ARMONK— GHP Office Realty, LLC, reported on Oct. 15 it had acquired 28 Kaysal Court in Armonk in an off-market sale. The property is comprised of a 56,000 square foot flex building, on-site backup generator, two loading docks, and close to 200 parking spaces. The property is currently 81% leased to six tenants. The building…
Read MoreMOUNT VERNON—Montefiore Health System announced on Oct. 15th a plan to close Mount Vernon Hospital and replace the storied facility with a new, $41-million health care complex on Sandford Boulevard in Mount Vernon. The project, which will be funded by a grant from New York State, will involve the development of a new, 40,000-square-foot location…
Read MoreRYE BROOK—Houlihan Lawrence Commercial has announced it has been named exclusive leasing agent for a new transit-oriented mixed-use development proposed directly across from the Metro-North train station in Tarrytown. Located at 29 Depot Plaza, the project is comprised for a 20,000-square-foot warehouse that will be renovated into ground-level self-storage and retail space with three stories…
Read MoreNEW YORK—Multinational computer software company Adobe Inc. has signed a 109,296-square-foot lease at 1540 Broadway, a 44-story, Class-A office building in Manhattan. Adobe has renewed its 27,323-square-foot lease on the entire 17th floor and is expanding by an additional 81,972 square-feet of office space on floors 18, 19 and 20. The CBRE team of Mary…
Read MoreNEW YORK—Cushman & Wakefield announced on Oct. 9 that it has been retained on an exclusive basis to market for sale 773 Grote St., a 23,021-square-foot residential development site in an opportunity zone in the Bronx. A Cushman & Wakefield team consisting of Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker and Shayne Soltan will…
Read MoreNEW YORK—RE/MAX reported on Oct. 14 that it is expanding its brand in the New York market by opening its first Manhattan office—RE/MAX 100 at 1412 Broadway in Times Square. The office was launched earlier this month by real estate professional Shovkat Mamedov who, along with her team, will bring RE/MAX’s world-class services to this…
Read MoreRAMAPO—The Jehovah’s Witnesses intend to file development plans for a new 1.5-million-square-foot audio-video production facility to be built two miles away from its 1.6-million-square-foot World Headquarters complex in Warwick. The project was revealed during a special event on Oct. 5th following the annual corporation meeting of the Watch Tower Bible and Tract Society of Pennsylvania.…
Read MoreYONKERS—A $177.3-million waterfront project being developed by New York City-based Rose Associates on Alexander Street here has secured incentives from the Yonkers Industrial Development Agency. The project at 57 Alexander St. that will convert an industrial building into a multifamily complex secured the incentives at the Oct. 2 meeting of the Board of Directors of…
Read MoreNEW ROCHELLE—Developer Megalith Capital Management joined New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Commissioner of Development Luiz Aragon and other city officials for a ribbon-cutting ceremony on Oct. 4 to mark the grand opening of the firm’s The Printhouse project. The six-story, 71-unit luxury mixed-use Printhouse development is located at 165…
Read MoreNEW YORK—Westchester County Executive George Latimer and Bronx Borough President Ruben Diaz Jr. hosted the inaugural meeting of the Penn Station Access Bronx & Westchester Community Council at Mercy College’s Bronx Campus on Sept. 27th next to the planned site of a future new Metro-North Railroad Station. Janno Lieber, Chief Development Officer and President at…
Read MoreELMSFORD—The Robert Martin Company LLC, which boasts a suburban office, flex and retail portfolio of more than 6 million square feet, announced on Oct. 2 it is expanding its operations to service the life sciences/health tech industry. Leading the effort will be Laurence Gottlieb, who was named managing director, Life Sciences and Health Technologies. Gottlieb…
Read MoreGOSHEN—While construction continues in earnest at the property and on a new adjacent exit on Route 17 here, LEGOLAND New York announced on Oct. 2 that it will stage its grand opening celebration on July 4, 2020. “The Fourth of July means family,” said LEGOLAND New York Public Relations Manager Matt Besterman, “and at LEGOLAND…
Read MorePOUGHKEEPSIE—The Hudson Valley Economic Development Corp. has announced that Tom LaPerch, commercial director with Houlihan Lawrence Real Estate of Rye Brook, has joined its Advisory Board. LaPerch, a 30-year real estate professional with additional expertise in marketing and government land planning, serves as commercial director for Houlihan Lawrence out of the company’s Rye Brook office.…
Read MoreMOUNT KISCO—The HomeGoods retail property at 3 East Main St. here has been sold in a 1031 exchange transaction valued at $6.8 million. The deal for the 24,834-square-foot building on 1.24 acres was reported by tech brokerage and trading platform firm B+E of New York City. The property was sold by The Kempner Corp. of…
Read MoreWHITE PLAINS—After negotiations ended in June on a proposed merger with the Hudson Valley Economic Development Corp., the Westchester County Association has announced the official launch of a search for a new president and CEO to replace longtime leader William M. Mooney Jr. Mooney will retire as of as of Dec. 31, 2019. The WCA…
Read MoreGOSHEN—The Orange County economy is rapidly evolving into a diverse set of growing industries that are yielding significant investment and new jobs to the area. A recent briefing by the Orange County Partnership to key business leaders and stakeholders at the Newburgh Brewing Co. in Newburgh showcased the various new projects on the boards and…
Read MoreMIDDLETOWN—The Orange County Partnership recently presented one of the most informative and frank discussions on the commercial real estate market in memory. Part of the Orange County Partnership’s 2019 Commercial Real Estate Summit held at the Orange County Fair Speedway in Middletown on June 19, the panel, moderated by Joe Deegan, managing director, SVN Deegan-Collins…
Read MoreRYE BROOK—The mayors of New Rochelle, White Plains and Yonkers recently told an audience of real estate professionals that the natural gas moratorium imposed by utility Con Edison earlier this year is not putting a dent in investor interest or development activity in their respective Westchester County cities. New Rochelle Mayor Noam Bramson, White Plains…
Read MoreYONKERS—In what city officials say is a “game changer” for Yonkers, Lionsgate, in partnership with Great Point Capital Management, announced plans on Sept. 5 to build a $100-million film and television studio here. Great Point Capital Management, a media-focused investment fund run by Robert Halmi and Fehmi Zeko, announced it had signed a letter of…
Read MorePURCHASE—Atlas Air Worldwide Holdings is staying in Westchester County and is in fact renewing and extending its headquarters lease long-term at 2000 Westchester Ave. here and investing nearly $38 million on office space upgrades and equipment. The company and New York State officials jointly announced that Atlas Air had signed a long-term lease renewal for…
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