WHITE PLAINS—Westchester County notified Standard Amusements, LLC, which was scheduled to take over operation of the storied Rye Playland amusement park in November, that it was terminating the 30-year lease agreement reached in mid-2016. Late last month, Westchester County Executive George Latimer reported he had reached the decision to terminate the Rye Playland 30-year lease…
Read MoreNEW YORK CITY—Con Edison has proposed a major project that could bring sufficient natural gas to sections of Westchester County impacted by the utility’s moratorium imposed last month. The only problem is the remedy won’t be online for four-and-a-half years at the earliest. Utility Con Edison reported on April 24 that it reached an agreement…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation reported recently that a total of $30,417 was raised at its "Runway for Hope" Fashion Show held on April 4 at Glen Island Harbour Club in New Rochelle. The event featured fashions by Lord & Taylor in Eastchester and were modeled by HGAR Realtors. Established in 2003 and relaunched…
Read MoreTale of Two Markets WHITE PLAINS—Home sales activity in the Hudson Valley in the first quarter of 2019 was mixed, with Rockland County leading the way with a 7.1% increase in overall sales, while Westchester, Putnam and Sullivan counties posted sales volume declines of 3.5%, 13% and 14.5% respectively. Orange County also posted a sales…
Read MoreWHITE PLAINS—The Westchester County Association and the Hudson Valley Economic Development Corp. shocked the region’s business community in late January when they announced their intent to merge. The WCA, which has been a leading business advocacy organization and the HVEDC, which is the regional economic development agency for the Hudson Valley region, including Westchester, Rockland,…
Read MoreTARRYTOWN—The Westchester County Association and Hudson Valley Economic Development Corporation held its “All Access Healthcare: Inside the Key Issues Facing New York State” event on April 3 at the Doubletree Hotel in Tarrytown to discuss important issues that impact the region’s hospital and healthcare system, and the direct impacts of those issues on the local…
Read MoreMark Your Calendars: TARRYTOWN—The Third Annual Real Estate Summit to be held on May 14 will cover a host of issues, including a close look at the transformational projects shaping the Hudson Valley’s future and lessons to be learned from the failed Amazon deal in New York City. The event at the Westchester Marriott will…
Read MoreIt’s 10:00 pm on a rainy Tuesday night, but you feel like shopping. So, you just pop open your laptop and start ordering everything from new home décor to sporting goods, and maybe even some jumper cables for the car. And all around the globe, millions of other people are doing the same thing. Is…
Read MoreWHITE PLAINS—The mayors of White Plains and New Rochelle agree that the impacts thus far from the natural gas connection moratorium imposed by utility Con Edison on March 15 has not been severe. White Plains Mayor Thomas Roach and New Rochelle Mayor Noam Bramson agreed that real estate developers are attempting to adapt to the…
Read MoreNEW YORK CITY—Real estate brokerage and technology firm Compass has expanded its presence here with the purchase of the Stribling luxury residential brokerage firm, adding more than 300 agents and 50 employees to its New York City operations. Stribling, which was founded in 1980 by chairman and founder Elizabeth F. Stribling, operates three locations in…
Read MoreOrange County is one of the fastest-growing counties in New York State and, for more than a decade, we have been seeing a boom in economic activity. But we’ve reached a fork in the road. We must invest in our infrastructure and expand the Route 17 corridor to ensure our quality of life and economic…
Read MoreALBANY—Gov. Andrew Cuomo and the State Legislature reached an agreement over the weekend on a $175.5-billion FY 2020 state budget that makes the 2% property tax cap permanent and enacts a number of revenue raisers, including congestion pricing for sections of Manhattan, for the beleaguered Metropolitan Transportation Authority to fund capital upgrades to New York…
Read MoreRYE BROOK—Custom merchandising design and development firm POP Displays USA LLC, which is based on Tuckahoe Road in Yonkers, will be relocating its corporate headquarters from Yonkers to George Comfort & Sons, Inc.’s Kingsbrook office complex here within the next three months. POP Displays, which is currently headquartered at 555 Tuckahoe Road in Yonkers, has…
Read MoreYONKERS—The Yonkers Industrial Development Agency reported on March 25 it had approved four projects for incentives that will create 100 new housing units and finance the purchase and rehabilitation of a 301-unit apartment building in the city. The four developments amount to approximately $108.3 million in private investment and will create 156 construction jobs and…
Read MoreNEW CITY—At a press conference on March 26, Rockland County Executive Ed Day declared a county-wide State of Emergency relating to the ongoing measles outbreak that went into effective at midnight, Wednesday, March 27. The state of emergency bars anyone under 18 years of age and unvaccinated against the measles from public places until the…
Read MoreNEW YORK—City and state officials announced on March 18 that Great Performances, the city’s largest woman-owned catering and food services firm, will be relocating operations from Hudson Street in New York City to the South Bronx. Gov. Andrew M. Cuomo announced that as part of the relocation, Great Performances will create 181 new jobs and…
Read MoreWHITE PLAINS—The day business, political and real estate leaders have dreaded has arrived—on March 15 most of Westchester County was included in a new natural gas connection moratorium imposed by utility Con Edison. Amid charges by many that the moratorium will delay and perhaps kill billions of dollars in new development projects and thousands of…
Read MoreMONTICELLO—The old gaming adage: “The House always wins,” doesn’t apply yet to the Hudson Valley’s only full-licensed casino gaming resort. The $1.2-billion Resorts World Catskills Casino Resort lost nearly $139 million last year and a total of $185 million in the last two years. According to a 10K filing with the Securities and Exchange Commission…
Read MoreELMSFORD-Robert Martin Co., one of the pioneer commercial office real estate development firms in Westchester County, has confirmed plans to reacquire approximately 95% of the portfolio it developed here and in Fairfield County, CT and sold more than two decades ago in a deal valued at $487.5 million. Industry observers say the deal, if finalized,…
Read MoreALBANY—New York State Comptroller Thomas DiNapoli released a report earlier this month that showed foreclosures in New York State are on the decline and court filings are in nearly 50% below near peak levels posted six years ago. Mortgage foreclosure filings across New York dropped 46% between 2013 and 2018, from 46,696 to 25,334, according…
Read More