News

Port Authority Approves $30-Million Project At Stewart Int. Airport in Orange County

February 2018

NEW YORK—The tremendous success of international air service by Norwegian Airlines at Stewart International Airport in Orange County has prompted the Port Authority to expand services at the airport based in New Windsor in Orange County. Stewart International Airport will undergo a major expansion with the addition of a $30-million permanent U.S. Customs inspection area…

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JPMorgan Chase to Build New HQ Tower in Midtown

February 2018

NEW YORK—JPMorgan Chase announced plans on Feb. 21 to build a new 2.5-million-square-foot headquarters building at the site of its current headquarters location at 270 Park Ave. in Midtown Manhattan. The plan, if approved, would be the first major project to be developed under the city’s Midtown East Rezoning plan that was approved last year.…

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Compass To Acquire Westchester-Based Platinum Drive Realty

February 2018

SCARSDALE—Compass, a real estate technology company, announced today it has agreed to acquire Platinum Drive Realty, a growing real estate brokerage headquartered in Scarsdale. The acquisition comes on the heels of a recent $450-million investment in Compass by the Softbank Vision Fund and an expansion initiative to the Chicago, Dallas and San Diego markets. With…

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Experts Say Tax Reform Impacts Are a ‘Moving Target Going Forward’

February 2018

TARRYTOWN—Tax experts told approximately 175 Realtors recently that some of the fiscal and real estate impacts of the recently enacted Tax Reform and Jobs Act are still unclear. The Hudson Gateway Association of Realtors Broker-Owner-Manager Committee presented a program on Feb. 13 at the DoubleTree Hotel in Tarrytown that featured accountant and income tax crisis…

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$14.5-Million Greenwich Waterfront Estate Sale Highlights Strengthening Luxury Home Market

February 2018

GREENWICH, CT—A recent $14.5-million waterfront estate sale has brokers in Greenwich saying reports of a weak luxury real estate market in this exclusive Fairfield County community belie recent activity and concrete sales data. Houlihan Lawrence agent Ellen Mosher exclusively represented the buyer for 51 Glen Avon Drive in the highly sought-after Greenwich waterfront neighborhood of…

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Ellis Sotheby’s Realty Funds New Home for Haitian Family

February 2018

NYACK—Ellis Sotheby’s International Realty, which recently raised more than $6,000 to build a hurricane-resistant house for a family in Labodrie, Haiti, has announced that construction is complete and the family has moved into its new home. Construction was completed within six months through the luxury brokerage firm’s partnership with New Story, a non-profit that works…

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Weichert, Realtors’ Office Joins Forces With Monroe P.D. for Holiday Toy Drive

February 2018

MONROE—John Chewens, manager of Weichert, Realtors’ Monroe office, announced recently that his office once again partnered with the Monroe Police Department to collect toys to assist families and children in need this holiday season. The effort was part of the 39th Annual Weichert Toy Drive. “This was our way of giving back to the community…

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Houlihan Lawrence Begins Leasing SOYO Lofts Property in Yonkers

February 2018

YONKERS—Loft-style apartment living along the Hudson River waterfront is coming to South Yonkers with the debut of SOYO Lofts, it was announced recently by Houlihan Lawrence, the exclusive marketing and leasing agent. SOYO Lofts features 25 studio and two-bedroom duplex apartments in the former Statesman and McCann buildings on Mill Street. The 22 studios range…

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Rosie O’Donnell Sells South Nyack Home

February 2018

SOUTH NYACK—Ellis Sotheby International Realty reported on Feb. 12th that comedian, actress and TV personality Rosie O'Donnell recently sold her Hudson riverfront residence at 1 Gesner Ave. in South Nyack, NY for $5.1 million. The listing agent was Hamid Moghadam of Ellis Sotheby’s International Realty. The main house at 1 Gesner Ave., which originally listed…

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Putnam, Mercy College Announce New Management Degree Program in Carmel

