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News stories tagged with "real-estate"

Listen Live: APA debates expanded regulatory power

The Adirondack Park Agency is meeting Thursday and Friday at their headquarters in Ray Brook. Beginning at 10:15 am, the board will debate changes to the regulations that govern hunting cabins and the expansion of shoreline homes. Both changes are controversial and face opposition from local government leaders, as well as state Senator Betty Little. Listen live by clicking the link below.

Brian Mann will have a recap tomorrow during The Eight O'Clock Hour and during All Before Five.  Go to full article

Home prices up in St Lawrence, Jefferson and Lewis Counties

Home prices in portions of the North Country are bucking state and national trends. Across New York and the U.S., the collapse of sub-prime mortgages, tightening credit and a general economic downturn have all contributed to falling prices. But in Jefferson, Lewis and St Lawrence Counties The median sale price of single-family homes is actually up 13 percent from two years ago. Jonathan Brown reports.  Go to full article

More homes on the market, but fewer buyers

Signs of summer abound right now across the North Country. Gardens are growing, loons are warbling and "For Sale" signs dot the landscape. Summer is traditionally the season for selling a home. But data compiled by the New York Association of Realtors show that in the Adirondacks alone, the number of homes currently on the market is up 20% over last year. Would-be buyers have to contend with rising prices for food and fuel and a credit crunch brought on, in part, by a real-estate bubble that now appears to have burst. But it's not all bad news for the North Country's real-estate market according to Mark Bergman. He's the Adirondack Region Vice President of the state Association of Realtors. He tells Jonathan Brown that buyers and sellers entering today's market should focus on what's happening in their neighborhoods, not reports of a national market in decline.  Go to full article

Luxury resort owner pulls out

The owner of a new luxury resort in Lake Placid is selling off its interest in the property. Connecticut-based T-Rex Capital blames the downturn in the real estate market. The company says it's transferring its interest in The Whiteface Lodge to an affiliate of its lender -- Lehman Brothers. The new owners are reportedly planning to retain all the property's employees. Chris Knight reports.  Go to full article
OK Slip Falls, one of the prizes of the Finch, Pruyn deal (Photo:  C. Heilman, courtesy of Adk Nature Conservancy)
OK Slip Falls, one of the prizes of the Finch, Pruyn deal (Photo: C. Heilman, courtesy of Adk Nature Conservancy)

NY to expand forest preserve with massive piece of Finch, Pruyn tract

State environment officials and the Nature Conservancy say they've struck a deal that will protect more than 134,000 acres of timberland in the Adirondacks. The plan, unveiled late Thursday, was described as historic by DEC commissioner Pete Grannis. It will affect most of the former Finch, Pruyn lands, which the Nature Conservancy purchased last year for $110 million. 57,000 acres will be added to the state forest preserve. Another 73,000 acres will continue to be logged, but all other forms of development will be blocked by conservation easements. Most of the land lies in the towns of Newcomb, Minerva, Long Lake, Indian Lake, and North Hudson. State officials say it's not clear how much taxpayers will pay for the massive preservation deal. Local government leaders have raised concerns about the impact on local economies and the lack of public hearings for the project. But backers of the plan say it strikes a balance between the needs of local communities and the environment.

Brian Mann spoke with Mike Carr, head of the Adirondack Nature Conservancy, and with DEC Commissioner Pete Grannis.  Go to full article

More on the Nature Conservancy land deal

Martha Foley talks with NCPR Adirondack Bureau Chief Brian Mann a little more about the land deal unveiled yesterday.  Go to full article

Adirondack real estate cools, at least for now

Housing prices have been sky-high in much of the Adirondacks for the last five years. But there are growing signs that the national housing crunch is having a ripple effect inside the Blue Line. As Brian Mann reports, it's unclear whether the slowdown reflects a major shift in the housing market or a temporary blip.  Go to full article
Forest and water up for sale in the Adirondacks (Source:  Fountains Real Estate website)
Forest and water up for sale in the Adirondacks (Source: Fountains Real Estate website)

Nature Conservancy sells 15,500 acres in Adirondacks

The Nature Conservancy is selling more than fifteen thousand acres of land in the central Adirondacks. The $1.8 million deal involves five lakes and ponds and a half-dozen small mountains in the towns of Long Lake and Webb. As Brian Mann reports, the Nature Conservancy says the property will still be protected from further development.

NOTE: Story corrected at 11:50 am.  Go to full article

St. Lawrence County conservation deal finalized

One of the last big conservation deals negotiated by the Pataki administration has been finalized. Nearly 52,000 acres in St. Lawrence County will be protected under the deal, according to a statement issued today by DEC commissioner Pete Grannis. Brian Mann has details.  Go to full article

Adirondack tax group withdraws suit, for now

A group of taxpayers suing the town of Harrietstown abruptly withdrew their petition on Friday. The case was set to be heard by the state Supreme Court in Malone. As Brian Mann reports, the suit was delayed after the judge refused to allow a new set of claims against the town.  Go to full article

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