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WRO Alleges Rockland County Apartment Complex Discriminated Against People with Mental Disabilities

March 11, 2020

WHITE PLAINS—Non-profit fair housing agency Westchester Residential Opportunities, Inc. reported on March 9 it had filed suit against the ownership and manager of the 370-unit Tor View Village Apartments in Garnerville for alleged violations of federal, state and county fair housing laws. WRO charges in its litigation that individuals with mental disabilities were the subject…

Evolving Coronavirus Crisis Will Impact CRE, Lending Markets

March 4, 2020

WHITE PLAINS—As governments across the globe deal with the spread of the Novel Coronavirus—or COVID-19—the crisis hit home earlier this week when it was learned that an attorney from New Rochelle tested positive for the virus. On March 4, Gov. Andrew Cuomo confirmed reports that in addition to the 50-year-old attorney, three members of his…

Yonkers Movie Studio Project Granted Preliminary Approval for Incentives

February 20, 2020

YONKERS—At its Feb. 19th session, the Board of Directors of the Yonkers Industrial Development agency granted preliminary approval of proposed financial incentives for a movie studio complex to be built at the iPark complex here. The incentives are in connection with the $60-million first phase of the studio complex for Lionsgate motion picture company. The…

Coalition Leaders Make the Case for Route 17 Expansion

February 19, 2020

GOSHEN—Although Gov. Andrew Cuomo and the State Legislature are currently grappling with how to close a $6-billion budget shortfall, representatives of a coalition advocating for a $500-million project to expand Route 17 from Harriman in Orange County to Monticello in Sullivan County are undeterred in their belief that now is the time to move forward…

Golf Course Owners Continue to Look for Ways to Maximize Revenues at Hudson Valley Properties

February 18, 2020

TOWN OF WALLKILL—The golf course industry nationwide and in the New York metro region continues to struggle with declining memberships and revenues. A host of facilities in the Hudson Valley have turned to either outright sale or multifamily development on their course properties to increase revenues. These deals in some cases are geared to maintaining…

HGAR Re-Launches Young Professionals Network Group for 2020

February 11, 2020

TARRYTOWN—The Hudson Gateway Association of Realtors has re-launched its Young Professionals Network group for 2020, following a two-year hiatus. YPN, which was originally established by the National Association of Realtors in 2006, is tasked with helping the younger generation of Realtors build a stronger link with the real estate industry and expand networking and business…

Mill Creek Acquires Blessed Sacrament School Site

February 10, 2020

NEW ROCHELLE—Mill Creek Residential of Boca Raton, FL has acquired a little more than two acres of land that housed the former Blessed Sacrament elementary school and will develop a new eight-story 334-unit multifamily project at the site. The sale of the property was reported by commercial brokerage firm CBRE on Feb. 5, which represented…

Westchester County IDA Supported $1.6 Billion in New Investment in 2019

January 29, 2020

WHITE PLAINS—The Westchester County Industrial Development Agency announced recently it provided financial incentives for a wide range of new commercial developments that accounted for approximately $1.6 billion in new investment in Westchester County. The projects incentivized in 2019 involved more than 2,800 in new proposed residential units. Some of the projects involved repurposing vacant office…

Rye-Based Acadia Realty Making More Than $100M Play in SoHo

January 29, 2020

NEW YORK—Acadia Realty Trust of Rye has closed on the purchase of a retail condo in the SoHo section of Manhattan for $15.4 million from Premier Equities. The transaction is part of a string of recent and pending purchases by Acadia in SoHo and along Greene Street totaling more than $100 million. The latest deal…

Gail Fattizzi Takes Over as 2020 HGAR President

January 22, 2020

SOUTH SALEM—Veteran real estate broker and executive Gail Fattizzi was installed as the 2020 president of the Hudson Gateway Association of Realtors on Jan. 16 at a gala dinner event held at Le Chateau here. Fattizzi, who has served for 24 years as the executive director of the independent real estate brokerage network Westchester Real…

