News

Westchester County Executive Says State of County is ‘Fierce’

October 2020

  WHITE PLAINS—In his State of the County address last evening, which was delayed due to a County Legislator testing positive for COVID-19, earlier this month, Westchester County Executive George Latimer said that while the pandemic is far from over, he is confident the county will recover from the virus’ ill effects. Noting that the…

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County Offers Program to Help Launch Home-Based Businesses or Non-Profits

October 2020

WHITE PLAINS—After recently launching a business loan program and a housing assistance initiative, the Westchester County Office of Economic Development on Oct. 19 announced a new program for county residents who may want to create home-based income streams, or launch new businesses or nonprofits. The program entitled “Launch 1000” was described as an innovative, fully…

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GATEWAY PERSPECTIVES: Don’t Let Our Guard Down

October 2020

Back in the height of the lockdown caused by COVID-19 in April and May of this year, on weekends I would venture out of my apartment in Manhattan to take a walk in Central Park. It was a very scary time, especially in April. The number of COVID-19 cases and deaths were climbing at alarming…

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DiNapoli: MTA Faces Worst Financial Crisis in its History

October 2020

ALBANY—The Metropolitan Transportation Authority is facing the greatest crisis in its long history, with few viable options without federal funding to avoid cuts in service and staff, additional fare hikes and long-lasting damage that could impair regional transit for decades, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s finances…

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Target Signs 130,000 SF Lease at Cross County in Yonkers

October 2020

YONKERS—In a major retail lease deal in the midst of the COVID-19 pandemic, discount retailer Target has signed a long-term lease for more than 130,000 square feet to occupy a major portion of the former Sears store at the Cross County center here. In addition, shopping center owner Marx Realty also announced that retailer H&M…

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Broker Says New York City Has ‘Grit and Will Come Back

October 2020

WHITE PLAINS—Recognizing the health, social and safety issues facing New York City at the moment that have led to an exodus by some residents to the suburbs, a panel of New York City and Westchester County real estate brokerage executives expressed confidence that the residential sales market in Manhattan will recover sooner rather than later…

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HG Realtor Foundation Volunteers Provide Landscaping And Outdoor Painting at Green Chimneys in Brewster

October 2020

BREWSTER—Wearing masks and gloves, a small group of Realtors from the Hudson Gateway Realtor Foundation recently volunteered their time to do some landscaping and painting work outside at Green Chimneys in Brewster. Founded in 1947, Green Chimneys is a multi-faceted nonprofit organization that helps young people maximize their full potential by providing residential, educational, clinical…

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Governor Imposes New Restrictions on COVID Hot Zones In Rockland, Orange Counties, Brooklyn and Upstate

October 2020

ALBANY—Gov. Andrew Cuomo in response to significant spikes in new COVID-19 cases in sections of Rockland and Orange counties, Brooklyn, Queens and upstate Broome County, imposed restrictions including school and non-essential business closures, as well as limits on gatherings and dining. The new “Cluster Action Initiative” announced on Oct. 6 classified the Town of Palm…

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Westchester IDA Grants Preliminary Approvals For Renovations of Affordable Housing Projects

October 2020

WHITE PLAINS—The Westchester County Industrial Development Agency recently granted preliminary approval of $912,062 in financial incentives for the renovation of two affordable housing developments in Mount Vernon and Tarrytown. The two projects comprise a total of 250 units of affordable housing. The IDA Board gave preliminary approval of $653,672 of financial incentives and $27.5 million…

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Breaking News: HGAR’s Dorothy Botsoe Named NYSAR Realtor of the Year

October 2020

ALBANY—The New York State Association of Realtors announced today at its 2020 Virtual Fall Business Meetings that veteran Westchester Realtor Dorothy Botsoe, Broker/Owner of Dorothy Jensen Realty, Inc. of White Plains, has been named NYSAR 2020 Realtor of the Year. Botsoe, who has more than 30 years real estate experience, made history three years ago…

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MacQuesten Cuts Ribbon on $95M Affordable Housing Project

September 2020

MOUNT VERNON—Lieutenant Governor Kathy Hochul joined MacQuesten Development LLC Founder and CEO Rella Fogliano and other city, county and state leaders at a ribbon cutting ceremony to celebrate the opening of “22 South West” on Tuesday, Sept. 29th. The $95-million mixed-use/mixed income project features 4,200 square feet of street level retail/office space along with 189…

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Houlihan Lawrence Announces New Executive Leadership Team

September 2020

RYE BROOK — Houlihan Lawrence, formally announced on Sept. 30 that its current president, Liz Nunan, has also assumed the role of Chief Executive Officer of the 1,300-agent firm. The residential brokerage firm has also welcomed John Canniffe, who recently served as the head of the Residential Listing Service at REBNY, as Chief Operating Officer.…

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Hudson Gateway Association of Realtors Officially Concludes Merger Deal with Bronx-Manhattan North Assoc. of Realtors

September 2020

NEW YORK—At a press conference staged outside the Castle Hill YMCA today, officials with the Hudson Gateway Association of Realtors and the Bronx-Manhattan North Association of Realtors celebrated the official merger of the two organizations. Eliezer Rodriguez, CEO of the former BMNAR, officiated the festivities that included speeches by a host of Bronx dignitaries, HGAR…

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Rand Realty Forms Partnership with Howard Hanna Realty

September 2020

NANUET—One of the largest residential brokerage firms in the Hudson Valley region has formed a new partnership with Howard Hanna Real Estate Services that significantly expands Howard Hanna Real Estate’s presence in Downstate New York State. The deal was announced today by Marsha Rand, founder and President of Rand Realty, and Helen Hanna Casey, CEO…

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State Comptroller Puts Westchester County on Fiscal ‘Significant Stress’ List

September 2020

ALBANY—New York State Comptroller Thomas P. DiNapoli released his fiscal stress list for 2019 and unfortunately, the Hudson Valley was well represented. On the State Comptroller’s “Significant (Fiscal) Stress” list in the New York metro area were Westchester County, Poughkeepsie in Dutchess County, Suffolk County and Long Beach in Nassau County. Other locations on the…

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Dinosaurs Coming to Wallkill?

September 2020

WALLKILL—A firm that is looking to develop and operate a Dinosaur theme park here just off Route 17 in Fair Oaks has filed applications with the Town of Wallkill and the Orange County Planning Department, Real Estate In-Depth has learned. Orange County Executive Steve Neuhaus and Town of Wallkill Supervisor Frank DenDanto confirmed that Orange…

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NYC Investment Firm Lands $107M Loan to Acquire Norwalk, CT Multifamily

September 2020

NORWALK, CT—New York City-based Invictus Real Estate Partners has secured acquisition financing totaling $107.25 million for its purchase of The Waypointe multifamily property here. JLL Capital Markets arranged the financing through Freddie Mac and worked on behalf of the borrower. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo…

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Hudson Valley Unemployment Rate Falls to 10.5% in August

September 2020

ALBANY—The New York State Department of Labor released on Sept. 22 preliminary local area unemployment rates for August 2020. Both the statewide and Hudson Valley unemployment rates fell more than 3% respectively. From August 2019 to August 2020, the state’s private sector employment count decreased by 1,096,900. The state’s seasonally adjusted unemployment rate decreased from…

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