News

HGAR’s 105th Annual Members Day to Go Live, with Precautions

September 9, 2021

Considering 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 More

Business Council Issues Recommendations For County to Spend $188M in COVID Funds

September 9, 2021

WHITE 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 More

Home Services of America Acquires BHHS Hudson Valley Properties Brokerage Firm

September 1, 2021

MINNEAPOLIS— 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 More

Westchester IDA Issues RFP for Construction Pre-Apprenticeship Program

September 1, 2021

WHITE 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 More

Study: Majority of Business Travelers to Reduce Trips Due to Rising COVID Cases

September 1, 2021

WASHINGTON—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 More

Westchester LDC Approves up to $400 Million in Bonding for Purchase College Senior Project

August 27, 2021

WHITE 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 More

White Plains Hospital Pays $38M for Post Road Development Site

August 25, 2021

WHITE 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 More

NAR: U.S. Existing-Home Sales Climbed 2% in July; Northeast Sales Were Flat

August 24, 2021

WASHINGTON—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 More

Yonkers IDA Approves Incentives for Two Projects Totaling $129 Million in Private Investment Capital

August 23, 2021

YONKERS—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 More

Delayed Major Multifamily Project in White Plains Secures $182M in Financing

August 23, 2021

WHITE 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 More

Manhattan Office Leasing Activity Showed Some Improvement in Second Quarter

August 23, 2021

NEW 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 More

The New Manhattan

August 19, 2021

Despite 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 More

Christie's International RE Opens New Office in Nyack

August 19, 2021

NYACK—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 More

Five Questions With Bess Freedman, CEO, Brown Harris Stevens

August 19, 2021

During 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 More

Harbor Group to Acquire CBS Building In Midtown Manhattan for $760 Million

August 17, 2021

NEW 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 More

Keller Williams Realty: First in NY Opens New Office in Newburgh

August 12, 2021

CHESTER—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,…

Read More

WRO Files Housing Discrimination Complaint Against Upstate Apartment Management Firm

August 12, 2021

WHITE PLAINS— Westchester Residential Opportunities, Inc., a non-profit fair housing agency based in White Plains, announced on Aug. 11 it had filed a housing discrimination complaint against Albany-based Dawn Homes Management and DHM Properties, the manager and owner of at least 36 apartment buildings in New York, Massachusetts and Connecticut. The complaint, filed with the…

Read More

BREAKING NEWS: Gov. Cuomo Resigns Effective in 14 Days

August 10, 2021

NEW YORK—After his attorney provided a detailed point-by-point rebuttal of allegations by 11 women of improper conduct and sexual harassment, Gov. Andrew Cuomo, somewhat surprisingly, announced he would resign from office effective in 14 days (Aug. 24). While he said that his instinct is to fight the charges because he felt they were politically motivated,…

Read More

Westchester County Executive Latimer, HGAR Make Case for Robust Housing Market

August 6, 2021

WHITE PLAINS— At a press conference yesterday afternoon, Westchester County Executive George Latimer attempted to dispel the online myth that many people are fleeing the county. To prove his point, he enlisted key representatives of the Hudson Gateway Association of Realtors who, armed with the latest sales data from OneKey MLS, noted that demand from…

Read More