Commercial

White Plains to Move Forward With Train Station Initiative

March 2017

WHITE PLAINS—White Plains Mayor Thomas Roach says the city will soon be issuing a solicitation for interested developers on plans to develop what will likely be highly sought after city-owned property around the White Plains Metro North train station. Mayor Roach, who was the guest speaker at the March 23rd meeting of the Hudson Gateway…

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Report: Hudson Valley Cities Will Power Region’s Growth

March 2017

SPARKILL—The not-for-profit regional think tank Hudson Valley Pattern for Progress released a report earlier this month entitled “Urban Action Agenda-A Program in Motion” that theorizes the Hudson Valley region can attract new residents, including Millennials, into urban and downtown districts if proper planning and development takes place. The report included extensive research on 25 urban…

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Court Dismisses Rye Playland Lawsuit; $60M Public-Private Partnership Begins

March 2017

WHITE PLAINS—In what Westchester County officials describe as an “across the board victory,” New York State Supreme Court Justice Gretchen Walsh has dismissed the City of Rye’s court case against Westchester County’s plans to revitalize the storied Rye Playland amusement park. County officials stated on Tuesday (March 21) that the ruling allows the county to…

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Oros Named New Director Of Economic Development

March 2017

WHITE PLAINS—Westchester County Executive Robert P. Astorino announced recently the appointment of George Oros as the new Director of Economic Development. Phil Oliva, the Deputy Director of Communications, succeeded Oros as Chief of Staff. Both appointments were effective March 13. William Mooney III, the current director of Economic Development, announced last month that he was…

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Tarrytown Office Building Trades for $30 Million

March 2017

TARRYTOWN—GHP Office Realty of White Plains has increased its regional office portfolio with the $30-million acquisition of a Class A office building here. Commercial brokerage firm Cushman & Wakefield reports that GHP Office Realty acquired the 279,000-square-foot office property from RA 660 White Plains Road LLC, an entity controlled by RNY Property Trust, an Australia-based…

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Merlin Seeks 20-Year PILOT Deal For LEGOLAND New York Project

March 2017

GOSHEN—The proposed developer and operator of the $500-million LEGOLAND New York theme park here announced on March 1 that it will seek a 20-year Payment in Lieu of Taxes deal from the Orange County Industrial Development Agency. Merlin had originally proposed a 30-year PILOT deal, but now is looking to finalize the 20-year accord after…

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Astorino, Local Officials Blindsided by Indian Point Closure Deal

March 2017

PEEKSKILL—The overwhelming takeaway from a recent state legislative committee public hearing on the Indian Point closure deal between New York State and plant operator Entergy Corp. was that state officials failed to forewarn key local stakeholders that a deal was in the works. County and local officials also were in unison expressing concern that a…

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Urstadt Biddle Sells Westchester Pavilion for Nearly $57 Million

March 2017

WHITE PLAINS—The former home of the Hudson Gateway Association of Realtors—the Westchester Pavilion Mall—has changed hands and is expected to be demolished shortly for a new high-rise mixed-use development. Greenwich, CT-based Urstadt Biddle Properties sold the vacant existing 185,000-square-foot Westchester Pavilion mall to Maple and Broadway Holdings, LLC, a subsidiary of Lennar Corp. through its…

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Houlihan Lawrence Commercial Expands Brokerage Operations Into Connecticut

March 2017

RYE BROOK— Houlihan Lawrence Commercial Group, the commercial arm of leading real estate firm Houlihan Lawrence, reported on Feb. 28th that it expanded operations into Connecticut. Agent Michael Rackenberg has been named the team leader for the office that will service the communities throughout Fairfield County, including New Canaan, Greenwich and Stamford. He will be…

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Gov. Cuomo Forms Task Force as Hearings Convene on Indian Point Closure

March 2017

ALBANY—Gov. Andrew Cuomo announced the formation of an Indian Point Closure Task Force the same day as a joint meeting of committees of the State Assembly and Senate convened on the business and economic impacts the planned closure of the nuclear facility in Buchanan might have on the state and local economies. The newly formed…

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Gov. Cuomo Touts Initiative to Accelerate $150M Project by Woodbury Common Exit

February 2017

WOODBURY—Gov. Andrew Cuomo made a stop at the New York State Thruway Authority Harriman Maintenance facility in Orange County on Feb. 26th to tout his expedited $150-million reconstruction of the Route 17 Exit 131 and adjacent New York State Thruway Harriman exit. The first dirt on the long-delayed project, which will greatly improve traffic to…

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Norwegian to Offer Flights to Ireland, Scotland From Stewart Airport

February 2017

NEW WINDSOR—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 June.…

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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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