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Westchester Terminates Rye Playland Contract with Standard Amusements

April 2019

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…

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Struggling Luxury Market a Drag on Region’s Home Sales

April 2019

Tale 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…

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Westchester County Association, HVEDC Set to Merge

April 2019

WHITE 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,…

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WCA/HVEDC Event Explored Key NY Health Care Issues

April 2019

TARRYTOWN—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…

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Third Annual Real Estate Summit Set for May 14

April 2019

Mark 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…

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Retail is Alive and Well in the Hudson Valley

April 2019

It’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…

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Mayors Say Natural Gas Moratorium Impact Not as Severe as First Thought

April 2019

WHITE 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…

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Compass Expands Presence in NYC With Stribling Brokerage Deal

April 2019

NEW 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…

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Yonkers IDA Provides Incentives for Four Projects

March 2019

YONKERS—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…

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Rockland County Declares State of Emergency Over Measles Outbreak

March 2019

NEW 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…

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Largest NYC Woman-Owned Caterer is South Bronx Bound

March 2019

NEW 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…

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Resorts World Catskills Casino Resort Posts $139M Net Loss in 2018

March 2019

MONTICELLO—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…

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Robert Martin to Reacquire Most of its Storied Portfolio in $488M Mega Deal

March 2019

ELMSFORD-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,…

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