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Developers Have Some Big Plans for the Hudson Valley’s Small Cities

April 14, 2021

The cities of Peekskill in Westchester County and Newburgh in Orange County may be smaller than other major cities in the Hudson Valley, but both have some big development plans in the works. Peekskill, which has seen major changes over the past 10 years, is gearing up to add five new affordable and market rate…

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The Demise of Nuclear Power in Our Region

April 13, 2021

At the end of April, the Hudson Valley will bid farewell to an entity both loved and loathed in our region for almost 60 years—the Indian Point nuclear power plant in the Village of Buchanan in northern Westchester County. After providing power to the lower Hudson Valley since 1962, the third and final reactor—Indian Point…

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State Supreme Court Judge Strikes Down NYC Broker Fee Ban

April 11, 2021

ALBANY—New York State Supreme Court Judge Susan Kushner issued a ruling that is being viewed as a major victory for the real estate industry, terming Department of State guidance that banned New York State apartment tenants from paying broker fees “an error of law.” The ruling, first reported by The Real Deal, was handed down…

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UPDATE: Orange County IDA Board Terminates Managing Director, CEO Resigns

March 31, 2021

NEW WINDSOR—At a special meeting of the newly constituted Board of Directors of the Orange County Industrial Development Agency on Tuesday, March 30, the IDA Board voted to terminate the contracts of the managing director of the IDA and its Accelerator programs. On April 5, the chief executive officer of the IDA submitted her resignation. The…

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New York Lawmakers Push for SALT Cap Repeal

March 26, 2021

WHITE PLAINS—New York federal representatives and Westchester County Executive George Latimer staged a press conference on March 25th at the home of a White Plains resident to push for the repeal of the controversial SALT (State and Local Tax) deduction cap. U.S. Rep. Mondaire Jones (NY-17), U.S. Rep. Tom Suozzi (NY-03), U.S. Rep. Jamaal Bowman…

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Five Questions With NAR President Charlie Oppler

March 17, 2021

Charlie Oppler took over as president of the National Association of Realtors at a pivotal time for the national organization and for the nation’s real estate industry as well. With the advent of COVID vaccines and mass distribution now underway, the 1.4 million NAR members and the nation are beginning to adjust to what will…

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SPOTLIGHT ON: Jeanne Shields

March 8, 2021

A Give-Back Journey At this point in her life, Jeanne Shields is taking a little breather from her many, many philanthropic activities, including serving as a Trustee and fundraising volunteer for the Hudson Gateway Realtor Foundation. The Associate Broker with Howard Hanna | Rand Realty’s Nyack office has a very good reason for her much-needed…

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Orange County Legislature Replaces Entire IDA Board Over Transparency Complaints

March 5, 2021

GOSHEN—The Orange County Legislature, frustrated over attempts to secure financial documents from the Orange County Industrial Development Agency, voted to remove the entire seven-member IDA Board of Directors on Thursday evening after a two-hour-long executive session. Orange County legislators cited what they termed had been the lack of transparency by the Orange County Industrial Development…

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Westchester County IDA Approves New Local Hire Labor Policy

February 25, 2021

WHITE PLAINS—The Westchester County Industrial Development Agency’s Board of Directors earlier today (Feb. 25) unanimously approved a new local hire labor policy that will require incentivized project developers hire 85% of its construction workers from the local area; require its workers complete OSHA safety training; subcontractors be enrolled in a pre-apprenticeship program and that all…

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Achieving Success by Embracing the ‘Team’ Spirit

February 24, 2021

Patricia Dantzic admits she was a bit apprehensive about re-entering the workforce with a new career in real estate. After enjoying a successful profession in corporate communications in the music industry, she switched gears, earned her license and began working at a local agency. Soon afterward, she was approached by a team member from Berkshire…

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Genting Proposes Video Gaming Machine Facility At Vacant Bon Ton Dept. Store at Newburgh Mall

February 23, 2021

NEWBURGH—Representatives of Genting Americas, the parent company of Resorts World Catskills casino in Monticello, officially presented plans to the Newburgh Town Board on Feb. 22 to locate a Video Gaming Machine facility at the Newburgh Mall here. The $32-million “Resorts World Hudson Valley” project would convert 90,000-square-foot of space, including the now vacant Bon Ton…

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NAR Study: Black Home Buyers More Than Twice as Likely to be Rejected for Mortgage Loans than White Home Buyers

February 19, 2021

WASHINGTON—Minority homeownership continues to stubbornly lag behind the national rate, with Black Americans facing some of the toughest hurdles to achieving this essential part of the American Dream, according to a report released recently by the National Association of Realtors. The homeownership rate for Black Americans—42%—is nearly 30% less than the rate for white Americans…

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Five Questions with Westchester County Executive George Latimer

February 18, 2021

This month, Real Estate In-Depth talks with Westchester County Executive George Latimer, who recently announced he would be seeking a second term of office. As the COVID pandemic drags on and the county’s death toll topped 2,000 residents earlier this month, the County Executive has had to deal with a host of issues in addition…

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Resorts World Switches Gaming Project From Harriman to the Newburgh Mall

February 8, 2021

NEWBURGH—Resorts World Catskills Casino is poised to present plans for a Video Gaming Machine (VGM) facility at the Newburgh Mall here. The Genting Group, parent company of Resorts World Catskills Casino in Monticello, confirmed that it will soon present plans to the Town of Newburgh to develop the VGM facility in an attempt to capture…

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SALT Cap Repeal Bill Introduced in Congress

January 29, 2021

WASHINGTON—U.S. Reps. Mondaire Jones (D-NY), Tom Suozzi (D-NY) and U.S. Senate Majority Leader Charles Schumer on Thursday introduced the SALT Deductibility Act that would remove the $10,000 cap on state and local tax deductions imposed in 2017 under the federal tax reform law. The SALT Cap was highly criticized by New York politicians, as well…

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