Commercial

Vernon Hills Shopping Center in Eastchester Trades for $125 Million

November 6, 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 30, 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 25, 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 23, 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 23, 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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GHP Office Realty Acquires Armonk Building

October 17, 2019

ARMONK— 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…

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Montefiore to Close Mount Vernon Hospital; Build New $41M Complex on Sanford Blvd.

October 17, 2019

MOUNT 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…

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Houlihan Lawrence Named Exclusive Agent for TOD Project in Tarrytown

October 16, 2019

RYE 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…

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Adobe Signs Major Lease Renewal, Expansion

October 16, 2019

NEW 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…

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Cushman & Wakefield Named Agent For OZ Development Site in the Bronx

October 16, 2019

NEW 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…

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RE/MAX Opens First Office in Manhattan

October 16, 2019

NEW 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…

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Jehovah’s Witnesses Propose 1.5 Million-Square-Foot Production Complex in Ramapo, Tuxedo

October 9, 2019

RAMAPO—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.…

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$177M Yonkers Project Lands IDA Incentives

October 7, 2019

YONKERS—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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Megalith Capital Cuts Ribbon on Printhouse Mixed-Use Project in Downtown New Rochelle

October 7, 2019

NEW ROCHELLE—Developer Megalith Capital Management joined New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Commissioner of Development Luiz Aragon and other city officials for a ribbon-cutting ceremony on Oct. 4 to mark the grand opening of the firm’s The Printhouse project. The six-story, 71-unit luxury mixed-use Printhouse development is located at 165…

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Gottlieb to Helm Robert Martin’s New Life Sciences/Health Tech Initiative

October 2, 2019

ELMSFORD—The Robert Martin Company LLC, which boasts a suburban office, flex and retail portfolio of more than 6 million square feet, announced on Oct. 2 it is expanding its operations to service the life sciences/health tech industry. Leading the effort will be Laurence Gottlieb, who was named managing director, Life Sciences and Health Technologies. Gottlieb…

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LEGOLAND New York Resort to Open on July 4, 2020

October 2, 2019

GOSHEN—While construction continues in earnest at the property and on a new adjacent exit on Route 17 here, LEGOLAND New York announced on Oct. 2 that it will stage its grand opening celebration on July 4, 2020. “The Fourth of July means family,” said LEGOLAND New York Public Relations Manager Matt Besterman, “and at LEGOLAND…

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Houlihan Lawrence Commercial’s LaPerch Joins HVEDC Advisory Board

September 25, 2019

POUGHKEEPSIE—The Hudson Valley Economic Development Corp. has announced that Tom LaPerch, commercial director with Houlihan Lawrence Real Estate of Rye Brook, has joined its Advisory Board. LaPerch, a 30-year real estate professional with additional expertise in marketing and government land planning, serves as commercial director for Houlihan Lawrence out of the company’s Rye Brook office.…

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HomeGoods Property in Mount Kisco Sells for $6.8M in 1031 Exchange Deal

September 25, 2019

MOUNT KISCO—The HomeGoods retail property at 3 East Main St. here has been sold in a 1031 exchange transaction valued at $6.8 million. The deal for the 24,834-square-foot building on 1.24 acres was reported by tech brokerage and trading platform firm B+E of New York City. The property was sold by The Kempner Corp. of…

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