Featured

Hudson Valley Homes Sales Soar in Fourth Quarter

January 2016

Prices Continue to Stabilize WHITE PLAINS—During the recession, Realtors in the Hudson Valley had to deal with the bad market that featured little sales activity and prices in free-fall. Today, conditions are much different, but Realtors now face dealing with both the good and the bad. The good is a robust sales market, the bad…

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Veteran Real Estate Broker Marcene Hedayati Installed as 2016 President of HGAR

January 2016

Renee Zurlo Takes Reins of HGMLS WHITE PLAINS—In a celebration befitting the organization’s 100th anniversary, the Hudson Gateway Association of Realtors held a gala event at the Ritz-Carlton Westchester hotel on Thursday, Jan. 21 to install its chief officers and directors for 2016. The highlight of the evening that drew more than 320 attendees was…

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GE Considers Westchester, But Winds Up Moving HQ to Boston

January 2016

  BOSTON—Although most likely a long shot, Westchester County officials were still disappointed when they learned that General Electric would not move its headquarters from Fairfield County across the New York State border to Westchester. GE officials reported on Jan. 13 that it would relocate its corporate headquarters from Fairfield, CT to Boston, MA. Perhaps…

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Hudson Valley Home Sales Reach Pre-Recession Levels

January 2016

Editor’s Note: The following is the full text version of the 2015 Fourth Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York released today by the Hudson Gateway Multiple Listing Service, Inc. WHITE PLAINS—The recovery of the real estate market in the lower Hudson region continued apace in 2015…

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$1.2 Billion Project Could Make Westchester a Biotech Destination

January 2016

TARRYTOWN—While it may not transform Westchester County into the next Silicon Valley, Research Triangle or Cambridge, MA, the more than $1-billion in planned private investment in a project known as the “North 60” may raise the county’s status considerably as a viable biotechnology research location outside of New York City. Westchester County Executive Robert Astorino…

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New Rochelle City Council Approves Massive Downtown Development Plan

December 2015

NEW ROCHELLE—The New Rochelle City Council unanimously approved a new zoning plan on Dec. 8th that paves the way for millions of square feet of mixed-use development in the city’s downtown. The adoption of the Downtown Overlay Zone and Community Benefits Policy by the City Council on Tuesday evening concludes a year-long research, planning and…

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Odell Talks Butterfield, Tilly Foster Farm And Brewster Bulldogs Professional Hockey

December 2015

CARMEL—The year 2015 saw some changes in Putnam County government, from Tourism Director Libby Pataki taking leave to manage her husband former New York Gov. George Pataki’s Presidential bid to Putnam Economic Development Director Meghan Taylor leaving the PEDC to take on a key regional post with the Empire State Development Corp. However, the county…

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HGAR Celebrates 20th Anniversary of Real Estate In-Depth Newspaper

December 2015

WHITE PLAINS – In 2016,The Hudson Gateway Association of Realtors celebrates the 20th anniversary of the launch of its flagship monthly newspaper Real Estate In-Depth and is also acknowledging the 90th consecutive year of publishing a membership newspaper/magazine, in addition of course to the 100th anniversary of the founding of the Realtor association. For those…

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Hudson Valley Loses Out on $500M Windfall

December 2015

Gov. Andrew Cuomo at the CFA Awards announcement last week in AlbanyMid-Hudson Secures Nearly $91M in State Funding Mid-Hudson Secures Nearly $91M in State Funding ALBANY—This may well prove the case that the Mid-Hudson is not considered upstate. While the Mid-Hudson region’s economy will surely benefit from the $90.4 million for 109 projects from Gov.…

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Governor to Announce Economic Development Awards Thursday

December 2015

ALBANY—Economic development officials and business leaders from across New York State will be arriving in Albany for Thursday’s announcement of the annual economic development awards. There is a lot at stake at this year’s competition among the state’s regional councils, including the Mid-Hudson Regional Economic Development Council, since Gov. Andrew Cuomo is expected to hand…

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SPOTLIGHT ON: Meet HGAR’s Realtor of the Year

November 2015

Maryann Tercasio had no idea that she was about to be honored as the 2015 Realtor of the Year at the Association’s Annual Meeting in October. In fact, as HGAR President Drew Kessler read the description of the winner, Tercasio was trying to figure out if she knew who it was! “I was sitting there…

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$250M Legoland Project in Play in Orange County

November 2015

GOSHEN—Representatives of Legoland have confirmed that after being turned away by the Village of Haverstraw last month to build a $250-million Legoland Amusement Park there, the company is considering Orange County as a possible site. Orange County officials have been successful in attempting to persuade the developers of a $250-million Legoland–themed amusement park not to…

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Chappaqua Crossing Set to Break Ground in 2016

November 2015

WHITE PLAINS—If all goes according to plan it will be more than 11 years from the time the developer of the former Reader’s Digest corporate headquarters in Chappaqua acquired the property in December 2004 until it turns its first shovel on its mixed-use project on the 114-acre campus in early 2016. The archives of Real…

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Developer Chides NY’s Approval Process

November 2015

WHITE PLAINS—For the majority of his recent presentation before HGAR’s Commercial Investment Division, developer Felix Charney kept to his word and was upbeat and at times humorous about his firm’s 11-year journey to obtain approvals and build a mixed-use development at the former Reader’s Digest headquarters in Chappaqua. However, he did lash out at New…

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Maryann Tercasio Named Realtor of the Year

November 2015

TARRYTOWN—An estimated record 1,200 members of the Hudson Gateway Association of Realtors participated in the HGAR’s 99th Annual Meeting held on Oct. 19 at the DoubleTree Hotel in Tarrytown. The business portion of the all-day event was highlighted by the election of HGAR Officers and Directors, who will be led by 2016 HGAR President Marcene…

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Westchester County Approves Incentives for Projects Worth Nearly $500 Million

November 2015

WHITE PLAINS—The Westchester County Industrial Development Agency granted sales and mortgage tax exemptions to four development projects valued at a combined $496 million on Sept. 24th. The largest project by far is the $275-million redevelopment of the outdated and nearly vacant Westchester Pavilion mall. All four projects are expected to create more than 3,100 construction…

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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…

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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…

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