Featured Articles

Hudson Valley Seeing Strong Sales Activity Throughout Region

August 2016

As reported in HGAR’s 2016 second quarter residential real estate sales report, the Hudson Valley continues to experience increased sales volume. This long awaited market condition has produced a five-year high of second quarter sales reaching an overall 23% increase in closings over the same period in 2015. Putnam County, at 32%, had the largest…

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GATEWAY PERSPECTIVES: A Legacy to Remember

August 2016

First, a disclaimer, I am blatantly biased as I write this month’s article. I have been a huge fan of HGAR’s Legal Counsel Edward I. Sumber for more than three decades. In my opinion Ed has been one of the most effective and knowledgeable association legal counsels in the country, and he has earned the…

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LEGISLATIVE AFFAIRS: Victory for Realtors as Condo Legislation is Signed Into Law

August 2016

President Obama has signed Condo legislation that was approved by both houses of the Congress, into law. This is a big victory for Realtors as well as for future buyers as purchasing a condo is often a more affordable housing option. The new law mitigates current FHA regulations surrounding existing condominium projects, including streamlining project…

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Viewpoints

Marcene Hedayati

PRESIDENT’S CORNER: Visible Benefits

August 2016

In speaking with many of our members over the years, I have always been perturbed by the fact that many of us forget or are unaware that HGAR offers more tools to its members than simply our Multiple Listing Service. Don’t misunderstand me, our MLS is vital and often central to our ability as real…

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Jennifer Maher

PUTNAM POSTING: Preserving and Promoting Putnam County’s Small Business Base

August 2016

The Business Council of Westchester’s Third Quarter 2016 edition of 914INC. magazine has an editorial entitled “Big Ideas From Small Businesses” and a special feature saluting small business in Westchester County. 914INC. Executive Editor Amy Partridge spelled out the reasons for featuring these businesses, and stressed the importance of small businesses in our daily lives,…

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news

LEGISLATIVE AFFAIRS: 421-a Gets New Life

August 2016

421-a is a concession for multi-family residential buildings in New York City that allows developers to obtain a tax abatement in order to create affordable housing. The abatement freezes taxes for many years in exchange for additional inventory at below market rate rentals. Critics contend the program does not really provide an adequate number of…

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legal-advocacy

LEGISLATIVE AFFAIRS: 421-a Gets New Life

August 2016

421-a is a concession for multi-family residential buildings in New York City that allows developers to obtain a tax abatement in order to create affordable housing. The abatement freezes taxes for many years in exchange for additional inventory at below market rate rentals. Critics contend the program does not really provide an adequate number of…

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people

Korth & Shannahan Painting and Carpentry Receive Local & National Awards

August 2016

Korth & Shannahan Painting and Carpentry of Chappaqua, a contracting firm whose residential work has appeared on HGTV’s “Property Brothers Buying & Selling,” has been recognized with recent awards at both the local and national levels. The firm was voted Best of Westchester 2016 in the general contractor (painting, carpentry) category by the editors and…

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commercial

Chicken Island Brewing on Tap For Yonkers Waterfront Property

August 2016

YONKERS—J. Philip Commercial Group Brokerage of Westchester County announced earlier this month the completed sale of 72 Alexander St. in the City of Yonkers for $1.25 million. The Fondak Family, new owners of the property, plan to convert the more than 10,000-square-foot industrial warehouse facility into a beer distribution center and taphouse tasting room. With…

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technology
mortgage

Orange County Trust Changes Name Promises Further Growth in Region

August 2016

MIDDLETOWN—Orange County Trust Company announced recently it changed its name to Orange Bank & Trust Company. With the new name change and signage comes word from bank officials that the bank plans to continue to grow its operations in the region. The name change supports the bank’s strategic plan to remain independent, position itself for…

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