Featured

U.S. Appeals Court Backs HUD on Fair Housing Funding

November 2015

Astorino Claims Vindication on Zoning NEW YORK—While Westchester County government officials say a recent ruling by the United Stats Court of Appeals for the Second Circuit offered “a major vindication” for the county’s position concerning local zoning and home rule, the court in fact sided with the U.S. Department of Housing and Urban Development on…

Read More

Chinese Investor Buying Yonkers Waterfront Projects

September 2015

YONKERS—At the groundbreaking for the $85 million third and final phase of the Hudson Park waterfront rental apartment housing project called Hudson Park River Club here, it was revealed that Strategic Capital, a Chinese-based investment firm, is purchasing the two existing phases and is a partner on the final phase. Arthur Collins, president and co-principal…

Read More

Ambitious New Rochelle Downtown Redevelopment Plan Moves Forward

September 2015

NEW ROCHELLE—After months of public meetings, master developer RDRXR released a recommended action plan for the redevelopment of a large swath of the Downtown district of the City of New Rochelle that has the development potential of approximately 10.7 million square feet of mixed-use space. The plan outlines development potentials in five separate downtown districts.…

Read More

HGAR to Move Headquarters to The Source at White Plains

August 2015

WHITE PLAINS—The Hudson Gateway Association of Realtors, Inc. will be relocating its headquarters offices from The Westchester Pavilion mall at 60 South Broadway to offices on the top floor of The Source at White Plains at the corner of Bloomingdale Road and Maple Avenue in White Plains, Real Estate In-Depth has learned. The Source at…

Read More

$300M Mixed-Use Project in Port Chester Advances

August 2015

PORT CHESTER—Starwood Capital Group of Greenwich, CT officially began the public review process last month on its ambitious $300-million redevelopment plan for the long shuttered United Hospital property here. The project entered the public review process on July 20 after Port Chester’s Board of Trustees voted to accept as complete the Draft Environmental Impact Statement…

Read More

Berkshire Hathaway Enters Market With Two Buys

July 2015

SCARSDALE—The Berkshire Hathaway franchise entered the Westchester County residential real estate brokerage marketplace in a big way recently with the acquisition of two well-known Westchester County brokerage firms—the now former Prudential Centennial Realty in Scarsdale and Tri-Crest Realty, Inc. of nearby Eastchester. Berkshire Hathaway HomeServices New England Properties announced the acquisition of Prudential Centennial Realty,…

Read More

Hudson Valley Home Sales Spike Sharply in Second Qtr.

July 2015

WHITE PLAINS—Strong buyer demand in the second quarter fueled a substantial increase in home sales in the four-county Hudson Gateway Association of Realtors market area, particularly in Orange County. The home sales recovery continued in the region with the only caveat being that home sale prices struggled in most counties in the region over the…

Read More

County Executive Odell Points to Bright Future

July 2015

MAHOPAC—Putnam County Executive MaryEllen Odell said her administration continues to make headway into bringing new development to the “County of Main Streets.” Odell, the keynote speaker at the June 25th meeting of the Commercial Investment Division of the Hudson Gateway Association of Realtors, said she is bullish on the future of the county. She also…

Read More

Ivy Realty Acquires White Plains Plaza Office Towers

June 2015

WHITE PLAINS—After failing to secure the office tower properties more than a decade ago, Ivy Realty of Greenwich, CT has recently acquired the 725,000-square-foot White Plains Plaza office complex here in a distressed sale. White Plains Plaza consists of two 15-story office buildings at One North Broadway and 445 Hamilton Ave. that adjoin Ivy’s 275…

Read More

IRG Looks to Acquire Pfizer Campus in Pearl River

June 2015

PEARL RIVER, NY—Progress is being made on the sale of one of the two pharmaceutical corporate campuses on the market in Rockland County. While a sale could close by late summer on a portion of the Pfizer complex in Pearl River in a sale and partial leaseback transaction, little progress has been made to find…

Read More

LCOR to Break Ground on $250M Project In Downtown White Plains

May 2015

WHITE PLAINS—LCOR Inc., the developer of the proposed mixed-use 55 Bank St. project near the White Plains train station, said recently that the Berwyn, PA-based firm hopes to break ground in May on the $250-million venture. James Driscoll, senior vice president of LCOR, said that financing was being finalized for the project that will feature…

Read More

Monitor: County Could Face Hefty Fines For Federal Fair Housing Case Violations

May 2015

  WHITE PLAINS—In what appears to be an escalating battle between the court appointed Housing Monitor James Johnson and the Astorino administration, Johnson has charged that the county is in violation and in possible contempt of the terms of the 2009 federal fair housing case settlement. If found in contempt, the county could be subject…

Read More

Urstadt Biddle Confirms Sales Deal for Westchester Pavilion

April 2015

 WHITE PLAINS—Urstadt Biddle Properties Inc. of Greenwich, CT, the owner of the Westchester Pavilion shopping center here, has confirmed that it has signed a contract to sell the property to a subsidiary of homebuilder Lennar Corp. of Miami. The deal, first reported in the March edition of Real Estate In-Depth, will facilitate the redevelopment of…

Read More

Realtors Predict a ‘Normal’ Spring Home Sales Market

April 2015

WHITE PLAINS—For the second year in a row, a harsh winter that featured significant snow, extreme cold and on many days biting winds kept many prospective homebuyers bundled up next to the fireplace and away from Realtor Open Houses. Despite the long winter of 2014-2015, homes sales in the four-county region of the Hudson Gateway…

Read More

Car Dealer Abandons $10-Million Project After IDA-Neuhaus Spar Over Incentives

March 2015

NEWBURGH—A car dealer that had planned to build a $10-million Cadillac dealership here has reportedly scrapped the project in reaction to criticism raised by Orange County Executive Steve Neuhaus and the Town of Newburgh over incentives granted to the project by the Orange County Industrial Development Agency. The Orange County IDA reported on March 17…

Read More

Westchester Pavilion Mall to be Sold To Make Way for $275-Million Project

March 2015

WHITE PLAINS—The Westchester Pavilion shopping center, the current headquarters of the Hudson Gateway Association of Realtors, is under contract to be sold by Urstadt Biddle Properties Inc. to Lennar Multifamily Communities, LLC of Herndon, VA. Lennar, a subsidiary of Miami-based Lennar Corp., is proposing to demolish the 185,000-square-foot shopping center to make way for a…

Read More