YONKERS—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…
Read MoreNEW YORK--Berkshire Hathaway HomeServices New York Properties announced on April 25 the addition of Steven James as its president and chief executive officer and Brad Loe as its executive vice president, director of sales as the company commences a significant brand expansion across the New York City residential brokerage market. The newly expanded New York…
Read MoreWHITE PLAINS—Realtors believe that the lower home sales numbers registered in the first quarter of this year were due primarily to record low inventory and not any sharp decline in buying demand. In fact, brokers interviewed by Real Estate In-Depth agree that current economic headwinds in the form of high inflation, rising mortgage interest rates…
Read MoreARMONK—A recently released study commissioned by The Welcome Home Westchester campaign has found there wasn’t any data from recent large multifamily developments in suburban Westchester communities to substantiate fears of a surge in student enrollment expressed by local opponents of those development projects. Not only have these projects been harmless to the districts, they have…
Read MoreWASHINGTON—Existing-home sales decreased in March, marking two consecutive months of declines, according to a report released today by the National Association of Realtors. Month-over-month, sales in March waned in three of the four major U.S. regions while holding steady in the West. Sales were down across each region year-over-year. Existing-home sales in the Northeast slid…
Read MoreALBANY—The most consequential economic development project for the mid-Hudson Valley region in decades is not a major corporate relocation, a large lease deal or a new massive warehouse developed by a national e-commerce giant. Instead, it will be a major infrastructure project that will surely facilitate mega deals like those mentioned above in the coming…
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