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Real Estate
Stamford Apartment Building Sells For $78 Million Stamford Apartment Building Sells For $78 Million
Stamford Apartment Building Sells For $78 Million Element One, a 183-unit multifamily property at 111 Morgan St. in Stamford, has sold for $78 million according to this report by Westfair.  CBRE Global Investors represented the seller, a joint venture between Fuller Development and Spinnaker Real Estate Partners, and the buyer, Friedkin Realty Group, in the transaction. Built in 2017, Element One’s units offer quartz countertops, stainless steel appliances, five-burner stoves, oversized windows, tile backsplashes and soft-closing cabinets, along with breathtaking views of Plum Island. The development’s amenities include multiple resident l…

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by Jon Craig
Real Estate
Developers Propose New 225-Room Hotel Adjacent To I-95 Developers Propose New 225-Room Hotel Adjacent To I-95
Developers Propose New 225-Room Hotel Adjacent To I-95 With New Rochelle’s downtown revitalization continuing as part of the “the most ambitious redevelopment in city history,” a new hotel may be heading to Cedar Street. Developers have proposed a new hotel downtown on Cedar Street - with a design similar to that of the High Line, according to New Rochelle Mayor Noam Bramson - which would sit adjacent to I-95 at the site of the former Don Conqui and Got Soul restaurants. The proposal includes 225 rooms, along with dining and other amenities for residents and visitors to utilize. It would be “in an ultra-modern tower rising above a rehabbed hist…

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by Zak Failla
Real Estate
Area Real Estate Developer Charged In Investment Scheme Area Real Estate Developer Charged In Investment Scheme
Area Real Estate Developer Charged In Investment Scheme A real estate developer is facing up to two decades behind bars for operating an alleged years-long Ponzi scheme that included properties in the Hudson Valley. Michael D’Alessio, 52, has been charged with committing wire fraud in connection to his elaborate scheme to defraud investors in luxury real estate developments in Manhattan, the Hamptons, Westchester and elsewhere. D'Alessio is the former president and CEO of real estate development firm Michael Paul Enterprises in White Plains. A career real estate developer and contractor, D’Alessio was the CEO of an investment and development fi…

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by Zak Failla
Real Estate
Looking To Refinance A Home? Laurel Road Explains What You Need To Know Looking To Refinance A Home? Laurel Road Explains What You Need To Know
Looking To Refinance A Home? Laurel Road Explains What You Need To Know For homeowners who have built equity in their current property and are seeking additional money for renovations, upgrades or other life events, refinancing a mortgage through a cash-out refinance offers the chance to access additional funds without the need for a traditional loan. In these loans, a new mortgage is financed for an amount larger than the current total, with the difference being paid in cash to the homeowner. Several benefits of a cash-out refinance include low interest rates, flexibility to use the money at the homeowner's discretion and a variety of tax advantages. However, …

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Content Partner: Laurel Road
Real Estate
Greenwich Estate Once Owned By Tommy Hilfiger Selling For Nearly $7 Million Greenwich Estate Once Owned By Tommy Hilfiger Selling For Nearly $7 Million
Greenwich Estate Once Owned By Tommy Hilfiger Selling For Nearly $7 Million The mansion once owned by designer Tommy Hilfiger that doubled as a set for reality television shows is selling for $6.75 million. The Greenwich property became familiar to television viewers as the location for the 2003 MTV series “Rich Girls” starring Hilfiger’s daughter, Ally, and for the designer’s 2005 CBS fashion competition show “The Cut.” According to this listing on Zillow, the property nicknamed "Appleyard" is an iconic compound that offers unparalleled resort style living. The timeless colonial sits on 4.6 level acres enclosed by bucolic stone walls. A gated entry opens…

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by Jon Craig
Real Estate
Area Office Building Listed At $17.5M Area Office Building Listed At $17.5M
Area Office Building Listed At $17.5M A centrally located Westchester property with nearly 100,000 square feet of office space is up for sale for $17.5 million. The business property at 465 Columbus Ave. in Valhalla is more than 92 percent occupied with some high-profile public and private tenants -- including medical companies and state agencies. The offices were built in 1986 and extensively renovated in 2016.  More details about the property can be found by clicking here: 

