

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Keller Williams Realty Group Sponsors Fundraising Natural Disaster Victims

November 2017

SCARSDALE—The Keller Williams Realty Group Market Center of Scarsdale recently hosted its annual Masquerade Ball, which raised more than $12,000 for the Tuckahoe Senior Citizens and natural disaster victims. “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…

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RE/MAX Classic Realty Donates To Children’s Miracle Network

November 2017

SOMERS—RE/MAX Classic Realty has made a difference to local children by becoming a Miracle Office, the company reported. Through the Miracle Home and Miracle Property programs, RE/MAX Associates can make a donation to Children’s Miracle Network Hospitals after each residential and commercial transaction. All donations benefit Maria Fareri Children’s Hospital at Westchester Medical Center. “The…

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NRT New England, LLC Acquires Danbury-Based Goodfellow R.E.

November 2017

DANBURY, CT—NRT New England, LLC, announced on Nov. 2nd that it has acquired the assets of Goodfellow Real Estate, a full-service commercial real estate brokerage company based in Danbury, CT. NRT New England, LLC operates under the brand names of Coldwell Banker Commercial NRT and Coldwell Banker Residential Brokerage in Connecticut. The 12 agents formerly…

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New York Congressional Delegation's Views on Tax Reform

November 2017

ALBANY—The New York State Association of Realtors reports that all Democratic New York Congressional representatives, including local Congressional representatives Sean Patrick Maloney, Nita Lowey and Eliot Engel, have come out against the Tax Cuts and Jobs Act” proposal also known as the GOP tax reform plan released on Nov. 2. Also, New York’s two Democratic…

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Low Inventory, Affordability Stifles First Time Buyer Demand

November 2017

WASHINGTON—Despite solid interest in buying a home—sparked by steady job gains, record low mortgage rates and higher rents—the severe drought in housing supply in much of the country over the past year as well as accelerated price growth kept many first-time buyers out of the market. This is according to the National Association of Realtors'…

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LCOR Begins Marketing Residential Tower in White Plains

November 2017

WHITE PLAINS—Developer LCOR announced recently the completion of construction and the debut of its residential tower project near the White Plains Metro North train station called “Continuum.” The tower building is the first phase of a $250-million twin tower mixed-use project. Located at 55 Bank St., Continuum features a 16-story tower with 288 residences and…

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Yonkers Mayor Spano Says City is Looking to Change its Image

October 2017

WHITE PLAINS—Yonkers Mayor Mike Spano, who was the keynote speaker at HGAR’s Commercial Investment Division on Oct. 26, said that one of his administration’s main goals has been to change the city’s negative image that at least in part was caused by the school desegregation case that garnered national headlines in the late 1980s. In…

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Westchester County’s LDC Provides Incentives for New SUNY Purchase Dorm Project

October 2017

WHITE PLAINS—The Westchester Local Development Corporation has approved $36.4 million in low-cost financing for Purchase College-SUNY to construct a new residence hall on its campus. The financing approved at the LDC’s Oct. 19th meeting will be used build a four-story, 80,000-square-foot residence hall, consisting of 300 beds in a suite-style configuration with student common areas…

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Schumer, Cuomo Urge NY Delegation to Oppose State, Local Tax Deduction Repeal

October 2017

BETHLEHEM, NY—U.S. Senator Charles Schumer and New York Gov. Andrew Cuomo were joined by New York Realtors in urging the state Congressional delegation to oppose the elimination of state and local property tax deductions as part of the Republican-led tax reform campaign in Washington, D.C. At a press conference held on Oct. 23 at a…

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New York City Council Approves Bronx Point Mixed-Use Project

October 2017

NEW YORK—The New York City Council approved the massive Bronx Point project along the Harlem River waterfront in the South Bronx on Oct. 17th that will be led by a Larchmont-based developer, which will bring approximately 1,000 new housing units to the area as well as a new school and hip-hop museum. City officials announced…

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Rockland County Investment Firm Proposes $175M Project to Revitalize Downtown Spring Valley

October 2017

SPRING VALLEY—Rockland County-based investment firm Concord Capital NY reported on Oct. 16th that it is seeking approvals to build a $175-million transit oriented development in Downtown Spring Valley. The project, which the firm states will be modeled after successful redevelopment initiatives in Downtown Yonkers, New Rochelle and in TOD-oriented locations on Long Island, calls for…

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