News

Howard Hanna | Rand Realty Opens New Office in East Hanover, NJ

August 8, 2022

EAST HANOVER, NJ—Howard Hanna | Rand Realty is pleased to announce the opening of its newest office in East Hanover, NJ, located at 460 Ridgedale Ave. Howard Hanna | Rand Realty already has a solid in-town presence, with highly skilled agents who are local experts, including The Kirkwood Group and The Palianto Team. Both teams…

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Brown Harris Stevens Opens Rhinebeck Office

August 8, 2022

RHINEBECK—Residential brokerage firm Brown Harris Stevens announced on Aug. 2 the official opening of its new Rhinebeck office at 18 Garden St. with a launch party. Those in attendance included Brown Harris Stevens CEO Bess Freedman, Rhinebeck Executive Director of Sales Lisa Fountain, Chief Operating Officer Doug Williford, Hudson Executive Director of Sales Nancy Felcetto,…

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Orange County’s Green Team Affiliates With Better Homes and Gardens RE

August 8, 2022

WARWICK—Better Homes and Gardens Real Estate LLC recently announced the affiliation with the Green Team in Warwick, which expands the brand’s service area in the Hudson Valley and Sussex County, N.J. The firm, which now operates as Better Homes and Gardens Real Estate Green Team, is led by second-generation broker Geoff Green and president, Vikki…

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Medline Officially Opens New Nearly 1.4-Million-Square-Foot Distribution Center

August 2, 2022

MONTGOMERY—A host of state, county and local officials joined Medline executives on Monday for the official opening of its nearly 1.4 million-square-foot distribution center here. The facility, the largest building in Orange County, according to Orange County Partnership President and CEO Maureen Halahan, cost more than $120 million to build. The new Medline property handles…

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Ginsburg Hires RM Friedland to Market Office Space at City Square

August 1, 2022

HARRISON—With the multimillion-dollar renovation of City Square at 50 Main St./1-11 Martine Ave. in Downtown White Plains, New York now complete, owner Ginsburg Development Company has awarded locally-based RM Friedland the exclusive office leasing assignment for the relaunch of its signature property consisting of 360,000 square feet of office space. RMF’s Office Managing Director, Chris…

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Construction Starts on $189-Million Affordable Housing Project in the Bronx

July 28, 2022

NEW YORK—New York Gov. Kathy Hochul and New York City Mayor Eric Adams were among the dignitaries on hand for the July 27th groundbreaking on a $189-million affordable housing development in the Morris Heights section of the Bronx. Starhill Phase I will feature 326 affordable apartments, including 200 homes with supportive services for individuals experiencing…

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Northeast New Home Sales Plunge Nearly 25% in June

July 27, 2022

  WASHINGTON—New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs, the National Association of Home Builders reported on July 26. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally…

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Corcoran Group Expands NJ Presence to Jersey City, Hoboken

July 26, 2022

NEW YORK—The Corcoran Group, LLC is expanding its brokerage operations to the Jersey City-Hoboken markets with its affiliation with Sawyer Smith Residential. Sawyer Smith Residential is owned and led by Timothy Sawyer Smith and serves Hoboken and Jersey City. The firm will now operate as Corcoran Sawyer Smith. The deal was announced by Corcoran President…

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Daybase Opens First Hybrid Work Location in Westchester County

July 26, 2022

HARRISON—Daybase, a hybrid work company, held an opening ceremony on July 25 for its first Westchester location in Harrison. The founders of Daybase were joined at the event by Harrison Mayor Richard Dionisio, along with members of the Harrison Town Council, Harrison Planning Board as well as Westchester County Executive George Latimer and Deputy County…

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Home Sales Fall Sharply in Hudson Valley in Second Quarter

July 21, 2022

WHITE PLAINS—If Realtors are feeling a sense of deja vu when it comes to current home sales activity, perhaps they are recalling how conditions were back in 2018 and 2019, which were both considered strong markets at the time. However, the boom market of 2021, with surging sales and soaring prices throughout the region, has…

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Foreign Investment in Existing-Home Sales Has Climbed to $59 Billion: NAR Report

July 19, 2022

WASHINGTON—Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and halted a three-year skid in foreign investment in U.S. residential real estate, according to a new report from the National Association of Realtors released on July 18. Foreign buyers purchased…

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Pattern Study Confirms NYC Migration to Hudson Valley

July 18, 2022

NEWBURGH, NY—A recently released study by regional research group Pattern for Progress found that media reports and sentiments of area Realtors of a significant exodus of New York City residents to the Hudson Valley were indeed accurate. The Pattern for Progress study released on July 8 found that during 2020—the first year of the COVID-19…

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Orange County Partnership Launches Program to Secure Key Information on Available Properties Countywide

July 18, 2022

GOSHEN—Terming it as one of the most important efforts it has launched in more than 20 years, The Orange County Partnership officially unveiled its “Site Inventory Program” (SIP) that will, over the coming months, seek municipal government input from across Orange County to determine all available properties that could be developed in their respective jurisdictions.…

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Howard Hanna | Rand Realty Expands New Jersey Operations

July 15, 2022

OLD TAPPAN, NJ—Howard Hanna | Rand Realty announced on July 14 that it has increased its presence in the State of New Jersey, and specifically in Bergen County, with its merger with Lancia Realty of Old Tappan, NJ. Lancia Realty, located at 12 Bi-State Plaza, Old Tappan, is now operating as Howard Hanna | Rand…

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