WHITE PLAINS—At press time, the Hudson Gateway Association of Realtors, Inc. and the Bronx-Manhattan North Association of Realtors, Inc. have scheduled votes of their respective memberships to approve a proposed merger of the two Realtor organizations, Real Estate In-Depth has learned. The Hudson Gateway Association of Realtors has scheduled a special virtual meeting on July…
Read MoreA Special Meeting of the Members of the Hudson Gateway Association of REALTORS®, Inc. (“HGAR”) will take place on July 1, 2020 at 10:00 AM via a Zoom Meeting Audio-Visual Conference. The Members’ Meeting can be accessed by the Members by utilizing the following registration link: https://zoom.us/webinar/register/WN_8yOwKy-rTpKcwHmCehEH0w which will provide the necessary registration and login…
Read MoreWHITE PLAINS—Stark Office Suites reported on June 16th it has increased its Westchester executive office suite footprint and now occupies the entire 11th floor at 445 Hamilton Avenue, the company’s flagship site in the heart of Downtown White Plains. Offering more than 26,000 square feet, this location is the largest suburban space in the Stark…
Read MoreA large office condominium on the Grand Concourse in the Bronx that has been turned around by a partnership of Sam Jemal of JJ Operating, Inc. of New York City and members of his family together with James J. Houlihan and members of Houlihan-Parnes Realtors, LLC of White Plains, secured a $29-million first mortgage on…
Read MoreNEW YORK—The first regional MLS in the New York Metro area, OneKey MLS, has announced the launch of its new consumer search website—OneKeyMLS.com. The new listing search portal offers consumers more than 40,000 listings and some 500 communities throughout the New York Metropolitan area, making it the largest selection of for sale and lease listings…
Read MoreALBANY—Sales tax revenue for local governments in May fell 32.3% compared to the same period last year, according to State Comptroller Thomas P. DiNapoli. Sales tax collections for counties and cities in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a…
Read MoreNEW YORK—The owners of Terra Holdings announced recently that brokerage firm Halstead is now part of Brown Harris Stevens. The strategic restructuring of Terra Holdings subsidiaries significantly expands the footprint and resources of Brown Harris Stevens residential brokerage. The transition will occur with a phased in approach beginning in New York City. Senior management of…
Read MoreAs we head into another re-opening phase, let’s take a moment to reflect on our current events as well as our present state of affairs. After enduring a three-month pandemic that stopped the world, it is only now that we begin to emerge from a “shelter in place.” The phrase itself, “shelter in place,” is…
Read MoreWHITE PLAINS—The Westchester County Industrial Development Agency could be establishing in the near future a fund that would provide grants and loans to county businesses hurt by the coronavirus pandemic. Westchester County Director of Operations Joan McDonald reported this morning that the program could total $500,000 in financing. The county would be moving forward on…
Read MorePEEKSKILL—A.S.A.P. Mortgage announced on June 8 it has relocated its corporate headquarters from Cortlandt Manor to Peekskill. Originally scheduled for mid-April, the opening of A.S.A.P.’s new headquarters was delayed until June 1 due to the coronavirus pandemic. The new headquarters is located at 2 South Division St., at the intersection of Division Street and Central…
Read MoreWhile predicting continued difficult times ahead, NAR Chief Economist Lawrence Yun and Joseph Rand, chief creative officer for Better Homes and Gardens Rand Realty, agree that the national and local housing markets entered the coronavirus pandemic in March in a strong position, and will enjoy a robust rebound as it reopens in coming weeks. Yun…
Read MoreWHITE PLAINS—Today is the day real estate brokers and agents have been anxiously waiting for since March 22 when Gov. Andrew Cuomo issued the “New York on Pause” order that virtually shut down the real estate industry and all other “non-essential” businesses in the state. Gov. Andrew Cuomo announced this morning (June 9) that the…
Read MoreTOWN OF POUGHKEEPSIE—Developers are undertaking substantial demolition and renovation work as they move forward with the Hudson Heritage mixed-use community being developed on 156 acres on Route 9 across from Marist College. The $300-million project will include housing, a hotel and conference center, retail, a supermarket, restaurants, entertainment, and medical and office space. The site…
Read MoreRYE BROOK—National Disinfection Services announced on May 15th it is launching what it terms is a “socially minded, one-of-a-kind” residential “Certification of Disinfection” program. The program comes with the “Clean Home Certified” seal of approval—an attestation that their new home is 99.9% free of any and all disease-bearing pathogens like COVID-19. “Given the new realities…
Read MoreWASHINGTON—– The National Association of Realtors issued a report today identifying 10 housing markets with favorable conditions for Millennial homebuyers during the coronavirus pandemic. None of the major cities in the Northeast made the list. The only metro area on the East Coast to make the top 10 Millennial list was Durham, Chapel Hill, NC.…
Read MoreRYE BROOK—The Business Council of Westchester recently issued an extensive list of strategies and recommendations to assist the state and Westchester County in their reemergence from the coronavirus pandemic. The report released on June 1 offers recommendations from the 46 members of the BCW Westchester Economic Recovery Task Force who represent a wide range of…
Read MoreARMONK – The Building and Allied Construction Industries of Westchester, the newest chapter of the New York State Builders Association and the National Association of Home Builders, announced on June 2 that it was officially open for business and accepting new members. The announcement came one week after Westchester County and the Mid-Hudson Region achieved…
Read MoreWHITE PLAINS—Now that the Mid-Hudson region has begun phase one of its reopening process, two major Westchester shopping centers have opened for business for merchandise pick up only. Officials with the Galleria at White Plains outlined their plan on Wednesday, May 27 for merchandise pick-up under phase one of Westchester County’s gradual reopening of businesses.…
Read MoreALBANY—The New York State Department of Labor’s latest unemployment data details the devastation caused by the Novel Coronavirus to the New York State economy. From April 2019 to April 2020, the state’s private sector employment count decreased by 1,834,800. In April 2020, the number of private sector jobs in the state was 6,467,600. The state’s…
Read MoreWASHINGTON—Existing-home sales dropped in April, continuing what is now a two-month skid in sales brought on by the Coronavirus pandemic, according to the National Association of Realtors. Each of the four major regions experienced a decline in month-over-month and year-over-year sales, with the West seeing the greatest dip in both categories. Total existing-home sales, completed…
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