NEW YORK—After an unprecedented year of shutdowns, New York City is open for business and Manhattan’s residential real estate market is showing renewed signs of strength. That momentum is only expected to increase as the cultural and entertainment revival continues and new developments lure buyers back to the city, according to a panel of real…
Read MoreNEW YORK—In a major step to convert the state’s energy grid to green, New York State has selected two major green energy infrastructure projects that will cost $8.2 billion to develop and help bring wind, solar and hydropower from Upstate New York and Canada to New York City. The two projects involve a total of…
Read MoreAs we all bid farewell to summer and hello to autumn, Orange County continues to be a very popular destination for traditional fall outings like apple and pumpkin picking, exploring corn mazes, wine tasting, hiking and even driving through scenic small villages to view the foliage. But for those who might be looking for something…
Read MorePOUGHKEEPSIE—The cost of adding a third lane on a 47-mile stretch of Route 17 from Harriman to Monticello in each direction is now being estimated at anywhere from $525 million to as high as $1.04 billion, depending on the scope of the improvements to be undertaken. The latest project cost estimates were revealed at the…
Read MoreALBANY—According to preliminary figures released today by the New York State Department of Labor, the number of private sector jobs in New York State increased over the month by 28,000, or 0.4%, to 7,519,400 in August 2021. By comparison, the number of private sector jobs in the U.S. increased by 0.2% in August 2021. New…
Read MoreNANUET—New York Gov. Kathy Hochul announced on Sept. 14 the opening of Vincent's Village, a $42-million affordable and supportive housing development in the village of Nanuet. Supported with $21.9 million in financing from New York State Homes and Community Renewal, the development has 93 affordable homes with on-site health and wellness services for adults age…
Read MoreGREENBURGH—On Sept. 14, Westchester County Executive George Latimer cut the ribbon on the Mayfair Apartments in Greenburgh. The completed project involved the redevelopment of the former WestHELP Greenburgh Homeless Shelter on the Westchester Community College Campus built in the 1980s into 74 units of affordable rental housing for seniors aged 62 and older. The project…
Read MoreWASHINGTON—Sixty percent of non-homeowning millennials say student loan debt is delaying their ability to buy a home, by far the most affected population, according to a new poll released on Sept. 14 by the National Association of Realtors. The findings also show that Americans burdened with high student debt see the impact on their daily…
Read MoreGOSHEN—Three former officials with the Orange County Industrial Development Agency paid nearly $1.27 million in restitution to the agency as part of plea agreements that afforded them no jail time for their acts of corruption. Vincent Cozzolino, Laurie Villasuso and Edward Diana were sentenced on Friday before Judge Robert Prisco in Orange County Court. Cozzolino,…
Read MoreSOMERS—The Hudson Gateway REALTOR Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $2,000 to Drug Crisis in Our Backyard, based in Somers, which services the Hudson Valley. Drug Crisis in Our Backyard was founded in 2012 by Susan and Steve Salomone, and Carol and Lou Christiansen after…
Read MoreConsidering 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 MoreWHITE 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 MoreMINNEAPOLIS— 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 MoreWHITE 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 MoreWASHINGTON—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 MoreWHITE 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 MoreWHITE 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 MoreWASHINGTON—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 MoreYONKERS—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 MoreWHITE 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,…
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