News

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…

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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…

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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…

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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…

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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?…

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At Home in City Island

October 2018

Anyone who has ever ventured across the City Island Bridge in the Bronx knows that a quaint little seaside community awaits on the other side. A world of seafood restaurants, marinas and boutiques line the 1.5 mile-long island located at the western end of Long Island Sound. City Island was once inhabited by the Siwanoy…

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A Conversation with Bronx Borough President Ruben Diaz, Jr.

October 2018

The Bronx is Setting Records for Business, Job Growth For those old enough to remember, the images of the Bronx in the 1970s and 1980s that evoked abject poverty, neglect, and rampant crime are hard to erase. While it took decades to overcome, those days are long gone and new images are now coming to…

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Living and Working in The Bronx

October 2018

Editor’s Note: When Real Estate In-Depth began planning its first special section on The Bronx, the official newspaper of the Hudson Gateway Association of Realtors turned to perhaps the borough’s chief cheerleader Irene Guanill to provide a market report on its emerging neighborhoods. North, South, East and West and all the neighborhoods in between make…

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Westchester County Historical Society Publishes First History of the County in More Than 35 Years

October 2018

ELMSFORD—The Westchester County Historical Society announced recently it has published the first comprehensive history of Westchester County in more than 35 years. Written by Field Horne, printed by Rose Press in Mount Vernon, designed by Christina Wong, and edited by Elizabeth G. Fuller, Katherine M. Hite, Patrick Raftery, and Gray Williams, the 257-page publication entitled…

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Home Sales Still Strong, Prices Rise in Most Hudson Valley Markets

October 2018

WHITE PLAINS—Third quarter real estate sales in the lower Hudson Valley remained robust, although slightly lower than third quarter 2017 sales. While unit sales were generally lower in the Hudson Valley region served by the Hudson Gateway Multiple Listing Service, sale prices remained strong. With the exception of Westchester County, which experienced a one tenth…

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Latimer Appoints Gibbons as Director of Office of Economic Development

October 2018

WHITE PLAINS— Westchester County Executive George Latimer has decided to hire from within county government’s ranks and appointed Bridget Gibbons as the new Director of the Office of Economic Development. Gibbons had served as the county’s Deputy Director of Economic Development since Latimer took office in January 2018. She was the guest speaker at the…

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New Rochelle Wins $10M Downtown Revitalization Grant

October 2018

NEW ROCHELLE— Gov. Andrew Cuomo announced Sept. 27 that New Rochelle's Lincoln Avenue Corridor will receive $10 million in funding as the Mid-Hudson region’s winner of the third round of the state’s Downtown Revitalization Initiative competition. "New Rochelle's Lincoln Avenue Corridor is an area ripe with potential to appeal to a new generation of residents,…

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HVEDC Announces New Partnership With Westchester County Association

October 2018

GOSHEN—The Hudson Valley Economic Development Corp. and the Westchester County Association announced on Oct. 8 the launch of what they term as a “strategic partnership to grow specific industry sectors such as healthcare and real estate, expand on each other’s workforce development initiatives and close the digital divide through programs that promote gigabit-speed broadband connectivity.”…

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HGAR’s Botsoe Inducted Into NYSAR RPAC Hall of Fame

October 2018

At the recent NYSAR Fall Business Meetings held at the Turning Stone Resort/Casino in Verona, NY, HGAR’s Dorothy Botsoe was inducted into the RPAC Hall of Fame. Pictured with Botsoe (right) are from left, RPAC Hall inductee Liz English of the Long Island Board of Realtors and NYSAR President Christine “C.J.” DelVecchio. At the conference…

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NYC Developer Says Westchester Performing Better than Fairfield

October 2018

WHITE PLAINS—Peter Duncan, president and CEO of New York City-development firm George Comfort & Sons, told more than 80 attendees of the Hudson Gateway Association of Realtors Commercial Investment Division, that the firm is bullish on Westchester and is seeking to redevelop a number of properties in the county. The firm, recently acquired the former…

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Gov. Cuomo Announces $13 Billion JFK Improvement Plan

October 2018

NEW YORK—Gov. Andrew Cuomo announced on Thursday the latest plan for a major expansion and improvements at John F. Kennedy International Airport, which is now projected to cost $13 billion. The governor announced the plan on Oct. 4 at the Association for a Better New York breakfast. The governor states that $12 billion of the…

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Controversial CPV Valley Plant in Orange County Goes Online

October 2018

WAWAYANDA, NY—The controversial 680-megawatt CPV Valley Energy Center, owned by Competitive Power Ventures, is now operational. Competitive Power Ventures announced on Oct. 1 that the $900-million natural gas plant achieved commercial operation and was supplying enough electricity to power more than 600,000 average homes. The power plant, built by a joint venture of Skanska USA…

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New Multifamily Project in New Rochelle Breaks Ground

October 2018

NEW ROCHELLE—YoungCraft, a locally-based real estate development company, held a groundbreaking ceremony on Oct. 3 at the future site of The Rockwell, a more than 160,000-square-foot mixed-use development at 583 North Ave. here. Robert Young and Phil Craft, principals of YoungCraft, were joined at the project site by New Rochelle Mayor Noam Bramson, City Manager…

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HVEDC Forms Strategic Research Partnership with Pattern for Progress

September 2018

GOSHEN—The Hudson Valley Economic Development Corp. and Hudson Valley Pattern for Progress announced on Sept. 25 they had formed a strategic partnership. Goshen-based HVEDC is the Hudson Valley’s leading economic development agency and Pattern for Progress, based in Newburgh, is the Hudson Valley’s primary public policy and think tank organization. Pattern for Progress is a…

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