Commercial

Genting Proposes Video Gaming Machine Facility At Vacant Bon Ton Dept. Store at Newburgh Mall

February 23, 2021

NEWBURGH—Representatives of Genting Americas, the parent company of Resorts World Catskills casino in Monticello, officially presented plans to the Newburgh Town Board on Feb. 22 to locate a Video Gaming Machine facility at the Newburgh Mall here. The $32-million “Resorts World Hudson Valley” project would convert 90,000-square-foot of space, including the now vacant Bon Ton…

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J. Philip Commercial Group Launches New Business Brokerage Division

February 18, 2021

CARMEL—J. Philip Commercial Group announced recently the launch of a new service arm—J. Philip Commercial Group (JPCG) Business Brokerage that will be based here. The brokerage firm reported that the new entity will be the first Putnam County-based business broker and will seek to fill a gap for entrepreneurs and business owners who have been…

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Port Chester Last Mile Delivery Firm To Relocate to Larger Space in CT

February 18, 2021

ELMSFORD—As part of an announcement on its leasing activity at its commercial properties in Westchester and Fairfield (CT) counties, Robert Martin Co. announced that Lasership, a last mile delivery firm currently based in Port Chester, will be shifting operations across the border to Stamford, CT. Lasership has leased 40,000 square feet of flex/industrial space at…

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PSC Approves $710M in Downstate, Upstate Power Line Projects

February 12, 2021

NEW YORK—The New York State Public Service Commission on Thursday, Feb. 11 approved two transmission line projects, one in the Capital District-Hudson Valley region and another in Western New York that will cost more than $700 million to complete. The PSC approved the New York Energy Solution Project—a 54.5-mile, 345-kilovolt transmission line valued at an…

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Yorktown Approves IBM Solar Project at Watson Facility

February 10, 2021

YORKTOWN HEIGHTS, NY—The Yorktown Planning Board approved on Monday (Feb. 8) a solar canopy for IBM’s Watson facility that the town estimates will eliminate 6.8 million pounds of carbon dioxide emissions annually. IBM will build a solar panel canopy over a large parking lot at 1101 Kitchawan Road in Yorktown Heights. The construction project will…

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NJ-Based Plawker Group Joins Rand Commercial

February 9, 2021

ENGLEWOOD CLIFFS, NJ - Rand Commercial announced on Feb. 8 that locally-based Plawker Commercial has officially joined the Rockland-County headquartered commercial brokerage firm. The firm is now operating as Rand Commercial Plawker Group and is located out of offices at 601 Palisades Ave. in Englewood Cliffs, NJ. In December 2020, residential brokerage firm Plawker Real…

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Tenants Sign 102,000 SF in Lease Deals At GHP Office Properties in Westchester

February 4, 2021

WHITE PLAINS—GHP Office Realty, LLC, an affiliate of Houlihan-Parnes Realtors, LLC, announced recently it had leased 102,212 square feet in transactions worth more than $26.6 million in rental income. Ampacet Corp. renewed its lease of 35,000 square feet on the third floor of 660 White Plains Road in Tarrytown for seven years. The space serves…

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Former Toyota Dealership Property in New Windsor Sold

February 4, 2021

NEW WINDSOR—John J. Lease Realtors reported recently that it had sold the former Toyota Auto Sales facility, located at 2934 U.S. Route 9W in New Windsor. The sale price was $925.000. The property consists of two buildings with 18,000 square feet total on 3.6 acres. The purchaser was Mid Hudson Films, LLC. John J. Lease…

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Gov. Cuomo May Push Up Timeline on Downstate Casinos to Deal with COVID-19

January 27, 2021

While details are still sketchy at press time, the massive state deficit that has been estimated between $8 billion and $15 billion may be the cause for the state to begin the process of awarding up to three casino gaming licenses in Downstate New York earlier than originally planned. Gov. Andrew Cuomo in his State…

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Beam Suntory Signs 100,000 SF Lease Deal at 11 Madison Ave.

January 27, 2021

NEW YORK—SL Green Realty Corp. reported today that Beam Suntory, a world leader in premium spirits, has signed a 99,556-square-foot lease at 11 Madison Ave. for its global headquarters. The 15-year lease covers the entire 12th floor and brings the 2.2-million-square-foot building’s occupancy to 100%. Beam Suntory is relocating its global headquarters from Merchandise Mart…

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COVID-19 Pandemic’s Impact Accelerates Trends in Westchester’s Commercial Market

January 22, 2021

RYE BROOK— The turmoil of the COVID-19 pandemic has accelerated existing trends in Westchester County’s commercial real estate market with multifamily and industrial/flex sectors faring well, while office and retail vacancies continued to rise and investment sales briefly stalled, according to the Houlihan Lawrence 2020 Commercial Market Report released on Jan. 21. “The pandemic has…

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Hudson Valley Region Lost Nearly 75,000 Private Sector Jobs in 2020

January 22, 2021

ALBANY—The New York State Department of Labor reported on Jan. 21 that the number of private sector jobs in the Hudson Valley fell 74,800 or 9.2% over the year in December 2020. Job losses were greatest in leisure and hospitality (-32,900), educational and health services (-10,900), professional and business services (-8,800), trade, transportation and utilities…

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NJ Brokerage Merges with Howard Hanna Rand Realty

January 15, 2021

ENGLEWOOD CLIFFS, NJ—Locally-based Plawker Real Estate, one of Bergen County’s leading brokers, recently announced that it has joined forces with real estate brokerage firm Howard Hanna Rand Realty. The Plawker Real Estate office at 601 Palisade Ave. in Englewood Cliffs will now operate as Howard Hanna Rand Realty – Plawker Group. Additionally, the Plawker Commercial…

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Westchester Advanced Manufacturing Firm Expands Operations with New Lease Deal

January 13, 2021

ELMSFORD—Robert Martin Company announced recently that PTI, a leader in advanced manufacturing technologies, has signed a lease for 13,650 square feet of expansion space at 8 Skyline Drive at the Mid-Westchester Executive Park in Hawthorne. PTI, which manufactures non-destructive package inspection technologies for the pharmaceutical, medical device and food industries, previously signed a lease for…

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Gov. Cuomo Calls for Extension of Commercial Tenant Eviction Moratorium; Proposes Banning Late Fees, Penalties on Residential Leases

January 9, 2021

On Jan. 8, Gov. Andrew Cuomo said he would be proposing an extension of the commercial tenant eviction moratorium and measures geared to strengthening protections for rental apartment tenants during the coronavirus pandemic. The proposals, part of the governor’s upcoming State of the State address, will advance legislation to codify an existing Executive Order to…

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U.S. Department of Labor Issues Final Rule To Clarify Independent Contractor Status

January 7, 2021

WASHINGTON, DC – The U.S. Department of Labor today announced on Jan. 6 a final rule clarifying the standard for employee versus independent contractor status under the Fair Labor Standards Act. “This rule brings long-needed clarity for American workers and employers,” said U.S. Secretary of Labor Eugene Scalia. “Sharpening the test to determine who is…

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