WHITE PLAINS—Second quarter home sales figures in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service Inc. appear to be following a patten of deja vu in terms of price appreciation and constricting inventory. In most areas of the region the median sales price for a single-family residential home increased by…
Read MoreWASHINGTON—The U.S. Department of Housing and Urban Development announced on July 2 it charged developer Toll Brothers Real Estate, Inc., as well as a construction company and architect with housing discrimination for failing to design and construct a condominium development in the Long Island City area of Queens in compliance with accessibility requirements of the…
Read MoreNEW YORK—Better Homes and Gardens Rand Realty has increased its footprint in the Bronx, the Nanuet-headquartered brokerage firm reports. Better Homes and Gardens Rand Realty has merged with Exit Realty Search of the Bronx. With the merger, the firm, brings more than 60 agents to the Rand Realty network. The brokerage firm also reported recently…
Read MoreCo-op fair housing legislation is critical to ensuring affordable and available housing to everyone including those designated as a protected class under federal, state and local fair housing law. HGAR was successful in lobbying to have a law passed in Rockland County that requires a 45-day time period in which a board must accept or…
Read MoreWASHINGTON — U.S. existing-home sales fell for the second straight month in May, as only the Northeast region saw an uptick in activity, according to a report released on Wednesday by the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4% to a…
Read MoreWHITE PLAINS— The Westchester County Board of Legislators earlier this month approved the purchase of land that will result in the creation of 56 new units of affordable housing for seniors in White Plains. The long-delayed project—Mount Hope Plaza at 65 Lake Street in White Plains—will create affordable housing units for seniors 62 years and…
Read MoreWHITE PLAINS—Three major property sales were reported by area commercial brokerage firms recently that involved multifamily and retail properties in Westchester County and a more than 123-acre site in East Fishkill formerly owned by IBM. Marcus & Millichap recently announced the sale of a three-property, 104-unit multifamily portfolio in White Plains. The portfolio sold for…
Read MoreNANUET—Following the retirement of Teresa O’Shaughnessy, Better Homes and Gardens Rand Realty has selected Sharon Tucker as the new manager for its office in Pearl River. “This past year with Rand Realty has been one of the most-memorable of my career,” said Tucker. “I’ve learned so much in my time here thus far, and I’m…
Read MoreLAGRANGEVILLE, —Berkshire Hathaway HomeServices Hudson Valley Properties, announced on May 31 the acquisition of Westwood Metes & Bounds Realty Ltd., a long-tenured real estate brokerage serving Ulster County. Hudson Valley Properties adds nearly 60 agents and five offices through the transaction. The offices are located in Kingston, New Paltz, Stone Ridge, West Hurley and Woodstock.…
Read MoreEASTCHESTER— A Savvy Affair, an event-planning firm that specializes in charity events, hosted approximately 400 guests at Mulino's At Lake Isle in Eastchester on May 17th. The event featured a "freestyle music theme," including performances by Freestyle entertainers TKA and Cynthia. Among the attendees included many guests from the real estate industry. The program marked…
Read MoreWHITE PLAINS—Two veteran residential brokers and “Rising Stars”—Chirag Shah and Jason Wilson—have ventured out on their own and formed a new boutique brokerage firm here called “LifeNY.” The two Realtors, who both have been heavily engaged in the Hudson Gateway Association of Realtors, say their new firm will have “a laser focus on client services…
Read MoreWHITE PLAINS—Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 22 condominium units within the Gateway Condominiums property at 257 Central Ave. in White Plains. The asking price for the bulk package of condominium units is $7.95 million. A team led by Vice Chairman Thomas A. Donovan, along with…
Read MoreSCARSDALE– Portico Realty Group recently announced that Emi Cacace has been appointed vice president of the World Council of Brokers by the International Real Estate Federation (FIABCI). As a member of the FIABCI, Cacace is equipped with the necessary training and experience to work successfully in international real estate and client relocation. Cacace, who is…
Read MoreWASHINGTON— After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased…
Read MoreRYE—A host of state, county and local dignitaries were on hand for the official groundbreaking of the St. Regis Residences Rye here earlier this month. The project, being developed by Harrison-based Alfred Weissman Real Estate, will include 95 luxury condominium residences ranging from one- to four-bedroom units located within five three- to four-story buildings constructed…
Read MoreWASHINGTON—A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 Realtors Legislative Meetings & Trade Expo held here earlier this…
Read MoreALBANY—New York Gov. Andrew Cuomo announced on Monday that New York will be joining a lawsuit against the federal government’s alleged failure to enforce the Fair Housing Act. The lawsuit seeks to force the U.S. Department of Housing and Urban Development to enforce a rule requiring local and state governments to address segregated housing patterns…
Read MoreWASHINGTON—Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors released on May 14. The national median existing single-family home price in the first quarter was $245,500, which was up…
Read MoreWEST HARRISON—The Fordham Real Estate Institute and The Business Council of Westchester are co-sponsoring a forum entitled “Real Estate’s Next Revolution – From The Amazon Effect to Cannabis Legalization.” The breakfast panel will take place on Wednesday, May 30 from 8:00 a.m. to 10:00 a.m. at the university’s West Harrison campus at 400 Westchester Ave. The…
Read MoreNEW YORK—Prudential Kafcos Realty announced recently it joined the Century 21 system and will now do business as Century 21 Kafcos Realty. The company, headquartered at 3060 East Tremont Ave., will continue to provide real estate services to buyers, sellers and renters in the Bronx and Westchester counties. “Century 21 Kafcos Realty exemplifies the strength…
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