Residential

Schumer, Cuomo Urge NY Delegation to Oppose State, Local Tax Deduction Repeal

October 24, 2017

BETHLEHEM, NY—U.S. Senator Charles Schumer and New York Gov. Andrew Cuomo were joined by New York Realtors in urging the state Congressional delegation to oppose the elimination of state and local property tax deductions as part of the Republican-led tax reform campaign in Washington, D.C. At a press conference held on Oct. 23 at a…

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New York City Council Approves Bronx Point Mixed-Use Project

October 18, 2017

NEW YORK—The New York City Council approved the massive Bronx Point project along the Harlem River waterfront in the South Bronx on Oct. 17th that will be led by a Larchmont-based developer, which will bring approximately 1,000 new housing units to the area as well as a new school and hip-hop museum. City officials announced…

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Rockland County Investment Firm Proposes $175M Project to Revitalize Downtown Spring Valley

October 18, 2017

SPRING VALLEY—Rockland County-based investment firm Concord Capital NY reported on Oct. 16th that it is seeking approvals to build a $175-million transit oriented development in Downtown Spring Valley. The project, which the firm states will be modeled after successful redevelopment initiatives in Downtown Yonkers, New Rochelle and in TOD-oriented locations on Long Island, calls for…

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Spotlight On: Irene Guanill-Seeing Beyond the Mess

October 11, 2017

Irene Guanill describes herself as “a girl from the South Bronx,” who grew up learning how to turn lemons into lemonade. “My mom was always very strong and she taught us to be strong,” she said. “Failure was not an option—you could either sink or swim, and I chose to swim.” Today, the mother of…

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Hudson Valley Home Sales, Prices Remain Strong; Inventory Continues to Fall

October 11, 2017

WHITE PLAINS—Real estate sales continued at a brisk pace in the lower Hudson Valley region, albeit at a slightly slower pace as the year has progressed, according to the “Third Quarter Residential Real Estate Report for Westchester, Putnam, Rockland and Orange Counties, New York” released by the Hudson Gateway Multiple Listing Service, Inc. With the…

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NAR Survey: Home Buyers and Sellers Gaining Confidence

September 27, 2017

WASHINGTON —Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances. NAR’s…

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Hudson Gateway Realtor Foundation Presents $1,000 Donation to Gilda’s Club Westchester

September 25, 2017

WHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors recently presented a check for $1,000 to Gilda’s Club Westchester. Created in fulfillment of actress Gilda Radner’s dream, Gilda’s Club offers a welcoming community of free support for everyone living with cancer—men, women, teens and children—along with their families…

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Century 21 Full Service Relocates To New Location in New City

September 25, 2017

NEW CITY—Century 21 Full Service Realty reported recently it has relocated its brokerage operations to larger space at 53 South Main St. in New City. According to Vesna Kanacki, Broker of Record, the move was necessary to provide a superior business environment for present and future associates and its staff. She said the new office…

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NAR Study Says Student Debt Significantly Delays Millennial Homeownership

September 20, 2017

WASHINGTON—Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying, according to a recently released study on student loan debt and…

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Century 21 Haviland of Pleasantville Merges with ERA Insite Realty

September 20, 2017

PLEASANTVILLE—ERA Insite Realty Services, with offices in White Plains, Bronxville and Mount Pleasant, announced a merger deal on Sept. 18th with Century 21 Haviland in Pleasantville. The merger was announced by Louis and Debra Budetti, founders and owners of ERA Insite Realty Services, which is headquartered in White Plains. The merger comes on the heels…

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GDC Breaks Ground on Peekskill Gateway Townhomes Project

September 20, 2017

PEEKSKILL—Ginsburg Development Companies Principal Martin Ginsburg joined with Peekskill Mayor Frank Catalina and other state, county and city officials and dignitaries on September 14 for a groundbreaking ceremony to mark the start of construction of Gateway Townhomes here. Located at 700 Main St., at the gateway to the city from Route 9, Gateway Townhomes will…

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NAR Testifies in Favor of Tax Reform Done Right

September 15, 2017

WASHINGTON—Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy. That’s the message the National Association of Realtors brought to Congress on Sept. 14th as Iona Harrison, chair of NAR’s Federal Taxation Committee, testified before the Senate Finance Committee.…

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Ginsburg Development Unveils New Lobby At City Trust Tower in Downtown Bridgeport

September 15, 2017

BRIDGEPORT, CT —Ginsburg Development Companies of Hawthorne, NY recently unveiled a new lobby and announced new building amenities for its City Trust Tower Apartments property located at 955 Main St. in Downtown Bridgeport, CT. In addition to the new art deco-inspired lobby, the 12-story 117-unit rental apartment building, located across from McLevy Green, will soon…

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David Rockefeller Estate on Market for $22 Million

September 13, 2017

POCANTICO HILLS—The lavish Hudson Pines estate of billionaire philanthropist and banker David Rockefeller is on the market for sale for $22 million. The former chairman and CEO of Chase Manhattan Bank passed away at the age of 101 in March of this year. Since his passing, Rockefeller’s estate began to sell off his various real…

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HomeServices of America Acquires Long & Foster

September 12, 2017

MINNEAPOLIS—HomeServices of America, Inc., a Berkshire Hathaway affiliate, reported on Sept. 6th it acquired The Long & Foster Companies, Inc., the largest private residential real estate company in the United States by sales volume. The acquisition includes Long & Foster’s family of companies, including Long & Foster Real Estate and its market-leading affiliated business lines…

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Residential Buyer Demand Remains High in Orange County

September 12, 2017

As September begins and we look back at the summer of 2017, I do hope that all of you had a wonderful summer filled with good times. It was definitely a summer that generated significant real estate activity. The theme that started last year continued into this year where the market featured a significantly lower…

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