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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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Report: Demographic Shifts, Consumer Demand Will Keep U.S. Suburbs Thriving

December 2016

WASHINGTON—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…

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Loew’s Theater Groundbreaking a Precursor to Building Boom

December 2016

NEW 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…

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GUEST VIEWPOINT: Business and Environmental Groups United To Protect Hudson River from Anchorages

November 2016

Many 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…

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State, National Home Sales Post Strong Gains in October

November 2016

ALBANY—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…

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Trump Presidency Will Certainly Bring Changes to Housing Market

November 2016

WASHINGTON—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…

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SPOTLIGHT ON: 2016 Realtor of the Year Gary Leogrande

November 2016

After 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…

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Astorino Proposes P3 Long-Term Lease Deal With Oaktree to Manage Westchester Airport

November 2016

WHITE 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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NAR Approves HGAR Merger With Manhattan Association of Realtors

November 2016

WHITE PLAINS—The Hudson Gateway Association of Realtors reports that the National Association of Realtors has approved its proposed merger with the Manhattan Association of Realtors (MANAR). Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, told Real Estate In-Depth that NAR approved the merger deal on Wednesday, Nov. 2. The merger, which becomes effective…

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Realtors Author Books on Keys to Healthy Living and Long Life

October 2016

Karen Mayo of Exit Realty in Elmsford and Gwen Weiss-Numeroff of Keller Williams Hudson Valley Realty in New City have more in common than just selling real estate—they have both authored books about staying healthy and living a long life. A Realtor since 2013, Mayo worked in banking and mortgage financing with firms like Wells…

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Striving to Improve the County’s Fiscal Outlook and Quality of Life

October 2016

A Conversation with County Executive MaryEllen Odell CARMEL—Putnam County’s continued push to foster economic development and tourism continued in 2016 with a host of ambitious initiatives, including the continued improvements at the county-owned Putnam County Golf Course, the redevelopment of the storied Tilly Foster Farm and an initiative with the City of Danbury that could…

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WCA, County’s Major Cities Partner on Gigabit Broadband

October 2016

WHITE PLAINS—Chief officials of the Westchester County Association and the mayors of the cities of Mount Vernon, New Rochelle, White Plains and Yonkers announced on Oct. 6 that they have signed a “Smart Cities ComPact” to embrace smart growth initiatives. Tops on their agenda is bringing “Gigabit” broadband to Westchester County. The initiative, estimated to…

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Rep. Maloney Proposes Bill to Stop Hudson River Barge Plan

October 2016

NEWBURGH—U.S. Rep. Sean Patrick Maloney has submitted new federal legislation that would halt current, and any future United States Coast Guard proposal to expand mooring infrastructure on the Hudson River between Kingston and Yonkers. The U.S. Coast Guard is considering the adoption of a new rule that would establish new anchorage grounds for commercial vessels…

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Report: NYC Metro Top Market in Need of More Single-Family Housing

September 2016

WASHINGTON—Single-family home construction is currently lacking in 80 percent of measured metro areas despite steady job creation and the low activity is creating a housing shortage crisis that is curtailing affordability and threatening to hold back prospective buyers in many of the largest cities in the country, according to new research from the National Association…

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