Commercial

Not-For-Profit Leases Nearly 12,000 SF in Yonkers

June 9, 2023

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…

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Realtors Show Strong Commitment to Further DEI at Major Regional Conference

June 7, 2023

SLEEPY 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…

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CBRE: New York Remains a Top Market for Life Sciences Research Talent

June 7, 2023

NEW 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…

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Former County Planning Commissioner Honored

May 26, 2023

RYE—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…

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Mercy College Signs Long-Term Commitment for Bronx Campus

May 26, 2023

NEW 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…

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New Rochelle Mayor Bramson Named Executive Director of Sustainable Westchester

May 25, 2023

MOUNT 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…

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Broker Confidence Surveys Paint Clear Picture of Difficult Market Headwinds

May 23, 2023

WASHINGTON—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…

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Real Estate, Government Officials Agree Housing Crisis is Very Real

May 19, 2023

Should 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…

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Urstadt Biddle Properties to be Acquired for $1.4 Billion

May 19, 2023

GREENWICH, 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.…

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Westchester County Tourism Receives Major Grant For Action Plan to Boost Post-Pandemic Tourism

May 15, 2023

WHITE 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…

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Greystar, Cappelli Celebrate ‘Topping Out’ Of 25 North Lex in Downtown White Plains

May 3, 2023

WHITE 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…

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Real Estate Veteran Garry Klein Named Director of Houlihan Lawrence’s Commercial Division

May 1, 2023

RYE 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…

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$700-Million New York Climate Exchange Project Planned for Governor’s Island

April 25, 2023

NEW 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…

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Eco. Development Experts Say Regional Economy is Humming

April 20, 2023

WHITE 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…

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It’s a Small World After All: HGAR Global Initiatives Paying Dividends

April 20, 2023

Anyone 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…

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Value of IDA Projects in New York State Increased to $126B in 2021

April 13, 2023

ALBANY—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…

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New Jersey-Based Firms Acquire Chappaqua Medical Complex

April 11, 2023

CHAPPAQUA—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…

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Pickleball America Signs Major Lease at Stamford Town Center

April 7, 2023

STAMFORD, 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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