Residential

$14.5-Million Greenwich Waterfront Estate Sale Highlights Strengthening Luxury Home Market

February 14, 2018

GREENWICH, CT—A recent $14.5-million waterfront estate sale has brokers in Greenwich saying reports of a weak luxury real estate market in this exclusive Fairfield County community belie recent activity and concrete sales data. Houlihan Lawrence agent Ellen Mosher exclusively represented the buyer for 51 Glen Avon Drive in the highly sought-after Greenwich waterfront neighborhood of…

Ellis Sotheby’s Realty Funds New Home for Haitian Family

February 12, 2018

NYACK—Ellis Sotheby’s International Realty, which recently raised more than $6,000 to build a hurricane-resistant house for a family in Labodrie, Haiti, has announced that construction is complete and the family has moved into its new home. Construction was completed within six months through the luxury brokerage firm’s partnership with New Story, a non-profit that works…

Weichert, Realtors’ Office Joins Forces With Monroe P.D. for Holiday Toy Drive

February 12, 2018

MONROE—John Chewens, manager of Weichert, Realtors’ Monroe office, announced recently that his office once again partnered with the Monroe Police Department to collect toys to assist families and children in need this holiday season. The effort was part of the 39th Annual Weichert Toy Drive. “This was our way of giving back to the community…

Houlihan Lawrence Begins Leasing SOYO Lofts Property in Yonkers

February 12, 2018

YONKERS—Loft-style apartment living along the Hudson River waterfront is coming to South Yonkers with the debut of SOYO Lofts, it was announced recently by Houlihan Lawrence, the exclusive marketing and leasing agent. SOYO Lofts features 25 studio and two-bedroom duplex apartments in the former Statesman and McCann buildings on Mill Street. The 22 studios range…

Rosie O’Donnell Sells South Nyack Home

February 12, 2018

SOUTH NYACK—Ellis Sotheby International Realty reported on Feb. 12th that comedian, actress and TV personality Rosie O'Donnell recently sold her Hudson riverfront residence at 1 Gesner Ave. in South Nyack, NY for $5.1 million. The listing agent was Hamid Moghadam of Ellis Sotheby’s International Realty. The main house at 1 Gesner Ave., which originally listed…

HGAR’s Katheryn DeClerk Named to RPAC Hall of Fame

February 12, 2018

The newest inductees to the RPAC of New York Hall of Fame are third from left, Katheryn DeClerck of the Hudson Gateway Association of Realtors, and Mike Smith of the Greater Rochester Association of Realtors, who were pictured alongside RPAC Trustees Chair Nancy Quigg (second from left) and NYSAR President, CJ DelVecchio (far right). The…

NAR: Federal Budget Deal Includes Several Pro-Real Estate Provisions

February 9, 2018

WASHINGTON—The National Association of Realtors reported on Feb. 9, shortly after President Donald Trump signed the federal budget deal, that the agreement includes a number of benefits for the real estate industry, including a temporary extension of federal flood insurance and the extension of NAR-backed tax provisions that range from debt forgiveness relief, mortgage insurance…

Houlihan Lawrence, RXR Realty Named to BCW’s Business Hall of Fame

February 7, 2018

RYE BROOK—The real estate industry is well represented in this year’s Business Hall of Fame honorees of the Business Council of Westchester. Real estate firms Houlihan Lawrence and RXR Realty were among the six overall Hall of Fame selections. The winners will be honored at the 2018 Business Hall of Fame Awards Dinner on Tuesday,…

Rockland Legislature Passes Co-Op Purchase Reform Bill

February 7, 2018

NEW CITY—Realtors who have pressed state and local lawmakers for years for cooperative purchase transaction reform scored a major victory on Tuesday night when the Rockland County Legislature passed unanimously a bill that requires co-op boards to make a timely decision on applications by prospective buyers. The bill, sponsored by Legislator Alden H. Wolfe, requires…

Berkshire Hathaway HomeServices Expands New York City Presence

February 6, 2018

NEW YORK—A little over a year after establishing a presence in New York City, Berkshire Hathaway HomeServices New York Properties reports it has merged with Manhattan-based RP Miller Realty Group, led by veteran residential broker Reba Miller. The RP Miller team, led by Miller, is comprised of Susan Rubell, Lee M. Frankel, Vanessa Spenuzza, Michelle…

