News

May Pending Home Sales Notch Record-Setting 44.3% Increase

July 2020

WASHINGTON—Pending home sales mounted a record comeback in May, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic, according to the National Association of Realtors. Every major region recorded an increase in month-over-month pending home sales transactions, while the South also experienced a year-over-year increase in pending transactions.…

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HGAR Membership Overwhelmingly Approves Merger with Bronx Manhattan North Association

July 2020

WHITE PLAINS—The membership of the Hudson Gateway Association of Realtors, Inc. that participated in a more than two-hour virtual Special Meeting today, overwhelmingly approved a merger agreement with the Bronx Manhattan-North Association of Realtors, Inc. The more than 400 members who participated in the session, held via Zoom, also approved a number of bylaws amendments…

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Orange County Issues RFPs for Camp LaGuardia and Newburgh Historic Properties

June 2020

GOSHEN—Orange County announced on June 24 it had issued separate Request for Proposals to developers and investors for the purchase of the massive Camp LaGuardia property in Chester and Blooming Grove and three iconic properties in Downtown Newburgh. Both the Camp LaGuardia and Grand Street properties are county-owned. The Camp LaGuardia property, a former New…

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NY State’s New Fair Housing Regulations Now in Effect

June 2020

ALBANY—The New York State Department of State announced that the new regulations for real estate professionals to help combat housing discrimination took effect on June 20, 2020. The new regulations, which the New York State Real Estate Board approved in December 2019, mandate enhanced disclosures by real estate professionals to help ensure prospective home buyers,…

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Existing-Home Sales Fall 9.7% in May; NAR Expects Strong Rebound in Coming Months

June 2020

WASHINGTON—Existing-home sales fell in May, marking a three-month decline in sales as a result of the coronavirus outbreak, according to the National Association of Realtors. Each of the four major regions witnessed dips in month-over-month and year-over-year sales, with the Northeast experiencing the greatest month-over-month drop at 13%. Total existing-home sales, completed transactions that include…

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HGAR, Bronx-Manhattan North Assoc. Agree to Merge

June 2020

WHITE PLAINS—At press time, the Hudson Gateway Association of Realtors, Inc. and the Bronx-Manhattan North Association of Realtors, Inc. have scheduled votes of their respective memberships to approve a proposed merger of the two Realtor organizations, Real Estate In-Depth has learned. The Hudson Gateway Association of Realtors has scheduled a special virtual meeting on July…

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NOTICE OF SPECIAL MEETING OF THE MEMBERS of the Hudson Gateway Association of REALTORS®, Inc. JULY 1, 2020

June 2020

A Special Meeting of the Members of the Hudson Gateway Association of REALTORS®, Inc. (“HGAR”) will take place on July 1, 2020 at 10:00 AM via a Zoom Meeting Audio-Visual Conference. The Members’ Meeting can be accessed by the Members by utilizing the following registration link: https://zoom.us/webinar/register/WN_8yOwKy-rTpKcwHmCehEH0w which will provide the necessary registration and login…

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Stark Office Suites Expands Flagship White Plains Location

June 2020

WHITE PLAINS—Stark Office Suites reported on June 16th it has increased its Westchester executive office suite footprint and now occupies the entire 11th floor at 445 Hamilton Avenue, the company’s flagship site in the heart of Downtown White Plains. Offering more than 26,000 square feet, this location is the largest suburban space in the Stark…

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Bronx Office Condo Project Secures $29M Mortgage

June 2020

A large office condominium on the Grand Concourse in the Bronx that has been turned around by a partnership of Sam Jemal of JJ Operating, Inc. of New York City and members of his family together with James J. Houlihan and members of Houlihan-Parnes Realtors, LLC of White Plains, secured a $29-million first mortgage on…

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OneKey MLS Now Live for Consumers

June 2020

NEW YORK—The first regional MLS in the New York Metro area, OneKey MLS, has announced the launch of its new consumer search website—OneKeyMLS.com. The new listing search portal offers consumers more than 40,000 listings and some 500 communities throughout the New York Metropolitan area, making it the largest selection of for sale and lease listings…

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Local Sales Tax Collections Drop More Than 32%

June 2020

ALBANY—Sales tax revenue for local governments in May fell 32.3% compared to the same period last year, according to State Comptroller Thomas P. DiNapoli. Sales tax collections for counties and cities in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a…

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Halstead Merges with Brown Harris Stevens

June 2020

NEW YORK—The owners of Terra Holdings announced recently that brokerage firm Halstead is now part of Brown Harris Stevens. The strategic restructuring of Terra Holdings subsidiaries significantly expands the footprint and resources of Brown Harris Stevens residential brokerage. The transition will occur with a phased in approach beginning in New York City. Senior management of…

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Living in the Now

June 2020

As we head into another re-opening phase, let’s take a moment to reflect on our current events as well as our present state of affairs. After enduring a three-month pandemic that stopped the world, it is only now that we begin to emerge from a “shelter in place.” The phrase itself, “shelter in place,” is…

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Westchester County Mulls Launching COVID Aid Fund

June 2020

WHITE PLAINS—The Westchester County Industrial Development Agency could be establishing in the near future a fund that would provide grants and loans to county businesses hurt by the coronavirus pandemic. Westchester County Director of Operations Joan McDonald reported this morning that the program could total $500,000 in financing. The county would be moving forward on…

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A.S.A.P. Mortgage Opens New Headquarters in Peekskill

June 2020

PEEKSKILL—A.S.A.P. Mortgage announced on June 8 it has relocated its corporate headquarters from Cortlandt Manor to Peekskill. Originally scheduled for mid-April, the opening of A.S.A.P.’s new headquarters was delayed until June 1 due to the coronavirus pandemic. The new headquarters is located at 2 South Division St., at the intersection of Division Street and Central…

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Work Progresses on $300M Hudson Heritage Mixed-Use Project in Town of Poughkeepsie

June 2020

TOWN OF POUGHKEEPSIE—Developers are undertaking substantial demolition and renovation work as they move forward with the Hudson Heritage mixed-use community being developed on 156 acres on Route 9 across from Marist College. The $300-million project will include housing, a hotel and conference center, retail, a supermarket, restaurants, entertainment, and medical and office space. The site…

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