Featured Articles

Atlas Air Extends HQ Lease in Purchase; To Spend $38 Million on Upgrades

September 2019

PURCHASE—Atlas Air Worldwide Holdings is staying in Westchester County and is in fact renewing and extending its headquarters lease long-term at 2000 Westchester Ave. here and investing nearly $38 million on office space upgrades and equipment. The company and New York State officials jointly announced that Atlas Air had signed a long-term lease renewal for…

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Pioneer Westchester Commercial RE Developer Robert Weinberg Dies

September 2019

NEW YORK—While visionary commercial and residential developer Robert Weinberg passed away at his home in Manhattan at the age of 90 on Sept. 3, his legacy in Westchester County and the surrounding suburbs will live on for generations to come. Weinberg will be best remembered for co-founding Robert Martin Company of Elmsford with partner Martin…

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Longtime State Senator William Larkin Dies at Age 91

September 2019

CORNWALL, NY—Longtime New York State Senator William Larkin, who served the people of Orange County, New York State and the nation for three quarters of a century in the military and political arenas, passed away at the age of 91 surrounded by his family at his home here on Aug. 31. The senator announced his…

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Yonkers Apartment Tower Trades for $48 Million

September 2019

YONKERS—The 311-unit Parkledge apartment tower here has been acquired by the Hudson Valley Property Group, LLC for $48.3 million. The transaction for the affordable rental apartment complex was reported by CBRE Affordable Housing and CBRE’s New York Institutional Group. Tim Flint, executive vice president of CBRE Affordable Housing, along with CBRE’s Jeff Dunne, Gene Pride…

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news

$100M Film Studio to Be Developed at iPark Complex in Yonkers

September 2019

YONKERS—In what city officials say is a “game changer” for Yonkers, Lionsgate, in partnership with Great Point Capital Management, announced plans on Sept. 5 to build a $100-million film and television studio here. Great Point Capital Management, a media-focused investment fund run by Robert Halmi and Fehmi Zeko, announced it had signed a letter of…

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legal-advocacy

LEGAL CORNER: My Lender Would Not Proceed with My Loan and I Just Lost My Down Payment!

September 2019

In a recent decision, Sanjana v. King (see https://bit.ly/2kDGf5K), the Appellate Division, First Department, affirmed the Supreme Court’s decision, (see https://bit.ly/2Mw924T) which held that a seller could retain the purchasers’ down payment of $110,000 as liquidated damages where the purchasers failed to timely cancel the contract of sale in accordance with its terms when the…

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people

Houlihan Lawrence Yonkers Welcomes Barbara-Ann Cesaro Benson & Jeffery Landsman

August 2019

Houlihan Lawrence recently welcomed Barbara-Ann Cesaro Benson and Jeffery Landsman to its Yonkers office. Benson has been licensed since 2002, serving the Bronx and Westchester County. She previously worked with BHG Rand and Century 21 Wolff as one of their top agents. Benson is a consistent award winner and two-time award winner of Realtor Associate…

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residential

Ratings Agency Says GSE Reform Could Take Years to Implement

September 2019

WASHINGTON—A host of housing and finance organizations have expressed support for the plans submitted by the Trump Administration, specifically the Treasury Department and the U.S. Department of Housing and Urban Development, earlier this month to reform the housing finance system and the Government-Sponsored Enterprises Fannie Mae and Freddie Mac. The Treasury Housing Reform Plan consists…

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Viewpoints

Ron Garafalo

PRESIDENT'S CORNER: It’s Time to Step Up for Our Industry

September 2019

Hello to all my friends at HGAR. As summer ends and fall begins, we start thinking about the beauty of the Hudson Valley. Tens of thousands will be visiting our area to view the beauty of the fall foliage, visit our farms and explore all that our region has to offer. We have many Realtor…

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Joshua Levin

GUEST VIEWPOINT: What You Need to Know About Westchester’s Cooperative Disclosure Law

September 2019

After a public hearing and discussion, on Dec. 14, 2018, Westchester County enacted the Cooperative Housing Corporation Disclosure Law. The provisions of the Disclosure Law went into effect on Dec. 14, 2018. The Disclosure Law can be found in Section 700.21-a of the Westchester County Fair Housing Law. Westchester County joins the following municipalities and…

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technology
mortgage

Real Estate In-Depth

Ratings Agency Says GSE Reform Could Take Years to Implement

September 2019

WASHINGTON—A host of housing and finance organizations have expressed support for the plans submitted by the Trump Administration, specifically the Treasury Department and the U.S. Department of Housing and Urban Development, earlier this month to reform the housing finance system and the Government-Sponsored Enterprises Fannie Mae and Freddie Mac. The Treasury Housing Reform Plan consists…

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