News

In Memoriam: Longtime Realtor Michael Schmelzer Passes Away at 83
Schmelzer was born on April 11, 1940, and was the founder of Tryax Realty Management Inc. of the Bronx.

Survey: While CEOs are Optimistic About Some Sectors, Confidence Index Ranks Among Lowest Ever
CEOs surveyed by the Siena College Research Institute also are wary of current adverse economic conditions, government regulation, rising supplier costs, healthcare costs and taxation.

New $455M Belmont Park Project to be Completed in 2026
The multi-year project to build a new Belmont Park will generate $1 billion in construction-related economic impact and create 3,700 construction-related jobs.

Realtor.com Report: Early Indications Show a Promising Spring Real Estate Season
The New York-Newark-Jersey City, NY, NJ-PA market posted a median listing price in February of $750,000 up 10.2% year-over-year.

Local Broker Also Doubles as a ‘Big Brother’
Last year, Maymi reached out to BBBS and within a short time, he was introduced to his “little brother,” Jaylon, who is 10 years old.

First Phase of $1-Billion Stevenson Square Affordable Housing Complex in the Bronx Breaks Ground
Stevenson Square is a master-planned development on underutilized land attached to Stevenson Commons, a 948-unit HPD Mitchell Lama complex.

Orange County Advanced Manufacturing Project Secures NY State Shovel-Ready Grant
The development will feature multiple buildings in a variety of sizes tailored for advanced manufacturing uses.

NAR: Pending Home Sales in Northeast Rose Slightly in January
The Northeast PHSI increased 0.8% from last month to 63.6, a decline of 5.5% from January 2023.

Northwell Health to Expand Hudson Valley Presence with Nuvance Health Deal
If the agreement is finalized, it will combine the strengths of both organizations and advance the level of care for patients in New York and Connecticut.

Westchester Launches $100-Million Fund to Help Finance ‘Shovel-Ready’ Affordable Housing Projects
Established last year, the Housing Fund Flex Program is made possible by a $100-million contribution of American Rescue Plan Act (ARPA) funds over two years.

Living Healthy in a Hectic Industry
According to the Centers for Disease Control, every year more than 805,000 people in the U.S. suffer a heart attack, and in 2021 alone, some 695,000 died from heart attacks.

Limited Supply Fuels Price Growth in the Greater NYC Metro Area; Pending Home Sales Higher Throughout Region
As the spring selling season approaches, the region’s home sales sector is bolstered by a noticeable increase in pending sales throughout the region.