News: Owners Developers & Managers

Simone Development to transform Sarosca Farm Estates into residences

Sarosca Farm Estates, a historic estate property in the heart of Westchester's golf community, is being transformed into a private enclave of high-end luxury home sites in this Westchester community. The property, which is the last residential property to be developed in Purchase, features the completely renovated Manor House and 10 estate home sites ranging in size from 1.51 to 3.88 acres. Simone Development, the developer of Sarosca Farm Estates, has assembled a team of architects, including Gary Savitzky, Justin Minieri, AIA and Studio Rai Architectural Design, P.C. Purchasers of the home sites will be able to work along with an architect to custom design the home of their dreams from a selection of estate home designs. The property's infrastructure - including roads, sewers and utilities - has been completed and the sales center is now open. Located off Purchase St. in the heart of Westchester's golf course community, Sarosca Farm Estates is bordered by Old Oaks Country Club and the Country Club of Purchase. Nearby are Brae Burn Country Club in Purchase, Century Country Club in Purchase, Westchester Country Club in Rye and Winged Foot Golf Club in Mamaroneck.
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New York State Homes and Community Renewal finish $32 million affordable development

Union, NY New York State Homes and Community Renewal commissioner RuthAnne Visnauskas have completed the Homesteads on Grand, a $32 million, 72-unit mixed-use affordable and supportive development in Johnson City, Broome County.
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NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.