WHITE PLAINS—A few months after it signed an agreement to acquire the troubled Westchester Pavilion mall here and redevelop the site into a major mixed-use complex, the Florida-based developer of the project appeared before the City of White Plains earlier this month for site plan approval. William Null, an attorney with White Plains-based law firm…
Read MoreSCARSDALE—The Berkshire Hathaway franchise entered the Westchester County residential real estate brokerage marketplace in a big way recently with the acquisition of two well-known Westchester County brokerage firms—the now former Prudential Centennial Realty in Scarsdale and Tri-Crest Realty, Inc. of nearby Eastchester. Berkshire Hathaway HomeServices New England Properties announced the acquisition of Prudential Centennial Realty,…
Read MoreWHITE PLAINS—Strong buyer demand in the second quarter fueled a substantial increase in home sales in the four-county Hudson Gateway Association of Realtors market area, particularly in Orange County. The home sales recovery continued in the region with the only caveat being that home sale prices struggled in most counties in the region over the…
Read MoreMAHOPAC—Putnam County Executive MaryEllen Odell said her administration continues to make headway into bringing new development to the “County of Main Streets.” Odell, the keynote speaker at the June 25th meeting of the Commercial Investment Division of the Hudson Gateway Association of Realtors, said she is bullish on the future of the county. She also…
Read MoreWHITE 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 MoreALBANY—About 40 members of the Hudson Gateway Association of Realtors traveled to Albany by bus or car on June 9 to lobby state legislators on key legislation impacting the real estate industry. The legislative session was marred by the recent indictments of two of the most powerful state politicians—Assembly Speaker Sheldon Silver and State Senate…
Read MoreWHITE PLAINS—LCOR Inc., the developer of the proposed mixed-use 55 Bank St. project near the White Plains train station, said recently that the Berwyn, PA-based firm hopes to break ground in May on the $250-million venture. James Driscoll, senior vice president of LCOR, said that financing was being finalized for the project that will feature…
Read MoreWHITE PLAINS—In what appears to be an escalating battle between the court appointed Housing Monitor James Johnson and the Astorino administration, Johnson has charged that the county is in violation and in possible contempt of the terms of the 2009 federal fair housing case settlement. If found in contempt, the county could be subject…
Read MoreWHITE PLAINS—Urstadt Biddle Properties Inc. of Greenwich, CT, the owner of the Westchester Pavilion shopping center here, has confirmed that it has signed a contract to sell the property to a subsidiary of homebuilder Lennar Corp. of Miami. The deal, first reported in the March edition of Real Estate In-Depth, will facilitate the redevelopment of…
Read MoreWHITE PLAINS—For the second year in a row, a harsh winter that featured significant snow, extreme cold and on many days biting winds kept many prospective homebuyers bundled up next to the fireplace and away from Realtor Open Houses. Despite the long winter of 2014-2015, homes sales in the four-county region of the Hudson Gateway…
Read MoreNEWBURGH—A car dealer that had planned to build a $10-million Cadillac dealership here has reportedly scrapped the project in reaction to criticism raised by Orange County Executive Steve Neuhaus and the Town of Newburgh over incentives granted to the project by the Orange County Industrial Development Agency. The Orange County IDA reported on March 17…
Read MoreWHITE PLAINS—White Plains Hospital, which has been expanding its growing operations on the small footprint of its White Plains campus, has signed a major lease deal just outside the campus at an office building slated for redevelopment. White Plains Hospital has leased the entire 50,000-square-foot 101 East Post Road office building, which at one time…
Read MoreWHITE PLAINS—The Westchester Pavilion shopping center, the current headquarters of the Hudson Gateway Association of Realtors, is under contract to be sold by Urstadt Biddle Properties Inc. to Lennar Multifamily Communities, LLC of Herndon, VA. Lennar, a subsidiary of Miami-based Lennar Corp., is proposing to demolish the 185,000-square-foot shopping center to make way for a…
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