News: Brokerage

HGAR hosts Westchester County Executive Rob Astorio at commercial real estate meeting

The Hudson Gateway Association of Realtors (HGAR) recently hosted Westchester County Executive Rob Astorino at its first Commercial & Investment Division (CID) breakfast meeting of the year at the Crowne Plaza Hotel in White Plains. Astorino discussed the county's economic development plans, and answered realtors' questions about taxes, affordable housing, the Tappan Zee Bridge, Playland and more. The Hudson Gateway Association of REALTORS® (HGAR) is a not-for-profit trade association covering over 9,500 real estate professionals doing business in Westchester, Putnam, Rockland, and Orange counties. The Hudson Gateway Multiple Listing Service (HGMLS), owned by HGAR, offers some 24,000 properties in the Bronx, Westchester, Putnam, Dutchess, Rockland, Orange, Sullivan and Ulster counties. It is among the top 50 largest MLSs in the country. Pictured (from left) are: Jim Coleman, executive director, Westchester County IDA; Bill Mooney III, director, Westchester County Office of Economic Development; Leah Caro, HGMLS president; Ann Garti, HGAR & HGMLS COO, Rob Astorino, Westchester County executive; Richard Haggerty, HGAR CEO; John Barrett, CID president; and John Lease III, HGAR Regional VP, Orange County.
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Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking