WASHINGTON—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 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 MoreWHITE PLAINS—It’s no secret that the residential housing buying frenzy is continuing with a vengeance in our region, with properties still receiving multiple offers and many would-be home buyers left in the dust. Low interest rates, currently hovering around 3%, are helping to ignite the desire for home ownership. Lenders throughout the New York metro…
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 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 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 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 MoreWHITE PLAINS—Residential home sales in the lower Hudson Valley for the second quarter of 2021 continued a remarkable recovery from the depths of the COVID-19 crisis a year ago, with every county in the market serviced by OneKey MLS, demonstrating strong gains both in the number of sales as well as increased median sales prices.…
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…
Read MoreThe Hudson Gateway Association of Realtors regrets to inform its membership of the passing of veteran Realtor Eugene “Gene” Currier of Middletown on June 29 at the age of 88. During his long illustrious career in real estate, Currier served as President of the New York State Association of Realtors and the Orange County Association…
Read MoreWHITE PLAINS—New York City-based Valley National Bancorp and The Westchester Bank Holding Corporation announced on June 28 they had entered into a definitive merger agreement whereby Valley will acquire Westchester, parent company of The Westchester Bank. The acquisition of this high-performing commercial bank will provide Valley a physical footprint and additional commercial lending expertise in…
Read MoreBRONXVILLE—A 110-unit multifamily property built more than two decades ago here has been acquired by a fund managed by New York City-based Goldman Sachs Asset Management. Goldman Sachs acquired Avalon Bronxville, which was built and renovated in 2012 by owner AvalonBay Communities for an undisclosed price. Avalon Bronxville, which is located adjacent to the Metro…
Read MoreNEW YORK—Jonathan Rose Companies, L+M Development Partners and Acacia Network announced on June 29 the closing of $223 million in financing for the second and final phase of Sendero Verde, a 100% affordable mixed-use Passive House and Enterprise Green Communities certified development in East Harlem. The development will feature 709 units of affordable housing, community…
Read MoreWHITE PLAINS—The Westchester County Board of Legislators in a 15-2 vote last night approved an amendment to the existing Co-Op Disclosure Law that now requires a cooperative Board of Directors to provide a reason for a denial of an applicant seeking to purchase a unit at their property. The measure went into effect immediately as…
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