News

Gov. Hochul Signs Bill to Make Hotel Conversions to Housing Easier

June 7, 2022

NEW YORK—On June 7, New York Gov. Kathy Hochul signed legislation (S.4937C/A.6262B) to create more flexible rules for converting underutilized hotel space into permanent housing. Gov. Hochul signed the bills with New York State Senator Brian Kavanagh, New York City Mayor Eric Adams, and housing and labor advocates at an event held at 633 Third…

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Matt Rand, CEO of Howard Hanna | Rand Realty Named to Mid-Hudson Regional Council Board

June 7, 2022

NANUET—Matt Rand, CEO and President of Howard Hanna | Rand Realty, has been recently appointed to the Board of Directors of the Mid-Hudson Regional Economic Development Council. Rand becomes the first real estate professional to sit on Mid-Hudson Regional Economic Development Council (MHREDC) Board. MHREDC is the strategic economic advisory board representing the seven counties…

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Stark Office Suites Acquires Long Island-Based Champion Office Suites

June 6, 2022

GARDEN CITY, NY—Stark Office Suites has announced its acquisition of Champion Office Suites of Garden City. With the deal in Nassau County, Stark Office Suites now operates 12 executive office suite locations in the New York metropolitan area. Stark Office Suites, which began operations in 2004 and is headquartered in White Plains, saw the opportunity…

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NYC Mayor Adams Outlines Vision for ‘City of Yes’ Plan

June 2, 2022

First Economic Hub to Be Established in the Bronx NEW YORK – New York City Mayor Eric Adams laid out a plan to use the city’s zoning tools to support small businesses, create affordable housing and promote sustainability—part of his vision for New York to become a more inclusive, equitable “City of Yes.” The plan,…

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BASF Signs Sale/Partial Leaseback on Tarrytown Complex

May 26, 2022

TARRYTOWN—An entity managed by New York City-based Northpath Investments—Tarrytown Holdings DE LLC—has acquired in a sale/partial leaseback transaction with BASF Corp., 500 and 540 White Plains Road in Tarrytown in a deal valued at $26 million. The deal was announced by commercial brokerage firm CBRE. The majority of 500 White Plains Road, a research and…

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Westchester-Based PCSB Bank to be Acquired in $313-Million Deal

May 26, 2022

YORKTOWN HEIGHTS—Boston-based Brookline Bancorp, Inc. and PCSB Financial Corporation, which is headquartered in Yorktown Heights, announced on May 24 that they had entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly owned subsidiary, PCSB Bank for approximately $313 million in cash and stock. Following the transaction, PCSB Bank will operate…

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Northeast Pending Home Sales Fell More Than 16% in April

May 26, 2022

WASHINGTON—Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported today. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index…

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OneKey® MLS Leaders Join Thousands of RE Professionals At The Real Deal New York City Showcase and Forum

May 26, 2022

NEW YORK CITY—The leadership of OneKey® MLS, the premier regional multiple listing service for New York, joined thousands of real estate colleagues on May 19 for The Real Deal’s New York City Showcase and Forum at The Metropolitan Pavilion in Manhattan. The day-long event attracted approximately 2,500 attendees from commercial and residential real estate, development,…

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ERA Insite Realty Helps Franchise Celebrate 50-Year Milestone

May 19, 2022

WHITE PLAINS—ERA Insite Realty Services, a Top 50 ERA company headquartered in White Plains, is joining in the celebration of the franchise’s 50 years of global residential real estate franchising. The kickoff began at the franchise’s annual international business conference, FUEL 2022, held in Nashville, TN in March, which was attended by several of ERA…

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Yonkers IDA Votes Preliminary Approval For $50M Mixed-Use Residential Building

May 19, 2022

YONKERS—The Yonkers Industrial Development Agency announced on May 2 it had granted preliminary approval of a $49.6 million, 10-story mixed-use residential building on Main Street and Riverdale Avenue. The project will feature 76 affordable rental dwelling units and ground floor commercial space. Called St. Clair Residences, the project is located on vacant parcels at 36-38…

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Newmark Selected to Lease, Manage Briarcliff Manor Office Complex

May 19, 2022

BRIARCLIFF MANOR—Newmark reports it has been retained by the new ownership of 555 Pleasantville Road, as the exclusive leasing agent and property manager. The property has been recently sold to a joint venture between Saber Real Estate Advisors, Tarrytown Partners and GHC Development. USI Insurance was a major tenant at the property. Newmark's Executive Managing…

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HGAR Holds Fair Housing Seminar Featuring NAR VP of Public Advocacy

May 19, 2022

WHITE PLAINS—The Hudson Gateway Association of Realtors held a highly informative Fair Housing Seminar on April 21 at the HGAR headquarters in White Plains. Guest speakers at the well-attended event were: Bryan Greene, NAR, Vice President of Policy Advocacy, Brian Levine, HGAR Legal Counsel & Professional Standards Administrator and Andrew Smith, Deputy Executive Director at…

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