NEW WINDSOR—Gov. Kathy Hochul announced significant new state funding for the campus-wide improvement project at Storm King Art Center, a 500-acre outdoor museum in New Windsor that includes a $7.5-million New York State Council of the Arts Large Capital Improvement Grants recipient. The governor, at the groundbreaking ceremony on June 6, reported that in addition…
Read MoreYONKERS—Rand Commercial reported on June 7 the lease of the entire second floor at 86 Main St. in Yonkers to Special Citizens Futures Unlimited, Inc. The lease for 11,703 square feet has a 11-year term. The space shall be used as executive and administrative offices serving the firm’s current facilities in the Bronx and in…
Read MoreWASHINGTON—The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis released today by the National Association of Realtors and Realtor.com. The country's persistent housing inventory crunch impacts middle-income buyers more than any other income bracket. NAR and Realtor.com's housing affordability and supply report examines the number…
Read MoreSLEEPY HOLLOW—Organizers of the second annual Diversity, Equity, & Inclusion Summit were in agreement that this year’s event, held on June 5 and 6 at the Sleepy Hollow Hotel & Conference Center here, featured a wide-ranged offering of programs and discussions geared at providing insights for real estate brokers, agents, as well as association boards…
Read MoreNEW YORK—The Hudson Gateway Association of Realtors, Inc., OneKey MLS and TitleVest hosted a virtual panel recently featuring real estate industry leaders who discussed New York’s ever-evolving public space streetscapes, skylines and neighborhoods. Joined by top voices from Compass, the panel explored some of New York’s major neighborhood changes—past, present and future—spurred by at times…
Read MoreNEW YORK—The New York City metro region received some heartening data from commercial brokerage firm CBRE, which announced on June 7 that the Greater New York market ranked fourth in the nation for life sciences research talent. Nationally, the growth of U.S. life sciences researchers remains resilient in the face of economic concerns, with the…
Read MoreYONKERS— The Yonkers Industrial Development Agency announced recently it had voted to grant final approvals of financial incentives for four multifamily residential developments—Bridgewater North, Miroza Tower, 345 McLean Ave. and 83-95 Vineyard Ave. The four projects represent a total of $291 million in private investment and will create a total of 612 new residential units…
Read MoreWHITE PLAINS—At a press conference on May 31, Westchester County Executive George Latimer signed legislation into law that will create an agency that will provide legal counsel to income-eligible tenants and occupants facing eviction or other housing-related matters. A housing advocacy organization stated that 93% of landlords are represented by counsel in eviction proceedings in…
Read MoreMONTEBELLO, NY—On May 30, Owner/Developer FilBen Group, equity partner RSF Partners, general contractor McAlpine Contracting, and designer H2M Architects + Engineers celebrated the “First Floor Rising” event, which marked the completion of foundations and the beginning of the above-ground construction phase for Braemar at Montebello. The development, when completed, will feature a 200-resident, 133,675-square foot,…
Read MoreWASHINGTON—If at first you don’t succeed, try, try and try again. A group of Republican Congressmen submitted an amendment to the federal debt ceiling agreement before the House Rules Committee to raise the SALT Cap from $10,000 to $60,000 for individual tax filers. However, Real Estate In-Depth has learned that the amendment failed to pass…
Read MoreRYE—The Westchester County Association at its 2023 Real Estate Conference on May 10 honored recently retired Norma Drummond, Commissioner of Planning for Westchester County, with its “Legacy Award.” Drummond was the Commissioner of Planning for Westchester County since Jan. 1986 and served the county in that post for more than 37 years. She has extensive…
Read MoreWHITE PLAINS—The Westchester County Office of Economic Development announced on May 8 it had partnered with Sustainable Westchester to launch a Clean Energy Accelerator Program. The program, which includes a Careers Working Group that recently met for the first time, convenes key stakeholders who will work together to identify the workforce needs of the clean…
Read MoreNEW YORK—Simone Development Companies has signed a long-term lease renewal with Mercy College for 125,522 square feet of classroom, administrative and amenities space at 1200 Waters Place in the Bronx, renewing the institution’s commitment to the borough and the Hutchinson Metro Center, which they helped anchor more than 20 years ago. The transaction was announced…
Read MoreNEW ROCHELLE, NY—The City of New Rochelle announced on May 12 the selection of Brooklyn, NY-based FXCollaborative to transform the city’s Train Station and Transit Center located at the heart of its thriving downtown. The busiest stop on the Metro-North New Haven line, New Rochelle’s historic train station has been an anchor through the decades,…
Read MoreWASHINGTON—The National Association of Realtors recently released its Confidence Index Survey for the month of April, which showed continued broker sentiment that market conditions have and will continue to remain the same with listings low and contract activity staying competitive. The NAR report indicated that the time on market has declined from 29 days in…
Read MoreTARRYTOWN—The Hudson Gateway Association of Realtors along with six other regional Realtor Associations, will be holding the 2nd Annual Diversity, Equity & Inclusion (DEI) Summit on June 5 and 6 at the Sleepy Hollow Hotel & Conference Center in Tarrytown. OneKey MLS is the Premier Sponsor for the event. HGAR is teaming up with the…
Read MoreNEW YORK—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, was honored recently by VISIONS/Services for the Blind & Visually Impaired at the not-for-profit’s Annual Awards event held at the Pelham Bay/Split Rock Golf Course in the Bronx. Gail Fattizzi, President of the HG Realtor Foundation, accepted the award…
Read MoreFARMINGDALE, NY—OneKey MLS, reported earlier today (May 22) that the closed median sale price rose 4.00% in its market area that covers nine counties in the New York City Metro/Hudson Valley regions. OneKey MLS reported a regional closed median sale price of $575,000 in April, as compared to the $553,175 reported in March 2023. Sales…
Read MoreGREENWICH, CT—Regency Centers Corp. of Jacksonville, FL and Urstadt Biddle Properties Inc., which is headquartered in Greenwich, CT, announced on May 18 that they had entered into a definitive merger agreement by which Regency will acquire Urstadt Biddle in an all-stock transaction, valued at approximately $1.4 billion, including the assumption of debt and preferred stock.…
Read MoreWASHINGTON—Existing-home sales decreased more than 3% in April, according to the National Association of Realtors. All four major U.S. regions registered month-over-month and year-over-year sales declines. Home sales in the Northeast fell less than 2% last month, according to the NAR report. Total existing-home sales slid 3.4% from March to a seasonally adjusted annual rate…
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