NEW YORK—RE/MAX reported on Oct. 14 that it is expanding its brand in the New York market by opening its first Manhattan office—RE/MAX 100 at 1412 Broadway in Times Square. The office was launched earlier this month by real estate professional Shovkat Mamedov who, along with her team, will bring RE/MAX’s world-class services to this…
Read MoreWHITE PLAINS—A solid third quarter for residential sales in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service, Inc. (HGMLS) appears to indicate that the housing market remains vibrant, experiencing modest, but sustainable gains. Single-family residential sales remained on solid footing with anywhere from a 1% gain in unit sales in…
Read MoreYONKERS—A $177.3-million waterfront project being developed by New York City-based Rose Associates on Alexander Street here has secured incentives from the Yonkers Industrial Development Agency. The project at 57 Alexander St. that will convert an industrial building into a multifamily complex secured the incentives at the Oct. 2 meeting of the Board of Directors of…
Read MoreNEW ROCHELLE—Developer Megalith Capital Management joined New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Commissioner of Development Luiz Aragon and other city officials for a ribbon-cutting ceremony on Oct. 4 to mark the grand opening of the firm’s The Printhouse project. The six-story, 71-unit luxury mixed-use Printhouse development is located at 165…
Read MoreNEW YORK—Westchester County Executive George Latimer and Bronx Borough President Ruben Diaz Jr. hosted the inaugural meeting of the Penn Station Access Bronx & Westchester Community Council at Mercy College’s Bronx Campus on Sept. 27th next to the planned site of a future new Metro-North Railroad Station. Janno Lieber, Chief Development Officer and President at…
Read MoreWASHINGTON—New consumer findings from a National Association of Realtors survey released on Sept. 23rd show that more than half of polled Americans believe that now is a good time to buy a home. Optimism fared well in the third quarter of 2019 as 63% of people said they believe that now is a good time…
Read MoreMAHOPAC—J. Philip Real Estate of Putnam County announced on Sept. 16 that the firm has raised the bar on its custom brand standards of agent training. Designed to reflect J. Philip’s unique productivity and client service approach, the enhanced training model is backed by talent and proven industry best practices, the brokerage firm reported. A…
Read MoreNEW YORK—Ellis Sotheby’s International Realty has teamed up with Edward Hopper House Museum & Study Center in Nyack to host its annual fundraiser at the Four Seasons Private Residences New York Downtown in New York City on Oct. 3 to benefit arts education in Hudson Valley public schools. The event, scheduled from 6:30 to 9…
Read MoreHAVERSTRAW—Ginsburg Development Companies was joined by town, village and Rockland County officials on Sept. 12 to celebrate the completion of construction of phase one of GDC’s latest luxury waterfront development—The Waterfront at Harbors. Located as part of GDC’s Harbors-at-Haverstraw condominium community on the Hudson River, The Waterfront at Harbors features single-level two- and three-bedroom condominium…
Read MoreRYE BROOK—Houlihan Lawrence announced on Sept. 16 that Liz Nunan has been promoted to President of the brokerage firm. Previously the company’s Chief Operating Officer, Nunan will now oversee all aspects of Houlihan Lawrence’s operations, including the company’s residential and commercial brokerage divisions, with 30 offices and 1,300 agents. Nunan’s promotion is accompanied by other…
Read MoreWASHINGTON—A host of housing and finance organizations have expressed support for the plans submitted by the Trump Administration, specifically the Treasury Department and the U.S. Department of Housing and Urban Development, earlier this month to reform the housing finance system and the Government-Sponsored Enterprises Fannie Mae and Freddie Mac. The Treasury Housing Reform Plan consists…
Read MoreAfter a public hearing and discussion, on Dec. 14, 2018, Westchester County enacted the Cooperative Housing Corporation Disclosure Law. The provisions of the Disclosure Law went into effect on Dec. 14, 2018. The Disclosure Law can be found in Section 700.21-a of the Westchester County Fair Housing Law. Westchester County joins the following municipalities and…
Read MoreNEW YORK—While visionary commercial and residential developer Robert Weinberg passed away at his home in Manhattan at the age of 90 on Sept. 3, his legacy in Westchester County and the surrounding suburbs will live on for generations to come. Weinberg will be best remembered for co-founding Robert Martin Company of Elmsford with partner Martin…
Read MoreWASHINGTON—Uncertainty over the direction of the U.S. economy has trumped very low mortgage interest rates, according to the National Association of Realtors. NAR recently reported that pending sales in the United States fell 2.5% in July. Pending sales in the Northeast fell less than 2% in July, as compared to a month earlier. Of the…
Read MoreYONKERS—The 311-unit Parkledge apartment tower here has been acquired by the Hudson Valley Property Group, LLC for $48.3 million. The transaction for the affordable rental apartment complex was reported by CBRE Affordable Housing and CBRE’s New York Institutional Group. Tim Flint, executive vice president of CBRE Affordable Housing, along with CBRE’s Jeff Dunne, Gene Pride…
Read MoreRYE—A little over a year after breaking ground on the project and just a few months after sales at the development were officially launched, buyer activity has been brisk at the St. Regis Residences, Rye. Construction continues on the 55-and-older development that will include 95 one-to-four bedroom luxury condominiums in five interconnected three-to-four story buildings…
Read MoreNEW YORK—Inaccurate data is the major driver of financial and time drains for residential real estate professionals, according to Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, Inc., and president of the New York MLS, LLC. That’s why the time has come for a unified Multiple Listing Service in New York, he noted.…
Read MoreTOWN OF POUGHKEEPSIE—A joint venture of Saber Real Estate North, LLC of Armonk and EnviroFinance Group, LLC of Emeryville, CA has broken ground on the $300-million redevelopment of the former Hudson River State Hospital campus here. The project, being built on 156 acres on Route 9, calls for a mixed-use development that will include rental…
Read MoreNEW YORK—Commercial real estate brokerage firm Marcus & Millichap recently released its latest report on the New York City multifamily market, which predicts strong demand will keep apartment vacancy in Manhattan below 2%. The report stated that New York City apartments continue to benefit from some of the strongest demand dynamics in the country. Job…
Read MoreNEW YORK—More than 125 commercial and residential real estate professionals heard a rather sobering outlook of what the recently enacted new rent control regulations enacted by the State Legislature and signed into law by Gov. Andrew Cuomo will have on the region’s real estate market. The morning session was held on Aug. 7 at the…
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