Residential

BHHS NY Properties Names Diane Ramirez Chief Strategy Officer

August 4, 2021

NEW YORK—Berkshire Hathaway HomeServices New England/ Westchester/New York Properties announced on Aug. 3 that Diane Ramirez has been named Chief Strategy Officer of its New York City brokerage. Ramirez was most recently the executive chairman and senior advisor of Brown Harris Stevens, as well as the co-founder of Halstead. In her new role, Ramirez will…

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Mount Pleasant IDA Grants Incentives For Hawthorne Multifamily Development

August 4, 2021

VALHALLA—The Mount Pleasant Industrial Development Agency voted at its July 29th meeting final approval of financial incentives for the construction of a three-story building with 16 apartments and underground parking located at 500 Commerce St. in Hawthorne. The residential project, which received preliminary approval at the IDA’s June 2 meeting, represents a total private investment…

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Dottie Herman Steps Down as Douglas Elliman CEO

August 3, 2021

NEW YORK—Residential brokerage firm Douglas Elliman, announced today that Dottie Herman has stepped down as its Chief Executive Officer. The firm has promoted President and Chief Operating Officer Scott Durkin to Chief Executive Officer, effective immediately. Herman, who purchased Douglas Elliman in 2003 in partnership with Douglas Elliman Chairman Howard M. Lorber, has been named…

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GUEST VIEWPOINT: Victory for Fair Housing, What’s Next?

August 2, 2021

It’s easy to see why the real estate community of Westchester County would celebrate a long, hard-fought battle for the passage of an amendment to the county’s co-op disclosure law (2018-11). The Hudson Gateway Association of Realtors and the New York State Association of Realtors have been lobbying Albany lawmakers for statewide approval for 20…

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State to Provide $200M for Housing Projects in Westchester, Bronx

July 30, 2021

ALBANY—Gov. Andrew Cuomo announced on July 29 that as part of his $20-billion program to combat homelessness and create affordable housing, the state will provide a total of $195.5 million in financing for two housing developments in Westchester and two in the Bronx. The governor announced $270 million in financing for six affordable housing developments…

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Gov. Cuomo Mandates All State Workers to be Vaccinated by Labor Day

July 28, 2021

ALBANY—Several days after New York City issued the mandate, Gov. Andrew Cuomo on Wednesday announced that all New York State employees—about 130,000 people—will be required to get vaccinated for COVID-19 by Labor Day. The governor also announced that all patient-facing healthcare workers at state-run hospitals will be required to get vaccinated for COVID-19 by Labor…

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120-Acre Rockland County Parcel on Market for $10.5 Million

July 28, 2021

SLOATSBURG—Tucked into the northern reaches of Rockland County, a 120-acre wooded and lakeside development parcel in the private gated community of Pierson Lakes is being offered for sale for $10.5 million. The owner, Byron-Hill Homebuilders, is marketing the entire parcel to a single buyer or luxury home developer. The property, which has been in the…

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Annual Foreign Investment in U.S. Existing-Home Sales Falls to Lowest Level in a Decade

July 28, 2021

WASHINGTON—Foreign buyers purchased $54.4 billion worth of U.S. existing homes from April 2020 through March 2021, a 27% decrease from the previous 12-month period and the fourth consecutive annual decline in foreign investment in U.S. residential real estate, according to a new report released by the National Association of Realtors. Foreign buyers purchased 107,000 properties,…

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U.S. Existing-Home Sales Rose 1.4% in June

July 22, 2021

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…

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Village of Haverstraw Releases RFP To Develop Waterfront Parcels

July 21, 2021

HAVERSTRAW—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…

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Brown Harris Stevens Appoints Chris Halstead Exec. Sales Director of Connecticut Brokerage

July 20, 2021

NEW 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…

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Study: Housing Costs Out of Reach for Many Hudson Valley Renters

July 19, 2021

NEWBURGH—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…

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Suburban NYC Home Sales Continue Historic Run

July 15, 2021

WHITE 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…

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Residential, Commercial Lenders Predict Low Rates, High Demand in 2021

July 14, 2021

WHITE 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…

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Ginsburg Celebrates Grand Openings at White Plains, Peekskill Properties

July 13, 2021

WHITE 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…

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Yonkers Mayor Spano Vetoes Boost in Affordable Housing Requirement

July 8, 2021

YONKERS—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…

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