Commercial

Striving to Improve the County’s Fiscal Outlook and Quality of Life

October 25, 2016

A Conversation with County Executive MaryEllen Odell CARMEL—Putnam County’s continued push to foster economic development and tourism continued in 2016 with a host of ambitious initiatives, including the continued improvements at the county-owned Putnam County Golf Course, the redevelopment of the storied Tilly Foster Farm and an initiative with the City of Danbury that could…

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Trades Union Buys Putnam County Property for Training Center

October 24, 2016

BREWSTER—For years officials with Laborers Local No. 60 of Hawthorne had to be creative when trying to secure space to train its membership, using other trade union facilities and sometimes even vacant parking lots for classrooms and field training. That was until they found a home in Putman County. Real Estate In-Depth visited Laborers Local…

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Magnolia Bakery and Six Retailers Open At Woodbury Common Premium Outlets

October 18, 2016

CENTRAL VALLEY—Magnolia Bakery opened late last month at the Woodbury Common Premium Outlet here, becoming the first Magnolia Bakery storefront to debut in the Northeast outside of New York City. The opening comes on the heels of six recent retail store openings at Woodbury Common that include four high-end clothing retailers, a popular watch brand…

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Houlihan Lawrence Commercial Group Brokers NYC and Mount Vernon Deals

October 18, 2016

RYE BROOK—Houlihan Lawrence Commercial reported recently that Michael Rackenberg of Houlihan Lawrence Commercial Group closed on the sale of a Chelsea mixed-use building at 137 West 19th St. Listed by Douglas Elliman and Rand, Westchester-based Houlihan Lawrence Commercial Group brought the buyer who won the property for $10.5 million. With six storieS— first floor retail;…

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WCA, County’s Major Cities Partner on Gigabit Broadband

October 11, 2016

WHITE PLAINS—Chief officials of the Westchester County Association and the mayors of the cities of Mount Vernon, New Rochelle, White Plains and Yonkers announced on Oct. 6 that they have signed a “Smart Cities ComPact” to embrace smart growth initiatives. Tops on their agenda is bringing “Gigabit” broadband to Westchester County. The initiative, estimated to…

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Dannon Unveils Headquarters Plans in White Plains

October 11, 2016

WHITE PLAINS—The Hudson Gateway Association of Realtors may have a new neighbor if incentives and approvals are granted by New York State, Westchester County and the City of White Plains. Executives from The Dannon Company, Inc. unveiled plans for the possible relocation of the yogurt giant from Greenburgh to more than 100,000 square feet of…

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Gov. Cuomo Signs $2 Billion Yonkers School Construction Bill

October 5, 2016

YONKERS—Just months after Yonkers Mayor Mike Spano launched the “Rebuild Yonkers Schools” campaign, Gov. Andrew Cuomo on Sept. 30 signed the New York State legislation that will allow the City of Yonkers to start the process to repair and rebuild the school district’s 39 schools. “The governor’s signing of this act signifies our State’s and…

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Yonkers IDA Approves Incentives For AvalonBay Multifamily Project

October 4, 2016

YONKERS—The Yonkers Industrial Development Agency has approved incentives for four projects, including perks for AvalonBay Communities’ 609-unit multifamily development to be built on the Hudson River waterfront. The authority also approved incentives for a 74-unit apartment building to be constructed on a long-vacant “hole in the ground” on upper Warburton Avenue; a high-tech company’s build-out…

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Los Angeles Investor Buys Galleria at White Plains Mall

September 23, 2016

WHITE PLAINS—The long-rumored sale of The Galleria at White Plains mall is finally reality. Pacific Retail Capital Partners of El Segundo, CA has acquired the nearly 900,000-square-foot enclosed mall from Simon Property Group. No purchase price was reported. Pacific Retail announced the purchase on Sept. 19th as one of three regional malls totaling 2.8 million…

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Construction Begins on $466M Patient Pavilion At Vassar Brothers Medical Center in Dutchess

