Residential

HGAR Pitches in for Habitat for Humanity

July 2019

The first of HGAR volunteer events at Habitat for Humanity in Newburgh was held on July 11. Thanks to all who came out to volunteer, including HGAR President Ron Garafalo (second group far left)..Among the other Realtors who participated at the event included: Amanda Martinez, Tim Countryman, Micaela Stanaland and Liz Ramirez.

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Hudson Valley Home Sales Fall in Most Markets

July 2019

Editor’s Note: The following is the text of the 2019 SECOND QUARTER RESIDENTIAL REAL ESTATE SALES REPORT Westchester, Putnam, Rockland, Orange, Sullivan Counties, New York released on July 8th by the Hudson Gateway Multiple Listing Service Inc. Residential sales for the second quarter in the lower Hudson Valley region served by the Hudson Gateway Multiple…

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Highbridge House in the Bronx Trades for $76.25 Million

July 2019

NEW YORK—Camber Property Group, a developer of affordable and mixed-income projects in New York City, and partner Belveron Real Estate Partners have acquired the 400-unit high-rise Highbridge House apartment building in the Bronx for $76.25 million. The 26-story property at 1133 Ogden Ave. was sold by Stellar Management of New York City. Aaron Jungreis of…

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Saunders Named Secretary General of FIABCI

June 2019

WHITE PLAINS—Vanessa Saunders of Global Property Systems in White Plains was elected to a two-year term as Secretary General of the Marketing and Networking Committee of the International Real Estate Federation (FIABCI). Saunders is the first individual to be appointed to this position from the Hudson Valley region. Founded in 1951 in Paris, the FIABCI…

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Westchester IDA Approves Incentives For Three Major Development Projects

June 2019

WHITE PLAINS—The Westchester County Industrial Development Agency on June 13 granted final approvals for incentives to firms that plan to redevelop the White Plains Mall and the former Westchester Pavilion Mall, as well as build a new senior living project on Bloomingdale Road here. The three projects total well in excess of $1 billion in…

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Westchester Secures First CDBG, Home Funding in Nearly a Decade

June 2019

ELMSFORD—At a press conference at DeLuca Park here, Westchester County Executive George Latimer and U.S. Rep. Nita Lowey announced on June 17th the re-establishment of the Westchester Urban County Consortium and the first Community Development Block Grant award in nearly a decade. The new consortium is comprised of 25 towns and villages in the county,…

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Business Council Taps Two Economic Development Execs. to Board of Directors

June 2019

RYE BROOK—In a move to bolster its planning and economic development expertise, the Business Council of Westchester has named Wilson Kimball, Commissioner of Planning and Development for the City of Yonkers and Luiz Aragon, Commissioner for Development for the City of New Rochelle, to its Board of Directors. “We are truly honored to have these…

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Savvy Affair Holds Annual Benefit for Autism Speaks

June 2019

EASTCHESTER—A Savvy Affair’s Ninth Annual Benefit for Autism Speaks was held at Mulino’s at Lake Isle on Thursday May 16th. At the event, A Savvy Affair also celebrated its 10th year of hosting events, and fundraisers throughout Westchester and New York City. Michelle Madaffari, who is the CEO of A Savvy Affair Inc, is an…

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Learn More About the CFA Process

June 2019

WHITE PLAINS—The Westchester County Office of Economic Development is urging businesses, organizations and municipalities to attend informational workshops being held this month to learn more about funding opportunities in the next round of the Mid-Hudson Consolidated Funding Application (CFA). The Westchester County Office of Economic Development will hold a series of informational sessions throughout Westchester…

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NAHREP Launches Westchester County Chapter

June 2019

WHITE PLAINS—The National Association of Hispanic Real Estate Professionals officially launched its Westchester County Chapter recently with a kick-off party at an office rooftop in White Plains. The event drew more than 150 people and included special guest Chef Barret Bayer of the “Hell’s Kitchen” and “Million Dollar Listing” TV shows. NAHREP currently has more…

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Hudson Valley Region Renters and Homeowners Struggle with Affordability

June 2019

ALBANY—The affordable housing crisis continues in New York State, according to a report released on June 6 by New York State Comptroller Thomas DiNapoli. The report stated that nearly 1.4 million households paid half or more of their income in 2017 towards housing costs. “The high cost of housing can force some New Yorkers to…

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CVS Signs Lease at The Rockwell Project in Downtown New Rochelle

June 2019

NEW ROCHELLE—Real estate development firm YoungCraft announced on June 4 that CVS Pharmacy signed a multi-year lease for 13,200 square feet of retail space at “The Rockwell,” the company’s mixed-use project currently under construction on North Avenue here. CVS will re-locate its current store at 625 North Ave., down the block to the brand-new “Rockwell”…

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Report: Southeast Benefitting from Significant Northeast Migration

May 2019

NEW YORK—A recently published report by Bloomberg News reveals some unsettling news for New York State businesses and the real estate industry here. The report, an analysis by Bloomberg of state-to-state moves based on data from the Internal Revenue Service and the U.S. Census Bureau, shows that New York and Connecticut are losing billions in…

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IDA-Issued Tax Breaks in NY Continue to Rise

May 2019

ALBANY—New York’s Industrial Development Agencies provided a total of $751 million in net tax exemptions for local economic development projects in 2017, an increase of more than 5% from the previous year, according to a report issued on May 29 by New York State Comptroller Thomas P. DiNapoli. The Mid-Hudson ($175 million) and Long Island…

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$160M Rehab and Refi of Bronx Mitchell-Lama Completed

May 2019

NEW YORK—State officials announced on May 29 the completion of the $160-million rehabilitation and refinancing of the Michelangelo Apartments, a 494-unit Mitchell-Lama affordable housing development in the Melrose section of the Bronx. Michelangelo Apartments was originally built in 1975 and contains four towers with 80 studios, 126 one-bedroom, 191 two-bedroom, 77 three-bedroom and 20 four-bedroom…

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