NEWBURGH—The City of Newburgh is seeking development proposals for three city-owned properties located in the heart of the Newburgh’s East End Historic District. The city announced on March 17 that the first proposal calls for the rehabilitation of 120 Grand St., formerly known as the “City Club” building. A second proposal seeks the restoration of…
Read MoreWHITE PLAINS—The New York State Homes and Community Renewal, MDG Design + Construction LLC, Smith & Henzy Advisory Group, Inc., and partners announced on March 29 the start of a $35.8-million rehabilitation of Kingsley House, a 164-unit affordable, Mitchell-Lama housing development for seniors in White Plains. The project will preserve affordability for residents while modernizing…
Read MoreWHITE PLAINS—New York federal representatives and Westchester County Executive George Latimer staged a press conference on March 25th at the home of a White Plains resident to push for the repeal of the controversial SALT (State and Local Tax) deduction cap. U.S. Rep. Mondaire Jones (NY-17), U.S. Rep. Tom Suozzi (NY-03), U.S. Rep. Jamaal Bowman…
Read MoreWHITE PLAINS—A bill that would amend existing county law relating to the sale of cooperative housing to now require cooperative boards of directors to disclose the reason for denial of a prospective purchaser was officially introduced for consideration by the Westchester County Board of Legislators on Monday, March 22. The pending bill, which now goes…
Read MoreNYACK—Corcoran Group, LLC announced on March 23 the launch of its newest affiliate, Corcoran Baer & McIntosh, based in Nyack. The announcement was made via virtual appearance by Pamela Liebman, president and CEO of The Corcoran Group. This is the second Corcoran affiliate to launch since the start of the year—just weeks after the one-year…
Read MoreWASHINGTON—Existing-home sales declined in February, following two prior months of gains, reported the National Association of Realtors on March 22. Month-over-month, only one major region saw an increase in February, but all four U.S. regions recorded year-over-year gains. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.6% from January…
Read MoreSLEEPY HOLLOW—The Edge-on-Hudson, a mixed-use, transit-oriented community under development in Sleepy Hollow was honored in March with the Gold Award for 2021 MultiFamily Community of the Year at the National Association of Home Builder’s The Nationals awards program. Additionally, Edge-on-Hudson earned Gold Awards for Best Video and Best MultiFamily Model Home for The Carroll by…
Read MoreWASHINGTON—The popularity of multigenerational homes increased over the last year, as a rising number of homebuyers purchased larger residences compared to prior years, including millennials who continue to make up the largest share of homebuyers at 37%, the National Association of Realtors reported on March 16. The finding is one of a number of trends…
Read MoreCharlie Oppler took over as president of the National Association of Realtors at a pivotal time for the national organization and for the nation’s real estate industry as well. With the advent of COVID vaccines and mass distribution now underway, the 1.4 million NAR members and the nation are beginning to adjust to what will…
Read MoreNEW YORK—As a result of a year-long probe, the Housing Rights Initiative, The Legal Aid Society and the Washington, D.C.-based law firm Handley Farah & Anderson filed a federal lawsuit today against a total of 88 landlords, real estate managers and brokers for illegally discriminating against low-income tenants with Housing Choice vouchers in New York…
Read MoreCHAPPAQUA—Grand Lux Realty announced on March 12 that it had opened its new office in Chappaqua at 101 King St. “We established our Armonk office back in 2006,” said Michael Levy, founder and principal broker, Grand Lux Realty. “This move is bittersweet, but we are not saying goodbye to Armonk or our long-time clients. While…
Read MoreALBANY—The employment numbers for 2020 released by the New York State Department of Labor for the Hudson Valley region on March 11 were not surprising in the least, with leisure and hospitality leading the way with job losses during the 12-month period, exacerbated by the coronavirus pandemic, that exceeded 22,000 jobs. However, job numbers released…
Read MoreNEW WINDSOR—Orange County’s premier wedding, catering and event venue Anthony’s Pier 9 in New Windsor is in contract to be sold to an entity that plans to convert the 70,000-square-foot facility into a motion picture production studio. The pending sale with the unidentified buyer was announced by The Bonura Hospitality Group, which stated it expects…
Read MoreWASHINGTON—The Fannie Mae Home Purchase Sentiment Index decreased in February by 1.2 points to 76.5. Four of the HPSI’s six components fell month over month, including most notably homebuying conditions and household income components. Offsetting much of that decline, however, was increased optimism regarding job security, with consumers reporting a significantly more positive view of…
Read MoreA Give-Back Journey At this point in her life, Jeanne Shields is taking a little breather from her many, many philanthropic activities, including serving as a Trustee and fundraising volunteer for the Hudson Gateway Realtor Foundation. The Associate Broker with Howard Hanna | Rand Realty’s Nyack office has a very good reason for her much-needed…
Read MoreNEW YORK—U.S. Senator Charles Schumer announced on March 7 at a briefing at his New York City offices, that the “American Rescue Plan that passed the U.S. Senate would have an impact on New York State that approaches $100 billion. As part of the deal, more than $23.8 billion flows directly to New York State…
Read MoreWHITE PLAINS—The New York State Association of Realtors has issued a “Call to Action” to Realtors to send a message to Westchester County legislators and Westchester County Executive George Latimer urging their support for the Westchester County Legislature to pass a new law requiring co-op boards to provide a reason in writing for application denials.…
Read MoreFamed American Bandstand host Dick Clark once clarified his multi-decade influence over the music industry. “I don’t set trends,” he offered, “I just find out what they are and exploit them.” Much the same can be said of Westchester County, where the area’s changing real estate landscape is more a reflection of emerging national and…
Read MoreWHITE PLAINS—A mixed-use project that has been on the drawing boards for more than five years, secured a key approval yesterday from the White Plains Common Council that could put final approvals finally within reach for the property owner. The White Plains Common Council unanimously voted on Monday evening to accept the environmental findings, zoning…
Read MoreALBANY—New York Gov. Andrew Cuomo announced on Feb. 25 that the state will launch a program to deploy undercover fair housing testers in New York City, Long Island, Westchester County and the Central New York and Western New York regions to possibly uncover housing discrimination practices by sellers, brokers and landlords. The state is currently…
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