ALBANY— New York Gov. Andrew M. Cuomo announced on June 29th what he termed as the beginning of a new era for Stewart International Airport in New Windsor with its official name change to “New York Stewart International Airport.” The governor said the formal adoption of its new name builds on the airport's significant growth…
Read MoreNEW CITY—In four years, Rockland County government has gone from having approximately $42,000 in the bank and $138 million in debt, to being in the black with a fund balance of more than $6 million. Rockland County Executive Ed Day announced the positive budgetary news relating to the county’s just released Comprehensive Annual Financial Report…
Read MoreNEW YORK—Better Homes and Gardens Rand Realty has increased its footprint in the Bronx, the Nanuet-headquartered brokerage firm reports. Better Homes and Gardens Rand Realty has merged with Exit Realty Search of the Bronx. With the merger, the firm, brings more than 60 agents to the Rand Realty network. The brokerage firm also reported recently…
Read MoreCo-op fair housing legislation is critical to ensuring affordable and available housing to everyone including those designated as a protected class under federal, state and local fair housing law. HGAR was successful in lobbying to have a law passed in Rockland County that requires a 45-day time period in which a board must accept or…
Read MoreWHITE PLAINS— The Westchester County Board of Legislators earlier this month approved the purchase of land that will result in the creation of 56 new units of affordable housing for seniors in White Plains. The long-delayed project—Mount Hope Plaza at 65 Lake Street in White Plains—will create affordable housing units for seniors 62 years and…
Read MoreWHITE PLAINS—Three major property sales were reported by area commercial brokerage firms recently that involved multifamily and retail properties in Westchester County and a more than 123-acre site in East Fishkill formerly owned by IBM. Marcus & Millichap recently announced the sale of a three-property, 104-unit multifamily portfolio in White Plains. The portfolio sold for…
Read MoreNANUET—Following the retirement of Teresa O’Shaughnessy, Better Homes and Gardens Rand Realty has selected Sharon Tucker as the new manager for its office in Pearl River. “This past year with Rand Realty has been one of the most-memorable of my career,” said Tucker. “I’ve learned so much in my time here thus far, and I’m…
Read MoreWHITE PLAINS—After electing new leadership earlier this year, a reconstituted and perhaps reinvigorated Westchester Hotel Association traveled to Albany in May on its first “Hotel Lobby Day” with state lawmakers. Joined by the Business Council of Westchester, the Westchester Hotel Association met with key state officials to voice their opposition on proposed legislation that the…
Read MoreLAGRANGEVILLE, —Berkshire Hathaway HomeServices Hudson Valley Properties, announced on May 31 the acquisition of Westwood Metes & Bounds Realty Ltd., a long-tenured real estate brokerage serving Ulster County. Hudson Valley Properties adds nearly 60 agents and five offices through the transaction. The offices are located in Kingston, New Paltz, Stone Ridge, West Hurley and Woodstock.…
Read MoreTARRYTOWN—The Hudson Gateway Association of Realtors is joining Realtor, real estate and housing advocacy organizations across the country in marking the 50th Anniversary of the Fair Housing Act this year. HGAR is holding a special program in commemoration of the Fair Housing Act on Thursday, July 12 at the DoubleTree Hotel in Tarrytown. The program,…
Read MoreWHITE PLAINS—One of the key people who helped shape the modern-day Hudson Gateway Association of Realtors has passed away at the age of 75. Longtime Board Legal Counsel Edward I. Sumber died on June 5 in Palm Beach Gardens, FL. Real Estate In-Depth talked with association leaders from past and present who were in unison…
Read MoreCalifornia’s Napa Valley may be famous for its wines, but New York’s Hudson Valley also has quite the reputation for offering some of the best wines not only in New York, but throughout the country. One of the most popular destinations in our area is the Shawangunk Wine Trail, an 80-mile long stretch that is…
Read MoreSummer is coming and that translates to the feel of beach sand on bare feet, the aroma of dinner on the barbecue grill, and the sounds of everything from classic rock to jazz to country music filling concert halls throughout the Hudson Valley. Bands like Kansas, Poison, Yes, America, Jefferson Starship, Lady Antebellum and Justin…
Read MoreEASTCHESTER— A Savvy Affair, an event-planning firm that specializes in charity events, hosted approximately 400 guests at Mulino's At Lake Isle in Eastchester on May 17th. The event featured a "freestyle music theme," including performances by Freestyle entertainers TKA and Cynthia. Among the attendees included many guests from the real estate industry. The program marked…
Read MoreRYE BROOK—Metro-North President Catherine Rinaldi briefed members of the Commercial Investment Division of the Hudson Gateway Association of Realtors and the Business Council of Westchester on June 7 on the latest railroad initiatives, including the long-awaited improvements to the White Plains station. Rinaldi, who recently spoke before the Orange County Citizens Foundation on the needs…
Read MoreWHITE PLAINS—Two veteran residential brokers and “Rising Stars”—Chirag Shah and Jason Wilson—have ventured out on their own and formed a new boutique brokerage firm here called “LifeNY.” The two Realtors, who both have been heavily engaged in the Hudson Gateway Association of Realtors, say their new firm will have “a laser focus on client services…
Read MoreWHITE PLAINS—Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 22 condominium units within the Gateway Condominiums property at 257 Central Ave. in White Plains. The asking price for the bulk package of condominium units is $7.95 million. A team led by Vice Chairman Thomas A. Donovan, along with…
Read MoreALBANY—New York State’s Industrial Development Agencies reported $715 million in net tax exemptions in 2016, up almost 3% from 2015, according to a report issued on June 1st by New York State Comptroller Thomas P. DiNapoli. The report also showed that downstate regions accounted for 57% of the total net jobs gained through IDA projects…
Read MoreSCARSDALE– Portico Realty Group recently announced that Emi Cacace has been appointed vice president of the World Council of Brokers by the International Real Estate Federation (FIABCI). As a member of the FIABCI, Cacace is equipped with the necessary training and experience to work successfully in international real estate and client relocation. Cacace, who is…
Read MoreWASHINGTON— After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased…
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