Featured

HGAR Mourns Passing of Longtime Legal Counsel

June 14, 2018

WHITE PLAINS—One of the key people who helped shape the modern-day Hudson Gateway Association of Realtors has passed away at the age of 75. Longtime Board Legal Counsel Edward I. Sumber died on June 5 in Palm Beach Gardens, FL. Real Estate In-Depth talked with association leaders from past and present who were in unison…

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Music is in the Air This Summer at Many Hudson Valley Venues

June 13, 2018

Summer is coming and that translates to the feel of beach sand on bare feet, the aroma of dinner on the barbecue grill, and the sounds of everything from classic rock to jazz to country music filling concert halls throughout the Hudson Valley. Bands like Kansas, Poison, Yes, America, Jefferson Starship, Lady Antebellum and Justin…

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Metro-North President Talks Station Improvements, Capital Projects

June 7, 2018

RYE BROOK—Metro-North President Catherine Rinaldi briefed members of the Commercial Investment Division of the Hudson Gateway Association of Realtors and the Business Council of Westchester on June  7 on the latest railroad initiatives, including the long-awaited improvements to the White Plains station. Rinaldi, who recently spoke before the Orange County Citizens Foundation on the needs…

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Two Veteran Westchester Realtors Form New ‘LifeNY’ Brokerage Firm

June 7, 2018

WHITE PLAINS—Two veteran residential brokers and “Rising Stars”—Chirag Shah and Jason Wilson—have ventured out on their own and formed a new boutique brokerage firm here called “LifeNY.” The two Realtors, who both have been heavily engaged in the Hudson Gateway Association of Realtors, say their new firm will have “a laser focus on client services…

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Real Estate Panel Discusses Cannabis, Amazon Impacts; Region’s Future Opportunities

May 31, 2018

HARRISON—It’s rare indeed that the effects of Cannabis get much attention at a business event, perhaps with the exception of programs geared to either the medical or in some states law enforcement communities. But, times are definitely changing. On May 30, the Business Council of Westchester and Fordham University’s Real Estate Institute staged a roundtable…

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Rooney Family to Sell Empire City Casino to MGM for $850M

May 29, 2018

YONKERS—A study that began last November on the future of the Empire City Casino property here has resulted in a sales agreement valued at $850 million. The deal, which is expected to close in less than 12 months, will put an end to 46 years of the Rooney family owning the iconic casino and harness…

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Construction Begins on $100M St. Regis Project in Rye

May 24, 2018

RYE—A host of state, county and local dignitaries were on hand for the official groundbreaking of the St. Regis Residences Rye here earlier this month. The project, being developed by Harrison-based Alfred Weissman Real Estate, will include 95 luxury condominium residences ranging from one- to four-bedroom units located within five three- to four-story buildings constructed…

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NAR Expects Home Sales, Prices to Rise Despite Inventory, Affordability Challenges

May 24, 2018

WASHINGTON—A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 Realtors Legislative Meetings & Trade Expo held here earlier this…

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Latimer to Take Another Look at Westchester Airport Privatization Plan

May 23, 2018

WHITE PLAINS—Consistent with his campaign position on the privatization plan put forward by previous County Executive Robert Astorino, Westchester County Executive George Latimer has begun a process to revisit whether privatizing Westchester County Airport is such a good idea. The announcement of a study of the Westchester County Airport proposal comes weeks after the Latimer…

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Purchase College Moving Forward With $320M Senior Project

May 16, 2018

WHITE PLAINS—Officials with Purchase College-State University of New York briefed officials with the Westchester County Local Development Corp. at its session on April 26 on plans to build a $320-million Senior Learning Community on a 40-acre tract on the campus. The Westchester LDC is performing due diligence on the college’s proposal to have the LDC…

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New York Becomes First State to Join Fair Housing Lawsuit Against HUD

