NEW ROCHELLE—A groundbreaking was staged at the long-shuttered Loew’s Theater in New Rochelle on Nov. 30 for a much-anticipated $120-million mixed-use high-rise tower. However, while definitely cause for celebration, city officials and the developer say the event was just the first of what they expect will be a host of new commercial developments that will…
Read MoreWEST NYACK—Tiera Rice, 27, has joined the growing number of Hudson Valley real estate professionals who are also authors. The West Nyack Realtor, who works with R2M Realty Inc. in Nyack, just finished her first novel, “Awakening” the Bloodline Series, Book 1. It’s a fictional story about a subject that is far removed from real…
Read MorePEARL RIVER—The Board of Directors of the Rockland Economic Development Corporation has appointed Jeremy L. Schulman as its new President and CEO. Schulman has more than 20 years experience in municipal government and comes to his new post after serving as economic development manager for the City of New Rochelle for more than a decade.…
Read MoreMany business organizations—including the Hudson Gateway Association of Realtors (HGAR) and the Business Council of Westchester—have come out in strong opposition to the U.S. Coast Guard’s consideration of regulations that would allow the establishment of new anchorage grounds in the Hudson River. Under the proposal, 10 additional anchorages with space for up to 43 vessels…
Read MoreWith the presidential election over we can now, hopefully, move on to the business of governing. The election brings a new administration and new priorities. For the housing industry it is important that we pass several pieces of legislation and be watchful of others. It is particularly imperative that we extend two critical housing tax…
Read MoreBRIARCLIFF MANOR - Sarah Hughes, of William Raveis Legends Realty in Briarcliff Manor, has been installed as the 2017 President of the Women’s Council of Realtors (WCR) for the Empire Westchester Chapter. The Installation and Holiday celebration was held on Nov. 17 at The Briarcliff Manor in Briarcliff, with more than 100 people attending. Hughes, who…
Read MoreALBANY—Home sales in October posted strong gains both in New York State and nationally. The New York State Association of Realtors reported on Nov. 22 that home sales in the Empire State reached the second highest October monthly total on record. Home sales in the Empire State dipped slightly from one year ago, but still…
Read MoreWHITE PLAINS—While business groups have praised Westchester County Executive Robert Astorino’s recent public-private partnership (P3) proposal at Westchester County Airport, the county executive’s proposed $1.8-billion budget is predicated on the Westchester County Board of Legislators approving the plan before the end of this year. In fact, the Board of Legislators has until Dec. 27 to…
Read MoreTOWN OF WALLKILL—While Stewart Airport has made headlines with the recent revelation that Brooklyn Brewery may be building an $80-million facility at the airport grounds in New Windsor, several other major developments at the airport operated by the Port Authority of New York and New Jersey could be in the offing as well. At a…
Read MoreWASHINGTON—While real estate mogul Donald Trump was anything but predictable during his campaign for the White House, his upset victory over former Secretary of State Hillary Clinton will no doubt bring changes to the financial and housing markets in both the short and long-term. Although some of President-elect Trump’s policies are still unclear, real estate…
Read MoreFISHKILL, NY—At a press conference at the warehouse facilities of Gap Inc. here, Gov. Andrew Cuomo announced on Nov. 16th that the retailer has opened its Fishkill distribution center in a new “pop-up” facility allowing more than 1,200 employees to return to work following the devastating fire that destroyed a company warehouse in August. Currently,…
Read MoreGOSHEN, NY– Orange County Executive Steven M. Neuhaus joined Chairman of the Legislature Steve Brescia recently at the Orange County Government Center here for a ceremony to place the final steel beam on top of Division Two of the building. A “topping out” ceremony is a construction tradition that signifies that the highest point of…
Read MoreNEW ROCHELLE—Iona College recently announced plans for a new facility for its AACSB-accredited School of Business, a state-of-the-art academic building that will incorporate part of the existing Hagan Hall while more than doubling the space for classrooms, lectures and faculty offices. Architectural renderings and plans for the new building were shared with the campus community,…
Read MoreWHITE PLAINS— Houlihan-Parnes Realtors LLC announced recently the placement of a $600,000 first mortgage on 124 East Post Road, a 5,576-square-foot building at the corner of Court Street and East Post Road in White Plains. The seven-year, non-recourse loan is fixed at 3.75% interest on a 30-year amortization schedule, plus has a five-year option. The…
Read MoreAfter spending more than 30 years in real estate, Gary Leogrande, broker for Keller Williams New York Realty in White Plains, was still quite surprised to be named the 2016 HGAR “Realtor of the Year” at Member Appreciation Day last month. “Sometimes over the years, I’d be sitting in the audience and thinking, ‘well maybe…
Read MoreWHITE PLAINS—Hudson United Mortgage reported the launch of its winter fundraiser called “Give More,” with the goal of raising money for local organizations that prevent hunger. “With the holiday season and winter weather around the corner, we want to help our community in any way possible,” said Daniel Rand, director of home services for Hudson…
Read MoreOn Oct. 27 the U.S. Department of Housing and Urban Development proposed new elevation standards to be known as a “resilience standard” for all HUD-supported properties. These higher elevation standards specifically pertain to properties seeking HUD assistance or Federal Housing Administration (FHA) mortgage insurance. The proposed rule from HUD would mandate that properties considered to…
Read MoreThe foundation of my installation speech when I accepted the position as your President for 2016 was, in part, to address the widespread resistance to change among our members. I acknowledged the fundamental desire of all individuals, no matter what profession, to avoid what is unfamiliar and continue with what is most comfortable. I truly…
Read MoreNEW WINDSOR, NY—The Port Authority of New York & New Jersey Board of Directors tabled a plan that would have Brooklyn Brewery invest at least $80 million on a new 250,000-square-foot facility on vacant land at the industrial park at Stewart International Airport Industrial Park. The PA Board on Nov. 17th tabled the proposal that…
Read MoreMany moons ago, when a then young James Carville was an aide working on Bill Clinton’s campaign for president, he uttered the famous line “It’s the economy, stupid” and made a sign with that slogan that he pinned to the campaign headquarters wall to keep everyone on message. The line still resonates today. Elections can…
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