News

RE/MAX Distinguished Homes Opens New Office

May 2019

RE/MAX Distinguished Homes & Properties celebrated the grand opening of its new location in Tuckahoe at 273 Columbus Ave. on May 8th. Eric Stein, and Al Posillico, Broker/Owners, along with the Mayor of Tuckahoe Greg Luisi, co-president of the Eastchester Tuckahoe Chamber of Commerce Juan Gonzalez, Miriam Janusz, executive director of the Eastchester Tuckahoe Chamber…

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Houlihan Parnes Brokers Refinancing Of Newburgh Commercial Properties

May 2019

NEWBURGH—Houlihan Partners Realtors reports that it recently arranged financing for two buildings at 700 and 900 Corporate Blvd. in Newburgh. Steve McCulloch of the White Plains-based commercial real estate and investment firm, worked on behalf of a private partnership in the transaction. The buildings total 72,000 square feet of flex space and are located within…

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$28 Million Mixed-Use Housing Development in Peekskill Opens

May 2019

PEEKSKILL—Governor Andrew M. Cuomo announced on May 1 the opening of Lofts on Main, a $28-million mixed-use housing development in Peekskill's downtown arts district. The newly constructed development features 75 apartments for local artists and residents with a variety of income levels, as well as 7,200 square feet of ground floor commercial space. "New York's…

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Yonkers Mayor Introduces New Landlord Identification Bill

May 2019

YONKERS—Yonkers Mayor Mike Spano announced on May 6 plans to propose legislation to the Yonkers City Council expanding the responsibilities and accountability of local landlords in an effort to better protect the safety and well-being of their tenants. The local law would amend the “Housing and Building Maintenance Code” and would apply to residential buildings…

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Bronx Multifamily Trades for First Time in Decades

May 2019

NEW YORK—A 28-unit multifamily building on Bainbridge Avenue in the Norwood section of the Bronx has changed hands for the first time in nearly 35 years. Cushman & Wakefield announced on May 8 that the firm had arranged the sale of 144 East 208th St., a 36,800-square-foot multifamily building in the Bronx. The final closing…

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White Plains Expands Affordable Rental Housing Program

May 2019

WHITE PLAINS—The White Plains Common Council recently passed significant changes to the city’s Affordable Rental Housing Program at its May 6th session. The changes had originally been proposed in February by Mayor Tom Roach and represent a focused effort and commitment by the mayor and Common Council to increase the overall number of affordable housing…

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Westchester Legislators Push for Bill to Tax Golf Courses More Fairly

May 2019

BRIARCLIFF MANOR—A group of state legislators and an advocacy group staged a rally outside of Trump National Golf Club Westchester here on April 28 in support of legislation to change how golf courses in New York State are assessed and taxed. State Senator David Carlucci (D-Rockland/Westchester), Assemblywoman Sandy Galef (D-Ossining) and other state and county…

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U.S. Existing-Home Sales Slide 4.9% in March

April 2019

WASHINGTON—Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month. Sales in the Northeast dropped nearly 3% in March, according to the NAR report. Total existing-home completed…

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GlobalFoundries to Sell Dutchess County Semiconductor Plant for $430M

April 2019

EAST FISHKILL, NY—In a blockbuster deal that will save about 1,000 jobs in Dutchess County, GlobalFoundries of Santa Clara, CA has reached an agreement to sell its 300mm chip fab plant in East Fishkill to Phoenix-based ON Semiconductor for $430 million. The two firms announced on April 22 they had reached a definitive agreement on…

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White Plains Hospital Breaks Ground on $272M Expansion Project

April 2019

WHITE PLAINS—White Plains Hospital officials and other county and local dignitaries were on hand on April 22 to celebrate the groundbreaking of a new 252,000-square-foot outpatient center being built at the corner of Maple and Longview avenues here. The $272-million project is being built on the site of a former vacant apartment building, a hospital…

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Developer Unveils Plans for Luxury Condos in Larchmont

April 2019

LARCHMONT—Rye-based developer Elk Homes has unveiled plans this week for “Centro Larchmont,” a new luxury condominium residence to be developed in the heart of the village. The new building will replace several aging commercial buildings that will be demolished. Located at 112 Chatsworth Ave. and 65 Wendt Ave., the 26-unit building will include 23 market…

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Christie’s International Opens Office in Rockland County

April 2019

NEW CITY—Christie’s International Real Estate – Westchester & Hudson Valley, reported on April 17 it had launched its Rockland Regional Sales Gallery in New City at 340 South Main St. The opening of the office comes on the heels of a mid-February announcement by Christie’s International Real Estate that it was expanding its reach into…

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Construction Begins on $42M Senior Project in Rockland County

April 2019

NANUET—State officials announced on April 16 that construction had begun on a new $42-million senior affordable and supportive housing development here. The 93-unit Vincent’s Village community will be developed by the Sisters of Charity Housing Development Corp. of Staten Island and Rockabill Development, LLC of New York City. The development site is located adjacent to…

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Entergy to Sell Indian Point to Decommissioning Firm

April 2019

BUCHANAN—Entergy Corp. reported on April 16 it had reached an agreement to sell its Indian Point 1, 2 and 3 nuclear power plants here after the power plants are shut down in late 2021. The New Orleans-based energy company reported that it will sell Indian Point 1, 2 and 3 nuclear units to Holtec International…

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Mayors Say Natural Gas Moratorium Impact Not as Severe as First Thought

April 2019

WHITE PLAINS—The mayors of White Plains and New Rochelle agree that the impacts thus far from the natural gas connection moratorium imposed by utility Con Edison on March 15 has not been severe. White Plains Mayor Thomas Roach and New Rochelle Mayor Noam Bramson agreed that real estate developers are attempting to adapt to the…

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Homes Sales Volume Mixed in Hudson Valley Region in First Quarter

April 2019

Editor’s Note: The following is the full text version of the 2019 First Quarter Residential Real Estate Sales Report Westchester, Putnam, Rockland, Orange, And Sullivan Counties, New York released by the Hudson Gateway Multiple Listing Service, Inc. on April 8. WHITE PLAINS—Residential sales in the region serviced by the Hudson Gateway Multiple Listing Service, Inc.…

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Redevelopment of Goshen Retail Eyesore to Move Forward

April 2019

GOSHEN—The Goshen Planning Board on March 26 voted unanimously to give Greenwich, CT-based development firm Fareri Associates, LP, conditional site plan approval to move forward with its proposal for the new Goshen Plaza. “We’d like to thank the Village of Goshen Planning Board for its confidence in, and enthusiasm for, this project, as well as…

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HGAR Hires Brian Levine as New In-House Counsel

April 2019

WHITE PLAINS—Brian Levine, Esq., of Stamford, CT has recently been appointed In-House Counsel/Director of Legal Services & Professional Standards Administrator for the Hudson Gateway Association of Realtors. Levine comes to HGAR with nearly two decades of legal experience, including real estate, contracts, refinancing, litigation/mediation/arbitration, insurance, regulatory agency compliance, commercial contracts/development, and tortuous interference of business…

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Compass Expands Presence in NYC With Stribling Brokerage Deal

April 2019

NEW YORK CITY—Real estate brokerage and technology firm Compass has expanded its presence here with the purchase of the Stribling luxury residential brokerage firm, adding more than 300 agents and 50 employees to its New York City operations. Stribling, which was founded in 1980 by chairman and founder Elizabeth F. Stribling, operates three locations in…

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