PEARL RIVER—Industrial Realty Group announced recently its 1.993 million-square-foot campus of existing office, laboratory, and industrial space in Pearl River, will be known as “New York Center for Innovation.” “The campus is a unique part of the community in Pearl River and we are committed to its next chapter,” said John A. Mase, CEO at…
Read MoreWHITE PLAINS—RPW Group has acquired two office buildings on Westchester Avenue here in a deal valued at $14.75 million. The Rye-Brook-based commercial real estate development and investment firm purchased 925-1025 Westchester Ave. in White Plains. The two Class A office buildings total 192,771 square feet and are currently 65% leased. Commercial brokerage firm CBRE announced…
Read MoreYONKERS—A study that began last November on the future of the Empire City Casino property here has resulted in a sales agreement valued at $850 million. The deal, which is expected to close in less than 12 months, will put an end to 46 years of the Rooney family owning the iconic casino and harness…
Read MoreWHITE PLAINS—Consistent with his campaign position on the privatization plan put forward by previous County Executive Robert Astorino, Westchester County Executive George Latimer has begun a process to revisit whether privatizing Westchester County Airport is such a good idea. The announcement of a study of the Westchester County Airport proposal comes weeks after the Latimer…
Read MoreWHITE PLAINS—Officials with Purchase College-State University of New York briefed officials with the Westchester County Local Development Corp. at its session on April 26 on plans to build a $320-million Senior Learning Community on a 40-acre tract on the campus. The Westchester LDC is performing due diligence on the college’s proposal to have the LDC…
Read MoreWHITE PLAINS—Avison Young’s New York Capital Markets Group reports it has arranged a $120.3-million financing package for the acquisition and redevelopment of the Westchester Financial Center, a 571,000-square-foot office complex located at 50 Main St/ and 1-11 Martine Ave. in White Plains. The buyers, a joint venture comprising Ginsburg Development Companies, LLC and Robert Martin…
Read MoreGOSHEN—Metro-North President Catherine Rinaldi spoke before a gathering of the Orange County Citizens Foundation on May 9th at the Harness Racing Museum here and detailed planned improvements to the Port Jervis Line and issues impacting West of Hudson rail service. Rinaldi updated attendees on the status of the West of Hudson Regional Transit Access Study,…
Read MoreCENTRAL VALLEY— Desigual, a clothing brand headquartered in Barcelona, Spain, and Zimmerman, a luxury Australian fashion company, are among five retailers that have opened stores at Woodbury Common Premium Outlets, the outlet center announced earlier this month. In addition, Scotch & Soda, a Dutch youth fashion company, Club Monaco, which offers chic and stylish men…
Read MoreMOUNT PLEASANT—GHP Office Realty, LLC reported earlier this month it had closed on its acquisition of the 115-117 Stevens Ave. complex in Mount Pleasant. The complex is comprised of two Class A office buildings totaling 182,630 square feet. 115 Stevens Avenue is a three-story office building consisting of 130,630 rentable square feet with a parking…
Read MoreRYE BROOK—Filling a pressing need for comprehensive, in-depth data on Westchester County, The Business Council of Westchester unveiled on May 8th the BCW Data Exchange. The free, user-friendly, online portal will for the first time provide businesses, non-profits and the public with key data about Westchester all in one place. Demographics, data on workforce, housing,…
Read MoreWHITE PLAINS—A critical report citing breaches and potential significant liabilities to be borne by taxpayers has caused Westchester County Executive George Latimer to explore the county’s options on either renegotiating or perhaps terminating its contract with Standard Amusements, LLC to operate Rye Playland. Westchester County Executive Latimer, who was highly critical of the 30-year public-private…
Read MoreALBANY—Empire State Development announced on April 26 that Dr. Donald P. Christian, president of the State University of New York at New Paltz, was appointed co-chair of the Mid-Hudson Regional Economic Development Council. Dr. Christian replaces Dr. Dennis J. Murray, Marist College President Emeritus, who has served as MHREDC co-chair since the Council’s inception in…
Read MoreWEST HARRISON—Officials with Houston-based private aviation company Million Air said at a recent press briefing that the firm is nearing completion on its $80-million expansion project at Westchester County Airport here. Company executives were joined by county and municipal officials to open its new state-of-the-art 52,000-square-foot hanger at the airport at a ceremony on May…
Read MoreMIDDLETOWN—A rebuff by the Town Board of Hamptonburgh has Orange County political leaders and economic development officials scrambling to save a mega-warehouse project valued at $100 million. Medline, a health care distribution company based in Middletown, had hoped to build a 1.2-million-square-foot warehouse project in the Town of Hamptonburgh. However, members of the Town Board…
Read MoreTalk about great timing! Newly appointed MTA Metro-North President Catherine Rinaldi will likely be asked what she thinks about a recently released proposal by the Regional Plan Association, pegged at $71.4- billion, to merge the MTA’s Metro-North, Long Island Rail Road and New Jersey Transit rail lines. The merged regional commuter rail network, named the…
Read MoreWHITE PLAINS—A storied building that has been a staple for nearly a century in Downtown White Plains is being put on the market for sale. The YMCA of Central and Northern Westchester has decided to put the White Plains YMCA complex on Mamaroneck Ave. on the market for sale. Officials with the YMCA said that…
Read MoreNEW ROCHELLE—Louis Cappelli, the developer of New Roc City and Trump Plaza in New Rochelle, has returned to the City of New Rochelle. Executives of the Cappelli Organization joined with New Rochelle city officials on April 25th for the groundbreaking of The Standard, a new 14-story residential building located on the site of the former…
Read MoreHudson Valley Visionary Conference Richard Haggerty, HGAR CEO Marist College Executive Vice President Geoffrey L. Brackett Larry Gottlieb, Hudson Valley Economic Development Corp., CEO From lef, Barry Kramer, HGAR President; Richard Haggert, HGAR CEO; Tim Smith, regional vice president, Crown Castle Fiber; Sara Jones-Maturo, President, RM Friedland; Robert Weisz, CEO, RPW Group; Larry Gottlieb, Hudson…
Read MoreReal Estate In-Depth recently sat down with Laurence P. Gottlieb, president and CEO of the Hudson Valley Economic Development Corporation based in Goshen, to discuss the key strengths of the Hudson Valley region in advance of the “Hudson Valley Visionaries: A Look into the Future of Commercial Real Estate” conference on April 12. The conference…
Read MoreNEW YORK—In its second major real estate event in April, the Hudson Gateway Association of Realtors hosted a panel discussion focused on Westchester County at the 10th annual New York City Real Estate Expo held on April 18 at the New York Hilton Midtown. The afternoon program entitled “Westchester—Opportunity Knocks” was moderated by Westchester County…
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