Daily business news in the Great State of New York!
Governor Kathy Hochul announced that Conifer Realty, LLC has been selected to transform the former Downstate Correctional Facility located in Fishkill, Dutchess County, into a vibrant, mixed-use development that would feature new housing and community space. The multi-phase project will create up to 200 construction jobs and up to 1,300 units of housing over ten […]
HARRISON, NY — The NRP Group, a vertically integrated, developer, builder, and manager of multifamily housing, in partnership with local owner-operator RPW Group, has kicked off groundbreaking of a 200-unit luxury multifamily development in Harrison, NY. The project includes a mix of studio, one- and two-bedroom residences and offers a unique assortment of in-demand amenities […]
NEW YORK — Acre NY Realty, a New York-based real estate company, has begun the official launch of sales for Athena LIC at 27-20 42nd Rd in Long Island City. Athena LIC is exclusively represented by Acre NY Realty and designed by the renowned architect Ismael Leyva. Athena LIC Interior This 9-story building features 51 units, […]
WHITE PLAINS — April’s closed sales of single-family homes experienced double-digit increases in Rockland and Westchester counties, at 33.3% and 22.7%, respectively. Orange County’s sales increased by 3.9% in April. The median sales price for single-family homes also grew significantly in all areas except the Bronx, which saw a slight decline of just 0.7%. As […]
Migdale Castle, located in the Village of Millbrook, NY in the Catskills, is set to hit the auction block this month via Sotheby’s Concierge Auctions in cooperation with co listing agent Heather Croner of Heather Croner Real Estate Sotheby’s International Realty. The auction serves as an opportunity to acquire one of the Hudson Valley’s most iconic […]
ALBANY – Once again, housing inventory across New York State fell to another record low in March, according to the housing report released by the New York State Association of REALTORS. Inventory of homes across the Empire State fell 14.7 percent in March – from 28,060 units in 2023 to a record-setting low of only […]
WHITE PLAINS — Demand for all types of housing remains high in the lower Hudson Valley. Single-family home sales in March continued to decline, with the Bronx experiencing the largest decrease of almost 30%, followed closely by Orange County with a 28.8% drop from this time last year. All other areas experienced double-digit declines in […]
NEW YORK — Fetner Properties announces the completion of a sale of the remaining interest in two buildings where Empire State Realty Trust purchased the majority interest in December of 2021. The buildings, The Victory at 10th Avenue and 41st Street, and 345 East 94th Street have been fully sold. Proceeds will be used for a greater […]
Terreno Realty Corporation, owner and operator of industrial real estate in six major coastal U.S. markets, has acquired an industrial property located in East Williamsburg in Brooklyn for a purchase price of approximately $12.0 million. The property consists of one industrial distribution building containing approximately 24,000 square feet on 0.7 acres. The property is at […]
ALBANY – For the first time in 30 months, home sales increased in New York in February, while inventory dropped yet again to its lowest point in recorded history, according to the housing report released by the New York State Association of REALTORS. Inventory of homes dropped 16.8 percent from 28,170 homes available in February […]
NEW YORK — HELP ONE Buildings A and B officially opened in East New York at a ribbon-cutting ceremony attended by government officials, community representatives, and building residents, among others. The $129 million development reflects New York City’s and New York State’s commitment to expanding access to safe, affordable housing, especially for the most vulnerable […]
NEW YORK — Real estate developer Soloviev Group has signed a 23,033 square foot lease on the 45th floor by private equity firm Tikehau Capital in 9 West 57th Street, the iconic 50-story structure designed by Skidmore, Owings & Merrill (SOM). This long-term lease marks a major milestone for Stefan Soloviev, chairman of the Soloviev Group, […]
NEW YORK — Coldwell Banker Warburg, which specializes in New York luxury real estate, has announced broker Kathy Kaye and agent Lorraine Baker have joined the firm. Kaye (photo above) joins with a legendary track record of property sales, amassing more than $200 million in her career, while Baker also brings over $200 million in career sales to the company. “Lorraine is […]
ALBANY – Low housing inventory continued to slow the New York housing market and with interest rates still fluctuating near 6.5 percent, 2024 began much the same as 2023 ended in the Empire State, according to the housing report released by the New York State Association of REALTORS. Interest rates moved marginally from December 2023 […]
Here are home prices by county in New York for January 2024. Data provided by the NYS Association of Realtors, Greater Capital Region Association of Realtors and OneKeyMLS. New York county (Manhattan) is not included.