NEW YORK—Brown Harris Stevens has announced its acquisition of Christie’s International Real Estate’s New York City brokerage. Brown Harris Stevens will welcome 20 of Christie’s New York City agents. The company said the deal will further expand the firm’s footprint in Manhattan and strengthen its impact in the local luxury market. No financial terms of…
Read MoreMOUNT 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…
Read MoreCHAPPAQUA—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…
Read MoreWASHINGTON—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…
Read MoreWHITE 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…
Read MoreThe 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…
Read MoreALBANY—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…
Read MoreYONKERS—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…
Read MoreRYE 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…
Read MoreNANUET—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…
Read MoreWHITE 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…
Read MoreNEWBURGH—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…
Read MoreALBANY—New York Gov. Kathy Hochul and New York Attorney General Letitia James announced on Jan. 3 that New York, Connecticut, Maryland, and New Jersey filed a petition for certiorari to the U.S. Supreme Court to continue their lawsuit against the federal government for its unlawful and unprecedented cap on the deduction for state and local…
Read MoreWHITE 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…
Read MoreYONKERS—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…
Read MoreNEW YORK—Touro College and University System, one of the nation's leading non-profit institutions of higher and professional education under Jewish auspices, announced plans on Jan. 3 to build a new 243,305 square-foot campus at the 3 Times Square tower owned and operated by the Rudin Family. In announcing the plan to build its main campus…
Read MoreYORKTOWN—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…
Read MoreRYE 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…
Read MoreThe 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…
Read MorePEARL 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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