WASHINGTON— Existing-home sales crept forward in January to the highest annual rate in six months, and subpar supply levels propelled price growth to the fastest increase since last April, according to the National Association of Realtors. The West was the only region to see a decline in sales in January. The Northeast enjoyed nearly a…
Read MoreWHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. On Wednesday, March 2, a plan to build a $230-million Ambulatory Care Pavilion adjacent to the existing Westchester Medical Center was approved by the Westchester County Local Development Corp. It is the LDC’s largest deal since its official formation in April 2013. The…
Read MoreCHAPPAQUA—A storyline that included a bankruptcy that changed everything, false hopes, staunch opposition, failed votes, litigation and in the end finally compromise ended with the groundbreaking of the controversial Chappaqua Crossing mixed-use project here. The approval process took 11 years to finish to get to the point where shovels went in the ground earlier this…
Read MoreNew York Gov. Andrew Cuomo has launched a new Fair Housing Enforcement Program. The goal is to root out discrimination in both home sale transactions and in rentals. The governor cited 123 housing complaints that have been resolved that resulted from violations pertaining to protected classes. The protected classes wherein the alleged violations occurred were…
Read MoreWHITE PLAINS—The impressive growth of the health care sector in Westchester County and the surrounding Hudson Valley continues. Last week, a host of political and business dignitaries were on hand for the official opening of the expanded Center for Cancer Care facility at White Plains Hospital. Chief hospital officials, along with cancer survivor and White…
Read MoreTARRYTOWN—The multi-family construction boom, which has been going on in earnest in many U.S. gateway cities, such as New York City, Boston, Washington, DC, and San Francisco to name a few, is finally hitting the suburbs and major cities in Westchester County are now beginning to take advantage of the investment community’s attraction to rental…
Read MoreCARMEL—The Putnam Economic Development Corp. announced earlier this month that it had elected Joseph D. Roberto, president and CEO of PCSB Bank (formerly Putnam County Savings Bank), as its board’s new chairman. In addition, James Bates, Cathy Cassidy, James Copeland, Alana Mikhalevsky and Richard Weiss have joined the board, the PEDC announced. “Joe Roberto has…
Read MoreYONKERS—After a bid to implement a Public-Private Partnership structure to help finance a nearly $2-billion capital program failed some years back, the City of Yonkers is now looking to fund the much needed improvements to its aging school system via more conventional funding methods. The City of Yonkers and the Yonkers Public Schools announced on…
Read MoreGOSHEN—Construction work is now expected to begin in earnest very shortly on the redevelopment of the shuttered Orange County Government Center here. Orange County Executive Steve Neuhaus signed off on more than $52.2 million in contracts for the project. All winning bidders were the low bids for their respective work and will perform their services…
Read MoreNANUET—Better Homes and Gardens Rand Realty announced on Jan. 27 that its home office has moved from 10 Schriever Lane in New City to 95 South Middletown Road in Nanuet. “Our new headquarters brings together all of our real estate support teams, along with our affiliated mortgage, title, and insurance processing teams from Hudson United,”…
Read MoreNEW ROCHELLE—It appears that a major development proposal—the first project to come before the city since a far-reaching rezoning of the downtown district was approved by the City Council in December—will come before the city in the near future. While details are sketchy, a mixed-use high-rise development project is in the works in Downtown New…
Read MoreNEW CITY—In his 2016 State of the County address delivered on Feb. 16, Rockland County Executive Ed Day drove home the progress that has been made since his administration took office when the county was on the brink of financial default. "Because of our ability to make difficult choices, we have overcome complicated problems with…
Read MoreMAMARONECK—Houzz Inc., the leading platform for home renovation and design, recently announced its selections for Best Of Houzz 2016 in North America, a homeowner-to-homeowner guide to the top home builders, architects, interior designers, landscape pros and other residential remodeling professionals on Houzz from cabinetry or roofing pros to painters. Murphy Brothers Contracting of Mamaroneck was…
Read MoreWHITE PLAINS—The ownership of 7 Renaissance Square, a 65,600-square-foot building that is part of the Ritz-Carlton, Westchester complex in Downtown White Plains is under contract to be sold. The building ownership—a joint venture partnership of SL Green Realty and Renaissance Partners, LLC— has agreed to sell the property for a gross sale price of $20.7…
Read MoreWALLKILL—While Orange County officials are still awaiting word on whether it will be selected for a $250-million Legoland amusement park, an Orange County company has purchased property down the street from the Orange Regional Medical Center here for a possible waterpark project. Published reports indicate the Devitt Management of Montgomery has purchased the 43-acre former…
Read MoreWHITE PLAINS—The multifamily sector in Westchester County is getting stronger and the development pipeline for rental units is growing as developers hope to capture Millennials seeking housing in a live-work-play environment. With major projects under construction in White Plains, such as 55 Bank St., and in Yonkers along the Hudson River waterfront, as well as…
Read MoreNEW YORK—As part of an ongoing initiative to promote Westchester County as the “smart spot for business,” Westchester County Executive Robert P. Astorino recently met with a group commercial real estate brokers in Manhattan to tout the many benefits of doing business in Westchester. “I’m here today to tell you that Westchester is open for…
Read MoreRichard Haggerty, HGAR CEO and John Dolgetta, Esq. HGAR Legal Counsel, were the guest speakers at the Women’s Council of Realtors’ first event of 2016. The breakfast meeting was held at the DoubleTree Hotel in Tarrytown on Monday, Jan. 11. Haggerty presented an overview of HGAR for the New Year, while Dolgetta provided a legal…
Read MoreTARRYTOWN—While it may not transform Westchester County into the next Silicon Valley, Research Triangle or Cambridge, MA, the more than $1-billion in planned private investment in a project known as the “North 60” may raise the county’s status considerably as a viable biotechnology research location outside of New York City. Westchester County Executive Robert Astorino…
Read MoreAccording to data from the Hudson Gateway Multiple Listing Service with a footprint of Westchester, Putnam, Rockland and Orange counties, the Putnam County housing market is trailing Orange, but leads Rockland and Westchester counties with an increase in sales up 21% during the third quarter of 2015 versus the same period in 2014. All in…
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