WHITE PLAINS—A perfect storm of market forces—strong buyer demand, low interest rates, soaring housing costs in New York City and a vibrant local economy helped propel residential home sales in the four-county market area of the Hudson Gateway Association of Realtors to a five-year high. The Hudson Gateway Multiple Listing Service, Inc. reported 4,525 residential…
Read MoreEditor’s Note: The following is the full text version of the 2016 Second Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York released recently by the Hudson Gateway Multiple Listing Service. WHITE PLAINS—Prospective homebuyers who were out in force during the first several months of 2016 came to the…
Read MoreMIDDLETOWN—Gov. Andrew Cuomo made a stop at the Paramount Theatre here on July 6th to announce that the City of Middletown had won a hotly contested $10-million state grant to help revitalize its downtown district. A host of state, county and local dignitaries were on hand for the announcement that Middletown had secured the Downtown…
Read MoreMOUNT VERNON—Mayor Richard Thomas knows the city is playing catch up with neighboring Yonkers, White Plains and New Rochelle. However, the energetic young chief executive believes that for the city to bring in significant private investment it must spend capital to improve its neglected infrastructure. While he knows that the work to bring what he…
Read MoreALBANY - The New York State Department of Tax and Finance has published a form for distribution to new homeowners that provides guidance on the new STAR tax credit program, the New York State Association of Realtors reported on June 7. Homeowners who purchased their current home prior to May 1, 2014 and already receive…
Read MoreSLEEPY HOLLOW—In what Village of Sleepy Hollow Mayor Ken Wray described as simply “a defining moment for our village, a real turning point” and a break with its industrial past, the developers of The Edge-on-Hudson, a planned more than $1-billion mixed-use development, broke ground on the former site of the General Motors assembly plant here.…
Read MoreWHITE PLAINS—Despite a blistering rebuke of the actions by the White Plains Common Council over what has been a five-year long approval process, the $60-million French American School of New York development project here is still nowhere near breaking ground. New York State Supreme Court Judge Joan Lefkowitz in her recent ruling described the project…
Read MoreMark Your Calendar MOHEGAN LAKE—A.S.A.P. Mortgage Corp. is holding an event on Monday, May 23 at the Roma Grill restaurant in Mohegan Lake from 6:30 P.M. - 8:30 P.M to honor military personnel and veterans. The event to be held at 3131 East Main St. in Mohegan Lake is free for all veterans and military…
Read MoreHudson Gateway Association of REALTORS® As we celebrate the 48th anniversary of the federal Fair Housing Act and the progress that has been made, sadly, we must recognize that after nearly five decades illegal discrimination in housing is a crime that still exists today. The Hudson Gateway Association of REALTORS® (HGAR) applauds Gov. Andrew Cuomo’s…
Read MoreNEW WINDSOR—The developer of a major warehouse distribution project in the Town of Newburgh will have to wait until next month to possibly secure millions of dollars in incentives for its $40-million facility that will include anchor tenant AmerisourceBergen. The Orange County Industrial Development Agency delayed two votes on granting incentives to the major distribution…
Read MoreWHITE PLAINS—The Hudson Valley home sales market in the first quarter continued its upward trajectory, with increased sales throughout the four county region. However, the market has yet to truly become a seller’s market since sale prices were flat or even decreased in the four county HGAR region. A majority of all housing categories (single…
Read MoreWestchester, Putnam, Rockland and Orange Counties, New York Editor’s Note: The following is the full text version of the 2016 First Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York released today by the Hudson Gateway Multiple Listing Service, Inc. WHITE PLAINS - Realtors operating in the four-county lower…
Read MoreALBANY—New York Gov. Andrew Cuomo and state legislative leaders announced on March 31 that they had agreed on a $147-billion budget for Fiscal Year 2016-2017 that includes a phased in $15-minimum wage in portions of the state, paid family leave and a middle-class tax cut. The budget holds growth in state spending to 2% for…
Read MoreWHITE PLAINS—Veteran real estate investor and developer Robert Weisz says Westchester County should benefit from the heady New York City office market in 2016. Weisz, principal of the RPW Group of Rye Brook, hosted approximately 40 commercial brokers at a meeting of the Hudson Gateway Association of Realtors’ Commercial Investment Division at his 1133 Westchester…
Read MoreNEWBURGH—Here’s a head scratcher, considering the robust commercial real estate market in the US and specifically in the Hudson Valley. A long-delayed, but much anticipated retail project here is on hold, a victim of the changing retail investments market, the ownership tells Real Estate In-Depth exclusively. The $250-million Loop-Hudson Valley project, which had leased more…
Read MoreCHAPPAQUA—A storyline that included a bankruptcy that changed everything, false hopes, staunch opposition, failed votes, litigation and in the end finally compromise ended with the groundbreaking of the controversial Chappaqua Crossing mixed-use project here. The approval process took 11 years to finish to get to the point where shovels went in the ground earlier this…
Read MoreHealth Care is the Rx for Hudson Valley Economy WHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. Recent projects announced or under construction in the Hudson Valley put the healthcare and bioscience sector well in excess of $1 billion in new projects. On Wednesday, March 2, a plan to build…
Read MoreNEWBURGH—A long-delayed, but much anticipated retail project here is on hold, a victim of the changing retail investments market, the ownership tells Real Estate In-Depth exclusively. The $250-million Loop-Hudson Valley project, which had leased more than 80% of the planned 650,000-square-foot to 700,000-square-foot project to be built on a 120-acre parcel at the junction of…
Read MoreWHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. On Wednesday, March 2, a plan to build a $230-million Ambulatory Care Pavilion adjacent to the existing Westchester Medical Center was approved by the Westchester County Local Development Corp. It is the LDC’s largest deal since its official formation in April 2013. The…
Read MoreHGAR to Move HQ Offices in April WHITE PLAINS—While the talk of the real estate industry in the Hudson Valley has been the emergence of the multifamily sector as an economic engine driving growth in the Hudson Valley economy, in early 2016 it has been the retail sector that has grabbed the major headlines with…
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