YONKERS—Rand Commercial reported on June 7 the lease of the entire second floor at 86 Main St. in Yonkers to Special Citizens Futures Unlimited, Inc. The lease for 11,703 square feet has a 11-year term. The space shall be used as executive and administrative offices serving the firm’s current facilities in the Bronx and in…
Read MoreSLEEPY HOLLOW—Organizers of the second annual Diversity, Equity, & Inclusion Summit were in agreement that this year’s event, held on June 5 and 6 at the Sleepy Hollow Hotel & Conference Center here, featured a wide-ranging offering of programs and discussions geared at providing insights for real estate brokers, agents, as well as association boards…
Read MoreNEW YORK—The New York City metro region received some heartening data from commercial brokerage firm CBRE, which announced on June 7 that the Greater New York market ranked fourth in the nation for life sciences research talent. Nationally, the growth of U.S. life sciences researchers remains resilient in the face of economic concerns, with the…
Read MoreRYE—The Westchester County Association at its 2023 Real Estate Conference on May 10 honored recently retired Norma Drummond, Commissioner of Planning for Westchester County, with its “Legacy Award.” Drummond was the Commissioner of Planning for Westchester County since Jan. 1986 and served the county in that post for more than 37 years. She has extensive…
Read MoreWHITE PLAINS—The Westchester County Office of Economic Development announced on May 8 it had partnered with Sustainable Westchester to launch a Clean Energy Accelerator Program. The program, which includes a Careers Working Group that recently met for the first time, convenes key stakeholders who will work together to identify the workforce needs of the clean…
Read MoreNEW YORK—Simone Development Companies has signed a long-term lease renewal with Mercy College for 125,522 square feet of classroom, administrative and amenities space at 1200 Waters Place in the Bronx, renewing the institution’s commitment to the borough and the Hutchinson Metro Center, which they helped anchor more than 20 years ago. The transaction was announced…
Read MoreMOUNT KISCO—After serving as Mayor of New Rochelle for nearly two decades, Noam Bramson will be leaving city government at the end of this year for the private sector. Earlier today, Sustainable Westchester announced that Mayor Bramson will take over as Executive Director of the Mount Kisco-based non-profit effective in January 2024. Bramson has served…
Read MoreNEW ROCHELLE, NY—The City of New Rochelle announced on May 12 the selection of Brooklyn, NY-based FXCollaborative to transform the city’s Train Station and Transit Center located at the heart of its thriving downtown. The busiest stop on the Metro-North New Haven line, New Rochelle’s historic train station has been an anchor through the decades,…
Read MoreWASHINGTON—The National Association of Realtors recently released its Confidence Index Survey for the month of April, which showed continued broker sentiment that market conditions have and will continue to remain the same with listings low and contract activity staying competitive. The NAR report indicated that the time on market has declined from 29 days in…
Read MoreShould New Plan Utilize a Carrot or Stick? RYE—In the aftermath of Gov. Kathy Hochul’s failed “New York Hosing Compact” bold initiative that called for the development of 800,000 new housing units statewide to address what she termed is a housing crisis in New York State, real estate executives and government officials at a recent…
Read MoreGREENWICH, CT—Regency Centers Corp. of Jacksonville, FL and Urstadt Biddle Properties Inc., which is headquartered in Greenwich, CT, announced on May 18 that they had entered into a definitive merger agreement by which Regency will acquire Urstadt Biddle in an all-stock transaction, valued at approximately $1.4 billion, including the assumption of debt and preferred stock.…
Read MoreWHITE PLAINS—The Westchester County Tourism & Film was recently awarded a $520,000 grant from the U.S. Department of Commerce, through the Economic Development Administration, as part of the American Rescue Plan. This EDA Tourism Recovery Action Plan will support the development of the Westchester County Tourism Recovery Plan with research, strategic planning and prioritization of…
Read MoreWHITE PLAINS—Executives with Greystar Real Estate Partners LLC and the Cappelli Organization joined officials from Westchester County and the City of White Plains on April 18 to celebrate the “topping out” milestone in the construction of the mixed-use 25 North Lex development in Downtown White Plains. Officials and several hundred construction workers cheered as the…
Read MoreRYE BROOK—Houlihan Lawrence has reported the appointment of Garry Klein as Director of the company’s Commercial Division. Klein previously served as Regional Manager and Associate Broker responsible for recruiting, training and managing the Westchester division of the company. In his previous role, Klein represented owners, buyers and tenant clients in the evaluation, sales, purchase and…
Read MoreNEW YORK – New York City Mayor Eric Adams, Trust for Governors Island President and CEO Clare Newman, and State University of New York (SUNY) Stony Brook University President Maurie McInnis unveiled on April 24, the “New York Climate Exchange,” a first-in-the-nation climate research, education, and jobs hub on Governors Island that will create thousands…
Read MoreWHITE PLAINS—The Commercial Investment Division of the Hudson Gateway Association of Realtors recently presented its Annual Economic Development Roundtable that featured the top officials in the region charged with attracting and retaining business here. If there was one recurring theme from the program it was that despite talks of an economic slowdown or possible recession…
Read MoreAnyone who has ever been to a Disney theme park is familiar with the popular boat ride attraction featuring dolls of the world singing and dancing throughout the seven continents. “It’s a Small World” is meant to show how today’s world is really smaller than we think—given the technology now that can bring us all…
Read MoreALBANY—As some critics of Industrial Development Agencies continue to call for additional oversight over their decisions and tax breaks granted to developers, a report released on April 11 indicates that a total of 107 local and county Industrial Development Agencies in New York State added $126 billion to the New York State economy in 2021…
Read MoreCHAPPAQUA—Atkins Companies of West Orange, NJ and Denholtz Properties of Red Bank, NJ announced recently the acquisition of the Medical Offices at Chappaqua Crossing, a 490,000-square-foot, 59-acre healthcare facility located at 480 Bedford Road in Chappaqua. The firms stated the investment will leverage Atkins Companies’ decades of experience creating and managing modern healthcare facilities geared…
Read MoreSTAMFORD, CT—Houlihan Lawrence Commercial Division announced on April 6 it had negotiated a lease of more than 80,000 square feet of anchor space in the Stamford Town Center to Pickleball America for what will become one of the world’s largest indoor pickleball venues. Pickleball America is moving into the former two-story Saks Off 5th retail…
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