Real estate in brief

TRD New York /
Aug.August 28, 2009 03:19 PM

Connecticut home sales rise for first time in two years

Single-family home sales in Connecticut rose 4 percent in July, marking the first time monthly sales year-over-year have increased since 2007, according to a report the Warren Group released yesterday. While the median price of a home dropped 11.7 percent since last July, Warren Group CEO Timothy Warren said the uptick in the number of homes sold is a marked improvement. “This is a significant pick-up for the housing market in Connecticut, where sales have slumped for months. The last time there was even a slight increase in monthly sales year-over-year was July 2007,” Warren said.

DOB inspectors to be tracked with GPS

The New York City Department of Buildings will begin tracking its
inspectors using global-positioning system software, according to a
press release the department sent out today. In the release, DOB
commissioner Robert LiMandri said that the GPS will keep
tabs on inspectors’ day-to-day progress. “This new GPS-tracking system
is a simple, innovative way to ensure inspectors reach their assigned
locations and are held accountable for their important work,” LiMandri
said in the release. The DOB estimates that it will be able to
completely install the software by the end of September. The program
will track all 379 inspectors in the department, including
construction, elevator and electrical monitors.

Franzese Group relocates office, launches commercial division

Residential real estate agency the Franzese Group, a branch of Weichert Realtors, is relocating its Brooklyn office to 1524 86th Street in Brooklyn’s Dyker Heights neighborhood, from its current location down the street at 1707 86th Street. In a press release sent today, the Franzese Group said that it’s relocating in response to its rapidly burgeoning clientele. According to the release, broker ranks have quadrupled since the firm became a Weichert franchise. The office also plans to expand its services, launching a commercial division headed by Vincent Blandino.


Related Articles

arrow_forward_ios
(iStock, NYC.gov)

NYC buildings are getting energy efficiency grades

NYC buildings are getting energy efficiency grades
Melanie La Rocca (iStock)

City moves to speed opening of new and renovated properties

City moves to speed opening of new and renovated properties
348 Court Street (Photo by Justin Heiman/Getty Images)

Collapses raise questions about safety-law exemption

Collapses raise questions about safety-law exemption
136 East 36 Street and 211 East 34th Street (CitizenApp)

Midtown scaffolding collapse kills one, hours after building crumbles nearby

Midtown scaffolding collapse kills one, hours after building crumbles nearby
1323 Boston Road, Jeff Fox (Credit: Google Maps)

Foxy Management plans another Bronx senior housing project

Foxy Management plans another Bronx senior housing project
An aerial of 700 Atlantic Avenue with Greenland USA CEO Hu Gang (Credit: Google Maps; Gang via CGCC)

Greenland plans 41-story resi tower at Pacific Park

Greenland plans 41-story resi tower at Pacific Park
DOB Commissioner Melanie E. La Rocca (Credit: iStock)

City tweaks affordable housing construction rules to comply with state guidelines

City tweaks affordable housing construction rules to comply with state guidelines
Governor Andrew Cuomo (Credit: Cuomo by  (Photos by John Lamparski/NurPhoto; Newsday RM via Getty Images)

State allows more construction, but raises questions on housing

State allows more construction, but raises questions on housing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...