YONKERS—The Yonkers Industrial Development Agency announced on May 2 it had granted preliminary approval of a $49.6 million, 10-story mixed-use residential building on Main Street and Riverdale Avenue. The project will feature 76 affordable rental dwelling units and ground floor commercial space. Called St. Clair Residences, the project is located on vacant parcels at 36-38…
Read MoreRYE BROOK—Manhattan-based Cohen Brothers Realty Corporation announced on May 12 it will submit a proposal for what it termed will be a “dramatic redevelopment” of the shuttered Doral Arrowwood Hotel and Conference Center. The plan calls for the construction of a wellness-focused luxury boutique hotel and spa destination featuring multiple restaurants, celebrity-chef dining, extensive indoor…
Read MoreWASHINGTON—The initial reaction from the real estate industry to President Biden’s Housing Supply Action Plan that looks through a variety of measures to increase the affordable housing stock in the United States by preserving and building hundreds of thousands of units and closing the housing supply gap in the country within the next five years…
Read MoreCARMEL—Coldwell Banker Village Green Realty has acquired Coldwell Banker Fowkes Realty in Carmel. Thirteen new agents come under the CBVGR banner, with more than 40 years of expertise in Putnam, Westchester and southern Dutchess counties and northwestern Connecticut, company officials stated. “I am thrilled that Leonore Garvey and the team at Coldwell Banker Fowkes Realty…
Read MoreWHITE PLAINS — HGAR leadership and members of the HGAR Global Business Council welcomed, Olena Haidamakha, Board of Director of the Ukrainian Realtors Association, to the HGAR headquarters in White Plains on May 9 for a meeting and signing of a Memorandum of Understanding between the two associations. Haidamakha traveled to New York State following…
Read MoreYONKERS—Westchester County and city officials were on hand on May 5 to celebrate the groundbreaking of a nearly $600-million mixed-use project that will transform a large swath of the city’s waterfront by adding nearly 1,400 units of housing to its growing housing stock. Extell Development officials turned the first dirt on its long awaited $585-million…
Read MoreNANUET—In a continuation of its expansion in the State of Connecticut, Howard Hanna | Rand Realty announced on May 12 its recent merger with Dilillo Real Estate of Bethel in Fairfield County, CT. “I am thrilled to welcome Jim Dilillo and his talented team of agents. It’s rewarding to continue our expansion into Connecticut as…
Read MoreMADISON, NJ— Realogy Holdings Corp. announced on March 12 that the company will rebrand as Anywhere Real Estate Inc. (referred to as “Anywhere”), signaling what it says is “a deep commitment to reimagine the consumer experience at any point in the real estate transaction journey. Home to real estate brands, Better Homes and Gardens Real…
Read MoreMark Your Calendar! MAWHAH, NJ—For the first time ever, HGAR is partnering with other regional Realtors Associations, including the New York State Association of Realtors, the New Jersey Association of Realtors and the National Association of Realtors, to present a two-day Diversity, Equity & Inclusion (DEI) Summit, to be held at the Sheraton Mahwah Hotel…
Read MoreALBANY—A contingent of more than 70 members of the Hudson Gateway Association of Realtors and staff traveled to Albany on May 10 to lobby state lawmakers on the organization’s 2022 legislative agenda that includes staunch opposition to “Good Cause” eviction and the association’s support for statewide co-op transparency legislation, similar to laws passed in Rockland…
Read MoreNATIONAL HARBOR, MD—Six members of the Hudson Gateway Association of Realtors were honored by the National Association of Realtors for their generous contributions to the Realtors Political Action Committee (RPAC). Michael Schmelzer Dorothy Botsoe Susan Goldy On May 3, the National Association of Realtors held its largest ever Hall of Fame Induction Ceremony at the…
Read MoreNEW CITY—Executives with four newly opened Rockland County residential brokerage firms recently met in New City to discuss their respective paths to opening their own independent brokerage in the county and the difficulties each faced in venturing out on their own. The four Brokers formed a group to help support each other through collaboration and…
Read MoreNEW YORK—Los Angeles-based brokerage firm The Agency has acquired Triplemint, a technology-driven residential brokerage firm, which is headquartered in Manhattan. No financial details of the transaction were released. The Agency, in conjunction with the Triplemint deal, reported it has jointly raised $35 million in growth capital from strategic investors, further positioning the firm for strategic…
Read MoreYONKERS—The Yonkers Industrial Development Agency announced on May 2 it had granted preliminary approval of a $49.6 million, 10-story mixed-use residential building on Main Street and Riverdale Avenue. The project will feature 76 affordable rental dwelling units and ground floor commercial space. Called St. Clair Residences, the project is located on vacant parcels at 36-38…
Read MoreWASHINGTON—The first quarter of 2022 saw more markets reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors' latest quarterly report released on May 3. Seventy percent of 185 measured metros experienced such price gains, up from 66% in the preceding quarter. These increases come as median single-family existing-home…
Read MoreNEW YORK—A host of federal, state and city agencies have closed on the refinancing of a $621.5-million U.S. Housing and Urban Development loan with Riverbay Corp., the management company for Co-op City in the Bronx. The refinancing deal announced on April 27, provides Riverbay Corp. with $124 million in proceeds that will be used for…
Read MoreNEW HAVEN, CT—An affiliate of Paredim Partners LLC, which is headquartered in Elmsford, has acquired The Taft Apartments, a landmark apartment and commercial property in New Haven, CT. Situated across from Yale's Old Campus and the historic New Haven Green, this landmark 14-story building contains 194 studio, one and two-bedroom homes with commanding views of…
Read MoreWASHINGTON—While U.S. pending home sales fell for the fifth consecutive month in March, pending sales in the Northeast bucked that trend. The other three other major U.S. regions experienced declines in transactions and all four regions reported decreases in year-over-year contract activity. The Pending Home Sales Index, a forward-looking indicator of home sales based on…
Read MoreNEWBURGH—The City of Newburgh has recently issued two Request for Proposals (RFPs) that represent what it terms are “exciting and unique development opportunities” for several city-owned properties, including City Hall. The first, RFP #11.22, seeks proposals for the creative redevelopment of numerous city-owned properties—both existing buildings and vacant parcels—that the city hopes will result in…
Read MoreWASHINGTON—The number of Realtors involved with buying or selling a property with green features has significantly increased in the past year, according to a study released on April 26 by the National Association of Realtors. The “2022 Realtors and Sustainability Report” surveyed NAR members nationwide regarding sustainability issues currently facing the real estate industry. Half…
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