News

Westchester CE Latimer Proposes Tax Cut Despite COVID Pandemic

November 11, 2020

WHITE PLAINS—With a backdrop of rising coronavirus cases in Westchester County and New York State, Westchester County Executive George Latimer has proposed a tax cut in his 2021 Operating Budget plan. The County Executive has proposed a $1-million tax cut for the second year in a row. The budget, thanks to $168 million in COVID-19…

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Orange County’s Commercial Market Outlook is Upbeat Despite Pandemic

November 10, 2020

TOWN OF WALLKILL—Panelists and participants in the Orange County Partnership’s recently held Commercial Market Forecast were bullish on investment and development interest and opportunities in Orange County in spite of and in some instances because of the COVID-19 pandemic. The program was held on Oct. 27 at the West Hills Country Club and was attended…

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More Than 50% of The St. Regis Residences Sold

November 4, 2020

RYE—As construction on the development nears completion, more than 50% of The St. Regis Residences, Rye, condominium residences have been sold. Recent sales activity has been brisk, with 13 homes sold in the last few months at the 92-unit property. In addition to Rye, buyers are coming from Long Island, Chappaqua, Harrison, Scarsdale, Larchmont, Mamaroneck,…

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SL Green Signs Deal to Sell Manhattan Building for $953 Million

November 4, 2020

NEW YORK—SL Green Realty Corp. reported on Nov. 4 that together with its partners, it had entered into a contract to sell 410 Tenth Ave for $952.5 million to an undisclosed buyer. The 636,000-square-foot Manhattan office redevelopment property is anchored by Amazon and First Republic Bank. SL Green currently owns 70.9% of the venture. As…

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HGAR Awards Realtor and Affiliate of the Year Awards

November 4, 2020

WHITE PLAINS—At its 104th Annual Meeting, held October 27 via Zoom teleconference, the Hudson Gateway Association of Realtors awarded Joseph Rand, Chief Creative Officer of Howard Hanna/Rand Realty in Nanuet as its "Realtor of the Year" for 2020. John Jordan, owner of Hudson Valley Editorial Services in Middletown, was named the 2020 HGAR "Affiliate Member…

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Yonkers IDA Grants Preliminary Approval of Incentives For Development of New $33M Apartment Building

November 2, 2020

YONKERS—The Yonkers Industrial Development Agency Board of Directors recently granted preliminary approval of financial incentives for the development of 56 Prospect St., a $32.6 million, seven-story residential building featuring 126 rental units. The project, which received preliminary approval at the IDA’s Oct. 28 meeting, is estimated to create 250 construction jobs and six permanent full-time…

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West New York Apartment Tower Secures $140M Refi Loan

November 2, 2020

WEST NEW YORK, NJ—LIHC Investment Group of Portland, ME and Rockport Mortgage Corporation Gloucester, MA announced today the closing of a $140-million FHA Section 223(f) refinancing loan for Parkview Towers, a 688-unit property located here. The development consists of two 24-story buildings and is owned by LIHC, a real estate investment group committed to the…

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Construction Begins on $126M Affordable Housing Project in South Bronx

October 30, 2020

NEW YORK—New York Gov. Andrew M. Cuomo announced on Oct. 30 the start of construction on 1159 River Ave., a $126-million affordable development that will bring 245 homes to the South Bronx. The 19-story building will offer 148 apartments specifically for individuals and families who have previously been homeless, including those in need of supportive…

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Gov. Cuomo Announces Proposed Regulations for Cannabinoid Hemp Products

October 28, 2020

The fledgling cannabis industry in New York State may finally have some much-needed direction from New York State. Gov. Andrew M. Cuomo announced today that the New York State Department of Health has filed proposed regulations to regulate cannabinoid hemp products in New York State. In accordance with legislation signed earlier this year by the…

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Crystal Hawkins Syska Named 2021 HGAR President; Joe Rand Wins Realtor of the Year Award at 104th Annual Meeting

October 27, 2020

WHITE PLAINS—The Hudson Gateway Association of Realtors held its two-day virtual Member Appreciation Day and Annual Meeting on Monday and today that was highlighted by the acknowledgement of Realtor Crystal Hawkins Syska of Keller Williams NY Realty of White Plains as the organization’s 2021 President. The event marked the 104th Annual Meeting of the Realtor…

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HGAR-BMNAR Merger Event, Castle Hill YMC, Sept. 30, 2020

October 26, 2020

Eliezer “Eli” Rodriguez, BMNAR’s former CEO, New HGAR Director of Advocacy, Commercial and Legislative Issues for The Bronx and Manhattan. Richard Haggerty, HGAR CEO Maximo Javier. Bronx District Manager for Congressman Adriano Espaillat Councilman Fernando Cabrera – District 14 Gail Fattizzi, HGAR President Crystal Hawkins-Syska, HGAR President Elect NYC Councilman Mark Gjonaj – District 13…

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Howard Hughes Corp. Proposes $1.4 Billion Mixed-Use Project at South Street Seaport

October 26, 2020

NEW YORK—The Howard Hughes Corp. unveiled a comprehensive $1.4-billion proposal on Oct. 22 in the Lower Manhattan's Seaport area, including the transformation of an underutilized full-block surface parking lot along the boundary of the South Street Seaport Historic District into a mixed-income development that would include some of the area's first new affordable housing in…

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Westchester County Executive Says State of County is ‘Fierce’

October 23, 2020

  WHITE PLAINS—In his State of the County address last evening, which was delayed due to a County Legislator testing positive for COVID-19, earlier this month, Westchester County Executive George Latimer said that while the pandemic is far from over, he is confident the county will recover from the virus’ ill effects. Noting that the…

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County Offers Program to Help Launch Home-Based Businesses or Non-Profits

October 20, 2020

WHITE PLAINS—After recently launching a business loan program and a housing assistance initiative, the Westchester County Office of Economic Development on Oct. 19 announced a new program for county residents who may want to create home-based income streams, or launch new businesses or nonprofits. The program entitled “Launch 1000” was described as an innovative, fully…

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GATEWAY PERSPECTIVES: Don’t Let Our Guard Down

October 20, 2020

Back in the height of the lockdown caused by COVID-19 in April and May of this year, on weekends I would venture out of my apartment in Manhattan to take a walk in Central Park. It was a very scary time, especially in April. The number of COVID-19 cases and deaths were climbing at alarming…

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Westchester County Proposed 2021 Capital Budget Calls for $20 Million for Affordable Housing Projects

October 20, 2020

WHITE PLAINS—Westchester County Executive George Latimer said that in spite of the COVID pandemic, the county would continue to move forward with key parkway, road, bridge and infrastructure projects in 2021. Westchester County Executive George Latimer announced on Oct. 15 he had sent to the Westchester County Board of Legislators the 2021 Proposed County Capital…

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DiNapoli: MTA Faces Worst Financial Crisis in its History

October 14, 2020

ALBANY—The Metropolitan Transportation Authority is facing the greatest crisis in its long history, with few viable options without federal funding to avoid cuts in service and staff, additional fare hikes and long-lasting damage that could impair regional transit for decades, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s finances…

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Target Signs 130,000 SF Lease at Cross County in Yonkers

October 13, 2020

YONKERS—In a major retail lease deal in the midst of the COVID-19 pandemic, discount retailer Target has signed a long-term lease for more than 130,000 square feet to occupy a major portion of the former Sears store at the Cross County center here. In addition, shopping center owner Marx Realty also announced that retailer H&M…

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