Residential

Douglas Elliman Relocates to New Office in Greenwich

July 6, 2021

GREENWICH, 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…

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Department of Justice Withdraws from Settlement with NAR; Promises ‘Broad’ Investigation of NAR’s Rules and Conduct

July 2, 2021

WASHINGTON—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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In Memoriam: Former NYSAR, OCAR President Eugene ‘Gene” Currier Dies at 88

July 1, 2021

The 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…

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Valley National Bancorp to Acquire Westchester Bank in $220M Deal

July 1, 2021

WHITE 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…

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Goldman Sachs Fund Acquires Avalon Bronxville Multifamily Property

June 30, 2021

BRONXVILLE—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…

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Hines Tops Off NorthLight Project at Edge-on-Hudson Development

June 25, 2021

SLEEPY HOLLOW—International real estate firm Hines reported on June 24 it had topped off its NorthLight at the Edge-on-Hudson development being built at the former General Motors minivan assembly plant site on the shores of the Hudson River here. The new apartment community will bring 246 rental apartments to a vibrant mixed-use neighborhood. NorthLight is…

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U.S. Existing-Home Sales Drop Nearly 1% in May; Northeast Sales Fall 1.4%

June 22, 2021

WASHINGTON— Existing-home sales decreased for a fourth straight month in May, according to the National Association of Realtors. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. Sales in the Northeast slid 1.4% in May. While sales declined, each of the four areas again registered double-digit year-over-year…

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Experts Predict ‘The Seller’s Market is Going to Last’

June 21, 2021

WHITE PLAINS— With mortgage rates near all-time lows and significant pent-up demand, will New York’s residential real estate market favor sellers through 2021 and beyond? Real estate experts weighed in on what’s in store for the housing market and how agents can close deals from the East End to the West Side and all throughout…

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Westchester County Board to Vote on Co-Op Disclosure Bill on June 28

June 21, 2021

WHITE PLAINS—Decades of advocating for strong laws to promote co-op disclosure in order to prevent housing discrimination by cooperative boards may finally bear fruit later this month for members of the Hudson Gateway Association of Realtors and the consumers they represent. The Westchester County Board of Legislators at its meeting on June 28 is expected…

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The Henry Apartments in Pomona Trades for $54 Million

June 16, 2021

POMONA—Harbor Group International, LLC, which is headquartered in Norfolk, VA, has acquired The Henry, a 169-home luxury apartment community in Pomona, for $54 million. Commercial brokerage firm CBRE reported the sale on June 16. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller, a…

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Luxury Properties on the Hamptons are Still in High Demand

June 16, 2021

From sprawling Long Island Sound estates to stately Hudson River manors, to expansive rural retreats, the Hudson Valley is home to some of the most breathtaking luxury properties in New York and the nation. But, this time of year, when people begin to think about where to escape for the summer, inevitably, the Hamptons come…

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Real Estate Leaders Discuss Rebound of NYC’s Luxury Market

June 15, 2021

NEW YORK—Top New York real estate professionals zoomed in on the region’s luxury housing market to analyze the wave of multimillion-dollar sales, and weighed in on pricing, buying trends and prized locations at a virtual panel recently hosted by the Hudson Gateway Association of Realtors, Inc. and OneKey MLS. All agreed the luxury markets in…

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Construction Continues on Luxury Senior Independent Living Project

June 15, 2021

WHITE PLAINS—Construction continues on the premier independent living community project Waterstone of Westchester in Downtown White Plains. The development for those 62 and older will feature first-class amenities, 132 residences and supportive services on a parcel on Bloomingdale Road. Waterstone of Westchester is scheduled to open in the first quarter of next year. Waterstone Executive…

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Construction Begins on $53M Redevelopment of Tarrytown YMCA

June 10, 2021

TARRYTOWN—A host of state, county and local dignitaries were on hand on June 9 for the groundbreaking for 62 Main, a $53-million affordable housing development in the village of Tarrytown that involves the adaptive reuse of the historic YMCA facility. The development will also entail the construction of an additional building to create 109 affordable…

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Report: Bronx Hit Hard by COVID-19 Pandemic Begins Long Road to Recovery

June 10, 2021

NEW YORK—The COVID-19 pandemic hit the Bronx harder than any other borough, according to an economic analysis released on June 8 by New York State Comptroller Thomas P. DiNapoli. As vaccinations rise and restrictions ease, the Bronx has begun to repair the significant economic damage caused by the coronavirus that included a nearly 25% unemployment…

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