News

Elmsford-Based Developer Selected for Mount Pleasant IDA Project

January 25, 2022

MOUNT PLEASANT—Trinity Associates of Elmsford has been selected by the Mount Pleasant Industrial Development Agency to build a transit-oriented development project on a long-vacant parcel in the hamlet of Hawthorne. The Mount Pleasant IDA announced on Jan. 24 it had approved its chair to enter negotiations to sell the property located at 408 Elwood Ave…

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Retail Component of Chappaqua Crossing Trades for Nearly $80M

January 25, 2022

CHAPPAQUA—The newly developed retail component of the former Reader’s Digest headquarters property has been sold in a deal valued at $79.5 million. The transaction, announced by commercial brokerage firm CBRE, involves the 120,986-square-foot trophy quality, grocery-anchored shopping center that is part of the mixed-use Chappaqua Crossing development. The property was sold by the joint venture…

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Annual U.S. Existing-Home Sales Hit Highest Mark Since 2006

January 20, 2022

WASHINGTON—Existing-home sales declined in December, snapping a streak of three straight months of gains, according to the National Association of Realtors. Each of the four major U.S. regions witnessed sales fall in December from both a month-over-month and a year-over-year basis. Despite the drop, overall sales for 2021 increased 8.5%. Total existing-home sales involving completed…

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Realtors Expect Continued Strong Housing Market in 2022

January 20, 2022

WHITE PLAINS—After residential sales volume in the Hudson Gateway Association of Realtors’ market area reached historically high levels in 2021, brokers expect continued strong sales activity this year, although not at the feverish pace the industry enjoyed in the midst of the COVID-19 pandemic. To say there are headwinds facing Realtors and consumers in 2022…

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A Conversation with Orange County IDA Executive Director Bill Fioravanti

January 20, 2022

The embattled Orange County Industrial Development Agency is in the midst of implementing reforms in response to a corruption scandal that rocked the agency and the county’s business community last year with guilty pleas by two of its chief administrative officers and a member of its Board of Directors. Shortly after the three individuals— Orange…

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State Awards $991 Million in Funding for Affordable Housing Projects

January 14, 2022

ALBANY—New York Gov. Kathy Hochul announced on Jan. 13 a total of $991 million in bonds and subsidies awarded to create or preserve 3,242 affordable, sustainable, and supportive homes across the state. The funding awards include $680 million in financing for six projects in the New York City and Mid-Hudson regions. The developments will leverage…

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Great Point Studios Opens Lionsgate Studios; Announces $500M Expansion in Yonkers

January 12, 2022

YONKERS—Great Point Studios officially opened the doors to its long-awaited Lionsgate Studios Yonkers on Jan. 11 at 45 Wells Ave. and announced that it will move forward with a more than $500-million expansion plan nearby. The expansion project announced by Great Point Studios Founder and CEO Robert Halmi calls for a 1-million-square-foot facility that will…

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Houlihan Lawrence Expands Operations to New Haven, CT

January 11, 2022

RYE BROOK—In what the brokerage firm describes as “a significant expansion move,” Houlihan Lawrence reported on Jan. 10 that it is growing its presence in the State of Connecticut. The Rye Brook-based company announced that New Haven, CT-based brokerage firm Wareck D’Ostilio is joining Houlihan Lawrence as an independently owned affiliate. Wareck D’Ostilio’s 75 agents…

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Rockland County-Based Birch Group Spends $212M on Long Island Office Complex

January 7, 2022

NANUET—The Birch Group, a locally-based privately-held commercial real estate investor, owner and operator, reported on Jan. 6 it had acquired a two-building portfolio from DRA Advisors and Onyx Equities in Jericho, NY for $212 million. The acquisition follows the company’s recent $255-million portfolio purchase in Short Hills, NJ. With this latest acquisition, The Birch Group…

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Westchester IDA, LDC Provided Incentives That Fueled $1.2B in Investment in 2021

January 6, 2022

WHITE PLAINS—The Westchester County Industrial Development Agency and the Westchester County Local Development Corporation has provided financial incentives and tax-exempt bond financing to major developments representing more than $1.2 billion in private investment in Westchester County’s economy last year. “As Westchester re-emerges from the economic downturn resulting from the pandemic, the IDA and LDC have…

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Hudson Valley Pattern for Progress Appoints Bosch as President, CEO

January 4, 2022

NEWBURGH—The Board of Directors at Hudson Valley Pattern for Progress announced earlier this month the appointment of Adam Bosch as the organization’s next president and chief executive officer. Bosch, a lifelong resident of the Hudson Valley, worked as a journalist, college professor, and policy analyst across the region before joining the senior leadership team of…

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Slowing Fourth Quarter Sales Did Not Derail Record 2021 Housing Market

January 4, 2022

WHITE PLAINS—Residential sales in 2021 in the counties served by OneKey MLS, Inc. reached a historic peak. This, despite a slowing of sales in the fourth quarter in all areas served by OneKey MLS with the exception of Bronx County. Arguably, some of the slowdown can be attributed to the dearth of inventory in the…

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Yonkers IDA Approves Incentives for $60M Lionsgate Studio’s Phase Two Expansion

January 3, 2022

YONKERS—The Board of Directors of the Yonkers Industrial Development Agency (YIDA) voted final approval on Dec. 29 of financial incentives for the $60-million Phase 2 expansion of Lionsgate’s motion picture studio complex at iPark on the Yonkers waterfront. The expansion involves Buildings 3, 4 and 5 as well as the remaining surface lots and private…

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Town of Yorktown Adopts Overlay District Zoning In Yorktown Heights, Lake Osceola Biz Hamlets

December 30, 2021

YORKTOWN—The Yorktown Town Board voted on Dec. 29 to adopt overlay district zoning for two business hamlets. The creation of overlay districts in the Yorktown Heights and Lake Osceola business hamlets will encourage the creative redevelopment of functionally outdated properties, a greater flexibility of permitted land uses and visually harmonious streetscapes. The Town Board voted…

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Houlihan Lawrence’s Stronger Together Campaign Raises Over $125,000 for Breast Cancer Awareness

December 29, 2021

RYE BROOK—Continuing a proud tradition that dates back 25 years, Houlihan Lawrence’s real estate professionals from across its 30 office teams once again came together this fall in support of Breast Cancer Awareness month, the company’s largest philanthropic initiative. The brokerage firm reported recently that this year, the company’s Stronger Together Campaign raised more than…

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Hudson Gateway REALTOR® Foundation and Bronx YMCA’s “Operation REALTORS® Kids” Toy Drive a Huge Success

December 29, 2021

The Hudson Gateway REALTOR® Foundation, the charitable arm of the Hudson Gateway Association of REALTORS® (HGAR), and the Bronx YMCA’s “Operation REALTORS® Kids” Toy Drive was a tremendous success this year. Now in its 10th year, the toy drive benefitted 80 children in 35 families throughout the Bronx on Christmas Day. “Operation Realtors Kids” Toy…

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Hudson Valley iCampus Retains Tri-State Team from Colliers as Exclusive Broker

December 28, 2021

PEARL RIVER—Hudson Valley iCampus, the former Pearl River complex of Pfizer, Inc., has retained commercial real estate brokerage firm Colliers as the exclusive leasing agent for the 2.0-million-square-foot, mixed-use, multi-tenanted campus. The 207-acre property is owned by Industrial Realty Group, LLC, a real estate development and investment firm with more than 100 million square feet…

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