Residential

Suffern-Based Investment Firm Acquired Nearly 2,600 Multifamily Units in 2016

February 14, 2017

SUFFERN—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…

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Con Edison Creates Clean Energy Businesses

February 14, 2017

VALHALLA—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…

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The Residences at Tarryhill Apartment Complex Trades

February 14, 2017

WHITE PLAINS—The Residences at Tarryhill, an 87-unit rental apartment community at 100-600 Tarryhill Way here has changed hands for the first time since it was built in 1996. Harbor View Properties LLC, a newly formed partnership that includes Dale and Lynn Kaufteil of Harborview Properties of Larchmont and WRA Properties Inc.’s Frank T. Chiarello of…

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More Than 200 Properties Available At Orange County Foreclosure Auction

February 14, 2017

GOSHEN—Orange County Commissioner of Finance Karin Hablow and Director of Real Property John McCarey announced recently that Orange County will hold a tax foreclosure auction of more than 200 properties on Thursday, March 9. The public sale will begin at 10 a.m. at the county’s Emergency Services Center at 22 Wells Farm Road in Goshen.…

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A.S.A.P. Mortgage Opens Fourth Branch Office

February 11, 2017

  CROTON-ON-HUDSON—Rescheduled a day later due to the snowstorm, officials and staff with A.S.A.P. Mortgage Corp. opened its fourth Westchester County branch location on Friday, Feb. 10. A host of local and county officials were on hand for the festivities to commemorate the opening of the firm’s new location at 125 Grand St. in Croton-on-Hudson.…

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Ginsburg Firm Acquires Downtown White Plains Rental

February 8, 2017

WHITE PLAINS—In the residential development firm’s first entry into the Downtown White Plains market, Ginsburg Development Companies has purchased the 124-unit luxury rental apartment building at 25 Martine Ave. here. The 12-story building, currently known as Halstead White Plains, was purchased by GDC from DSF Group of Boston for $35.25 million. GDC plans to make…

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Reaction Mixed to PSC Decision on Suez NY Water Rate Hike

January 26, 2017

NEW CITY—Reaction has been mixed to the decision by the New York State Public Service Commission earlier this week to decrease the requested water rate hike request by Suez New York, Inc. by nearly $1 million over the next three years. Rockland County Executive Ed Day was highly critical of the PSC decision charging that…

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2016 U.S. Existing-Home Sales Best Since 2006

January 25, 2017

WASHINGTON— Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, finished 2016…

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Poll: NY First Home Proposal Overwhelmingly Supported by New Yorkers

January 25, 2017

ALBANY—According to results from a Homeownership Poll conducted by the Siena Research Institute, 84% of New York voters support the NY First Home proposal that would create a tax-free savings account to help New Yorkers save for a first home. Support for the program was bi-partisan and spread across the entire state. Specifically, the NY…

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Houlihan Lawrence Acquired by Warren Buffett’s Brokerage Firm

January 17, 2017

RYE BROOK—In a surprise move, Houlihan Lawrence whose roots in Westchester County date back to 1888, has been acquired by Warren Buffet’s Home Services of America, Inc. of Minneapolis, MN. Both parties in the transaction did not release financial terms of the deal that was announced on Tuesday, Jan. 17th. Nancy Seaman, chairman of Houlihan…

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Hudson Valley Posts Strongest Home Sales Since Recession

January 16, 2017

2016 ANNUAL AND FOURTH QUARTER REAL ESTATE SALES REPORT Westchester, Putnam, Rockland and Orange Counties, New York WHITE PLAINS—2016 posted the region’s best real estate sales results since the post-recession recovery period that commenced in 2011. Realtors participating in the four-county Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of…

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BH&G Rand Realty Made Christmas Brighter For Children Served by Catholic Charities

January 13, 2017

GOSHEN—Thanks to the generosity and creativity of the staff and agents at Better Homes & Gardens Rand Realty, this past Christmas was merrier this year for many families served by Catholic Charities Community Services of Orange and Sullivan. The members of the firm’s Goshen real estate office’s President’s Club selected Catholic Charities to be the…

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A.S.A.P. Mortgage Schedules Grand Opening Of Fourth Westchester County Location

January 13, 2017

CROTON-ON-HUDSON—A.S.A.P. Mortgage Corp. will be celebrating the opening of its fourth Westchester County branch location at 125 Grand St. here with an open house and ribbon cutting celebration on Thursday, February 9th at 11 a.m. “We are excited to be opening our fourth Westchester County branch office and expanding our team of seasoned mortgage professionals,”…

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Weichert Launches Development Company

January 13, 2017

MORRIS PLAINS, NJ—Jim Weichert, president, chairman and CEO of the Weichert Family of Companies, recently introduced Weichert Development Company, a full-service, privately held residential and commercial real estate investment and development business based out of the organization’s corporate headquarters in Morris Plains, NJ. As a full-service developer and investor, Weichert Development Company’s capabilities range from…

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New Rochelle Issues RFP to Redevelop Harrison Street Fire Station #1 Property

January 10, 2017

NEW ROCHELLE—The City of New Rochelle issued a Request for Proposal for the redevelopment of Fire Station #1 at 45 Harrison St. on Jan. 2. The city-owned property is not included in the portfolio of properties in the city’s far reaching Master Development Agreement with RDRXR, a partnership of Renaissance Downtowns and RXR Realty, according…

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Newburgh Seeks Broker to Market City-Owned Properties

January 5, 2017

NEWBURGH—The City of Newburgh has issued a Request for Qualifications for a real estate broker to help sell some city-owned properties. The city issued a Request for Qualifications on Dec. 23 for New York State licensed real estate brokers “to provide professional brokerage services for marketing, listing and selling select city-owned properties.” RFQ submittals are…

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Faranda, Rand Make Inman’s ‘Influencer’ List

January 4, 2017

NEW YORK CITY—Inman recently announced its “Real Estate Influencers of 2017” and several Hudson Valley-based real estate professionals made the prestigious list. Among the Influencer selections by the real estate industry media website included J. Philip Faranda, broker/owner of J. Philip Real Estate LLC, an independent real estate brokerage firm based in Briarcliff Manor and…

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