Commercial

Baby Boomers Still a Major Force in Hudson Valley

August 2015

NEW PALTZ— Labor expert Dr. Paul Harrington of Drexel University contends that the major economic driver of the Hudson Valley is still the Baby Boomers and not the Millennial generation as many economists and business experts would have you believe. Dr. Harington, the keynote speaker at the Hudson Valley Economic Development Corp.’s second State of…

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Hudson Valley Sees Explosive Growth in Food and Beverage Industry

August 2015

In recent years, the Hudson Valley region has seen substantial growth in its food and beverage industry. Perhaps what was once the region’s best-kept secret, the Hudson Valley’s food and beverage industry has experienced continuous expansion in size, popularity and recognition. This widespread development has been demonstrated in its craft breweries, distilleries, cider mills and…

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$300M Mixed-Use Project in Port Chester Advances

August 2015

PORT CHESTER—Starwood Capital Group of Greenwich, CT officially began the public review process last month on its ambitious $300-million redevelopment plan for the long shuttered United Hospital property here. The project entered the public review process on July 20 after Port Chester’s Board of Trustees voted to accept as complete the Draft Environmental Impact Statement…

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Butterfield Project in Cold Spring Breaks Ground

July 2015

COLD SPRING– Putnam County Executive MaryEllen Odell and other elected officials and participated in the groundbreaking ceremony of the Butterfield redevelopment project and the dedication of the Roger Ailes Senior Center on July 8 in Cold Spring. The Roger Ailes Senior Center will be a senior friendship and nutrition center, run by the Putnam County…

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Lt. Governor Touts Policies for Rebuilding State’s Economy

July 2015

RYE BROOK—More than 100 members and guests of The Business Council of Westchester were on hand June 30 for an exclusive address by New York Lt. Gov. Kathleen Hochul who told the audience how Governor Andrew Cuomo is rebuilding the state’s economy by adding jobs, luring businesses to stay in the Empire State and controlling…

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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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