News

Serendipity Labs Announces Expansion into New U.S. Markets

January 2020

RYE—Locally-based workspace provider Serendipity Labs has announced its entry into six new markets. The deals will add more than 130,000 square feet to the company’s US network and are all scheduled to open this year. Serendipity Labs is opening two of its flexible shared offices in January, Wauwatosa, WI and Westport, CT. It has also…

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CPC and L+M Close On $33 Million to Refi, Preserve 386 Units of Affordable Housing in the Hudson Valley

January 2020

NEW YORK—The Community Preservation Corporation and L+M Development Partners recently announced the closing of three Fannie Mae Multifamily Affordable Housing (MAH) loans totaling $33.2 million to finance the long-term preservation of three affordable housing developments in the Hudson Valley. Two of the properties are located in Rockland County and one in Dutchess County. The properties…

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Law Firm to Relocate to Riverview at Purchase

January 2020

PURCHASE—Three new lease deals have been signed at the RiverView at Purchase office building here, including a 13,000-square-foot transaction with the law firm Marshall Dennehey Warner Coleman & Goggin, P.C. The law firm, which is headquartered in Philadelphia, signed a seven year-lease deal with building owner Phoenix Capital Partrers, LLC, according to CBRE, which represented…

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HGMLS: Home Sales in Hudson Valley Remained Strong in 2019

January 2020

WHITE PLAINS—Sales of residential real estate in the lower Hudson Valley remained strong in 2019, according to the recently released “2019 Annual And 4th Quarter Residential Real Estate Sales Report—Westchester, Putnam, Rockland, Orange and Sullivan Counties, New York” by the Hudson Gateway Multiple Listing Service, Inc. Overall residential sales, which include condominium, co-op and two…

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Hudson Gateway Realtor Foundation Donates To 22 HV Charities and Non-Profits in 2019

January 2020

WHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, donated a total of $44,000 to 22 charities and non-profit organizations throughout the Hudson Valley and beyond in 2019. As it enters its seventh year of fundraising, the foundation is gearing up for another successful year of providing financial…

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Gov. Cuomo Proposes Ambitious Agenda While NY State Faces $6-Billion Deficit

January 2020

ALBANY—With the specter of a $6-billion shortfall facing New York State this legislative session, Gov. Andrew Cuomo delivered his 10th State of the State Address on Jan. 8 that featured a host of new initiatives, including a $3-billion environmental bond act to fight climate change, a renewed call for legalized cannabis, as well as infrastructure…

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State to Preserve 4,000 Acres of Parkland in Hudson Valley

January 2020

ALBANY—Gov. Andrew Cuomo announced on Jan. 5 as part of his State of the State message to be presented on Jan. 8, the state intends to preserve 4,000 acres of open space in the Mid-Hudson Valley. The latest open space acquisitions will expand a host of state parks, add new trails and viewpoints, as well…

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Jana Currier Joins HGAR as Director of Member Engagement

January 2020

The Hudson Gateway Association of Realtors reported it recently welcomed Jana Currier of Ramsey, NJ as its new Director of Member Engagement. In this newly created position, Currier will help to implement the association’s new strategic plan to enhance member engagement, as the organization continues to grow. A Realtor since 1992, Currier currently holds a…

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Bronx Mitchell-Lama Portfolio Trades for $166 Million

January 2020

NEW YORK—A portfolio of eight Mitchell-Lama apartment buildings in the Bronx totaling 1,275 units has changed hands in a deal valued at $166 million. A partnership of LIHC Investment Group, Belveron Partners and Camber Property Group announced the acquisition on Jan. 3 of the Bronx Park portfolio from Cammeby’s International Group. The deal includes the…

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HGAR’S Global Business Council Chair Participates in Global Business Summit in Belgium

January 2020

SCARSDALE—Emilce (Emi) Cacace, HGAR’s Global Business Council Chair, recently participated in the International Real Estate Federation’s (FIABCI) annual Global Business Summit in Ghent, Belgium. Cacace also serves as FIABCI’s Vice President of the World Council of Brokers. The summit, held in early December, featured guest speakers from the United Kingdom, France, Switzerland, Belgium, Finland, Nigeria,…

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HVEDC and Hudson Valley Chapter of NYSCAR Form Strategic Partnership

January 2020

GOSHEN—The Hudson Valley Economic Development Corporation and the Hudson Valley Chapter of the New York State Commercial Association of Realtors Inc. reported on Jan. 3 they had launched a strategic partnership to formalize and deepen the relationship between the organizations. As part of the partnership, HVEDC states it will expand communication of key economic development…

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NAR: U.S. Pending Home Sales Expanded 1.2% in November

January 2020

WASHINGTON—Pending home sales increased in November, rebounding from the prior month’s decline, according to the National Association of Realtors. The West region reported the highest growth in November, while the other three major U.S. regions saw only marginal variances in month-over-month contract activity. Pending home sales were up nationally and up in all regions compared…

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Northeast Home Sales Rise in November; Still Down Year-to-Date

December 2019

WASHINGTON—Existing-home sales fell in November, taking a small step back after October’s gains, according to data released recently by the National Association of Realtors. The Northeast and Midwest both reported sales growth last month, while the South and West saw sales decline. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops,…

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Mid-Hudson Region Secures Nearly $66M in Regional Council Awards

December 2019

ALBANY—The Mid-Hudson Regional Economic Development Council’s string of consecutive designations as a “Top Performer” in the annual Consolidated Funding Application program was halted at three years. On Dec. 19, Gov. Andrew Cuomo announced that the Mid-Hudson was not among “Top Performers” for 2019, but would still receive $65.8 million that would support a total of…

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Mack-Cali to Sell Remaining Suburban NY/NJ Office Portfolio

December 2019

JERSEY CITY, NJ—The Board of Directors of Mack-Cali Realty Corp. has voted to sell the company’s 6.6-million-square-foot suburban office portfolio located in New York, New Jersey and Connecticut. The company’s sole office holding outside of New York City in New York State is the firm’s 1 Water St. office building in White Plains. The four-story…

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A Holiday Tradition Hails from Orange County

December 2019

This year's Rockefeller Center Christmas Tree hails from Orange County, specifically the Village of Florida. The 77-foot tall Norway spruce was donated by Carol Schultz and was transported to New York City in early November.

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