Westchester/Fairfield January 2018 Issue

Masters of New Rochelle

RXR’s CEO Scott Rechler takes TRD behind the scenes on the firm’s winning bid to redevelop 10 million square feet downtown

The redevelopment of New Rochelle is a success story in the making for Westchester County. Three years ago, New Rochelle’s City Council selected RXR Realty, along with Renaissance Downtowns, as… [more]

Is Westchester’s starter home shortage here to stay?

Limited inventory in the under $1 million range continues to mean fast sales and bidding wars as buyers expand into the upper reaches of the county

If New York City has become too pricey, putting the idea of city living out of reach, first-time buyers these days… [more]

Connecticut’s gold standard

Even with sales soft at the top of the market, megamansions on the Gold Coast still command a pretty penny

Manicured lawns, historic architecture and luxury amenities, not to mention sweeping views, are the hallmarks of what’s come to be known as the Gold Coast of Connecticut’s Fairfield County. And… [more]

Getting in on the ground floor

With New Rochelle’s master plan now in motion, brokers are looking to entice retailers back downtown — with the help of millennials, of course

When Luiz Aragon, commissioner for development for the City of New Rochelle, looks around him, he’s excited… [more]

Fairfield’s retail wars
draw new blood

Amid falling rents and growing inventory, a new mix of tenants is hitting upscale shopping strips

As the retail reckoning continues, Fairfield County’s luxury shopping corridors are pitted against each other in an ever-intensifying battle to win tenants. Greenwich’s… [more]

More tightening of the purse strings on rental projects

Despite continued demand in Westchester and Fairfield, traditional lenders are worried the market is getting oversaturated

Multifamily projects have been on the rise across Westchester and Fairfield counties for a while, so much so that sometimes… [more]

The multifamily wave continues to crest in Westchester

The number of units added in the county peaked in 2016, but 2017 wasn’t far behind, according to an analysis by The Real Deal

This decade has been good for multifamily development. From Port Chester… [more]

Winning in Westchester: The Real Deal ranks the county’s top luxury brokers

Navigating new trends and developing client relationships keeps the referrals coming in a down market

Westchester’s luxury real estate market, like other regions in the area, softened… [more]

Agents adapt to the age of Instagram

How Westchester’s top brokers are embracing — or eschewing — social media

As homebuyers become more reliant on the internet to help their searches — sometimes racing through an actual house showing because they’ve already seen photos online — brokerages are ramping… [more]

The controversial new face of HUD in New York

TRD sat down with Lynne Patton, former vice president at the Eric Trump Foundation, to chat about her role

By nature, the Department of Housing and Urban Development’s regional administrator in New York and New Jersey is a … [more]

Can new industry give Stamford’s office market the boost it needs?

The city is finally seeing some new tenants, but it may not be enough to salvage the suffering central business district

The clouds may be lifting — a bit —from the office market in Fairfield County. … [more]

The industrial revolution

Rezonings and land scarcity are among the factors contributing to the heated sector in the suburbs

The industrial market has never been the sexiest of sectors, but as demand across the country has heated up the past couple of years, the industry’s interest has been piqued…. [more]

Moving beyond
the business traveler

With occupancy down or flat, hotels in Fairfield and Westchester are courting sports fans and film crews to fill rooms

From film crews to sports fans, hotels in Westchester and Fairfield counties are looking to increase demand by… [more]

Westchester’s equestrian
arms race

“The wives of these finance guys are all trying to outdo each other,” said one industry insider speaking about the increasingly elaborate horse farms in demand in the county

With hundreds of miles of riding… [more]

Editor’s note:
A master plan unfolds

Downtown New Rochelle will never be the same. And that’s a good thing, as far as the city — and developer RXR Realty — is concerned. Three years ago, the… [more]