Featured

Hudson Gateway MLS Finalizes Merger Deal With Sullivan County Multiple Listing Service

April 2018

WHITE PLAINS—The Hudson Gateway Multiple Listing Service, Inc. (HGMLS) and the Sullivan County Multiple Listing Service, Inc. (SCMLS) announced on April 13 they have finalized an agreement to combine their two MLSs, expanding the HGMLS coverage to five counties in the Hudson Valley. SCMLS currently has approximately 200 agents in 58 primary participating offices, and…

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Ginsburg-Robert Martin to Redevelop Key Downtown White Plains Complex

April 2018

WHITE PLAINS— Two veteran Westchester County developers—Martin Ginsburg and Robert Weinberg—pioneers and icons in their respective sectors are teaming up on a project that can finally provide a suitable gateway to Downtown White Plains from the White Plains Train station. The two developers are embarking on a redevelopment of a more than 500,00-square-foot office complex…

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Talleyrand Apartments Trades for $91 Million

April 2018

TARRYTOWN—An affiliate of the DSF Group has acquired the Talleyrand Apartments complex here in a deal reportedly valued at more than $90 million. Commercial brokerage firm CBRE reported that Jeffrey Dunne, Gene Pride and Eric Apfel represented the seller in the transaction for the 300-unit multifamily community. Multiple press reports citing public records stated that…

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Realtors Declare Victory Against Onerous Tax Proposals

April 2018

ALBANY—Chief officials of the Hudson Gateway Association of Realtors, while not specifically citing the old axiom, did in fact embrace the tried and true sports strategy uttered by many a head coach that “Sometimes a good offense is a good defense.” The recently passed $168.3-billion Fiscal Year 2019 New York State budget did not include…

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Urstadt Biddle Acquires Tanglewood Shopping Center in Yonkers

April 2018

YONKERS—Urstadt Biddle Properties Inc. has acquired the Tanglewood Shopping Center complex on Central Park Avenue here. The Greenwich, CT-based equity REIT acquired the complex from a group of families that were descendants from the original developer of the property, according to James M. Aries, senior vice president, director of acquisitions for Urstadt Biddle. No financial…

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Debt, Smaller Down Payments Leave Millennials Vulnerable to Already Challenging Market

April 2018

SANTA CLARA, CA—Rising interest rates and home prices will cause a resounding majority of millennials to modify their home search, perhaps prompting them to seek a smaller or less expensive home or even consider different neighborhoods, according to a survey released on April 4 by realtor.com. Two factors are contributing to market sensitivity from millennials—their…

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‘Elvis’ to Rock the House at ‘Viva Las Vegas’ Event on May 8

April 2018

NEW ROCHELLE—In a few weeks, “Elvis” will grace the stage at Glen Island Harbour Club in New Rochelle when the Hudson Gateway Realtor Foundation presents “Viva Las Vegas,” Tuesday, May 8 from 6 p.m. to 10 p.m. The fundraiser will support charities and non-profit organizations throughout the Hudson Valley and will feature “Elvis” tribute artist…

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Latimer Administration, Legislators Reviewing Privatization Deals

March 2018

TARRYTOWN—While not saying that he intends to scrap any of the public-private partnerships between the county and vendors for the management of Rye Playland and Westchester County Airport, Westchester County Executive George Latimer told a business group gathering recently that both deals are being reviewed by his administration. Latimer, in a speech before trades groups…

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Survey: Housing, Economic Sentiment on Divergent Paths

March 2018

WASHINGTON— New consumer findings from the National Association of Realtors surprisingly show that while a growing share of households in the first three months of the year feel more confident about the economy and their financial situation, those positive feelings are not translating to positive views that now is a good time to buy a…

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Former Westchester Deputy County Executive Joins Simone Development

March 2018

NEW YORK—Former Westchester Deputy County Executive Kevin Plunkett left his office at the Westchester County Office Building in White Plains in January and has re-surfaced in the executive suite at Bronx-based Simone Development Companies. Simone Development announced on March 28 that Plunkett, who served as Deputy County Executive for two terms in Republican Robert Astorino’s…

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HGAR Contingent Presses State Lawmakers On Key Real Estate Legislative Agenda Items

March 2018

ALBANY—A record number of members of the Hudson Gateway Association of Realtors traveled to the state capital on March 20 and joined Realtors from across the state to press the industry’s legislative agenda that includes advancing the implementation of a first-time home buyer’s savings account and transparency and disclosure in cooperative housing sales transactions statewide.…

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New York City’s Chelsea Market Trades for $2.4 Billion

March 2018

NEW YORK—Goggle Inc., a major tenant at the property, has acquired the Chelsea Market here from Atlanta-based Jamestown for $2.4 billion. Jamestown announced the closing of the transaction for the nearly 1.2 million square-foot complex on Tuesday. The former Nabisco factory occupies a full block bound by Ninth and Tenth avenues between 15th and 16th…

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Lack of Inventory Continues to Dog U.S. and New York State Housing Markets

March 2018

WASHINGTON—Chief officials with the National Association of Realtors and the New York State Association of Realtors continue to point to low inventory levels as a continuing headwind for the residential sales market. The National Association of Realtors released home sales statistics for the month of February that showed a 3% sales volume increase nationally, however,…

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Key State Approval Secured for $40M Hospital Project in Port Jervis

March 2018

PORT JERVIS—The New York State Department of Health has approved a Certificate of Need for a more than $40-million project at the Bon Secours Community Hospital here. Bon Secours parent Westchester Medical Center Health Network announced the state Department of Health approval on Wednesday. The new project at the border of Orange County and Pennsylvania…

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Corruption Conviction Prompts Neuhaus to Call for Power Plant’s Permits

March 2018

WAWAYANDA—The fallout from the corruption conviction of former Gov. Cuomo aide Joseph Percoco on Tuesday includes some officials from Orange County seeking an investigation or the outright revocation of permits granted for the $900-million CPV Valley Energy Center project here. Joseph Percoco, a former executive deputy secretary to Gov. Cuomo, was found guilty on Tuesday…

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Coast Guard Sinks Controversial Hudson River Anchorage Plan for Now

March 2018

NEW YORK—A coalition of business, political and environmental interests’ lobbying efforts to have the Coast Guard abandon a controversial plan to significantly expand anchorages up and down the Hudson River have borne fruit. The U.S. Coast Guard announced on Tuesday that the establishment of the anchorages was not one of the recommendations in its Hudson…

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HGAR, HVEDC Look to ‘Visionaries’ On Future of Region’s CRE Markets

March 2018

POUGHKEEPSIE—The Hudson Gateway Association of Realtors, Inc. is co-sponsoring a groundbreaking conference with the Hudson Valley Economic Development Corp. entitled “Hudson Valley Visionaries: A Look into the Future of Commercial Real Estate” on Thursday, April 12th at the campus of Marist College in Poughkeepsie. The program will feature a panel of commercial real estate investors,…

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