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…
Read MoreNEWBURGH—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…
Read MoreWHITE PLAINS—The Westchester County Industrial Development Agency has proposed a set of new local hire labor policy directives for certain development projects securing incentives from the agency. The policy is geared to ensuring projects that are approved for bond financing or other incentives from the IDA hire 85% of its construction workers from the local…
Read MoreWASHINGTON—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…
Read MoreWhile details are still sketchy at press time, the massive state deficit that has been estimated between $8 billion and $15 billion may be the cause for the state to begin the process of awarding up to three casino gaming licenses in Downstate New York earlier than originally planned. Gov. Andrew Cuomo in his State…
Read MoreWHITE PLAINS—Residential brokerage experts in the New York metro region believe the home sales boom in the New York City suburbs will continue in 2021 while the recovery of New York City’s market will depend heavily on the success of the COVID vaccine and its impact on if and when residents and businesses will return…
Read MoreIRVINE, CA—A recently released study has found that pockets of the Northeast, including three counties in the Hudson Valley region, were most at risk to the impacts of the coronavirus heading into 2021. The report released on Jan. 21 by property database curator ATTOM Data Solutions found that 18 of the 50 U.S. counties most…
Read MoreWASHINGTON—Existing-home sales rose in December, with home sales in 2020 reaching their highest level since 2006, the National Association of Realtors announced today. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December. Total existing-home sales, completed transactions that include single-family homes,…
Read MoreWHITE PLAINS – In 2021, the Hudson Gateway Association of Realtors celebrates the 25th anniversary of the launch of its flagship monthly newspaper Real Estate In-Depth and is also acknowledging the 95th consecutive year of publishing a membership newspaper/magazine. In early 1995, based on the work of several Westchester County Board of Realtors’ committees, most…
Read MoreTo begin 2021, Real Estate In-Depth chose to interview HGAR President Crystal Hawkins Syska who begins her term under unprecedented circumstances with the nation in the grip of a deadly pandemic, a national economic crisis and social and political unrest that will likely shape policy and economic activity for years to come. In recognition of…
Read MoreWHITE PLAINS—Realtors in the Hudson Gateway Association of Realtors’ market area that includes the lower Hudson Valley region, adapted to state-imposed restrictions early in the pandemic and rode the wave of pent-up buyer demand to post sales increases as compared to 2019 activity. Sales in Westchester, Rockland, Orange, Sullivan and Putnam counties soared in the…
Read MoreMost readers of Real Estate In-Depth may not know Bart D’Andrea, but people have been seeing his work every month for the past 43 years. The graphic designer responsible for creating the look and feel of the association’s award-winning newspaper is also an accomplished artist, author, college professor, lecturer, Chi Gong instructor and former U.S.…
Read MoreWHITE PLAINS—The see-saw year, aka 2020, ended on an astonishingly high note for real estate practitioners in the Lower Hudson Valley, according to the 2020 Fourth Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland, Orange, Sullivan, and Bronx counties released on Jan. 5 by OneKey MLS. After experiencing strong first quarter sales, agents…
Read MoreAs the region enters 2021 with the specter of possible further economic restrictions due to rising coronavirus hospitalizations and deaths, but with the hope of improving conditions now that COVID-19 vaccines are starting to be administered, Real Estate In-Depth turned to a well-known and longtime successful commercial investor—Robert Weisz—for some much-needed perspective. Commercial real estate…
Read MoreWHITE PLAINS—National and regional real estate and economic experts are in unison that the housing and some sectors of the commercial real estate markets, in spite of and in some cases due to COVID-19, will continue to rebound from the early days of the pandemic next year. Hudson Gateway Association of Realtors officials and area…
Read MoreWASHINGTON—The House of Representatives on Dec. 8 passed the National Defense Authorization Act of 2021 on a bipartisan vote, which includes Rep. Sean Patrick Maloney’s (NY-18) provision permanently banning the establishment of new anchorages for oil barges on the lower Hudson River, from Yonkers to Kingston. “This is a victory for the Hudson Valley. I…
Read MoreIn spite of rising coronavirus cases in the county and throughout New York State, Orange County Executive Steve Neuhaus and keynote speaker and well-known executive recruiting executive Alan Guarino are bullish on the county’s prospects in 2021 now that vaccines will be arriving later this month. County Executive Neuhaus and Guarino, who is vice chairman…
Read MoreALBANY—In another sign of some light at the end of the tunnel on the COVID crisis, at a press conference on Wednesday, Gov. Andrew Cuomo announced that New York State will soon receive an initial delivery of enough COVID-19 vaccine doses for 170,000 New Yorkers. If all safety and efficacy approvals are granted by the…
Read MoreWHITE PLAINS—The Westchester County Industrial Development Agency announced on Nov. 25 it recently granted final approval for incentives ranging from $6.5 million to $13 million to Morgan Stanley for the financial services firm’s planned more than $200-million renovation of its corporate office complex at 2000 Westchester Ave. in Harrison. The Industrial Development Agency stated that…
Read MoreCHICAGO—Chief officials with the Hudson Gateway Association of Realtors and the New York State Association of Realtors hailed the recent vote by the Board of Directors of the National Association of Realtors to strengthen the Code of Ethics and ban harassing or hate speech by its members. On Nov. 13, the Board of Directors of…
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