WHITE PLAINS—Westchester residential brokerage executives and industry analysts responding to multiple trade press reports of a troubled Westchester housing market caused by the impacts of the cap on state and local taxes, hit back saying demand is still high and prices are rising. Relying on the second quarter home sales market statistics released by the…
Read MoreWAWAYNADA, NY—The decision by the New York State Department of Environmental Conservation last week to deny a critical air quality permit had all but shut down operations at the fledgling and controversial CPV Valley Energy Center here until a state judge a day later allowed the plant to continue operations, at least for now. Knowledgeable…
Read MoreWASHINGTON—Amidst staggeringly low inventory levels in much of the country during the second quarter, existing-homes sales cooled and home prices maintained their robust level of appreciation, according to the latest quarterly report by the National Association of Realtors released on Aug. 8. Last quarter, the San Francisco metro area joined the San Jose metro area…
Read MoreNEW ROCHELLE—Iona College celebrated the official groundbreaking of its new business school building on July 27 with a ceremony that included alumnus and Board of Trustees member Robert V. LaPenta '67, '00H, officials from Iona College and the City of New Rochelle, and members of the local community. Remarks were delivered by LaPenta, Iona School…
Read MoreWHITE PLAINS—Westchester County Executive George Latimer has named White Plains resident Saad Siddiqui, Esq., as Fair Housing Director of the County’s Human Rights Commission. Westchester County Fair Housing Law outlaws discrimination of any kind during a prospective home seeker’s search for housing. Discrimination includes actions from advertisers, appraisers, bankers, real estate offices, brokers and home…
Read MoreNEW YORK—Among a total of 123 Toys ‘R’ Us and Babies ‘R’ Us owned and leased stores slated for auction later this month are three store locations in the Hudson Valley. The shuttered locations on the block are in Nanuet, Poughkeepsie and Yonkers. The only other New York State location available at the auction is…
Read MoreRYE BROOK—The mystery of who the new owner of the Reckson Executive Park here has been solved—it is New York City-based George Comfort & Sons, Inc. The suspense over the new ownership began last April when then owner SL Green Realty announced it had entered into a contract to sell the six-building, 563,596-square-foot office complex.…
Read MoreYONKERS—The Yonkers Industrial Development Agency on July 26 announced it had approved financial incentives for the rehabilitation of a seven-story apartment building at 70 Ashburton Ave. The project, which involves the complete renovation of an existing vacant apartment building, is a transformative development for this corridor of the city that creates new housing opportunities and…
Read MorePEEKSKILL—The revitalization of Downtown Peekskill is moving forward with a host of projects underway. On July 26, Ginsburg Development Companies joined with Peekskill Mayor Andre K. Rainey and Deputy County Executive Ken Jenkins and other city and county officials to celebrate the Grand Opening of GDC’s Gateway Townhomes development. Meanwhile, GDC has commenced construction on…
Read MoreNEW CITY—Rockland County Executive Ed Day on July 27 joined with Shared Services Panel members from towns, villages, school districts and fire districts to unveil the county’s draft Shared Services Initiative Plan. The current draft of the Plan would save the panel members an estimated $9,161,430 in 2019 and $14,393,430 in 2020. These numbers are…
Read MoreWHITE PLAINS—As part of Westchester County Executive George Latimer’s ongoing initiative to keep open lines of communication between the county and local municipalities, Latimer announced on July 26 the launch of the Community Liaison initiative through the Westchester County Department of Planning. The program provides a link between the County Planning Department and local municipalities…
Read MorePHILIPSTOWN—An affiliate of Scenic Hudson has protected a total of 1,178 acres of land in the eastern Hudson Highlands located in Putnam and Dutchess counties. Slopeline, LLC, an affiliate of Scenic Hudson, acquired the land on July 19 for $12 million. Located in the towns of Philipstown, Putnam County, and Fishkill, Dutchess County, the property…
Read MoreRYE BROOK—The continued growth of the health care sector continues in Westchester County. A host of local dignitaries, including Westchester County Executive George Latimer, were on hand on Monday for the ribbon cutting of the new Northeast Medical Group Multispecialty Center here. The ribbon cutting event for the new remodeled 15,000-square-foot outpatient facility at 90…
Read MoreWASHINGTON—The income and sales volume of National Association of Realtors members dropped slightly over the last year, but membership increased as younger members continue to enter the industry, according to the 2018 National Association of Realtors Member Profile released recently. This past year, there was a rise in new members from 1.22 million in March…
Read MoreWHITE PLAINS—While their respective talents and expertise are much different, four staff members—Leon Cameron, Mary Prenon, Emily Jackson and Lisa Andrade—have one thing in common they can each put on their resumes—Author. The four HGAR staff professionals have authored books that showcase their individual talents and passions outside of their roles at HGAR. The publications…
Read MoreWASHINGTON—The National Association of Realtors has commended US Rep. Mike Coffman for his introduction of the 21st Century Internet Act. Rep. Coffman’s bill comes in response to the Federal Communications Commission’s 2017 decision to dismantle net neutrality regulations, with the legislation ensuring that Internet Service Providers, or ISPs, cannot block or throttle online content or…
Read MoreWHITE PLAINS—Continued low for-sale inventory caused home sales to fall and home prices to continue to trend higher in most of the Lower Hudson Valley in the second quarter.Overall home sales fell 5.7% in Westchester, 4.6% in Putnam and 11.3% in Rockland counties in the second quarter, according to the recently released “2018 Second Quarter…
Read MoreWASHINGTON—Nearly one-fifth of Realtors practicing in commercial real estate closed a sale with an international client in 2017, and 35% said they have experienced an increase in the number of international clients in the past five years, according to a report released recently by the National Association of Realtors. NAR’s 2018 Commercial Real Estate International…
Read MoreGOSHEN—The Orange County Partnership reported recently that Lindsay Newler has joined the economic development organization as the Director of Business Attraction and Kaitlynn Perez is now serving as its Economic Development Specialist. Newler graduated from Indiana University with a major in Telecommunications and concentrations in industry and management and media and society. Later, she embarked…
Read MoreTARRYTOWN—Approximately 150 Realtors and affiliated real estate professionals gathered at the DoubleTree Hotel in Tarrytown on July 12 to celebrate the 50th anniversary of the Fair Housing Act and to hear housing advocates press the point that while significant progress has been made, much work needs to be done to ensure fair housing for all.…
Read More