YONKERS—In a span of less than a week, New York City-based investment firm AMS Acquisitions LLC acquired two major downtown parcels here that could bring significant new development to the district and adjacent waterfront. AMS Acquisitions LLC, which earlier this month acquired the Chicken Island property from the City of Yonkers, announced on Nov. 9…
Read MoreELMSFORD, NY -- Hudson United Mortgage Services, LLC, a full-service mortgage banker/broker licensed in New York, New Jersey, Connecticut, and Florida, is growing its footprint in Westchester County with the opening of a new office at 570 Taxter Road in Elmsford. The firm also reported it has brought on Donald Arace, a veteran of the…
Read MoreRHINEBECK—H.H. Hill Realty Services Inc., a prominent boutique firm with deep roots in Rhinebeck, has recently joined Houlihan Lawrence’s Hudson Valley brokerage team. H.H. Hill, which has a vintage, family-owned office on Montgomery Street in the heart of the Village of Rhinebeck, has six agents who specialize in the sale and purchase of Hudson River…
Read MoreNEW YORK—While the online retailing giant has yet to announce its intentions, multiple press reports state that Amazon has decided to split its highly sought after HQ2 requirement or its second corporate headquarters to two locations and the finalists are: Long Island City, Queens; Crystal City, VA and Dallas. The Seattle-based company last year announced…
Read MoreYONKERS, NY—Former City of Yonkers Mayor Angelo Martinelli, the longest serving mayor in the city’s history, passed away peacefully at his home on Oct. 27 at the age of 91. Martinelli served as Mayor of Yonkers from 1974 to 1979, and from 1982-1987. The mayor’s passing was first reported by the Office of Yonkers Mayor…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation will return to the Westchester Hills Golf Club in White Plains for its 2018 Holiday Party on Thursday, Nov. 29 from 6:00 p.m. to 9:30 p.m. The event will include a one-hour open bar, appetizers, buffet dinner, DJ and dancing. In addition, attendees will have the chance to win…
Read MoreTARRYTOWN—A record crowd of approximately 1,500 members and affiliates attended the 102nd Annual Meeting and Member’s Day of the Hudson Gateway Association of Realtors held on Oct. 29 at the Doubletree Hotel in Tarrytown. During the association business portion of the program, HGAR membership elected the 2019 slate of HGAR directors that will be headed…
Read MoreWASHINGTON—Single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices are holding back first-time buyers despite notable interest in buying a home. These factoids were part of the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers report released on Oct.…
Read MoreOn Monday, Oct. 29th the Westchester County Board of Legislators finally held a public hearing on the co-op disclosure bill. Realtor members of the Hudson Gateway Association of Realtors spoke in favor of the compromise bill. The bill calls for a 15-day time period in which a board must notify an applicant they received the…
Read MoreRYE BROOK—Houlihan Lawrence released a report on Oct. 18 that examined in depth the impacts of the Great Recession on the housing market in Westchester County, the Hudson Valley and Fairfield County, CT. In the introduction to its overall findings, Houlihan Lawrence described how the Great Recession changed the New York City suburban real estate…
Read MoreWASHINGTON—U.S. existing-home sales declined more than 3% in September after a month of stagnation in August, according to the National Association of Realtors. All four major regions saw no gain in sales activity in September. Existing sales in the Northeast fell nearly 3% in September as compared to September 2017. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which…
Read MoreHARRISON—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…
Read MoreNEW 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…
Read MoreWHITE 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…
Read MoreNEW 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…
Read MoreThe 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?…
Read MoreAnyone 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…
Read MoreThe 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…
Read MoreEditor’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…
Read MoreELMSFORD—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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