ALBANY—Tarrytown-based Regeneron Pharmaceuticals Inc. is at it again, but this time in the Capital District. The state’s largest biotechnology company is planning to spend $800 million to expand its research and lab facilities upstate outside of Albany. The company’s capital plans were announced on Tuesday by Gov. Andrew Cuomo, who reported that the state’s Empire…
Read MoreNEW ROCHELLE—Westchester Residential Opportunities will honor HGAR’s 2017 President Dorothy Botsoe at its gala set for Wednesday, Oct. 10 from 6 pm. to 9:30 p.m. at the VIP Country Club in New Rochelle. Botsoe is the principal broker of Dorothy Jensen Realty, Inc. in White Plains. Last year, Botsoe became the first black president in…
Read MoreTARRYTOWN—Long-suffering commuters will soon get the full benefits of the new Tappan Zee Bridge, now known as the Governor Mario M. Cuomo Bridge. In fact, the ride could get much better by this Saturday. Gov. Andrew Cuomo announced on Tuesday that the second span of the Governor Mario M. Cuomo Bridge will open this Saturday,…
Read MoreYONKERS—New York City developer Extell’s proposed $502-million mixed-use waterfront project here has received approximately $21.3 million in incentives from the Yonkers Industrial Development Agency. Yonkers IDA officials stated that the incentives granted to Extell is the largest package of incentives offered by the authority in its history. The Yonkers IDA conveyed the perks to Extell…
Read MoreGOSHEN—Orange County Executive Steven Neuhaus has confirmed rumors that have been circulating for months that Great Wolf Resorts, Inc. is considering building a major indoor water park resort in southern Orange County. Neuhaus, in a prepared release on Aug. 29, stated that the Madison, WI-based hospitality firm is considering a “handful” of potential sites in…
Read MoreOSSINING—The Ossining Children’s Center has unveiled a nearly $17-millon development plan that calls for the construction of a new 27,000-square-foot building that will enable the center to consolidate its programs under one roof. Located at 32 State St. in Downtown Ossining, the planned building would replace operations currently housed at two 120-year-old buildings OCC owns…
Read MoreWHITE PLAINS—A protracted regulatory and legal battle that has lasted more than seven years to redevelop the former Ridgeway Country Club in White Plains by the French American School of New York may be finally over. On Aug. 24, New York State Supreme Court Judge Joan Lefkowitz rejected two separate legal challenges filed by…
Read MoreWASHINGTON—American financial and lending systems look vastly different nearly a decade after the defining moments of the Great Recession, thanks in part to safe and sound lending and regulatory policy reforms, strongly supported by the National Association of Realtors. Today, home prices are at or approaching record highs in many markets, and mortgage default and…
Read MoreWASHINGTON—The U.S. Department of Housing and Urban Development announced on Friday it had filed a formal civil complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. HUD officials also reported on Friday that the U.S. Attorney for the Southern…
Read MoreWHITE PLAINS—Numbers don’t lie and the latest statistics prove beyond a shadow of a doubt that tourism is a major revenue producer for Westchester County. Tourists have flocked to Westchester to enjoy the Long Island Sound and the Hudson River. They also come to the county to hike its mountains, tour its museums and ride…
Read MoreWHITE PLAINS—Officials with the Latimer Administration say they plan to be engaged with the business community and other stakeholders to pivot the county’s economic development efforts to the needs of both small and large businesses in Westchester. Since taking office in January, the county’s Office of Economic Development and its Industrial Development Agency and Local…
Read MoreWHITE PLAINS—In an exclusive interview with Real Estate In-Depth, Westchester County Executive George Latimer said he is hopeful that issues can be addressed in the next few months to allow a bi-partisan co-op disclosure bill to come before him for signature. County Executive Latimer, while not taking sides in the debate, noted that Realtors and…
Read MoreCE Discusses Economic Development, Co-Op Bill, Budget Deficit WHITE PLAINS— Real Estate In-Depth recently sat down with Westchester County Executive George Latimer at his offices in White Plains to discuss his views on some of the critical issues he faces in his first term of office. Latimer, a third generation Westchester native, was born on…
Read MoreVALHALLA—As part of it efforts to enhance county government support of small business, Westchester County staged its first “Incubator Summit” on Aug. 2 at Westchester Community College. The well-attended event featured presentations by county government officials, as well as approximately 40 representatives of the business, education and investment communities who discussed the merits of incubators…
Read MoreWHITE PLAINS—As a follow-up to recent public hearings on a variety of issues at the Westchester County Airport, County Executive George Latimer said at a press conference on Aug. 13 that any potential new privatization plan would be up to the County Board of Legislators to review. Latimer, while not shelving a more than $1-billion…
Read MoreWHITE PLAINS—Westchester residential brokerage executives and industry analysts responding to multiple trade press reports of a troubled Westchester housing market caused by the impacts of the cap on state and local taxes, hit back saying demand is still high and prices are rising. Relying on the second quarter home sales market statistics released by the…
Read MoreNEWBURGH—The City of Newburgh filed suit on Aug. 6 in the United States District Court for the Southern District of New York seeking to halt on-going contamination of the city’s water supply by cancer causing per- and polyfluoralkyl substances (PFAS) originating at Stewart Air National Guard Base and Stewart International Airport, now operating as New…
Read MoreWAWAYNADA, NY—The decision by the New York State Department of Environmental Conservation last week to deny a critical air quality permit had all but shut down operations at the fledgling and controversial CPV Valley Energy Center here until a state judge a day later allowed the plant to continue operations, at least for now. Knowledgeable…
Read MoreWHITE PLAINS—In a move that could eventually free up federal housing funding to county municipalities after being frozen for eight years due to the county’s fair housing battle with the U.S. Department of Housing and Urban Development, Westchester County Executive George Latimer has re-established the Westchester Urban County Consortium. The new consortium is comprised of…
Read MoreWASHINGTON—On July 31, President Donald Trump signed into law the “National Flood Insurance Program Extension Act of 2018” (S. 1182), which reauthorizes the Federal Emergency Management Agency to enter into new contracts for flood insurance through Nov. 30, 2018. The President’s action came after the U.S. Senate passed the short-term flood extension measure by an…
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