YONKERS—Greenwich, CT-based development firm National Resources has secured a $230-million refinancing deal for Lionsgate Studios Yonkers, a 500,000 square foot, state-of-the-art film production complex at 28 Wells Ave. in Yonkers. The deal was announced on April 4 by JLL Capital Markets, which worked on behalf of the borrower, National Resources to originate the five-year, fully…
Read MoreSANTA CLARA, CA—Realtor.com released survey data on April 6 that shows homeowners are gearing up to sell this spring and summer. According to the report, 64% of prospective 2022 sellers anticipate doing so within the next six months, and with high expectations for making a profit. The potential uptick in newly-listed homes indicates some much-needed…
Read MoreWHITE PLAINS—Residential sales in the first quarter of 2022 in the counties served by OneKey MLS, LLC were down from the historic peaks of 2021, but still posted strong results when compared with 2019 and 2020. The one county served by OneKey MLS that posted stronger numbers in 2022 compared to 2021 was Bronx County…
Read MoreWHITE PLAINS—At its latest session, the Westchester County Industrial Development Agency has voted preliminary and final approvals of financial incentives for the construction of a pair of multifamily residential projects in Downtown White Plains. The two projects—70 Westchester Avenue and 51 South Broadway—represent a total private investment of $171 million and are expected to create…
Read MoreIRVINGTON—Luba Sydor, a Ukrainian-American Realtor with Houlihan Lawrence’s Irvington office, has launched a fundraising campaign for medical and military supplies for Ukraine’s Dnipro Territorial Defense Battalion, as Russia continues to wage war on the country. Sydor has established a special Amazon.com shopping list as a convenient way for people to donate much needed supplies: https://www.amazon.com/registries/custom/38Z8HUOB4WHKG…
Read MoreNEW YORK—In what commercial brokers say is the largest new lease transaction in Downtown Manhattan during the past 18 months, MJHS Health System has signed a 138,374-square-foot office lease at 55 Water St. in Downtown Manhattan. CBRE, which arranged the 30-year lease transaction, reports that MJHS will be consolidating most of its Brooklyn offices as…
Read MoreWASHINGTON— Pending home sales slipped in February, marking four consecutive months of transaction decreases, according to the National Association of Realtors. Three of the four major U.S. regions saw contract signings fall month-over-month, with the Northeast being the only area that reported an increase. All four regions registered a decline in year-over-year contract activity. The…
Read MoreWASHINGTON—Mortgage applications decreased 6.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 25, 2022. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the…
Read MoreYONKERS—A host of state and local officials joined Yonkers Mayor Mike Spano, Yonkers Board of Education, Superintendent of Schools Dr. Edwin M. Quezada on Friday for the groundbreaking of the Yonkers Public School District’s new Justice Sonia Sotomayor Community School. To be dedicated to Supreme Court Justice Sotomayor, the new school located at 73 Lawrence…
Read MoreWARWICK—Keller Williams Realty First in NY recently announced the opening of a new and expanded Main Street office location in Warwick. This office space is one of now three offices in Orange County, NY available to the Keller Williams agents to better serve their clients and community. The firm’s new Warwick office is located at…
Read MoreRecently, a new leader took the helm of what some in the business community consider the Hudson Valley’s very own think tank—Hudson Valley Pattern for Progress. The Board of Directors at Pattern for Progress appointed Adam Bosch, 39. to be the organization’s next president and chief executive officer, replacing Jonathan Drapkin, who had led the…
Read MoreYONKERS—Yonkers Mayor Mike Spano announced on March 23 the appointment of Lynette Thomas-Braggs as the City of Yonkers first-ever female City Assessor. Thomas-Braggs has worked for the city for more than 20 years, most recently serving as a Senior Real Property Appraiser in the City of Yonkers Assessment Department. Thomas-Braggs fills a vacancy left by…
Read MoreALBANY—The average bonus paid to employees in New York City’s securities industry for 2021 grew to $257,500, a 20% jump over the previous year’s record high, according to annual estimates released on Wednesday by New York State Comptroller Thomas P. DiNapoli. The estimated bonuses paid out on Wall Street are higher than the city’s most…
Read MoreWASHINGTON—The share of millennial home buyers increased significantly over the past year. They are also the most likely generation to use the Internet to find the home they ultimately purchase and most likely to use a real estate agent, according to a report released by the National Association of Realtors on March 23. The 2022…
Read MoreOSSINING—The Village of Ossining announced on March 21 it had issued a request for proposal (RFP) from a qualified developer for the adaptive reuse of a National Register-listed historic building built in 1908, which sits on a village-owned parcel located at 200 Main St., located at the intersection of Main Street and New York State…
Read MoreWASHINGTON—Existing-home sales dipped in February, continuing a seesawing pattern of gains and declines over the last few months, according to the National Association of Realtors. Each of the four major U.S. regions saw sales fall on a month-over-month basis in February. Sales activity year-over-year was also down overall, though the South experienced an increase while…
Read MoreTOWN OF WALLKILL—Near a busy overpass for Route 17, state and local government leaders joined business and building trades representatives to press New York State to move forward with necessary environmental studies that will lead to what they say is the long-overdue expansion of Route 17 in Orange and Sullivan counties. The March 10th rally…
Read MoreWASHINGTON—The National Association of Hispanic Real Estate Professionals released the 12th publication of its annual State of Hispanic Homeownership Report on March 16 on the final day of NAHREP’s National Convention & Housing Policy Summit in Washington D.C. The report found that in 2021, the Hispanic homeownership rate increased to 48.4%, consistent with the trendline…
Read MoreNEW YORK—SL Green Realty Corp. announced on March 15 it had signed a 16-year, 328,000-square foot lease with International Business Machines Corp. at its One Madison Ave. tower building currently under construction. The lease covers portions of floors two and seven and the entire eighth through 10th floors and a portion of the ground floor…
Read MoreTARRYTOWN—One of the most recognizable hotel properties in Westchester County—the Westchester Marriott—has changed hands in a $40-million transaction. New York City-based Taconic Capital Advisors, HEI Hotels & Resorts of Norwalk, CT partnered to acquire the Westchester Marriott, a 444-key hotel in Tarrytown, from Ares Commercial Real Estate Corp. of New York City for $40 million.…
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