February 2018

CARMEL—Putnam County Executive MaryEllen Odell announced on Feb. 8 that Mercy College will be offering a bachelor’s degree program in corporate and homeland security management through the county’s Bureau of Emergency Services’ Training and Operations Center Building (TOPS Building) at the Donald B. Smith Campus in Carmel. The program will begin in the fall of…

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HGAR’s Nancy Kennedy Receives 2017 Lawrence B. Caldwell Award

February 2018

ALBANY—The New York State Association of Realtors has announced that the Hudson Gateway Association of Realtor’s Nancy Kennedy and Sari Kingsley of the Staten Island Board of Realtors were presented with the prestigious Lawrence B. Caldwell RPAC Service Award, the highest honor presented by the Realtors Political Action Committee of New York, during the NYSAR…

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HG Realtor Foundation Raises Nearly $4,000 at First 2018 ‘Pub Night’

February 2018

DOBBS FERRY—Continuing last year’s very successful “Pub Night” fundraising efforts, The Hudson Gateway Realtor Foundation began the New Year by raising approximately $4,000 at its first Pub Night at the Doubleday Restaurant in Dobbs Ferry. The February 6th event brought out more than 125 Realtors, Affiliate Members and their guests. All monies raised benefit the…

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Nasdaq to Move Global Headquarters to Times Square

February 2018

NEW YORK CITY—Nasdaq reports it is relocating its global headquarters from Downtown Manhattan at One Liberty Plaza to its current Nasdaq MarketSite location at 4 Times Square. The stock exchange operator signed a 15-year, 145,000-square-foot lease at the 48-story, 1.8-million-square-foot tower building owned by the Durst Organization. The 10th floor will be home to a…

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Sullivan County’s Resorts World Catskills Casino Resort Opens its Doors

February 2018

MONTICELLO—The more than 40-year gamble by Sullivan County to bring casino gaming to the former storied Borscht Belt came to a successful conclusion with the opening of the $1.2-billion Resorts World Catskills casino resort here today. The casino opening, which was a few weeks ahead of schedule, saw thousands of guests flock to the expansive…

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Houlihan Lawrence, RXR Realty Named to BCW’s Business Hall of Fame

February 2018

RYE BROOK—The real estate industry is well represented in this year’s Business Hall of Fame honorees of the Business Council of Westchester. Real estate firms Houlihan Lawrence and RXR Realty were among the six overall Hall of Fame selections. The winners will be honored at the 2018 Business Hall of Fame Awards Dinner on Tuesday,…

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Rockland Legislature Passes Co-Op Purchase Reform Bill

February 2018

NEW CITY—Realtors who have pressed state and local lawmakers for years for cooperative purchase transaction reform scored a major victory on Tuesday night when the Rockland County Legislature passed unanimously a bill that requires co-op boards to make a timely decision on applications by prospective buyers. The bill, sponsored by Legislator Alden H. Wolfe, requires…

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Rockland County Investor Acquires Troubled Orange County Retail Complex

February 2018

MIDDLETOWN—The Playtogs Shopping Plaza, a troubled retail and office property on Dolson Avenue here, has been acquired by Rockland County-based Concord Capital New York. The investment firm acquired the 800,000-square-foot mixed-use site last month for approximately $4 million from CIII Asset Management, a loan servicer that foreclosed on the previous owner. Concord Capital reports that…

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Berkshire Hathaway HomeServices Expands New York City Presence

February 2018

NEW YORK—A little over a year after establishing a presence in New York City, Berkshire Hathaway HomeServices New York Properties reports it has merged with Manhattan-based RP Miller Realty Group, led by veteran residential broker Reba Miller. The RP Miller team, led by Miller, is comprised of Susan Rubell, Lee M. Frankel, Vanessa Spenuzza, Michelle…

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Brooklyn Navy Yard Unveils $2.5 Billion Expansion Plan

February 2018

NEW YORK—The Brooklyn Navy Yard announced on Jan. 31st ambitious plans to significantly grow manufacturing operations at the complex that would add 10,000 new middle-class jobs there. The plan, valued at $2.5 billion, would increase employment at the Brooklyn Navy Yard to 30,000 workers. The plan is the culmination of a two-year process that examined…

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