Monthly Archives: August 2014

How One Israeli Firm Thinks Architecture Can Make Peace | Pound Ridge Real Estate

 

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When Israel began building a wall along the West Bank in 2003—called the “separation fence” by some, the “Apartheid wall” by others—Yehuda Greenfield-Gilat and Karen Lee Bar-Sinai were about to graduate from architecture school at Technion, the Israel Institute of Technology. As aspiring architects studying and living “in the shadow of a territorial conflict,” as Greenfield-Gilat says, they were shocked to see that architects were involved in only the most superficial conversations about the aesthetics of the wall—there were no bigger-picture architectural discussions about how the wall would change its surroundings. “It was insulting that architects were not considered by themselves as people who have something to say about the most significant spatial fact that [was] being built in Israel,” Greenfield-Gilat says now.

Bar-Sinai and Greenfield-Gilat, now 36 and 37, believed architecture and architects had a place in the conversation about conflict resolution. For their Technion thesis project, they designed a transportation hub that, after a final Israeli-Palestinian agreement, could serve as both a border and a functional structure within Jerusalem, strengthening the city rather than fragmenting it. The project raised all kinds of big questions, as Greenfield-Gilat recalls: “How can we use architectural tools and insights in order to enhance…territorial peace agreements? How do you create a border within a city that does not really destroy the city?” And so, in 2006, they formed SAYA, a firm focused on “resolution planning,” or the idea that design and architecture can be tools for peace. The firm’s name is short for “Studio Aya,” in memory of Greenfield-Gilat and Bar-Sinai’s friend and fellow architect Aya Shapira.

Many of the firm’s current projects are thought-driven, paid for by think tanks, universities, or international agencies and governments. Most often, the architects come up with ideas based on needs they see in the world and pitch them to relevant organizations, though sometimes it’s the other way around. It’s prebuilding rather than rebuilding. The idea, as Bar-Sinai explained in a talk at Harvard’s Graduate School of Design last year, is to “be in the prime minister’s head,” to get policymakers to think, as much as possible, like architects.

 

 

 

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http://curbed.com/archives/2014/01/09/how-one-israeli-firm-thinks-architecture-can-make-peace.php

Three-in-One Waterfront Glass House Wants $3.75M | Bedford Corners Real Estate

 

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Location: Henry Island, Wash.
Price: $3,750,000
The Skinny: The little glass house, it seems, will always be with us, but this contemporary home on Washington State’s Henry Island adds a unique wrinkle to the basic four-glass-walls template to set itself apart. Instead of designing one small glass house (or one gigantic windowed box) the architects here divided up the 2.700 square feet of living space into three separate modules, connected in the rear by a long, low-slung breezeway. The three bedrooms are spread out across the modules, with the largest of the glass compartments containing the living areas and kitchen. All of the rooms look out onto Nelson Bay and have sliding glass walls and doors to allow for—Pacific Northwest weather permitting—indoor/outdoor living. The 24-acre property comes with a private mooring buoy and docking rights, and is located just a short sail away from Roche Harbor. It’s asking $3.75M

 

 

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http://curbed.com/archives/2014/08/13/three-waterfront-glass-houses-in-one-want-375m.php

Foreclosures rise in July, but still down from 2013 | Chappaqua Real Estate

 

Foreclosures of all types were filed on 109,434 properties in July, an increase of 2% from June, but the figure is still down 16% from one year ago, according to July’s Foreclosure Market Report from RealtyTrac.

July’s report shows that one out of every 1,203 homes in the U.S. had a foreclosure filing during the month of July.

Foreclosure activity recorded includes all default notices, scheduled auctions and bank repossessions.

“July was the 46th consecutive month where U.S. foreclosure activity was down on a year-over-year basis,” said Daren Blomquist, vice president at RealtyTrac. “After nearly four years of falling foreclosures, we are starting to see evidence that foreclosure numbers are normalizing at the national level. The 16% decrease in July was exactly half the annual decrease we saw a year ago in July 2013, when U.S. foreclosure activity was down 32% on a year-over-year basis.”

Per RealtyTrac’s report, a total of 49,624 U.S. properties started the foreclosure process for the first time in July, which represents a 5% increase from June. But the figure is still down 18% from a year ago, which marks the 24th consecutive month with a year-over-year decrease in U.S. foreclosure starts.

 

 

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Foreclosures rise in July, but still down from 2013

Once again, real estate opens up its coffers for Cuomo | Armonk Real Estate

 

Top New York real estate players continue to funnel their considerable financial resources to Governor Andrew Cuomo’s re-election campaign, a review of the latest state campaign finance filings show.

Leading the pack by a comfortable distance was Leonard Litwin’s Glenwood Management, which gave $169,200 between July 12 and August 4, according to campaign finance records. In total, Glenwood, which has a rental apartment empire on the Upper East Side and is a vehement opponent of the under-construction East 91st Street waste transfer station, has given the governor over $1 million since 2011.

Retail real estate mogul Richard Baker of NRDC Equity Partners gave Cuomo $50,000 between July 12 and August 4. NRDC, through subsidiaries, owns both Lord & Taylor and Saks Fifth Avenue.