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by Jon Craig
Real Estate
Luxury Real Estate Market Remains Stable In Darien Luxury Real Estate Market Remains Stable In Darien
Luxury Real Estate Market Remains Stable In Darien The sale of luxury homes in Greenwich soared during the sdonc quarter of this year. Greenwich posted an 18 percent gain in luxury sales of homes valued at $3 million and higher through June 30, according to a report released on Wednesday, July 11 by Houlihan Lawrence, The median sale price rose 3.3 percent compared to the first six months of 2017, bringing Greenwich's median price to $4.25 million. Real estate news was not as good for wealthier sections of New Canaan -- where sales of luxury homes priced at $2 million or higher dropped by 33 percent in the second quarter of 2018 compared …

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by Jon Craig
Real Estate
Sold! Two Platinum Mile Buildings Go For $14.75M Sold! Two Platinum Mile Buildings Go For $14.75M
Sold! Two Platinum Mile Buildings Go For $14.75M A commercial landlord has expanded his influence along Westchester's "Platinum Mile" with a $14.75 million purchase. Robert Weisz, founder and CEO of RPW Group of Rye Brook, said his company bought two Class A office buildings at 925-1025 Westchester Ave. on the border of West Harrison and White Plains. The purchase of the 192,711-square-foot property was announced by CBRE, a commercial real estate company that brokered the deal along with Ten-X.  The complex, formerly owned by Normandy Real Estate Partners, sits on 11.7 acres near the I-287/Hutchinson River Parkway interchange. …

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by Daily Voice
Real Estate
Royal Bank Of Scotland Puts Downtown Stamford Building Up For Sale Royal Bank Of Scotland Puts Downtown Stamford Building Up For Sale
Royal Bank Of Scotland Puts Downtown Stamford Building Up For Sale Having laid off about 750 workers from its American headquarters in Stamford, the Royal Bank of Scotland (RBS) has put its building at 600 Washington Blvd. up for sale. The company hopes to continue operating in the building through a lease-back arrangement. The bank expects to conclude the sale later this year. An asking price was not announced. The building was appraised last year for nearly $151 million. The sale is not expected to directly affect about 500 employees who remain in Stamford and focus on RBS’ NatWest Markets corporate and institutional banking services. “As we have reduce…

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by Daily Voice
Real Estate
Chappaqua Crossing Apartments Officially Open Chappaqua Crossing Apartments Officially Open
Chappaqua Crossing Apartments Officially Open New York State Homes and Community Renewal and Wilder Balter Partners announced the completion of a $21 million affordable housing development in the Chappaqua section of the Town of New Castle.  The Chappaqua Crossing development renovated the historic Reader’s Digest headquarters building to create 64 mixed-income apartments. Developed by Wilder Balter, the sprawling campus will include a variety of retail and commercial spaces and is near the Chappaqua Metro-North train station and Saw Mill River Parkway. During a Thursday June 7 ribbon-cutting ceremony, RuthAnne Visnauskas, commissioner…

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by Jon Craig
Real Estate
New Canaan To Start Trial Ban On House For Sale Signs New Canaan To Start Trial Ban On House For Sale Signs
New Canaan To Start Trial Ban On House For Sale Signs If you start noticing there are no homes for sale in New Canaan, it's not true. Starting July 1, realtor associations have agreed to a six-month trial ban on the signs, which they believe can reduce a neighborhood's beauty and appeal. Nowadays, more prospective buyers begin their home searches online or use real estate agents, they argue. New Canaan’s "For Sale" signs will disappear next month from hundreds of properties on the market, after a decision from the organizing bodies for real estate professionals. The trial ban on real estate signs will run from July 1 to Jan. 1, acco…

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by Jon Craig
Real Estate
Ex-Giants Coach Lists Smart House For $2.9M Ex-Giants Coach Lists Smart House For $2.9M
Ex-Giants Coach Lists Smart House For $2.9M Former New York Giants head coach Ben McAdoo has listed his Bergen County home. The 7,500-square-foot Franklin Lakes home was listed at $2.9 million on Zillow this weekend, two years after McAdoo and his wife, Toni, purchased it in May 2016 (after his promotion to head coach on the team). McAdoo was fired the following year after the team started the season 2-10. The house has five bedrooms, six bathrooms and sits on just more than two acres of land. It is described on Zillow as being a private modern-day estate with everything controlled by smart technology from your phone. Features inclu…

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by Cecilia Levine