News

Norwegian to Offer Flights to Ireland, Scotland From Stewart Airport

February 2017

NEW WINDSOR, NY—The word “international” finally means something again at Stewart International Airport. On Feb. 23, Gov. Andrew Cuomo announced a partnership with Norwegian that will have the airline carrier offer low-cost transatlantic flights from Stewart International Airport in Orange County to Belfast, Northern Ireland, Dublin and Shannon in Ireland and Edinburgh, Scotland beginning this…

Read More

Rand Realty Named to Business Council’s 2017 Business Hall of Fame

February 2017

WHITE PLAINS—Business advocacy organization The Business Council of Westchester recently announced its 2017 Business Hall of Fame inductees, including Better Homes and Gardens Rand Realty. Marsha Rand, who founded the real estate brokerage firm 30 years ago, will be accepting the Hall of Fame award for “Entrepreneurial Success.” BH&G Rand Realty is one of six…

Read More

State Lawmakers to Convene Hearing on Indian Point Closure

February 2017

ALBANY—A joint meeting of state lawmakers from the Assembly and Senate will convene a hearing here Tuesday, February 28th at 10 a.m. to discuss and seek answers surrounding the planned shutdown of the Indian Point nuclear reactors in Buchanan by 2021. In January, Gov. Andrew Cuomo announced an agreement with Indian Point operator Entergy Corp.…

Read More

Yonkers Renews its $2 Billion ‘Rebuild Yonkers Schools’ Campaign

February 2017

YONKERS—After securing a partial victory last year in its efforts to have New York State finance most of its planned $2-billion capital program for the Yonkers school district, Yonkers Mayor Mike Spano re-launched the “Rebuild Yonkers Schools” campaign to secure more favorable terms from the State Legislature. Last year, Yonkers was successful in its first…

Read More

Real Estate Execs Push for New Condo Assessments in Ossining

February 2017

OSSINING—Three Westchester County real estate professionals are leading a citizens group called the “Ossining Committee for Fair Taxation” that is looking to have the Town of Ossining, which recently undertook a town-wide property reassessment, ensure that condominiums in the town are assessed at full value, the same as single-family residences and commercial properties. The trio…

Read More

Project Profile: $500M Bellefield at Historic Hyde Park to Harness Region’s Burgeoning Food and Beverage Sector

February 2017

Real Estate In-Depth recently sat down with Mike Oates, managing partner of Bellefield Development Partners, to discuss the firm’s proposed $500-million Bellefield at Historic Hyde Park development, a mixed-use, multi-phased project that hopes to take advantage of and in turn enhance the Hudson Valley’s growing food and beverage industry. The development project is located on…

Read More

County, Feds at Odds Over Housing Monitor

February 2017

WHITE PLAINS—While Westchester County Executive Robert Astorino has been hopeful that with the change in administration in Washington, DC, would perhaps foster better relations between the county, the U.S. Justice Department and the U.S. Department of Housing and Urban Development, initial indications reveal the relationship between at least some the parties remains frosty. Astorino has…

Read More

County Renews, Amends Camp Herrlich Lease

February 2017

CARMEL—Putnam County Executive MaryEllen Odell announced recently that the legislature passed a resolution to amend the county’s lease with Camp Herrlich. Amendments, featuring a guaranteed 20-year lease term, were sought by Camp Herrlich to ensure long-term care of the property and to secure funding for facility improvement and expansion to increase the camp’s capacity. “Camp…

Read More

Brewster Revitalization Project Progresses

February 2017

BREWSTER—Putnam County Executive MaryEllen Odell and Village of Brewster Mayor James Schoenig with Covington Development, LLC, principal, Harold Lepler, recently announced details on the implementation of Phase I of a multiphase Transit Oriented Development project designed to revitalize the Village of Brewster.  The initial construction phase is supported in part by a recently awarded $2-million…

