NEW YORK—A panel of veteran real estate investors, financiers and brokers took a deep dive at the Global Real Estate Summit NYC 2019 on the health of the New York City metro markets and who will be the sources of needed capital for new development projects. The panel, moderated by Eric Zollinger, president-elect of the…
Read MoreWHITE PLAINS—Elmsford-based real estate development and investment firm Robert Martin Company LLC, which helped shape the commercial real estate market in Westchester County decades ago, now sees the growing biotechnology and life sciences sector as an avenue of growth for the firm and the county as a whole. Speaking at the Oct. 31 meeting of…
Read MoreNEW 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…
Read MoreRYE 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…
Read MoreWHITE 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…
Read MoreNEW YORK—The Community Preservation Corporation, a leading nonprofit multifamily finance company headquartered in New York City, announced on Nov. 6 it has more than $700 million in capital available to lend and invest in affordable and workforce housing in New York State and the Northeast United States. CPC officials say the firm intends to work…
Read MoreEASTCHESTER— 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 &…
Read MorePEEKSKKILL—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…
Read MoreNYACK—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…
Read MorePURCHASE—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…
Read MoreFISHKILL, 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…
Read MoreNEW YORK—The Hudson Gateway Association of Realtors will co-host the “Global Real Estate Summit NYC” on Monday, Nov. 4, bringing together real estate's most influential thought leaders on how to succeed in the global marketplace. The event, now in its 13th year, will focus on "Engaging the Global Future." HGAR will present the summit in…
Read MoreARMONK— GHP Office Realty, LLC, reported on Oct. 15 it had acquired 28 Kaysal Court in Armonk in an off-market sale. The property is comprised of a 56,000 square foot flex building, on-site backup generator, two loading docks, and close to 200 parking spaces. The property is currently 81% leased to six tenants. The building…
Read MoreMOUNT VERNON—Montefiore Health System announced on Oct. 15th a plan to close Mount Vernon Hospital and replace the storied facility with a new, $41-million health care complex on Sandford Boulevard in Mount Vernon. The project, which will be funded by a grant from New York State, will involve the development of a new, 40,000-square-foot location…
Read MoreRYE BROOK—Houlihan Lawrence Commercial has announced it has been named exclusive leasing agent for a new transit-oriented mixed-use development proposed directly across from the Metro-North train station in Tarrytown. Located at 29 Depot Plaza, the project is comprised for a 20,000-square-foot warehouse that will be renovated into ground-level self-storage and retail space with three stories…
Read MoreNEW YORK—Multinational computer software company Adobe Inc. has signed a 109,296-square-foot lease at 1540 Broadway, a 44-story, Class-A office building in Manhattan. Adobe has renewed its 27,323-square-foot lease on the entire 17th floor and is expanding by an additional 81,972 square-feet of office space on floors 18, 19 and 20. The CBRE team of Mary…
Read MoreNEW YORK—Cushman & Wakefield announced on Oct. 9 that it has been retained on an exclusive basis to market for sale 773 Grote St., a 23,021-square-foot residential development site in an opportunity zone in the Bronx. A Cushman & Wakefield team consisting of Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker and Shayne Soltan will…
Read MoreNEW YORK—RE/MAX reported on Oct. 14 that it is expanding its brand in the New York market by opening its first Manhattan office—RE/MAX 100 at 1412 Broadway in Times Square. The office was launched earlier this month by real estate professional Shovkat Mamedov who, along with her team, will bring RE/MAX’s world-class services to this…
Read MoreRAMAPO—The Jehovah’s Witnesses intend to file development plans for a new 1.5-million-square-foot audio-video production facility to be built two miles away from its 1.6-million-square-foot World Headquarters complex in Warwick. The project was revealed during a special event on Oct. 5th following the annual corporation meeting of the Watch Tower Bible and Tract Society of Pennsylvania.…
Read MoreYONKERS—A $177.3-million waterfront project being developed by New York City-based Rose Associates on Alexander Street here has secured incentives from the Yonkers Industrial Development Agency. The project at 57 Alexander St. that will convert an industrial building into a multifamily complex secured the incentives at the Oct. 2 meeting of the Board of Directors of…
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