News

Amato of A.S.A.P. Mortgage Wins ‘Best of Westchester’ Honor

August 2016

CORTLAND MANOR—Westchester Magazine readers have designated Irene Amato, president of A.S.A.P. Mortgage Corp. in Cortlandt Manor, as Westchester’s “Best Businesswoman” of 2016. This is a new category in the annual reader-adjudicated contest. More than 12,000 members of the Westchester community placed online votes for this year’s 224 categories, including food & drink, shopping, and professional…

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Embattled Ailes Withdraws Donation for Senior Center

August 2016

CARMEL—The senior center planned for the former Butterfield Hospital site in Cold Spring is likely shelved. After a contentious meeting of the Putnam County Legislature, embattled Fox News founder and Cold Spring resident Roger Ailes took back his planned $500,000 donation for the project. The Putnam County Legislature, after some debate, reportedly unanimously tabled a…

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LEGISLATIVE AFFAIRS: Victory for Realtors as Condo Legislation is Signed Into Law

August 2016

President Obama has signed Condo legislation that was approved by both houses of the Congress, into law. This is a big victory for Realtors as well as for future buyers as purchasing a condo is often a more affordable housing option. The new law mitigates current FHA regulations surrounding existing condominium projects, including streamlining project…

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NAR Says Consumers Win With Proposed ‘Know Before You Owe’ Rule Changes

August 2016

WASHINGTON— Since the October 2015 implementation of the Consumer Financial Protection Bureau's “Know Before You Owe” mortgage initiative, Realtors have raised red flags over challenges in gaining access to the mortgage "closing disclosure" form, or CD. The CD is delivered to homebuyers in advance of their closing and contains important financial information related to their…

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Condo Reform Bill Signed Into Law

August 2016

WASHINGTON—On Friday, July 29th, President Barrack Obama signed into law H.R. 3700, the "Housing Opportunity Through Modernization Act.” The legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and was long supported by the National Association of Realtors. The U.S. Senate had approved the measure by unanimous consent on…

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Esplanade Owner Agrees to Pay More Than $528,000 to Displaced Seniors

July 2016

WHITE PLAINS—The ownership of the Esplanade Senior Residences of White Plains has agreed to pay more than $528,000 to 139 elderly residents who were allegedly forced from their homes to make way for the development of a luxury rental apartment development there. New York State Attorney General Eric T. Schneiderman announced the settlement agreement on…

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HGAR Cuts Ribbon on New Corporate Headquarters Offices

July 2016

WHITE PLAINS—The Hudson Gateway Association of Realtors, celebrating its 100th anniversary this year, opened its new offices in Downtown White Plains that the organization hopes will serve as its corporate headquarters for decades to come. On Monday, July 18th, chief officials with the Hudson Gateway Association of Realtors, including HGAR President Marcene Hedayati, HGMLS President…

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MacQuesten Companies Purchases Mount Vernon West Train Station

July 2016

MOUNT VERNON—In a deal the development firm says reaffirms and expands its investment in the economic revival of the City of Mount Vernon, the MacQuesten Companies reported recently it had purchased the Mount Vernon West station on Metro-North’s Harlem Line. While the station’s platforms are owned by Metro-North, the station building has been privately owned…

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MTA Chairman Pledges $29.5B Capital Plan Will Finally Bring System Into 21st Century

July 2016

RYE BROOK—Metropolitan Transportation Authority Chairman and CEO Thomas Prendergast admitted that the New York City mass transit system had fallen behind in terms of repairing and upgrading its infrastructure as well as implementing the latest technology to ensure the safety of its passengers. However, with a $29.5-billion five-year capital program now in place, the agency…

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Intense Demand Leads to Double-Digit Increases in Home Sales in Hudson Valley

July 2016

WHITE PLAINS—A perfect storm of market forces—strong buyer demand, low interest rates, soaring housing costs in New York City and a vibrant local economy helped propel residential home sales in the four-county market area of the Hudson Gateway Association of Realtors to a five-year high. The Hudson Gateway Multiple Listing Service, Inc. reported 4,525 residential…

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BH&G Rand Realty Opens First Bronx Office

July 2016

NEW YORK CITY—Better Homes and Gardens Rand Realty announced today the opening of its new Bronx office on East Tremont Avenue in the Throgs Neck section of the Bronx. The new office is located at 3432-06 East Tremont Ave. and concentrates on the Throgs Neck, Country Club, Pelham Bay, Morris Park, Pelham Parkway and Indian…

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Legoland Building Case for Incentives for $500M Resort in Orange County

July 2016

GOSHEN—Will the Mid-Hudson Valley region in the next few years be home to not only a $1-billion casino resort in Sullivan County, but a $500-million LEGOLAND New York theme park and resort in Orange County? The approval process that will play itself out over the next six months or so will determine whether the Town…

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Middletown Wins $10-Million Economic Development Sweepstakes

July 2016

MIDDLETOWN—Gov. Andrew Cuomo made a stop at the Paramount Theatre here on July 6th to announce that the City of Middletown had won a hotly contested $10-million state grant to help revitalize its downtown district. A host of state, county and local dignitaries were on hand for the announcement that Middletown had secured the Downtown…

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SPOTLIGHT ON: Pat Palumbo - A Starring Role in Real Estate

July 2016

Pat Palumbo may have the most memorable voice message in the entire real estate community. In fact, it will definitely catch you off guard. What you’ll hear is a personal message from international stage and screen actor Hugh Jackman, posing as her “assistant.” “It really is him,” explained Palumbo, a sales agent with Houlihan Lawrence’s…

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Rockland Sues State, Water Utility Over Desalination Plant Costs

July 2016

NEW CITY— Rockland County Executive Ed Day announced on June 27th that the county had filed a lawsuit against its water company—Suez Water New York, Inc.—and two state agencies in connection with tens of millions of dollars in costs being charged to Rockland County water ratepayers for a failed desalination plant in Haverstraw. The legal…

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HGAR Raises $17,000 for Make-A-Wish Hudson Valley

July 2016

The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, raised $17,000 for Make-A-Wish Hudson Valley at its “Red Carpet Spectacular” Gala held this spring at the Clubhouse at Patriot Hills in Stony Point. The Tarrytown-based non-profit organization grants the wishes of Hudson Valley children suffering with life-threatening medical conditions.…

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HGAR School of Real Estate Kicks Off ‘Lunch & Learn’ Series

July 2016

WHITE PLAINS—The Hudson Gateway School of Real Estate kicked off its first “Lunch & Learn” class on June 21 in White Plains, with more than 50 people attending the “Mold & Other Environmental Hazards” Class taught by Jim Rood of Lighthouse Environmental.  Lunch was provided by Hudson United Mortgage, Title and Insurance. Launched earlier this…

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Gov. Cuomo Signs East Ramapo Oversight Bill

July 2016

ALBANY—Gov. Andrew Cuomo, as expected, signed into law on June 30th a bill that will provide greater oversight of the troubled East Ramapo School District in Rockland County. The bill was passed by the Assembly and Senate on June 16 and was delivered to the governor on June 28th. Oversight legislation was passed last year…

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Putnam County Executive Odell Tells CID ‘Better Days are Ahead’

June 2016

MAHOPAC—Putnam County Executive MaryEllen Odell says the county needs to expand its commercial base by securing additional sewer capacity, and also must attract and retain Millennials, as well as encourage ongoing initiatives like “Envision Brewster” and the redevelopment of Tilly Foster Farm. Odell was the keynote speaker at the annual breakfast of the Putnam County…

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