NEW ROCHELLE—The unfortunate tale of the troubled College of New Rochelle has officially come to an end after 115 years. The storied College of New Rochelle campus was sold at auction for $32 million to the Trustees of The Masonic Hall & Asylum Fund. The United States Bankruptcy Court approved the sale in a hearing…
Read MoreWHITE PLAINS—A developer that is seeking to redevelop a vacant office building into a 450-unit rental apartment complex secured a preliminary inducement of $6.57 million in mortgage and sales tax exemptions from the Westchester County Industrial Development Agency. The Westchester IDA granted the incentive package to 3 WPD Apartments LLC, an affiliate of Marcus Partners…
Read MoreALBANY—New York Gov. Andrew M. Cuomo and New York Attorney General Letitia James announced that New York, Connecticut, Maryland and New Jersey have filed a notice of appeal to the U.S. Court of Appeals for the Second Circuit to continue litigation against the federal government for what they term as the unlawful and unprecedented cap…
Read MoreNEW YORK—In an informative, yet concise overview of the recently released ULI “Emerging Trends in Real Estate 2020” report, author Mitch Roschelle, partner with PwC, offered some heartening insights to attendees of the Global Real Estate Summit 2019 Conference and Expo as to why the US real estate market remains a favorite with foreign and…
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news
WHITE PLAINS—Development partners Saber Real Estate Advisors LLC, PCD Development LLC, and Circle Squared Alternative Investments broke ground on Dec. 4 on “The Duet,” luxury multi-family residential complex on Hale and Maple avenues in White Plains. The development, across from the Neiman Marcus entrance at The Westchester and adjacent to Whole Foods, will feature 127…
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legal-advocacy
As we all know, time waits for no one and as the clock continues to tick, the lives we lead are subject to change. This includes everyone who holds a real estate license. As time marches on, we all have to adjust, change and grow. Change in NAR Code of Ethics Training Requirement On Nov.…
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people
A.S.AP. Mortgage Corp. Founder and CEO Irene T. Amato has been selected by 914INC. Magazine as one of its 2019 “Women in Business” honorees. 914INC. honors the most successful and enterprising female executives, entrepreneurs, government and non-profit leaders in Westchester each year in the cover story of its winter issue. Amato joins an illustrious group…
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residential
WHITE PLAINS—Development partners Saber Real Estate Advisors LLC, PCD Development LLC, and Circle Squared Alternative Investments broke ground on Dec. 4 on “The Duet,” luxury multi-family residential complex on Hale and Maple avenues in White Plains. The development, across from the Neiman Marcus entrance at The Westchester and adjacent to Whole Foods, will feature 127…
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New York is facing a dire fiscal crunch over the next 2 to 3 years. The state faces a $6-billion to $8 billion deficit according to the governor’s budget office. The deficit is due, largely, to ballooning costs for Medicaid. The State Legislature and Gov. Andrew Cuomo will need to produce a balanced budget by…
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At the Annual HGAR Members Day last month I was surprised by two unexpected recognitions. The first was an acknowledgment that I have been with HGAR (and its various predecessor organizations) for 35 years. The second was to receive, along with HGAR’s COO and my very good friend Ann Garti, the President’s Award from this…
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technology
If you use social media as part of your overall marketing arsenal, do investigate what social media marketing/management software and services are available to you. Cumulatively, this is a deep and broad topic that includes options that can vary in cost and sophistication. If this topic interests you, an efficient way to get started is to…
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mortgage
ALBANY—New York Gov. Andrew M. Cuomo and New York Attorney General Letitia James announced that New York, Connecticut, Maryland and New Jersey have filed a notice of appeal to the U.S. Court of Appeals for the Second Circuit to continue litigation against the federal government for what they term as the unlawful and unprecedented cap…
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