News

The Orange County Real Estate Market Continues to Soar

September 22, 2021

Have you ever had that uncanny sensation where you’re experiencing something that you had said or done before? As I began to write this article, I was about two paragraphs in, and suddenly felt that strange feeling of déjà vu. I was reading my words and hearing something in my mind that was just so…

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NY Area Realtor Associations to Host Global Real Estate Summit on Sept. 30

September 21, 2021

NEW YORK—The Global Real Estate Summit NYC will take place Thursday, Sept. 30 and will bring together real estate’s most influential thought leaders to share best practices for tackling challenges and seizing opportunities in the global marketplace. The global summit, now in its 15th year, will feature both in-person and virtual options, from 9 a.m.…

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NY State Selects Two Green Projects Valued at $8.2 Billion

September 21, 2021

NEW YORK—In a major step to convert the state’s energy grid to green, New York State has selected two major green energy infrastructure projects that will cost $8.2 billion to develop and help bring wind, solar and hydropower from Upstate New York and Canada to New York City. The two projects involve a total of…

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Some Unique Places to Visit in Orange County this Fall

September 20, 2021

As we all bid farewell to summer and hello to autumn, Orange County continues to be a very popular destination for traditional fall outings like apple and pumpkin picking, exploring corn mazes, wine tasting, hiking and even driving through scenic small villages to view the foliage. But for those who might be looking for something…

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Route 17 Third Lane Project Could Cost as Much as $1 Billion

September 20, 2021

POUGHKEEPSIE—The cost of adding a third lane on a 47-mile stretch of Route 17 from Harriman to Monticello in each direction is now being estimated at anywhere from $525 million to as high as $1.04 billion, depending on the scope of the improvements to be undertaken. The latest project cost estimates were revealed at the…

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Westchester County Executive Latimer Cuts Ribbon On Redevelopment of Former WestHELP Facility

September 15, 2021

GREENBURGH—On Sept. 14, Westchester County Executive George Latimer cut the ribbon on the Mayfair Apartments in Greenburgh. The completed project involved the redevelopment of the former WestHELP Greenburgh Homeless Shelter on the Westchester Community College Campus built in the 1980s into 74 units of affordable rental housing for seniors aged 62 and older. The project…

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Student Loan Debt Holding Back Majority of Millennials from Homeownership

September 15, 2021

WASHINGTON—Sixty percent of non-homeowning millennials say student loan debt is delaying their ability to buy a home, by far the most affected population, according to a new poll released on Sept. 14 by the National Association of Realtors. The findings also show that Americans burdened with high student debt see the impact on their daily…

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HGAR’s 105th Annual Members Day to Go Live, with Precautions

September 9, 2021

Considering the recent increase in the Delta variant of COVID cases, the Hudson Gateway Association of REALTORS® will hold its 105th Annual Member Appreciation Day as a LIVE event on Monday, October 25, but with precautions. The HGAR Board of Directors will be considering a measure that would require ALL participants to show proof of…

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Business Council Issues Recommendations For County to Spend $188M in COVID Funds

September 9, 2021

WHITE PLAINS—The Business Council of Westchester’s Economic Recovery Task Force has issued a number of far-reaching recommendations to Westchester County on how to spend approximately $188 million in federal funding from the American Rescue Plan to help foster economic development and continued recovery from the coronavirus. The report issued on Sept. 8 included hundreds of…

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Home Services of America Acquires BHHS Hudson Valley Properties Brokerage Firm

September 1, 2021

MINNEAPOLIS— HomeServices of America, Inc., a Berkshire Hathaway affiliate, announced today it had acquired Berkshire Hathaway HomeServices Hudson Valley Properties, which is headquartered in LaGrangeville in Dutchess County. The firm has been servicing the Mid-Hudson Valley market for the past 29 consecutive years. Hudson Valley Properties will join the Berkshire Hathaway HomeServices New England Properties…

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Westchester IDA Issues RFP for Construction Pre-Apprenticeship Program

September 1, 2021

WHITE PLAINS—As part of its new local workforce policy, the County of Westchester Industrial Development Agency has issued a Request for Proposal for the launch of a pre-apprenticeship program to help create construction careers for county residents and fill positions on IDA-induced development projects. This Pre-Apprenticeship Program will give participants training and exposure to the…

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Study: Majority of Business Travelers to Reduce Trips Due to Rising COVID Cases

September 1, 2021

WASHINGTON—In what can only be described as disheartening news for the already beleaguered hotel and hospitality industries, a survey indicates that many U.S. business travelers are scaling back travel plans amid rising COVID-19 cases. A new national survey conducted by Morning Consult on behalf of the American Hotel & Lodging Association found that 67% of…

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Westchester LDC Approves up to $400 Million in Bonding for Purchase College Senior Project

August 27, 2021

WHITE PLAINS—Due to rising construction costs, The Board of Directors of Westchester County’s Local Development Corporation (LDC) voted on Aug. 24 to approve a developer’s application to amend the LDC’s previous preliminary approval of tax-exempt bond financing for the development of a senior learning community on the SUNY Purchase campus. The LDC Board approved increasing…

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White Plains Hospital Pays $38M for Post Road Development Site

August 25, 2021

WHITE PLAINS—A nearly five-acre development site on Post Road in White Plains has been acquired by the ever-expanding White Plains Hospital for $38 million. The deal for the former site of the Scholz car dealership at 77 W. Post Road was announced by commercial brokerage firm CBRE. The seller of the property is a partnership…

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NAR: U.S. Existing-Home Sales Climbed 2% in July; Northeast Sales Were Flat

August 24, 2021

WASHINGTON—Existing-home sales rose in July, marking two consecutive months of increases, the National Association of Realtors reported on Aug. 23. Three of the four major U.S. regions recorded modest month-over-month gains, and the fourth remained level. Figures varied from a year-over-year perspective as two regions saw gains, one witnessed a decline and one was unchanged.…

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