ALBANY—In another sign of some light at the end of the tunnel on the COVID crisis, at a press conference on Wednesday, Gov. Andrew Cuomo announced that New York State will soon receive an initial delivery of enough COVID-19 vaccine doses for 170,000 New Yorkers. If all safety and efficacy approvals are granted by the…
Read MoreWHITE PLAINS—The Westchester County Industrial Development Agency announced on Nov. 25 it recently granted final approval for incentives ranging from $6.5 million to $13 million to Morgan Stanley for the financial services firm’s planned more than $200-million renovation of its corporate office complex at 2000 Westchester Ave. in Harrison. The Industrial Development Agency stated that…
Read MoreCHICAGO—Chief officials with the Hudson Gateway Association of Realtors and the New York State Association of Realtors hailed the recent vote by the Board of Directors of the National Association of Realtors to strengthen the Code of Ethics and ban harassing or hate speech by its members. On Nov. 13, the Board of Directors of…
Read MoreWASHINGTON—Existing-home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, according to the National Association of Realtors. All four major regions reported both month-over-month and year-over-year growth, with the Midwest experiencing the greatest monthly increase. Existing home sales rose 4.7% in the Northeast in October. Total existing-home sales—completed transactions that…
Read MoreWHITE PLAINS—When the 117th Congress convenes on Jan. 3, 2021, an era in Hudson Valley politics will come to an end. Real Estate In-Depth thought it only appropriate to honor a woman who has spent the past 32 years tirelessly advocating in the halls of Congress for her constituents in the 17th New York…
Read MoreGrowing your international residential real estate business in today’s “new normal” times requires listening, learning, pivoting and adapting. That advice, courtesy of Kevin Brown, senior global real estate advisor and associate broker with Sotheby’s International Realty in Manhattan, was presented on Nov. 5 during the 2020 Global Real Estate Summit, held virtually this year. Brown…
Read MoreELMSFORD—Since the pandemic began in March and restrictions were imposed to prevent the spread of the virus, all too frequently news reports have detailed the unfortunate closure of a popular business somewhere in the Hudson Valley. Recently, news came that COVID-19 took another business victim—the storied Westchester Broadway Theatre in Elmsford which had been a…
Read MoreWHITE PLAINS—In his State of the County address last evening, which was delayed due to a County Legislator testing positive for COVID-19, earlier this month, Westchester County Executive George Latimer said that while the pandemic is far from over, he is confident the county will recover from the virus’ ill effects. Noting that the…
Read MoreWHITE PLAINS—Homes sales in the northern suburbs of New York City, with the exception of the Bronx, have emerged strong from the COVID-19 restrictions on real estate showings that were lifted in June and most brokerage firms expect that trend of high sales to continue for the remainder of this year. As Real Estate In-Depth…
Read MoreAs the COVID-19 pandemic continues to impact the Hudson Valley’s real estate market and overall economy, Real Estate In-Depth this month turned to a veteran real estate executive— Martin Ginsburg—who has for 57 years thrived in boom times and survived a number of major real estate downturns and deep recessions for some much needed perspective.…
Read MoreIt’s been more than six months since the onslaught of COVID, and many Westchester businesses have closed or are still floundering. But perhaps one of the industries hit hardest by the pandemic has been tourism. After 47 years in operation, the renowned Westchester Hilton in Rye closed its doors in July. With 445 guest rooms,…
Read MoreEditor’s Note: The following is the full text version of the 2020 Third Quarter Residential Real Estate Sales Report Westchester, Putnam, Rockland, Orange, Sullivan, and Bronx Counties, New York released on Oct. 5 by OneKey™ Multiple Listing Service LLC. WHITE PLAINS—After experiencing solid first quarter sales, real estate practitioners in the lower Hudson Valley region,…
Read MoreALBANY—The New York State Association of Realtors announced today at its 2020 Virtual Fall Business Meetings that veteran Westchester Realtor Dorothy Botsoe, Broker/Owner of Dorothy Jensen Realty, Inc. of White Plains, has been named NYSAR 2020 Realtor of the Year. Botsoe, who has more than 30 years real estate experience, made history three years ago…
Read MoreNEW YORK—At a press conference staged outside the Castle Hill YMCA today, officials with the Hudson Gateway Association of Realtors and the Bronx-Manhattan North Association of Realtors celebrated the official merger of the two organizations. Eliezer Rodriguez, CEO of the former BMNAR, officiated the festivities that included speeches by a host of Bronx dignitaries, HGAR…
Read MoreNANUET—One of the largest residential brokerage firms in the Hudson Valley region has formed a new partnership with Howard Hanna Real Estate Services that significantly expands Howard Hanna Real Estate’s presence in Downstate New York State. The deal was announced today by Marsha Rand, founder and President of Rand Realty, and Helen Hanna Casey, CEO…
Read MoreWALLKILL—A firm that is looking to develop and operate a Dinosaur theme park here just off Route 17 in Fair Oaks has filed applications with the Town of Wallkill and the Orange County Planning Department, Real Estate In-Depth has learned. Orange County Executive Steve Neuhaus and Town of Wallkill Supervisor Frank DenDanto confirmed that Orange…
Read MoreWASHINGTON—Confirming what many Hudson Valley residential brokers have seen since the COVID-19 restrictions were lifted, the National Association of Realtors reported that the US existing home sales market is very hot. NAR reported that home sales in August were the highest in nearly 14 years (December 2006). Existing-home sales continued to climb in August, marking…
Read MoreAs the real estate industry in the Hudson Valley and the New York City metro region continues to adhere to new practices and safety protocols brought on by the coronavirus pandemic, Realtors’ acceptance and adaption to new technologies have been seen by many observers as critical in preventing the sector’s economic collapse in the spring…
Read MoreNANUET—While the third quarter 2020 residential sales numbers will not be released by OneKey MLS until next month, Better Homes and Gardens Rand Realty executive Joseph Rand in a sneak preview said the region is currently enjoying a very robust sales market. “The (sales) surge continues,” Rand said. He noted that in August, new deals…
Read MoreNEW CITY—After the Rockland County Legislature narrowly defeated his proposal to increase local sales taxes and sell a shuttered county office building to offset declines in revenues due to COVID-19, Rockland County Executive Ed Day threatened that in response he may be forced to lay off hundreds of county workers and raise taxes by 10%…
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