Commercial

Survey: Millennials Lead All Recent Buyers

March 2015

WASHINGTON—Despite the economic and financial challenges young adults have braved since the recession, the millennial generation represented the largest share of recent buyers, according to the 2015 National Association of Realtors Home Buyer and Seller Generational Trends study released earlier this month. The survey additionally found that an overwhelming majority of buyers search for homes…

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Tech Talk: How to Optimize Your Windows Computer

March 2015

Do you know what the abbreviation “IoT” commonly stands for these days? If so, I congratulate and award you with a virtual gold star. If not, I want you to know (and remember) that “IoT” is the abbreviation for the term “Internet of Things” What does the term “Internet of Things” actually mean? Ugh, I…

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Dollar General To Build Montgomery Store

March 2015

MONTGOMERY—John J. Lease Realtors reported that Dollar General will be building a 9,100-square-foot store on 2.6 acres in Montgomery on Route 17K. Land was purchased from Priscilla Haber for $175,000. She was represented by local real estate Associate Broker, Louise M. DiChiaro of John J. Lease Realtors. The store will be providing jobs for approximately…

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Ossining Seeks Developer for Historic Building on Main Street

March 2015

OSSINING—The Village of Ossining announced earlier this month it is seeking a qualified developer to collaborate with the village in the renovation and re-use of a National Register-listed historic building located at the intersection of Main Street and Route 9. A request for proposals has been issued for the village-owned property at 200 Main St.,…

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The Business Council Moves HQ to 800 Westchester Ave. Building

March 2015

RYE BROOK—The Business Council of Westchester reported recently it had moved its headquarters from Corporate Park Drive in White Plains to 800 Westchester Ave. in Rye Brook where it is leasing approximately 4,400 square feet of office space. “We are very excited to have our new headquarters at one of Westchester’s finest office buildings. The…

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Cottle Named Manager of NGKF’s Westchester/Fairfield Offices

March 2015

GREENWICH, CT—Michael Cottle has joined Newmark Grubb Knight Frank as executive vice president and manager of the Fairfield County, CT, and Westchester County, offices, bringing 25 years of institutional and asset management experience covering 10 million square feet and $1.4 billon in capitalization to assist NGKF brokers in the market. In this newly created role,…

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Guest Opinion: Just the Facts About PILOTs

March 2015

Let’s set the record straight regarding Payments in Lieu of Taxes (PILOTs) in Orange County.  PILOTs actually ease the tax burden on every taxpayer and school district in our county. Without PILOTs we would be left with open unused fields, less taxes and no jobs.  Large companies interested in expanding in Orange County have the…

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Spotlight on: A Commercial ‘Foodie’ In the Making

March 2015

John Lavelle, Associate Broker with R.J. Smith Realty in Pine Bush, has had his hand in some delicious deals throughout the Hudson Valley. He recently finished working on a deal to bring United Natural Foods Inc. to Orange County. The natural foods wholesaler supplies food products to high-end grocery stores like Whole Foods, and is…

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Women’s Council of Realtors Present Benefit Concert Featuring Original Stars of ‘Jersey Boys’ on Broadway

March 2015

TARRYTOWN—On Thursday, April 9th, The Women’s Council of Realtors, Empire Westchester Chapter will present” The Midtown Men In Concert” at the Tarrytown Music Hall in Tarrytown. The concert will benefit the Wounded Warrior Project, which serves military service members, veterans, and their families who suffered physical or mental injuries or illness during their military service…

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GM Plant Developer Briefs HGAR’s Commercial Brokers

March 2015

WHITE PLAINS—A chief official with the joint venture partnership of Diversified Realty Advisors, LLC and SunCal that will be undertaking the massive redevelopment of the former General Motors minivan assembly plant site in Sleepy Hollow briefed more than 30 members of HGAR’s Commercial Investment Division on Feb. 19 on the status of the project. General…

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Car Dealer Abandons $10-Million Project After IDA-Neuhaus Spar Over Incentives

March 2015

NEWBURGH—A car dealer that had planned to build a $10-million Cadillac dealership here has reportedly scrapped the project in reaction to criticism raised by Orange County Executive Steve Neuhaus and the Town of Newburgh over incentives granted to the project by the Orange County Industrial Development Agency. The Orange County IDA reported on March 17…

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Westchester Pavilion Mall to be Sold To Make Way for $275-Million Project

March 2015

WHITE PLAINS—The Westchester Pavilion shopping center, the current headquarters of the Hudson Gateway Association of Realtors, is under contract to be sold by Urstadt Biddle Properties Inc. to Lennar Multifamily Communities, LLC of Herndon, VA. Lennar, a subsidiary of Miami-based Lennar Corp., is proposing to demolish the 185,000-square-foot shopping center to make way for a…

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