Residential

Anthony Domathoti of EXIT Realty Premium Installed as 2022 HGAR President

March 2, 2022

NEW YORK—The Hudson Gateway Association of Realtors inaugurated Anthony Domathoti, Broker/Owner of EXIT Realty Premium in the Bronx, as its 2022 President at its Installation Gala on March 1. HGAR also installed its 2022 executive officers and directors at the gala held at the historic 583 Park Ave. landmark building at 63rd Street in Manhattan.…

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New Rochelle Tower Project Secures $294 Million Construction Financing Deal

March 1, 2022

NEW ROCHELLE—BRP Companies, the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs), New York State Homes and Community Renewal, Westchester County, Interfaith Dwellings Corporation, Merchants Bank of Indiana, Wells Fargo, and Fannie Mae announced on Feb. 28 the closing of $294 million in construction financing for the 477-unit, mixed-use development located at 500…

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In Memoriam: Nick Beilenson Founder Westchester Residential Opportunities

February 24, 2022

A tireless civil rights and housing rights activist, Nick Beilenson passed away on Feb. 22 at the age of 85 due to complications from COVID-19. The White Plains resident founded Westchester Residential Opportunities in 1968 at the height of the civil rights movement. He served as WRO’s first executive director and served on the board…

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U.S. Homeownership Rate Experiences Largest Annual Increase on Record

February 23, 2022

WASHINGTON—The U.S. homeownership rate climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record. More Americans are likely to own a home now than during any year following the Great Recession (65.4% homeownership rate in 2010); however, Black Americans continue to face significant obstacles along the path to homeownership,…

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GUEST VIEWPOINT: County Executive’s Corner: ‘Office of Buildings and Codes’

February 23, 2022

My administration and Rockland County government achieved the impossible; in only three months, Rockland launched a brand-new County Office of Buildings and Codes. I want everyone to know that this has been an incredibly difficult, detailed, and time-consuming process to create an entirely new office within county government. It was only 90 days ago that…

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Experts Bullish on Continued Manhattan, NYC Metro Housing Recovery

February 23, 2022

WHITE PLAINS—A panel of real estate executives agreed that the exodus from Manhattan due to COVID-19 is over and that the recovery in the Manhattan luxury housing market has gained momentum that will continue this year. In addition, the recovery, fueled by a roaring stock market, low interest rates and rapidly declining COVID infection rates,…

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U.S. Existing-Home Sales Surged 6.7% in January

February 22, 2022

Inventory at All-Time Low WASHINGTON—Existing-home sales rose in January, making a notable move upward following a previous month where sales declined, according to the National Association of Realtors. On a month-over-month basis, each of the four major U.S. regions experienced an increase in sales in January. However, year-over-year, activity was mixed as two regions reported…

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HG Realtor Foundation Kicks Off 2022 With Volunteer Event and Pub Night

February 18, 2022

WHITE PLAINS—The Hudson Gateway Realtor Foundation started off 2022 with two February events—a volunteer opportunity with the Community Center of Northern Westchester in Katonah, and a Pub Night at Tapped Craft Beer & Restaurant in Middletown. A group of 10 Realtor volunteers recently spent their morning stocking shelves at the Community Center’s Food Pantry and…

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Howard Hanna | Rand Realty Expands Presence in Garden State

February 17, 2022

NANUET—Howard Hanna | Rand Realty announced on Feb. 16 the firm had expanded its presence in the State of New Jersey with the purchase of Striker Realty, which operates out of offices in Linden, Livingston, and Rahway, NJ. Striker Realty was founded 20 years ago by Thomas J. Borowski, a renowned real estate broker entrepreneur…

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Rockland County Launches Office of Buildings and Codes

February 15, 2022

NEW CITY—On Feb. 14, Rockland County Executive Ed Day and newly appointed Director Ed Markunas provided an update on the launch of the new County Office of Buildings and Codes, which began operations that day. The new county department assumed full control over the functions of the Village of Spring Valley Building Department per a…

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Corcoran Legends Realty Expands into Bronxville

February 14, 2022

BRONXVILLE NY- Corcoran Legends Realty has expanded its presence further into Southern Westchester with the acquisition of the Sales Division of Barhite & Holzinger of Bronxville located at 71 Pondfield Road here. The Bronxville office will be the fourth location for the boutique real estate brokerage firm, which affiliated with The Corcoran Group in September…

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Westchester County IDA Approves Incentives For Two Multi-Family Projects in White Plains

February 9, 2022

WHITE PLAINS—The Westchester County Industrial Development Agency recently voted to grant preliminary and final approvals of financial incentives for the construction of two multi-family residential developments in Downtown White Plains that represent a total private investment of $131 million. At its Jan. 27th meeting, the IDA Board voted preliminary approval of financial incentives for 51…

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HGAR CEO Richard Haggerty Named RISMedia 2022 Real Estate Newsmaker

February 9, 2022

NEW YORK—Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, Inc. and President and Chief Strategic Growth Officer of OneKey MLS, has been selected as a RISMedia 2022 Real Estate Newsmaker. The annual recognition, now in its fifth year, showcases key influencers making headlines for their contributions to the real estate industry and their…

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Record-High Prices, Low Inventory Make It Increasingly Difficult for Black Americans to Achieve Home Ownership

February 7, 2022

WASHINGTON—The surging residential real estate market of the last two years led to record-high home prices and record-low inventory. This simultaneous "double trouble" has made it increasingly difficult for consumers, particularly Black Americans, to achieve homeownership, according to a new analysis released on Feb. 7 by the National Association of Realtors and Realtor.com. “The Double…

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Westchester Commercial Market Ends 2021 On Generally Positive Note in Most Sectors

February 2, 2022

RYE BROOK—The Westchester County commercial market ended 2021 on a generally positive note with robust growth in multifamily developments as well as a strong performance by the industrial/flex market while retail fundamentals continued to improve and the investment market showed modest gains. However, entering 2022, the office market struggles to gain traction, according to the…

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William Pitt – Julia B. Fee Sotheby’s Int. Realty Names New Co-Presidents

February 2, 2022

STAMFORD, CT— William Pitt - Julia B. Fee Sotheby’s International Realty, a residential real estate firm serving Connecticut, Westchester County, and the Berkshires, MA, announced on Feb. 1 that two of the firm’s leadership team veterans—Carolyn Fugere and Vincent Socci—will assume new senior roles serving under Chairman, Chief Executive Officer and co-owner Paul Breunich. Fugere…

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Howard Hanna | Rand Realty Expands into Fairfield County, CT Market

February 1, 2022

NANUET—Howard Hanna | Rand Realty announced on Feb. 1 its expansion into the Fairfield County, CT market with the recent acquisition of the Madison and Post Real Estate Agency. The transaction will expand the footprint of Howard Hanna | Rand Realty with three new locations in Ridgefield, Stamford and Westport, CT. “Fairfield County is one…

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