News: Brokerage

Better Homes and Gardens Rand acquires Lucille Ritacco Real Estate

Better Homes and Gardens Rand Realty has acquired Lucille Ritacco Real Estate. The acquisition brings 38 licensed real estate professionals to Better Homes and Gardens Rand Realty. Lucille Ritacco, who established Lucille Ritacco Real Estate in 1974 and serves as its broker/owner, will join the company as an associate broker. "I am especially excited to be joining forces with Lucille and her team," said Greg Rand, managing partner with Better Homes and Gardens Rand Realty. "They are exactly the kind of professionals who can take our technology and innovative marketing and bring it to the marketplace with their enormous local credibility and goodwill. It's the best of both worlds." As part of the transaction, the Lucille Ritacco Real Estate office at 1315 North Ave. will become a Better Homes and Gardens Rand Realty office. The acquisition brings to eight the number of Rand offices in Westchester, and 24 overall in the Greater Hudson Valley. "The Rands are on the cutting edge in the real estate industry and I am really looking forward to working with them to benefit the community," said Ritacco. "With 36 years of real-estate experience in the New Rochelle area, I feel I can help Rand become an even greater force in the southern Westchester real estate market." Better Homes and Gardens Real Estate - Rand Realty, founded in 1984, is one of the top real estate brokerages in the Greater Hudson Valley with 23 offices serving Westchester, Rockland, Orange, Putnam, Dutchess, Ulster and Sullivan counties. Rand has more than 800 sales associates, as well as a commercial real estate company (Rand Commercial Services), mortgage company (Rand Mortgage), title company (Hudson Abstract Services) and insurance agency (The Hudson Group Insurance Agency). The company's websites are: www.randrealty.com, www.randcommercial.com, www.randmortgage.com and www.hudsonabstract.com.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,