News

Westchester Hotel Association Travels to Albany To Lobby Lawmakers on Key Industry Issues

June 2018

WHITE PLAINS—After electing new leadership earlier this year, a reconstituted and perhaps reinvigorated Westchester Hotel Association traveled to Albany in May on its first “Hotel Lobby Day” with state lawmakers. Joined by the Business Council of Westchester, the Westchester Hotel Association met with key state officials to voice their opposition on proposed legislation that the…

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Mid-Hudson Brokerage Expands Presence to Ulster County

June 2018

LAGRANGEVILLE, —Berkshire Hathaway HomeServices Hudson Valley Properties, announced on May 31 the acquisition of Westwood Metes & Bounds Realty Ltd., a long-tenured real estate brokerage serving Ulster County. Hudson Valley Properties adds nearly 60 agents and five offices through the transaction. The offices are located in Kingston, New Paltz, Stone Ridge, West Hurley and Woodstock.…

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HGAR to Celebrate 50th Anniversary Of Fair Housing Act at July 12 Event

June 2018

TARRYTOWN—The Hudson Gateway Association of Realtors is joining Realtor, real estate and housing advocacy organizations across the country in marking the 50th Anniversary of the Fair Housing Act this year. HGAR is holding a special program in commemoration of the Fair Housing Act on Thursday, July 12 at the DoubleTree Hotel in Tarrytown. The program,…

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HGAR Mourns Passing of Longtime Legal Counsel

June 2018

WHITE PLAINS—One of the key people who helped shape the modern-day Hudson Gateway Association of Realtors has passed away at the age of 75. Longtime Board Legal Counsel Edward I. Sumber died on June 5 in Palm Beach Gardens, FL. Real Estate In-Depth talked with association leaders from past and present who were in unison…

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‘Wining’ Your Way Through the Hudson Valley

June 2018

California’s Napa Valley may be famous for its wines, but New York’s Hudson Valley also has quite the reputation for offering some of the best wines not only in New York, but throughout the country. One of the most popular destinations in our area is the Shawangunk Wine Trail, an 80-mile long stretch that is…

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Music is in the Air This Summer at Many Hudson Valley Venues

June 2018

Summer is coming and that translates to the feel of beach sand on bare feet, the aroma of dinner on the barbecue grill, and the sounds of everything from classic rock to jazz to country music filling concert halls throughout the Hudson Valley. Bands like Kansas, Poison, Yes, America, Jefferson Starship, Lady Antebellum and Justin…

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A Savvy Affair’s Charity Event Raises Funds for Autism Speaks

June 2018

EASTCHESTER— A Savvy Affair, an event-planning firm that specializes in charity events, hosted approximately 400 guests at Mulino's At Lake Isle in Eastchester on May 17th. The event featured a "freestyle music theme," including performances by Freestyle entertainers TKA and Cynthia. Among the attendees included many guests from the real estate industry. The program marked…

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Metro-North President Talks Station Improvements, Capital Projects

June 2018

RYE BROOK—Metro-North President Catherine Rinaldi briefed members of the Commercial Investment Division of the Hudson Gateway Association of Realtors and the Business Council of Westchester on June  7 on the latest railroad initiatives, including the long-awaited improvements to the White Plains station. Rinaldi, who recently spoke before the Orange County Citizens Foundation on the needs…

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Two Veteran Westchester Realtors Form New ‘LifeNY’ Brokerage Firm

June 2018

WHITE PLAINS—Two veteran residential brokers and “Rising Stars”—Chirag Shah and Jason Wilson—have ventured out on their own and formed a new boutique brokerage firm here called “LifeNY.” The two Realtors, who both have been heavily engaged in the Hudson Gateway Association of Realtors, say their new firm will have “a laser focus on client services…

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22 Condo Units at Gateway Property Offered in Bulk Sale for Nearly $8M

June 2018

WHITE PLAINS—Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 22 condominium units within the Gateway Condominiums property at 257 Central Ave. in White Plains. The asking price for the bulk package of condominium units is $7.95 million. A team led by Vice Chairman Thomas A. Donovan, along with…

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IDA Report Shows Tax Break Growth Slows Job Creation Remains Higher Downstate

June 2018

ALBANY—New York State’s Industrial Development Agencies reported $715 million in net tax exemptions in 2016, up almost 3% from 2015, according to a report issued on June 1st by New York State Comptroller Thomas P. DiNapoli. The report also showed that downstate regions accounted for 57% of the total net jobs gained through IDA projects…

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Cacace Appointed Vice President Of International R. E. Federation

June 2018

SCARSDALE– Portico Realty Group recently announced that Emi Cacace has been appointed vice president of the World Council of Brokers by the International Real Estate Federation (FIABCI). As a member of the FIABCI, Cacace is equipped with the necessary training and experience to work successfully in international real estate and client relocation. Cacace, who is…

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U.S. Existing-Home Sales Fell 2.5 % in April

June 2018

WASHINGTON— After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased…

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Mike Oates Named New Leader of HVEDC

June 2018

GOSHEN—Hudson Valley Economic Development Corporation Board Chairman Robert J. Levine announced on May 31 that Mike Oates was named the organization’s new president and CEO, effective June 4. Oates replaced Laurence P. Gottlieb, who recently resigned from the position after serving as head of the economic development agency since 2013. Oates has been the managing…

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IRG Lands New Tenant, Rebrands former Pfizer Property

May 2018

PEARL RIVER—Industrial Realty Group announced recently its 1.993 million-square-foot campus of existing office, laboratory, and industrial space in Pearl River, will be known as “New York Center for Innovation.” “The campus is a unique part of the community in Pearl River and we are committed to its next chapter,” said John A. Mase, CEO at…

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National Association of Realtors Applauds Passage of Banking Reform Bill

May 2018

WASHINGTON—The U.S. House passed bipartisan legislation on Tuesday (May 22) that the National Association of Realtors believes will bring much-needed bank regulatory relief and consumer protections and is a step in the right direction for the industry. S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” contains several favorable provisions for housing, including…

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Purchase College Moving Forward With $320M Senior Project

May 2018

WHITE PLAINS—Officials with Purchase College-State University of New York briefed officials with the Westchester County Local Development Corp. at its session on April 26 on plans to build a $320-million Senior Learning Community on a 40-acre tract on the campus. The Westchester LDC is performing due diligence on the college’s proposal to have the LDC…

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Metro Home Price Growth Quickens to 5.7%

May 2018

WASHINGTON—Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors released on May 14. The national median existing single-family home price in the first quarter was $245,500, which was up…

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New Home Purchase Mortgage Applications Rose 7.5% in April

May 2018

WASHINGTON—Recently released mortgage finance activity data released by the Mortgage Bankers Association indicate mixed results during the month of April. The Mortgage Bankers Association Builder Applications Survey data for April 2018 released on May 10 showed mortgage applications for new home purchases increased 7.5% compared to April 2017. Compared to March 2018, applications decreased by…

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