WHITE PLAINS—The Westchester Local Development Corporation has approved $36.4 million in low-cost financing for Purchase College-SUNY to construct a new residence hall on its campus. The financing approved at the LDC’s Oct. 19th meeting will be used build a four-story, 80,000-square-foot residence hall, consisting of 300 beds in a suite-style configuration with student common areas…
Read MoreCARMEL—The Putnam County Visitors Bureau went live in September with a re-launched and much improved website at visitputnam.org that features a host of new tools for visitors to take advantage of to plug into the many destinations and events taking place year-round in Putnam County. Bruce Conklin, executive director of the Putnam County Visitors Bureau,…
Read MoreCARMEL—Putnam Hospital Center recently broken ground on a major capital project—the expansion and refurbishment of its emergency department. The project, which will take about two years to complete, was necessary due to the increased patient load at the emergency room. Putnam Hospital Center President Peter Kelly, in an interview with Real Estate In-Depth, said that…
Read MoreNEW YORK—The New York City Council approved the massive Bronx Point project along the Harlem River waterfront in the South Bronx on Oct. 17th that will be led by a Larchmont-based developer, which will bring approximately 1,000 new housing units to the area as well as a new school and hip-hop museum. City officials announced…
Read MoreUpdates on Tilly Foster, Envision Brewster and How Sewer, Water Projects Could Foster Growth CARMEL—Prior to MaryEllen Odell taking office in November 2011, the economic development efforts in Putnam County were to put it politely outdated and were in fact close to non-existent. Since taking office Odell has made business attraction and retention, as well…
Read MoreSPRING VALLEY—Rockland County-based investment firm Concord Capital NY reported on Oct. 16th that it is seeking approvals to build a $175-million transit oriented development in Downtown Spring Valley. The project, which the firm states will be modeled after successful redevelopment initiatives in Downtown Yonkers, New Rochelle and in TOD-oriented locations on Long Island, calls for…
Read MoreMAHOPAC—Putnam County Executive MaryEllen Odell presented the $155.3-million proposed 2018 county budget to the Putnam County Legislature at the Putnam County Golf Course on Oct. 6. The proposed budget, which is within the New York State imposed tax cap, calls for a net increase of $2.3 million over the 2017 adopted budget, which reflects a…
Read MoreIn place of its annual conference in Austin, TX this year, Keller Williams reached out to its agents across the nation to volunteer to help their fellow Keller Williams agents and local families affected by the ravaging floods from Hurricane Harvey. In late August, the Category 4 hurricane ripped through the southern Texas coast with…
Read MoreWHITE PLAINS—While the contest was nowhere near an all out brawl, Republican incumbent Westchester County Executive Robert Astorino and Democratic challenger New York State Senator George Latimer did take some verbal jabs at one another in a fiery first debate held on Tuesday evening at SL Green Realty’s Reckson Metro Center at 360 Hamilton Ave.…
Read MoreWHITE PLAINS—Real estate sales continued at a brisk pace in the lower Hudson Valley region, albeit at a slightly slower pace as the year has progressed, according to the “Third Quarter Residential Real Estate Report for Westchester, Putnam, Rockland and Orange Counties, New York” released by the Hudson Gateway Multiple Listing Service, Inc. With the…
Read MoreCENTRAL VALLEY—The Hudson Gateway Realtor Foundation, a division of the Hudson Gateway Association of Realtors, raised approximately $27,000 for Make-A-Wish Hudson Valley at its “Black & White Masquerade Ball” held recently at the Falkirk Estate and Country Club in Central Valley. The Sept. 28th event marked the 20th anniversary of the association’s support of the…
Read MoreNEW YORK—More than 400 real estate professionals gathered at the New York Marriott Marquis Hotel here on Oct. 2 to attend a daylong summit that offered the latest trends, opportunities and data points on the global real estate market from more than 25 industry movers and shakers from around the world. The 11th Global Real…
Read MoreALBANY—New York State Comptroller Thomas P. DiNapoli’s recently designated 27 municipalities across the state as fiscally stressed, including Westchester County and a number of municipalities in the Hudson Valley region. The list released on Sept. 27th included eight counties, eight cities and 11 towns, but marks the fewest number of municipalities listed in stress since…
Read MoreYONKERS—Forest City Enterprises is completing two major sale transactions that will for the most part signal its exit from the retail real estate market. Forest City is selling its interest in a host of regional malls and shopping centers, including the highly successful Ridge Hill Shopping Center in Yonkers it opened in 2011. QIC Global…
Read MoreWASHINGTON— The “Big 6” tax reform proposal if enacted, could lead to a tax on homeownership for millions, according to the National Association of Realtors. President Donald Trump and Congressional Republican leadership, dubbed the “Big 6,” released its framework for tax reform on Sept. 27th that calls for changes to the current tax code that…
Read MoreWASHINGTON —Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances. NAR’s…
Read MoreNEW YORK– The Fordham Real Estate Institute at Lincoln Center announced earlier this month it is now accepting applications for its inaugural Master of Science in Real Estate (MSRE) class starting in January 2018. The 36-credit graduate degree, which can be completed in as little as one year, builds on the success of REI’s seven…
Read MoreNEW YORK—As expected, New York City will submit a sweeping proposal to land Amazon’s second headquarters requirement. City officials announced on Sept. 27th that the city has thus far received more than two-dozen proposals for possible locations for Amazon’s second headquarters. Collectively, the proposals total more than 50 million square feet of commercial space across…
Read MoreWHITE PLAINS—Westchester County has entered a contest that promises a huge payout—thousands of high paying, new jobs and billions of dollars in investment. Westchester County Executive Robert Astorino announced on Sept. 26th that the county would be submitting a proposal to Amazon for the e-commerce giant’s second corporate headquarters, a deal that could bring 50,000…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors regrets to inform its membership of the passing of longtime Realtor and real estate executive Robert P. Morini of Carmel, who passed away on Sept. 24th at the age of 63 surrounded by his family. He was the owner of Harvest Country Properties and was a principal broker…
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