HAMILTON, NJ—The value of commercial and multifamily starts in the top 20 metropolitan areas of the U.S. gained 12% during the first six months of 2021 relative to the first half of 2020, according to a report released on July 27 by Dodge Data & Analytics. Nationally, commercial and multifamily construction starts were 10% higher…
Read MoreWASHINGTON—Existing-home sales increased in June, snapping four consecutive months of declines, according to the National Association of Realtors. Three of the four major U.S. regions registered small month-over-month gains, while the fourth remained flat. However, all four areas notched double-digit year-over-year gains. Existing-home sales in the Northeast increased 2.8% in June, recording an annual rate…
Read MoreHAVERSTRAW—The Village of Haverstraw released a Request for Proposal on July 21 for the development of two waterfront parcels currently known as the Chair Factory and Damiani Properties. The village has owned these parcels for several years. This more than nine-acre combined parcel sits on a peninsula at the foot of Main Street at the…
Read MoreEditor’s Note: This column first appeared in RISmedia. As a small business owner and president of the National Association of Realtors (NAR), I want to set the record straight on misconceptions by some about the real estate industry. Commissions for real estate agents and brokers are negotiable. Always have been. Always will be. Let’s put…
Read MoreNEW YORK—Residential real estate brokerage firm Douglas Elliman announced on July 19 that real estate veteran Richard Ferrari has joined the firm as president and CEO of Brokerage for New York City and the Northeast Region. In this role, Ferrari, a highly regarded industry expert, will oversee the firm’s New York City resale markets, including…
Read MoreNEW YORK—Brown Harris Stevens reports today that Christopher Halstead, the nephew of Halstead co-founder and real estate legend Clark Halstead, has joined the firm’s Connecticut residential brokerage operations as executive sales director. In the role, Halstead will work across all six of the Connecticut offices, supporting agents, respective management teams, and further helping shape business…
Read MoreNEWBURGH—Affordably priced housing continues to be out of reach for many Hudson Valley residents as rents are rising faster than wages, making the gap between what people can afford to pay and what it costs to rent in the region even wider, according to an analysis of data by Hudson Valley Pattern for Progress’ Center…
Read MoreTARRYTOWN—The planned expansion of Westchester County-based Regeneron Pharmaceuticals has exponentially increased and is now valued at $1.8 billion. The firm, which is seeking approvals from the Town of Greenburgh for an expansion plan valued at $480 million, is now moving forward with a multi-year expansion that will approach nearly $2-billion. The Tarrytown-headquartered firm’s updated expansion…
Read MoreConsidering the increase in the amount of vaccinations and decrease in COVID cases, the Hudson Gateway Association of REALTORS® has opted to hold its 105th Annual Member Appreciation Day on Monday, as a LIVE event on October 25, at the Sleepy Hollow Hotel and Conference Center in Tarrytown. (formerly the DoubleTree Hotel). Last year, for…
Read MoreWHITE PLAINS—Home sales activity in the Hudson Gateway Association of Realtors’ region continued to be historically robust in the second quarter of this year, fueled by strong demand and a continued economic recovery from the coronavirus pandemic. All key data metrics throughout the region were significantly higher in the second quarter, with the exception of…
Read MoreTo say that there has been a lot on the plate for Orange County Executive Steve Neuhaus would be an understatement. In his second term of office he had to deal with the death and devastation caused by the coronavirus pandemic beginning in March 2020. In an exclusive interview with Real Estate In-Depth, Neuhaus discusses…
Read MoreWHITE PLAINS—Ginsburg Development Companies recently staged ceremonies marking key milestones on the development firm’s projects in Downtown White Plains and in Peekskill. The real estate community has been anxiously awaiting the grand opening of its $43.7-million White Plains project, which marked the first major office building in Westchester County to be converted into luxury rental…
Read MoreGOSHEN—In a no-holds barred interview, Orange County Executive Steve Neuhaus recently told Real Estate In-Depth that if Congress passes a large federal infrastructure bill, one of the first projects in New York State that should be funded is the expansion of Route 17, which could come with a price tag of more than $1 billion.…
Read MoreMIDDLETOWN—More than 300 political, business and civic leaders gathered at the West Hills Country Club in Middletown on June 8 to honor the Orange County Partnership’s 2021 Most Valuable Partner (MVP) veteran attorney Richard Golden. The program, held in a tent on the West Hills complex to conform with CDC coronavirus guidelines, featured a host…
Read MoreYONKERS—After the Yonkers City Council approved an amended Affordable Housing Ordinance late last month that would increase the affordable housing requirement for new development projects from 10% to 20%, Mayor Mike Spano vetoed the measure on July 7th saying it is infeasible without significant public subsidy. The mayor cited an independent report conducted by HR&A…
Read MoreNEWBURGH—Jonathan Drapkin, the longtime president and CEO of Pattern for Progress, will be leaving the regional think tank at the end of this year. Drapkin’s departure was announced on July 8th by Suzanne Loughlin, Pattern Board chair and founder of CrisisRisk Strategies, LLC, who said, “Our longtime leader, Jonathan Drapkin, will step down from his…
Read MoreGREENWICH, CT—In what the brokerage firm says is a new record for the company, Houlihan Lawrence reported that its Greenwich and Riverside offices surpassed $1 billion in sales volume in the first six months of this year. Last year, it took 11 months for the firm’s Connecticut offices to reach the $1-billion mark “Achieving this…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors recently welcomed Freddimir “Freddy” Garcia, of Poughkeepsie as its new Diversity, Equity and Inclusion (DEI) Officer. In this newly created role, Garcia will lead the association’s efforts in developing and executing HGAR’s diversity, equity, and inclusion goals and initiatives. He will be working out of HGAR’s White Plains…
Read MoreGREENWICH, CT—Douglas Elliman recently announced it had relocated to a new larger location in Greenwich at the historic, free-standing John Lockhart House on 75 Arch St. Company officials state the move underscores the brokerage’s commitment to the region, increasing its office footprint to a four-story, 6,000-square-foot building in order to accommodate its 70 agents and…
Read MoreWASHINGTON—The U.S. Department of Justice announced on July 1 it was withdrawing from a settlement it had reached with the National Association of Realtors last November in order “to permit a broader investigation of NAR’s rules and conduct to proceed without restriction.” The U.S. Justice Department has also filed to voluntarily dismiss its complaint against…
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