NEW YORK—The Community Preservation Corp. a leading New York City-based nonprofit affordable housing and community revitalization finance company, has announced the launch of the new Flex Small Loan program for small multifamily properties. The new program, which includes both construction and permanent financing offering loans as low as $100,000, was created to address the unique…
Read MoreWHITE PLAINS—When the 117th Congress convenes on Jan. 3, 2021, an era in Hudson Valley politics will come to an end. Real Estate In-Depth thought it only appropriate to honor a woman who has spent the past 32 years tirelessly advocating in the halls of Congress for her constituents in the 17th New York…
Read MoreNORTH SALEM—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $1,000 to Friends of Karen in North Salem. The organization serves families throughout the greater New York metro area. Founded in 1978, Friends of Karen was named for Karen MacInnes, 16, who was terminally…
Read MoreWASHINGTON—Charlie Oppler was installed on Wednesday as 2021 president of the National Association of Realtors during the 2020 Realtors Conference & Expo. Oppler was NAR's 2020 president-elect and 2019 first vice president. A Realtor since 1981, he is the CEO of Prominent Properties Sotheby's International Realty, which operates 15 offices across northern and central New…
Read MoreNRC Poised to Approve Indian Point License Transfer to Holtec International BUCHANAN, NY—The staff of the Nuclear Regulatory Commission has approved the license transfer of the Indian Point Energy Center here from Entergy Corp. to Camden, NJ-based decommissioning firm Holtec International. The full Nuclear Regulatory Commission is expected to issue an order on Monday (Nov.…
Read MoreWHITE PLAINS—The Westchester County Industrial Development Agency at its Nov. 12th session granted preliminary approval for incentives for one affordable housing renovation project in Tuckahoe and voted in favor of final approval for two rental apartment upgrades in Mount Vernon and Tuckahoe. “We applaud these three renovation projects which will help ensure that existing affordable…
Read MoreELMSFORD—Robert Martin Company’s expansion into serving the needs of the life sciences/health tech industry with the formation of RMC Bio1 is beginning to pay off. The firm announced that New York City-based Clarapath will be shifting its corporate headquarters from New York City to a building it owns in Hawthorne. Clarapath, a developer of an…
Read MoreWHITE PLAINS Real estate’s most influential thought leaders came together virtually on November 5-6 to share thoughts on succeeding in the global marketplace and the future of our cities and residential real estate opportunities as part of the 14th Annual Global Real Estate Summit 2020. The two day-long event focused on “A Global Voyage into…
Read MoreWHITE PLAINS—The Global Business Council of the Hudson Gateway Association of Realtors recently received the Gold Global Achievement Award from the National Association of Realtors. The Global Achievement Program is designed to recognize and reward the most active associations in global business. Among the more than 130 global business councils nationwide, HGAR’s Global Business Council…
Read MoreWASHINGTON—The coronavirus pandemic initiated several shifts in America's housing market over the past eight months. Changes in the behaviors of home buyers and sellers were especially notable as buyers' usual tendencies altered, and the urgency to sell accelerated. This is according to new data from the National Association of Realtors 2020 Profile of Home Buyers…
Read MoreWASHINGTON—Every metro area tracked by the National Association of Realtors during the third quarter of 2020 saw home prices increase from a year ago, according to NAR’s latest quarterly report, released on Nov. 12. Due in large part to record-low mortgage rates and depleted nationwide housing inventory, median single-family home prices grew year-over-year in all…
Read MoreYONKERS—One of the largest affordable housing redevelopment projects in the region reached a significant milestone with the recent closing on financing for 178 Warburton at The Ridgeway, a new $56-million mixed-income residential complex of 81 apartment homes in Southwest Yonkers that is being developed by the Municipal Housing Authority for the City of Yonkers and…
Read MoreWHITE PLAINS—Charities and non-profit organizations from New Rochelle to Newburgh received $21,500 in donations from the Hudson Gateway Realtor Foundation during the fourth quarter of 2020. Despite the COVID restrictions that severely curtailed live fundraising events, the Foundation was able to support almost 15 local organizations this year that are dedicated to helping those in…
Read MoreNANUET—Rockland County Executive Ed Day and Director of Economic Development and Tourism Jeremy Schulman announced recently that RTL Nanuet, owners of the former Macy’s store located next to the Shops at Nanuet, has been approved to operate as Rockland’s 5th NYS Qualified Film Production Facility under the regulations governed by the Empire State Film Production…
Read MoreWHITE PLAINS—The Westchester County Office of Economic Development announced on Nov. 10 it had awarded a total of $10 million to 262 county-based small businesses and nonprofits facing challenges as a result of the COVID-19 crisis. Recipients include businesses in industries such as restaurants/food service; arts, entertainment and recreation; social services; education and more. The…
Read MoreWHITE PLAINS—With a backdrop of rising coronavirus cases in Westchester County and New York State, Westchester County Executive George Latimer has proposed a tax cut in his 2021 Operating Budget plan. The County Executive has proposed a $1-million tax cut for the second year in a row. The budget, thanks to $168 million in COVID-19…
Read MoreTOWN OF WALLKILL—Panelists and participants in the Orange County Partnership’s recently held Commercial Market Forecast were bullish on investment and development interest and opportunities in Orange County in spite of and in some instances because of the COVID-19 pandemic. The program was held on Oct. 27 at the West Hills Country Club and was attended…
Read MoreRYE—As construction on the development nears completion, more than 50% of The St. Regis Residences, Rye, condominium residences have been sold. Recent sales activity has been brisk, with 13 homes sold in the last few months at the 92-unit property. In addition to Rye, buyers are coming from Long Island, Chappaqua, Harrison, Scarsdale, Larchmont, Mamaroneck,…
Read MoreNEW YORK—SL Green Realty Corp. reported on Nov. 4 that together with its partners, it had entered into a contract to sell 410 Tenth Ave for $952.5 million to an undisclosed buyer. The 636,000-square-foot Manhattan office redevelopment property is anchored by Amazon and First Republic Bank. SL Green currently owns 70.9% of the venture. As…
Read MoreWHITE PLAINS—At its 104th Annual Meeting, held October 27 via Zoom teleconference, the Hudson Gateway Association of Realtors awarded Joseph Rand, Chief Creative Officer of Howard Hanna/Rand Realty in Nanuet as its "Realtor of the Year" for 2020. John Jordan, owner of Hudson Valley Editorial Services in Middletown, was named the 2020 HGAR "Affiliate Member…
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