News

RXR Begins $190M Mixed-Use Project in Downtown Yonkers

December 2016

YONKERS—Marking the firm’s second major groundbreaking of late in Westchester County, developer RXR Realty and partner Rising Development joined Yonkers Mayor Mike Spano and city officials on Dec. 14th to officially begin construction on its $190-million Larkin Plaza mixed-use development project. The Larkin Plaza project, among the largest private developments in downtown Yonkers in some…

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Wegmans Announces Plans To Build Harrison Store

December 2016

HARRISON—Wegmans Food Markets, Inc. has confirmed that the family-owned supermarket chain has signed a purchase agreement with Normandy Real Estate Partners for a 20-acre parcel of land, located at 106-110 Corporate Park Drive in Harrison to build a new store. “We look forward to the day when we can welcome customers into our Harrison store…

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Governor Cuomo Doubles Down On Life Sciences Sector Growth

December 2016

ALBANY—New York Gov. Andrew M. Cuomo announced on Dec. 12 what he terms a groundbreaking new $650-million initiative to spur the growth of a new, world-class life science research cluster in New York, as well as expand the state’s ability to commercialize this research and grow the economy. The multi-faceted initiative includes $250 million in…

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New Tappan Zee Bridge to Open on Time in 2018

December 2016

TARRYTOWN—At a topping off ceremony for the new span’s eight towers, state officials announced that the new Tappan Zee Bridge (also known as the New NY Bridge) will open for traffic in 2018 and will be completed on budget at $3.98 billion. A host of political, business and construction trade officials gathered at the project…

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Westchester IDA, LDC Generated $604M in Private Investment in 2016

December 2016

WHITE PLAINS—Westchester County Executive Robert P. Astorino announced earlier this moth that projects supported by the Westchester County Industrial Development Agency and Local Development Corporation in 2016 totaled $604 million in private investment. The 13 IDA and LDC projects created or retained approximately 2,179 permanent and construction jobs. The year-end results were announced at the…

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Veterinary Neurologist Acquires Brewster Commercial Space

December 2016

BREWSTER—Steven Salomone of Houlihan Lawrence Commercial Group reported the brokerage firm recently closed on a commercial real estate sales transaction here valued at $2.49 million. A veterinary neurologist and primary care specialist plans to repurpose an existing 29,000-square-foot former software distribution center and warehouse at 4 Hardscrabble Heights as a new specialty care center for…

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Professional Soccer Team Building Training Facility in Orangeburg

December 2016

ORANGEBURG—Construction has begun on a training facility for the MLS professional soccer team the New York City Football Club (New York City FC) on a 17-acre site here. Construction commenced on The City Football Academy in the fall and is expected to be completed in early 2018. The plans originally announced in October consist of…

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Statewide Abstract Introduces ‘TrackerPro’

December 2016

WHITE PLAINS—Statewide Abstract, the largest family owned title agency in Westchester County, announced recently the implementation of TrackerPro, a multifaceted software application that will fully streamline the title insurance process for clients. “TrackerPro will provide Statewide Abstract clients with a highly efficient and responsive way to stay abreast of their title’s status at all times,”…

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Commercial/Multifamily Delinquencies Remain Low, CMBS Up Slightly

December 2016

WASHINGTON—Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2016, according to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report. "Commercial and multifamily mortgage delinquencies were once again quite low in the third quarter, because of the continued strength in the market fundamentals," said Jamie Woodwell, MBA's Vice President of…

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Mid-Hudson Region Secures $83M in State Grant Funds

December 2016

Legoland Project Awarded $3 Million  ALBANY—The Mid-Hudson Valley region came out the big winner in this year’s Consolidated Funding Awards, netting $83.3 million in state aid that will support 105 economic development/infrastructure projects in the seven-county region. In an announcement on Dec. 9, Gov. Andrew Cuomo awarded a total of $716.9 million in CFA funding…

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GATEWAY PERSPECTIVES: In the Blink of an Eye

December 2016

Just one year ago I wrote an article for this publication about 2016 being the 20th year anniversary of Real Estate In-Depth, as well as the 100th anniversary of the Hudson Gateway Association of Realtors, which was established in 1916. Boy did this year go by quickly! We certainly did celebrate, starting with a gala…

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SPOTLIGHT ON: HGAR Affiliate of the Year JoAnne Murray

December 2016

JoAnne Murray, president of the Allan M. Block Agency, Inc. in Tarrytown, had no idea that she was going to be honored as the HGAR “Affiliate Member of the Year” at the Annual Meeting and Member Appreciation Day in October. “When I heard my name called, I was so shocked that I just sat there…

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Westchester Hopes Fair Housing Case Winding Down

December 2016

Astorino Welcomes Carson as HUD Secretary WHITE PLAINS—In an exclusive interview, Westchester County Executive Robert Astorino told Real Estate In-Depth that the county fully expects to meet its court-mandate to have 750 affordable housing units either built or approved by the end of this month. County Executive Astorino also said that the election of Republication…

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Report: Demographic Shifts, Consumer Demand Will Keep U.S. Suburbs Thriving

December 2016

WASHINGTON—Suburban housing markets across the United States are evolving rapidly and overall remain well-positioned to maintain their relevance in the years ahead as the places where most Americans live and work, even as many urban cores and downtown neighborhoods continue to attract new residents and businesses, according to a new publication from the Urban Land…

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PUTNAM POSTING: Small Business Development Center Returns to Putnam County

December 2016

After more than a decade’s absence, the New York State Small Business Development Center has returned to Putnam County with a satellite office alongside the Greater Mahopac-Carmel Chamber of Commerce in the Tompkins Community Center, 953 S. Lake Blvd., in Mahopac. "Over 90% of the companies that operate out of Putnam County are small businesses,"…

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HG Realtor Foundation Presents Checks To Rockland, Orange County Charities

December 2016

WHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented donations checks to three local charities—People to People in Nanuet and the Hi-Tor Animal Care Center in Pomona in Rockland County and the Habitat for Humanity of Greater Newburgh, Inc. in Orange County. People to People, which…

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HGAR to Hold ‘We are the World’ 2017 Installation Gala on Jan. 19

December 2016

TARRYTOWN—The Hudson Gateway Association of Realtors will present its “We are the World” 2017 Installation Gala on Thursday, Jan. 19 from 6 p.m. to 10 p.m. at Abigail Kirsch at Tappan Hill Mansion in Tarrytown. Dorothy Botsoe of Dorothy Jensen Realty, Inc., in White Plains, will be installed as the 2017 HGAR President and Renee…

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Hudson River Waterfront Alliance Releases Key Findings in Barge Anchorage Study

December 2016

YONKERS—Yonkers Mayor Mike Spano reconvened the Hudson River Waterfront Alliance at the Yonkers Waterfront Esplanade on Dec. 1 to announce the alliance’s maritime counsel and expert findings regarding the proposal by the Maritime Association of the Port of New York/New Jersey Tug and Barge Committee for 43 additional barge anchorages along the Hudson River from…

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