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Governor, Legislature Strike Deal on First-Time Homebuyer Tax Incentive

December 2017

ALBANY—New York State Gov. Andrew Cuomo citing the legislation’s potential costs, reached an agreement on Dec. 18 with the State Legislature to have three state agencies study the fiscal impacts of establishing the New York State First-Time Homebuyer Savings Program. The governor signed the New York First Time Homebuyer Savings Program (NY First Home) bill…

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Rockland County Secures Nearly $6 Million in State Funding

December 2017

ALBANY—Rockland County, reversing years of earlier frustration in landing state funding under Gov. Andrew Cuomo’s Consolidated Funding Application competition, took home an impressive $5.8 million in CFA funding in this year’s competition. Rockland County Executive Ed Day said the awards include funds to expand private businesses, revitalize communities and encourage tourism. "This investment in Rockland…

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NAR Study Says Millennials Not Only Demographic Desiring Walkable Communities

December 2017

WASHINGTON—It is no longer just millennials fueling interest and investment in walkable communities. According to a new report from the National Association of Realtors, members of the silent or greatest generation (those born before 1944) also prefer smaller homes in neighborhoods with easy walks to shops and restaurants. The 2017 National Community and Transportation Preference…

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GOP, President Trump Score Major Victory With Tax Reform Passage

December 2017

WASHINGTON—As expected, in a procedural vote the House of Representatives approved the Tax Cut and Jobs Act on Wednesday. The controversial measure passed 224-201, with no support from Democratic Congressional representatives. A total of 12 House GOP members voted against the bill. The Senate passed the bill earlier in the morning by a 51-48 margin.…

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Latimer Announces First Administration Staff Nominations

December 2017

WHITE PLAINS—Westchester County Executive-Elect George Latimer announced his first key administration appointments and all are very well known and respected in political, business and media circles in the county. Latimer announced on Dec. 19 that he had nominated retiring County Legislator Ken Jenkins to be his Deputy County Executive, former New York State Department of…

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A Conversation with County Executive Ed Day

December 2017

After Bringing County Back From Financial Brink Day Looks to Advance Key Policies in Second Term NEW CITY—The chief focus of Rockland County Executive Ed Day’s first four years in office was to implement governmental and budgetary reform to improve county government operations and put the days when county government was on the brink of…

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County Executive-Elect Latimer Will Review Merits of $1.1B Airport Privatization Deal

December 2017

TARRYTOWN—Westchester County Executive-Elect George Latimer met with county business leaders on Dec. 12th and said that Republicans and Democrats in county government must work together to face new business and political realities. He also said that because the county budget for 2018 has yet to be finalized, he feels somewhat “hamstrung” in trying to implement…

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SPOTLIGHT ON: Realtor of the Year Barry Kramer

December 2017

Barry Kramer, one of the two principal brokers of Westchester Choice Realty Inc. in Scarsdale, has the distinction of being both the HGAR 2017 Realtor of the Year and the 2018 HGAR President. “I didn’t’ think I could be a Realtor of the Year and president at the same time, so I was really surprised,”…

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Local Politicos Criticize Plan, Congress on Tax Reform

December 2017

WHITE PLAINS—In addition to Rockland County Executive Ed Day who recently told Real Estate In-Depth that New York State taxpayers were getting “sandbagged” by the federal tax reform plan, other key state and local leaders also blasted various components of the GOP House and Senate tax reform plans that at press time were being debated…

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RPA Plan Looks to Address Region’s Housing, Infrastructure Needs

December 2017

NEW YORK CITY—The Regional Plan Association in its fourth regional plan says some residents of the New York City metro region are not enjoying the benefits of the robust NYC economy due in large part to the lack of investment in the area’s infrastructure, housing and quality of life. In its 373-page report released on…

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Scott Durkin Named President of Douglas Elliman

December 2017

NEW YORK—Residential brokerage firm Douglas Elliman announced on Dec. 4 it had promoted its chief operating officer, Scott Durkin to president and chief operating officer effective immediately. Durkin, a 30-year real estate veteran and protégée of Barbara Corcoran, joined Douglas Elliman in 2015 as executive vice president of acquisitions and growth. He was promoted to…

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Work to Start Soon on $150M Road Project by Woodbury Common

November 2017

HARRIMAN—New York Gov. Andrew Cuomo traveled to Orange County on Wednesday to announce the impending start of construction on the long-awaited Exit 131 project adjacent to Woodbury Common Premium Outlets. New York State officials announced that Yonkers Contracting Co. Inc. and subcontractor design firm HNTB were awarded the Design-Build contract. A spokesman for Yonkers Contracting,…

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Ginsburg's Scarsdale Retail Condo Trades to Investor for $17M

November 2017

SCARSDALE, NY—Ginsburg Development Companies has sold the retail condominium component of its Christie Place mixed-use project across from the Scarsdale Metro North train station. Knowledgeable sources have informed Real Estate In-Depth that the deal was valued at $17 million. The sale to an unidentified private investor was announced by brokerage firm Holliday Fenoglio Fowler, L.P.,…

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