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Morgan Stanley Plans $200M Renovation of Harrison Office Complex Thanks to Westchester IDA Incentives

November 27, 2020

WHITE 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…

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U.S. Existing-Home Sales Jumped 4.3% in October

November 20, 2020

WASHINGTON—Existing-home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, according to the National Association of Realtors. All four major regions reported both month-over-month and year-over-year growth, with the Midwest experiencing the greatest monthly increase. Existing home sales rose 4.7% in the Northeast in October. Total existing-home sales—completed transactions that…

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Five Questions With U.S. Rep. Nita Lowey

November 19, 2020

  WHITE PLAINS—When the 117th Congress convenes on Jan. 3, 2021, an era in Hudson Valley politics will come to an end. Real Estate In-Depth thought it only appropriate to honor a woman who has spent the past 32 years tirelessly advocating in the halls of Congress for her constituents in the 17th New York…

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Listen, Learn, Pivot and Adapt: Today’s Secrets to Growing Your International Business

November 10, 2020

Growing your international residential real estate business in today’s “new normal” times requires listening, learning, pivoting and adapting. That advice, courtesy of Kevin Brown, senior global real estate advisor and associate broker with Sotheby’s International Realty in Manhattan, was presented on Nov. 5 during the 2020 Global Real Estate Summit, held virtually this year. Brown…

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Curtain Closes on Iconic Westchester Broadway Theatre

November 3, 2020

ELMSFORD—Since the pandemic began in March and restrictions were imposed to prevent the spread of the virus, all too frequently news reports have detailed the unfortunate closure of a popular business somewhere in the Hudson Valley. Recently, news came that COVID-19 took another business victim—the storied Westchester Broadway Theatre in Elmsford which had been a…

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Westchester County Executive Says State of County is ‘Fierce’

October 23, 2020

  WHITE PLAINS—In his State of the County address last evening, which was delayed due to a County Legislator testing positive for COVID-19, earlier this month, Westchester County Executive George Latimer said that while the pandemic is far from over, he is confident the county will recover from the virus’ ill effects. Noting that the…

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Home Sales in Most Local Markets Rebound from Pandemic Lockdowns

October 22, 2020

WHITE PLAINS—Homes sales in the northern suburbs of New York City, with the exception of the Bronx, have emerged strong from the COVID-19 restrictions on real estate showings that were lifted in June and most brokerage firms expect that trend of high sales to continue for the remainder of this year. As Real Estate In-Depth…

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Five Questions With Veteran Developer Martin Ginsburg

October 22, 2020

As the COVID-19 pandemic continues to impact the Hudson Valley’s real estate market and overall economy, Real Estate In-Depth this month turned to a veteran real estate executive— Martin Ginsburg—who has for 57 years thrived in boom times and survived a number of major real estate downturns and deep recessions for some much needed perspective.…

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Westchester Hotels Face Uphill Battle as COVID Restrictions Continue

October 16, 2020

It’s been more than six months since the onslaught of COVID, and many Westchester businesses have closed or are still floundering. But perhaps one of the industries hit hardest by the pandemic has been tourism. After 47 years in operation, the renowned Westchester Hilton in Rye closed its doors in July. With 445 guest rooms,…

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Hudson Valley Single-Family Home Sales Rise Sharply in Third Quarter

October 6, 2020

Editor’s Note: The following is the full text version of the 2020 Third Quarter Residential Real Estate Sales Report Westchester, Putnam, Rockland, Orange, Sullivan, and Bronx Counties, New York released on Oct. 5 by OneKey™ Multiple Listing Service LLC. WHITE PLAINS—After experiencing solid first quarter sales, real estate practitioners in the lower Hudson Valley region,…

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Breaking News: HGAR’s Dorothy Botsoe Named NYSAR Realtor of the Year

October 5, 2020

ALBANY—The New York State Association of Realtors announced today at its 2020 Virtual Fall Business Meetings that veteran Westchester Realtor Dorothy Botsoe, Broker/Owner of Dorothy Jensen Realty, Inc. of White Plains, has been named NYSAR 2020 Realtor of the Year. Botsoe, who has more than 30 years real estate experience, made history three years ago…

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Hudson Gateway Association of Realtors Officially Concludes Merger Deal with Bronx-Manhattan North Assoc. of Realtors

September 30, 2020

NEW YORK—At a press conference staged outside the Castle Hill YMCA today, officials with the Hudson Gateway Association of Realtors and the Bronx-Manhattan North Association of Realtors celebrated the official merger of the two organizations. Eliezer Rodriguez, CEO of the former BMNAR, officiated the festivities that included speeches by a host of Bronx dignitaries, HGAR…

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Rand Realty Forms Partnership with Howard Hanna Realty

September 30, 2020

NANUET—One of the largest residential brokerage firms in the Hudson Valley region has formed a new partnership with Howard Hanna Real Estate Services that significantly expands Howard Hanna Real Estate’s presence in Downstate New York State. The deal was announced today by Marsha Rand, founder and President of Rand Realty, and Helen Hanna Casey, CEO…

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Dinosaurs Coming to Wallkill?

September 25, 2020

WALLKILL—A firm that is looking to develop and operate a Dinosaur theme park here just off Route 17 in Fair Oaks has filed applications with the Town of Wallkill and the Orange County Planning Department, Real Estate In-Depth has learned. Orange County Executive Steve Neuhaus and Town of Wallkill Supervisor Frank DenDanto confirmed that Orange…

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Existing US Home Sales Reach Highest Point Since December 2006

September 23, 2020

WASHINGTON—Confirming what many Hudson Valley residential brokers have seen since the COVID-19 restrictions were lifted, the National Association of Realtors reported that the US existing home sales market is very hot. NAR reported that home sales in August were the highest in nearly 14 years (December 2006). Existing-home sales continued to climb in August, marking…

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Five Questions With National Association of Realtors CEO Bob Goldberg

September 17, 2020

As the real estate industry in the Hudson Valley and the New York City metro region continues to adhere to new practices and safety protocols brought on by the coronavirus pandemic, Realtors’ acceptance and adaption to new technologies have been seen by many observers as critical in preventing the sector’s economic collapse in the spring…

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Rand Predicts Record Home Closings in September Regionwide

September 4, 2020

NANUET—While the third quarter 2020 residential sales numbers will not be released by OneKey MLS until next month, Better Homes and Gardens Rand Realty executive Joseph Rand in a sneak preview said the region is currently enjoying a very robust sales market. “The (sales) surge continues,” Rand said. He noted that in August, new deals…

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