WHITE PLAINS—The Westchester Local Development Corporation has approved $36.4 million in low-cost financing for Purchase College-SUNY to construct a new residence hall on its campus. The financing approved at the LDC’s Oct. 19th meeting will be used build a four-story, 80,000-square-foot residence hall, consisting of 300 beds in a suite-style configuration with student common areas…
Read MoreBETHLEHEM, NY—U.S. Senator Charles Schumer and New York Gov. Andrew Cuomo were joined by New York Realtors in urging the state Congressional delegation to oppose the elimination of state and local property tax deductions as part of the Republican-led tax reform campaign in Washington, D.C. At a press conference held on Oct. 23 at a…
Read MoreWHITE PLAINS—The Hudson Valley residential market continued to post strong sales volume, although three of the four counties in the Hudson Gateway Association of Realtors’ market area experienced sales declines in the third quarter of this year as compared to a year ago. Residential brokers emphasized that sales volume in the third quarter of last…
Read MoreNEW YORK—The New York City Council approved the massive Bronx Point project along the Harlem River waterfront in the South Bronx on Oct. 17th that will be led by a Larchmont-based developer, which will bring approximately 1,000 new housing units to the area as well as a new school and hip-hop museum. City officials announced…
Read MoreSPRING VALLEY—Rockland County-based investment firm Concord Capital NY reported on Oct. 16th that it is seeking approvals to build a $175-million transit oriented development in Downtown Spring Valley. The project, which the firm states will be modeled after successful redevelopment initiatives in Downtown Yonkers, New Rochelle and in TOD-oriented locations on Long Island, calls for…
Read MoreIn place of its annual conference in Austin, TX this year, Keller Williams reached out to its agents across the nation to volunteer to help their fellow Keller Williams agents and local families affected by the ravaging floods from Hurricane Harvey. In late August, the Category 4 hurricane ripped through the southern Texas coast with…
Read MoreIrene Guanill describes herself as “a girl from the South Bronx,” who grew up learning how to turn lemons into lemonade. “My mom was always very strong and she taught us to be strong,” she said. “Failure was not an option—you could either sink or swim, and I chose to swim.” Today, the mother of…
Read MoreWHITE PLAINS—Real estate sales continued at a brisk pace in the lower Hudson Valley region, albeit at a slightly slower pace as the year has progressed, according to the “Third Quarter Residential Real Estate Report for Westchester, Putnam, Rockland and Orange Counties, New York” released by the Hudson Gateway Multiple Listing Service, Inc. With the…
Read MoreNEW YORK—More than 400 real estate professionals gathered at the New York Marriott Marquis Hotel here on Oct. 2 to attend a daylong summit that offered the latest trends, opportunities and data points on the global real estate market from more than 25 industry movers and shakers from around the world. The 11th Global Real…
Read MoreWASHINGTON —Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances. NAR’s…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors recently presented a check for $1,000 to Gilda’s Club Westchester. Created in fulfillment of actress Gilda Radner’s dream, Gilda’s Club offers a welcoming community of free support for everyone living with cancer—men, women, teens and children—along with their families…
Read MoreNEW CITY—Century 21 Full Service Realty reported recently it has relocated its brokerage operations to larger space at 53 South Main St. in New City. According to Vesna Kanacki, Broker of Record, the move was necessary to provide a superior business environment for present and future associates and its staff. She said the new office…
Read MoreWASHINGTON—Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying, according to a recently released study on student loan debt and…
Read MorePLEASANTVILLE—ERA Insite Realty Services, with offices in White Plains, Bronxville and Mount Pleasant, announced a merger deal on Sept. 18th with Century 21 Haviland in Pleasantville. The merger was announced by Louis and Debra Budetti, founders and owners of ERA Insite Realty Services, which is headquartered in White Plains. The merger comes on the heels…
Read MorePEEKSKILL—Ginsburg Development Companies Principal Martin Ginsburg joined with Peekskill Mayor Frank Catalina and other state, county and city officials and dignitaries on September 14 for a groundbreaking ceremony to mark the start of construction of Gateway Townhomes here. Located at 700 Main St., at the gateway to the city from Route 9, Gateway Townhomes will…
Read MoreWASHINGTON—Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy. That’s the message the National Association of Realtors brought to Congress on Sept. 14th as Iona Harrison, chair of NAR’s Federal Taxation Committee, testified before the Senate Finance Committee.…
Read MoreBRIDGEPORT, CT —Ginsburg Development Companies of Hawthorne, NY recently unveiled a new lobby and announced new building amenities for its City Trust Tower Apartments property located at 955 Main St. in Downtown Bridgeport, CT. In addition to the new art deco-inspired lobby, the 12-story 117-unit rental apartment building, located across from McLevy Green, will soon…
Read MoreNEW YORK—The timeliness of this year’s Global Real Estate Summit NYC is significant, as the event is set to take place amid skyrocketing foreign investment in U.S. residential real estate. According to a recently released report from the National Association of Realtors, growth within the commercial sector is promising, as well. Backed by the premier…
Read MorePOCANTICO HILLS—The lavish Hudson Pines estate of billionaire philanthropist and banker David Rockefeller is on the market for sale for $22 million. The former chairman and CEO of Chase Manhattan Bank passed away at the age of 101 in March of this year. Since his passing, Rockefeller’s estate began to sell off his various real…
Read MoreMINNEAPOLIS—HomeServices of America, Inc., a Berkshire Hathaway affiliate, reported on Sept. 6th it acquired The Long & Foster Companies, Inc., the largest private residential real estate company in the United States by sales volume. The acquisition includes Long & Foster’s family of companies, including Long & Foster Real Estate and its market-leading affiliated business lines…
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