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…
Read MoreWASHINGTON—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…
Read MoreGOSHEN—Three former officials with the Orange County Industrial Development Agency paid nearly $1.27 million in restitution to the agency as part of plea agreements that afforded them no jail time for their acts of corruption. Vincent Cozzolino, Laurie Villasuso and Edward Diana were sentenced on Friday before Judge Robert Prisco in Orange County Court. Cozzolino,…
Read MoreSOMERS—The Hudson Gateway REALTOR Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $2,000 to Drug Crisis in Our Backyard, based in Somers, which services the Hudson Valley. Drug Crisis in Our Backyard was founded in 2012 by Susan and Steve Salomone, and Carol and Lou Christiansen after…
Read MoreConsidering 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…
Read MoreWHITE 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…
Read MoreMINNEAPOLIS— 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…
Read MoreWHITE 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…
Read MoreWASHINGTON—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…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreWASHINGTON—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.…
Read MoreYONKERS—The Yonkers Industrial Development Agency has announced that its Board of Directors voted at its August 17th meeting final approval of financial incentives for two new residential development projects—Horizon at Ridge Hill and Hudson Hill. The two projects represent a total private investment of approximately $129 million and are expected to create 183 construction jobs.…
Read MoreWHITE PLAINS—Pacific Western Bank and Square Mile Capital Management have together provided $181.91 million in funding for the redevelopment of the former AT&T building in Downtown White Plains into a multifamily housing development. The project includes the redevelopment of a vacant office building at 440 Hamilton Ave. to become a 13-story Class A multifamily building,…
Read MoreNEW YORK—Manhattan’s office market showed clear signs of breaking out of the pandemic shutdown during the second quarter of 2021, as leasing activity increased on the strength of several large deals signed. Officials with commercial real estate brokerage firm Transwestern Real Estate Services note that while the market is not back to pre-pandemic levels, availability…
Read MoreDespite the recent uptick in Delta variant COVID cases in the New York metro area, New York City is essentially open for business. Most Broadway theaters are reopening in September, restaurants and bars are now allowing vaccinated patrons to dine indoors and the residential real estate market is back in full swing. New developments are…
Read MoreNYACK—Christie's International Real Estate Westchester | Hudson Valley recently announced the opening of its new, state of the art sales gallery in Nyack, as part of the company’s ongoing expansion in the southern New York region. The new sales gallery is located in a prime location at 2-4 Franklin St. Christie’s has experienced great success…
Read MoreDuring the COVID-pandemic, Brown Harris Stevens Chief Executive Officer Bess Freedman has participated in several webinars hosted by the Hudson Gateway Association of Realtors and OneKey MLS and offered some frank assessments of market conditions, as well as her views on lockdowns and tax policies and their impacts on the market. In preparing for this…
Read MoreNEW YORK—Harbor Group International, LLC, a privately owned international real estate investment and management firm headquartered in Norfolk, VA, has entered into an agreement to acquire 51 W. 52nd St. in Midtown Manhattan for $760 million. Known as the “CBS Building” or “Black Rock,” this purchase marks the first sale since it opened in 1964.…
Read MoreCHESTER—Locally-based Keller Williams Realty: First in New York reported that its new office in Newburgh has launched operations recently, the result of the firm’s prior acquisition of the top-producing “Licensed2Sell Team,” which consists of eight agents led by veteran Realtors Dickie Baxter and Vinny Reda. The firm’s new office is located at 254 Route 17K,…
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