ELMSFORD—A joint venture of affiliates of Norfolk, VA-based Harbor Group International, LLC and Azure Partners of New York City has acquired the Avalon Green multifamily community in Elmsford for $306 million. The joint venture announced on July 25 that it would further implement a $9.2-million capital improvement program across the 617-unit community to refresh amenities…
Read MorePEARL RIVER—Global pharmaceutical firm Pfizer Inc. reports that it will spend $470 million to expand its vaccine research and development operations here. As Bloomberg first reported, Pfizer confirmed to Real Estate In-Depth that it plans over the next three years to secure necessary approvals and expand and modernize its campus with a new 260,000-square-foot lab…
Read MoreWith the Federal Reserve poised to ratchet up short-term rates by 75 to as much as 100 basis points later this month and inflation currently at a four-decade high of 9.1%, fears in the investment and real estate communities are that a recession could be on the horizon. While the current economy differs widely from…
Read MoreWHITE PLAINS—If Realtors are feeling a sense of deja vu when it comes to current home sales activity, perhaps they are recalling how conditions were back in 2018 and 2019, which were both considered strong markets at the time. However, the boom market of 2021, with surging sales and soaring prices throughout the region, has…
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news
WHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, donated $12,500 to seven Hudson Valley charities during the Second Quarter of 2022. Most recently, HGRF presented a $2,500 check to Green Chimneys in Brewster. Founded in 1947 and headquartered on a farm and wildlife center, Green Chimneys is…
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legal-advocacy
Studies conducted in 2014 by the New York State Energy Research and Development Authority projected precipitation in the New York region to increase by 1%-8% in the 2020s, 3%-12% in the 2050s, and 4%-15% in the 2080s. New York coastlines and the lower Hudson tidal areas are predicted to rise by 3-8 inches in the…
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people
A Woman of the World Years ago, Susan Greenfield pictured her career as a successful artist. Armed with a degree in art, she worked as an illustrator before discovering real estate. Fast forward to today, the former artist is now the new FIABCI World President and also a top real estate agent at Brown Harris…
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residential
EAST HANOVER, NJ—Howard Hanna | Rand Realty is pleased to announce the opening of its newest office in East Hanover, NJ, located at 460 Ridgedale Ave. Howard Hanna | Rand Realty already has a solid in-town presence, with highly skilled agents who are local experts, including The Kirkwood Group and The Palianto Team. Both teams…
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July is here and we are well into the summer market. Change is constant and as we evolve, we join forces, and share resources through this post pandemic times. Inflation is hurting every household budget and it is likely to hurt the nation’s budget, too. The Federal Reserve’s interest rate hikes, meant to counteract inflation,…
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When Alejandro Escudero, Director of Global Strategy and Engagement for the National Association of Realtors, confirmed in 2018 that HGAR had been designated as the Ambassador Association to Portugal I was very excited, but I also had no idea what it truly meant to be an Ambassador Association. In 2017 NAR President Elizabeth Mendenhall had…
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technology
CHICAGO—The National Association of Realtors has announced that Rental Beast is its exclusive recommended software provider in the rental space. Under the agreement with the Somerville, MA-based firm, NAR members receive free access to “Apply Now by Rental Beast,” the secure FCRA-compliant online rental application and tenant screening engine. “NAR Realtor Benefits aims to provide…
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mortgage
ALBANY—Property tax levy growth will again be capped at 2% for 2023 for local governments that operate on a calendar-based fiscal year, according to data released on July 13 by New York State Comptroller Thomas P. DiNapoli. This figure affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities…
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