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…
Read MorePEARL 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…
Read MoreNew 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…
Read MoreWALDEN—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,…
Read MoreTOWN 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…
Read MoreHARRISON—A familiar face is once again at the helm of Friedland Realty Advisors—its founder Bob Friedland. Friedland started the company more than 40 years ago, growing it into a full-service firm with deep expertise across metro New York. Friedland Realty is charting a new course for growth with large investments in new office space, technologies,…
Read MoreARMONK–Cushman & Wakefield announced the sale of the former headquarters of MBIA Inc. at 113 King St. here on May 6th. The two-building Class-A office campus that totals more than 300,000 square feet on 38 acres reportedly sold for $23 million. Cushman & Wakefield represented the seller, MBIA, in the sale to a joint venture…
Read MoreALBANY—Governor Andrew M. Cuomo announced on April 30th the launch of two major economic development programs—the Upstate Revitalization Initiative and Round V of the Regional Economic Development Councils—which kicked off the 2015 competitions for $1.5 billion and up to $750 million in state economic development resources, respectfully. “New York’s Regional Councils have transformed our state’s…
Read MoreGOSHEN—The Orange County Legislature on May 7th passed a supplemental appropriation of $200,000 to the 2015 budget by a 230-1 vote, which will allow planning consultants to be hired to study the potential impact of a controversial proposed 507-acre annexation of land in the Town of Monroe by the Village of Kiryas Joel. “I’m encouraged…
Read MoreVERONA, NY–The 14th annual “New York State Commercial Real Estate Conference” is to be held June 8th through 10th at the Turning Stone Resort and Casino here. This year’s event is presented by The Realtors Commercial Alliance consisting of The New York State Commercial Association of Realtors (NYSCAR) along with The Society of Exchange Counselors…
Read MoreWARWICK— Geoff Green, principal broker and founder of the Green Team Home Selling System, reported that his firm is celebrating 10 years in business. The Green Team Home Selling System, a full service real estate brokerage firm is headquartered at 7 Main St. in the Village of Warwick, which has grown to now have a…
Read MoreMOUNT VERNON– MacQuesten Development LLC and New York State Homes and Community Renewal held a groundbreaking ceremony late last month on a new $31.5-million mixed-use Transit-Oriented Development for downtown Mount Vernon. The Modern, to be built on an underutilized former industrial area, will include 80 affordable rental apartments and approximately 9,400 square feet of commercial,…
Read MoreALBANY—The New York State Legislature passed a $142-billion budget on-time budget on March 30 that includes some controversial education reform, campaign finance reform, as well as enhanced infrastructure spending thanks to $5.4-billion in bank court settlement revenue. For the real estate industry, Gov. Cuomo earmarked some of the one-time bank funds for financing of the…
Read MoreCommunications and Member Services Director of Communications Mary Prenon provided the report from the Communications Council, advising that a new HGAR Member Perks Program has been launched. Enrollment is free and the program provides access to exclusive offers and discounts from popular merchants. Approximately 400 people have already signed up. Prenon further advised that the…
Read MoreWHITE PLAINS—Westchester County government is using the results of a far-reaching survey that revealed the county’s inherent strengths and weaknesses when it comes to attracting and retaining businesses here. While some of the results were far from surprising, the survey did uncover important issues business and civic leaders share, as well as key differences among…
Read MoreWHITE PLAINS—2014 was a banner year for the Westchester County Industrial Development Agency (IDA) and Local Development Corporation (LDC) which provided financing and incentives for 20 projects whose private investment totaled more than $560 million and created or retained more than 4,600 permanent and construction jobs. The 16 IDA projects, which included residential, retail and…
Read MoreAt the recent grand opening of The Rockland County Association for Learning Disabilities, Rand Commercial Services’ Mark Glasel and Paul Adler were given an award for successfully leasing space and coordinating a build out at 345 N. Main Street, New City. The firm represented both the landlord and tenant in the transaction. From left, Glasel,…
Read MoreMIDDLETOWN— Anna Gibbs, CEO/Team Leader for Keller Williams Realty Hudson Valley United, announced earlier this month that the company based in Middletown was launching a commercial sales division. The main segments of this commercial division will include real estate professionals engaged in the following services: office buildings, industrial/warehouse, retail, restaurant, multi-family, land and other miscellaneous…
Read MoreMOUNT KISCO—Houlihan Lawrence Commercial Real Estate Group, a division of Houlihan Lawrence, reported recently it had completed the sale of a 16,500-square-foot property located at 179 East Main Street here. The sale was brokered by Michael Rackenberg of Houlihan Lawrence. Since acquiring the three-story property, the current owner has substantially improved the 5,500-square-foot ground floor…
Read MoreWHITE PLAINS—Westchester County Executive Robert P. Astorino announced on April 14th that Standard Amusements invest $25 million in private money into Playland over the next five years. The designation of the New York City-based firm follows the departure last year of Sustainable Playland, which withdrew from consideration for the project last June. The $25-million investment…
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