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HGAR’s 2017 President Wraps up Year with Free Networking Events

January 2018

WHITE PLAINS—2017 HGAR President Dorothy Botsoe ended her year in office the same way that she started it—offering free networking outreach events to the HGAR membership in Westchester, Putnam, Rockland and Orange counties, as well as the Bronx. Her 2017 Holiday Networking events began in November at the Mix Cocktail Bar at the Crowne Plaza…

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Gov. Cuomo Promises to Sue Feds Over Tax Reform; Restructure State Tax System

January 2018

ALBANY—Gov. Andrew Cuomo in his “State of the State” address on Wednesday here vowed that the state will file suit against the recently enacted federal tax reform law and will also study restructuring the state’s income tax revenue system. Calling the federal tax reform law an “arrow aimed at New York’s economic heart,” Gov. Andrew…

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Study Ranks New York Third in Nation in Move-Outs

January 2018

ST. LOUIS, MI—New York State ranked third behind Illinois and New Jersey in out migration, according to a study released recently by moving company United Van Lines. The United Van Lines' National Movers Study stated that more Americans are moving westward, while the Northeast and Midwest continued to lose residents. In 2017, more residents moved…

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Residential Sector Continues to Drive Bronx Building Boom

December 2017

NEW YORK CITY—New construction starts in the Bronx are expected to surpass the $2-billion plateau in 2017, according to a report released today by the New York Building Congress. While several new large public works projects came on line this year, the residential housing sector in the borough accounted for more than 50% of the…

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Home Sales Ending Year Strong, Pending Sales Rise Slightly

December 2017

WASHINGTON—Recently released reports on existing home sales and pending sales in November released by the National Association of Realtors showed strong sales activity. However, NAR predicts conditions will weaken somewhat in the new year. The National Association of Realtors reported on Dec. 27 that pending home sales were mostly unmoved in November, but did squeak…

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Governor, Legislature Strike Deal on First-Time Homebuyer Tax Incentive

December 2017

ALBANY—New York State Gov. Andrew Cuomo citing the legislation’s potential costs, reached an agreement on Dec. 18 with the State Legislature to have three state agencies study the fiscal impacts of establishing the New York State First-Time Homebuyer Savings Program. The governor signed the New York First Time Homebuyer Savings Program (NY First Home) bill…

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Rockland County Secures Nearly $6 Million in State Funding

December 2017

ALBANY—Rockland County, reversing years of earlier frustration in landing state funding under Gov. Andrew Cuomo’s Consolidated Funding Application competition, took home an impressive $5.8 million in CFA funding in this year’s competition. Rockland County Executive Ed Day said the awards include funds to expand private businesses, revitalize communities and encourage tourism. "This investment in Rockland…

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NAR Study Says Millennials Not Only Demographic Desiring Walkable Communities

December 2017

WASHINGTON—It is no longer just millennials fueling interest and investment in walkable communities. According to a new report from the National Association of Realtors, members of the silent or greatest generation (those born before 1944) also prefer smaller homes in neighborhoods with easy walks to shops and restaurants. The 2017 National Community and Transportation Preference…

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GOP, President Trump Score Major Victory With Tax Reform Passage

December 2017

WASHINGTON—As expected, in a procedural vote the House of Representatives approved the Tax Cut and Jobs Act on Wednesday. The controversial measure passed 224-201, with no support from Democratic Congressional representatives. A total of 12 House GOP members voted against the bill. The Senate passed the bill earlier in the morning by a 51-48 margin.…

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Latimer Announces First Administration Staff Nominations

December 2017

WHITE PLAINS—Westchester County Executive-Elect George Latimer announced his first key administration appointments and all are very well known and respected in political, business and media circles in the county. Latimer announced on Dec. 19 that he had nominated retiring County Legislator Ken Jenkins to be his Deputy County Executive, former New York State Department of…

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A Conversation with County Executive Ed Day

December 2017

After Bringing County Back From Financial Brink Day Looks to Advance Key Policies in Second Term NEW CITY—The chief focus of Rockland County Executive Ed Day’s first four years in office was to implement governmental and budgetary reform to improve county government operations and put the days when county government was on the brink of…

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County Executive-Elect Latimer Will Review Merits of $1.1B Airport Privatization Deal

December 2017

TARRYTOWN—Westchester County Executive-Elect George Latimer met with county business leaders on Dec. 12th and said that Republicans and Democrats in county government must work together to face new business and political realities. He also said that because the county budget for 2018 has yet to be finalized, he feels somewhat “hamstrung” in trying to implement…

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SPOTLIGHT ON: Realtor of the Year Barry Kramer

December 2017

Barry Kramer, one of the two principal brokers of Westchester Choice Realty Inc. in Scarsdale, has the distinction of being both the HGAR 2017 Realtor of the Year and the 2018 HGAR President. “I didn’t’ think I could be a Realtor of the Year and president at the same time, so I was really surprised,”…

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Local Politicos Criticize Plan, Congress on Tax Reform

December 2017

WHITE PLAINS—In addition to Rockland County Executive Ed Day who recently told Real Estate In-Depth that New York State taxpayers were getting “sandbagged” by the federal tax reform plan, other key state and local leaders also blasted various components of the GOP House and Senate tax reform plans that at press time were being debated…

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RPA Plan Looks to Address Region’s Housing, Infrastructure Needs

December 2017

NEW YORK CITY—The Regional Plan Association in its fourth regional plan says some residents of the New York City metro region are not enjoying the benefits of the robust NYC economy due in large part to the lack of investment in the area’s infrastructure, housing and quality of life. In its 373-page report released on…

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Scott Durkin Named President of Douglas Elliman

December 2017

NEW YORK—Residential brokerage firm Douglas Elliman announced on Dec. 4 it had promoted its chief operating officer, Scott Durkin to president and chief operating officer effective immediately. Durkin, a 30-year real estate veteran and protégée of Barbara Corcoran, joined Douglas Elliman in 2015 as executive vice president of acquisitions and growth. He was promoted to…

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