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Project Profile: $500M Bellefield at Historic Hyde Park to Harness Region’s Burgeoning Food and Beverage Sector

February 2017

Real Estate In-Depth recently sat down with Mike Oates, managing partner of Bellefield Development Partners, to discuss the firm’s proposed $500-million Bellefield at Historic Hyde Park development, a mixed-use, multi-phased project that hopes to take advantage of and in turn enhance the Hudson Valley’s growing food and beverage industry. The development project is located on…

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County, Feds at Odds Over Housing Monitor

February 2017

WHITE PLAINS—While Westchester County Executive Robert Astorino has been hopeful that with the change in administration in Washington, DC, would perhaps foster better relations between the county, the U.S. Justice Department and the U.S. Department of Housing and Urban Development, initial indications reveal the relationship between at least some the parties remains frosty. Astorino has…

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Merlin Entertainments Proposes Major Road Project to Help Secure Legoland Approval

February 2017

GOSHEN—Merlin Entertainments, the developer of the proposed $500-million LEGOLAND New York project here, has taken a bold step to mitigate one of the major issues tied to the project’s approval. The firm announced on Monday plans to relocate and reconfigure Exit 125 of Route 17 to help alleviate traffic on local roads. The multi-million dollar…

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SPOTLIGHT ON: Rey Hollingsworth Falu

February 2017

Branding That's Never Out of Style Standing out from the crowd can always be a challenge for Realtors, but Rey Hollingsworth Falu has definitely found something that leaves an instant impact on almost everyone he meets—his bow ties! The Broker/Owner of Hollingsworth Real Estate Group in White Plains wears them just about all of the…

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Commercial Brokers Bullish on Hudson Valley Market in 2017

January 2017

WHITE PLAINS—A record crowd of more than 120 real estate professionals were on hand to hear a rather upbeat view of the Hudson Valley commercial real estate market this year at the Hudson Gateway Association of Realtors’ Commercial Investment Division’s Annual Commercial Broker’s Roundtable held at the HGAR offices in White Plains. CID President John…

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Hudson Valley Home Sales Soared 12.5% in 2016

January 2017

WHITE PLAINS—As the new year begins, the Hudson Valley home sales market seems to be running on close to all cylinders with strong sales in Westchester, Rockland, Orange and Putnam counties. All indications are that the region’s economic fundamentals will continue to fuel activity and perhaps spark even higher price appreciation in some markets in…

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HGAR Makes History With Dorothy Botsoe Installation

January 2017

Renee Zurlo to Lead HGMLS for Second Term TARRYTOWN—On Jan. 19, the Hudson Gateway Association of Realtors achieved another significant milestone in its storied 101-year history with the installation of its first black President, veteran Realtor Dorothy Botsoe. The Hudson Gateway Association of Realtors held its annual Installation Gala at Abigail Kirsch at Tappan Hill…

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Houlihan Lawrence Acquired by Warren Buffett’s Brokerage Firm

January 2017

RYE BROOK—In a surprise move, Houlihan Lawrence whose roots in Westchester County date back to 1888, has been acquired by Warren Buffet’s Home Services of America, Inc. of Minneapolis, MN. Both parties in the transaction did not release financial terms of the deal that was announced on Tuesday, Jan. 17th. Nancy Seaman, chairman of Houlihan…

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Hudson Valley Posts Strongest Home Sales Since Recession

January 2017

2016 ANNUAL AND FOURTH QUARTER REAL ESTATE SALES REPORT Westchester, Putnam, Rockland and Orange Counties, New York WHITE PLAINS—2016 posted the region’s best real estate sales results since the post-recession recovery period that commenced in 2011. Realtors participating in the four-county Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of…

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Exclusive: Higher Than Expected Development Costs Prompt Rockland Firm to Scrap Warwick Plant Project

January 2017

WARWICK—A family-owned fine flavor manufacturing firm that dates back to 1890—Star Kay White Inc. of Congers—has decided not to move forward on a planned multi-million dollar expansion at the Warwick Valley Office & Technology Park, Real Estate In-Depth has learned, due to higher than expected construction costs. Benjamin Katzenstein, president of Star Kay White, informed…

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Regeneron to Buy Headquarters Property in Blockbuster $720M Deal

January 2017

TARRYTOWN—Regeneron Pharmaceuticals, Inc. has entered into a purchase agreement with the owner of the Landmark at Eastview, an affiliate of BioMed Realty, L.P., to acquire the nearly 1.5-million-square-foot office and laboratory complex on approximately 150 acres for $720 million. The fast-growing pharmaceutical firm reported the transaction in its Form 8-K filing with the Securities and…

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Faranda, Rand Make Inman’s ‘Influencer’ List

January 2017

NEW YORK CITY—Inman recently announced its “Real Estate Influencers of 2017” and several Hudson Valley-based real estate professionals made the prestigious list. Among the Influencer selections by the real estate industry media website included J. Philip Faranda, broker/owner of J. Philip Real Estate LLC, an independent real estate brokerage firm based in Briarcliff Manor and…

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Astorino: Westchester Has Spent $82M on Fair Housing Case

December 2016

WHITE PLAINS—As expected, Westchester County Executive Robert Astorino reported that the county had surpassed the court-mandated fair housing development benchmark of having financing in place and/or building permits issued for 750 units of affordable housing in 31 communities by the end of 2016. Astorino at a Dec. 27th press conference at the Michaelian Office Building…

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Rising Mortgage Rates Will Affect Home Sales Volume in 2017

December 2016

WASHINGTON—Shrinking consumer confidence due to declining housing affordability, combined with rising mortgage interest rates are expected to put downward pressure on home sales volume nationwide, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors. In NAR's recently released fourth quarter Housing Opportunities and Market Experience (HOME)…

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New Tappan Zee Bridge to Open on Time in 2018

December 2016

TARRYTOWN—At a topping off ceremony for the new span’s eight towers, state officials announced that the new Tappan Zee Bridge (also known as the New NY Bridge) will open for traffic in 2018 and will be completed on budget at $3.98 billion. A host of political, business and construction trade officials gathered at the project…

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Mid-Hudson Region Secures $83M in State Grant Funds

December 2016

Legoland Project Awarded $3 Million  ALBANY—The Mid-Hudson Valley region came out the big winner in this year’s Consolidated Funding Awards, netting $83.3 million in state aid that will support 105 economic development/infrastructure projects in the seven-county region. In an announcement on Dec. 9, Gov. Andrew Cuomo awarded a total of $716.9 million in CFA funding…

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Westchester Hopes Fair Housing Case Winding Down

December 2016

Astorino Welcomes Carson as HUD Secretary WHITE PLAINS—In an exclusive interview, Westchester County Executive Robert Astorino told Real Estate In-Depth that the county fully expects to meet its court-mandate to have 750 affordable housing units either built or approved by the end of this month. County Executive Astorino also said that the election of Republication…

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