News

New Owner of Reckson Exec. Park is George Comfort & Sons

August 2018

RYE BROOK—The mystery of who the new owner of the Reckson Executive Park here has been solved—it is New York City-based George Comfort & Sons, Inc. The suspense over the new ownership began last April when then owner SL Green Realty announced it had entered into a contract to sell the six-building, 563,596-square-foot office complex.…

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Yonkers IDA Approves Incentives for Rehab Of Apartment Building on Ashburton Avenue

August 2018

YONKERS—The Yonkers Industrial Development Agency on July 26 announced it had approved financial incentives for the rehabilitation of a seven-story apartment building at 70 Ashburton Ave. The project, which involves the complete renovation of an existing vacant apartment building, is a transformative development for this corridor of the city that creates new housing opportunities and…

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GDC Opens Gateway Townhomes; Continues Construction on Fort Hill Apartments Project

August 2018

PEEKSKILL—The revitalization of Downtown Peekskill is moving forward with a host of projects underway. On July 26, Ginsburg Development Companies joined with Peekskill Mayor Andre K. Rainey and Deputy County Executive Ken Jenkins and other city and county officials to celebrate the Grand Opening of GDC’s Gateway Townhomes development. Meanwhile, GDC has commenced construction on…

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County Launches Municipal Planning Cooperation Initiative

July 2018

WHITE PLAINS—As part of Westchester County Executive George Latimer’s ongoing initiative to keep open lines of communication between the county and local municipalities, Latimer announced on July 26 the launch of the Community Liaison initiative through the Westchester County Department of Planning. The program provides a link between the County Planning Department and local municipalities…

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Scenic Hudson Affiliate Acquires 1,178 Acres in Putnam, Dutchess Counties

July 2018

PHILIPSTOWN—An affiliate of Scenic Hudson has protected a total of 1,178 acres of land in the eastern Hudson Highlands located in Putnam and Dutchess counties. Slopeline, LLC, an affiliate of Scenic Hudson, acquired the land on July 19 for $12 million. Located in the towns of Philipstown, Putnam County, and Fishkill, Dutchess County, the property…

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Yale New Haven, Greenwich Hospital Open New Multispecialty Center in Rye Brook

July 2018

RYE BROOK—The continued growth of the health care sector continues in Westchester County. A host of local dignitaries, including Westchester County Executive George Latimer, were on hand on Monday for the ribbon cutting of the new Northeast Medical Group Multispecialty Center here. The ribbon cutting event for the new remodeled 15,000-square-foot outpatient facility at 90…

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Young Blood Making Impact on Industry

July 2018

WASHINGTON—The income and sales volume of National Association of Realtors members dropped slightly over the last year, but membership increased as younger members continue to enter the industry, according to the 2018 National Association of Realtors Member Profile released recently. This past year, there was a rise in new members from 1.22 million in March…

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HGAR Staff Dish Cooking, Poetry, Humor and International Intrigue in New Books

July 2018

WHITE PLAINS—While their respective talents and expertise are much different, four staff members—Leon Cameron, Mary Prenon, Emily Jackson and Lisa Andrade—have one thing in common they can each put on their resumes—Author. The four HGAR staff professionals have authored books that showcase their individual talents and passions outside of their roles at HGAR. The publications…

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NAR Applauds Introduction of Net Neutrality Bill

July 2018

WASHINGTON—The National Association of Realtors has commended US Rep. Mike Coffman for his introduction of the 21st Century Internet Act. Rep. Coffman’s bill comes in response to the Federal Communications Commission’s 2017 decision to dismantle net neutrality regulations, with the legislation ensuring that Internet Service Providers, or ISPs, cannot block or throttle online content or…

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Foreign Investment in U.S. Commercial Real Estate Remains Strong

July 2018

WASHINGTON—Nearly one-fifth of Realtors practicing in commercial real estate closed a sale with an international client in 2017, and 35% said they have experienced an increase in the number of international clients in the past five years, according to a report released recently by the National Association of Realtors. NAR’s 2018 Commercial Real Estate International…

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Orange County Partnership Hires Two Economic Development Professionals

July 2018

GOSHEN—The Orange County Partnership reported recently that Lindsay Newler has joined the economic development organization as the Director of Business Attraction and Kaitlynn Perez is now serving as its Economic Development Specialist. Newler graduated from Indiana University with a major in Telecommunications and concentrations in industry and management and media and society. Later, she embarked…

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The Fight to Ensure Fair Housing Must Continue

July 2018

TARRYTOWN—Approximately 150 Realtors and affiliated real estate professionals gathered at the DoubleTree Hotel in Tarrytown on July 12 to celebrate the 50th anniversary of the Fair Housing Act and to hear housing advocates press the point that while significant progress has been made, much work needs to be done to ensure fair housing for all.…

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Hatton Joins HGAR as Director Of Professional Development

July 2018

WHITE PLAINS—The Hudson Gateway Association of Realtors announced recently that Theresa Hatton has been named to the new position of Director of Professional Development and Industry Relations. HGAR Chief Executive Officer Richard Haggerty made the announcement of Hatton’s hire. Haggerty noted that Hatton, in addition to coordinating HGAR’s Education Department efforts, will also be involved…

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State Judge Overturns New Title Insurance Marketing Regulations

July 2018

NEW YORK—Representatives of the title insurance and closing industries hailed a recent ruling by New York State Supreme Court Judge Eileen A. Rakower that turned aside recently enacted state regulations aimed at curtailing what the state termed as excessive marketing costs and other unscrupulous activity in the title industry. The ruling handed down on July…

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Second Quarter Home Sales Lower in Most Hudson Valley Markets

July 2018

WHITE PLAINS—Second quarter home sales figures in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service Inc. appear to be following a patten of deja vu in terms of price appreciation and constricting inventory. In most areas of the region the median sales price for a single-family residential home increased by…

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Growing Stewart Airport Gets New Name

July 2018

ALBANY— New York Gov. Andrew M. Cuomo announced on June 29th what he termed as the beginning of a new era for Stewart International Airport in New Windsor with its official name change to “New York Stewart International Airport.” The governor said the formal adoption of its new name builds on the airport's significant growth…

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Rockland County’s Financial Recovery Hits Key Milestone

July 2018

NEW CITY—In four years, Rockland County government has gone from having approximately $42,000 in the bank and $138 million in debt, to being in the black with a fund balance of more than $6 million. Rockland County Executive Ed Day announced the positive budgetary news relating to the county’s just released Comprehensive Annual Financial Report…

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