News

Building Trades Cry Foul Over Westchester IDA’s Approval of Gateway II Project Changes

June 25, 2021

WHITE PLAINS—Earlier this year, the Westchester County Industrial Development Agency approved new workplace regulations requiring applicants seeking incentives to hire more local workers and enroll in apprentice programs. On Thursday, voting on the first project that would fall under those rules, the IDA Board in a 6-1 vote granted the developer some relief from those…

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Hines Tops Off NorthLight Project at Edge-on-Hudson Development

June 25, 2021

SLEEPY HOLLOW—International real estate firm Hines reported on June 24 it had topped off its NorthLight at the Edge-on-Hudson development being built at the former General Motors minivan assembly plant site on the shores of the Hudson River here. The new apartment community will bring 246 rental apartments to a vibrant mixed-use neighborhood. NorthLight is…

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U.S. Existing-Home Sales Drop Nearly 1% in May; Northeast Sales Fall 1.4%

June 22, 2021

WASHINGTON— Existing-home sales decreased for a fourth straight month in May, according to the National Association of Realtors. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. Sales in the Northeast slid 1.4% in May. While sales declined, each of the four areas again registered double-digit year-over-year…

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Breaking News: Three Former Orange County IDA Officials Plead Guilty to Felony Corruption Charges

June 21, 2021

GOSHEN—Three former officials with the Orange County Industrial Development Agency pled guilty earlier today before Orange County Judge Robert J. Prisco to felony corruption and conflict of interest charges, Orange County District Attorney David M. Hoovler announced. The IDA officials included its former managing director Vincent Cozzolino, CEO Laurie Villasuso and former Board Director Edward…

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Experts Predict ‘The Seller’s Market is Going to Last’

June 21, 2021

WHITE PLAINS— With mortgage rates near all-time lows and significant pent-up demand, will New York’s residential real estate market favor sellers through 2021 and beyond? Real estate experts weighed in on what’s in store for the housing market and how agents can close deals from the East End to the West Side and all throughout…

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The Henry Apartments in Pomona Trades for $54 Million

June 16, 2021

POMONA—Harbor Group International, LLC, which is headquartered in Norfolk, VA, has acquired The Henry, a 169-home luxury apartment community in Pomona, for $54 million. Commercial brokerage firm CBRE reported the sale on June 16. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller, a…

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Construction Continues on Luxury Senior Independent Living Project

June 15, 2021

WHITE PLAINS—Construction continues on the premier independent living community project Waterstone of Westchester in Downtown White Plains. The development for those 62 and older will feature first-class amenities, 132 residences and supportive services on a parcel on Bloomingdale Road. Waterstone of Westchester is scheduled to open in the first quarter of next year. Waterstone Executive…

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Berkeley College to Consolidate its White Plains Campus to New York City

June 14, 2021

WHITE PLAINS—Berkeley College, a provider of career-focused education since 1931, will consolidate its Downtown White Plains campus at 99 Church St. into its New York City campus by the start of the Fall 2021 semester. Berkeley joins a growing list of colleges that have either closed or reduced operations in the region due to market…

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HG Realtor Foundation Donates More Than $4,000 to Three Local Charities

June 14, 2021

WHITE PLAINS—The Hudson Gateway Realtor Foundation recently donated $4,300 to three local charities in the Hudson Valley. They include: My Sister’s Place in White Plains, Catholic Charities Community Services of Rockland in Haverstraw and the Castle Hill YMCA in the Bronx. For more than 40 years, My Sisters’ Place has been Westchester's pioneering leader and…

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HGAR Meets with U.S. Rep. Ritchie Torres

June 11, 2021

On June 9, approximately 50 people guests gathered at Pasta-Pasta Restaurant in The Bronx to attend a “Meet and Greet” with Congressman, Ritchie Torres (D-15th District). Kathy Zamechansky, a member of The Hudson Gateway Association of Realtors, Bronx Chapter, was one of the lead coordinators of the event and served on the Host Committee. Other…

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Construction Begins on $53M Redevelopment of Tarrytown YMCA

June 10, 2021

TARRYTOWN—A host of state, county and local dignitaries were on hand on June 9 for the groundbreaking for 62 Main, a $53-million affordable housing development in the village of Tarrytown that involves the adaptive reuse of the historic YMCA facility. The development will also entail the construction of an additional building to create 109 affordable…

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Report: Bronx Hit Hard by COVID-19 Pandemic Begins Long Road to Recovery

June 10, 2021

NEW YORK—The COVID-19 pandemic hit the Bronx harder than any other borough, according to an economic analysis released on June 8 by New York State Comptroller Thomas P. DiNapoli. As vaccinations rise and restrictions ease, the Bronx has begun to repair the significant economic damage caused by the coronavirus that included a nearly 25% unemployment…

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Mount Kisco-Based Café Realty Joins McGrath Realty

June 9, 2021

MOUNT KISCO—Locally-based Cafe Realty has teamed up with commercial, land development and luxury brokerage, McGrath Realty Inc. After eight years in business the community-focused Cafe Realty will use their strengths, talents and skills to become the new face of McGrath Realty Inc’s residential services operations, company officials stated. Café Realty will take on the new…

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Sen. Harckham's Wetlands Protection Bill Passes State Senate

June 9, 2021

ALBANY—The New York State Senate approved legislation (S.5116C) on June 8 introduced by State Senator Pete Harckham (D-40th District) geared at protecting and regulating freshwater wetlands in the state. The measure still must secure approval from the New York State Assembly. “Because of a patchwork of federal and state regulations, freshwater wetlands in New York…

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Feinberg Could Become First Woman to Serve as MTA Board Chair

June 9, 2021

ALBANY—In a shakeup of the leadership of the Metropolitan Transportation Authority, New York Gov. Andrew M. Cuomo announced on June 8 the nomination of Sarah E. Feinberg as Board Chair and the appointment of Janno Lieber as the CEO of the New York MTA. Pat Foye, who has led the agency as president as well…

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DeCicco & Sons Project at Edge-on-Hudson to Break Ground Later This Year

June 8, 2021

SLEEPY HOLLOW— Construction on a new 30,000-square-foot DeCicco & Sons market at the Edge-on-Hudson in Sleepy Hollow is set to begin later this year. The Village of Sleepy Hollow Planning Board recently approved plans for the market, which will include a second story glass-enclosed beer and wine café, oriented towards the Hudson River. An adjacent 10,000…

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A.S.A.P. Mortgage Opens New Branch in Orange County

June 4, 2021

CENTRAL VALLEY—A.S.A.P. Mortgage Corp. CEO and Founder Irene Amato has announced that the mortgage brokerage firm has opened its newest branch here on Route 32. A.S.A.P. Mortgage’s new Orange County branch at 237 Route 32 opened its doors on June 3 and will offer a full array of mortgage products, the most competitive rates and…

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