NEW YORK—The ownership of Empire City Casino in Yonkers is being acquired by New York City-based gaming, hospitality and entertainment REIT VICI Properties Inc. in a deal valued at $17.2 billion. VICI Properties reported that it had entered into a definitive agreement (Master Transaction Agreement) with MGM Growth Properties LLC and MGM Resorts International (MGM…
Read MoreWHITE PLAINS—Officials with Regeneron Pharmaceuticals Inc. told members of the Westchester County Industrial Development Agency this morning that it expects to come before the agency “very shortly” with a major new development project in the Town of Greenburgh. Although Regeneron representatives did not provide any details on the new project, its representations at the session…
Read MoreTARRYTOWN—The planned expansion of Westchester County-based Regeneron Pharmaceuticals has exponentially increased and is now valued at $1.8 billion. The firm, which is seeking approvals from the Town of Greenburgh for an expansion plan valued at $480 million, is now moving forward with a multi-year expansion that will approach nearly $2-billion. The Tarrytown-headquartered firm’s updated expansion…
Read MoreConsidering the increase in the amount of vaccinations and decrease in COVID cases, the Hudson Gateway Association of REALTORS® has opted to hold its 105th Annual Member Appreciation Day on Monday, as a LIVE event on October 25, at the Sleepy Hollow Hotel and Conference Center in Tarrytown. (formerly the DoubleTree Hotel). Last year, for…
Read MoreWHITE PLAINS—Home sales activity in the Hudson Gateway Association of Realtors’ region continued to be historically robust in the second quarter of this year, fueled by strong demand and a continued economic recovery from the coronavirus pandemic. All key data metrics throughout the region were significantly higher in the second quarter, with the exception of…
Read MoreTo say that there has been a lot on the plate for Orange County Executive Steve Neuhaus would be an understatement. In his second term of office he had to deal with the death and devastation caused by the coronavirus pandemic beginning in March 2020. In an exclusive interview with Real Estate In-Depth, Neuhaus discusses…
Read MoreWHITE PLAINS—It’s no secret that the residential housing buying frenzy is continuing with a vengeance in our region, with properties still receiving multiple offers and many would-be home buyers left in the dust. Low interest rates, currently hovering around 3%, are helping to ignite the desire for home ownership. Lenders throughout the New York metro…
Read MoreWASHINGTON—The U.S. Department of Justice announced on July 1 it was withdrawing from a settlement it had reached with the National Association of Realtors last November in order “to permit a broader investigation of NAR’s rules and conduct to proceed without restriction.” The U.S. Justice Department has also filed to voluntarily dismiss its complaint against…
Read MoreThis may be the most difficult thing I’ve ever written as goodbyes often are. Although I know I have made the right decision to retire it does not come without ambivalence. It is difficult to imagine that I won’t be waking up each morning and heading to the job I love and have loved doing…
Read MoreWHITE PLAINS—The Westchester County Board of Legislators in a 15-2 vote last night approved an amendment to the existing Co-Op Disclosure Law that now requires a cooperative Board of Directors to provide a reason for a denial of an applicant seeking to purchase a unit at their property. The measure went into effect immediately as…
Read MoreGOSHEN—Three former officials with the Orange County Industrial Development Agency pled guilty earlier today before Orange County Judge Robert J. Prisco to felony corruption and conflict of interest charges, Orange County District Attorney David M. Hoovler announced. The IDA officials included its former managing director Vincent Cozzolino, CEO Laurie Villasuso and former Board Director Edward…
Read MoreWHITE PLAINS— With mortgage rates near all-time lows and significant pent-up demand, will New York’s residential real estate market favor sellers through 2021 and beyond? Real estate experts weighed in on what’s in store for the housing market and how agents can close deals from the East End to the West Side and all throughout…
Read MoreWHITE PLAINS—Decades of advocating for strong laws to promote co-op disclosure in order to prevent housing discrimination by cooperative boards may finally bear fruit later this month for members of the Hudson Gateway Association of Realtors and the consumers they represent. The Westchester County Board of Legislators at its meeting on June 28 is expected…
Read MoreGOSHEN—At the end of this month a familiar face in the real estate industry in Orange County and the Hudson Valley region will be retiring after more than 40 years of dedicated service. HGAR Chief Operating Officer Ann Garti, who also serves as the office manager for HGAR’s Goshen office, is retiring on June 30.…
Read MoreFrom sprawling Long Island Sound estates to stately Hudson River manors, to expansive rural retreats, the Hudson Valley is home to some of the most breathtaking luxury properties in New York and the nation. But, this time of year, when people begin to think about where to escape for the summer, inevitably, the Hamptons come…
Read MoreNEW YORK—The day everyone has been waiting for since last March is finally here. Gov. Andrew Cuomo at a press conference at One World Trade Center today lifted most New York State mandated COVID restrictions effective immediately. The governor during Day 472 of the pandemic emergency, noted that New York State went from the highest…
Read MorePOUGHKEEPSIE—An ongoing study on the costs of improvements to Route 17, including the possible construction of a third lane in both the eastbound and westbound directions could cost anywhere from as little as $245 million to as much as $1 billion, depending upon the scope of the project. Members of the New York State Department…
Read MoreWHITE PLAINS—A host of prominent Westchester County Realtors testified in favor of a long sought-after co-op disclosure bill last night during a virtual public hearing before the Westchester County Board of Legislators. The amendments to current county law would require that co-op boards provide a reason for the denial of an application when the co-op…
Read MoreA transformation is taking place in the City of Yonkers that is radically changing its public/affordable housing stock. Under the guidance of the administration of Yonkers Mayor Mike Spano and the president and CEO of the Municipal Housing Authority for the City of Yonkers Wilson Kimball, nearly three quarters of a billion dollars is being…
Read MoreNEW YORK—New York City Mayor Bill de Blasio said on an appearance this morning on the MSNBC Program Morning Joe that New York City will “fully reopen” by July 1. The mayor said that at that time there would be no restrictions on restaurants and other businesses. Please check back for further updates on this…
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