Commercial

Business Council Taps Two Economic Development Execs. to Board of Directors

June 2019

RYE BROOK—In a move to bolster its planning and economic development expertise, the Business Council of Westchester has named Wilson Kimball, Commissioner of Planning and Development for the City of Yonkers; and Luiz Aragon, Commissioner for Development for the City of New Rochelle, to its Board of Directors. “We are truly honored to have these…

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Learn More About the CFA Process

June 2019

WHITE PLAINS—The Westchester County Office of Economic Development is urging businesses, organizations and municipalities to attend informational workshops being held this month to learn more about funding opportunities in the next round of the Mid-Hudson Consolidated Funding Application (CFA). The Westchester County Office of Economic Development will hold a series of informational sessions throughout Westchester…

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Wells Fargo to Sell Eastdil Secured in Management Buyout Deal

June 2019

NEW YORK—Wells Fargo & Co. announced on June 11 it had reached an agreement to sell Eastdil Secured, its private real estate investment banking division, in a management buyout transaction. The sales agreement follows Eastdil’s management-led recapitalization, in partnership with Guggenheim Investments, on behalf of certain institutional clients, and Temasek, a global investment company headquartered…

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NAHREP Launches Westchester County Chapter

June 2019

WHITE PLAINS—The National Association of Hispanic Real Estate Professionals officially launched its Westchester County Chapter recently with a kick-off party at an office rooftop in White Plains. The event drew more than 150 people and included special guest Chef Barret Bayer of the “Hell’s Kitchen” and “Million Dollar Listing” TV shows. NAHREP currently has more…

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White Plains Releases Long Awaited RFP For Redevelopment of Transit District

June 2019

WHITE PLAINS—The City of White Plains announced on June 6 that it had released the long-awaited Request for Proposals for interested development firms to redevelop three city-owned properties and one Urban Renewal Agency parcel in the city’s Transit District. The four parcels total approximately 4.5 acres and are located along the easterly side of the…

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HGAR’s Commercial & Investment Division Hosts First-Ever Women in Commercial Real Estate Panel

June 2019

Diversity, challenges and a new perspective for the future were the prevailing themes at the Hudson Gateway Association of Realtor’s first-ever “Women in Commercial Real Estate” panel discussion held on June 6 at HGAR’s White Plains headquarters. Describing the panel as “the forefront of the commercial real estate community,” Patricia Valenti, moderator and executive managing…

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IDA-Issued Tax Breaks in NY Continue to Rise

May 2019

ALBANY—New York’s Industrial Development Agencies provided a total of $751 million in net tax exemptions for local economic development projects in 2017, an increase of more than 5% from the previous year, according to a report issued on May 29 by New York State Comptroller Thomas P. DiNapoli. The Mid-Hudson ($175 million) and Long Island…

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Latimer Seems to Turn Page on County Airport P3; Puts Out RFP on Airport’s Future Use

May 2019

WHITE PLAINS—Westchester County Executive George Latimer has seemed to move away from a $1.1-billion public-private partnership negotiated by the former administration of Robert Astorino at Westchester County Airport and issued a new Request for Proposals to study economic and environmental issues in connection with the airport’s master plan. County Executive Latimer in announcing the release…

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Westchester Medical Center to Open $230M Pavilion Later This Month

May 2019

VALHALLA—Officials with the Westchester Medical Center unveiled its $230-million new Ambulatory Care Pavilion on May 16th in advance of its opening later this month. The new, 280,000 square-foot, eight-story Ambulatory Care Pavilion, Westchester Medical Center’s new focal point for ambulatory care services will host its first patients later this month. The hospital, the flagship of…

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HGAR’S Commercial Investment Division to Host ‘Women in Commercial Real Estate Panel' on June 6 in White Plains

May 2019

WHITE PLAINS—The Hudson Gateway Association of Realtors’ Commercial Investment Division will hold a “Women in Commercial Real Estate” panel discussion on June 6 at the HGAR offices in White Plains.The program, which will begin at 9 a.m. will feature panelists Patricia Valenti, Executive Managing Director, Newmark Knight Frank (Moderator); Joanna Simone, Vice President of Leasing…

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Westchester County Picking First Entrepreneurs For New Element 46 Incubator Initiative

May 2019

WHITE PLAINS—In coming weeks, the Westchester Office of Economic Development will be putting the finishing touches on its groundbreaking new Element 46 incubator initiative. Westchester County Executive George Latimer recently announced the launch of the Westchester Element 46 incubator program designed to inspire and support entrepreneurial talent and the development of new businesses in Westchester.…

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Woodbury Common Reveals Significant Expansion Plans

May 2019

CENTRAL VALLEY—On May 9, Woodbury Common Premium Outlets outlined new details of its proposed expansion that will bolster tourism and job creation for the region. The center’s plans were unveiled at the Orange County Chamber of Commerce monthly breakfast held at Woodbury Common’s Market Hall. Woodbury Common has proposed plans that include: approximately 165,000 square…

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Westchester Terminates Rye Playland Contract with Standard Amusements

April 2019

WHITE PLAINS—Westchester County notified Standard Amusements, LLC, which was scheduled to take over operation of the storied Rye Playland amusement park in November, that it was terminating the 30-year lease agreement reached in mid-2016. Late last month, Westchester County Executive George Latimer reported he had reached the decision to terminate the Rye Playland 30-year lease…

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