News

Mill Creek Acquires Blessed Sacrament School Site

February 2020

NEW ROCHELLE—Mill Creek Residential of Boca Raton, FL has acquired a little more than two acres of land that housed the former Blessed Sacrament elementary school and will develop a new eight-story 334-unit multifamily project at the site. The sale of the property was reported by commercial brokerage firm CBRE on Feb. 5, which represented…

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NYSAR Urges Realtors Take Action Against DOS Guidance Barring Certain Commissions

February 2020

ALBANY—The New York real estate industry, particularly downstate, is reeling from guidance recently released by the Department of State that now among other changes regarding regulations on landlords and agents, prohibits a landlord’s agent from collecting a broker/fee commission from a tenant in residential rental transactions. The guidance, part of a sweeping update released by…

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OneKey MLS Leaders Tout Merits of New NYC Regional MLS

February 2020

NEW YORK—With the official launch of the OneKey MLS set for early spring, OneKey MLS executives took to the airwaves on Feb. 4 to promote the merits of the groundbreaking new regional multiple listing service that currently boasts more than 42,000 subscribers across the New York metropolitan area. Richard Haggerty, president and chief strategic growth…

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New Rochelle Transitional Housing Project Secures $9 Million in Freddie Mac Funding

February 2020

NEW ROCHELLE—A former student housing development redeveloped into a transitional supportive housing community has secured refinancing funding in the form of a $9-million Freddie Mac Optigo Targeted Affordable Housing loan. The refinancing deal for 21 Fountain Place was announced on Jan. 29 by CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corporation, Palladium…

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Arena STEM to Open Flagship Location at Palisades Center

February 2020

WEST NYACK—Arena STEM, a newly established retail center offering a combination of entertainment, education and retail, will open its flagship store at Palisades Center this spring. The new 12,200-square-foot store will be located on Level 3 near the Food Court. Arena STEM, founded by Sergei and Julia Manevich of New Jersey, is a new and…

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Hudson Gateway Realtor Foundation Donates $10,000 to Make-A-Wish Hudson Valley

February 2020

TARRYTOWN—Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $10,000 to Make-A-Wish Hudson Valley, located in Tarrytown. Make-A-Wish creates life-changing wishes for children with critical illnesses. Since 1986, Make-A-Wish Hudson Valley has granted the wishes of more than 2,800 children in the Hudson Valley region…

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Coldwell Banker Forms Lower Hudson Valley Regional Office

January 2020

YORKTOWN HEIGHTS—In what agents for the brokerage firm reportedly described as a “win-win,” select Coldwell Banker Residential Brokerage real estate offices serving Westchester, Putnam, Rockland, Orange and Dutchess counties will be merged and will be now known as the “Lower Hudson Valley Regional Office.” The company announced on Jan. 27 that signage and marketing collateral…

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Westchester County IDA Supported $1.6 Billion in New Investment in 2019

January 2020

WHITE PLAINS—The Westchester County Industrial Development Agency announced recently it provided financial incentives for a wide range of new commercial developments that accounted for approximately $1.6 billion in new investment in Westchester County. The projects incentivized in 2019 involved more than 2,800 in new proposed residential units. Some of the projects involved repurposing vacant office…

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Rye-Based Acadia Realty Making More Than $100M Play in SoHo

January 2020

NEW YORK—Acadia Realty Trust of Rye has closed on the purchase of a retail condo in the SoHo section of Manhattan for $15.4 million from Premier Equities. The transaction is part of a string of recent and pending purchases by Acadia in SoHo and along Greene Street totaling more than $100 million. The latest deal…

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HGAR’s Richard Haggerty Named a 2020 Real Estate Newsmaker

January 2020

NEW YORK—Hudson Gateway Association of Realtors Chief Executive Officer Richard Haggerty has been selected as a RISMedia 2020 Real Estate Newsmaker. Haggerty, who also serves as President and Chief Strategic Growth Officer of the soon-to-be-launched OneKey MLS, joins what RIS Media describes as a “dynamic group of key influencers making headlines for their contributions to…

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Gail Fattizzi Takes Over as 2020 HGAR President

January 2020

SOUTH SALEM—Veteran real estate broker and executive Gail Fattizzi was installed as the 2020 president of the Hudson Gateway Association of Realtors on Jan. 16 at a gala dinner event held at Le Chateau here. Fattizzi, who has served for 24 years as the executive director of the independent real estate brokerage network Westchester Real…

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Coalition Urges Gov. Cuomo, State Lawmakers To Increase NYDOT Capital Plan to $35 Billion

January 2020

ELMSFORD—The Rebuild NY Now coalition is asking Gov. Andrew Cuomo, state lawmakers and officials with the New York State Department of Transportation to significantly increase capital spending for the maintenance, repair and replacement of the state’s road and bridge network. At a press conference held on Jan. 17, construction industry executives, organized labor officials, state,…

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UPS Signs Major Lease Deal For Yonkers Distribution Center

January 2020

YONKERS—In what is believed to be one of the largest commercial lease transactions in Westchester County in decades, United Parcel Service has signed a long-term lease for a new state-of-the-art distribution center at 555 Tuckahoe Road in Yonkers with building owner Alfred Weissman Real Estate. The 435,000-square-foot building was formerly occupied by POP Displays, a…

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New North Yonkers Luxury Apartment Building Opens

January 2020

YONKERS—Stratus on Hudson, a new 74-unit luxury mid-rise apartment building, is now open in North Yonkers at 1077 Warburton Ave. Developed by RMS Companies, which is based in Stamford, CT, Stratus on Hudson sits atop a cliffside location just north of the Yonkers waterfront and adjacent to the Greystone Metro North train station. The building’s…

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CE Neuhaus Says County Will Issue RFP For Development at Camp LaGuardia

January 2020

CHESTER—Orange County Executive Steven Neuhaus told a group of construction and organized labor leaders earlier this month that the county will put out a Request for Proposals for future development at the county-owned former Camp LaGuardia property in Chester and Blooming Grove, NY in coming weeks. Neuhaus, who appeared at the Jan. 14th meeting of…

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Serendipity Labs Announces Expansion into New U.S. Markets

January 2020

RYE—Locally-based workspace provider Serendipity Labs has announced its entry into six new markets. The deals will add more than 130,000 square feet to the company’s US network and are all scheduled to open this year. Serendipity Labs is opening two of its flexible shared offices in January, Wauwatosa, WI and Westport, CT. It has also…

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CPC and L+M Close On $33 Million to Refi, Preserve 386 Units of Affordable Housing in the Hudson Valley

January 2020

NEW YORK—The Community Preservation Corporation and L+M Development Partners recently announced the closing of three Fannie Mae Multifamily Affordable Housing (MAH) loans totaling $33.2 million to finance the long-term preservation of three affordable housing developments in the Hudson Valley. Two of the properties are located in Rockland County and one in Dutchess County. The properties…

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Law Firm to Relocate to Riverview at Purchase

January 2020

PURCHASE—Three new lease deals have been signed at the RiverView at Purchase office building here, including a 13,000-square-foot transaction with the law firm Marshall Dennehey Warner Coleman & Goggin, P.C. The law firm, which is headquartered in Philadelphia, signed a seven year-lease deal with building owner Phoenix Capital Partrers, LLC, according to CBRE, which represented…

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