Commercial

Mount Kisco Building Trades for $4.4 Million

July 2016

MOUNT KISCO—A two-story commercial building at 149-157 East Main St. in the heart of Downtown Mount Kisco has been sold in a transaction valued at $4,425,000. The sale represents the relative stability of the Mount Kisco market since the deal marks the first time in 30 years the building has traded.  Longtime owner 330 Realty…

Read More

Orange County Tourism Opens New Office

July 2016

GOSHEN—Orange County Executive Steven M. Neuhaus and other county and municipal officials participated in a ceremonial ribbon cutting on July 6th to celebrate the grand-opening of Orange County’s Tourism Office. Neuhaus was joined at the event by Deputy County Executive Wayne Booth, Director of Operations Harry Porr, Orange County Tourism Director Susan Hawvermale, County Clerk…

Read More

Warby Parker to Open New Optical Lab in Rockland County

July 2016

SLOATSBURG—New York Gov. Andrew M. Cuomo announced recently that Warby Parker, which produces its own line of affordable designer eyewear, will create 128 jobs over the next five years in a new 34,000-square-foot optical lab in Sloatsburg. Outfitted for the assembly of glasses and the finishing of prescription lenses, this is the first optical lab…

Read More

Putnam County Executive Odell Tells CID ‘Better Days are Ahead’

June 2016

MAHOPAC—Putnam County Executive MaryEllen Odell says the county needs to expand its commercial base by securing additional sewer capacity, and also must attract and retain Millennials, as well as encourage ongoing initiatives like “Envision Brewster” and the redevelopment of Tilly Foster Farm. Odell was the keynote speaker at the annual breakfast of the Putnam County…

Read More

Rockland County Exec. Looks to Cut Costs Over Delayed Building Sale

June 2016

NEW CITY—Rockland County Executive Ed Day announced on June 20th a series of emergency financial measures, including a hiring freeze, that will be put in place to address a potential $4-million budget shortfall caused by the County Legislature's failure to move forward with the sale of the Sain Building here. "We are facing a $4-million…

Read More

BOMA Honors Keystone Property Group For Upgrades at Westchester Properties

June 2016

TARRYTOWN—In recognition of its role in the economic growth of Westchester County, Keystone Property Group has been recognized with the Building Owners and Managers Association (BOMA) of Westchester County’s prestigious “Hall of Honor” award. Bestowed during the organization’s May 21 gala awards dinner in Tarrytown’s Abigail Kirsch at Tappan Hill, the award was accepted by…

Read More

Simone Announces Five New Leases At Boyce Thompson Center in Yonkers

June 2016

YONKERS—Simone Development Companies reported recently the signing of five new leases totaling approximately 10,800 square of medical, restaurant and retail space at the Boyce Thompson Center, a new 85,000-square-foot mixed-use center under construction in Yonkers. Gastroenterology of Westchester LLC and Juvanni MedSpa & Anti-Aging Center and Primary Medical Care have signed leases of 4,812 square…

Read More

Orange County Partnership Honors Wallkill as its Most Valuable Partner

June 2016

The Orange County Partnership honored The Town of Wallkill and its Supervisor Dan Depew as its 2016 Most Valuable Partner at a breakfast held at Villa Penzia in Middletown on June 2 that was attended by approximately 400 people. The town was honored for its creation of the “Medical Mile” along East Main Street and…

Read More

$500M Legoland Project Unveiled in Goshen

June 2016

GOSHEN—Merlin Entertainments PLC made its first presentation of its $500-million LEGOLAND New York theme park on June 14th to the Goshen Town Board and hundreds of local residents, politicians and members of the building trades. Merlin Entertainments PLC, the world’s second largest visitor attraction operator, will file plans with the Town of Goshen on Thursday,…

Read More

CID Gets Update on IRG’s Plans For Pearl River Office Campus

June 2016

PEARL RIVER—The Hudson Gateway Association of Realtors Commercial Investment Division was once again updated on the latest developments at the Industrial Realty Group’s campus here. Major takeaways from the May 19th session held at the property included a new lease deal with a Harlem-based technology start-up and that IRG is currently “master planning” the possible…

