News

Yonkers Municipal Housing Authority Opens Affordable Housing Waiting List

June 29, 2022

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…

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Northeast Pending Home Sales Rose 15.4% in May

June 29, 2022

WASHINGTON—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…

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Construction Begins on LGBTQ+ Friendly Senior Project in Downtown White Plains

June 23, 2022

WHITE 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+…

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Panel Takes Deep Dive into NY Real Estate, Social Media and Channeling into Gen Z

June 17, 2022

NEW 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…

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Gov. Hochul Signs Bill to Make Hotel Conversions to Housing Easier

June 7, 2022

NEW 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…

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Matt Rand, CEO of Howard Hanna | Rand Realty Named to Mid-Hudson Regional Council Board

June 7, 2022

NANUET—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…

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Stark Office Suites Acquires Long Island-Based Champion Office Suites

June 6, 2022

GARDEN 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…

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NYC Mayor Adams Outlines Vision for ‘City of Yes’ Plan

June 2, 2022

First 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,…

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BASF Signs Sale/Partial Leaseback on Tarrytown Complex

May 26, 2022

TARRYTOWN—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…

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Westchester-Based PCSB Bank to be Acquired in $313-Million Deal

May 26, 2022

YORKTOWN 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…

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Northeast Pending Home Sales Fell More Than 16% in April

May 26, 2022

WASHINGTON—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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