BRI officials stated that while the new increases prevent another destructive rent freeze, they once again fall short of what is required to keep up with rising costs.
A total of $789 million in funding is being directed to six projects in New York City ($603 million) and three projects in the Mid-Hudson region ($186 million).
Since opening in October 2006, Empire City Casino has generated more than $5 billion for New York State education.
For 25 years, Real Estate In-Depth has covered the region’s home sales market. For example, the newspaper reported in 2002 the Westchester average single-family home price broke the $500,000 barrier for the first time. Five years later, the housing market saw home sales decline 13%, a precursor to the recession that followed.
“We are thrilled to be opening our first office in Columbia County and expanding our reach in the Hudson Valley,” said Liz Nunan, President and CEO of Houlihan Lawrence.
The property was originally developed at a reported cost of approximately $250 million and was one of the first new major multifamily projects to be built in White Plains in some time.
Sears says he is committed to NAR’s work to advocate for the real estate industry. He has played a critical role in driving member advocacy efforts through RPAC.
NAR expects to appeal the case to the court of appeals if the federal judge in Missouri does not grant NAR’s motions.
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