News

Craft Brewing Industry’s Growth Continues in Hudson Valley

April 19, 2018

MIDDLETOWN—The craft brewing industry in the Hudson Valley and New York State for that matter has become a true economic engine. From what was a small niche sector six years ago, New York State and the Hudson Valley have seen exponential growth from this burgeoning sector. In March, Gov. Andrew Cuomo stated the number of…

Read More

Realtors Commemorate 50th Anniversary of Fair Housing Act

April 19, 2018

WASHINGTON—The National Association of Realtors is joining its 1.3 million members across the country to commemorate the 50th anniversary of the Fair Housing Act and further advocate for inclusion and diversity in the nation’s communities. NAR is also recognizing April as Fair Housing Month, with education and events for members and state and local Realtor…

Read More

Key Takeaways From HV Visionaries Conference

April 19, 2018

POUGHKEEPSIE—The recent “Hudson Valley Visionaries: A Look into the Future of Commercial Real Estate” conference covered a gamut of groundbreaking topics and interesting and salient viewpoints from the expert panel. The following are some further comments/issues raised by the real estate “visionaries.” Developer Robert Weisz discussed some interesting trends in terms of tenant requirements, including…

Read More

Hudson United Approved as Mortgage Banker in New York

April 9, 2018

NANUET—Hudson United Mortgage recently announced that it has been approved as a mortgage banker in New York. The new license will allow Hudson United to operate as a correspondent lender in its own name, control more of the process, and bring on additional investors with niche products. “This is a tremendous achievement and opens an…

Read More

Urstadt Biddle Acquires Tanglewood Shopping Center in Yonkers

April 4, 2018

YONKERS—Urstadt Biddle Properties Inc. has acquired the Tanglewood Shopping Center complex on Central Park Avenue here. The Greenwich, CT-based equity REIT acquired the complex from a group of families that were descendants from the original developer of the property, according to James M. Aries, senior vice president, director of acquisitions for Urstadt Biddle. No financial…

Read More

‘Elvis’ to Rock the House at ‘Viva Las Vegas’ Event on May 8

April 3, 2018

NEW ROCHELLE—In a few weeks, “Elvis” will grace the stage at Glen Island Harbour Club in New Rochelle when the Hudson Gateway Realtor Foundation presents “Viva Las Vegas,” Tuesday, May 8 from 6 p.m. to 10 p.m. The fundraiser will support charities and non-profit organizations throughout the Hudson Valley and will feature “Elvis” tribute artist…

Read More

Latimer Administration, Legislators Reviewing Privatization Deals

March 29, 2018

TARRYTOWN—While not saying that he intends to scrap any of the public-private partnerships between the county and vendors for the management of Rye Playland and Westchester County Airport, Westchester County Executive George Latimer told a business group gathering recently that both deals are being reviewed by his administration. Latimer, in a speech before trades groups…

Read More

New York City’s Chelsea Market Trades for $2.4 Billion

March 21, 2018

NEW YORK—Goggle Inc., a major tenant at the property, has acquired the Chelsea Market here from Atlanta-based Jamestown for $2.4 billion. Jamestown announced the closing of the transaction for the nearly 1.2 million square-foot complex on Tuesday. The former Nabisco factory occupies a full block bound by Ninth and Tenth avenues between 15th and 16th…

Read More

Lack of Inventory Continues to Dog U.S. and New York State Housing Markets

March 21, 2018

WASHINGTON—Chief officials with the National Association of Realtors and the New York State Association of Realtors continue to point to low inventory levels as a continuing headwind for the residential sales market. The National Association of Realtors released home sales statistics for the month of February that showed a 3% sales volume increase nationally, however,…

Read More

UBS Settles NY Mortgage Securities Case for $230 Million

March 21, 2018

NEW YORK—New York State Attorney General Eric T. Schneiderman announced today (March 21) a $230-million settlement with UBS in connection with its packaging, marketing and issuance of residential mortgage-backed securities to investors prior to the housing crisis in 2006. The settlement includes $189 million worth of consumer relief for New York homeowners and communities and…

Read More

Health Care, Biotech Sectors Are Fueling Economic, Job Growth in Hudson Valley

March 16, 2018

WHITE PLAINS—The health care industry and the burgeoning biotech sector are expected to be growth industries for the Hudson Valley region in the coming years. Despite and perhaps because of the volatility in both sectors, billions of dollars in capital investment have been initiated by health care and biotech concerns throughout the region in the…

Read More

Advanced Imaging Technology Unveiled at Good Samaritan

March 16, 2018

SUFFERN—Good Samaritan Hospital, a member of the Westchester Medical Center Health Network, announced recently the launch of a new 3D imaging platform, enabling a major step forward in image-guided therapy. Good Samaritan Hospital is the only hospital in the region with this game-changing equipment, hospital officials stated. “This new platform allows doctors the ability to…

Read More

$92M Hospital Transformation Secures Key State Approval

March 16, 2018

KINGSTON—HealthAlliance of the Hudson Valley, a member of the Westchester Medical Center Health Network (WMCHealth), announced on March 8 it had received contingency approval from the New York State Department of Health for a transformative $92-million expansion and enhancement of HealthAlliance Hospital: Mary’s Avenue campus here. The reimagined HealthAlliance Hospital will have a new, four-story…

Read More

Developer Takes Advantage of Changing Health Care Industry in NY Metro Region

March 16, 2018

NEW YORK—If there is one real estate development firm that definitely saw the opportunities the health care sector could provide earlier than most, it had to be Simone Development. The Bronx-based real estate investment company has developed high-profile residential and commercial properties in the Tri-State region. The firm, headed by President Joseph Simone, has a…

Read More

Consolidating an Industry to Improve Patient Health, Provider Performance

March 16, 2018

The traditional hospital, both in physical structure and scope of services, is not what it once was, as market pressures and reform measures are transforming these institutions into non-centralized points of care. While the most severely ill will always need the high-tech services found in an acute care hospital setting, and indeed, these patients will…

Read More

The Rockland Business Association—50 Years of Advocacy and Counting

March 16, 2018

PEARL RIVER—The Rockland Business Association, an advocate for the business community in Rockland County, is entering its second half-century advocating for the interests of the business community and the growth of the Rockland County economy. The RBA was founded in August 31, 1967 as the Rockland County Association (RCA), by a group of 40 local…

Read More

Orange County Clerk’s Office Begins Return to Government Center Complex

March 16, 2018

GOSHEN—The Orange County Clerk’s Office began its move from 4 Glenmere Cove Road in Goshen to the recently operational Orange County Government Center complex at 255 Main St. on March 5th. “We look forward to being back in the Government Center where County residents can find many services in one location,” County Clerk Annie Rabbitt…

Read More

Key State Approval Secured for $40M Hospital Project in Port Jervis

March 15, 2018

PORT JERVIS—The New York State Department of Health has approved a Certificate of Need for a more than $40-million project at the Bon Secours Community Hospital here. Bon Secours parent Westchester Medical Center Health Network announced the state Department of Health approval on Wednesday. The new project at the border of Orange County and Pennsylvania…

Read More