SPARKILL—St. Thomas Aquinas College has acquired the 12-acre Camp Venture property here for $7 million, which increases its campus footprint by 20%. The college’s campus now has been expanded to 72 acres. The deal includes the 12-acres adjoining the St. Thomas Aquinas campus and a 100,000-square-foot building at 230 Route 340. The deal initially involves…
Read MoreNYACK—Corcoran Group, LLC announced on March 23 the launch of its newest affiliate, Corcoran Baer & McIntosh, based in Nyack. The announcement was made via virtual appearance by Pamela Liebman, president and CEO of The Corcoran Group. This is the second Corcoran affiliate to launch since the start of the year—just weeks after the one-year…
Read MoreWASHINGTON—Existing-home sales declined in February, following two prior months of gains, reported the National Association of Realtors on March 22. Month-over-month, only one major region saw an increase in February, but all four U.S. regions recorded year-over-year gains. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.6% from January…
Read MoreSLEEPY HOLLOW—The Edge-on-Hudson, a mixed-use, transit-oriented community under development in Sleepy Hollow was honored in March with the Gold Award for 2021 MultiFamily Community of the Year at the National Association of Home Builder’s The Nationals awards program. Additionally, Edge-on-Hudson earned Gold Awards for Best Video and Best MultiFamily Model Home for The Carroll by…
Read MoreWASHINGTON—The popularity of multigenerational homes increased over the last year, as a rising number of homebuyers purchased larger residences compared to prior years, including millennials who continue to make up the largest share of homebuyers at 37%, the National Association of Realtors reported on March 16. The finding is one of a number of trends…
Read MoreWHITE PLAINS— A panel of economic development officials from throughout the Hudson Gateway Association of Realtors’ market area are generally upbeat about their respective markets, all reporting that they expect targeted industries to bring new investment to their markets to reduce inflated unemployment rates post pandemic. With COVID-19 vaccine inoculations continuing, they also believe that…
Read MoreNEW YORK—As a result of a year-long probe, the Housing Rights Initiative, The Legal Aid Society and the Washington, D.C.-based law firm Handley Farah & Anderson filed a federal lawsuit today against a total of 88 landlords, real estate managers and brokers for illegally discriminating against low-income tenants with Housing Choice vouchers in New York…
Read MoreCHAPPAQUA—Grand Lux Realty announced on March 12 that it had opened its new office in Chappaqua at 101 King St. “We established our Armonk office back in 2006,” said Michael Levy, founder and principal broker, Grand Lux Realty. “This move is bittersweet, but we are not saying goodbye to Armonk or our long-time clients. While…
Read MoreALBANY—The employment numbers for 2020 released by the New York State Department of Labor for the Hudson Valley region on March 11 were not surprising in the least, with leisure and hospitality leading the way with job losses during the 12-month period, exacerbated by the coronavirus pandemic, that exceeded 22,000 jobs. However, job numbers released…
Read MoreNEW WINDSOR—Orange County’s premier wedding, catering and event venue Anthony’s Pier 9 in New Windsor is in contract to be sold to an entity that plans to convert the 70,000-square-foot facility into a motion picture production studio. The pending sale with the unidentified buyer was announced by The Bonura Hospitality Group, which stated it expects…
Read MoreALBANY—Governor Andrew M. Cuomo on March 9 signed the COVID-19 Emergency Protect Our Small Businesses Act of 2021 that establishes eviction and foreclosure protections for small businesses until at least May 1m 2021. The new protections build-off of the governor's Executive Order and commercial eviction and foreclosure moratorium that has protected businesses in New York…
Read MoreCORNWALL ON HUDSON—Still maintaining social distancing and donning masks and gloves, a small group of Realtors from the Hudson Gateway Realtor Foundation recently volunteered their time to help pack groceries and stock shelves at the Food Bank of the Hudson Valley in Cornwall-on-Hudson. The Food Bank of the Hudson Valley is a branch of the…
Read MoreBack in the days before COVID, when large parties, corporate events, weddings and galas were in vogue, there was always one place to go where you knew you’d find the perfect outfit. But, after almost 200 years in business, Lord & Taylor is shuttering all of its 38 retail locations throughout the country. In our…
Read MoreNEW YORK—U.S. Senator Charles Schumer announced on March 7 at a briefing at his New York City offices, that the “American Rescue Plan that passed the U.S. Senate would have an impact on New York State that approaches $100 billion. As part of the deal, more than $23.8 billion flows directly to New York State…
Read MoreGOSHEN—The Orange County Legislature, frustrated over attempts to secure financial documents from the Orange County Industrial Development Agency, voted to remove the entire seven-member IDA Board of Directors on Thursday evening after a two-hour-long executive session. Orange County legislators cited what they termed had been the lack of transparency by the Orange County Industrial Development…
Read MoreYONKERS—A group led by business and labor organizations in Westchester and the Bronx have formed an alliance called “A Sure Bet for New York’s Future” in support of a full gaming license and access to mobile sports betting for Empire City Casino in Yonkers by MGM Resorts. A full-scale casino license, complete with retail and…
Read MoreYONKERS—State and city officials gathered on March 4 to officially turn the first dirt on the development of a new 130,000-square-foot Target store at the Cross County Center in Yonkers. Target recently signed a 40-year retail lease at the storied shopping center. It will occupy space at what was once home to a four-story Sears…
Read MoreWHITE PLAINS—The New York State Association of Realtors has issued a “Call to Action” to Realtors to send a message to Westchester County legislators and Westchester County Executive George Latimer urging their support for the Westchester County Legislature to pass a new law requiring co-op boards to provide a reason in writing for application denials.…
Read MoreYONKERS—Yonkers Mayor Mike Spano and other city officials joined with executives of Regency Apartment Ventures LLC on Feb. 25 to celebrate the groundbreaking of Regency on the Hudson, a seven-story 126-unit residential building at 56 Prospect St. here. The development will feature 13 units that will be designated as affordable under the city’s Affordable Housing…
Read MoreWHITE PLAINS—The White Plains Central Business District will soon have a major artwork that will measure nearly 18-feet in height as a new public attraction. 50 Main St. will soon be home to a large sculpture to be installed under the arches of the 15-story office tower owned and managed by Ginsburg Development Companies. Titled…
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