Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant.
Genting Malaysia announced components of the bond sale deal on Aug. 15.
The Westchester Industrial Portfolio is situated in infill locations and are strategically located properties that benefit from significant barriers to entry, limited new supply and connectivity to major New York transportation infrastructure.
As interest rates begin to ease and market participants adjust expectations, conditions for a healthier, more balanced market may gradually emerge.
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In terms of setbacks, Boone noted that the project offers setbacks that are anywhere between 650% to 2,000% greater than the setback requirements by the town.
The expiration of federal vouchers and the city’s transition to state and local replacements make this a pivotal moment for housing policy.
HGAR’s Hawkins-Syska told the gathering that the raising of the SALT Cap to $40,000 “is a big win for our communities.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
Market dynamics continue to reflect high competition at the entry level and slower movement in the luxury tier.
The One Big Beautiful Bill Act includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy.
The median price of a single-family home in Westchester rose to $999,000 in May, up 2% from a year ago, underscoring just how resilient demand remains.
There are some exciting opportunities and we are seeing these projects come across our desks in a way that we have never seen before. So, we are getting the at-bats and we are taking a swing.
On June 12, the Zoning Board of Appeals rejected an application for a height variance on the project by a 4-0 vote.
Part of the delay in recovery is because the Federal Reserve has changed its outlook and appears to be on pause for a longer period.
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