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Rockland County Investment Firm Proposes $175M Project to Revitalize Downtown Spring Valley

October 18, 2017

SPRING VALLEY—Rockland County-based investment firm Concord Capital NY reported on Oct. 16th that it is seeking approvals to build a $175-million transit oriented development in Downtown Spring Valley. The project, which the firm states will be modeled after successful redevelopment initiatives in Downtown Yonkers, New Rochelle and in TOD-oriented locations on Long Island, calls for…

County Executive Odell Unveils $155M Putnam County Budget

October 13, 2017

MAHOPAC—Putnam County Executive MaryEllen Odell presented the $155.3-million proposed 2018 county budget to the Putnam County Legislature at the Putnam County Golf Course on Oct. 6. The proposed budget, which is within the New York State imposed tax cap, calls for a net increase of $2.3 million over the 2017 adopted budget, which reflects a…

Local Keller Williams Agents Travel to Texas To Help Victims of Hurricane Harvey

October 12, 2017

In place of its annual conference in Austin, TX this year, Keller Williams reached out to its agents across the nation to volunteer to help their fellow Keller Williams agents and local families affected by the ravaging floods from Hurricane Harvey. In late August, the Category 4 hurricane ripped through the southern Texas coast with…

Astorino, Latimer Take Off the Gloves at First Debate

October 11, 2017

WHITE PLAINS—While the contest was nowhere near an all out brawl, Republican incumbent Westchester County Executive Robert Astorino and Democratic challenger New York State Senator George Latimer did take some verbal jabs at one another in a fiery first debate held on Tuesday evening at SL Green Realty’s Reckson Metro Center at 360 Hamilton Ave.…

Hudson Valley Home Sales, Prices Remain Strong; Inventory Continues to Fall

October 11, 2017

WHITE PLAINS—Real estate sales continued at a brisk pace in the lower Hudson Valley region, albeit at a slightly slower pace as the year has progressed, according to the “Third Quarter Residential Real Estate Report for Westchester, Putnam, Rockland and Orange Counties, New York” released by the Hudson Gateway Multiple Listing Service, Inc. With the…

HG Realtor Foundation Raises Nearly $27,000 For Make-A-Wish H.V. at Masquerade Ball Gala

October 6, 2017

CENTRAL VALLEY—The Hudson Gateway Realtor Foundation, a division of the Hudson Gateway Association of Realtors, raised approximately $27,000 for Make-A-Wish Hudson Valley at its “Black & White Masquerade Ball” held recently at the Falkirk Estate and Country Club in Central Valley. The Sept. 28th event marked the 20th anniversary of the association’s support of the…

NYC Real Estate Summit Provides Perspective, Insights Into Global Real Estate Market

October 5, 2017

NEW YORK—More than 400 real estate professionals gathered at the New York Marriott Marquis Hotel here on Oct. 2 to attend a daylong summit that offered the latest trends, opportunities and data points on the global real estate market from more than 25 industry movers and shakers from around the world. The 11th Global Real…

State Comptroller Lists Westchester, Yonkers and Others as Under ‘Moderate Fiscal Stress’

October 5, 2017

ALBANY—New York State Comptroller Thomas P. DiNapoli’s recently designated 27 municipalities across the state as fiscally stressed, including Westchester County and a number of municipalities in the Hudson Valley region. The list released on Sept. 27th included eight counties, eight cities and 11 towns, but marks the fewest number of municipalities listed in stress since…

Ridge Hill Shopping Center to be Acquired By Australian Real Estate Investment Firm

October 4, 2017

YONKERS—Forest City Enterprises is completing two major sale transactions that will for the most part signal its exit from the retail real estate market. Forest City is selling its interest in a host of regional malls and shopping centers, including the highly successful Ridge Hill Shopping Center in Yonkers it opened in 2011. QIC Global…

NAR, HGAR Say Tax Reform Plan Would Have Chilling Effect on Homeownership, Home Values

September 28, 2017

WASHINGTON— The “Big 6” tax reform proposal if enacted, could lead to a tax on homeownership for millions, according to the National Association of Realtors. President Donald Trump and Congressional Republican leadership, dubbed the “Big 6,” released its framework for tax reform on Sept. 27th that calls for changes to the current tax code that…

NAR Survey: Home Buyers and Sellers Gaining Confidence

September 27, 2017

WASHINGTON —Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances. NAR’s…

Fordham R.E. Institute Announces New Master’s Degree in Real Estate

September 27, 2017

NEW YORK– The Fordham Real Estate Institute at Lincoln Center announced earlier this month it is now accepting applications for its inaugural Master of Science in Real Estate (MSRE) class starting in January 2018. The 36-credit graduate degree, which can be completed in as little as one year, builds on the success of REI’s seven…

NYC Receives More Than Two Dozen Proposals For Massive Amazon Second HQ Requirement

September 27, 2017

NEW YORK—As expected, New York City will submit a sweeping proposal to land Amazon’s second headquarters requirement. City officials announced on Sept. 27th that the city has thus far received more than two-dozen proposals for possible locations for Amazon’s second headquarters. Collectively, the proposals total more than 50 million square feet of commercial space across…

Westchester County Enters Amazon Sweepstakes Vying for E-Commerce Giant’s Second Headquarters

September 27, 2017

WHITE PLAINS—Westchester County has entered a contest that promises a huge payout—thousands of high paying, new jobs and billions of dollars in investment. Westchester County Executive Robert Astorino announced on Sept. 26th that the county would be submitting a proposal to Amazon for the e-commerce giant’s second corporate headquarters, a deal that could bring 50,000…

In Memoriam: Robert P. Morini

September 26, 2017

WHITE PLAINS—The Hudson Gateway Association of Realtors regrets to inform its membership of the passing of longtime Realtor and real estate executive Robert P. Morini of Carmel, who passed away on Sept. 24th at the age of 63 surrounded by his family. He was the owner of Harvest Country Properties and was a principal broker…

Century 21 Full Service Relocates To New Location in New City

September 25, 2017

NEW CITY—Century 21 Full Service Realty reported recently it has relocated its brokerage operations to larger space at 53 South Main St. in New City. According to Vesna Kanacki, Broker of Record, the move was necessary to provide a superior business environment for present and future associates and its staff. She said the new office…

Amazon Conducting Search for Second $5B HQ; Makes Major Investments in New York City

September 25, 2017

NEW YORK CITY—E-commerce giant Amazon has certainly garnered headlines of late for its massive real estate requirements. Earlier this month, the Seattle-based retailer announced it would be conducting a national search for a second U.S. corporate headquarters valued at approximately $5 billion. While the heady requirement has economic development officials across New York State and…

Forest City Sells Interest in 12 Retail Properties in NYC in $1-Billion Deal

September 20, 2017

NEW YORK—The ownership at 12 specialty retail properties in the New York metro area totaling more than 2 million square feet of retail space will be changing by year’s-end. Forest City Realty Trust has signed an agreement to sell its 51% stake in 12 specialty retail properties in the New York City area to partner…

NAR Study Says Student Debt Significantly Delays Millennial Homeownership

September 20, 2017

WASHINGTON—Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying, according to a recently released study on student loan debt and…

Century 21 Haviland of Pleasantville Merges with ERA Insite Realty

September 20, 2017

PLEASANTVILLE—ERA Insite Realty Services, with offices in White Plains, Bronxville and Mount Pleasant, announced a merger deal on Sept. 18th with Century 21 Haviland in Pleasantville. The merger was announced by Louis and Debra Budetti, founders and owners of ERA Insite Realty Services, which is headquartered in White Plains. The merger comes on the heels…