News

Can City of White Plains and French American School Settle on a Plan?

September 2016

WHITE PLAINS—The controversial French American School of New York development at the former Ridgeway Country Club in White Plains has taken a dramatic turn. The White Plains Common Council in a 4-3 vote approved a settlement agreement on Sept. 6th that puts litigation on hold in return for the council’s review of a revised plan.…

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‘Expired Listings’ Make for ‘Havoc-on-the Hudson’

September 2016

Realtors typically spend a lot of time writing; albeit much of that prose is spent on disclosure forms, e-mails, offers and counter offers. However, at least two Hudson Valley Realtors have taken their experiences to new levels, penning their own novels about life in the fast lane and meshing reality with fiction for some interesting…

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HGAR to Hold Annual Members Day on Oct. 17

September 2016

ABC News’ Dan Harris Keynote Speaker TARRYTOWN—Members of the Hudson Gateway Association of Realtors will gather at the DoubleTree Hotel in Tarrytown for its 100th Annual Meeting and Member Appreciation Day on Monday, Oct. 17, from 8:30 a.m. to 5:00 p.m. The event is free for HGAR Members, and is expected to draw more than…

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$1B Dover Energy Project Gets Major Investment Funding

August 2016

DOVER, NY—The long-delayed Cricket Valley electric generating plant to be built in Dutchess County has secured a major investment from funds managed by New York City-based BlackRock. Also, a chief executive with the developer of the $1-billion project in Dover said the firm hopes to close on financing for the energy project in the fourth…

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LEGISLATIVE AFFAIRS: 421-a Gets New Life

August 2016

421-a is a concession for multi-family residential buildings in New York City that allows developers to obtain a tax abatement in order to create affordable housing. The abatement freezes taxes for many years in exchange for additional inventory at below market rate rentals. Critics contend the program does not really provide an adequate number of…

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Chicken Island Brewing on Tap For Yonkers Waterfront Property

August 2016

YONKERS—J. Philip Commercial Group Brokerage of Westchester County announced earlier this month the completed sale of 72 Alexander St. in the City of Yonkers for $1.25 million. The Fondak Family, new owners of the property, plan to convert the more than 10,000-square-foot industrial warehouse facility into a beer distribution center and taphouse tasting room. With…

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NYC Investment Group Acquires Mid Hudson Center in Poughkeepsie

August 2016

POUGHKEEPSIE—A major shopping center on Route 9 here has changed hands. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented the seller in the sale of the Mid Hudson Center in Poughkeepsie for $27.5 million. The team was also responsible for procuring the buyer, TFS Investment Group, directed by Avrohom Schlaff…

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Major Resort Developments to Provide Significant Economic Boost to Region

August 2016

Tourism has always been a staple of the Hudson Valley economy. However, two major resort projects are expected to be game-changers for not only the tourism and lodging sectors, but for the regional economy as a whole. The Hudson Valley, already a major tourist destination, could soon become home to two major resort destinations. At…

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Health Care, Education Sectors Creating Thousands of New Jobs

August 2016

The health care and education sectors have been key drivers of new jobs in the Hudson Valley region the past few years and all indications are that they will continue to fuel economic growth in the years to come. The health care industry, particularly, has been especially active with major investments and partnerships undertaken recently…

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Hudson Valley Seeing Strong Sales Activity Throughout Region

August 2016

As reported in HGAR’s 2016 second quarter residential real estate sales report, the Hudson Valley continues to experience increased sales volume. This long awaited market condition has produced a five-year high of second quarter sales reaching an overall 23% increase in closings over the same period in 2015. Putnam County, at 32%, had the largest…

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Opposition Mounts to Coast Guard Hudson River Barge Plan

August 2016

RYE BROOK– The Business Council of Westchester became the latest organization to decry a U.S. Coast Guard proposal to locate new anchorages for commercial vessels along the Hudson River. The U.S. Coast Guard is considering the adoption of a new rule that would establish new anchorage grounds for commercial vessels along the Hudson River at…

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PRESIDENT’S CORNER: Visible Benefits

August 2016

In speaking with many of our members over the years, I have always been perturbed by the fact that many of us forget or are unaware that HGAR offers more tools to its members than simply our Multiple Listing Service. Don’t misunderstand me, our MLS is vital and often central to our ability as real…

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Kiryas Joel Looks to Form Town of North Monroe

August 2016

KIRYAS JOEL—Representatives of the Village of Kiryas Joel announced a plan earlier this week to begin a petition drive that would seek to have the Orange County Legislature approve the formation of the new Town of North Monroe, which would consist of the existing Kiryas Joel community and reportedly an additional 382 acres outside of…

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Orange County Trust Changes Name Promises Further Growth in Region

August 2016

MIDDLETOWN—Orange County Trust Company announced recently it changed its name to Orange Bank & Trust Company. With the new name change and signage comes word from bank officials that the bank plans to continue to grow its operations in the region. The name change supports the bank’s strategic plan to remain independent, position itself for…

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Debunking the Myth that Millennials Hate the Suburbs

August 2016

WHITE PLAINS—The popular lore for some time among many real estate professionals and most media pundits is that Millennials are shunning the suburbs and instead are flocking to major cities in search of collaborative office space and rental housing in a “24-7 live-work environment.” A report appropriately entitled “Myth Buster: Young Americans Do Like The…

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PUTNAM POSTING: Preserving and Promoting Putnam County’s Small Business Base

August 2016

The Business Council of Westchester’s Third Quarter 2016 edition of 914INC. magazine has an editorial entitled “Big Ideas From Small Businesses” and a special feature saluting small business in Westchester County. 914INC. Executive Editor Amy Partridge spelled out the reasons for featuring these businesses, and stressed the importance of small businesses in our daily lives,…

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GATEWAY PERSPECTIVES: A Legacy to Remember

August 2016

First, a disclaimer, I am blatantly biased as I write this month’s article. I have been a huge fan of HGAR’s Legal Counsel Edward I. Sumber for more than three decades. In my opinion Ed has been one of the most effective and knowledgeable association legal counsels in the country, and he has earned the…

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Better Homes and Gardens Rand Realty Voted Top Real Estate Agency in the Hudson Valley

August 2016

NANUET—Better Homes and Gardens Rand Realty has announced it was awarded the Middletown Times Herald-Record’s Readers’ Choice Award for top real-estate agency in the Hudson Valley. “We’re honored to be given this recognition by one of the region’s top publications,” said Joseph Rand, managing partner of Better Homes and Gardens Rand Realty. “The Hudson Valley…

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