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…
Read MoreRYE 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…
Read More2016 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…
Read MoreALBANY—New York Gov. Andrew Cuomo confirmed published reports days earlier of a deal to shut down the Indian Point nuclear power plant complex in Buchanan by 2021. On Monday morning (Jan. 9), Gov. Cuomo announced the deal with Indian Point owner and operator Entergy Corp. to shut down the complex 14 years earlier than when…
Read MoreWARWICK—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…
Read MoreTARRYTOWN—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…
Read MoreNEW 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…
Read MoreWHITE 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…
Read MoreWASHINGTON—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)…
Read MoreRockland County Executive Ed Day continues to make good on his campaign promise back in 2013 to implement governmental and budgetary reform, to improve county government operations and put the days when county government was on the brink of default in the rear-view mirror. In an exclusive interview at his offices in the County Office…
Read MoreTARRYTOWN—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…
Read MoreLegoland 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…
Read MoreAstorino 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…
Read MoreWASHINGTON—Suburban housing markets across the United States are evolving rapidly and overall remain well-positioned to maintain their relevance in the years ahead as the places where most Americans live and work, even as many urban cores and downtown neighborhoods continue to attract new residents and businesses, according to a new publication from the Urban Land…
Read MoreNEW ROCHELLE—A groundbreaking was staged at the long-shuttered Loew’s Theater in New Rochelle on Nov. 30 for a much-anticipated $120-million mixed-use high-rise tower. However, while definitely cause for celebration, city officials and the developer say the event was just the first of what they expect will be a host of new commercial developments that will…
Read MoreMany business organizations—including the Hudson Gateway Association of Realtors (HGAR) and the Business Council of Westchester—have come out in strong opposition to the U.S. Coast Guard’s consideration of regulations that would allow the establishment of new anchorage grounds in the Hudson River. Under the proposal, 10 additional anchorages with space for up to 43 vessels…
Read MoreALBANY—Home sales in October posted strong gains both in New York State and nationally. The New York State Association of Realtors reported on Nov. 22 that home sales in the Empire State reached the second highest October monthly total on record. Home sales in the Empire State dipped slightly from one year ago, but still…
Read MoreWASHINGTON—While real estate mogul Donald Trump was anything but predictable during his campaign for the White House, his upset victory over former Secretary of State Hillary Clinton will no doubt bring changes to the financial and housing markets in both the short and long-term. Although some of President-elect Trump’s policies are still unclear, real estate…
Read MoreAfter spending more than 30 years in real estate, Gary Leogrande, broker for Keller Williams New York Realty in White Plains, was still quite surprised to be named the 2016 HGAR “Realtor of the Year” at Member Appreciation Day last month. “Sometimes over the years, I’d be sitting in the audience and thinking, ‘well maybe…
Read MoreWHITE PLAINS—Westchester County Executive Robert Astorino has proposed a plan to implement a public-private partnership (P3) whereby Oaktree Capital Management, L.P. would manage operations at Westchester County Airport under a 40-year-lease deal. The long-term lease deal, if approved by the Westchester County Board of Legislators, would save taxpayers more than $140 million, improve the overall…
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