News

NYSAR Says Closings Can Occur Under Certain Circumstances

March 25, 2020

ALBANY—The New York State Association of Realtors posted online the latest guidance regarding the regulations impacting the real estate industry in connection with Gov. Andrew Cuomo’s executive orders in connection with preventing the spread of the Coronavirus. The FAQ (Frequently Asked Questions) issued by NYSAR effective at 5 p.m. on March 24 answered a host…

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Westchester Residential Opportunities Secures $425,000 in HUD Fair Housing Grants

March 25, 2020

WASHINGTON—The U.S. Department of Housing and Urban Development has awarded more than $3 million to fair housing organizations in New York State, including a total of $425,000 to White Plains-based Westchester Residential Opportunities, Inc. to confront violations of the nation's landmark Fair Housing Act and help end housing discrimination. HUD awarded a total of more…

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New York Metro’s First Regional Multiple Listing Service Goes Live for Realtors

March 25, 2020

NEW YORK— The Long Island Board of Realtors, Inc. and the Hudson Gateway Association of Realtors, Inc. announced on March 24 that the first regional MLS for the New York Metro area—OneKey MLS—is now live for Realtor use. OneKey MLS offers real estate professionals more coverage, precise and accurate data. A consumer-facing website is set…

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RXR Realty Commits $1 Million To Support COVID-19 Relief

March 25, 2020

NEW YORK—RXR Realty announced on March 20 it was contributing $1 million to support organizations and New Rochelle residents impacted by the COVID-19 public health crisis. Funding will go towards programs to address both immediate needs, as well as the long-term recovery of New Rochelle. RXR’s commitment to New Rochelle, is in collaboration with the…

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White Plains-Based Reich Brothers JV Acquires 4 Million SF Caterpillar Campus

March 25, 2020

MONTGOMERY, IL—Reich Brothers, which is headquartered in White Plains, and partner HFZ Capital Group of New York City, have purchased the four-million-square-foot Caterpillar manufacturing and distribution complex here for $68.5 million. The deal for the 350-acre campus also features a sale-leaseback component with Deerfield, IL-based Caterpillar Inc. The construction equipment manufacturer plans to keep approximately…

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Modell’s Files Bankruptcy; 137 Store Leases Available

March 18, 2020

MELVILLE, NY—Days after sporting goods retailer Modell’s Sporting Goods filed for Chapter 11 bankruptcy, Melville, NY-based A&G Real Estate Partners is marketing 137 Modell’s store leases in nine Northeastern and Mid-Atlantic states and the District of Columbia. The retailer, founded in 1889, operates 153 stores located in New York, New Jersey, Pennsylvania, Connecticut, Rhode Island,…

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Coronavirus Pandemic Cause Mortgage Applications to Fall 8.4%

March 18, 2020

WASHINGTON—Mortgage applications decreased 8.4% during the week ending March 13 from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey released on March 18. The Market Composite Index, a measure of mortgage loan application volume, decreased 8.4% on a seasonally adjusted basis from one week earlier. On an…

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Hudson Gateway Realtor Foundation Donates to My Sisters’ Place

March 17, 2020

WHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $2,500 to My Sisters’ Place of White Plains. For more than 40 years, My Sisters’ Place has been Westchester's pioneering leader and resource in the field of domestic violence and human trafficking. MSP provides…

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Realtors Volunteer at Ronald McDonald House in Valhalla

March 12, 2020

VALHALLA—A contingent of HGAR Realtors recently volunteered their morning to make breakfast and lunch, clean up, and organize toys at the Ronald McDonald House of the Greater Hudson Valley in Valhalla. The volunteer events, set up by members of the Hudson Gateway Realtor Foundation’s Program Committee, go hand-in-hand with the Foundation’s fundraising efforts. Located next…

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Medline Looks to Start Construction Soon on $120M Project

March 11, 2020

MONTGOMERY—One of the more controversial commercial projects in Orange County secured a key approval on March 8 that will likely facilitate groundbreaking on the $120-million distribution facility later this spring if building restrictions related to the Coronavirus are lifted. The Montgomery Planning Board approved Medline Industries’ Final Environmental Impact Statement on its proposed 1.3-million-square-foot distribution…

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SPOTLIGHT ON: Amanda Martinez

March 11, 2020

A Lifetime of Volunteering After spending 32 years working with the New York City Housing Authority, it’s no surprise that Amanda Martinez has a knack for finding people homes. The Better Homes and Gardens Rand Realty agent actually started her real estate career just two years ago in the brokerage firm’s Goshen office, but has…

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WRO Alleges Rockland County Apartment Complex Discriminated Against People with Mental Disabilities

March 11, 2020

WHITE PLAINS—Non-profit fair housing agency Westchester Residential Opportunities, Inc. reported on March 9 it had filed suit against the ownership and manager of the 370-unit Tor View Village Apartments in Garnerville for alleged violations of federal, state and county fair housing laws. WRO charges in its litigation that individuals with mental disabilities were the subject…

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Turnbridge Equities Proposes 1.24M SF Distribution Center in the South Bronx

March 4, 2020

NEW YORK—Real estate investment firm Turnbridge Equities reported on March 2 it had completed a 14.2-acre assemblage in the South Bronx, where it will build the four-story, 1.24-million-square-foot Class-A, Bronx Logistics Center. The New York City-based firm states the last-mile distribution facility will offer direct tractor-trailer ramp access to three levels, van access to the…

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BARRISTER'S BRIEFING: MLS is Coming—Here are the New Changes!

March 4, 2020

OneKey MLS, our new joint venture multiple listing service, will go live March 24, 2020. With this new change comes modifications to what you will see and input into our Matrix system, as well as some procedural changes. This article will address the most notable and important changes. New Status Changes Pending: As you may…

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Robert Martin Inks 10,000 SF Lease with Child Care Center in Elmsford

February 26, 2020

ELMSFORD—Locally-based Robert Martin Company LLC announced on Feb. 25 it had signed a 10,000-square-foot lease for a new child care center at The Elm, a new luxury rental mixed-use building located adjacent to the Saw Mill Parkway in Elmsford. The new child care center, which is expected to have its grand opening this summer, will…

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