Work Progresses on $300M Hudson Heritage Mixed-Use Project in Town of Poughkeepsie

June 8, 2020

TOWN 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…

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Westchester Disinfectant Service Company Offers Sanitization Program for New Homeowners, Renters

June 5, 2020

RYE 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…

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NAR Identifies Top 10 Housing Markets for Millennials During the Pandemic

June 4, 2020

WASHINGTON—– 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.…

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New Westchester Builders Group Begins Operations

June 3, 2020

ARMONK – 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…

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Two Major Westchester Shopping Centers Partially Reopen

May 28, 2020

WHITE 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.…

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Hudson Valley Unemployment Rate Soars to 14.2% in April

May 28, 2020

ALBANY—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…

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U.S. Existing-Home Sales Fall Nearly 17% in April

May 26, 2020

WASHINGTON—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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BREAKING NEWS: Gov. Cuomo Says Mid-Hudson Economy to Reopen on Tuesday

May 22, 2020

ALBANY—Gov. Andrew Cuomo announced today that pending the required training of contact tracers over the Memorial Day weekend, the Mid-Hudson regional economy will begin phase one of its economy’s reopening on Tuesday, May 26. The governor in his daily COVID-19 briefing on Saturday said the Mid-Hudson region had met the metric in terms of COVID…

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Broadview – Senior Living at Purchase College Secures Sufficient Funding to Start Construction Next Year

May 21, 2020

PURCHASE—Broadview – Senior Living at Purchase College, currently under development at the Purchase College campus, has reached the halfway point to financing to enable its developer to pencil in the start construction for the 220-resident retirement community for individuals 62 and older next year. Located on a 40-acre grassy and wooded landscape, Broadview will offer…

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Eastern Union Launches New 'Distressed Notes Initiative'

May 18, 2020

BROOKLYN—To help commercial lenders minimize the future damage that the COVID-19 pandemic will inevitably inflict upon their balance sheets, Eastern Union has launched a Distressed Notes Initiative that will identify investors interested in purchasing lenders' troubled mortgages. The company will leverage its extensive database of investors to help community banks and private debt funds find…

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DiNapoli: April Sales Tax Collections Decline More Than 24% After COVID-19 Shutdown

May 13, 2020

ALBANY—Local sales tax collections dropped 24.4% in April compared to April 2019, leaving many of New York’s local governments grappling with shortfalls, according to a report released today by New York State Comptroller Thomas P. DiNapoli. Sales tax collections totaled $1.02 billion in April. Plummeting sales tax collections were widespread, leaving counties, cities and some…

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Metro Home Prices Rise in 96% of Metro Areas in First Quarter of 2020

May 12, 2020

WASHINGTON—Nearly all of the nation’s metro areas saw price growth and had minimal inventory increases in the first quarter of 2020, according to the latest quarterly report by the National Association of Realtors. The Northeast saw an increase of just under 10% in single-family home prices in the region. Median single-family home prices increased year-over-year…

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