Entities associated with the Fisher Brothers — which was recently hit with subpoenas by the now-defunct Moreland Commission over 421-a tax abatements that were carved out by Cuomo for the firm — gave at least $40,000. BFC Partners, which is developing the $580 million Empire Outlets mall project on Staten Island, gave $25,000. East Coast Plumbing LLC, which shares a Paramus, NJ-address with a Vornado Realty Trust-controlled entity, also gave $25,000, as did entities associated with Ron Moelis’ L&M Development.

Brokers who opened their wallets for Cuomo in this period include Cushman & Wakefield’s Bruce Mosler, who gave $10,000, and Newmark Grubb Knight Frank’s Brian Waterman and Michael Ippolito, who each contributed $5,000.

Overall, Cuomo raked in just under $1.1 million in this filing period.

The Fisher Brothers and Mosler made their donations on July 24, the New York Observer noted, just a day after a New York Times investigation revealed that Cuomo may have interfered with an anti-corruption panel that was looking into his ties to the real estate industry.

In the first half of the year, Cuomo’s four top donors all came from the industry, as TRD reported.

– See more at: http://therealdeal.com/blog/2014/08/13/once-again-real-estate-opens-up-its-coffers-for-cuomo/#sthash.3Rmx3MRj.dpuf

Do you have a bat in your house? | Mt Kisco Real Estate

 

Do you have a bat in your house? What to do if you are bitten? visit http://health.westchestergov.com/rabies to learn what you should do.

The Westchester County Department of Health (WCDOH) recently distributed notice that the month of August is the peak month for bat activity. Thus the likelihood of human or pet exposures to bats increases.

If you have a bat in your home the DOH recommends capturing the bat and making notification to the DOH for a decision regarding testing. WCDOH can be contacted 24 x 7 at 914 813 5000.

DOH advises a bat killed by trauma will rapidly decompose in warm weather, making it untestable so immediate refrigeration or preferably
freezing is required. Place bat in freezer in a sealed plastic bag or small plastic container.

What to do if you are bitten?

If you are bitten, scratched or have some other exposure immediately wash the area with warm soapy water and call your doctor or hospital. Call the Westchester County Health Department at (914) 813-5000 24 hours a day seven days a week for assistance.

Source –

1) WCDOH memorandum dated August 8, 2014 – Titled Rabies Update – Bats

2) WCDOH website – http://health.westchestergov.com/rabies

For full details, view this message on the web.

Teatown Lake Reservation | North Salem Real Estate

 

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August 13, 2014
PROGRAMS THIS WEEK:
Advanced Registration is required for all programs. Unless noted, all programs meet in the Nature Center and are $7 per person or FREE for members. Please register by calling (914) 762-2912 ext. 110.
Honey Bee

Busy as a Bee: National Honey Bee Day
Saturday, August 16
10 – 11:30 am

Catch the buzz about honey bees in this program to learn about all the services they provide and bring awareness about the plight of the bee. All Welcome.

Visit Teatown

1600 Spring Valley Road
Ossining, NY 10562
Teatown Lake Reservation’s
mission is to inspire our community to lifelong environmental stewardship.
Nature Center hours:
9 am – 5 pm daily
Trails are open 365 days a year from dawn to dusk.
Click here for Teatown membership benefits, details,
and to purchase or renew
your membership online.

Your donation can make

an immediate impact and help

support our environmental education programs and the stewardship of our 1,000 acre preserve.

Shop on Amazon?

Click the link below and a portion of your Amazon purchase will be donated to Teatown!

Click here.

Upcoming Events and Workshops:
Ferret Frolic!
Saturday, August 23
1-2:30 pm

Let’s share play time with Teatown’s domestic weasels – our ferrets! Watch how they use their bodies and senses to frolic and communicate, and learn how their wild cousins like otters and minks do the same thing. All Welcome. Space is limited to 10 participants.

Nature’s Recyclers
Sunday, August 24
11 am – 12 pm

How does recycling get accomplished in nature? Meet some animal recyclers and find out how things get broken down the natural way. All Welcome.

In the Nature Center Gallery:

Nature Center Gallery Richard Pileggi

Quiet Landscapes

Photography

By Richard Pileggi

On exhibit

July 5 – August 30

Click here for more info

Announcing the publication of:

Teatown’s Wildflower Island

by Lisa Fleck Dondiego

A privately printed, 80-page photo book with an Index identifying the flowers.

Foreword by Leah Waybright Kennell, Curator of Wildflower Island.

This wonderful book is available for

purchase in Teatown’s nature store for $45 plus tax.

Teatown Highlight:
Wildflower Island Summer Tours
Be inspired by Teatown’s natural beauty – Don’t miss Wildflower Island’s final blooms of the season.
Weekend tours
Saturdays: 10am & 1pm
Sundays: 1pm
Private tours for groups of eight or more can be arranged.
 
Pre-registration is required for all tours. $6 per person or $4 per member.
To register, please call 914-762-2912 ext. 110.
 