Read More

A.S.A.P. Mortgage Opens Fourth Branch Office

February 2017

  CROTON-ON-HUDSON—Rescheduled a day later due to the snowstorm, officials and staff with A.S.A.P. Mortgage Corp. opened its fourth Westchester County branch location on Friday, Feb. 10. A host of local and county officials were on hand for the festivities to commemorate the opening of the firm’s new location at 125 Grand St. in Croton-on-Hudson.…

Read More

Houlihan Lawrence Commercial Bullish On Office, Multifamily Markets in 2017

February 2017

RYE BROOK—Houlihan Lawrence Commercial Group recently released a report on the commercial real estate and multifamily markets in Southern Westchester County that predicted continued improvement across all sectors. The report, authored by Houlihan Lawrence Commercial’s Teresa Marziano, noted that Manhattan’s influence on the Westchester commercial markets (south of I-287) continues. She said, “Westchester’s commercial real…

Read More

BARRISTER'S BRIEFING: New Department of State Regulatory Changes Affecting Licensees

February 2017

The New York Department of State, which promulgates regulations affecting real estate licensees, recently issued several amendments to existing regulations on Jan. 4, 2017. This article will call attention to those recent amendments and the implications on licensees. To start, there has been a regulatory change to 19 NYCRR §175.1.  That particular amendment is italicized…

Read More

Danone North America Finalizes HQ Move to White Plains

February 2017

WHITE PLAINS—Danone North America announced on Feb. 7 it will be moving forward with a planned relocation of its corporate headquarters from Greenburgh to approximately 100,000 square feet of leased office and retail space at 100 Bloomingdale Road in White Plains. The North American operations of The Danone Co., known for Dannon and Evian yogurt…

Read More

Ginsburg Firm Acquires Downtown White Plains Rental

February 2017

WHITE PLAINS—In the residential development firm’s first entry into the Downtown White Plains market, Ginsburg Development Companies has purchased the 124-unit luxury rental apartment building at 25 Martine Ave. here. The 12-story building, currently known as Halstead White Plains, was purchased by GDC from DSF Group of Boston for $35.25 million. GDC plans to make…

Read More

Merlin Entertainments Proposes Major Road Project to Help Secure Legoland Approval

February 2017

GOSHEN—Merlin Entertainments, the developer of the proposed $500-million LEGOLAND New York project here, has taken a bold step to mitigate one of the major issues tied to the project’s approval. The firm announced on Monday plans to relocate and reconfigure Exit 125 of Route 17 to help alleviate traffic on local roads. The multi-million dollar…

Read More

Bon Secours Inks $180M Deal with Royal Philips

February 2017

VALHALLA—In another example of the tremendous economic engine health care is to the Hudson Valley, Royal Philips and Bon Secours Charity Health System, a member of the Westchester Medical Center Health Network here, recently announced a multi-year, strategic partnership agreement valued at $180 million. The agreement will make Philips solutions available to BSCHS in support…

Read More

Judge Throws Out Legoland Project Opponents Suit

February 2017

GOSHEN—The proposed $500-million LEGOLAND New York resort project has scored a major legal victory with the dismissal of a lawsuit brought by a group of adjacent property owners. New York State Supreme Court Judge Robert A. Onofry dismissed an Article 78 proceeding filed on Dec. 8 by the Concerned Citizens for the Hudson Valley and…

Read More

Commercial Brokers Bullish on Hudson Valley Market in 2017

January 2017

WHITE PLAINS—A record crowd of more than 120 real estate professionals were on hand to hear a rather upbeat view of the Hudson Valley commercial real estate market this year at the Hudson Gateway Association of Realtors’ Commercial Investment Division’s Annual Commercial Broker’s Roundtable held at the HGAR offices in White Plains. CID President John…

Read More

Reaction Mixed to PSC Decision on Suez NY Water Rate Hike

January 2017

NEW CITY—Reaction has been mixed to the decision by the New York State Public Service Commission earlier this week to decrease the requested water rate hike request by Suez New York, Inc. by nearly $1 million over the next three years. Rockland County Executive Ed Day was highly critical of the PSC decision charging that…

Read More