The New York State Commercial Association of REALTORS® Hudson Valley Region recently held a Happy Hour Networking event at The Hudson Room in Peekskill. (from left) Michael Spencer, VP Commercial Lending, TD Bank; Jeffrey Dygert, VP, Commercial Lending, Tompkins Mahopac Bank; and James Walker, Past President, NYSCAR (from left) Sue Ann Foote, Branch Manager,…
Read MorePOUGHKEEPSIE—Topics ranging from crime, unemployment, casino impacts, restructuring local governments, improving the region's urban areas and more are up for discussion when the elected leaders of Dutchess, Orange, Sullivan and Ulster counties join Hudson Valley Pattern for Progress at 7:45 a.m. Wednesday, March 23, at the Poughkeepsie Grand Hotel. The event will feature Dutchess County…
Read MoreWHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. On Wednesday, March 2, a plan to build a $230-million Ambulatory Care Pavilion adjacent to the existing Westchester Medical Center was approved by the Westchester County Local Development Corp. It is the LDC’s largest deal since its official formation in April 2013. The…
Read MoreCHAPPAQUA—A storyline that included a bankruptcy that changed everything, false hopes, staunch opposition, failed votes, litigation and in the end finally compromise ended with the groundbreaking of the controversial Chappaqua Crossing mixed-use project here. The approval process took 11 years to finish to get to the point where shovels went in the ground earlier this…
Read MoreWHITE PLAINS—The impressive growth of the health care sector in Westchester County and the surrounding Hudson Valley continues. Last week, a host of political and business dignitaries were on hand for the official opening of the expanded Center for Cancer Care facility at White Plains Hospital. Chief hospital officials, along with cancer survivor and White…
Read MoreHGAR to Move HQ Offices in April WHITE PLAINS—While the talk of the real estate industry in the Hudson Valley has been the emergence of the multifamily sector as an economic engine driving growth in the Hudson Valley economy, in early 2016 it has been the retail sector that has grabbed the major headlines with…
Read MoreNEWBURGH—John J. Lease Realtors Commercial Division recently announced that it had sold the Newburgh Federal Building, which has been the home of the West End Post Office since 1940. The property traded for $950,000. The Federal Building at 460 Broadway is a landmark location in Newburgh The Federal Building was originally built by the Tarr…
Read MoreWHITE PLAINS—In what can only be described as “saving the best for last,” Hudson Valley commercial real estate brokers predicted the commercial markets will fare very well this year, fueled by increased tenant demand and surging health care and biotech sectors. The roundtable discussion presented by the Hudson Gateway Association of Realtors’ Commercial Investment Division…
Read MoreCARMEL—The Putnam Economic Development Corp. announced earlier this month that it had elected Joseph D. Roberto, president and CEO of PCSB Bank (formerly Putnam County Savings Bank), as its board’s new chairman. In addition, James Bates, Cathy Cassidy, James Copeland, Alana Mikhalevsky and Richard Weiss have joined the board, the PEDC announced. “Joe Roberto has…
Read MoreYONKERS—After a bid to implement a Public-Private Partnership structure to help finance a nearly $2-billion capital program failed some years back, the City of Yonkers is now looking to fund the much needed improvements to its aging school system via more conventional funding methods. The City of Yonkers and the Yonkers Public Schools announced on…
Read MoreGOSHEN—Construction work is now expected to begin in earnest very shortly on the redevelopment of the shuttered Orange County Government Center here. Orange County Executive Steve Neuhaus signed off on more than $52.2 million in contracts for the project. All winning bidders were the low bids for their respective work and will perform their services…
Read MoreWASHINGTON— Despite various global and domestic hurdles hindering economic growth, steady job gains and stable leasing demand should help keep commercial real estate activity expanding in 2016, according to the authors of an annual report published jointly by Situs Real Estate Research Corporation (RERC), Deloitte and the National Association of Realtors. According to the report…
Read MoreWHITE PLAINS– Having successfully executed a strategic leasing program on behalf of ownership, Colliers International announced the signings of several new long-term leases and renewals in excess of 14,000 square feet. The newly renovated, 45,000-square-foot boutique office property located at 12 Water Street is now 100% leased. Senior Managing Director Ian Ceppos and Executive Managing…
Read MoreNEW ROCHELLE—It appears that a major development proposal—the first project to come before the city since a far-reaching rezoning of the downtown district was approved by the City Council in December—will come before the city in the near future. While details are sketchy, a mixed-use high-rise development project is in the works in Downtown New…
Read MoreRYE BROOK—Houlihan Lawrence Commercial Real Estate Group, a division of Houlihan Lawrence, announced recently that veteran commercial real estate broker Garry Klein has been appointed Westchester regional manager. In this role, Klein will work closely with Director Thomas LaPerch in recruiting, marketing and sales operations in Westchester County. Klein has been involved in commercial real…
Read MoreWHITE PLAINS—Houlihan Parnes, Realtors, LLC, founded by Irish immigrant Daniel J. Houlihan in 1891, is celebrating its 125th anniversary this year. The family-owned privately-held company was originally founded as a carpentry and construction business, which evolved into property ownership and development and many related commercial service businesses. The firm is currently managed by James J.…
Read MoreWHITE PLAINS—The ownership of 7 Renaissance Square, a 65,600-square-foot building that is part of the Ritz-Carlton, Westchester complex in Downtown White Plains is under contract to be sold. The building ownership—a joint venture partnership of SL Green Realty and Renaissance Partners, LLC— has agreed to sell the property for a gross sale price of $20.7…
Read MoreWHITE PLAINS—The multifamily sector in Westchester County is getting stronger and the development pipeline for rental units is growing as developers hope to capture Millennials seeking housing in a live-work-play environment. With major projects under construction in White Plains, such as 55 Bank St., and in Yonkers along the Hudson River waterfront, as well as…
Read MoreNEW YORK—As part of an ongoing initiative to promote Westchester County as the “smart spot for business,” Westchester County Executive Robert P. Astorino recently met with a group commercial real estate brokers in Manhattan to tout the many benefits of doing business in Westchester. “I’m here today to tell you that Westchester is open for…
Read MoreWHITE PLAINS—The improving national and local economies are definitely benefitting the Westchester County office market and all signs are pointing to a year of positive absorption and lower vacancy rates. That was the consensus of the participants of a panel comprised of commercial brokers and developers that offered their 2016 prognostications for the Westchester…
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