YONKERS—For the first time in more than 10 years, The Municipal Housing Authority for the City of Yonkers will be opening its waiting list for Housing Choice Vouchers (Section 8) for affordable housing. MHACY reported on June 27 that it is seeking to add 3,000 people to its waiting list for affordable housing vouchers. The…
Read MoreWASHINGTON—Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year contract activity slid in all four major regions. The Pending Home Sales Index, a forward-looking…
Read MoreNEW YORK—New York City Mayor Eric Adams and other city officials were on hand yesterday to cut the ribbon on a 183-unit affordable housing project developed on the former site of the Spofford Juvenile Detention Center in the Hunts Point section of the Bronx. The detention center was closed in 2011, after 54 years in…
Read MoreWHITE PLAINS—Westchester County Executive George Latimer was joined by LGBTQ advocates and others on Wednesday (June 22) to turn the first dirt on the county’s first LGBTQ+ friendly housing development that will bring 140 units of affordable senior housing to Downtown White Plains. The project will also include a larger space for The LOFT LGBTQ+…
Read MoreNEWBURGH—More than a year ago, Genting Americas, the parent company of Resorts World Catskills casino in Monticello, presented plans to the Newburgh Town Board to locate a Video Gaming Machine facility at the Newburgh Mall in eastern Orange County. The new plan was proposed after Genting scrapped an earlier proposal to build a VGM facility…
Read MoreNEW YORK—They’re smart, tech-savvy and in the market for housing, and they’re using social media to see what’s trending and who’s selling. Generation Z—defined as the 72 million people born between 1997 and 2012—are not your typical buyers and that presents challenges and opportunities for Realtors and agents. Real estate experts explored Gen Z’s patterns…
Read MoreSEATTLE—Sales of luxury U.S. homes fell 17.8% year-over-year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. That's according to an analysis of luxury real estate trends released on June 10 by Redfin.…
Read MoreELMSFORD—The 416-unit The View on Nob Hill Apartments complex here has changed hands. The new ownership is a partnership of New York City-based MC Real Estate Partners, LLC and Tokyo Trust Capital. The off-market transaction conducted on behalf of a large Japanese financial institution was announced on June 9. The seller of the property was…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors and the staff of Real Estate In-Depth regret to inform the membership and newspaper readership of the passing of John Vrooman, who died suddenly on June 5, 2022, at the age of 57 in upstate Lewiston, NY. John authored “Tech Talk” in HGAR’s monthly newspaper Real Estate In-Depth…
Read MoreWHITE PLAINS—The Westchester County Office of Economic Development announced on June 8 a partnership with leading accelerator group Cela Innovation to amplify and enhance the Element 46 incubator program. The new program will be known as the “Element 46 Tech Accelerator Powered by Cela.” The Element 46 Tech Accelerator Powered by Cela will curate a…
Read MoreTOWN OF WALLKILL–A crowd of 350 business, civic and political leaders from Orange County and the Hudson Valley were on hand on June 7 for the Orange County Partnership’s Annual Most Valuable Partner award presentation at the Barn at Villa Venezia in the Town of Wallkill. This year, the economic development organization honored Town of…
Read MoreNEW YORK—On June 7, New York Gov. Kathy Hochul signed legislation (S.4937C/A.6262B) to create more flexible rules for converting underutilized hotel space into permanent housing. Gov. Hochul signed the bills with New York State Senator Brian Kavanagh, New York City Mayor Eric Adams, and housing and labor advocates at an event held at 633 Third…
Read MoreNANUET—Matt Rand, CEO and President of Howard Hanna | Rand Realty, has been recently appointed to the Board of Directors of the Mid-Hudson Regional Economic Development Council. Rand becomes the first real estate professional to sit on Mid-Hudson Regional Economic Development Council (MHREDC) Board. MHREDC is the strategic economic advisory board representing the seven counties…
Read MoreGARDEN CITY, NY—Stark Office Suites has announced its acquisition of Champion Office Suites of Garden City. With the deal in Nassau County, Stark Office Suites now operates 12 executive office suite locations in the New York metropolitan area. Stark Office Suites, which began operations in 2004 and is headquartered in White Plains, saw the opportunity…
Read MoreGOSHEN—The Orange County Partnership announced on June 1 that Conor Eckert, the Senior Development Officer and Vice President of Business Attraction for the Orange County Partnership, has received the coveted “Rising Star” award from the New York State Economic Development Council (NYSEDC). The award was presented to Eckert, who joined the Orange County Partnership in…
Read MoreFirst Economic Hub to Be Established in the Bronx NEW YORK – New York City Mayor Eric Adams laid out a plan to use the city’s zoning tools to support small businesses, create affordable housing and promote sustainability—part of his vision for New York to become a more inclusive, equitable “City of Yes.” The plan,…
Read MoreALBANY—New York City lags behind the rest of the state and nation in regaining the jobs lost from the onset of the pandemic in March and April 2020, according to an analysis on the city’s labor force released by New York State Comptroller Thomas P. DiNapoli on May 31. By March 2022, the city recovered…
Read MoreTARRYTOWN—An entity managed by New York City-based Northpath Investments—Tarrytown Holdings DE LLC—has acquired in a sale/partial leaseback transaction with BASF Corp., 500 and 540 White Plains Road in Tarrytown in a deal valued at $26 million. The deal was announced by commercial brokerage firm CBRE. The majority of 500 White Plains Road, a research and…
Read MoreYORKTOWN HEIGHTS—Boston-based Brookline Bancorp, Inc. and PCSB Financial Corporation, which is headquartered in Yorktown Heights, announced on May 24 that they had entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly owned subsidiary, PCSB Bank for approximately $313 million in cash and stock. Following the transaction, PCSB Bank will operate…
Read MoreWASHINGTON—Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported today. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index…
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