TR US TE D J O U R NALI S M AT YO U R FI N G E RTI P S
SEPTEMBER 7, 2020 VOL. 56, No. 36
westfaironline.com
Leonard Steinberg and one of the listings his team represents.
INSIDE
The suburbs are back COMPASS’ CHIEF EVANGELIST LEONARD STEINBERG SEES NEW LIFE AND CROSS-POLLINATION IN REGION
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BY PETER KATZ pkatz@westfairinc.com
TWB Decision BACKLoan TO BUSINESS Banner Ad 6” w x 1.5” h 3-24-20 PAGE
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UNITED HOSPITAL
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his has been a moment of the great unlocking of multiple markets,” declared Leonard Steinberg of the real estate firm Compass. “You see people now being able to move to
Manhattan for lower pricing. There definitely has been an adjustment of pricing in several classifications in New York, some more than others. There’s been a demand for single-family homes and there’s cross-pollination between territories,” Steinberg told the Business Journal. “Real estate is hyper-
localized and what happens in Scarsdale is completely different from that which happens in San Francisco. What happens in Chicago is completely different from what happens in Chelsea and even in Manhattan from neighborhood to neighborhood it’s different. “From price point » SUBURBS
YOUR COMMUNITY LENDER… HERE TO HELP (914) 368-9919
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GOOGLE’S GEOTHERMAL SPINOFF SETS SIGHTS ON FAIRFIELD COUNTY BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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eothermal heating and cooling is coming to Fairfield County, with its first installation anticipated by Halloween, according to Dandelion Energy, which bills itself as “the country’s fastest-growing residential geothermal company.” “The first and most important reason for expanding to Connecticut was DEEP (the Department of Energy and Environmental Protection) increasing the incentives for heat pump installations,” said Michael Sachse, president
of the New York company. “That really changed the economics for us and we think for consumers in the state as well.” DEEP originally offered rebates of $500 to $1,500 via the Connecticut Energy Efficiency Fund for qualifying geothermal systems, but that number can now go as high as $7,500 for larger systems. A Dandelion geothermal system typically costs $18,000 to $25,000 for the installation of a 3- to 5-ton heat pump system; the sum includes all installation costs after state and federal incentives are applied, Sachse said. The company fur» GOOGLE
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