Latest news (Page 56)

Yonkers IDA Grants Preliminary Approval of Incentives for $458-Million Teutonia Hall Project
Two 41-story luxury towers anchor the mixed use residential complex, with 906 apartments, 91 affordable apartments, and active street level commercial use space on Buena Vista Ave.

MGM Resorts Takes the Wraps Off of Empire City Expansion if Granted Full Casino License
MGM plans to transition Yonkers' Empire City Casino into a world-class entertainment destination, with a full-scale casino, 5,000-seat entertainment venue, and sportsbook operation, all supported by thousands of union jobs.

Howard Hanna | Rand Realty Announces Leadership Changes
Veteran JP Endres will open Howard Hanna | Rand Realty's new Scarsdale office, and Jeanne Shields will become the New City branch manager while continuing to foster growth in Clarkstown and Rockland.

U.S. Pending Home Sales Fell to Record Low in October
Pending home sales dropped 1.5% in October, the lowest level since NAR started tracking pending sales more than 20 years ago. But a turnaround could be sight.

Gov. Hochul Requests Major Federal Disaster Declaration for Damage in NYC Region Caused by September Torrential Rains
Federal Assistance would enable New York, Long Island and the Mid-Hudson Region's communities and small businesses to deal with the fallout from flooding, debris and damage from six inches of rain in 24 hours.

Report: The South Bronx Posts Impressive Economic Growth Despite Pandemic Challenges
Public-private investment kept mom-and-pop stores open, provided safe and quality housing for residents, and decreased historic poverty levels — and boosted jobs and businesses by 25% and 20%, respectively.

FHFA Raises Conforming Loan Limit Values for 2024
New one-unit CLL values in the Bronx, Manhattan, Westchester, Rockland and Putnam counties will be $1,149,825.

Realtor.com 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround
Lower mortgage rates and easing prices will spark an affordability turnaround, but tight inventory will make renting a competitive option in most markets.

Westchester LDC, IDA Boards Approve Financing Deals For New York Blood Center, Senior Housing Projects
The former Avon Headquarters will be redeveloped into a new $108 million facility for the New York Blood Center and Crescent Manor Ossining, a new $44.5 million affordable housing project.

U.S. Existing-Home Sales Fell 4.1% in October
Existing home sales fell year over year all over the United States, down 14.6% to a seasonally adjusted rate of 3.79 million completed transactions that include single-family homes, townhomes, condominiums and co-ops.

Eight Questions for NAR Interim CEO Nykia Wright
Wright takes the helm of NAR November 27 as interim CEO and doesn't shy away from a challenge. What can NAR members and staff as she steps into the role?

New York City Unveils $42-Billion Kips Bay Health Care Hub Project Master Plan
First-of-its-kind life sciences career and education hub revealed as part of the SPARC Kips Bay Master Plan, with a new economic impact analysis with the potential to create 15,000 jobs.