News

NY State’s New Fair Housing Regulations Now in Effect

June 24, 2020

ALBANY—The New York State Department of State announced that the new regulations for real estate professionals to help combat housing discrimination took effect on June 20, 2020. The new regulations, which the New York State Real Estate Board approved in December 2019, mandate enhanced disclosures by real estate professionals to help ensure prospective home buyers,…

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Existing-Home Sales Fall 9.7% in May; NAR Expects Strong Rebound in Coming Months

June 22, 2020

WASHINGTON—Existing-home sales fell in May, marking a three-month decline in sales as a result of the coronavirus outbreak, according to the National Association of Realtors. Each of the four major regions witnessed dips in month-over-month and year-over-year sales, with the Northeast experiencing the greatest month-over-month drop at 13%. Total existing-home sales, completed transactions that include…

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HGAR, Bronx-Manhattan North Assoc. Agree to Merge

June 18, 2020

WHITE PLAINS—At press time, the Hudson Gateway Association of Realtors, Inc. and the Bronx-Manhattan North Association of Realtors, Inc. have scheduled votes of their respective memberships to approve a proposed merger of the two Realtor organizations, Real Estate In-Depth has learned. The Hudson Gateway Association of Realtors has scheduled a special virtual meeting on July…

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NOTICE OF SPECIAL MEETING OF THE MEMBERS of the Hudson Gateway Association of REALTORS®, Inc. JULY 1, 2020

June 18, 2020

A Special Meeting of the Members of the Hudson Gateway Association of REALTORS®, Inc. (“HGAR”) will take place on July 1, 2020 at 10:00 AM via a Zoom Meeting Audio-Visual Conference. The Members’ Meeting can be accessed by the Members by utilizing the following registration link: https://zoom.us/webinar/register/WN_8yOwKy-rTpKcwHmCehEH0w which will provide the necessary registration and login…

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Stark Office Suites Expands Flagship White Plains Location

June 18, 2020

WHITE PLAINS—Stark Office Suites reported on June 16th it has increased its Westchester executive office suite footprint and now occupies the entire 11th floor at 445 Hamilton Avenue, the company’s flagship site in the heart of Downtown White Plains. Offering more than 26,000 square feet, this location is the largest suburban space in the Stark…

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Bronx Office Condo Project Secures $29M Mortgage

June 18, 2020

A large office condominium on the Grand Concourse in the Bronx that has been turned around by a partnership of Sam Jemal of JJ Operating, Inc. of New York City and members of his family together with James J. Houlihan and members of Houlihan-Parnes Realtors, LLC of White Plains, secured a $29-million first mortgage on…

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OneKey MLS Now Live for Consumers

June 17, 2020

NEW YORK—The first regional MLS in the New York Metro area, OneKey MLS, has announced the launch of its new consumer search website—OneKeyMLS.com. The new listing search portal offers consumers more than 40,000 listings and some 500 communities throughout the New York Metropolitan area, making it the largest selection of for sale and lease listings…

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Local Sales Tax Collections Drop More Than 32%

June 15, 2020

ALBANY—Sales tax revenue for local governments in May fell 32.3% compared to the same period last year, according to State Comptroller Thomas P. DiNapoli. Sales tax collections for counties and cities in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a…

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Halstead Merges with Brown Harris Stevens

June 15, 2020

NEW YORK—The owners of Terra Holdings announced recently that brokerage firm Halstead is now part of Brown Harris Stevens. The strategic restructuring of Terra Holdings subsidiaries significantly expands the footprint and resources of Brown Harris Stevens residential brokerage. The transition will occur with a phased in approach beginning in New York City. Senior management of…

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Living in the Now

June 15, 2020

As we head into another re-opening phase, let’s take a moment to reflect on our current events as well as our present state of affairs. After enduring a three-month pandemic that stopped the world, it is only now that we begin to emerge from a “shelter in place.” The phrase itself, “shelter in place,” is…

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Westchester County Mulls Launching COVID Aid Fund

June 11, 2020

WHITE PLAINS—The Westchester County Industrial Development Agency could be establishing in the near future a fund that would provide grants and loans to county businesses hurt by the coronavirus pandemic. Westchester County Director of Operations Joan McDonald reported this morning that the program could total $500,000 in financing. The county would be moving forward on…

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A.S.A.P. Mortgage Opens New Headquarters in Peekskill

June 11, 2020

PEEKSKILL—A.S.A.P. Mortgage announced on June 8 it has relocated its corporate headquarters from Cortlandt Manor to Peekskill. Originally scheduled for mid-April, the opening of A.S.A.P.’s new headquarters was delayed until June 1 due to the coronavirus pandemic. The new headquarters is located at 2 South Division St., at the intersection of Division Street and Central…

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Work Progresses on $300M Hudson Heritage Mixed-Use Project in Town of Poughkeepsie

June 8, 2020

TOWN OF POUGHKEEPSIE—Developers are undertaking substantial demolition and renovation work as they move forward with the Hudson Heritage mixed-use community being developed on 156 acres on Route 9 across from Marist College. The $300-million project will include housing, a hotel and conference center, retail, a supermarket, restaurants, entertainment, and medical and office space. The site…

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Westchester Disinfectant Service Company Offers Sanitization Program for New Homeowners, Renters

June 5, 2020

RYE BROOK—National Disinfection Services announced on May 15th it is launching what it terms is a “socially minded, one-of-a-kind” residential “Certification of Disinfection” program. The program comes with the “Clean Home Certified” seal of approval—an attestation that their new home is 99.9% free of any and all disease-bearing pathogens like COVID-19. “Given the new realities…

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NAR Identifies Top 10 Housing Markets for Millennials During the Pandemic

June 4, 2020

WASHINGTON—– The National Association of Realtors issued a report today identifying 10 housing markets with favorable conditions for Millennial homebuyers during the coronavirus pandemic. None of the major cities in the Northeast made the list. The only metro area on the East Coast to make the top 10 Millennial list was Durham, Chapel Hill, NC.…

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New Westchester Builders Group Begins Operations

June 3, 2020

ARMONK – The Building and Allied Construction Industries of Westchester, the newest chapter of the New York State Builders Association and the National Association of Home Builders, announced on June 2 that it was officially open for business and accepting new members. The announcement came one week after Westchester County and the Mid-Hudson Region achieved…

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