May 15, 2018

ALBANY—New York Gov. Andrew Cuomo announced on Monday that New York will be joining a lawsuit against the federal government’s alleged failure to enforce the Fair Housing Act. The lawsuit seeks to force the U.S. Department of Housing and Urban Development to enforce a rule requiring local and state governments to address segregated housing patterns…

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Rinaldi Discusses Planned Port Jervis Line Upgrades

May 15, 2018

GOSHEN—Metro-North President Catherine Rinaldi spoke before a gathering of the Orange County Citizens Foundation on May 9th at the Harness Racing Museum here and detailed planned improvements to the Port Jervis Line and issues impacting West of Hudson rail service. Rinaldi updated attendees on the status of the West of Hudson Regional Transit Access Study,…

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Westchester County, Greenburgh Agree To Senior Project at WestHELP Site

May 14, 2018

GREENBURGH—After reaching an agreement with the Town of Greenburgh, Westchester County Executive George Latimer announced on May 8th plans for the development of 74 units of affordable senior rental housing at the long vacant and controversial WestHELP site. The WestHELP site, a six-acre parcel located off Knollwood Road adjacent to the campus of Westchester Community…

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Business Council of Westchester Unveils BCW Data Exchange

May 9, 2018

RYE BROOK—Filling a pressing need for comprehensive, in-depth data on Westchester County, The Business Council of Westchester unveiled on May 8th the BCW Data Exchange. The free, user-friendly, online portal will for the first time provide businesses, non-profits and the public with key data about Westchester all in one place. Demographics, data on workforce, housing,…

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Critical Report Prompts Latimer to Reopen Rye Playland P3 Deal

May 9, 2018

WHITE PLAINS—A critical report citing breaches and potential significant liabilities to be borne by taxpayers has caused Westchester County Executive George Latimer to explore the county’s options on either renegotiating or perhaps terminating its contract with Standard Amusements, LLC to operate Rye Playland. Westchester County Executive Latimer, who was highly critical of the 30-year public-private…

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Million Air Nears Completion on $80M Expansion at Westchester County Airport

May 3, 2018

WEST HARRISON—Officials with Houston-based private aviation company Million Air said at a recent press briefing that the firm is nearing completion on its $80-million expansion project at Westchester County Airport here. Company executives were joined by county and municipal officials to open its new state-of-the-art 52,000-square-foot hanger at the airport at a ceremony on May…

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HGAR’s Chirag Shah Named a ‘Rising Star’ by Business Council

May 3, 2018

WHITE PLAINS—Realtor Chirag Shah, Principal Broker/Owner of Gateway Realty of Mamaroneck and  Lifestyle Westchester, will be honored next month along with the rest of the “Rising Stars” selected by the Business Council of Westchester. The Business Council of Westchester announced its 2018 class of “Rising Stars” on May 3. The winners will be honored on…

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UPDATE: Town's Rejection Puts $100M Project in Jeopardy

May 3, 2018

MIDDLETOWN—A rebuff by the Town Board of Hamptonburgh has Orange County political leaders and economic development officials scrambling to save a mega-warehouse project valued at $100 million. Medline, a health care distribution company based in Middletown, had hoped to build a 1.2-million-square-foot warehouse project in the Town of Hamptonburgh. However, members of the Town Board…

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RPA Proposes $71B Plan to Merge Metro-North, LIRR and NJ Transit

May 3, 2018

Talk about great timing! Newly appointed MTA Metro-North President Catherine Rinaldi will likely be asked what she thinks about a recently released proposal by the Regional Plan Association, pegged at $71.4- billion, to merge the MTA’s Metro-North, Long Island Rail Road and New Jersey Transit rail lines. The merged regional commuter rail network, named the…

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Iconic Downtown White Plains Building to be Sold

April 26, 2018

WHITE PLAINS—A storied building that has been a staple for nearly a century in Downtown White Plains is being put on the market for sale. The YMCA of Central and Northern Westchester has decided to put the White Plains YMCA complex on Mamaroneck Ave. on the market for sale. Officials with the YMCA said that…

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