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…
Read MoreGOSHEN—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…
Read MoreWHITE 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…
Read MorePOMONA—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…
Read MoreNEW YORK—The day everyone has been waiting for since last March is finally here. Gov. Andrew Cuomo at a press conference at One World Trade Center today lifted most New York State mandated COVID restrictions effective immediately. The governor during Day 472 of the pandemic emergency, noted that New York State went from the highest…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreOn 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…
Read MoreTARRYTOWN—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…
Read MoreNEW 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…
Read MoreMOUNT 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…
Read MoreALBANY—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…
Read MoreALBANY—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…
Read MoreSLEEPY 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…
Read MoreCENTRAL 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…
Read MoreNEW YORK—Penn South, an affordable housing cooperative located in the Chelsea section of Manhattan, announced on June 3 it had selected MaryAnne Gilmartin’s MAG Partners to redevelop 335 Eighth Ave. into a mixed-income apartment building with ground floor commercial space, including a grocery store. The new 200-unit building will be developed under the Affordable NY…
Read MorePOUGHKEEPSIE—An ongoing study on the costs of improvements to Route 17, including the possible construction of a third lane in both the eastbound and westbound directions could cost anywhere from as little as $245 million to as much as $1 billion, depending upon the scope of the project. Members of the New York State Department…
Read MoreYONKERS—A group that now consists of 60 labor, business and community organizations in the New York metro region held a rally on June 2 at the Empire City Casino in Yonkers to press Gov. Andrew Cuomo and state legislators to grant a full casino gaming license to Empire City Casino. Earlier this year in his…
Read MoreWHITE PLAINS—There are few positive things people can point to during the coronavirus pandemic. On June 2, a host of political dignitaries, hospital executives and hundreds of staff celebrated the completion of a $272-million project that serves as a concrete testament to the courage and dedication of White Plains Hospital workers and the construction workers…
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