HGAR, LIBOR in Talks to Create Regional MLS

February 2, 2018

WHITE PLAINS—The respective leadership of the Hudson Gateway Association of Realtors and the Long Island Board of Realtors, the two largest Realtor organizations in New York State, announced on Feb. 1 that the two Realtor groups are in negotiations to create a regional multiple listing service that would service approximately 36,000 subscribers. When the Memorandum…

Real Estate Experts Predict Stability in 2018 for Residential, Commercial Sectors Despite Headwinds

January 31, 2018

NEW YORK—A comprehensive report issued today by the National Association of Realtors, Deloitte and Situs RERC predicts the residential and commercial real estate property markets will remain strong this year, despite continued political instability in our nation’s capital, as well as other market specific negative influencers. Situs RERC, Deloitte and the National Association of Realtors…

Residential Home Sales Bull Market to Continue in 2018

January 24, 2018

WHITE PLAINS—The residential home sales market in the Hudson Valley remained robust in 2017, rising 4% over 2016’s sales totals. However, the rate of growth declined sharply from the 12.5% sales increase posted in 2016. Realtors interviewed by Real Estate In-Depth believe that the positive sales momentum will continue in 2018, despite the expected impacts…

Toll Brothers Acquires Out Parcels At Former GM Assembly Plant

January 17, 2018

SLEEPY HOLLOW— The development team at the former General Motors assembly plant here has announced that homebuilder Toll Brothers has signed an agreement to purchase and build out lots in Phase 1 of the project. It is anticipated that Toll Brothers will build as many as 306 units of housing, including 61 affordable workforce and…

Bellefield Hotel Project Secures Key Approval; Construction Expected to Begin This Year

January 16, 2018

HYDE PARK—Bellefield Development Partners, an affiliate of T-Rex Capital Group LLC, and its partner The Shaner Hotel Group, reported on Jan. 16 that the project received a resolution from the Hyde Park Planning Board to grant conditional site plan approval for a 133-room soft branded Residence Inn at the development property. The Inn at Bellefield…

Ginsburg Pays $54M for The Landing on Mohegan Lake

January 16, 2018

MOHEGAN LAKE—Ginsburg Development Companies has paid $54 million for The Landing on Mohegan Lake, a lakefront multifamily rental community featuring 207 one- and two–bedroom apartments here. GDC acquired the property from New Chalet Apartments, Inc., a private equity group based in Dallas, TX. Jeffrey R. Dunne, of CBRE’s Stamford, CT office, was the broker in…

National Association of Realtors Restructures Senior Management Team

January 16, 2018

CHICAGO—The National Association of Realtors has announced a new internal organizational structure and changes to its senior management team to more effectively and efficiently serve its 1.3 million Realtor members. "This reorganization reflects the promise I made when I was named CEO last August to create better efficiencies in engaging with and serving the association's…

SPOTLIGHT ON: Robert Shandley

January 12, 2018

Get the Picture: If you know Robert Shandley, you know he rarely travels anywhere without a camera in his hands. Shandley, a new HGAR Director for 2018, can be seen at almost every HGAR event, snapping photos of smiling faces throughout the Hudson Valley. From the Women’s Council of Realtors breakfasts, to RPAC happy hours…

Hudson Valley Home Sales Continue to Increase, But at Lower Rate

January 11, 2018

WHITE PLAINS—2017 proved to be another positive year for residential sales in the Hudson Valley following the remarkably strong sales of 2016. Participants in the Hudson Gateway Multiple Listing Service Inc., a subsidiary of the Hudson Gateway Association of Realtors, Inc., reported total residential sales of 18,854, which was a 4% increase in sales over…

Reps. Lowey, King Introduce Bill to Restore SALT Deductions

January 11, 2018

WASHINGTON—Two members of the New York State delegation in Congress have introduced bipartisan legislation to restore the state and local tax deduction that was capped at $10,000 as part of the federal tax reform plan passed late last month. U.S. Reps. Nita Lowey (D-NY-17/Rockland-Westchester) and Peter King (R-NY-2/Nassau-Suffolk) introduced the “SALT Deductibility Act” on Jan.…