WASHINGTON—The National Association of Realtors is urging Realtors as well as consumers to the pending expiration of the National Flood Insurance Program on Sept. 30. NAR officials warn that a possible program expiration would harm consumers and threaten the health of the residential real estate market. While NAR is working closely with federal regulators and…
Read MoreYONKERS—While some major multifamily construction projects in Yonkers have already broken ground, the City Council and the Yonkers Industrial Development Agency have recently granted approvals for a host of new development ventures in the city. The Yonkers City Council voted on March 21 to rezone 705 Bronx River Road from commercial to residential use, which…
Read MoreHAVERSTRAW—Rockland County Executive Ed Day has a simple but stern warning to landlords who operate illegal apartment units: “We are coming to get you and when we find you it is not going to be a simple matter of a $250 fine. The fine is going to be significant.” As part of a multifaceted codes…
Read MoreWHITE PLAINS—Longtime residential development firm Ginsburg Development Companies of Valhalla recently unveiled its most recent addition to its multifamily portfolio—the newly renamed “The Metro” in Downtown White Plains. GDC Principal Martin Ginsburg took the wraps off his firm's 124-unit, 12-story asset at 25 Martine Ave. at an event held on March 20th. The firm acquired…
Read MoreLARCHMONT—Residential brokerage firm Houlihan Lawrence reported recently it was designated the exclusive sales and marketing agent for The Cambium condominium property. Sales for the residential development will now be led by agent Mary Gail Barry of Houlihan Lawrence. Developed by Byron Place Associates, LLC, The Cambium—located at 10 Byron Place—brings the luxury of Manhattan lifestyle…
Read MoreHARRISON—Stillman Property Management, a full-service property management company based in Harrison, announced it has been selected to provide management for new properties in Westchester and Fairfield counties. The Westchester County properties added to Stillman’s client roster include: 15 South Division St., a commercial and residential mixed-use building in New Rochelle; Stonecrest, an eight-story cooperative residential…
Read MoreWHITE PLAINS—Westchester County officials announced on March 9th that applications were being accepted for more that 30 new, fair and affordable homes in Westchester. The available properties are single-family homes and condominiums, ranging in size, from one to five bedrooms. All of the homes are in good condition and located in: Bedford, Buchanan, Cortlandt, Harrison,…
Read MoreWASHINGTON— An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases from Generation X households over the past year. That new finding is according to the National Association of Realtors 2017 Home Buyer and Seller Generational Trends study, which evaluates…
Read MoreTARRYTOWN—The suburbs surrounding New York City, including Westchester County, are now in the throes of a multifamily development boom as major investors flock to downtown districts in White Plains, New Rochelle, Yonkers and Mount Vernon to build transit-oriented communities. A panel of real estate investors at an event staged by The Business Council of Westchester…
Read MoreWHITE PLAINS—In the first of its kind outreach to the general membership, HGAR President Dorothy Botsoe has launched her “Tea with the President” program at HGAR’s White Plains, Goshen and West Nyack offices. HGAR President Botsoe, who was installed as 2017 HGAR President in January, developed the idea as a way to encourage more participation…
Read MoreWHITE PLAINS—Business advocacy organization The Business Council of Westchester recently announced its 2017 Business Hall of Fame inductees, including Better Homes and Gardens Rand Realty. Marsha Rand, who founded the real estate brokerage firm 30 years ago, will be accepting the Hall of Fame award for “Entrepreneurial Success.” BH&G Rand Realty is one of six…
Read MoreOSSINING—Three Westchester County real estate professionals are leading a citizens group called the “Ossining Committee for Fair Taxation” that is looking to have the Town of Ossining, which recently undertook a town-wide property reassessment, ensure that condominiums in the town are assessed at full value, the same as single-family residences and commercial properties. The trio…
Read MoreReal Estate In-Depth recently sat down with Mike Oates, managing partner of Bellefield Development Partners, to discuss the firm’s proposed $500-million Bellefield at Historic Hyde Park development, a mixed-use, multi-phased project that hopes to take advantage of and in turn enhance the Hudson Valley’s growing food and beverage industry. The development project is located on…
Read MoreWHITE PLAINS—While Westchester County Executive Robert Astorino has been hopeful that with the change in administration in Washington, DC, would perhaps foster better relations between the county, the U.S. Justice Department and the U.S. Department of Housing and Urban Development, initial indications reveal the relationship between at least some the parties remains frosty. Astorino has…
Read MoreMORRIS PLAINS, NJ—Weichert Real Estate Affiliates, Inc. continued to expand its national franchise footprint with the addition of 53 new offices in 2016. The addition of new offices last year increases the Weichert franchise presence to 340 affiliate offices in 39 states. The continued growth of the nationally recognized real estate brand was driven largely…
Read MoreSUGAR LOAF—Longtime Orange County residential brokerage firm Linda Ross Realty has relocated from Chester to 62 Wood Road in Sugar Loaf. "The Village of Sugar Loaf is loaded with charm, history, and opportunity. Its central location and close proximity to some of the Hudson Valley's most beautiful properties make it an ideal spot for us…
Read MoreWHITE PLAINS– Cushman & Wakefield announced recently that the firm was exclusively selected to market a package of 22 condominium units within Gateway Condominiums at 257 Central Ave. in White Plains. The asking price is listed at $8.95 million. The condominium units, totaling approximately 27,751 square feet, are free market two-bedroom, two-bathrooms with high-end luxury…
Read MoreRYE BROOK—Ian K. Katz Group, an exclusive buyers agency launched in 2014, has announced that it has extended its footprint to Westchester County with office space in Rye Brook. The firm, which also has an office in Manhattan, is now better positioned to serve homebuyers searching for new residences in towns such as Rye, Rye…
Read MoreSUFFERN—Eight major acquisitions, strong performances across the existing portfolio and continued corporate expansion highlighted a record-setting year for Castle Lanterra Properties (CLP) in 2016, the company reported on Feb. 2. The Suffern-based, privately-owned real estate company acquired multifamily residential properties totaling 2,594 units at a combined purchase price of $382 million. The year also marked…
Read MoreVALHALLA—Consolidated Edison, Inc. has created a new holding company, Con Edison Clean Energy Businesses, Inc., that brings together its three existing corporations active in America’s competitive energy marketplace: Con Edison Solutions, Con Edison Development and Con Edison Energy. Mark Noyes serves as CEO and president of the three clean energy businesses, which are all co-located…
Read More