Residential

Rockland County Launches Office of Buildings and Codes

February 15, 2022

NEW CITY—On Feb. 14, Rockland County Executive Ed Day and newly appointed Director Ed Markunas provided an update on the launch of the new County Office of Buildings and Codes, which began operations that day. The new county department assumed full control over the functions of the Village of Spring Valley Building Department per a…

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Corcoran Legends Realty Expands into Bronxville

February 14, 2022

BRONXVILLE NY- Corcoran Legends Realty has expanded its presence further into Southern Westchester with the acquisition of the Sales Division of Barhite & Holzinger of Bronxville located at 71 Pondfield Road here. The Bronxville office will be the fourth location for the boutique real estate brokerage firm, which affiliated with The Corcoran Group in September…

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Westchester County IDA Approves Incentives For Two Multi-Family Projects in White Plains

February 9, 2022

WHITE PLAINS—The Westchester County Industrial Development Agency recently voted to grant preliminary and final approvals of financial incentives for the construction of two multi-family residential developments in Downtown White Plains that represent a total private investment of $131 million. At its Jan. 27th meeting, the IDA Board voted preliminary approval of financial incentives for 51…

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HGAR CEO Richard Haggerty Named RISMedia 2022 Real Estate Newsmaker

February 9, 2022

NEW YORK—Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, Inc. and President and Chief Strategic Growth Officer of OneKey MLS, has been selected as a RISMedia 2022 Real Estate Newsmaker. The annual recognition, now in its fifth year, showcases key influencers making headlines for their contributions to the real estate industry and their…

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Record-High Prices, Low Inventory Make It Increasingly Difficult for Black Americans to Achieve Home Ownership

February 7, 2022

WASHINGTON—The surging residential real estate market of the last two years led to record-high home prices and record-low inventory. This simultaneous "double trouble" has made it increasingly difficult for consumers, particularly Black Americans, to achieve homeownership, according to a new analysis released on Feb. 7 by the National Association of Realtors and Realtor.com. “The Double…

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Westchester Commercial Market Ends 2021 On Generally Positive Note in Most Sectors

February 2, 2022

RYE BROOK—The Westchester County commercial market ended 2021 on a generally positive note with robust growth in multifamily developments as well as a strong performance by the industrial/flex market while retail fundamentals continued to improve and the investment market showed modest gains. However, entering 2022, the office market struggles to gain traction, according to the…

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William Pitt – Julia B. Fee Sotheby’s Int. Realty Names New Co-Presidents

February 2, 2022

STAMFORD, CT— William Pitt - Julia B. Fee Sotheby’s International Realty, a residential real estate firm serving Connecticut, Westchester County, and the Berkshires, MA, announced on Feb. 1 that two of the firm’s leadership team veterans—Carolyn Fugere and Vincent Socci—will assume new senior roles serving under Chairman, Chief Executive Officer and co-owner Paul Breunich. Fugere…

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Howard Hanna | Rand Realty Expands into Fairfield County, CT Market

February 1, 2022

NANUET—Howard Hanna | Rand Realty announced on Feb. 1 its expansion into the Fairfield County, CT market with the recent acquisition of the Madison and Post Real Estate Agency. The transaction will expand the footprint of Howard Hanna | Rand Realty with three new locations in Ridgefield, Stamford and Westport, CT. “Fairfield County is one…

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GUEST VIEWPOINT: Celebrating Black History Month

February 1, 2022

After New Year celebrations wind down, organizations begin their annual discussions on what and how to celebrate Black History Month. Many begin by recognizing the lives and contributions of Black Americans throughout history, while others post messages of recognition on social media. I believe it all has a role to play but it is also…

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Westhab Closes on Construction Financing For Affordable Housing Project in Yonkers

January 28, 2022

YONKERS—Westhab, a Yonkers-based provider of affordable housing and social services, wrapped up 2021 by closing on construction financing for the Hudson Hill affordable housing project in Yonkers and a shelter renovation project in the borough of Queens. Hudson Hill in Yonkers is a 113-unit ground-up affordable housing development incorporating state-of-the-art green technologies. The Briarwood Rapid…

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Former NYC Councilwoman Appointed HUD Regional Administrator for NY, NJ

January 26, 2022

WASHINGTON—President Biden announced on Jan. 25 the appointment of Alicka Ampry-Samuel to serve as HUD Regional Administrator for Region II, serving New York and New Jersey. Regional Administrator Ampry-Samuel will oversee HUD operations, including the New York City Regional Office and field offices in Buffalo, Albany, and Newark, NJ. “Regional Administrator Ampry-Samuel comes to HUD…

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Yonkers IDA Provided Incentives for Projects Valued at More Than $508M in Private Investment

January 26, 2022

YONKERS—The Yonkers Industrial Development Agency reports that it provided financial incentives in 2021 to residential and commercial projects representing a total private investment of more than $508 million. The developments are projected to create 1,009 new residential units and more than 1,739 construction jobs. Since 2019, the Yonkers IDA has provided financial incentives to development…

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Elmsford-Based Developer Selected for Mount Pleasant IDA Project

January 25, 2022

MOUNT PLEASANT—Trinity Associates of Elmsford has been selected by the Mount Pleasant Industrial Development Agency to build a transit-oriented development project on a long-vacant parcel in the hamlet of Hawthorne. The Mount Pleasant IDA announced on Jan. 24 it had approved its chair to enter negotiations to sell the property located at 408 Elwood Ave…

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Annual U.S. Existing-Home Sales Hit Highest Mark Since 2006

January 20, 2022

WASHINGTON—Existing-home sales declined in December, snapping a streak of three straight months of gains, according to the National Association of Realtors. Each of the four major U.S. regions witnessed sales fall in December from both a month-over-month and a year-over-year basis. Despite the drop, overall sales for 2021 increased 8.5%. Total existing-home sales involving completed…

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Realtors Expect Continued Strong Housing Market in 2022

January 20, 2022

WHITE PLAINS—After residential sales volume in the Hudson Gateway Association of Realtors’ market area reached historically high levels in 2021, brokers expect continued strong sales activity this year, although not at the feverish pace the industry enjoyed in the midst of the COVID-19 pandemic. To say there are headwinds facing Realtors and consumers in 2022…

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State Awards $991 Million in Funding for Affordable Housing Projects

January 14, 2022

ALBANY—New York Gov. Kathy Hochul announced on Jan. 13 a total of $991 million in bonds and subsidies awarded to create or preserve 3,242 affordable, sustainable, and supportive homes across the state. The funding awards include $680 million in financing for six projects in the New York City and Mid-Hudson regions. The developments will leverage…

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Houlihan Lawrence Expands Operations to New Haven, CT

January 11, 2022

RYE BROOK—In what the brokerage firm describes as “a significant expansion move,” Houlihan Lawrence reported on Jan. 10 that it is growing its presence in the State of Connecticut. The Rye Brook-based company announced that New Haven, CT-based brokerage firm Wareck D’Ostilio is joining Houlihan Lawrence as an independently owned affiliate. Wareck D’Ostilio’s 75 agents…

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