To say that there has been a lot on the plate for Orange County Executive Steve Neuhaus would be an understatement. In his second term of office he had to deal with the death and devastation caused by the coronavirus pandemic beginning in March 2020. In an exclusive interview with Real Estate In-Depth, Neuhaus discusses…
Read MoreWHITE PLAINS—Ginsburg Development Companies recently staged ceremonies marking key milestones on the development firm’s projects in Downtown White Plains and in Peekskill. The real estate community has been anxiously awaiting the grand opening of its $43.7-million White Plains project, which marked the first major office building in Westchester County to be converted into luxury rental…
Read MoreGOSHEN—In a no-holds barred interview, Orange County Executive Steve Neuhaus recently told Real Estate In-Depth that if Congress passes a large federal infrastructure bill, one of the first projects in New York State that should be funded is the expansion of Route 17, which could come with a price tag of more than $1 billion.…
Read MoreMIDDLETOWN—More than 300 political, business and civic leaders gathered at the West Hills Country Club in Middletown on June 8 to honor the Orange County Partnership’s 2021 Most Valuable Partner (MVP) veteran attorney Richard Golden. The program, held in a tent on the West Hills complex to conform with CDC coronavirus guidelines, featured a host…
Read MoreYONKERS—After the Yonkers City Council approved an amended Affordable Housing Ordinance late last month that would increase the affordable housing requirement for new development projects from 10% to 20%, Mayor Mike Spano vetoed the measure on July 7th saying it is infeasible without significant public subsidy. The mayor cited an independent report conducted by HR&A…
Read MoreNEWBURGH—Jonathan Drapkin, the longtime president and CEO of Pattern for Progress, will be leaving the regional think tank at the end of this year. Drapkin’s departure was announced on July 8th by Suzanne Loughlin, Pattern Board chair and founder of CrisisRisk Strategies, LLC, who said, “Our longtime leader, Jonathan Drapkin, will step down from his…
Read MoreGREENWICH, CT—In what the brokerage firm says is a new record for the company, Houlihan Lawrence reported that its Greenwich and Riverside offices surpassed $1 billion in sales volume in the first six months of this year. Last year, it took 11 months for the firm’s Connecticut offices to reach the $1-billion mark “Achieving this…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors recently welcomed Freddimir “Freddy” Garcia, of Poughkeepsie as its new Diversity, Equity and Inclusion (DEI) Officer. In this newly created role, Garcia will lead the association’s efforts in developing and executing HGAR’s diversity, equity, and inclusion goals and initiatives. He will be working out of HGAR’s White Plains…
Read MoreGREENWICH, CT—Douglas Elliman recently announced it had relocated to a new larger location in Greenwich at the historic, free-standing John Lockhart House on 75 Arch St. Company officials state the move underscores the brokerage’s commitment to the region, increasing its office footprint to a four-story, 6,000-square-foot building in order to accommodate its 70 agents and…
Read MoreWASHINGTON—The U.S. Department of Justice announced on July 1 it was withdrawing from a settlement it had reached with the National Association of Realtors last November in order “to permit a broader investigation of NAR’s rules and conduct to proceed without restriction.” The U.S. Justice Department has also filed to voluntarily dismiss its complaint against…
Read MoreThe Hudson Gateway Association of Realtors regrets to inform its membership of the passing of veteran Realtor Eugene “Gene” Currier of Middletown on June 29 at the age of 88. During his long illustrious career in real estate, Currier served as President of the New York State Association of Realtors and the Orange County Association…
Read MoreWHITE PLAINS—New York City-based Valley National Bancorp and The Westchester Bank Holding Corporation announced on June 28 they had entered into a definitive merger agreement whereby Valley will acquire Westchester, parent company of The Westchester Bank. The acquisition of this high-performing commercial bank will provide Valley a physical footprint and additional commercial lending expertise in…
Read MoreBRONXVILLE—A 110-unit multifamily property built more than two decades ago here has been acquired by a fund managed by New York City-based Goldman Sachs Asset Management. Goldman Sachs acquired Avalon Bronxville, which was built and renovated in 2012 by owner AvalonBay Communities for an undisclosed price. Avalon Bronxville, which is located adjacent to the Metro…
Read MoreNEW YORK—Jonathan Rose Companies, L+M Development Partners and Acacia Network announced on June 29 the closing of $223 million in financing for the second and final phase of Sendero Verde, a 100% affordable mixed-use Passive House and Enterprise Green Communities certified development in East Harlem. The development will feature 709 units of affordable housing, community…
Read MoreALBANY—Industrial Development Agencies (IDAs) in New York State reported 4,320 active projects valued at $109 billion for 2019, a 3.3%, or $3.5 billion, increase in project values from 2018, while net tax exemptions totaled $796 million in 2019, compared to nearly $784 million in 2018. Project values have increased by 48% since 2009, while the…
Read MoreThe past 15 months have drained me. You’ve probably felt the same way, for your own set of reasons. After being “Zoomed out in a rectangle” since the pandemic began, I felt a strong need for people, discussion, ideas, solutions, hugs and love!!! All these came at me like a tidal wave at the recent…
Read MoreWHITE PLAINS—Earlier this year, the Westchester County Industrial Development Agency approved new workplace regulations requiring applicants seeking incentives to hire more local workers and enroll in apprentice programs. On Thursday, voting on the first project that would fall under those rules, the IDA Board in a 6-1 vote granted the developer some relief from those…
Read MorePORT CHESTER—A host of business leaders were on hand for a press conference on June 24 to officially introduce the “Welcome Home Westchester” campaign, a multi-stakeholder effort to address the housing issue that has reached a crisis point over the past several years. The “Welcome Home Westchester'' campaign combines several companies involved in the home…
Read MoreSLEEPY HOLLOW—International real estate firm Hines reported on June 24 it had topped off its NorthLight at the Edge-on-Hudson development being built at the former General Motors minivan assembly plant site on the shores of the Hudson River here. The new apartment community will bring 246 rental apartments to a vibrant mixed-use neighborhood. NorthLight is…
Read MoreWASHINGTON— 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…
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