Commercial

Phoenix House Academy Property in Shrub Oak On Market For Sale

July 2015

SHRUB OAK—Phoenix House Foundation will market for sale its Phoenix House Academy in Westchester. The expansive 140-acre campus is set within the hamlet of Shrub Oak in the Town of Yorktown. Phoenix House announced the decision to market the property earlier this month. The main building is a five-story, 270,000 square foot former seminary and…

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U.S. Commercial Real Estate Maintains Strong Momentum

July 2015

LOS ANGELES, CA—The U.S. commercial real estate market continued to exhibit strong momentum across all property types in the second quarter of 2015, according to the latest analysis from CBRE Group, Inc. released on July 13. During the second quarter the office vacancy rate dropped 40 basis points to 13.5%, now at its lowest point…

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Cappelli Builds New Park Downtown White Plains

July 2015

WHITE PLAINS—Louis Cappelli, president of the Cappelli Organization, joined with White Plains Mayor Thomas Roach, members of the White Plains Common Council and the Rev. Richard A. Kunz, rector of Grace Church, earlier this month to celebrate the dedication of a new park built by Cappelli in the heart downtown White Plains. The 11,000-square foot…

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New Canaan, CT Firm Joins Houlihan Lawrence

July 2015

RYE BROOK—Houlihan Lawrence announced on July 14 that Brotherhood & Higley will join the firm as an independently-owned affiliate. Brotherhood & Higley is New Canaan’s oldest real estate brokerage, serving the New Canaan community since 1926. As a Houlihan Lawrence affiliate, Brotherhood & Higley will now operate as Houlihan Lawrence, providing its team of more…

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New Hotel Branded as Time Hotel Nyack

July 2015

NYACK—Début Hotel Group, Hampshire Hotels Management’s collection of lifestyle hotel brands, announced late last month the signing of an agreement with boutique development house WY Group for the newly constructed 133-room Time Hotel Nyack, located at 400 High Ave. here. Expected to open this fall and built in an industrial loft style within a former…

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Simone Breaks Ground on Boyce Thompson Redevelopment

June 2015

YONKERS—Yonkers city officials and Simone Development Companies broke ground on the $35-million redevelopment of the long shuttered former Boyce Thompson Institute property in Northwest Yonkers. The redevelopment will transform the storied property into a modern 85,000-square-foot mixed-used complex. Joseph Simone, president of Simone Development Companies, revealed at the June 10th groundbreaking event that St. John’s…

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Business Council Relocates to 800 Westchester Ave.

June 2015

RYE BROOK—More than 250 members of the business community turned out recently for The Business Council of Westchester’s grand opening at its new address at 800 Westchester Ave. here. In celebrating the move to the 800 Westchester Ave. property, The Business Council also unveiled its new logo, branding and strategic initiatives aimed at helping members…

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Yonkers IDA Looks to Preserve Jobs at Malotz Nursing Facility

June 2015

YONKERS— The Yonkers Industrial Development Agency approved on May 19th the initial steps to preserve 240 jobs and 120 patient beds at the Michael Malotz skilled nursing facility, which is being sold by St. John’s Riverside Hospital due to ongoing financial losses. “St. John’s made it clear they could not continue to operate the nursing…

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Pace U. Puts Briarcliff Campus, Office Condo on Market

June 2015

WHITE PLAINS—Pace University, which is undertaking a $100-million redevelopment of its Pleasantville campus in Westchester County, has put its 37-acre Briarcliff Manor campus and its 82,000-square-foot office condominium in Downtown White Plains on the market for sale. Pace, which has its main campus in Manhattan and houses its Law School on a campus on North…

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GE Breaks Ground on Solar Installation for President Container

June 2015

MIDDLETOWN—General Electric’s renewable energy business announced on May 29 that it would supply President Container Group, a manufacturer of corrugated shipping containers and point-of-purchase displays, with a new 2 MW ground-mounted solar installation outside its factory in Middletown, NY. The GE solar solution is expected to provide approximately 25% of PCG’s future energy needs. The…

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Orange Regional Begins Construction Work On $99M Office Building and Cancer Center

June 2015

MIDDLETOWN—Orange Regional Medical Center has begun construction on a new 153,000 square foot, five-story medical office building and a 26,000 square foot, single-story cancer center at the hospital’s main campus. When completed in the fall of 2016, the $99-million project will help relocate many outpatient services currently provided at other off-campus locations into new, state-of-the-art…

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$466M Hospital Project Proposed in Poughkeepsie

June 2015

POUGHKEEPSIE—Vassar Brothers Medical Center has announced it plans to build a new $466-million, 696,000-square-foot, seven-level inpatient pavilion at its hospital campus off of Route 9 here. A certificate of need has been filed with the New York State Department of Health. Contingent upon DOH’s expected approval by the end of this year, hospital officials state…

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Day Tells HGAR Rockland Economy Is Improving, But Not Out of the Woods

June 2015

WEST NYACK—Rockland County Executive Ed Day told members of the Hudson Gateway Association of Realtors’ Commercial Investment Division that Rockland County’s finances, which were on the brink of default when he took office, are improving thanks to new management practices and other cost-cutting programs initiated since he took office last year. Day revealed to CID…

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Rye Playland Revitalization Finally Wins Approval

June 2015

WHITE PLAINS—A little over a year since the Astorino administration’s preferred bidder withdrew its proposal to revitalize Rye Playland, Standard Amusements secured the unanimous approval to launch a $25-million redevelopment of the storied amusement park, By a vote of 17-0, the Westchester County Board of Legislators on June 15th approved Westchester County Executive Robert P.…

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Ivy Realty Acquires White Plains Plaza Office Towers

June 2015

WHITE PLAINS—After failing to secure the office tower properties more than a decade ago, Ivy Realty of Greenwich, CT has recently acquired the 725,000-square-foot White Plains Plaza office complex here in a distressed sale. White Plains Plaza consists of two 15-story office buildings at One North Broadway and 445 Hamilton Ave. that adjoin Ivy’s 275…

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IRG Looks to Acquire Pfizer Campus in Pearl River

June 2015

PEARL RIVER, NY—Progress is being made on the sale of one of the two pharmaceutical corporate campuses on the market in Rockland County. While a sale could close by late summer on a portion of the Pfizer complex in Pearl River in a sale and partial leaseback transaction, little progress has been made to find…

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Small Business Regulatory Watch Launched To Warn of Government-Created Pitfalls

May 2015

New York State Senator Terrence P. Murphy, chairman of the State Administrative Rules and Regulations Commission, has established a small business regulatory watch to make fellow small business owners (he owns two) aware of rules that can adversely affect them. This was in response to New York consistently being ranked 49th on the Tax Foundation’s…

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Angry Orchard Coming To Orange County

May 2015

WALDEN—Angry Orchard announced on April 23 a new home for research and development at a historic apple orchard in Walden. The cider makers at Angry Orchard have been exploring different apple varieties and crafting ciders for 20 years, and are looking forward to greatly expanding that experimentation and driving innovation at their own 60-acre orchard,…

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Piller USA to Build New Wallkill Facility

May 2015

TOWN OF WALLKILL—The Orange County Partnership reported recently that Piller USA, Inc. plans to construct a new 24,000 square foot light industrial/office headquarters facility on Wes Warren Drive in the Town of Wallkill. Piller USA, Inc. has an existing workforce of 77 employees, with 40 employees based at its Middletown headquarters. Piller has more than…

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