Featured

Pattern Study Confirms NYC Migration to Hudson Valley

July 18, 2022

NEWBURGH, NY—A recently released study by regional research group Pattern for Progress found that media reports and sentiments of area Realtors of a significant exodus of New York City residents to the Hudson Valley were indeed accurate. The Pattern for Progress study released on July 8 found that during 2020—the first year of the COVID-19…

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Regeneron Pharmaceuticals Breaks Ground on $1.8B Expansion

July 18, 2022

TARRYTOWN—The largest business expansion project in the history of Westchester County became official on June 22. New York Gov. Kathy Hochul joined other state, county and local officials to celebrate the ceremonial groundbreaking of Regeneron Pharmaceutical Inc.’s $1.8-billion expansion project at its corporate headquarters campus in Tarrytown/Greenburgh. The biotechnology company has committed to create at…

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Orange County Partnership Launches Program to Secure Key Information on Available Properties Countywide

July 18, 2022

GOSHEN—Terming it as one of the most important efforts it has launched in more than 20 years, The Orange County Partnership officially unveiled its “Site Inventory Program” (SIP) that will, over the coming months, seek municipal government input from across Orange County to determine all available properties that could be developed in their respective jurisdictions.…

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Region’s Luxury Market Still Strong but Changes Appear Likely

June 23, 2022

WHITE PLAINS—The luxury market in Westchester County continues to be strong based on current sales data, however, officials with Houlihan Lawrence tell Real Estate In-Depth that the volatile stock market, rising interest rates and inflation are bound to bring about some changes in the weeks and months ahead. Anthony Cutugno, Sr. Vice President, Director of…

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Realtors Expect Home Sales Slowdown; Not a Market Collapse

June 22, 2022

WHITE PLAINS—With a backdrop of rising interest rates, slowing buying demand, high inflation and a turbulent stock market, some industry observers are questioning the strength of the residential sales market and forecasting hard times ahead. With the recent 0.75% increase in the short-term benchmark lending rate by the Federal Reserve to try and tame high…

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Northeast Pending Home Sales Fell More Than 16% in April

May 26, 2022

WASHINGTON—Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported today. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index…

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New York Developer Breaks Ground on $585 Million Project on Yonkers Waterfront

May 17, 2022

YONKERS—Westchester County and city officials were on hand on May 5 to celebrate the groundbreaking of a nearly $600-million mixed-use project that will transform a large swath of the city’s waterfront by adding nearly 1,400 units of housing to its growing housing stock. Extell Development officials turned the first dirt on its long awaited $585-million…

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HGAR Calls on State Lawmakers to Oppose ‘Good Cause’ Eviction and Pass Co-Op Transparency Bill

May 10, 2022

ALBANY—A contingent of more than 70 members of the Hudson Gateway Association of Realtors and staff traveled to Albany on May 10 to lobby state lawmakers on the organization’s 2022 legislative agenda that includes staunch opposition to “Good Cause” eviction and the association’s support for statewide co-op transparency legislation, similar to laws passed in Rockland…

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Caramoor Center for Music and the Arts—a Hidden Gem in Northern Westchester

May 9, 2022

KATONAH—Sequestered on 80 acres in the Katonah countryside in northern Westchester County, Caramoor Center for Music and the Arts is an unassuming, yet incredibly beautiful destination for live music performances of all genres. Featuring a Spanish courtyard, Venetian theater, sunken gardens, a Renaissance-infused music room and meandering pathways to explore, Caramoor also offers educational and…

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Realtors Predict Higher Rates Will Lead to Slower Sales, Not Collapse

April 21, 2022

WHITE PLAINS—Realtors believe that the lower home sales numbers registered in the first quarter of this year were due primarily to record low inventory and not any sharp decline in buying demand. In fact, brokers interviewed by Real Estate In-Depth agree that current economic headwinds in the form of high inflation, rising mortgage interest rates…

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Five Questions with Epoch Senior Living CEO Larry Gerber

April 21, 2022

Last month, partners Epoch Senior Living and National Development opened the doors for the first time to their new $120-million Waterstone of Westchester luxury senior housing project in Downtown White Plains. The independent living facility for those 62 and older offers everything a five-star hotel would offer and more. The 132-unit property is located across…

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Gov. Hochul Earmarks Up to $1 Billion for Route 17 Expansion

April 18, 2022

ALBANY—The most consequential economic development project for the mid-Hudson Valley region in decades is not a major corporate relocation, a large lease deal or a new massive warehouse developed by a national e-commerce giant. Instead, it will be a major infrastructure project that will surely facilitate mega deals like those mentioned above in the coming…

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Advanced Materials Firm Relocating Operations From Tarrytown to Hudson Valley iCampus

April 14, 2022

PEARL RIVER—Momentive Performance Materials Inc. is relocating its operations in Tarrytown to nearly 67,000 square feet of space at the 207-acre Hudson Valley iCampus property here in 2023. Momentive Performance, which is headquartered in Waterford, (Saratoga County) NY will relocate from its current space at 769 Old Saw Mill River Road in Tarrytown in early…

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