As the real estate industry in the Hudson Valley and the New York City metro region continues to adhere to new practices and safety protocols brought on by the coronavirus pandemic, Realtors’ acceptance and adaption to new technologies have been seen by many observers as critical in preventing the sector’s economic collapse in the spring…
Read MoreWHITE PLAINS—While the third quarter 2020 residential sales numbers will not be released by OneKey MLS until next month, the consensus from Realtor executives is that thanks to the resiliency of real estate professionals throughout the region, the Hudson Valley home sales market is on a torrid pace to perhaps shatter sales records. The pent-up…
Read MoreWHITE PLAINS—Westchester County Executive George Latimer announced on Sept. 16 a $10-million funding initiative to support small businesses and nonprofits facing challenges due to COVID-19. The Westchester County Business FIRST: Financial Investments for Recovery and a Sustainable Tomorrow grant program is designed to offer immediate financial relief to organizations in Westchester County that have been…
Read MoreNEW YORK—The Community Preservation Corporation, a leading nonprofit affordable housing and community revitalization company, announced today the creation of the $20-million CPC Acquiring Capital and Capacity for Economic Stability and Sustainability (ACCESS) initiative that will provide flexible capital to create opportunities for people of color in real estate development and prioritize investment in communities of…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors’ Commercial Investment Division presented a highly informative and forward-thinking workshop program entitled “How to Use ‘Big Data’ in the Commercial Real Estate Game.” The Zoom program was held on Sept. 10 and was part of CID’s Women in Commercial Real Estate series. The workshop focused on the use…
Read MoreMONTGOMERY—On August 29 and 30th, Orange County hosted the 2020 New York international Air Show. Although the weather didn’t quite cooperate on Saturday, we couldn’t have asked for a more perfect day on Sunday. We estimated that about 12,000 attendees were with us to experience a wonderful show. This size event was the first in…
Read MoreNEW YORK—Finalizing a deal announced earlier this year, The New York Botanical Garden and Douglaston Development have closed two separate 99-year ground leases at 2856 Webster Ave. and 410 Bedford Park Blvd. in the Bronx that will in a few years feature affordable housing projects totaling more than 400 units. New York City-based Douglaston states…
Read MoreWith the prospect of further coronavirus relief coming from Washington, DC getting bleaker by the moment, state, county and local governments will be facing some harsh fiscal decisions due to the economic fallout from COVID-19 this year and in 2021. Gov. Andrew Cuomo has threatened to withhold 20% of funding earmarked for local governments, hospitals…
Read MoreSPRING VALLEY—Rockland County Executive Ed Day announced on Sept. 9 the first new hotel to open in the county in seven years—The Element by Westin here. The Element by Westin is located at 90 Spring Valley Marketplace and has already started taking reservations for its 87-room inventory ahead of a soft opening scheduled for today…
Read MorePEEKSKILL—Ground was officially broken on Sept. 9 at Wilder Balter Partners’ $51-million affordable housing project at 645 Main Street in Downtown Peekskill. A host of state, county and city luminaries were on hand for the event signaling the ceremonial start of construction of the 82-unit development. The new affordable complex is reserved for households earning…
Read MoreIn early March, when the Coronavirus began to shutter almost everything in its path, the LEGOLAND New York Resort under construction in Goshen was also forced to push back its planned July 4, 2020 opening date until 2021. LEGOLAND New York and its parent company, Merlin Entertainments, made the decision to postpone the Grand Opening…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation’s August 28 to 30th virtual Walk/Run Challenge has raised a total of $5,094 to date through walker/runner registrations, sponsorships and donations. The foundation’s funds are used to support local charities and non-profit organizations throughout the Hudson Valley and beyond. During the weekend challenge, individuals and teams could select their…
Read MoreNEW YORK— Turnbridge Equities reported on Sept. 8 it had entered into a new joint venture with affiliates of Dune Real Estate Partners LP to own and develop the five-parcel assemblage for the future Bronx Logistics Center. The joint venture has secured $105 million in predevelopment financing for the project to be developed in the…
Read MoreARROYO GRANDE, CA—The Board of Managers of the National Broker Portal, a joint venture between Broker Public Portal (BPP) and Homesnap, announced on Sept. 9 that Joseph Rand of Better Homes and Gardens Real Estate|Rand Realty of Nanuet has been named executive director of the Broker Public Portal with Homesnap. Rand will remain the Chief…
Read MoreNANUET—While the third quarter 2020 residential sales numbers will not be released by OneKey MLS until next month, Better Homes and Gardens Rand Realty executive Joseph Rand in a sneak preview said the region is currently enjoying a very robust sales market. “The (sales) surge continues,” Rand said. He noted that in August, new deals…
Read MoreNEW CITY—After the Rockland County Legislature narrowly defeated his proposal to increase local sales taxes and sell a shuttered county office building to offset declines in revenues due to COVID-19, Rockland County Executive Ed Day threatened that in response he may be forced to lay off hundreds of county workers and raise taxes by 10%…
Read MoreWHITE PLAINS—The Board of Directors of Westchester County’s Local Development Corporation (LDC) recently voted to approve more than $340 million in bond financing for two major not-for-profits. At its August 20th meeting, the LDC board unanimously approved $300 million in bond financing for Westchester County Healthcare Corporation, the public authority responsible for governing the Westchester…
Read MoreLOUDONVILLE, NY—A newly released survey reveals that New Yorkers have deep concerns about the coronavirus in terms of a potential second wave this fall as well as how local school districts and colleges are currently reopening. A poll released today (Sept. 2) by the Siena College Research Institute found that a little over half of…
Read MoreWHITE PLAINS—In some good news in the times of COVID-19 for the Westchester County economy, The NRP Group announced on Aug. 31 it had broken ground on a new community of 303 market-rate apartments along the I-287 corridor in White Plains. Situated on a 70-acre site at 1133 Westchester Ave. that previously served as the…
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