NEW ROCHELLE, NY—The City of New Rochelle announced on May 12 the selection of Brooklyn, NY-based FXCollaborative to transform the city’s Train Station and Transit Center located at the heart of its thriving downtown. The busiest stop on the Metro-North New Haven line, New Rochelle’s historic train station has been an anchor through the decades,…
Read MoreWASHINGTON—The National Association of Realtors recently released its Confidence Index Survey for the month of April, which showed continued broker sentiment that market conditions have and will continue to remain the same with listings low and contract activity staying competitive. The NAR report indicated that the time on market has declined from 29 days in…
Read MoreTARRYTOWN—The Hudson Gateway Association of Realtors along with six other regional Realtor Associations, will be holding the 2nd Annual Diversity, Equity & Inclusion (DEI) Summit on June 5 and 6 at the Sleepy Hollow Hotel & Conference Center in Tarrytown. OneKey MLS is the Premier Sponsor for the event. HGAR is teaming up with the…
Read MoreNEW YORK—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, was honored recently by VISIONS/Services for the Blind & Visually Impaired at the not-for-profit’s Annual Awards event held at the Pelham Bay/Split Rock Golf Course in the Bronx. Gail Fattizzi, President of the HG Realtor Foundation, accepted the award…
Read MoreFARMINGDALE, NY—OneKey MLS, reported earlier today (May 22) that the closed median sale price rose 4.00% in its market area that covers nine counties in the New York City Metro/Hudson Valley regions. OneKey MLS reported a regional closed median sale price of $575,000 in April, as compared to the $553,175 reported in March 2023. Sales…
Read MoreGREENWICH, CT—Regency Centers Corp. of Jacksonville, FL and Urstadt Biddle Properties Inc., which is headquartered in Greenwich, CT, announced on May 18 that they had entered into a definitive merger agreement by which Regency will acquire Urstadt Biddle in an all-stock transaction, valued at approximately $1.4 billion, including the assumption of debt and preferred stock.…
Read MoreWASHINGTON—Existing-home sales decreased more than 3% in April, according to the National Association of Realtors. All four major U.S. regions registered month-over-month and year-over-year sales declines. Home sales in the Northeast fell less than 2% last month, according to the NAR report. Total existing-home sales slid 3.4% from March to a seasonally adjusted annual rate…
Read MoreALBANY—New York Gov. Kathy Hochul announced on May 17 the opening of the $150-million Mid-Hudson Momentum Fund grant application process for mixed-use housing and infrastructure projects throughout the Mid-Hudson Region. The initiative will help communities meet growing infrastructure needs in light of the recent, region-wide population increase brought on by the pandemic, state officials said.…
Read MoreNANUET—Howard Hanna | Rand Realty announced on May 17 that J. Philip Faranda and the agents of J. Philip Real Estate located at offices in Briarcliff Manor and Carmel have joined the brokerage firm. The deal significantly expands the footprint of Howard Hanna | Rand Realty with two new offices in New York State, located…
Read MoreYONKERS—Officials with Westchester Residential Opportunities Inc. reported that more than 600 prospective homebuyers attended its 2023 Fair & Affordable Housing Expo here. The program, which ran from 11 a.m. to 4 p.m. on April 29, was held this year at the Yonkers Riverfront Library. In addition to real estate service providers that were on hand,…
Read MoreWASHINGTON—The Federal Housing Finance Agency announced on May 10 that it had rescinded the upfront fees based on borrowers' Debt to Income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. FHFA had announced in March it would delay implementation in order to engage with industry stakeholders and better understand their concerns. “I…
Read MoreNEW YORK—Locally-based Nuveen, the $1.1-trillion asset manager of TIAA, reported on May 9 it is acquiring a portfolio of multifamily assets from Omni Holding Company totaling approximately 12,000 units. A majority of the acquired assets, more than 10,000 units, are located in the Bronx, Brooklyn, Queens, Manhattan, Long Island and Newark, NJ. No financial terms…
Read MoreWASHINGTON —Nearly seven out of 10 metro markets registered home price gains in the first quarter as 30-year fixed mortgage rates fluctuated between 6.1% and 6.7%, according to the National Association of Realtors latest quarterly report released on May 9. Seven percent of the 221 tracked metro areas registered double-digit price increases over the same…
Read MoreNEWBURGH—Non-profit research firm Hudson Valley Pattern for Progress released a report on May 3 that chronicled the Hudson Valley’s population loss during the height of the COVID-19 pandemic in 2019 and 2020. The region lost 4,845 people due to migration to locations outside of the Hudson Valley. The Pattern for Progress report points out, however,…
Read MoreWHITE PLAINS—Executives with Greystar Real Estate Partners LLC and the Cappelli Organization joined officials from Westchester County and the City of White Plains on April 18 to celebrate the “topping out” milestone in the construction of the mixed-use 25 North Lex development in Downtown White Plains. Officials and several hundred construction workers cheered as the…
Read MoreALBANY—A new record of approximately 120 HGAR members and staff traveled to Albany on Tuesday, May 2 to meet with state lawmakers from the New York City/Hudson Valley regions to advocate on key real estate-related issues and legislation as part of the New York State Association of Realtors Lobby Day. HGAR President Tony D’Anzica reported…
Read MoreWASHINGTON—A majority (63%) of agents and brokers said promoting energy efficiency in listings is very or somewhat valuable, according to a new report from the National Association of Realtors—The 2023 Realtors and Sustainability Report. “While each area of the country has a unique climate and community resources, Realtors are finding the need to embrace their…
Read MoreRYE BROOK—Houlihan Lawrence has reported the appointment of Garry Klein as Director of the company’s Commercial Division. Klein previously served as Regional Manager and Associate Broker responsible for recruiting, training and managing the Westchester division of the company. In his previous role, Klein represented owners, buyers and tenant clients in the evaluation, sales, purchase and…
Read MoreWASHINGTON—Pending home sales decreased in March for the first time since November 2022, the National Association of Realtors reported yesterday (April 27). Three U.S. regions posted monthly losses, while the South increased. All four regions saw year-over-year declines in transactions. Home sales in the Northeast fell more than 8%. The Pending Home Sales Index—a forward-looking…
Read MoreYONKERS—Yonkers Mayor Mike Spano joined Ginsburg Development Companies and city officials on April 21 to celebrate the dedication of the Martin Ginsburg Park in the Greystone neighborhood that links Warburton Avenue to the Old Croton Aqueduct State Trail. The new park, which is named after the GDC Founder and Principal Martin Ginsburg, features a stairway…
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