Due to stubbornly high mortgage rates, a greater share of international home buyers paid cash—47% compared to 28% among all buyers.
Another important provision in the OBBBA raises the SALT deduction cap from $10,000 to $40,000 for taxpayers earning less than $500,000, effective from 2025 to 2029, before reverting to $10,000 thereafter.
Leasing activity surged this quarter to over 360,000 square feet, a 45% increase from the first quarter of this year, with renewals representing 57% of executed transactions.
The Birch Group, a privately-held commercial real estate investor, owner and operator based in Nanuet, recently announced the hire of Mike Lyberatos as vice president of property management and construction. Lyberatos joins the firm at a period of immense growth and activity, as The Birch Group leased almost 200,000 square-feet to tenants across its portfolio throughout 2021. The announcement follows the company’s major portfolio purchases in Jericho, NY and Short Hills, N.J, and its strategic focus to acquire prime office assets across the tri-state area.
The book launch will kick off with a celebration at the historic Nyack Bath House on Friday, July 11, followed by a multi-city East Coast book tour.
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
He has been honored with the Five Star Real Estate Agent Award for 16 consecutive years.
Each speaker shared valuable perspectives on regional economic development, market dynamics, and strategic growth initiatives across the Hudson Valley.
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