Legoland Project Awarded $3 Million ALBANY—The Mid-Hudson Valley region came out the big winner in this year’s Consolidated Funding Awards, netting $83.3 million in state aid that will support 105 economic development/infrastructure projects in the seven-county region. In an announcement on Dec. 9, Gov. Andrew Cuomo awarded a total of $716.9 million in CFA funding…
Read MoreWASHINGTON—Suburban housing markets across the United States are evolving rapidly and overall remain well-positioned to maintain their relevance in the years ahead as the places where most Americans live and work, even as many urban cores and downtown neighborhoods continue to attract new residents and businesses, according to a new publication from the Urban Land…
Read MoreNEW ROCHELLE—A groundbreaking was staged at the long-shuttered Loew’s Theater in New Rochelle on Nov. 30 for a much-anticipated $120-million mixed-use high-rise tower. However, while definitely cause for celebration, city officials and the developer say the event was just the first of what they expect will be a host of new commercial developments that will…
Read MorePEARL RIVER—The Board of Directors of the Rockland Economic Development Corporation has appointed Jeremy L. Schulman as its new President and CEO. Schulman has more than 20 years experience in municipal government and comes to his new post after serving as economic development manager for the City of New Rochelle for more than a decade.…
Read MoreWHITE PLAINS—While business groups have praised Westchester County Executive Robert Astorino’s recent public-private partnership (P3) proposal at Westchester County Airport, the county executive’s proposed $1.8-billion budget is predicated on the Westchester County Board of Legislators approving the plan before the end of this year. In fact, the Board of Legislators has until Dec. 27 to…
Read MoreTOWN OF WALLKILL—While Stewart Airport has made headlines with the recent revelation that Brooklyn Brewery may be building an $80-million facility at the airport grounds in New Windsor, several other major developments at the airport operated by the Port Authority of New York and New Jersey could be in the offing as well. At a…
Read MoreFISHKILL, NY—At a press conference at the warehouse facilities of Gap Inc. here, Gov. Andrew Cuomo announced on Nov. 16th that the retailer has opened its Fishkill distribution center in a new “pop-up” facility allowing more than 1,200 employees to return to work following the devastating fire that destroyed a company warehouse in August. Currently,…
Read MoreGOSHEN, NY– Orange County Executive Steven M. Neuhaus joined Chairman of the Legislature Steve Brescia recently at the Orange County Government Center here for a ceremony to place the final steel beam on top of Division Two of the building. A “topping out” ceremony is a construction tradition that signifies that the highest point of…
Read MoreNEW ROCHELLE—Iona College recently announced plans for a new facility for its AACSB-accredited School of Business, a state-of-the-art academic building that will incorporate part of the existing Hagan Hall while more than doubling the space for classrooms, lectures and faculty offices. Architectural renderings and plans for the new building were shared with the campus community,…
Read MoreNEW 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…
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