WHITE PLAINS—The ownership of 7 Renaissance Square, a 65,600-square-foot building that is part of the Ritz-Carlton, Westchester complex in Downtown White Plains is under contract to be sold. The building ownership—a joint venture partnership of SL Green Realty and Renaissance Partners, LLC— has agreed to sell the property for a gross sale price of $20.7…
Read MoreWALLKILL—While Orange County officials are still awaiting word on whether it will be selected for a $250-million Legoland amusement park, an Orange County company has purchased property down the street from the Orange Regional Medical Center here for a possible waterpark project. Published reports indicate the Devitt Management of Montgomery has purchased the 43-acre former…
Read MorePrices 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…
Read MoreRenee 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…
Read MoreWHITE PLAINS—The Hospital for Special Surgery will establish the largest outpatient center in its system here at 1133 Westchester Ave. at the end of 2017. In addition, Real Estate In-Depth has learned that property owner RPW Group is close to resurrecting a plan to build a hotel nearby. The Hospital for Special Surgery’s outpatient center…
Read MoreBOSTON—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…
Read MoreEditor’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…
Read MoreTARRYTOWN—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…
Read MoreNEW 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…
Read MoreCARMEL—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…
Read MoreWHITE 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…
Read MoreGov. 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.…
Read MoreALBANY—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…
Read MoreSLEEPY HOLLOW—With approvals in hand for its first phase of development, the developer of what is now being called the “Edge on Hudson” development at the former General Motors assembly plant property here expects to commence site work and necessary infrastructure upgrades in early 2016 to ready the site for what will be a massive…
Read MoreMaryann 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…
Read MoreGOSHEN—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…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreTARRYTOWN—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…
Read MoreWHITE 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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