NEW YORK—TD Bank reported on Aug. 28 it had closed on an $18.4-million construction loan for MHANY Management Inc. and We Stay/Nos Quedamos, Inc. (Nos Quedamos) to develop the second phase of Phoenix Estates, a new eight-story, mixed-use building in the Hunts Point neighborhood of the Bronx. The 111,000 square foot building will eventually become…
Read MoreTARRYTOWN—Long-suffering commuters will soon get the full benefits of the new Tappan Zee Bridge, now known as the Governor Mario M. Cuomo Bridge. In fact, the ride could get much better by this Saturday. Gov. Andrew Cuomo announced on Tuesday that the second span of the Governor Mario M. Cuomo Bridge will open this Saturday,…
Read MoreYONKERS—New York City developer Extell’s proposed $502-million mixed-use waterfront project here has received approximately $21.3 million in incentives from the Yonkers Industrial Development Agency. Yonkers IDA officials stated that the incentives granted to Extell is the largest package of incentives offered by the authority in its history. The Yonkers IDA conveyed the perks to Extell…
Read MoreRYE BROOK—Houlihan Lawrence has announced the appointment of Elizabeth Nunan, a 20-year veteran of the company, as chief operating officer. Nunan, who spent 20 years at Houlihan Lawrence heading its Global Business Development team, most recently worked as the executive vice president of Member Services at Leading Real Estate Companies of the World (LeadingRE), an…
Read MoreWASHINGTON—Existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors. The West was the only major region with an increase in sales last month. Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops,…
Read MoreWASHINGTON—The U.S. Department of Housing and Urban Development announced on Friday it had filed a formal civil complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. HUD officials also reported on Friday that the U.S. Attorney for the Southern…
Read MoreWHITE PLAINS—Numbers don’t lie and the latest statistics prove beyond a shadow of a doubt that tourism is a major revenue producer for Westchester County. Tourists have flocked to Westchester to enjoy the Long Island Sound and the Hudson River. They also come to the county to hike its mountains, tour its museums and ride…
Read MoreWhat if you could wake up each morning and decide where you want to work that day? Your selections include New York, Denver, Barcelona, Paris, Montreal or Amsterdam. Well, employees of Danone North America are able to make that choice every day—their new 80,000-square-foot headquarters at The Source at White Plains (1 Maple Ave.) is…
Read MoreCE Discusses Economic Development, Co-Op Bill, Budget Deficit WHITE PLAINS— Real Estate In-Depth recently sat down with Westchester County Executive George Latimer at his offices in White Plains to discuss his views on some of the critical issues he faces in his first term of office. Latimer, a third generation Westchester native, was born on…
Read MoreVALHALLA—As part of it efforts to enhance county government support of small business, Westchester County staged its first “Incubator Summit” on Aug. 2 at Westchester Community College. The well-attended event featured presentations by county government officials, as well as approximately 40 representatives of the business, education and investment communities who discussed the merits of incubators…
Read MoreNEW YORK—RE/MAX Edge recently opened its second office in Brooklyn with a ribbon cutting ceremony, Open House and community celebration. The newly opened office, located at 9425 3rd Ave. in Bay Ridge, Brooklyn, is the second full service real estate location for Broker/Owner Michael Napolitano and will provide comprehensive residential and commercial real estate services…
Read MoreMAMARONECK—Developers Brett and Tosh Garson surrounded by 40 friends, family and business associates hosted a groundbreaking ceremony for its newest luxury boutique project located at 145 Library Lane. Congratulatory remarks were given by New York State Senator Shelley Mayer, and Lisa Urban representing New York State Assemblyman Steven Otis. The Cove at Library Lane will…
Read MoreMAMARONECK—Elk Homes, a Rye-based developer of high quality rental and multi-family housing, has announced the start of sales of Coastal Court, an exclusive collection of luxury townhomes in the heart of Downtown Mamaroneck. Coastal Court features three townhome residences each with two bedrooms, two-and-a-half baths and 9- and 10-foot ceiling heights throughout. Two of the…
Read MoreNEW YORK—Now in its 12th year, the Global Real Estate Summit NYC will be held on Monday, Oct. 22 at the New York Marriott Marquis in Midtown Manhattan. Embracing the theme of “Mapping the Global Future,” the daylong event will feature noted real estate strategist Stefan Swanepoel, along with more than 20 other presenters and…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation recently made donations totaling $3,500 to the Ronald McDonald House of the Greater Hudson Valley located across from Maria Fareri Children’s Hospital in Valhalla and Furniture Sharehouse in Armonk. The Ronald McDonald House provides a temporary home-away-from-home for families of critically ill or traumatically injured children. The house offers…
Read MoreNEW YORK—New York Gov. Andrew Cuomo announced on Aug. 9th his intent to propose legislation to “decouple” state tax policy from the federal tax code if the Trump Administration follows through on a plan to enact a $100-billion capital gains tax cut. Gov. Cuomo in a press conference in New York City also called on…
Read MoreWHITE PLAINS—Westchester residential brokerage executives and industry analysts responding to multiple trade press reports of a troubled Westchester housing market caused by the impacts of the cap on state and local taxes, hit back saying demand is still high and prices are rising. Relying on the second quarter home sales market statistics released by the…
Read MoreWAWAYNADA, NY—The decision by the New York State Department of Environmental Conservation last week to deny a critical air quality permit had all but shut down operations at the fledgling and controversial CPV Valley Energy Center here until a state judge a day later allowed the plant to continue operations, at least for now. Knowledgeable…
Read MoreWASHINGTON—Amidst staggeringly low inventory levels in much of the country during the second quarter, existing-homes sales cooled and home prices maintained their robust level of appreciation, according to the latest quarterly report by the National Association of Realtors released on Aug. 8. Last quarter, the San Francisco metro area joined the San Jose metro area…
Read MoreNEW ROCHELLE—Iona College celebrated the official groundbreaking of its new business school building on July 27 with a ceremony that included alumnus and Board of Trustees member Robert V. LaPenta '67, '00H, officials from Iona College and the City of New Rochelle, and members of the local community. Remarks were delivered by LaPenta, Iona School…
Read More