Commercial

Norwegian to Offer Flights to Ireland, Scotland From Stewart Airport

February 2017

NEW WINDSOR, NY—The word “international” finally means something again at Stewart International Airport. On Feb. 23, Gov. Andrew Cuomo announced a partnership with Norwegian that will have the airline carrier offer low-cost transatlantic flights from Stewart International Airport in Orange County to Belfast, Northern Ireland, Dublin and Shannon in Ireland and Edinburgh, Scotland beginning this…

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State Lawmakers to Convene Hearing on Indian Point Closure

February 2017

ALBANY—A joint meeting of state lawmakers from the Assembly and Senate will convene a hearing here Tuesday, February 28th at 10 a.m. to discuss and seek answers surrounding the planned shutdown of the Indian Point nuclear reactors in Buchanan by 2021. In January, Gov. Andrew Cuomo announced an agreement with Indian Point operator Entergy Corp.…

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Yonkers Renews its $2 Billion ‘Rebuild Yonkers Schools’ Campaign

February 2017

YONKERS—After securing a partial victory last year in its efforts to have New York State finance most of its planned $2-billion capital program for the Yonkers school district, Yonkers Mayor Mike Spano re-launched the “Rebuild Yonkers Schools” campaign to secure more favorable terms from the State Legislature. Last year, Yonkers was successful in its first…

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James Sousa Promoted To President Of Weichert Commercial Brokerage

February 2017

MORRIS PLAINS, NJ—James Sousa has been promoted to president of Weichert Commercial Brokerage, Inc., and he will assume responsibility for delivering the company’s overall strategy to serve the needs of commercial real estate clients and customers, the brokerage firm announced on Jan. 30. “We are extremely proud to promote Jim to this esteemed position on…

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Two Ossining Rental Projects Secure County Funding

February 2017

WHITE PLAINS—The Westchester’s Industrial Development Agency issued preliminary approved incentives for two rental apartment projects—Hudson Steppe and Maple House Apartments—in Ossining with a total private investment of $118.25 million. The incentives were granted at the IDA’s Jan. 26th Board meeting held at the County Office Building in White Plains. The developments will create approximately 240…

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Houlihan Lawrence Commercial Bullish On Office, Multifamily Markets in 2017

February 2017

RYE BROOK—Houlihan Lawrence Commercial Group recently released a report on the commercial real estate and multifamily markets in Southern Westchester County that predicted continued improvement across all sectors. The report, authored by Houlihan Lawrence Commercial’s Teresa Marziano, noted that Manhattan’s influence on the Westchester commercial markets (south of I-287) continues. She said, “Westchester’s commercial real…

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Danone North America Finalizes HQ Move to White Plains

February 2017

WHITE PLAINS—Danone North America announced on Feb. 7 it will be moving forward with a planned relocation of its corporate headquarters from Greenburgh to approximately 100,000 square feet of leased office and retail space at 100 Bloomingdale Road in White Plains. The North American operations of The Danone Co., known for Dannon and Evian yogurt…

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Merlin Entertainments Proposes Major Road Project to Help Secure Legoland Approval

February 2017

GOSHEN—Merlin Entertainments, the developer of the proposed $500-million LEGOLAND New York project here, has taken a bold step to mitigate one of the major issues tied to the project’s approval. The firm announced on Monday plans to relocate and reconfigure Exit 125 of Route 17 to help alleviate traffic on local roads. The multi-million dollar…

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Bon Secours Inks $180M Deal with Royal Philips

February 2017

VALHALLA—In another example of the tremendous economic engine health care is to the Hudson Valley, Royal Philips and Bon Secours Charity Health System, a member of the Westchester Medical Center Health Network here, recently announced a multi-year, strategic partnership agreement valued at $180 million. The agreement will make Philips solutions available to BSCHS in support…

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Judge Throws Out Legoland Project Opponents Suit

