WHITE PLAINS—In the residential development firm’s first entry into the Downtown White Plains market, Ginsburg Development Companies has purchased the 124-unit luxury rental apartment building at 25 Martine Ave. here. The 12-story building, currently known as Halstead White Plains, was purchased by GDC from DSF Group of Boston for $35.25 million. GDC plans to make…
Read MoreGOSHEN—Merlin Entertainments, the developer of the proposed $500-million LEGOLAND New York project here, has taken a bold step to mitigate one of the major issues tied to the project’s approval. The firm announced on Monday plans to relocate and reconfigure Exit 125 of Route 17 to help alleviate traffic on local roads. The multi-million dollar…
Read MoreVALHALLA—In another example of the tremendous economic engine health care is to the Hudson Valley, Royal Philips and Bon Secours Charity Health System, a member of the Westchester Medical Center Health Network here, recently announced a multi-year, strategic partnership agreement valued at $180 million. The agreement will make Philips solutions available to BSCHS in support…
Read MoreGOSHEN—The proposed $500-million LEGOLAND New York resort project has scored a major legal victory with the dismissal of a lawsuit brought by a group of adjacent property owners. New York State Supreme Court Judge Robert A. Onofry dismissed an Article 78 proceeding filed on Dec. 8 by the Concerned Citizens for the Hudson Valley and…
Read MoreWHITE PLAINS—A record crowd of more than 120 real estate professionals were on hand to hear a rather upbeat view of the Hudson Valley commercial real estate market this year at the Hudson Gateway Association of Realtors’ Commercial Investment Division’s Annual Commercial Broker’s Roundtable held at the HGAR offices in White Plains. CID President John…
Read MoreNEW CITY—Reaction has been mixed to the decision by the New York State Public Service Commission earlier this week to decrease the requested water rate hike request by Suez New York, Inc. by nearly $1 million over the next three years. Rockland County Executive Ed Day was highly critical of the PSC decision charging that…
Read MoreWASHINGTON— Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, finished 2016…
Read MoreWASHINGTON—A cut in the FHA annual mortgage insurance premium announced in the final days of the Obama Administration earlier this month, was “suspended indefinitely” in the initial hours of the new Trump Administration. The move was part of a host of executive orders issued by President Donald Trump in his first week in office that…
Read MoreDebts and deficits run by the federal government, despite experiencing declines over the past seven years, have been at record levels for several reasons. The lack of revenue to the government, coupled with high federal spending, has contributed to the problem. We also experienced a financial crisis that crippled our economy for many years. We…
Read MoreALBANY—According to results from a Homeownership Poll conducted by the Siena Research Institute, 84% of New York voters support the NY First Home proposal that would create a tax-free savings account to help New Yorkers save for a first home. Support for the program was bi-partisan and spread across the entire state. Specifically, the NY…
Read MoreWHITE PLAINS—As the new year begins, the Hudson Valley home sales market seems to be running on close to all cylinders with strong sales in Westchester, Rockland, Orange and Putnam counties. All indications are that the region’s economic fundamentals will continue to fuel activity and perhaps spark even higher price appreciation in some markets in…
Read MoreRenee Zurlo to Lead HGMLS for Second Term TARRYTOWN—On Jan. 19, the Hudson Gateway Association of Realtors achieved another significant milestone in its storied 101-year history with the installation of its first black President, veteran Realtor Dorothy Botsoe. The Hudson Gateway Association of Realtors held its annual Installation Gala at Abigail Kirsch at Tappan Hill…
Read MoreRYE BROOK—In a surprise move, Houlihan Lawrence whose roots in Westchester County date back to 1888, has been acquired by Warren Buffet’s Home Services of America, Inc. of Minneapolis, MN. Both parties in the transaction did not release financial terms of the deal that was announced on Tuesday, Jan. 17th. Nancy Seaman, chairman of Houlihan…
Read More2016 ANNUAL AND FOURTH QUARTER REAL ESTATE SALES REPORT Westchester, Putnam, Rockland and Orange Counties, New York WHITE PLAINS—2016 posted the region’s best real estate sales results since the post-recession recovery period that commenced in 2011. Realtors participating in the four-county Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of…
Read MoreCROTON-ON-HUDSON—A.S.A.P. Mortgage Corp. will be celebrating the opening of its fourth Westchester County branch location at 125 Grand St. here with an open house and ribbon cutting celebration on Thursday, February 9th at 11 a.m. “We are excited to be opening our fourth Westchester County branch office and expanding our team of seasoned mortgage professionals,”…
Read MoreNEW YORK—Berkshire Hathaway HomeServices announced on Jan. 9 that it established a beachhead of sorts in New York City, opening its first office in Manhattan at 590 Madison Ave. Company executives also tell Real Estate In-Depth that the firm plans on expanding its operations in Westchester County and elsewhere in 2017. The newly established Berkshire…
Read MoreNEW ROCHELLE—The City of New Rochelle issued a Request for Proposal for the redevelopment of Fire Station #1 at 45 Harrison St. on Jan. 2. The city-owned property is not included in the portfolio of properties in the city’s far reaching Master Development Agreement with RDRXR, a partnership of Renaissance Downtowns and RXR Realty, according…
Read MoreALBANY—New York Gov. Andrew Cuomo confirmed published reports days earlier of a deal to shut down the Indian Point nuclear power plant complex in Buchanan by 2021. On Monday morning (Jan. 9), Gov. Cuomo announced the deal with Indian Point owner and operator Entergy Corp. to shut down the complex 14 years earlier than when…
Read MoreBUCHANAN—The devil will certainly be in the details of the widely reported tentative deal between Gov. Andrew Cuomo and Entergy Corp. to shutter the two nuclear reactors at Indian Point Energy Center here by 2021. The New York Times initially reported the deal between the Cuomo administration and Entergy on Friday that calls for one…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented more than $38,000 in checks to 16 charitable and non-profit organizations throughout the Hudson Valley. “As Realtors, we are so pleased to be able to give back to the local communities where we make our living,” said…
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