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NAR: Despite Pricing Plateau, Commercial Real Estate Outlook Remains Bright

September 13, 2017

WASHINGTON— Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors quarterly commercial real estate forecast (available at https://www.nar.realtor/reports/commercial-real-estate-outlook). Backed by the ongoing stretch…

David Rockefeller Estate on Market for $22 Million

September 13, 2017

POCANTICO HILLS—The lavish Hudson Pines estate of billionaire philanthropist and banker David Rockefeller is on the market for sale for $22 million. The former chairman and CEO of Chase Manhattan Bank passed away at the age of 101 in March of this year. Since his passing, Rockefeller’s estate began to sell off his various real…

President Trump Signs Extension Of National Flood Insurance Program

September 11, 2017

WASHINGTON—With the State of Texas reeling from the extensive damage of Hurricane Harvey and the State of Florida and other southern states assessing the havoc caused by Hurricane Irma, Congress recently passed legislation that will provide some assistance to the millions of people impacted by these devastating storms. On Thursday, September 7, the U.S. Senate…

HGAR’s CID Tackles the Future of Route 17

September 7, 2017

GOSHEN—The Commercial Investment Division of the Hudson Gateway Association of Realtors hosted an informative and at times provocative roundtable discussion on growth along the Route 17 corridor and how the current two-lane (both east and west) arterial can handle future growth. With the March opening of the more than $1-billion Resorts World Catskills Casino and…

SPOTLIGHT ON: John Olivero

September 6, 2017

A Burning Passion for Real Estate John Olivero really loves Goshen. Some 27 years ago, the former Staten Island firefighter got in his car and started driving north in search of an affordable home in a nice, quiet community. He got off at the Goshen exit and has been there ever since! Today, the broker/owner…

Regional Plan Assoc. Says Billions Needed To Improve Trans-Hudson Commutation

September 6, 2017

NEW YORK—While President Donald Trump and New York Gov. Andrew Cuomo have each professed the need for the federal and state governments, and the private sector to invest more in infrastructure, a proposal released by the Regional Plan Association to fix the New York City transit system may test the mettle of both men. The…

HGAR Echoes NAR’s Call for Donations To Relief Fund for Hurricane Victims

September 6, 2017

WHITE PLAINS—The Hudson Gateway Association of Realtors is joining the National Association of Realtors, calling on members nationwide to donate funds to the Realtor Relief Foundation to support Hurricane Harvey victims. The RRF, whose goal is to help families who have endured catastrophic loss, will use the money for mortgage and rental assistance. NAR President…

Roundtable Program to Tackle Future Growth on Route 17

August 31, 2017

GOSHEN—The Commercial Investment Division of the Hudson Gateway Association of Realtors, in cooperation with the Orange County Partnership, is holding a breakfast meeting on Thursday, Sept. 7 to discuss “The Future of Route 17.” The event will be held at the Harness Racing Museum & Hall of Fame at 240 Main St. and will begin…

Annual Members Day to Feature Mel Robbins of CNN as Keynote Speaker

August 30, 2017

TARRYTOWN - Just one day before Halloween, some 1,000 Realtors are expected to converge on the DoubleTree Hotel in Tarrytown for HGAR’s 101st Annual Member Appreciation Day. The Monday, October 30 day-long event will feature Mel Robbins of CNN as the keynote speaker. This free event, open to all HGAR members, will be drawing Realtors…

NAR Describes Inventory Levels as ‘Pitiful’

August 25, 2017

WASHINGTON—The National Association of Realtors released two telling reports this month that detailed the anemic levels of home sale inventory, describing supply conditions as “pitiful” and inventory shortages in some markets as “severe.” In a report released on second quarter home sale prices, NAR stated the headstrong supply and demand imbalances in much of the…

Rep. Maloney Introduces Bill to Help First-Time Buyers

August 25, 2017

MIDDLETOWN—U.S. Rep. Sean Patrick Maloney (D-NY-18) held a press conference at the home of recent first-time homebuyers Taylor and Justin Van Dyke on Aug. 23rd to announce he intends to re-introduce bipartisan legislation to assist first-time homebuyers save for their down payment and pay for closing costs on their initial home purchase. Rep. Maloney ‘s…

Woodbury Common Owner Settles AG Case Loudly

August 25, 2017

CENTRAL VALLEY—The owner of the highly popular Woodbury Common Premium Outlets here may have spent nearly $1 million recently to settle charges of engaging in anti competitive behavior, but it did not do so quietly. Simon Property Group after settling litigation with the New York State Attorney General over alleged anticompetitive tactics it employed in…

Governor Presides Over Opening of Western Span of Mario Cuomo Bridge

August 24, 2017

TARRYTOWN—More than 800 business, organized labor and political leaders gathered to commemorate a major milestone in the construction of the $3.9-billion Governor Mario M. Cuomo Bridge on Aug. 24— the opening of the western span of the new structure that will next year replace the Tappan Zee Bridge. Gov. Andrew Cuomo said at the ceremony…

Outdated Office Buildings to be Replaced by Luxury Rental Project

August 16, 2017

Toll Brothers Project a First for I-287 Corridor HARRISON—The repurposing of outdated suburban office buildings along the I-287 corridor along what had been known as the “Platinum Mile” took a historic turn to a new crossroads on Aug. 15 when Toll Brothers Apartment Living officially broke ground on the conversion of two outdated office buildings…

Orange County Legislature to Decide Sept. 7 Whether To Allow Town of Palm Referendum

August 16, 2017

CENTRAL VALLEY—The proposal to separate the Hasidic Jewish community of Kiryas Joel from the Town of Monroe and create the new community of Palm Tree appears headed to a vote by the Orange County Legislature on Sept. 7 and perhaps a townwide referendum vote on Nov. 7. Hundreds of opponents of a petition filed by…

Fordham University, HGAR Form Educational Partnership

August 16, 2017

Project Management, Finance Courses to be Offered in Westchester WEST HARRISON—The Real Estate Institute at Fordham University’s School of Professional and Continuing Studies has announced the expansion of its professional certificate programs to Westchester County. Beginning in September, in person courses in the Real Estate Finance & Investment and Construction Project Management certificate tracks will…

A Conversation with Laurence P. Gottlieb HVEDC President and CEO

August 15, 2017

The Hudson Valley’s Growing and Evolving Regional Economy NEW WINDSOR—Real Estate In-Depth recently sat down with Laurence P. Gottlieb, president and CEO of the Hudson Valley Economic Development Corporation based in Goshen, to discuss the key strengths of the Hudson Valley region and how HVEDC is looking to grow the regional economy. The HVEDC is…

‘So, How’s the Market?’

August 15, 2017

How many times per day are Realtors asked the simple question: “How’s the market,” and exactly what answer do we give to satisfy our local, inquiring minds? Is it a simple answer or does the answer depend on who’s asking the question or does it really vary from region to region? According to the National…

Three Firms in the Running for Westchester County Airport P3 Contract

August 14, 2017

WHITE PLAINS—Now that Westchester County successfully entered a public-private partnership to manage its Rye Playland amusement park, it is now proceeding toward a possible long-term agreement with a private operator to manage the Westchester County Airport. Three airport operator groups are now competing to take over operations at Westchester County Airport here in a controversial…

White Plains Leads the Way for County’s Office Market

August 10, 2017

WHITE PLAINS—The City of White Plains saw most of the major office leasing transactions in the second quarter, which paced overall activity in Westchester County, according to market reports released recently by a number of major commercial brokerage firms. Colliers International Group reports the City of White Plains followed a strong first-quarter performance with another…