Read More

Putnam County Executive Odell to Speak To Chamber, CID At June 23rd Meeting

June 2016

MAHOPAC—The Putnam County Chambers of Commerce, the Hudson Gateway Association of Realtors’ Commercial Investment Division and the New York State Commercial Association of Realtors have scheduled a “Year of Business Development” breakfast on June 23rd at the Putman County Golf Course here. Putnam County Executive MaryEllen Odell will be the keynote speaker at the event…

Read More

Camp LaGuardia Complex Availability Passes Key Vote

June 2016

GOSHEN—The Orange County Legislature voted on June 2 by an overwhelming 19-2 margin to appropriate $1.2 million to the Orange County’s Real Property office to free up the 260-acre Camp LaGuardia property for future development. “I’m pleased that the Legislature voted to take action that will help put Camp LaGuardia back on the tax rolls,”…

Read More

Target Deal in Yonkers Helps Fill Westchester’s $17M Budget Gap

June 2016

YONKERS—A more than 30-year effort to develop a parcel of land adjacent to the New York State Thruway has finally come to an end. A deal reached last week between the City of Yonkers, Westchester County, its respective Industrial Development Agencies and the developer will facilitate the construction of a new 175,000-square-foot Target store at…

Read More

Legoland Confirms Plans for Orange County Amusement Park

May 2016

GOSHEN—Legoland has confirmed that it intends to submit plans for a major amusement park in the Town of Goshen in Orange County, Real Estate In-Depth has learned exclusively. A spokesperson for Merlin Entertainments plc, the owner and operator of Legoland amusement parks, confirmed what sources have been telling Real Estate In-Depth and other media outlets…

Read More

Two Large HQ Lease Deals Signed in Westchester

May 2016

CHAPPAQUA—Who says there are no significant corporate headquarters lease deals in Westchester County? In late May, two firms signed lease transactions at properties in Chappaqua at the storied former Reader’s Digest headquarters building here as well as at the Exchange in White Plains. Brokerage firm Colliers International Group Inc. reported it arranged a long-term, 15,000-square-foot…

Read More

Houlihan Lawrence Commercial Markets $100M Hong Kong Property for Maryknoll Missionaries

May 2016

RYE BROOK—Thomas LaPerch believes that the international listing of Maryknoll Missionaries stately Stanley Hilltop waterfront property in Hong Kong will raise Houlihan Lawrence Commercial Group’s standing in the commercial brokerage sector to a new level. LaPerch, director and associate broker with Houlihan Lawrence Commercial Group, told Real Estate In-Depth in late April that the Stanley…

Read More

GM Redevelopment Finally Breaks Ground

May 2016

SLEEPY HOLLOW—In what Village of Sleepy Hollow Mayor Ken Wray described as simply “a defining moment for our village, a real turning point” and a break with its industrial past, the developers of The Edge-on-Hudson, a planned more than $1-billion mixed-use development, broke ground on the former site of the General Motors assembly plant here.…

Read More

IBM Plans to Vacate, Sell Somers Campus

May 2016

SOMERS—IBM is planning to relocate its workforce at its Somers complex to North Castle by the spring of 2017 and put that multi-building 1.2-million-square-foot complex on more than 700 acres on the market for sale. The company plans to also undertake capital improvements to modernize its original corporate headquarters building of approximately 420,000 square feet…

Read More

Orange County IDA Approves Incentives For Controversial Matrix Project

May 2016

NEW WINDSOR—The third time was the charm for Matrix Development Group to secure more than $10 million in incentives for its major distribution project in the Town of Newburgh. The project was granted the incentives despite the objections of the local building trades who charged that the project continues to violate the Orange County Industrial…

Read More

PUTNAM POSTING: Latest CFA Process Stresses Downtown Development, Community Involvement

May 2016

Through the New York State Consolidated Funding Application (CFA), a single application for multiple sources of state funding, New York State is soliciting grant applications for projects that advance the priorities of the Regional Economic Development Councils (REDC). Governor Andrew Cuomo has emphasized infrastructure in his budget message and a CFA priority this year seems…

Read More