Residential

Three Major Property Sales Close in Hudson Valley

June 2018

WHITE PLAINS—Three major property sales were reported by area commercial brokerage firms recently that involved multifamily and retail properties in Westchester County and a more than 123-acre site in East Fishkill formerly owned by IBM. Marcus & Millichap recently announced the sale of a three-property, 104-unit multifamily portfolio in White Plains. The portfolio sold for…

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Sharon Tucker Appointed Manager Of Rand Realty’s Pearl River Office

June 2018

NANUET—Following the retirement of Teresa O’Shaughnessy, Better Homes and Gardens Rand Realty has selected Sharon Tucker as the new manager for its office in Pearl River. “This past year with Rand Realty has been one of the most-memorable of my career,” said Tucker. “I’ve learned so much in my time here thus far, and I’m…

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Mid-Hudson Brokerage Expands Presence to Ulster County

June 2018

LAGRANGEVILLE, —Berkshire Hathaway HomeServices Hudson Valley Properties, announced on May 31 the acquisition of Westwood Metes & Bounds Realty Ltd., a long-tenured real estate brokerage serving Ulster County. Hudson Valley Properties adds nearly 60 agents and five offices through the transaction. The offices are located in Kingston, New Paltz, Stone Ridge, West Hurley and Woodstock.…

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A Savvy Affair’s Charity Event Raises Funds for Autism Speaks

June 2018

EASTCHESTER— A Savvy Affair, an event-planning firm that specializes in charity events, hosted approximately 400 guests at Mulino's At Lake Isle in Eastchester on May 17th. The event featured a "freestyle music theme," including performances by Freestyle entertainers TKA and Cynthia. Among the attendees included many guests from the real estate industry. The program marked…

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Two Veteran Westchester Realtors Form New ‘LifeNY’ Brokerage Firm

June 2018

WHITE PLAINS—Two veteran residential brokers and “Rising Stars”—Chirag Shah and Jason Wilson—have ventured out on their own and formed a new boutique brokerage firm here called “LifeNY.” The two Realtors, who both have been heavily engaged in the Hudson Gateway Association of Realtors, say their new firm will have “a laser focus on client services…

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22 Condo Units at Gateway Property Offered in Bulk Sale for Nearly $8M

June 2018

WHITE PLAINS—Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 22 condominium units within the Gateway Condominiums property at 257 Central Ave. in White Plains. The asking price for the bulk package of condominium units is $7.95 million. A team led by Vice Chairman Thomas A. Donovan, along with…

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Cacace Appointed Vice President Of International R. E. Federation

June 2018

SCARSDALE– Portico Realty Group recently announced that Emi Cacace has been appointed vice president of the World Council of Brokers by the International Real Estate Federation (FIABCI). As a member of the FIABCI, Cacace is equipped with the necessary training and experience to work successfully in international real estate and client relocation. Cacace, who is…

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U.S. Existing-Home Sales Fell 2.5 % in April

June 2018

WASHINGTON— After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased…

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Construction Begins on $100M St. Regis Project in Rye

May 2018

RYE—A host of state, county and local dignitaries were on hand for the official groundbreaking of the St. Regis Residences Rye here earlier this month. The project, being developed by Harrison-based Alfred Weissman Real Estate, will include 95 luxury condominium residences ranging from one- to four-bedroom units located within five three- to four-story buildings constructed…

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New York Becomes First State to Join Fair Housing Lawsuit Against HUD

May 2018

ALBANY—New York Gov. Andrew Cuomo announced on Monday that New York will be joining a lawsuit against the federal government’s alleged failure to enforce the Fair Housing Act. The lawsuit seeks to force the U.S. Department of Housing and Urban Development to enforce a rule requiring local and state governments to address segregated housing patterns…

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Metro Home Price Growth Quickens to 5.7%

May 2018

WASHINGTON—Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors released on May 14. The national median existing single-family home price in the first quarter was $245,500, which was up…

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Kafcos Realty Switches Franchise Flags

May 2018

NEW YORK—Prudential Kafcos Realty announced recently it joined the Century 21 system and will now do business as Century 21 Kafcos Realty. The company, headquartered at 3060 East Tremont Ave., will continue to provide real estate services to buyers, sellers and renters in the Bronx and Westchester counties. “Century 21 Kafcos Realty exemplifies the strength…

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Keller Williams Realty Group Volunteers for Animal Shelter

May 2018

SCARSDALE—Keller Williams Realty Group associates chose to “Give Where They Live” as part of RED Day, Keller Williams' annual day of service on May 10. As part of the RED Day effort, Keller Williams Realty Group spent the day with The Humane Society in New Rochelle, collecting donations for the local animal shelter and raising…

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Westchester County, Greenburgh Agree To Senior Project at WestHELP Site

May 2018

GREENBURGH—After reaching an agreement with the Town of Greenburgh, Westchester County Executive George Latimer announced on May 8th plans for the development of 74 units of affordable senior rental housing at the long vacant and controversial WestHELP site. The WestHELP site, a six-acre parcel located off Knollwood Road adjacent to the campus of Westchester Community…

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HGAR’s Chirag Shah Named a ‘Rising Star’ by Business Council

May 2018

WHITE PLAINS—Realtor Chirag Shah, Principal Broker/Owner of Gateway Realty of Mamaroneck and  Lifestyle Westchester, will be honored next month along with the rest of the “Rising Stars” selected by the Business Council of Westchester. The Business Council of Westchester announced its 2018 class of “Rising Stars” on May 3. The winners will be honored on…

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Lagging Inventory Continues to be a Drag on U.S. Home Sales

April 2018

WASHINGTON—Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels, according to the National Association of Realtors. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.1% to a seasonally adjusted annual rate…

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Hudson Gateway MLS Finalizes Merger Deal With Sullivan County Multiple Listing Service

April 2018

WHITE PLAINS—The Hudson Gateway Multiple Listing Service, Inc. (HGMLS) and the Sullivan County Multiple Listing Service, Inc. (SCMLS) announced on April 13 they have finalized an agreement to combine their two MLSs, expanding the HGMLS coverage to five counties in the Hudson Valley. SCMLS currently has approximately 200 agents in 58 primary participating offices, and…

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