Residential

Hundreds Attend First DEI Summit Co-Sponsored by HGAR

June 21, 2022

MAHWAH, NJ—The sold-out inaugural Diversity, Equity, and Inclusion (DEI) Summit attracted hundreds of Realtors from across the New York metro region and provided valuable insight into the need for Realtor associations and their members to implement programs and policies that embrace DEI and promote Fair Housing. The two-day DEI Summit was held at the Sheraton…

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Panel Takes Deep Dive into NY Real Estate, Social Media and Channeling into Gen Z

June 17, 2022

NEW YORK—They’re smart, tech-savvy and in the market for housing, and they’re using social media to see what’s trending and who’s selling. Generation Z—defined as the 72 million people born between 1997 and 2012—are not your typical buyers and that presents challenges and opportunities for Realtors and agents. Real estate experts explored Gen Z’s patterns…

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Fannie Mae, Freddie Mac Release Equitable Housing Finance Plans to Address Racial Homeownership Gap

June 9, 2022

WASHINGTON—The Federal Housing Finance Agency released Fannie Mae's and Freddie Mac's Equitable Housing Finance Plans for 2022-2024 that the agency said are designed to complement initiatives that promote the Enterprises' safety and soundness and foster housing finance markets. The plans, which were released on June 8, are intended to provide equitable access to affordable and…

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GUEST VIEWPOINT: Going Toe-to-Toe with Irresponsible Landlords

June 8, 2022

My administration’s brand-new Office of Buildings and Codes (OBC) has been working tirelessly following the official takeover of the Building Department in the Village of Spring Valley on Feb. 14, 2022, a directive from the New York State Department of State following years of code enforcement issues. Since assuming control, the Rockland County Office of…

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Gov. Hochul Signs Bill to Make Hotel Conversions to Housing Easier

June 7, 2022

NEW YORK—On June 7, New York Gov. Kathy Hochul signed legislation (S.4937C/A.6262B) to create more flexible rules for converting underutilized hotel space into permanent housing. Gov. Hochul signed the bills with New York State Senator Brian Kavanagh, New York City Mayor Eric Adams, and housing and labor advocates at an event held at 633 Third…

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Matt Rand, CEO of Howard Hanna | Rand Realty Named to Mid-Hudson Regional Council Board

June 7, 2022

NANUET—Matt Rand, CEO and President of Howard Hanna | Rand Realty, has been recently appointed to the Board of Directors of the Mid-Hudson Regional Economic Development Council. Rand becomes the first real estate professional to sit on Mid-Hudson Regional Economic Development Council (MHREDC) Board. MHREDC is the strategic economic advisory board representing the seven counties…

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NYC Mayor Adams Outlines Vision for ‘City of Yes’ Plan

June 2, 2022

First Economic Hub to Be Established in the Bronx NEW YORK – New York City Mayor Eric Adams laid out a plan to use the city’s zoning tools to support small businesses, create affordable housing and promote sustainability—part of his vision for New York to become a more inclusive, equitable “City of Yes.” The plan,…

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HUD Awards $796 Million to Improve, Preserve Public Housing In New York

May 31, 2022

NEW YORK—The U.S. Department of Housing and Urban Development announced on May 27 it had awarded approximately $796 million in funding to 71 public housing authorities (PHAs) in New York to make capital investments in their public housing properties. This funding is part of $3.2 billion in Fiscal Year 2022 Capital Fund Program awards to…

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Northeast Pending Home Sales Fell More Than 16% in April

May 26, 2022

WASHINGTON—Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported today. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index…

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OneKey® MLS Leaders Join Thousands of RE Professionals At The Real Deal New York City Showcase and Forum

May 26, 2022

NEW YORK CITY—The leadership of OneKey® MLS, the premier regional multiple listing service for New York, joined thousands of real estate colleagues on May 19 for The Real Deal’s New York City Showcase and Forum at The Metropolitan Pavilion in Manhattan. The day-long event attracted approximately 2,500 attendees from commercial and residential real estate, development,…

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ERA Insite Realty Helps Franchise Celebrate 50-Year Milestone

May 19, 2022

WHITE PLAINS—ERA Insite Realty Services, a Top 50 ERA company headquartered in White Plains, is joining in the celebration of the franchise’s 50 years of global residential real estate franchising. The kickoff began at the franchise’s annual international business conference, FUEL 2022, held in Nashville, TN in March, which was attended by several of ERA…

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Yonkers IDA Votes Preliminary Approval For $50M Mixed-Use Residential Building

May 19, 2022

YONKERS—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…

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NYC Developer Seeks Approvals to Redevelop Former Doral Arrowwood Property

May 19, 2022

RYE BROOK—Manhattan-based Cohen Brothers Realty Corporation announced on May 12 it will submit a proposal for what it termed will be a “dramatic redevelopment” of the shuttered Doral Arrowwood Hotel and Conference Center. The plan calls for the construction of a wellness-focused luxury boutique hotel and spa destination featuring multiple restaurants, celebrity-chef dining, extensive indoor…

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Coldwell Banker Village Green Realty Expands To Putnam County with Fowkes Realty Purchase

May 17, 2022

CARMEL—Coldwell Banker Village Green Realty has acquired Coldwell Banker Fowkes Realty in Carmel. Thirteen new agents come under the CBVGR banner, with more than 40 years of expertise in Putnam, Westchester and southern Dutchess counties and northwestern Connecticut, company officials stated. “I am thrilled that Leonore Garvey and the team at Coldwell Banker Fowkes Realty…

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HGAR Signs MOU With Ukraine Realtors Association

May 17, 2022

WHITE PLAINS — HGAR leadership and members of the HGAR Global Business Council welcomed, Olena Haidamakha, Board of Director of the Ukrainian Realtors Association, to the HGAR headquarters in White Plains on May 9 for a meeting and signing of a Memorandum of Understanding between the two associations. Haidamakha traveled to New York State following…

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New York Developer Breaks Ground on $585 Million Project on Yonkers Waterfront

May 17, 2022

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…

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