September 21, 2016

POUGHKEEPSIE, NY—Vassar Brothers Medical Center, broke ground on Sept. 13 on its historic, nearly half-a-billion-dollar construction project: a 696,000-square-foot patient pavilion. “This is so much more than just a new building,” said Ann McMackin, president of the medical center. “It’s a symbol of the renewed economic growth in Dutchess County and the mid-Hudson Valley and…

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Orange County Partnership Celebrates 30th Anniversary

September 16, 2016

GOSHEN—The year 1986 holds a special place for some. Ronald Reagan was serving his second term as President of the United States, Oprah Winfrey began her nationally syndicated television show and long-suffering New York Mets fans saw their team from Queens, NY defeat the Boston Red Sox in seven games. However, for those in the…

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Legoland Looks to Develop $500M Theme Park in Goshen

September 16, 2016

GOSHEN—While Orange County drew snake eyes in its quest to land a casino resort last year, the county is now on the cusp of landing a $500-milion theme park geared to a much different demographic. Merlin Entertainments plc, the owner and operator of the proposed LEGOLAND New York resort and theme park, filed plans with…

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Regeneron Plans 1 Million-Square-Foot Expansion

September 14, 2016

GREENBURGH—Regeneron Pharmaceuticals, Inc., the fastest growing biotechnology company in the Hudson Valley if not New York State, is moving forward with a phased expansion of its operations that could result in one million square feet of newly developed space in the Town of Greenburgh. Regeneron currently occupies more than one million square feet of leased…

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Nyack Building to be Transformed Into Rockland County Pride Center

September 14, 2016

NEW CITY—Rand Commercial recently announced it had sold 28 South Franklin St. in Nyack, which will be used as the Rockland County Pride Center. “This is an incredible moment in social justice history,” said Brooke Malloy, executive director of Rockland County Pride. “The Pride Center will be a cornerstone for lesbian, gay, bisexual, and transgender…

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Harrison Approves Multi-Family Plan At Site of Two Vacant Office Buildings

September 13, 2016

HARRISON—The adaptive reuse on former office properties along the Platinum Mile in Westchester County now includes residential development. Normandy Real Estate Partners, announced that the Town of Harrison Town Board recently approved an important “first” for the Platinum Mile of the Interstate 287 (Cross Westchester Expressway) corridor by voting to approve a Special Exception Use…

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$1B Dover Energy Project Gets Major Investment Funding

August 31, 2016

DOVER, NY—The long-delayed Cricket Valley electric generating plant to be built in Dutchess County has secured a major investment from funds managed by New York City-based BlackRock. Also, a chief executive with the developer of the $1-billion project in Dover said the firm hopes to close on financing for the energy project in the fourth…

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Chicken Island Brewing on Tap For Yonkers Waterfront Property

August 24, 2016

YONKERS—J. Philip Commercial Group Brokerage of Westchester County announced earlier this month the completed sale of 72 Alexander St. in the City of Yonkers for $1.25 million. The Fondak Family, new owners of the property, plan to convert the more than 10,000-square-foot industrial warehouse facility into a beer distribution center and taphouse tasting room. With…

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NYC Investment Group Acquires Mid Hudson Center in Poughkeepsie

August 22, 2016

POUGHKEEPSIE—A major shopping center on Route 9 here has changed hands. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented the seller in the sale of the Mid Hudson Center in Poughkeepsie for $27.5 million. The team was also responsible for procuring the buyer, TFS Investment Group, directed by Avrohom Schlaff…

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Health Care, Education Sectors Creating Thousands of New Jobs

August 22, 2016

The health care and education sectors have been key drivers of new jobs in the Hudson Valley region the past few years and all indications are that they will continue to fuel economic growth in the years to come. The health care industry, particularly, has been especially active with major investments and partnerships undertaken recently…

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HGAR Cuts Ribbon on New Corporate Headquarters Offices

July 21, 2016

WHITE PLAINS—The Hudson Gateway Association of Realtors, celebrating its 100th anniversary this year, opened its new offices in Downtown White Plains that the organization hopes will serve as its corporate headquarters for decades to come. On Monday, July 18th, chief officials with the Hudson Gateway Association of Realtors, including HGAR President Marcene Hedayati, HGMLS President…

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