Strong Economy, Low Interest Rates Bolstered Hudson Valley Home Sales Markets in 2019

January 22, 2020

WHITE PLAINS—A continued strong economy with low unemployment and plenty of credit at historically low interest rates, blunted most of the impact of federal tax reform that included a cap on state and local taxes (SALT) in the Hudson Valley region. Fourth quarter and full-year market statistics and analysis released recently by the Hudson Gateway…

CE Neuhaus Says County Will Issue RFP For Development at Camp LaGuardia

January 22, 2020

CHESTER—Orange County Executive Steven Neuhaus told a group of construction and organized labor leaders earlier this month that the county will put out a Request for Proposals for future development at the county-owned former Camp LaGuardia property in Chester and Blooming Grove, NY in coming weeks. Neuhaus, who appeared at the Jan. 14th meeting of…

Westchester Developer Predicts Booming County Economy in 2020’s

January 15, 2020

WHITE PLAINS—For the approximately 150 real estate and building executives assembled at the Building Owners and Managers Association luncheon on Jan. 9, many are now hoping that Westchester developer Robert Weisz is as wise a prognosticator as he has been a real estate investor. Weisz, a principal of RPW Group of Rye Brook, near the…

HGMLS: Home Sales in Hudson Valley Remained Strong in 2019

January 9, 2020

WHITE PLAINS—Sales of residential real estate in the lower Hudson Valley remained strong in 2019, according to the recently released “2019 Annual And 4th Quarter Residential Real Estate Sales Report—Westchester, Putnam, Rockland, Orange and Sullivan Counties, New York” by the Hudson Gateway Multiple Listing Service, Inc. Overall residential sales, which include condominium, co-op and two…

Gov. Cuomo Proposes Ambitious Agenda While NY State Faces $6-Billion Deficit

January 9, 2020

ALBANY—With the specter of a $6-billion shortfall facing New York State this legislative session, Gov. Andrew Cuomo delivered his 10th State of the State Address on Jan. 8 that featured a host of new initiatives, including a $3-billion environmental bond act to fight climate change, a renewed call for legalized cannabis, as well as infrastructure…

Two Worldwide Tourist Attractions Hail from the Bronx

December 16, 2019

Two of the New York metro area’s biggest tourist attractions, standing almost side-by-side and covering more than 500 acres, could be considered as anomalies within the concrete jungle of New York City. However, both the Bronx Zoo and the New York Botanical Garden are wide open havens of land nestled along Southern Boulevard in the…

NY State Real Estate Board Approves New Fair Housing Disclosure Rules

December 16, 2019

ALBANY—In response to recent published reports of alleged fair housing discrimination on Long Island, the Real Estate Board of New York on Dec. 16 approved new regulations for real estate professionals to help combat housing discrimination. The new regulations, which the New York State Real Estate Board approved today, mandate enhanced disclosures by real estate…

A Conversation with Bronx Borough President Ruben Diaz Jr.

December 12, 2019

Bronx Economy Continues to Attract Significant Investment With the publication of Real Estate In-Depth’s first special section on the Bronx, we thought it appropriate that our readers learn first-hand from the borough’s chief executive—Bronx Borough President Ruben Diaz Jr.—on the state of the borough. There is a lot happening in this borough made famous by…

College of New Rochelle Sold for $32 Million

December 4, 2019

NEW ROCHELLE—The unfortunate tale of the troubled College of New Rochelle has officially come to an end after 115 years. The storied College of New Rochelle campus was sold at auction for $32 million to the Trustees of The Masonic Hall & Asylum Fund. The United States Bankruptcy Court approved the sale in a hearing…

Harrison Adaptive Reuse Project in Line for Nearly $6.6M in Incentives

November 26, 2019

WHITE PLAINS—A developer that is seeking to redevelop a vacant office building into a 450-unit rental apartment complex secured a preliminary inducement of $6.57 million in mortgage and sales tax exemptions from the Westchester County Industrial Development Agency. The Westchester IDA granted the incentive package to 3 WPD Apartments LLC, an affiliate of Marcus Partners…