Featured

Entergy Looking to Sell Indian Point by End of 2019

February 2019

BUCHANAN—Until recently, the major energy issue facing Westchester County and the Hudson Valley/New York City region was the impending closure of the nuclear reactors at Indian Point in the next two years. However, that was before Con Edison announced its plan to impose a moratorium on new natural gas connections for most of the county…

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Local Mortgage Firm Has Grand Expansion Plans

February 2019

WHITE PLAINS—A.S.A.P. Mortgage, which is headquartered in Cortland Manor, has embarked on a significant expansion effort of late that has included the opening of new offices in New York City and White Plains and the launch of a new commercial finance division. In addition, the company reports its intent to open additional locations in the…

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Politicos, Business Leaders Detail Dramatic Economic Impact of Natural Gas Moratorium on Westchester

February 2019

WHITE PLAINS—In two separate hearings on Wednesday, county, city and business leaders bemoaned the potential economic impact of Con Edison’s moratorium on new natural gas connections for most of Westchester County scheduled to begin on March 15. Some described the current situation as “a full-blown crisis” with the potential to bring new commercial, multifamily and…

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Hudson Gateway Realtor Foundation’s ‘Project Beauty’ Event Draws Nearly 200 People

February 2019

WHITE PLAINS—The Hudson Gateway Realtor Foundation’s first event of 2019 drew almost 200 people to Neiman Marcus at The Westchester in White Plains for a “Project Beauty” event. The luxury department store closed early for the special event that featured champagne, wine, hors d’oeuvres, make-overs, professional headshots, and a “What’s New for Spring” runway show…

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Meet the Sellers of the Bronx Merges with ERA Insite Realty

February 2019

WHITE PLAINS—ERA Insite Realty Services, a full service, family owned and operated residential real estate firm with offices in White Plains, Bronxville, Yonkers and Pleasantville, has reported that Meet the Sellers of the Bronx has merged with the White Plains based firm. Meet the Sellers was founded and owned by broker Irene Guanill Elukowich. Louis…

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Clarkstown Forms Committee to Develop Pro-Growth Plan

February 2019

NEW CITY—Clarkstown Supervisor George Hoehmann announced on Feb. 4 the creation of the Clarkstown Business and Economic Development Advisory Committee that is now charged with developing a strategic, pro-growth plan for the town. The committee will focus initially on studying continued shifts occurring in the town’s vitally important retail sector and ways the town can…

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Commercial Brokers Expecting Another Good Year for Region

February 2019

WHITE PLAINS—A record crowd of approximately 150 real estate professionals attended the annual Commercial Broker Roundtable presented by the Hudson Gateway Association of Realtors’ Commercial Investment Division on Jan. 23. The panel of veteran commercial brokers who do business in the lower Hudson Valley and New York metro region, were upbeat at the session held…

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Fed Holds Rates Steady; Promises More Patient Approach to Future Rate Hikes

January 2019

WASHINGTON—In what can only be viewed as great news for Realtors and the residential real estate market, the Federal Reserve on Wednesday decided to hold rates steady and even signaled an end to what had been seen by some as an aggressive policy of raising rates. The Federal Reserve decided to maintain the federal funds…

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Westchester County Association, HVEDC Agree to Merger

January 2019

WHITE PLAINS—The storied Westchester County Association, which has been one of the county’s leading business advocacy organizations for nearly 70 years, says it intends to merge operations with regional economic development agency the Hudson Valley Economic Development Corp. The deal between the two organizations is intended to create a regional economic development and business advocacy…

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Empire City Casino Changes Hands to MGM Resorts in $850M Deal

January 2019

YONKERS—The era of the Rooney family at Yonkers Raceway came to an end on Jan. 29 with the closing of the $850-million sale of Empire City Casino and Yonkers Raceway to MGM Resorts International. The Rooney family acquired the storied Yonkers Raceway property in 1972 and opened the highly successful Empire City Casino in October…

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Fareri to Revitalize Longstanding Goshen Retail Eyesore

January 2019

GOSHEN—The developer who earlier this month signed a contract with Westchester County to build a more than $1-billion bioscience park in Valhalla, has proposed a$60-million plan to rid the Village of Goshen of a mostly vacant and blighted property. Fareri Associates of Greenwich, CT presented the Goshen Planning Board on Jan.22 a plan to redevelop…

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Toll-Brothers Joint Ventures with JP Morgan on $157M Project in Harrison

January 2019

HARRISON—Toll Brothers’ groundbreaking adaptive reuse of two office buildings here has a new partner and more than $100 million in construction financing. The developer reports it has formed a joint venture with New York City-based J.P. Morgan Asset Management to develop the $157 million, 421-unit Carraway luxury apartment property off Westchester Avenue in Harrison. The…

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Hudson Valley Home Sales Market Remained Strong in 2018. Sales Slow Down, But Median Prices Continue to Rise in Region

January 2019

WHITE PLAINS—The Hudson Valley residential sales market remained strong in 2018, despite lower sales due mainly to a lack of available inventory. In a report released earlier this month by the Hudson Gateway Multiple Listing Service, Inc., the overall five-county market serviced by HGMLS (Westchester, Rockland, Orange, Putnam and Sullivan counties) saw a 2.6% decline…

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