News

NAR Demonstrates the Many Ways Realtors Are Here for Clients in Newly Released Ad Campaign

February 23, 2023

WASHINGTON—The National Association of Realtors unveiled on Feb. 22 its fifth iteration of its award-winning “That’s Who We R” national advertising campaign. This year’s creative demonstrates the many ways Realtors are “here for it all,” working to make the dream of property ownership a reality for their clients. The campaign, created by Havas Chicago, further…

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Carvi Properties Acquires Westchester Office Campus for $23.5 Million

February 22, 2023

IRVINGTON—The historic three-building, 138,000-square-foot Astor Buck Campus has been sold to New York City-based Carvi Properties for $23.5 million. The deal was announced by Marcus & Millichap. The firm’s Alan Cafiero, Mark Gjonbalaj and Matt Leszyk represented the seller, Stanford Bridge LLC and procured the buyer, Carvi Properties Inc. of New York City. At the…

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New York Metro Region Closed Median Sale Price Increased Slightly in January

February 22, 2023

FARMINGDALE, NY—OneKey MLS reported on Feb. 21 an increase of 0.90% in the closed median sale price for the New York metro region between December 2022 and January 2023. For January 2023, OneKey MLS reported a regional closed median sale price of $575,000, representing a 0.90% increase as compared to the reported $570,000 in December…

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NAR: ‘Home Prices are Bottoming Out;’ Existing-Home Sales Fell 3.8% in Northeast

February 22, 2023

WASHINGTON—Existing-home sales fell for the 12th straight month in January, according to a report released on Feb. 21 by the National Association of Realtors. Month-over-month sales were mixed among the four major U.S. regions, as the South and West registered increases, while the East and Midwest experienced declines. All regions recorded year-over-year declines. Total existing-home…

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RXR Tops Out New Rochelle High-Rise Building

February 17, 2023

NEW ROCHELLE—RXR, master developer of Downtown New Rochelle, held a topping out ceremony with city officials on Feb. 16 of Two Clinton Park, a 28-story mixed-use tower. The development is RXR’s third development in New Rochelle. At the event, RXR executives and City of New Rochelle officials joined partners from Bridge Investment Group, leadership from…

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Real Estate Sales Execs Still Bullish On New York’s Housing Market in 2023

February 16, 2023

WHITE PLAINS—Sales executives from Related Cos., Compass and Sotheby’s believe that now that mortgage rates have stabilized, investor interest, including demand from foreign buyers, has returned to the New York metro area housing market. The Hudson Gateway Association of Realtors, Inc. and OneKey MLS recently hosted a virtual panel featuring real estate experts who discussed…

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Some Local GOP Politicos Line Up Against Gov. Hochul’s Housing Plan

February 15, 2023

MOUNT PLEASANT, NY—Add Mount Pleasant Town Supervisor Carl Fulgenzi to a growing list of mainly Republican government officials who have come out against Gov. Kathy Hochul’s “New York Compact” housing plan that calls for the development of 800,000 new housing units over the next three years. Fulgenzi in a prepared statement cited the state’s home…

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Webinar to Focus on The New York Compact And What It Would Mean for Westchester

February 14, 2023

WHITE PLAINS—The Hudson Gateway Association of Realtors is co-hosting a timely webinar on Feb. 23 focused on Gov. Kathy Hochul’s “New York Compact" housing initiative that calls for the development of 800,000 new homes statewide in three years. Other co-hosts of the free Zoom program that will begin at 9 a.m. are the Westchester County…

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Five Lease Deals Signed at Kingsbrook Office Park

February 13, 2023

RYE BROOK—New York City-based George Comfort & Sons announced on Feb. 6 that five lease agreements totaling more than 83,000 square feet have been signed at the Kingsbrook office complex in Rye Brook. In January, George Comfort & Sons signed a 10-year agreement with Regus to open a location at Kingsbrook in mid-2023 across 15,800…

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Christie’s Int. Real Estate Opens New White Plains Office

February 13, 2023

WHITE PLAINS—Christie's International Real Estate Westchester and Hudson Valley recently announced the opening of its new regional headquarters and sales gallery in White Plains. The new office is located at 1133 Westchester Ave. and features more than 5,000 square feet of modern office spaces for sales agents and corporate staff, including administrative, operations, marketing, IT…

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Study: NYC Workers Slowly Returning to Office

February 13, 2023

NEW YORK—The Partnership for New York City released a survey earlier this month of more than 140 major Manhattan office employers between Jan. 5 and Jan. 28, 2023, which showed that employees are continuing to return to the office, at least on a part-time basis. As of late January 2023, 52% of Manhattan office workers…

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OneKey MLS Partners with RISMedia To Deliver News Content to Subscribers

February 8, 2023

NORWALK, CT—RISMedia announced a new partnership with OneKey MLS, the largest multiple listing service in New York that serves more than 50,000 Realtors and 4,500 participating offices throughout Long Island, New York City and the Hudson Valley, to bring best-in-class articles and need-to-know information to its subscribers. OneKey MLS subscribers will receive a selection of…

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HGAR Members Honored at NYSAR Mid-Winter Meetings

February 8, 2023

ALBANY—The New York State Association of Realtors at its Mid-Winter Meetings held here earlier this month acknowledged HGAR’s 2022 Realtor of the Year Gail Fattizzi and announced the selection of a number of HGAR members for prestigious community service and industry advocacy awards, as well as several RPAC Hall of Fame inductions. From left, Gail…

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President Biden Promotes Infrastructure, CHIPS Bills And Economic Agenda in State of the Union Address

February 8, 2023

WASHINGTON—President Joe Biden in his 72-minute address last night before a divided Congress stressed that the State of the Union is strong and pushed his economic agenda that includes trillions of dollars in funding for infrastructure, climate change and semiconductor manufacturing that is creating tens of thousands of new jobs in the construction industry alone.…

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Hudson Valley iCampus Closes $40M In Major Lease, Renewal Transactions

February 6, 2023

PEARL RIVER—Officials with the Hudson Valley iCampus in Pearl River report the ownership has closed lease and renewal deals totaling 337,589 square feet on campus valued at more than $40 million from August 2021 through December 2022. “We are very pleased with how swiftly our rebranding program and outreach to the community has positively impacted…

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