Featured

Annual Members Day to Feature Mel Robbins of CNN as Keynote Speaker

August 2017

TARRYTOWN - Just one day before Halloween, some 1,000 Realtors are expected to converge on the DoubleTree Hotel in Tarrytown for HGAR’s 101st Annual Member Appreciation Day. The Monday, October 30 day-long event will feature Mel Robbins of CNN as the keynote speaker. This free event, open to all HGAR members, will be drawing Realtors…

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NAR Describes Inventory Levels as ‘Pitiful’

August 2017

WASHINGTON—The National Association of Realtors released two telling reports this month that detailed the anemic levels of home sale inventory, describing supply conditions as “pitiful” and inventory shortages in some markets as “severe.” In a report released on second quarter home sale prices, NAR stated the headstrong supply and demand imbalances in much of the…

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Rep. Maloney Introduces Bill to Help First-Time Buyers

August 2017

MIDDLETOWN—U.S. Rep. Sean Patrick Maloney (D-NY-18) held a press conference at the home of recent first-time homebuyers Taylor and Justin Van Dyke on Aug. 23rd to announce he intends to re-introduce bipartisan legislation to assist first-time homebuyers save for their down payment and pay for closing costs on their initial home purchase. Rep. Maloney ‘s…

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Woodbury Common Owner Settles AG Case Loudly

August 2017

CENTRAL VALLEY—The owner of the highly popular Woodbury Common Premium Outlets here may have spent nearly $1 million recently to settle charges of engaging in anti competitive behavior, but it did not do so quietly. Simon Property Group after settling litigation with the New York State Attorney General over alleged anticompetitive tactics it employed in…

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Governor Presides Over Opening of Western Span of Mario Cuomo Bridge

August 2017

TARRYTOWN—More than 800 business, organized labor and political leaders gathered to commemorate a major milestone in the construction of the $3.9-billion Governor Mario M. Cuomo Bridge on Aug. 24— the opening of the western span of the new structure that will next year replace the Tappan Zee Bridge. Gov. Andrew Cuomo said at the ceremony…

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Outdated Office Buildings to be Replaced by Luxury Rental Project

August 2017

Toll Brothers Project a First for I-287 Corridor HARRISON—The repurposing of outdated suburban office buildings along the I-287 corridor along what had been known as the “Platinum Mile” took a historic turn to a new crossroads on Aug. 15 when Toll Brothers Apartment Living officially broke ground on the conversion of two outdated office buildings…

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Fordham University, HGAR Form Educational Partnership

August 2017

Project Management, Finance Courses to be Offered in Westchester WEST HARRISON—The Real Estate Institute at Fordham University’s School of Professional and Continuing Studies has announced the expansion of its professional certificate programs to Westchester County. Beginning in September, in person courses in the Real Estate Finance & Investment and Construction Project Management certificate tracks will…

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A Conversation with Laurence P. Gottlieb HVEDC President and CEO

August 2017

The Hudson Valley’s Growing and Evolving Regional Economy NEW WINDSOR—Real Estate In-Depth recently sat down with Laurence P. Gottlieb, president and CEO of the Hudson Valley Economic Development Corporation based in Goshen, to discuss the key strengths of the Hudson Valley region and how HVEDC is looking to grow the regional economy. The HVEDC is…

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‘So, How’s the Market?’

August 2017

How many times per day are Realtors asked the simple question: “How’s the market,” and exactly what answer do we give to satisfy our local, inquiring minds? Is it a simple answer or does the answer depend on who’s asking the question or does it really vary from region to region? According to the National…

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Three Firms in the Running for Westchester County Airport P3 Contract

August 2017

WHITE PLAINS—Now that Westchester County successfully entered a public-private partnership to manage its Rye Playland amusement park, it is now proceeding toward a possible long-term agreement with a private operator to manage the Westchester County Airport. Three airport operator groups are now competing to take over operations at Westchester County Airport here in a controversial…

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White Plains Leads the Way for County’s Office Market

August 2017

WHITE PLAINS—The City of White Plains saw most of the major office leasing transactions in the second quarter, which paced overall activity in Westchester County, according to market reports released recently by a number of major commercial brokerage firms. Colliers International Group reports the City of White Plains followed a strong first-quarter performance with another…

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Western Span of New Tappan Zee Bridge to Officially Open on August 25

August 2017

TARRYTOWN—The project that many thought would never be built is reaching a key milestone later this month. At a breakfast meeting of the Association for a Better New York in Manhattan on July 27th, Gov. Andrew Cuomo announced the first of two spans of what is now being called the new Governor Mario M. Cuomo…

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RXR Realty Proposes Second Major High-Rise Project in New Rochelle

July 2017

NEW ROCHELLE—As promised by RXR Realty’s Seth Pinsky at a recent meeting of the Hudson Gateway Association of Realtors’ Commercial Investment Division, RXR has announced it intends to develop a second major development project in Downtown New Rochelle. RXR Realty, which is building a high-rise mixed-use project at the former Loew’s Theater site in Downtown…

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New York Building Congress Report Details Future Power Supply Concerns

July 2017

NEW YORK—The impending closure of the Indian Point nuclear power plants in Buchanan and other market forces could pose significant risks to the future energy supply of New York City and the Lower Hudson Valley, a recently released report warns. The New York Building Congress released a report earlier this week entitled “Electricity Outlook: Powering…

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Legoland Project Clears Key Environmental Hurdle

July 2017

GOSHEN—The controversial $500-million LEGOLAND New York project secured a key approval on July 20th of its Final Environmental Impact Statement, a significant hurdle in its bid to win municipal approvals for the project so it can move forward later this year with construction of the theme park. Approximately 200 people packed the Orange County Emergency…

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Astorino Claims Victory in Zoning Dispute With HUD

July 2017

WHITE PLAINS—A seven-year battle between Westchester County and the U.S. Department of Housing and Urban Development over terms of a controversial fair housing settlement appears to be finally winding down. On July 19th, Westchester County Executive Robert Astorino announced that HUD had accepted the county’s 11th submission of an Analysis of Impediments to Fair Housing…

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Hudson Valley Realtors Hoping With Rising Prices Comes New Listings

July 2017

WHITE PLAINS—The majority of the four-county Hudson Gateway Multiple Listing Service territory continued to enjoy sales volume increases in the second quarter, however the falling levels of for-sale housing inventory have constricted the rate of sales growth in most markets. Realtors interviewed by Real Estate In-Depth said they are hopeful rising for-sale home prices in…

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Real Estate, Lending Industries Offer Mixed Reactions To CFPB’s ‘Know Before You Owe’ Disclosure Changes

July 2017

WASHINGTON—The Consumer Financial Protection Bureau finalized updates to its “Know Before You Owe” mortgage disclosure rule with amendments released on July 7th that the bureau stated are intended to formalize guidance in the rule, and provide greater clarity and certainty. The changes will facilitate implementation of the Know Before You Owe rule by the mortgage…

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Hudson Valley Home Sales Continue to Rise Despite Falling Inventory

July 2017

WHITE PLAINS—The constricting supply of housing in the lower Hudson region served by the Hudson Gateway Multiple Listing Service, Inc. has brought about some long-expected price increases in most areas and in most property types, according to the “2017 Second Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York”…

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