Commercial

Orange County Takes Back Camp LaGuardia Property

April 2016

CHESTER—Orange County’s attempt to bring new development to the former New York City homeless center grounds at Camp LaGuardia has taken a radical turn. Orange County Executive Steve Neuhaus revealed in his State of the County Address a few weeks ago that he was looking to take control once again of the approximately 260-acre camp…

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HGAR Moves Into New Headquarters

April 2016

WHITE PLAINS—The long awaited move of the Hudson Gateway Association of Realtors from its offices at the soon to be demolished Westchester Pavilion mall to offices down the street at the Source at White Plains complex was completed earlier this month. Boxes were packed and movers and staff completed the office move on Friday, April…

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Mark Your Calendar, HGAR CID on the Road on May 19th

April 2016

The Hudson Gateway Association of Realtors Commercial Investment Division in partnership with the Rockland Economic Development Corp., will be staging an event at the Pearl River property owned by Industrial Realty Group on May 19. California-based IRG purchased a majority of the Pfizer complex late last year. Officials with IRG are expected to brief CID…

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Westchester Library System Signs 14,000 SF Lease Deal in Elmsford

April 2016

ELMSFORD—Keystone Property Group announced recently a long-term 14,316-square-foot lease with the Westchester Library System at 570 Taxter Road in Elmsford. The lease comprises the property’s entire fourth floor and a portion of the first floor. 570 Taxter is a six-story office building located near the intersection of Routes 87 and 287. The full-glass building features…

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CE Touts Biomed, Healthcare and Multifamily Growth in Westchester

April 2016

A Conversation with County Executive Robert Astorino WHITE PLAINS—The prospects for the county’s economy and specifically its commercial real estate market have not been this bright in decades. The county’s biotech and healthcare industries are driving growth and creating new jobs in the construction trades as well as in their respective sectors. Combine that with…

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Struck Named President and CEO of REDC

March 2016

REDC Leader to Appear at CID Event on April 14 PEARL RIVER—As expected, Richard Struck officially got the “interim” removed from his job title. The Board of Directors of Rockland Economic Development Corporation announced on March 29th that Struck was officially appointed its new President and CEO. Struck, a resident of Pearl River, has served…

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Developer Says Westchester Will Benefit From Pricey NYC Office Market

March 2016

WHITE PLAINS—Veteran real estate investor and developer Robert Weisz says Westchester County should benefit from the heady New York City office market in 2016. Weisz, principal of the RPW Group of Rye Brook, hosted approximately 40 commercial brokers at a meeting of the Hudson Gateway Association of Realtors’ Commercial Investment Division at his 1133 Westchester…

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$250 Million Retail Project in Newburgh On Hold - UPDATE

March 2016

NEWBURGH—Here’s a head scratcher, considering the robust commercial real estate market in the US and specifically in the Hudson Valley. A long-delayed, but much anticipated retail project here is on hold, a victim of the changing retail investments market, the ownership tells Real Estate In-Depth exclusively. The $250-million Loop-Hudson Valley project, which had leased more…

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11-Year Saga Finally Ends for Chappaqua Crossing - UPDATE

March 2016

CHAPPAQUA—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…

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$230M Expansion at Westchester Medical Center to Begin in Spring - UPDATE

March 2016

Health Care is the Rx for Hudson Valley Economy   WHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. Recent projects announced or under construction in the Hudson Valley put the healthcare and bioscience sector well in excess of $1 billion in new projects. On Wednesday, March 2, a plan to build…

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Wilder Awarded Leasing, Management Contract at The Source at White Plains

March 2016

WHITE PLAINS—The Wilder Companies, a national retail real estate leasing, management, and development firm, was awarded the leasing and management contract for The Source at White Plains, a specialty shopping center in White Plains. The Source at White Plains is a 250,000-square-foot, four-story shopping center with adjoining parking garage. It currently features Whole Foods Market,…

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Avon to Keep Suffern, Rye Operations

March 2016

NEW YORK—Avon Products Inc., which shed its North American operations in December, announced on March 14 that it plans to relocate its global corporate headquarters from New York City to the United Kingdom. In addition, the company stated it intends to reduce its worldwide workforce by 2,500 employees. The headquarters move and job cuts are…

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Mahopac Mixed-Use Property Trades for $1.8 Million

March 2016

MAHOPAC– Investment sales broker Northeast Private Client Group reported earlier this month the sale of the 16,400-square-foot mixed-use property at 890-908 South Lake Blvd. in Mahopac. Anthony Watkins, a senior associate in the investment real estate firm’s White Plains, office, represented the seller and procured the buyer in the $1.8-million transaction, which closed on Feb.…

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$250 Million Retail Project in Newburgh On Hold

March 2016

NEWBURGH—A long-delayed, but much anticipated retail project here is on hold, a victim of the changing retail investments market, the ownership tells Real Estate In-Depth exclusively. The $250-million Loop-Hudson Valley project, which had leased more than 80% of the planned 650,000-square-foot to 700,000-square-foot project to be built on a 120-acre parcel at the junction of…

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Rockland Economic Development Corporation and Rand Commercial Meet

March 2016

Rand Commercial in New City hosted a breakfast gathering for the Rockland Economic Development Corporation. On the agenda was Lucy Redzeposki the Director of Economic Growth and Tourism, Clarkstown Supervisor George Hoehmann and Matt Rand Managing partner BHGRR/Rand Commercial, as well as REDC Interim President and CEO Richard Struck. In attendance were nearly 30 brokers…

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NYSCAR Hudson Valley Holds Happy Hour Networking in Peekskill

March 2016

  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,…

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Mark Your Calendar: Mid-Hudson County Leaders to Speak At March 23 Patterns Breakfast Panel

March 2016

POUGHKEEPSIE—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…

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$230M Expansion at Westchester Medical Center to Begin in Spring

March 2016

WHITE 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…

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11-Year Saga Finally Ends for Chappaqua Crossing

March 2016

CHAPPAQUA—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…

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