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Ossining, Haverstraw Win $10-Million Downtown Revitalization Awards

November 23, 2021

OSSINING—Downtown revitalization efforts in the Village of Ossining and across the Hudson in the Town of Haverstraw each got a $10-million infusion of cash. New York Gov. Kathy Hochul announced at an event held at the Joseph G. Caputo Community Center here on Nov. 22 that Haverstraw and Ossining will receive $10 million each in…

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Bronx Housing Market Thrived in 2021; Activity to Remain Strong in 2022

November 18, 2021

Bronx's thriving real estate market showed no signs of slowing in the third quarter of 2021. The dwindling housing supply and rising demand have resulted in a steady flow of transactions throughout the summer months. The Bronx has also been one of the hardest hit by the COVID-19 pandemic, with the highest job losses among…

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A Conversation With Bronx Borough President-Elect Vanessa Gibson

November 18, 2021

Real Estate In-Depth recently interviewed and posed “Five Questions” to New York City Council Member and former New York State Assemblywoman Vanessa L. Gibson, who will be taking office in January 2022 as the new Borough President of the Bronx, succeeding Ruben Diaz Jr. who decided not to run for re-election after serving three terms.…

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Ron Garafalo Named 2021 HGAR Realtor of the Year

November 3, 2021

TARRYTOWN—At its 105th Annual Member Appreciation Day, held on Oct. 25 at the Sleepy Hollow Hotel & Conference Center in Tarrytown, the Hudson Gateway Association of Realtors awarded Ron Garafalo, sales manager with John J. Lease Realtors in Middletown, as its “Realtor of the Year” for 2021. David Singer, CEO of Robison Oil in Port…

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Biden’s ‘Build Back Better’ Framework Includes Historic Investment in Affordable Housing, Spares Real Estate from Onerous Taxes

October 29, 2021

WASHINGTON—The National Association of Realtors has released an analysis of the framework released by the Biden administration yesterday of his now $1.75-billion “Build Back Better” plan that includes historic investment in affordable housing. The framework also features hard-fought NAR-backed priorities like investments in down-payment assistance and also spares real estate investment from the most feared…

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E-Commerce, Biotech, Healthcare, Cannabis Will ‘Reimagine Westchester’

October 21, 2021

A panel of experts charged with identifying the industries that will reimagine Westchesteridentified a host of emerging sectors, including e-commerce, cannabis legalization, adaptive reuse, as well as the biosciences and health care as the catalysts for economic growth in the coming years in Westchester County. One industry expert predicts that Tarrytown-based Regeneron Pharmaceuticals will lead…

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HGAR Region Posts Continued Strong Home Sales in Third Quarter

October 21, 2021

WHITE PLAINS—It may seem like a broken record, but once again home sales in the Hudson Gateway Association of Realtors market area continued to be strong in the third quarter, with most counties posting impressive sales gains over last year. Analysts indicate that both nationally and locally, that tune will likely be playing well into…

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NYS Gaming Commission Issues RFI for Downstate Casinos

October 21, 2021

ALBANY—While there is still a long way to go before any official award, the New York State Gaming Commission has issued a Request for Information from interested parties for either developing or operating three downstate New York casinos in the New York metro region. While this is good news for downstate casino advocates, the RFI…

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NAR: ‘Today’s Millennials are Drowning in Student Loan Debt’

October 14, 2021

WASHINGTON—Top experts from the housing and higher-education fields joined policy thought leaders from the National Association of Realtors on Oct. 13 to discuss the current student loan debt crisis and how it affects the economy, housing market, and debt holders. The event explored the findings of NAR’s September report, The Impact of Student Loan Debt,…

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Residential Sales Post Strong Gains Regionwide in Third Quarter

October 6, 2021

WHITE PLAINS—Third quarter residential home sales for the Lower Hudson region, served by OneKey Multiple Listing Service, surpassed the historically high third quarter sales figures of 2020 which were attributed in large part to a response to COVID-19, according to the 2021 Third Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland, Orange, Sullivan,…

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Longtime and Respected Association CEO P. Gilbert Mercurio Passes Away

September 28, 2021

WHITE PLAINS—A man who for more than three decades was a driving force behind the growth and growing respect of the Westchester County Board of Realtors has died. P. Gilbert Mercurio, who led the Westchester County Board of Realtors and its successor organization the Westchester Putnam Association of Realtors for 31 years as its chief…

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Five Questions With Maureen Halahan Orange County Partnership President & CEO

September 23, 2021

GOSHEN—Ever since the COVID-19 hit this region back in March 2020, one of the bright spots for the Hudson Valley economy has been Orange County where, despite the challenges the pandemic has brought, major projects and investment continue almost undeterred. Orange County has seen Amazon and Medline build new massive distribution facilities, while the much-anticipated…

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Investors Lining Up to Build New Projects in Orange County

September 23, 2021

MIDDLETOWN—If any attendees at the Sept. 21 Investor Breakfast of the Orange County Partnership were questioning the strength of the county’s economy, any misgivings were wiped away by the breadth of the positive data and forecasts offered by economic development, government and business experts at the event. Orange County Partnership President and CEO Maureen Halahan…

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NY State Selects Two Green Projects Valued at $8.2 Billion

September 21, 2021

NEW YORK—In a major step to convert the state’s energy grid to green, New York State has selected two major green energy infrastructure projects that will cost $8.2 billion to develop and help bring wind, solar and hydropower from Upstate New York and Canada to New York City. The two projects involve a total of…

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Route 17 Third Lane Project Could Cost as Much as $1 Billion

September 20, 2021

POUGHKEEPSIE—The cost of adding a third lane on a 47-mile stretch of Route 17 from Harriman to Monticello in each direction is now being estimated at anywhere from $525 million to as high as $1.04 billion, depending on the scope of the improvements to be undertaken. The latest project cost estimates were revealed at the…

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