Seven Hudson Valley Municipalities Certified as ‘Pro-Housing Communities’ Now Eligible for State Funding
Certified communities include locations in Long Island, the Mid-Hudson, Central New York, Western New York, Mohawk Valley, Southern Tier, North Country, and Capital regions.
Apartment Towers at White Plains Train Station Acquired by Chicago-Based Firm for Reported Price of $195 Million
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.
Carmen Bauman Installed as 2024 HGAR President
“This year you will hear me speak about ‘Stronger Together’ because that is what we are. We are stronger together,” Bauman told the Installation Gala event gathering.
BOMA Panel Says Most Westchester CRE Markets Will Perform Well in 2024 With the Exception of the Office Sector
Of the total 23 million square feet of available office space in the county, approximately 6.0 million square feet is vacant, which calculates to about a 26% countywide office vacancy rate.
HGAR’s Fernandez, Levine Provide Insights on 2024 Market Activity, RE Legal Issues
One promising theory being discussed by some real estate analysts and something Fernandez advised Realtors to watch for in 2024 is a possible “Silver Tsunami” of retiring Baby Boomers who will be putting their homes on the market.
Brokers Predict Strong Activity for Multifamily, Industrial Markets; Troubles to Continue for Office Sector in 2024
Brokers contend that companies will be attracted to Class A-type space, while properties rated at either B or C will have trouble attracting tenants.
Regional Plan Association Says ‘No’ to Route 17 Third Lane
The Regional Plan Association's report claims there is no three-lane requirement for an interstate highway, citing Interstates I-87 and I-84, which have two lanes in each direction for most of their routes.
NYSDOT Updates Public on Progress On Rte. 17-I-86 Conversion/Exit 122 Job
In terms of the “NYS Route 17 Mobility & Access Improvements Project” it appears the first shovel in the ground on this overall possible $1-billion project will be potentially in early 2026.
Federal Reserve Board of NY President Says Central Bank is Committed to 2% Inflation Goal
Williams says uncertain outlook indicates Fed will maintain restrictive policy until inflation reaches 2% on sustained basis.
Gov. Hochul Looks to Again Incentivize Housing Development in Her State of the State Address
The governor is proposing a new version of the 421a tax incentive in New York City to spur housing construction, as well as increased state funding for affordable housing projects.
NYSDOT to Hold Public Hearings on Jan. 17 on Route 17/I-86 Projects; Exit 122 Upgrades
The projects, when completed, will involve approximately $1 billion in upgrades to Route 17 in Orange and Sullivan counties.
Breaking News: NAR President Kasper Resigns Over Blackmail Threat; Sears Takes Over as Association President Immediately
Kasper stated in an announcement that she refused to compromise her position and in fact reported the threat to law enforcement. NAR President-elect Kevin Sears has stepped into the role of NAR President, effective immediately.