CENTRAL VALLEY—Experts that contend brick and mortar retail is dead, apparently have not heard of Woodbury Common Premium Outlets in Orange County. Owner Simon Property Group announced today it has officially presented plans for another expansion of the property located at the intersection of I-87 and Route 17. The latest expansion plan is valued at…
Read MoreGOSHEN—Orange County operates US Foreign Trade Zone #37. The Foreign Trade Zone was established by the federal government in May of 1978. It was intended to provide an economic boost to the greater Newburgh/New Windsor area that endured a significant blow when Stewart Air Force Base closed in 1971. Presently, the Orange County-Foreign Trade Zone…
Read MoreMIDDLETOWN—More than 300 people attended the second annual Orange County Economic Summit on Friday, Sept. 15 which focused on the county’s high-growth tourism, hospitality and film production industries. The program, held at Orange Hall at the SUNY Orange campus in Middletown, featured presentations and panel discussions by a host of political and economic development leaders,…
Read MoreAs we enter Hispanic Heritage Month, we come together not only to celebrate the rich history, vibrant cultures, and significant contributions of Hispanic individuals to our society, but also to recognize the deep personal connection many of us have to this celebration. This month, observed from Sept. 15th to Oct. 15th, is a time to…
Read MoreNEW YORK—OneKey MLS announced on Thursday, Sept. 14 it had launched an enhanced version of OneKeyMLS.com, the consumer property search portal offering property listings in New York City, Long Island and the Hudson Valley region from 49,000 subscribers and 4,500 participating offices in the New York regional coverage area. The new site features more in-depth…
Read MoreNEWBURGH—Hudson Valley Pattern for Progress released a new report on Sept. 12 that clearly identifies an affordability crisis for housing in the region, fueled by stagnant wages, increasing rents, and skyrocketing home prices that have stretched household budgets to their limits. The report, Out of Reach Hudson Valley 2023, uses federal and local data to…
Read MorePEEKSKILL—State and local officials joined the developer on Sept. 11 to celebrate the completion of a $51-million affordable housing project in Downtown Peekskill. The 645 Main St. development includes 82 apartments affordable to households earning between 40% and 80% of the Area Median Income, and a 140-space parking garage. The developers are the Housing Action…
Read MoreSLEEPY HOLLOW—The mixed-use Edge-on-Hudson community being built at the former site of a General Motors minivan assembly plant on the shores of the Hudson River has achieved a series of construction and sales milestones as the project enters new project phases of development. Project developers noted that it has been four years since home sales…
Read MoreWASHINGTON—The Mortgage Bankers Association reported on Sept. 6 that mortgage applications decreased 2.9% from one week earlier, according to data from the association’s Weekly Mortgage Applications Survey for the week ended Sept. 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9% on a seasonally adjusted basis from one week…
Read MoreNEWBURGH—New York State, county and city officials announced on Sept. 6 the completion of the $37-million East End II affordable housing project in the City of Newburgh. The East End II project has encompassed the renovation or construction of 24 properties and created 62 affordable homes, including 10 units with supportive services. The project also…
Read MoreALBANY—The COVID-19 pandemic has caused property tax disparity to worsen in New York City, driving housing costs higher for many, according to a report released on Sept. 6 by New York State Comptroller Thomas P. DiNapoli. Property tax disparities have been well documented for decades by advocates, fiscal monitors and the city, but the report…
Read MoreMatt McAllister, an agent with Corcoran Baer & McIntosh in Nyack and COO at Statewide Abstract, has raised almost $3,000 to date for the Hudson Gateway Realtor Foundation, through his recent 142-mile Steamboat Gravel Bike Race in Steamboat Springs, Colorado. To date, McAllister’s GoFundMe page has garnered $2,706 in donations and it will remain open…
Read MoreThe Hudson Gateway Association of Realtors regrets to inform its membership of the tragic passing of real estate veteran, HGAR member, association executive and attorney Don Cummins III on Friday, Sept. 1 at the age of 54. Cummins was previously the Team Leader at Keller Williams Realty Partners of Baldwin Place and formerly served as…
Read MoreNEW YORK—The developers of the long-anticipated movie/television studio project at Pier 94 on Manhattan’s West Side say that construction is expected to begin this fall on the $350-million, public-private partnership venture. On Aug. 29, Vornado Realty Trust, Hudson Pacific Properties, Blackstone, the City of New York, and the New York City Economic Development Corporation announced…
Read MoreCHICAGO—Two days after a New York Times report that detailed claims of sexual harassment against National Association of Realtors President Kenny Parcell, the Utah-based Realtor executive, while denying the allegations, resigned from the post on Monday (Aug. 28) effective immediately. President-Elect Tracy Kasper took over as NAR President effective immediately. The allegations and subsequent fallout…
Read MoreBRIARCLIFF MANOR—Howard Hanna | Rand Realty announced on Aug. 24 that the “Mark Seiden Real Estate Team,” of Briarcliff Manor has joined the regional brokerage firm. The deal marks the addition of another independent Westchester County-based real estate brokerage to the Howard Hanna | Rand Realty firm. Back in May, Howard Hanna | Rand Realty…
Read MoreWEST PARK, NY—Rand Commercial reports that it has brokered the $9.3-million sale of more than 522 acres of land here that was home to the Missionary Sisters of the Sacred Heart located on both sides of Route 9W. The property at 2054-2055 Route 9W was acquired by and will be the new home for the…
Read MoreWASHINGTON—Existing-home sales receded in July, according to the National Association of Realtors. Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, waned 2.2% from June…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors shined the spotlight on Westchester County on July 24 with a highly informative program that highlighted the latest in economic development, politics, as well as updates from HGAR on a host of its initiatives that impact Westchester County and its real estate market. The program was the second…
Read MoreMark Your Calendar TARRYTOWN—After holding its Annual Meeting & Member Appreciation Day at the Sleepy Hollow Conference Center (formerly the DoubleTree Hotel) for more than a decade, HGAR will be moving its biggest event of the year to the Westchester Marriot Hotel, located on Route 119 in Tarrytown on October 30. The hotel is currently…
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