Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
Elected officials, seeking to appease vocal constituents, frequently uphold restrictive zoning laws that favor single-family residences over more diverse housing options.
In 2023, the Rockland County Office of Consumer Protection investigated 617 complaints and returned $66,000 to homeowners.
YONKERS—Empire City Casino by MGM Resorts in Yonkers has announced the addition of more than 1,000 new state-of-the-art games to its gaming floor, the sixth largest casino floor in the country and the largest in the MGM Resorts portfolio.
Casino officials state that the upgrade delivers a new experience for guests offering the most recently released titles in gaming, and replaces almost 20% of the nearly 5,000 slots and electronic table games.
“If you think the casino floor looks different, you are right,” said Ryan Munroe, Executive Director of Slot Operations for Empire City Casino. “In my 15 years working at Empire City, I can’t remember a time when we’ve had so many new games hit the gaming floor over a relatively short time period. MGM Resorts continues to make the necessary investments to ensure a top-tier experience for our guests.”
In his current role, Munroe has been actively engaged in MGM Resorts’ preparations to compete for one of the three commercial casino licenses currently available in New York. A commercial casino license will allow Empire City to transition from a limited lottery facility offering video lottery terminals and electronic table games, to offering live-dealer table games, retail sports betting, Vegas-style slots, new and elevated amenities, and world-class entertainment options.
Boasting a vacancy rate in the low 4% and uninterrupted positive trends in rental rates, fundamentals for Westchester multifamily are strong.
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.
The Orange County Partnership attends the SEMI Industry Strategy Symposium in Half Moon Bay, CA to promote Orange County as "the bridge" between New York City and Albany, and a shovel-ready market with sites ready for major semiconductor manufacturing investment.
Leasing activity totaling 6.38 million square feet in the fourth quarter was 20% ahead of the five-year quarterly average of 5.34 million square feet.
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