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Breaking News: Governor Extends Coronavirus Restrictions Until May 15

April 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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Hudson Valley Home Sales Market Entered Coronavirus Crisis with Strong Demand

April 2020

WHITE PLAINS—The Novel Coronavirus has all but put the Hudson Valley real estate market “on pause” with Realtors forced since March 22 to navigate a myriad of regulations, including virtual showings only, to close residential transactions. A recently released report by OneKey Multiple Listing Service indicated that the market area of the Hudson Gateway Association…

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HGAR, NY Realtors Enter Brave New Video World

April 2020

WHITE PLAINS—The COVID-19 virus has changed all of our lives. Surgical masks and gloves are now part of our daily attire and “social distancing” has become the norm. Restaurants and bars are just empty shells of their past lives, nightclub floors are devoid of bands, movie theaters are ghost towns and video chatting has replaced…

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Northeast States Form Council to Study Re-opening of Economy

April 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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GDC Acquires Stratus on Hudson in Yonkers for Nearly $40M

April 2020

YONKERS—Ginsburg Development Companies has added to its portfolio of multifamily properties in the Greystone section of Yonkers with the recent purchase of the Stratus on Hudson, a 74-unit luxury rental building located at 1077 Warburton Ave. GDC purchased the property in Northwest Yonkers from Stamford, CT developer Randy Salvatore’s RMS Companies who completed the building…

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Pre-Coronavirus: HGAR Reports Strong First Quarter Sales Regionwide

April 2020

WHITE PLAINS—Residential home sales figures for the first quarter of 2020 were strong and indicated that a robust year for residential sales in the lower Hudson Valley region, now served by OneKey Multiple Listing Service, would follow. According to a report released by OneKey Multiple Listing Service earlier this month, that aforementioned assumption has, of…

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

April 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 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 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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NAR Helps Secure Key Provisions in Coronavirus Bill for Realtors

March 2020

WASHINGTON—The U.S. Senate unanimously passed a $2-trillion COVID-19 compromise economic relief package on March 25. The bill now goes to the U.S. House, where it is expected to pass, and President Trump has said he will sign the much-needed measure into law. The National Association of Realtors reports the bill includes $350 billion for the…

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NYSAR Says Closings Can Occur Under Certain Circumstances

March 2020

ALBANY—The New York State Association of Realtors posted online the latest guidance regarding the regulations impacting the real estate industry in connection with Gov. Andrew Cuomo’s executive orders in connection with preventing the spread of the Coronavirus. The FAQ (Frequently Asked Questions) issued by NYSAR effective at 5 p.m. on March 24 answered a host…

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Medline Looks to Start Construction Soon on $120M Project

March 2020

MONTGOMERY—One of the more controversial commercial projects in Orange County secured a key approval on March 8 that will likely facilitate groundbreaking on the $120-million distribution facility later this spring if building restrictions related to the Coronavirus are lifted. The Montgomery Planning Board approved Medline Industries’ Final Environmental Impact Statement on its proposed 1.3-million-square-foot distribution…

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SPOTLIGHT ON: Amanda Martinez

March 2020

A Lifetime of Volunteering After spending 32 years working with the New York City Housing Authority, it’s no surprise that Amanda Martinez has a knack for finding people homes. The Better Homes and Gardens Rand Realty agent actually started her real estate career just two years ago in the brokerage firm’s Goshen office, but has…

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WRO Alleges Rockland County Apartment Complex Discriminated Against People with Mental Disabilities

March 2020

WHITE PLAINS—Non-profit fair housing agency Westchester Residential Opportunities, Inc. reported on March 9 it had filed suit against the ownership and manager of the 370-unit Tor View Village Apartments in Garnerville for alleged violations of federal, state and county fair housing laws. WRO charges in its litigation that individuals with mental disabilities were the subject…

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Evolving Coronavirus Crisis Will Impact CRE, Lending Markets

March 2020

WHITE PLAINS—As governments across the globe deal with the spread of the Novel Coronavirus—or COVID-19—the crisis hit home earlier this week when it was learned that an attorney from New Rochelle tested positive for the virus. On March 4, Gov. Andrew Cuomo confirmed reports that in addition to the 50-year-old attorney, three members of his…

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Yonkers Movie Studio Project Granted Preliminary Approval for Incentives

February 2020

YONKERS—At its Feb. 19th session, the Board of Directors of the Yonkers Industrial Development agency granted preliminary approval of proposed financial incentives for a movie studio complex to be built at the iPark complex here. The incentives are in connection with the $60-million first phase of the studio complex for Lionsgate motion picture company. The…

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Coalition Leaders Make the Case for Route 17 Expansion

February 2020

GOSHEN—Although Gov. Andrew Cuomo and the State Legislature are currently grappling with how to close a $6-billion budget shortfall, representatives of a coalition advocating for a $500-million project to expand Route 17 from Harriman in Orange County to Monticello in Sullivan County are undeterred in their belief that now is the time to move forward…

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