News

HGAR, Bronx YMCA to Distribute Toys To Local Children on Christmas Day

December 15, 2020

NEW YORK—Staff members from HGAR’s new Bronx office and the Bronx YMCA will be out and about on Christmas Day, delivering toys to children in the local area. The toys, collected from “Operation Realtors Kids” Toy Drive, will be distributed to 21 homes with gifts for 80 children. “Our members and friends give generously during…

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Houlihan-Parnes Brokers Retail Leases At White Plains Road Strip Building

December 15, 2020

NEW YORK—David Lulgjuraj, asset manager of Houlihan-Parnes Properties, an affiliate of Houlihan-Parnes Realtors LLC, the exclusive leasing agent for 4174-4198 White Plains Road in the Bronx, announced recently the firm has completed four lease transactions totaling 6,350 square feet at the property. The transactions at the retail strip building located at the intersection of East…

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Trion to Manage Shorehaven Community in the Bronx

December 15, 2020

NEW YORK—Yonkers-based Trion Real Estate Management has been selected as the property management firm for the Shorehaven Homeowner’s Association located at 15 White Plains Road in the Bronx. The community totals 899 units spanning 40 acres, Shorehaven is comprised of seven homeowner’s associations and one umbrella association. The SHOA Board was looking for a single…

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Wave Hill – The Best Kept Secret in the Bronx

December 15, 2020

Mention Wave Hill to someone, and you’ll often get a perplexed look, accompanied by a scratching of the head. Indeed, this botanical gem, nestled quietly behind towering buildings along Independence Avenue and 252nd Street in the Bronx, may be the borough’s best kept secret. A public garden since 1965, Wave Hill has been described as…

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Rep. Maloney’s Bill to Protect Hudson River Passes House

December 9, 2020

WASHINGTON—The House of Representatives on Dec. 8 passed the National Defense Authorization Act of 2021 on a bipartisan vote, which includes Rep. Sean Patrick Maloney’s (NY-18) provision permanently banning the establishment of new anchorages for oil barges on the lower Hudson River, from Yonkers to Kingston. “This is a victory for the Hudson Valley. I…

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Orange County Legislature Votes to Sell Grand Street Properties for Hotel Project

December 7, 2020

GOSHEN—The Orange County Legislature in a unanimous 21-0 vote approved County Executive Steve Neuhaus’ proposal to sell three historically significant properties in Downtown Newburgh to make way for a hotel development. The three properties on Grand Street will be sold to Sullivan County-based Foster Supply Hospitality for $1.25 million. The proposed project will be developed…

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Governor Signs New Law to Study Real Estate Property Tax Exemptions

December 4, 2020

ALBANY—New York State Senator Pete Harckham (D-WF-40th District), who recently won re-election over Republican candidate and former Westchester County Executive Rob Astorino, announced on Dec. 3 that Gov. Andrew Cuomo had signed his legislation (S.3679A) to create a property tax exemption task force to study property tax exemptions statewide. The new law directs the state’s…

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The Mariner Multifamily Property in Port Chester Trades for $32M

December 4, 2020

PORT CHESTER—The eight-year-old The Mariner multifamily property here at 21 Willett Ave. has been sold in a deal valued at $32.25 million. The transaction was reported by Bethesda, MD-based brokerage firm Walker & Dunlop Inc., which represented the seller—institutional investors advised by J.P. Morgan Asset Management—in the deal. The firm did not identify the buyer…

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Governor Says Pfizer COVID Vaccine to Arrive in NY on Dec. 15

December 2, 2020

ALBANY—In another sign of some light at the end of the tunnel on the COVID crisis, at a press conference on Wednesday, Gov. Andrew Cuomo announced that New York State will soon receive an initial delivery of enough COVID-19 vaccine doses for 170,000 New Yorkers. If all safety and efficacy approvals are granted by the…

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Rockland County Legislature Unanimously Adopts Amended 2021 County Budget

December 2, 2020

NEW CITY—Rockland County legislators voted unanimously (16-0) on Dec. 1 to adopt an amended 2021 County Budget that lowers property taxes to less than 1% next year, and has no sales tax rate increases, layoffs or program cuts. “This budget recognizes and implements the recommendations made by our independent fiscal auditor, and by extension, provides…

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Northeast Pending Home Sales Dropped Nearly 6% in October

December 2, 2020

WASHINGTON—Pending home sales fell slightly in October, according to the National Association of Realtors. Contract activity was mixed among the four major U.S. regions, with the only positive month-over-month growth happening in the South, although each region achieved year-over-year gains in pending home sales transactions. The Pending Home Sales Index, a forward-looking indicator of home…

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NY Entering New COVID Phase; Hospital Capacity, Staffing Now Top Concern

November 30, 2020

ALBANY—In response to rising COVID hospitalizations throughout the state, New York Gov. Andrew Cuomo said today that the state is entering a new phase in its “war against COVID.” The governor and the New York State Department of Health are issuing directives that focus on a new strategy geared to ensuring sufficient hospital capacity throughout…

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Developer Breaks Ground on 500,000 SF ‘Spec’ Logistics Project in Orange County

November 30, 2020

GOSHEN—Officials with Boston-based development firm GFI Partners and commercial brokerage firm Resource Realty of Parsippany, NJ were joined by county and local dignitaries on Nov. 24 to turn the first dirt on the largest speculative industrial project in memory in Orange County. The local officials that attended the event celebrating the launch of the 500,000-square-foot…

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Morgan Stanley Plans $200M Renovation of Harrison Office Complex Thanks to Westchester IDA Incentives

November 27, 2020

WHITE PLAINS—The Westchester County Industrial Development Agency announced on Nov. 25 it recently granted final approval for incentives ranging from $6.5 million to $13 million to Morgan Stanley for the financial services firm’s planned more than $200-million renovation of its corporate office complex at 2000 Westchester Ave. in Harrison. The Industrial Development Agency stated that…

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NYC-Based Monday Properties Acquires Stamford Office Complex for $27.25M

November 25, 2020

STAMFORD, CT—Monday Properties, a national real estate firm based in New York City, has acquired a two-building office complex totaling 224,000 square feet at 900 Long Ridge Road in Stamford, CT for $27.25 million. The deal marks Monday Properties’ second acquisition in less than two months and the first this year in the New York…

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Yonkers IDA Grants Preliminary Approval of Incentives For Acquisition, Rehab of Affordable Housing Complex

November 25, 2020

YONKERS—The Yonkers Industrial Development Agency (YIDA) Board voted on Nov. 23 to grant preliminary approval of financial incentives for the $37.6-million acquisition and rehabilitation of the Jackson Terrace Apartments, a complex featuring 181 affordable low-income housing units. Located at 100 Herriot St., the 12-story building is being acquired by the New York City-based Hudson Valley…

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Nanuet Investment Firm Acquires Mack-Cali Office Building for $12.75M

November 24, 2020

PARSIPPANY, NJ—The Birch Group of Nanuet has acquired from Mack-Cali Realty Corp., a 154,820-square-foot office building at 7 Campus Drive here for $12.75 million. The sale by Jersey-based Mack-Cali is part of an ongoing disposition of its office assets. The firm reported that the sale brings its year-to-date suburban office dispositions to $270.35 million. “We…

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