February 2017

GOSHEN—The proposed $500-million LEGOLAND New York resort project has scored a major legal victory with the dismissal of a lawsuit brought by a group of adjacent property owners. New York State Supreme Court Judge Robert A. Onofry dismissed an Article 78 proceeding filed on Dec. 8 by the Concerned Citizens for the Hudson Valley and…

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Commercial Brokers Bullish on Hudson Valley Market in 2017

January 2017

WHITE PLAINS—A record crowd of more than 120 real estate professionals were on hand to hear a rather upbeat view of the Hudson Valley commercial real estate market this year at the Hudson Gateway Association of Realtors’ Commercial Investment Division’s Annual Commercial Broker’s Roundtable held at the HGAR offices in White Plains. CID President John…

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Reaction Mixed to PSC Decision on Suez NY Water Rate Hike

January 2017

NEW CITY—Reaction has been mixed to the decision by the New York State Public Service Commission earlier this week to decrease the requested water rate hike request by Suez New York, Inc. by nearly $1 million over the next three years. Rockland County Executive Ed Day was highly critical of the PSC decision charging that…

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Orange County Partnership Hands Out 2016 Major Awards

January 2017

NEW WINDSOR—The Orange County Partnership recently recognized Angry Orchard Cider Company, Woodbury Common Premium Outlets and Matrix Development Group at its 30th Anniversary Annual Event held recently at Anthony’s Pier 9 in New Windsor. Maureen Halahan, president and CEO of the Orange County Partnership stated, “As we celebrate 30 years of economic development and growth,…

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New York Life Relocating To 44 South Broadway

January 2017

WHITE PLAINS—New York Life Insurance Company has announced that it will relocate its Westchester office to Westchester One, located at 44 South Broadway in White Plains. The company has leased several floors of the building, approximately 150,000 square feet, and is expected to bring more than 500 new employees to the city. The move, announced…

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Six New Retailers Open At Woodbury Common

January 2017

CENTRAL VALLEY—Perrin Paris, the French luxury leather accessory brand, and Yves Salomon, the Paris-based furrier, are among six retailers that opened in December at Woodbury Common Premium Outlets here. In addition, six stores reopened after remodeling their interiors as part of the recent multi-million dollar redevelopment at Woodbury Common. These include luxury designers Saint Laurent,…

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Hudson Valley Commercial ‘Dealmakers’ Honored

January 2017

NEWBURGH– Remarkable achievement in regional commercial real estate was acknowledged at the recent prestigious “Dealmaker” awards and mixer. The event was presented by the Hudson Valley chapter of NYSCAR (New York State Commercial Association of Realtors), network of commercial real estate professionals. The Motorcyclepedia Museum in Newburgh was the host of the second annual awards…

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New Rochelle Issues RFP to Redevelop Harrison Street Fire Station #1 Property

January 2017

NEW ROCHELLE—The City of New Rochelle issued a Request for Proposal for the redevelopment of Fire Station #1 at 45 Harrison St. on Jan. 2. The city-owned property is not included in the portfolio of properties in the city’s far reaching Master Development Agreement with RDRXR, a partnership of Renaissance Downtowns and RXR Realty, according…

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Reaction Mixed to Reported Indian Point Closure Deal

January 2017

BUCHANAN—The devil will certainly be in the details of the widely reported tentative deal between Gov. Andrew Cuomo and Entergy Corp. to shutter the two nuclear reactors at Indian Point Energy Center here by 2021. The New York Times initially reported the deal between the Cuomo administration and Entergy on Friday that calls for one…

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Exclusive: Higher Than Expected Development Costs Prompt Rockland Firm to Scrap Warwick Plant Project

January 2017

WARWICK—A family-owned fine flavor manufacturing firm that dates back to 1890—Star Kay White Inc. of Congers—has decided not to move forward on a planned multi-million dollar expansion at the Warwick Valley Office & Technology Park, Real Estate In-Depth has learned, due to higher than expected construction costs. Benjamin Katzenstein, president of Star Kay White, informed…

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