News

Purple Heart Museum in New Windsor To Undergo $10-Million Expansion

November 2018

NEW WINDSOR—Governor Andrew M. Cuomo announced on Nov. 12 that a $10-million expansion of the National Purple Heart Hall of Honor in New Windsor is planned. The expansion is geared at further recognizing and paying tribute to those who have been awarded the Purple Heart, America's oldest military decoration. The expansion will include a new…

Read More

Realtors Express Confidence in CRE in 2019

November 2018

BOSTON—While challenges face many of America’s commercial real estate markets, Realtors specializing in the sector should have confidence for growth to remain steady in the coming year. That’s according to the sentiments of two economists who spoke at a commercial economic issues and trends forum at the recent 2018 Realtors Conference & Expo in Boston.…

Read More

NYC Investment Firm Doubles Down on Yonkers

November 2018

YONKERS—In a span of less than a week, New York City-based investment firm AMS Acquisitions LLC acquired two major downtown parcels here that could bring significant new development to the district and adjacent waterfront. AMS Acquisitions LLC, which earlier this month acquired the Chicken Island property from the City of Yonkers, announced on Nov. 9…

Read More

Rhinebeck Brokerage Joins Houlihan Lawrence

November 2018

RHINEBECK—H.H. Hill Realty Services Inc., a prominent boutique firm with deep roots in Rhinebeck, has recently joined Houlihan Lawrence’s Hudson Valley brokerage team. H.H. Hill, which has a vintage, family-owned office on Montgomery Street in the heart of the Village of Rhinebeck, has six agents who specialize in the sale and purchase of Hudson River…

Read More

Amazon Reportedly Plans to Locate HQ2 in Long Island City, Dallas or Virginia

November 2018

NEW YORK—While the online retailing giant has yet to announce its intentions, multiple press reports state that Amazon has decided to split its highly sought after HQ2 requirement or its second corporate headquarters to two locations and the finalists are: Long Island City, Queens; Crystal City, VA and Dallas. The Seattle-based company last year announced…

Read More

Former Yonkers Mayor Martinelli Passes Away at the Age of 91

November 2018

YONKERS, NY—Former City of Yonkers Mayor Angelo Martinelli, the longest serving mayor in the city’s history, passed away peacefully at his home on Oct. 27 at the age of 91. Martinelli served as Mayor of Yonkers from 1974 to 1979, and from 1982-1987. The mayor’s passing was first reported by the Office of Yonkers Mayor…

Read More

HG Realtor Foundation to Host Holiday Party on Nov. 29

November 2018

WHITE PLAINS—The Hudson Gateway Realtor Foundation will return to the Westchester Hills Golf Club in White Plains for its 2018 Holiday Party on Thursday, Nov. 29 from 6:00 p.m. to 9:30 p.m. The event will include a one-hour open bar, appetizers, buffet dinner, DJ and dancing. In addition, attendees will have the chance to win…

Read More

Record Crowd Attends 102nd Annual HGAR Annual Meeting and Members’ Day Event

November 2018

TARRYTOWN—A record crowd of approximately 1,500 members and affiliates attended the 102nd Annual Meeting and Member’s Day of the Hudson Gateway Association of Realtors held on Oct. 29 at the Doubletree Hotel in Tarrytown. During the association business portion of the program, HGAR membership elected the 2019 slate of HGAR directors that will be headed…

Read More

LEGISLATIVE AFFAIRS: Co-op Bill Advances to the Full Legislature

October 2018

On Monday, Oct. 29th the Westchester County Board of Legislators finally held a public hearing on the co-op disclosure bill. Realtor members of the Hudson Gateway Association of Realtors spoke in favor of the compromise bill. The bill calls for a 15-day time period in which a board must notify an applicant they received the…

Read More

Brokerage Studies Market Changes Since ‘The Great Recession’

October 2018

RYE BROOK—Houlihan Lawrence released a report on Oct. 18 that examined in depth the impacts of the Great Recession on the housing market in Westchester County, the Hudson Valley and Fairfield County, CT. In the introduction to its overall findings, Houlihan Lawrence described how the Great Recession changed the New York City suburban real estate…

Read More

U.S. Home Sales Fall in September

October 2018

WASHINGTON—U.S. existing-home sales declined more than 3% in September after a month of stagnation in August, according to the National Association of Realtors. All four major regions saw no gain in sales activity in September. Existing sales in the Northeast fell nearly 3% in September as compared to September 2017. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which…

Read More

Construction Begins on Harrison Playhouse Lofts

October 2018

HARRISON—John Verni and Chris Verni, partners in Verco Properties, recently broke ground on their latest project, the Harrison Playhouse Lofts in Downtown Harrison. “The Verni brothers look forward to jump starting the rebirth of Downtown Harrison as the next great destination in Westchester County,” said John Verni. In attendance were Harrison Mayor Ron Belmont, New…

Read More

NAR Chief Economist Tells Realtors Not to Expect Recession in 2019, 2020

October 2018

NEW YORK—With a market struggling with low inventory, higher mortgage rates and slower home sales, a packed room of Realtors at the Marriott Marquis hotel in Manhattan collectively sighed relief when NAR Chief Economist Lawrence Yun said he does not expect a national recession next year or in 2020. In fact, Yun also stated that…

Read More

Hudson Valley Home Prices Continue to Rise, While Sales Decline

October 2018

WHITE PLAINS—Home sale prices were up sharply in the third quarter in the four-county market area of the Hudson Gateway Association of Realtors, with the exception of Westchester County where sales prices were relatively flat as compared to a year earlier. Sales volume was off marginally throughout the region, with overall third quarter sales down…

Read More

Orange County IDA Chairman Robert T. Armistead to Retire

October 2018

NEW WINDSOR—The Orange County Industrial Development Agency had two major announcements at its Oct. 11th board meeting: Robert T. Armistead will retire as chairman on Nov. 1, and The Accelerator, a certified New York State incubator focused on bringing manufacturing back to the mid-Hudson Valley, is projected to create more than 100 jobs by the…

Read More

The Bronx: NYC’s ‘Last Frontier’ for Investment

October 2018

The Bronx is booming! Real Estate In-Depth talked with local real estate experts Sarah Jones-Maturo, president, RM Friedland and Kathy Zamechansky, president, KZA Realty Group, who recently announced a new alliance, to find out why investment has been picking up in the borough. Real Estate In-Depth: What main factors contribute to the borough's commercial property boom?…

Read More