NEW WINDSOR, NY—The Port Authority of New York & New Jersey Board of Directors tabled a plan that would have Brooklyn Brewery invest at least $80 million on a new 250,000-square-foot facility on vacant land at the industrial park at Stewart International Airport Industrial Park. The PA Board on Nov. 17th tabled the proposal that…
Read MoreWHITE PLAINS—Westchester County Executive Robert Astorino has proposed a plan to implement a public-private partnership (P3) whereby Oaktree Capital Management, L.P. would manage operations at Westchester County Airport under a 40-year-lease deal. The long-term lease deal, if approved by the Westchester County Board of Legislators, would save taxpayers more than $140 million, improve the overall…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors reports that the National Association of Realtors has approved its proposed merger with the Manhattan Association of Realtors (MANAR). Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, told Real Estate In-Depth that NAR approved the merger deal on Wednesday, Nov. 2. The merger, which becomes effective…
Read MoreALBANY—The proposed $500-million LEGOLAND New York project in Goshen could garner an additional $6.29 million in state funding, bringing the total incentive package through the state’s Consolidated Funding Application (CFA) program to $10.39 million. On Tuesday, Nov. 1, representatives of the Mid-Hudson Regional Economic Development Council presented this year’s proposals for CFA Funding to the…
Read MoreWHITE PLAINS—In his first appearance before the Hudson Gateway Association of Realtors’ Commercial Investment Division, Mount Vernon Mayor Richard Thomas gave an ambitious, but at the same time pragmatic view of the City of Mount Vernon’s future. The mayor spoke before a gathering of approximately 75 CID members and guests at the HGAR offices in…
Read MorePEARL RIVER—A report commissioned by the Rockland Business Association and authored by Hudson Valley Pattern for Progress blames a myriad of issues, including public service salaries, for Rockland County’s high tax burden. The Newburgh-based research and policy organization in a report entitled “A Crushing Burden: Why is Rockland County So Heavily Taxed?” blames high public…
Read MoreA Conversation with County Executive MaryEllen Odell CARMEL—Putnam County’s continued push to foster economic development and tourism continued in 2016 with a host of ambitious initiatives, including the continued improvements at the county-owned Putnam County Golf Course, the redevelopment of the storied Tilly Foster Farm and an initiative with the City of Danbury that could…
Read MoreBREWSTER—For years officials with Laborers Local No. 60 of Hawthorne had to be creative when trying to secure space to train its membership, using other trade union facilities and sometimes even vacant parking lots for classrooms and field training. That was until they found a home in Putman County. Real Estate In-Depth visited Laborers Local…
Read MoreCENTRAL VALLEY—Magnolia Bakery opened late last month at the Woodbury Common Premium Outlet here, becoming the first Magnolia Bakery storefront to debut in the Northeast outside of New York City. The opening comes on the heels of six recent retail store openings at Woodbury Common that include four high-end clothing retailers, a popular watch brand…
Read MoreRYE BROOK—Houlihan Lawrence Commercial reported recently that Michael Rackenberg of Houlihan Lawrence Commercial Group closed on the sale of a Chelsea mixed-use building at 137 West 19th St. Listed by Douglas Elliman and Rand, Westchester-based Houlihan Lawrence Commercial Group brought the buyer who won the property for $10.5 million. With six storieS— first floor retail;…
Read MoreWHITE PLAINS—Chief officials of the Westchester County Association and the mayors of the cities of Mount Vernon, New Rochelle, White Plains and Yonkers announced on Oct. 6 that they have signed a “Smart Cities ComPact” to embrace smart growth initiatives. Tops on their agenda is bringing “Gigabit” broadband to Westchester County. The initiative, estimated to…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors may have a new neighbor if incentives and approvals are granted by New York State, Westchester County and the City of White Plains. Executives from The Dannon Company, Inc. unveiled plans for the possible relocation of the yogurt giant from Greenburgh to more than 100,000 square feet of…
Read MoreYONKERS—Just months after Yonkers Mayor Mike Spano launched the “Rebuild Yonkers Schools” campaign, Gov. Andrew Cuomo on Sept. 30 signed the New York State legislation that will allow the City of Yonkers to start the process to repair and rebuild the school district’s 39 schools. “The governor’s signing of this act signifies our State’s and…
Read MoreYONKERS—The Yonkers Industrial Development Agency has approved incentives for four projects, including perks for AvalonBay Communities’ 609-unit multifamily development to be built on the Hudson River waterfront. The authority also approved incentives for a 74-unit apartment building to be constructed on a long-vacant “hole in the ground” on upper Warburton Avenue; a high-tech company’s build-out…
Read MoreWHITE PLAINS—The long-rumored sale of The Galleria at White Plains mall is finally reality. Pacific Retail Capital Partners of El Segundo, CA has acquired the nearly 900,000-square-foot enclosed mall from Simon Property Group. No purchase price was reported. Pacific Retail announced the purchase on Sept. 19th as one of three regional malls totaling 2.8 million…
Read MorePOUGHKEEPSIE, NY—Vassar Brothers Medical Center, broke ground on Sept. 13 on its historic, nearly half-a-billion-dollar construction project: a 696,000-square-foot patient pavilion. “This is so much more than just a new building,” said Ann McMackin, president of the medical center. “It’s a symbol of the renewed economic growth in Dutchess County and the mid-Hudson Valley and…
Read MoreGOSHEN—The year 1986 holds a special place for some. Ronald Reagan was serving his second term as President of the United States, Oprah Winfrey began her nationally syndicated television show and long-suffering New York Mets fans saw their team from Queens, NY defeat the Boston Red Sox in seven games. However, for those in the…
Read MoreGOSHEN—While Orange County drew snake eyes in its quest to land a casino resort last year, the county is now on the cusp of landing a $500-milion theme park geared to a much different demographic. Merlin Entertainments plc, the owner and operator of the proposed LEGOLAND New York resort and theme park, filed plans with…
Read MoreGREENBURGH—Regeneron Pharmaceuticals, Inc., the fastest growing biotechnology company in the Hudson Valley if not New York State, is moving forward with a phased expansion of its operations that could result in one million square feet of newly developed space in the Town of Greenburgh. Regeneron currently occupies more than one million square feet of leased…
Read MoreNEW CITY—Rand Commercial recently announced it had sold 28 South Franklin St. in Nyack, which will be used as the Rockland County Pride Center. “This is an incredible moment in social justice history,” said Brooke Malloy, executive director of Rockland County Pride. “The Pride Center will be a cornerstone for lesbian, gay, bisexual, and transgender…
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