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Rep. Maloney Tells HGAR a ‘Big Fight’ is Coming on State and Local COVID-19 Aid

May 4, 2020

WHITE PLAINS—U.S. Rep. Sean Patrick Maloney (D-NY-18) in a more than 50-minute online session hosted by the Hudson Gateway Association of Realtors recently offered his views on the COVID-19 crisis’ impacts on the real estate industry and how the federal government going forward will be assisting businesses in New York State affected by the pandemic.…

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Rand Executives Say COVID-19 Will Not Cause a Crash of the Real Estate Markets

May 1, 2020

Executives with Better Homes and Gardens Rand Realty and affiliate Rand Commercial say that business is continuing during the health crisis caused by the Novel Coronavirus and that the social and economic impacts, while severe, will not cause a crash in the residential or commercial real estate markets in the Hudson Valley. Rand executives appeared…

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Indian Point 2 to Shut Down on Thursday

April 29, 2020

BUCHANAN—A day that many business leaders have dreaded and environmentalists have hailed will come to pass tomorrow morning (April 30). The Indian Point Unit 2 reactor will be shut down by control room operators at the nuclear power plant complex here by Entergy Corp. The Indian Point 2 reactor has been in operation for more…

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Recovery from COVID-19 Downturn in NY Will Take Longer than ‘Great Recession’

April 27, 2020

ALBANY—The New York State Division of the Budget released a report on Saturday that estimates a $13.3-billion shortfall, or 14%, in revenue from the Fiscal Year 2021 Executive Budget Forecast released in January. The report estimates a $61-billion state revenue decline through Fiscal Year 2024 as a direct consequence of the COVID-19 pandemic. The 463-page…

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Gov. Cuomo Could Begin Restart of Economy After May 15

April 27, 2020

ALBANY, NY—It appears New York State could allow the reopening of some business operations in the construction and manufacturing sectors in the upstate region beginning as early as after May 15. New York Gov. Andrew Cuomo in his daily COVID-19 update on Sunday April 26 announced the state may begin a phased restart of the…

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COVID-19 Update 4/21/2020: Gov. Cuomo Says NY Biz Reopening to Be Done by Region

April 21, 2020

BUFFALO—New York Gov. Andrew Cuomo in this morning’s COVID-19 update briefing here said that the reopening of the state’s economy will be performed by region. He announced that Lt. Gov. Kathleen Hochul will be in charge of studying the Western New York region, including determining how and when the economy will reopen there, while former…

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COVID-19 Update for Monday, April 20, 2020

April 20, 2020

Governors Make Appointments to Council Charged with Restoring Northeast Economy NEW YORK—Perhaps the beginning of the end or at the very least the end of the beginning of the COVID-19 pandemic and the restoration of the regional economy are at hand. On Sunday, New York Gov. Andrew M. Cuomo, New Jersey Gov. Phil Murphy, Connecticut…

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Breaking News: Governor Extends Coronavirus Restrictions Until May 15

April 16, 2020

ALBANY—While President Donald Trump is pondering whether to restarting some segments of the economy in some areas by May 1, New York Gov. Andrew Cuomo announced today that he will extend the state’s “On Pause” restrictions until May 15. The governor said the extension of the restrictions that include the closure of non-essential businesses, schools,…

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Planned Parenthood Hudson Peconic to Relocate to Lockwood Medical Campus

April 16, 2020

NEW ROCHELLE—Planned Parenthood Hudson Peconic Inc. has signed a lease to occupy the entire ground level of the Lockwood Medical Campus here. Rand Commercial, the exclusive leasing agent for the 100,000-square-foot Lockwood Medical Campus at 150 Lockwood Ave., reported that Planned Parenthood Hudson Peconic has signed a long-term lease for more than 5,600 square feet…

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Zeta Charter School Signs 65,000 SF Lease in the Bronx

April 16, 2020

NEW YORK—Zeta Charter Schools has signed a 65,000-square-foot lease deal for a new elementary school at 1910 Arthur Ave. in the Bronx. Called Zeta Bronx Tremont Park Elementary, the school is scheduled to open in August 2021 for the 2021-2022 academic year and will ultimately serve students in pre-K through fifth grade, according to Transwestern…

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Northeast States Form Council to Study Re-opening of Economy

April 15, 2020

ALBANY—In nearly a month of difficult economic news and tragic fatality numbers due to the Novel Coronavirus pandemic, a glimmer of hope has emerged that the state is beginning to consider how and when non-essential businesses could reopen in New York State. On Monday April 13, Gov. Andrew Cuomo announced a regional initiative with six…

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International Tech. Firm to Relocate North American HQ to Rye Brook

April 8, 2020

RYE BROOK— SCHOTT Corporation has signed a lease for more than 14,000 square feet of space at Kingsbrook, a recently renovated six building complex located at 1100 King St. in Rye Brook owned by New York City-based George Comfort & Sons, Inc. The international technology company that specializes in the areas of specialty glass and…

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DeCicco & Sons to Open at Edge on Hudson Development in 2022

April 8, 2020

SLEEPY HOLLOW—Construction is expected to begin next year on a new DeCicco & Sons market at the Edge on Hudson project being developed at the former General Motors Assembly plant here. The deal marks the first retail property to sign on at the Edge on Hudson development and marks the first grocer to operate in…

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State Clarifies Position on Property Showings—Can Only be Performed Online

April 3, 2020

ALBANY—Less than 24 hours after the real estate industry was led to believe that in-person real estate showings were permitted by New York State comes a statement from Empire State Development that only virtual/online showings are permissible. On the evening of April 2, an official with Empire State Development Corp. in a clarification of the…

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BREAKING NEWS: Empire State Development Deems Some Facets of Residential, Commercial Real Estate as ‘Essential’

April 2, 2020

ALBANY—Commercial and residential real estate brokers and agents received some welcome if not surprising news on April 1 when the Empire State Development Corp. clarified existing regulations, put in place in response to the Novel Coronavirus Pandemic, and deemed residential and commercial showings and back office real estate work as “essential.” The clarification therefore allows…

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Gov. Orders All Non-Essential Construction Shut Down

April 1, 2020

NEW YORK—Most private construction in New York State, including major development projects in New Rochelle, Yonkers and White Plains, have been temporarily shut down as a means to prevent the spread of the Coronavirus Pandemic. At a press briefing at the Javits Center in New York City on March 27, New York Gov. Andrew Cuomo…

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