WHITE PLAINS—The former home of the Hudson Gateway Association of Realtors—the Westchester Pavilion Mall—has changed hands and is expected to be demolished shortly for a new high-rise mixed-use development. Greenwich, CT-based Urstadt Biddle Properties sold the vacant existing 185,000-square-foot Westchester Pavilion mall to Maple and Broadway Holdings, LLC, a subsidiary of Lennar Corp. through its…
Read MoreRYE BROOK— Houlihan Lawrence Commercial Group, the commercial arm of leading real estate firm Houlihan Lawrence, reported on Feb. 28th that it expanded operations into Connecticut. Agent Michael Rackenberg has been named the team leader for the office that will service the communities throughout Fairfield County, including New Canaan, Greenwich and Stamford. He will be…
Read MoreALBANY—Gov. Andrew Cuomo announced the formation of an Indian Point Closure Task Force the same day as a joint meeting of committees of the State Assembly and Senate convened on the business and economic impacts the planned closure of the nuclear facility in Buchanan might have on the state and local economies. The newly formed…
Read MoreWOODBURY—Gov. Andrew Cuomo made a stop at the New York State Thruway Authority Harriman Maintenance facility in Orange County on Feb. 26th to tout his expedited $150-million reconstruction of the Route 17 Exit 131 and adjacent New York State Thruway Harriman exit. The first dirt on the long-delayed project, which will greatly improve traffic to…
Read MoreNEW WINDSOR—The word “international” finally means something again at Stewart International Airport. On Feb. 23, Gov. Andrew Cuomo announced a partnership with Norwegian that will have the airline carrier offer low-cost transatlantic flights from Stewart International Airport in Orange County to Belfast, Northern Ireland, Dublin and Shannon in Ireland and Edinburgh, Scotland beginning this June.…
Read MoreALBANY—A joint meeting of state lawmakers from the Assembly and Senate will convene a hearing here Tuesday, February 28th at 10 a.m. to discuss and seek answers surrounding the planned shutdown of the Indian Point nuclear reactors in Buchanan by 2021. In January, Gov. Andrew Cuomo announced an agreement with Indian Point operator Entergy Corp.…
Read MoreYONKERS—After securing a partial victory last year in its efforts to have New York State finance most of its planned $2-billion capital program for the Yonkers school district, Yonkers Mayor Mike Spano re-launched the “Rebuild Yonkers Schools” campaign to secure more favorable terms from the State Legislature. Last year, Yonkers was successful in its first…
Read MoreMORRIS PLAINS, NJ—James Sousa has been promoted to president of Weichert Commercial Brokerage, Inc., and he will assume responsibility for delivering the company’s overall strategy to serve the needs of commercial real estate clients and customers, the brokerage firm announced on Jan. 30. “We are extremely proud to promote Jim to this esteemed position on…
Read MoreWHITE PLAINS—The Westchester’s Industrial Development Agency issued preliminary approved incentives for two rental apartment projects—Hudson Steppe and Maple House Apartments—in Ossining with a total private investment of $118.25 million. The incentives were granted at the IDA’s Jan. 26th Board meeting held at the County Office Building in White Plains. The developments will create approximately 240…
Read MoreRYE BROOK—Houlihan Lawrence Commercial Group recently released a report on the commercial real estate and multifamily markets in Southern Westchester County that predicted continued improvement across all sectors. The report, authored by Houlihan Lawrence Commercial’s Teresa Marziano, noted that Manhattan’s influence on the Westchester commercial markets (south of I-287) continues. She said, “Westchester’s commercial real…
Read MoreWHITE PLAINS—Danone North America announced on Feb. 7 it will be moving forward with a planned relocation of its corporate headquarters from Greenburgh to approximately 100,000 square feet of leased office and retail space at 100 Bloomingdale Road in White Plains. The North American operations of The Danone Co., known for Dannon and Evian yogurt…
Read MoreGOSHEN—Merlin Entertainments, the developer of the proposed $500-million LEGOLAND New York project here, has taken a bold step to mitigate one of the major issues tied to the project’s approval. The firm announced on Monday plans to relocate and reconfigure Exit 125 of Route 17 to help alleviate traffic on local roads. The multi-million dollar…
Read MoreVALHALLA—In another example of the tremendous economic engine health care is to the Hudson Valley, Royal Philips and Bon Secours Charity Health System, a member of the Westchester Medical Center Health Network here, recently announced a multi-year, strategic partnership agreement valued at $180 million. The agreement will make Philips solutions available to BSCHS in support…
Read MoreGOSHEN—The proposed $500-million LEGOLAND New York resort project has scored a major legal victory with the dismissal of a lawsuit brought by a group of adjacent property owners. New York State Supreme Court Judge Robert A. Onofry dismissed an Article 78 proceeding filed on Dec. 8 by the Concerned Citizens for the Hudson Valley and…
Read MoreWHITE PLAINS—A record crowd of more than 120 real estate professionals were on hand to hear a rather upbeat view of the Hudson Valley commercial real estate market this year at the Hudson Gateway Association of Realtors’ Commercial Investment Division’s Annual Commercial Broker’s Roundtable held at the HGAR offices in White Plains. CID President John…
Read MoreNEW CITY—Reaction has been mixed to the decision by the New York State Public Service Commission earlier this week to decrease the requested water rate hike request by Suez New York, Inc. by nearly $1 million over the next three years. Rockland County Executive Ed Day was highly critical of the PSC decision charging that…
Read MoreNEW WINDSOR—The Orange County Partnership recently recognized Angry Orchard Cider Company, Woodbury Common Premium Outlets and Matrix Development Group at its 30th Anniversary Annual Event held recently at Anthony’s Pier 9 in New Windsor. Maureen Halahan, president and CEO of the Orange County Partnership stated, “As we celebrate 30 years of economic development and growth,…
Read MoreWHITE PLAINS—New York Life Insurance Company has announced that it will relocate its Westchester office to Westchester One, located at 44 South Broadway in White Plains. The company has leased several floors of the building, approximately 150,000 square feet, and is expected to bring more than 500 new employees to the city. The move, announced…
Read MoreCENTRAL VALLEY—Perrin Paris, the French luxury leather accessory brand, and Yves Salomon, the Paris-based furrier, are among six retailers that opened in December at Woodbury Common Premium Outlets here. In addition, six stores reopened after remodeling their interiors as part of the recent multi-million dollar redevelopment at Woodbury Common. These include luxury designers Saint Laurent,…
Read MoreNEWBURGH– Remarkable achievement in regional commercial real estate was acknowledged at the recent prestigious “Dealmaker” awards and mixer. The event was presented by the Hudson Valley chapter of NYSCAR (New York State Commercial Association of Realtors), network of commercial real estate professionals. The Motorcyclepedia Museum in Newburgh was the host of the second annual awards…
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