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…
Read MoreYONKERS—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…
Read MoreWHITE 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…
Read MorePOUGHKEEPSIE, 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…
Read MoreGOSHEN—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…
Read MoreGOSHEN—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…
Read MoreGREENBURGH—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…
Read MoreNEW 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…
Read MoreHARRISON—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…
Read MoreDOVER, 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…
Read MoreYONKERS—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…
Read MorePOUGHKEEPSIE—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…
Read MoreThe 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…
Read MoreWHITE 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…
Read MoreRYE BROOK—Metropolitan Transportation Authority Chairman and CEO Thomas Prendergast admitted that the New York City mass transit system had fallen behind in terms of repairing and upgrading its infrastructure as well as implementing the latest technology to ensure the safety of its passengers. However, with a $29.5-billion five-year capital program now in place, the agency…
Read MoreYONKERS—Transit Oriented Development was the focus of an exclusive brokers tour of residential projects under construction near Metro-North train stations in Downtown Yonkers last month. More than 30 commercial and residential brokers were on hand for the tour conducted by the city’s Department of Planning & Development. Projects on the tour included River Tides at…
Read MoreGOSHEN—Will the Mid-Hudson Valley region in the next few years be home to not only a $1-billion casino resort in Sullivan County, but a $500-million LEGOLAND New York theme park and resort in Orange County? The approval process that will play itself out over the next six months or so will determine whether the Town…
Read MoreMOUNT KISCO— Regus, a major provider of flexible workspace, has signed a 14,896-square-foot office lease at 100 South Bedford Road in Mount Kisco. The new lease represents Regus’ eighth office location in Westchester County. The shared office space provider currently operates over 140,000 square feet of office space throughout Westchester County. David Block of CBRE…
Read MoreMOUNT VERNON—The Atlantic Development Group, LLC and To Better Days Construction held a topping out celebration on June 30th for their 203 Gramatan Ave. mixed-use project, the first of three major Atlantic Development projects in Downtown Mount Vernon. 203 Gramatan Avenue is a $40-million ground-up quality workforce housing development that includes 159 units of workforce…
Read MoreMOUNT KISCO—A two-story commercial building at 149-157 East Main St. in the heart of Downtown Mount Kisco has been sold in a transaction valued at $4,425,000. The sale represents the relative stability of the Mount Kisco market since the deal marks the first time in 30 years the building has traded. Longtime owner 330 Realty…
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