NEW YORK—Mitsui Fudosan America and Newmark announced on Oct. 6 three recently completed leasing transactions totaling more than 230,000 square feet at 1251 Ave. of the Americas bringing the 54-story office tower to 99% leased. The building has maintained strong leasing momentum despite pandemic-induced tenant uncertainty that has stalled leasing activity in other parts of…
Read MoreNEW YORK—Non-profit multifamily housing finance company The Community Preservation Corporation released a new paper on Oct. 5 outlining a critical path it says needs to move forward for saving the New York City Housing Authority. The white paper entitled “Ending the NYCHA Blame Game: A Multi-Pronged Solution to Fix Decades of Disinvestment” explains the realities…
Read MoreNEW YORK—A subsidiary of Realogy, parent of Coldwell Banker Real Estate, LLC, has acquired New York City brokerage firm Warburg Realty, which began operations in New York City 125 years ago. The storied New York City based brokerage will operate as Coldwell Banker Warburg and will be fully rebranded in January 2022, following filings with…
Read MoreHoward W. Hanna, Jr., who co-founded Howard Hanna Real Estate Services in Pittsburgh, PA in 1957, passed away at the age of 101 on Sept. 25. After serving as an American Liaison Officer with the British Army in India in World War II, Hanna, and his wife Anne Freyvogel Hanna, began the real estate company…
Read MoreNEW YORK—The Metropolitan Transportation Authority announced on Sept. 27 that the environmental review process for the Metro-North Penn Station Access Project is complete. The milestone makes four new stations in the Bronx as well as direct Metro-North service to Penn Station from the Bronx, Westchester, and Connecticut a step closer to reality. On Sept. 24,…
Read MoreNEW YORK—The New York City Housing Authority and the New York City Department of Housing Preservation and Development reported on Sept. 28 they had finalized a $60-million deal that will bring 101 new affordable apartments to the Mott Haven neighborhood of the Bronx. Construction on the 101-unit Betances Family Apartments building at a site of…
Read MoreWHITE PLAINS—A man who for more than three decades was a driving force behind the growth and growing respect of the Westchester County Board of Realtors has died. P. Gilbert Mercurio, who led the Westchester County Board of Realtors and its successor organization the Westchester Putnam Association of Realtors for 31 years as its chief…
Read MoreYONKERS—New York Gov. Kathy Hochul announced on Sept. 23 the completion of the Dayspring Campus, a $43-million development with 63 affordable and supportive apartments and a newly renovated community center in Southwest Yonkers. Financed with more than $20.6 million in assistance from state Homes and Community Renewal, the development includes 37 apartments reserved for homeless…
Read MoreMONTGOMERY—The New York International Air Show returned to Orange County this year despite the COVID-19 pandemic. The highly popular event was held at the Orange County Airport in Montgomery during the weekend of Aug. 28-29. In 2020 the event was also held to limited crowds at Orange County Airport after previously being staged at the…
Read MoreMIDDLETOWN—If any attendees at the Sept. 21 Investor Breakfast of the Orange County Partnership were questioning the strength of the county’s economy, any misgivings were wiped away by the breadth of the positive data and forecasts offered by economic development, government and business experts at the event. Orange County Partnership President and CEO Maureen Halahan…
Read MoreWHITE PLAINS—Berkeley College has put two White Plains buildings that formerly served as its Westchester campus on the market for sale. The availability of the properties at 99 Church St. and 6 Cottage Place in Downtown White Plains was announced by commercial brokerage firm RM Friedland, which is marketing the campus. Berkeley College, a provider…
Read MoreHudson Gateway Association of Realtors®, Inc. (HGAR) has announced the availability of financial assistance to local residents impacted by flooding from Hurricane Ida. Hudson Valley residents can apply for disaster relief assistance through the Realtors® Relief Foundation (RRF), a charitable organization created by the National Association of Realtors® to provide housing-related assistance to victims of…
Read MoreHave 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…
Read MoreNEW 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.…
Read MoreNEW YORK—After an unprecedented year of shutdowns, New York City is open for business and Manhattan’s residential real estate market is showing renewed signs of strength. That momentum is only expected to increase as the cultural and entertainment revival continues and new developments lure buyers back to the city, according to a panel of real…
Read MoreNEW 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…
Read MoreAs 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…
Read MorePOUGHKEEPSIE—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…
Read MoreALBANY—According to preliminary figures released today by the New York State Department of Labor, the number of private sector jobs in New York State increased over the month by 28,000, or 0.4%, to 7,519,400 in August 2021. By comparison, the number of private sector jobs in the U.S. increased by 0.2% in August 2021. New…
Read MoreNANUET—New York Gov. Kathy Hochul announced on Sept. 14 the opening of Vincent's Village, a $42-million affordable and supportive housing development in the village of Nanuet. Supported with $21.9 million in financing from New York State Homes and Community Renewal, the development has 93 affordable homes with on-site health and wellness services for adults age…
Read More