NYC residential construction jumps 50% | Mt Kisco Real Estate

 

Residential construction in the city is expected to rise 50% this year, most of the apartments created will be for the wealthy.Photo: Katrina Samuelson

Spending on residential construction is poised to hit a new record high this year of $10.2 billion, up 50% from 2013, according to a report released Wednesday by the New York Building Congress. Last year’s total was $6.8 billion. The bad news is the steep run up in spending will actually yield fewer units—20,000—than the 30,000 per annum pace that was hit several times in the last real estate cycle. The difference is that this year there will be far more money spent on luxury properties designed for wealthy residents or investors.

“While the luxury residential market is booming in Manhattan and in parts of Brooklyn and Queens, we have our work cut out for us in terms of achieving Mayor [Bill] de Blasio’s plan to create or preserve 200,000 units of affordable housing over the next decade,” Richard Anderson, president of the congress, said in a statement.

While a rise in construction costs also contributed to the decline in the number of new residential units built compared to the last boom, New York City is also trailing behind most other growing cities in terms of the percent change in total housing units between 2000 and 2012, according to a policy brief recently released by the Citizens Budget Commission. In fact, with a gain of under 10% in that 12-year span, the Big Apple came in 19th out of 22 large cities in the country.

But regardless, the current boom in residential construction has created thousands of new construction industry jobs and increased economic activity and tax revenues, Mr. Anderson noted. In fact, the Building Congress report predicts that the residential sector will single-handedly lift total construction spending across all sectors by 10% this year over last year’s level.

 

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http://www.crainsnewyork.com/article/20140813/REAL_ESTATE/140819962/nyc-residential-construction-jumps-50#

Home Price Growth Slowdown a Mixed Trend for Economy | Waccabuc Real Estate

 

Home-price appreciation is slowing, a welcome trend for potential buyers but a troubling one for homeowners still looking for relief from underwater mortgages.

Single-family housing prices rose 4.4% in the year that ended in the second quarter, the slowest annual pace since 2012, according to a report released Tuesday by National Association of Realtors.

The association found that median prices for existing single-family homes grew year-over-year in 122 of 173 metropolitan areas it tracked, while prices declined in 47 metro areas. Only 19 areas showed double-digit year-over-year price increases, a substantial drop from the 37 cities that showed such increases in the first quarter.

Economists said price appreciation is slowing in part because buyers, including investors, have become more cautious and are pulling back from the market amid the big price gains of the past year. At the same time, those higher prices persuaded more homeowners to put their homes up for sale, adding inventory and reducing the urgency to buy.

Those trends are good news for potential buyers, who have had to deal with heated competition for a relatively small number of homes on the market in many cities as well as a near percentage-point increase in 30-year mortgage rates since May 2013.

However, the trends serve as a warning to some owners who bought their homes near the peak of the market and still owe more on their mortgages than their homes are worth, said NAR chief economist Lawrence Yun. A report from real-estate research firm,

read more….

http://online.wsj.com/articles/home-price-growth-slowdown-a-mixed-trend-for-economy-1407861595

Mortgage rates tick up slightly | South Salem Real Estate

 

Borrowers seeking a mortgage through Zillow’s Mortgage Marketplace saw a slight increase in the interest rates they were quoted from last week to this week.

Current rate borrowers were quoted a fixed 30-year rate of 4.08% this week, up from 4.03% last week.

“Mortgage rates were subdued last week as ongoing geopolitical concerns and economic softness in Europe encouraged investors to buy U.S. mortgage-backed securities as a safe haven,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect international headlines, rather than U.S. economic data, to drive any meaningful changes to mortgage rates.”

In Zillow’s weekly look at interest rates, the 30-year rate peaked at 4.17% last Thursday before trending back down to its current level. During the remaining period, the interest rate was mostly between 4.1% and 4.15%.

Additionally, the 15-year fixed mortgage rate as of Tuesday was 3.12%, and for 5/1 adjustable rate mortgages, the rate was 2.77%.

Zillow also posted a prediction for Wednesday’s announcement of the mortgage application data from the Mortgage Bankers Association. “Zillow predicts tomorrow’s seasonally adjusted MBA application index will show purchase loan activity to decrease by 2% from the week prior,” the company posted on its blog.

 

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Zillow: Mortgage rates tick up slightly

 

21 years to save for the down payment on a house? | Cross River Homes

 

Guardian reporter Jessica Glenza and her boyfriend are buying a house and decided to go with a Federal Housing Authority loan. Glenza explains (in a satirical way that catches your eye), how she can finally afford a home and why some might think this is a bad thing.

It was over a plate of linguine and cream sauce that I learned I could afford a home. The government-run program allows buyers to put down as little as 3.5% of the property’s sales price.

What I found out is that the Federal Housing Authority finances about one in five homes in the US, a huge proportion. FHA financing works by allowing people to finance part of the traditional 20% down payment.

Previously, Glenza assumed she would be forced to save for 10 to 15 years in order to pull together a 20% down payment.

However, as she learned about this new program, she also realized the opposition to it. This is where people like Norbert Michael from the Heritage Foundation, who would rather do away with Fannie, Freddie and the FHA, come in.

 

 

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21 years to save for the down payment on a house?