News

In Memoriam: Robert P. Morini

September 2017

WHITE PLAINS—The Hudson Gateway Association of Realtors regrets to inform its membership of the passing of longtime Realtor and real estate executive Robert P. Morini of Carmel, who passed away on Sept. 24th at the age of 63 surrounded by his family. He was the owner of Harvest Country Properties and was a principal broker…

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Century 21 Full Service Relocates To New Location in New City

September 2017

NEW CITY—Century 21 Full Service Realty reported recently it has relocated its brokerage operations to larger space at 53 South Main St. in New City. According to Vesna Kanacki, Broker of Record, the move was necessary to provide a superior business environment for present and future associates and its staff. She said the new office…

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Amazon Conducting Search for Second $5B HQ; Makes Major Investments in New York City

September 2017

NEW YORK CITY—E-commerce giant Amazon has certainly garnered headlines of late for its massive real estate requirements. Earlier this month, the Seattle-based retailer announced it would be conducting a national search for a second U.S. corporate headquarters valued at approximately $5 billion. While the heady requirement has economic development officials across New York State and…

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NAR Study Says Student Debt Significantly Delays Millennial Homeownership

September 2017

WASHINGTON—Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying, according to a recently released study on student loan debt and…

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Century 21 Haviland of Pleasantville Merges with ERA Insite Realty

September 2017

PLEASANTVILLE—ERA Insite Realty Services, with offices in White Plains, Bronxville and Mount Pleasant, announced a merger deal on Sept. 18th with Century 21 Haviland in Pleasantville. The merger was announced by Louis and Debra Budetti, founders and owners of ERA Insite Realty Services, which is headquartered in White Plains. The merger comes on the heels…

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GDC Breaks Ground on Peekskill Gateway Townhomes Project

September 2017

PEEKSKILL—Ginsburg Development Companies Principal Martin Ginsburg joined with Peekskill Mayor Frank Catalina and other state, county and city officials and dignitaries on September 14 for a groundbreaking ceremony to mark the start of construction of Gateway Townhomes here. Located at 700 Main St., at the gateway to the city from Route 9, Gateway Townhomes will…

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NAR Testifies in Favor of Tax Reform Done Right

September 2017

WASHINGTON—Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy. That’s the message the National Association of Realtors brought to Congress on Sept. 14th as Iona Harrison, chair of NAR’s Federal Taxation Committee, testified before the Senate Finance Committee.…

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Legoland Project Secures Key Zoning Approval

September 2017

GOSHEN, NY—The $500-million LEGOLAND New York project proposed by Merlin Entertainments secured key approvals by a 4-1 vote of the Goshen Town Board on Thursday evening that put the development ever closer to breaking ground. The Town Board approved amendments to the town’s comprehensive plan and zoning law as well as the adoption of Local…

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Orange County’s Economy Becoming Much More Diverse

September 2017

GOSHEN—For years, many considered Orange County to be chiefly a retail and warehouse and distribution market in the Hudson Valley. Today, that misinformed characterization can be easily dispelled by the diverse industry mix of firms that are located here and by those seeking to locate operations in Orange County. At press time, two major economic…

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Ginsburg Development Unveils New Lobby At City Trust Tower in Downtown Bridgeport

September 2017

BRIDGEPORT, CT —Ginsburg Development Companies of Hawthorne, NY recently unveiled a new lobby and announced new building amenities for its City Trust Tower Apartments property located at 955 Main St. in Downtown Bridgeport, CT. In addition to the new art deco-inspired lobby, the 12-story 117-unit rental apartment building, located across from McLevy Green, will soon…

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County Executive Neuhaus Talks Economic Growth, Stewart International Airport’s Expanding Impact on Region

September 2017

Since winning the County Executive post in the November 2013 election, former Chester Supervisor Steve Neuhaus has tackled a host of difficult issues that initially included closing significant budget gaps, stabilizing county government finances and shepherding the redevelopment of the Orange County Government Center in Goshen. Orange County Executive Neuhaus, who is running for re-election…

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NAR: Despite Pricing Plateau, Commercial Real Estate Outlook Remains Bright

September 2017

WASHINGTON— Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors quarterly commercial real estate forecast (available at https://www.nar.realtor/reports/commercial-real-estate-outlook). Backed by the ongoing stretch…

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David Rockefeller Estate on Market for $22 Million

September 2017

POCANTICO HILLS—The lavish Hudson Pines estate of billionaire philanthropist and banker David Rockefeller is on the market for sale for $22 million. The former chairman and CEO of Chase Manhattan Bank passed away at the age of 101 in March of this year. Since his passing, Rockefeller’s estate began to sell off his various real…

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Orange County Legislature Approves Town of Palm Tree Referendum Vote

September 2017

GOSHEN—After hearing impassioned testimony on both sides of the issue, the Orange County Legislature on Sept. 7th overwhelmingly approved a resolution by an 18-3 margin to allow a petition calling for the separation of the orthodox Jewish Village of Kiryas Joel from the Town of Monroe to go to a referendum vote this November. If…

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HomeServices of America Acquires Long & Foster

September 2017

MINNEAPOLIS—HomeServices of America, Inc., a Berkshire Hathaway affiliate, reported on Sept. 6th it acquired The Long & Foster Companies, Inc., the largest private residential real estate company in the United States by sales volume. The acquisition includes Long & Foster’s family of companies, including Long & Foster Real Estate and its market-leading affiliated business lines…

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Stewart Airport Finally Goes International

September 2017

NEW WINDSOR—The long-held belief by many government officials and business leaders that Stewart Airport could finally be a key driver of economic growth for Orange County and the entire Hudson Valley region may finally be coming to pass. Spirits soared in February when it was announced that Norwegian Airlines would offer low-cost transatlantic flights from…

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Residential Buyer Demand Remains High in Orange County

September 2017

As September begins and we look back at the summer of 2017, I do hope that all of you had a wonderful summer filled with good times. It was definitely a summer that generated significant real estate activity. The theme that started last year continued into this year where the market featured a significantly lower…

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Berkshire Hathaway Westchester Properties Sponsors Second Annual Comedy Event to Benefit Sunshine Kids

September 2017

EASTCHESTER—Berkshire Hathaway HomeServices Westchester Properties will present its second annual “Comedy for a Cause” on October 12th at Mulino’s at Lake Isle Country Club in Eastchester. Doors open at 6 p.m. All proceeds will benefit The Sunshine Kids Foundation, an organization dedicated to helping kids with cancer. In a statement, Mark Nadler, office leader of…

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President Trump Signs Extension Of National Flood Insurance Program

September 2017

WASHINGTON—With the State of Texas reeling from the extensive damage of Hurricane Harvey and the State of Florida and other southern states assessing the havoc caused by Hurricane Irma, Congress recently passed legislation that will provide some assistance to the millions of people impacted by these devastating storms. On Thursday, September 7, the U.S. Senate…

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