Commercial

YIDA Reports Banner Year Inducing $851 Million in Private Investment

December 2019

YONKERS—It was a banner year for economic development in the City of Yonkers with the Yonkers Industrial Development Agency providing financial incentives to nearly a dozen projects representing a total private investment of $851 million. The developments supported by the YIDA are projected to create 2,246 new residential units, 105,430 square feet of retail and…

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College of New Rochelle Sold for $32 Million

December 2019

NEW ROCHELLE—The unfortunate tale of the troubled College of New Rochelle has officially come to an end after 115 years. The storied College of New Rochelle campus was sold at auction for $32 million to the Trustees of The Masonic Hall & Asylum Fund. The United States Bankruptcy Court approved the sale in a hearing…

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Houlihan Lawrence Commercial Forms Food, Beverage and Hospitality Group

December 2019

RYE BROOK—In recognition of this emerging sector, Houlihan Lawrence Commercial has announced it has formed a new Food, Beverage & Hospitality Group. Headed by Richard Tannebaum, the new group assists solo operators, franchisees, chains, restaurant groups, investors and property owners accomplish their real estate goals. Tannebaum, who has two decades of experience in real estate…

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Global R.E. Summit, NYC 2019, Nov. 4, 2019

November 2019

Dorothy Botsoe, Dorothy Jensen Realty Inc.   Mitch Roschelle, Partner, PwC Dean Foster, Founder DFA Intercultural Global Solutions, LLC, President, Dean Foster Global Cultures Luciane Serifovic, CEO & Founder, Luxian International Realty Global Market Highlights Panel: Federico Ranuzzi de'Bianchi, Principal Broker, Ranuzzi & Giordani Real Estate Agency; Raj Rajpal, Mortgage Consultant, Wells Fargo Home Mortgage;…

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Ashkenazy Makes Second Westchester Buy This Month; Acquires Larchmont Shopping Center for $35 Million

November 2019

The Ferndale Shopping Center, an 84,000-square-foot retail property in Larchmont, has been acquired by Ashkenazy Acquisition Corporation from Ten Grand Inc. at a price that exceeded $35 million. Earlier this month, the New York City-based privately-owned real estate investment firm acquired Vernon Hills Shopping Center, a 380,000-square-foot retail asset in Eastchester; Cushman & Wakefield also…

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Governor Visits Orange County to Tout Completion of $150M Exit 131 Project

November 2019

CENTRAL VALLEY—New York Gov. Andrew M. Cuomo announced on Nov. 14 the completion of the $150-million design-build project at the Woodbury Road, Transit and Economic Development Hub in Orange County five years ahead of schedule and in time for the holiday shopping season. The Hub provides improved access to businesses and shopping destinations at Woodbury…

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Facebook Completes 1.5 Million SF in Lease Deals at Hudson Yards

November 2019

NEW YORK—Hudson Yards announced on Nov. 14 it had completed a lease with Facebook for more than 1.5 million square feet of office space across 30 floors and three buildings at Hudson Yards. The lease deal includes approximately 1.2 million square feet at 50 Hudson Yards, approximately 265,000 square feet at 30 Hudson Yards and…

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HGAR, NYC Metro Realtor Associations Hold Global RE Summit

November 2019

NEW YORK—A number of real estate’s most influential thought leaders came together on Nov. 4 to share strategies for succeeding in the global marketplace as part of the Global Real Estate Summit NYC at the New York Marriott Marquis. The day-long event, now in its 13th year, attracted hundreds of area real estate professionals focused…

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NJ Economic Development Veteran Hired For New Position with Business Council

November 2019

RYE BROOK—The Business Council of Westchester announced on Nov. 12 that Maggie C. Peters has been hired as Senior Vice President of Economic Development, a newly created position with the Westchester County business advocacy organization. Most recently Peters served as the Senior Community Development Officer for the New Jersey Economic Development Authority in Newark, NJ…

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Westchester County Association Picks Former Banking Exec. as Interim President/CEO

November 2019

WHITE PLAINS—The Westchester County Association has announced that John E. Ritacco, a financial services executive and the former president and CEO of CMS Bancorp Inc., will be appointed Interim President/CEO of the business advocacy organization effective Jan. 1, 2020. The WCA stated that the search for a new leader continues. Ritacco will remain in the…

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Vernon Hills Shopping Center in Eastchester Trades for $125 Million

November 2019

EASTCHESTER— Ashkenazy Acquisition Corp. has added Vernon Hills Shopping Center in Eastchester for more than $125 million from Vernon Hills Shopping Center LLC. The five-building, mixed-use property, totaling more than 380,000 square feet at 700 White Plains Road, features a mix of retail, medical and professional credit tenants. The purchase was reported by Cushman &…

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Peekskill Issues Open Call to Private Investors for DRI Funding

October 2019

PEEKSKKILL—The City of Peekskill, which in August of this year was awarded a $10-million grant through the state’s Downtown Revitalization Initiative to revitalize its downtown district, issued an open call for privately sponsored project proposals to be considered for DRI funding. City officials say the purpose of the open call is to hear from members…

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Adler Among Those Inducted into Rockland Civil and Human Rights Hall of Fame

October 2019

NYACK—Commercial real estate veteran Paul Adler Esq. of Rand Commercial was one of three individuals inducted into Rockland County’s Civil and Human Rights Hall at the Hall of Fame’s luncheon held in Nyack earlier this week. Adler, who serves as Chief Strategy Officer/RE Associate Broker with Rand Commercial, is an attorney, a veteran commercial real…

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RPW Adds 100 Manhattanville Road to Office Portfolio

October 2019

PURCHASE—The RPW Group has acquired the 290,631-square-foot 100 Manhattanville Road office building here. No financial terms of the transaction were released. The transaction was reported by Newmark Knight Frank, which has been awarded the exclusive leasing assignment at the property by new owner RPW Group. A Newmark Knight Frank team led by Executive Managing Director…

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Major Long Island Developer Entering Hudson Valley Market

October 2019

FISHKILL, NY– Farrell Building Co., widely known for developing luxury single-family homes on Long Island and the Palm Beach, FL area, has entered the Hudson Valley with several new projects. Farrell is developing new luxury rental properties in Newburgh, Middletown and New Windsor, in Orange County, as well as in Fishkill, Beacon, and Wappingers in…

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