News

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 Park 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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Orange County Partnership Wins Critical Court Ruling

December 2019

GOSHEN—In what has been a protracted and at times contentious battle that threatened its very existence, a New York State Supreme Court Judge recently sided with the Orange County Partnership in its legal dispute with the State Authority Budget Office. On Nov. 20, Orange County Supreme Court Judge Robert A. Onofry ruled that the Orange…

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Fordham RE Institute Holds Fireside Chat With Alum and Industry Veteran Gilmartin

December 2019

NEW YORK—Some of the real estate industry’s biggest names gathered for a night of cocktails and conversation when Fordham Real Estate Institute and MaryAnne Gilmartin, co-founder and CEO of L&L MAG, presented Heroes and Champions (+ One). The intimate, invite-only event, which was held at the University’s Lincoln Center campus last month, celebrated the third…

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State Investing Nearly $2 Billion in Improvements for South Bronx

December 2019

NEW YORK—Gov. Andrew M. Cuomo announced on Dec. 11 that the $75-million transformation of the Sheridan Expressway from an interstate highway to a pedestrian-friendly boulevard is now complete, giving South Bronx residents and visitors a direct connection to the Bronx River waterfront and Starlight Park. The transformational project is part of a $1.8 billion state…

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Charity Event Raises Funds, Collects Toys for Blythedale Children’s Hospital

December 2019

WHITE PLAINS—Michelle Madaffari of A Savvy Affair and Associate Real Estate Broker with Coldwell Banker held her 12th annual holiday party and toy drive for Blythedale Children's Hospital in Valhalla on Tuesday, Dec. 3 at Graziella's Restaurant in White Plains. The event collected more than 150 toys, gifts and funds for the children.

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Long-Time Legislator Appointed To Key Environmental Position

December 2019

WHITE PLAINS—After a long career serving the people of Westchester, Westchester County Executive George Latimer has announced that a former Board of Legislators Chairman will be joining his administration. Legislator Michael Kaplowitz has been appointed Deputy Commissioner of the Department of Environmental Facilities where will use his financial and legal background to evaluate the financial…

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Westchester IDA Board Supports BioMed Realty’s Expansion Plan

December 2019

WHITE PLAINS—The Westchester County Industrial Development Agency granted approval to provide incentives for BioMed Realty to expand its Ardsley Park biotech campus in the Town of Greenburg with the renovation of 97,000 square feet of new state-of-the-art life sciences space in two buildings. The IDA Board voted on the BioMed Realty proposal at its Dec.…

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Fordham University Buys Development Site

December 2019

NEW YORK—Cushman & Wakefield recently announced that the commercial brokerage firm had arranged the sale of 619 East Fordham Road, a 5,000-square-foot garage leased to Enterprise Rent A Car in the Bronx. Cushman & Wakefield’s Jonathan Squires, Addison Berniker, Michael Fioravanti, Josh Neustadter, and Shayne Soltan represented the seller, Six 19 Custom, LLC, in this…

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