News

Rockland County Secures Nearly $6 Million in State Funding

December 2017

ALBANY—Rockland County, reversing years of earlier frustration in landing state funding under Gov. Andrew Cuomo’s Consolidated Funding Application competition, took home an impressive $5.8 million in CFA funding in this year’s competition. Rockland County Executive Ed Day said the awards include funds to expand private businesses, revitalize communities and encourage tourism. "This investment in Rockland…

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Latimer Announces First Administration Staff Nominations

December 2017

WHITE PLAINS—Westchester County Executive-Elect George Latimer announced his first key administration appointments and all are very well known and respected in political, business and media circles in the county. Latimer announced on Dec. 19 that he had nominated retiring County Legislator Ken Jenkins to be his Deputy County Executive, former New York State Department of…

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REDC Celebrates 30th Anniversary Honors Four Firms at Annual Meeting

December 2017

SUFFERN—A record crowd of more than 300 business and civic leaders attended the Rockland Economic Development Corp.’s Annual Luncheon on Nov. 3rd at the Crowne Plaza Hotel here. The event, which commemorated the 30th year of operation of the county’s chief economic development agency, also honored a county-based service provider, manufacturer, entrepreneur and transformational company…

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A Conversation with County Executive Ed Day

December 2017

After Bringing County Back From Financial Brink Day Looks to Advance Key Policies in Second Term NEW CITY—The chief focus of Rockland County Executive Ed Day’s first four years in office was to implement governmental and budgetary reform to improve county government operations and put the days when county government was on the brink of…

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County Executive-Elect Latimer Will Review Merits of $1.1B Airport Privatization Deal

December 2017

TARRYTOWN—Westchester County Executive-Elect George Latimer met with county business leaders on Dec. 12th and said that Republicans and Democrats in county government must work together to face new business and political realities. He also said that because the county budget for 2018 has yet to be finalized, he feels somewhat “hamstrung” in trying to implement…

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SPOTLIGHT ON: Realtor of the Year Barry Kramer

December 2017

Barry Kramer, one of the two principal brokers of Westchester Choice Realty Inc. in Scarsdale, has the distinction of being both the HGAR 2017 Realtor of the Year and the 2018 HGAR President. “I didn’t’ think I could be a Realtor of the Year and president at the same time, so I was really surprised,”…

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Local Politicos Criticize Plan, Congress on Tax Reform

December 2017

WHITE PLAINS—In addition to Rockland County Executive Ed Day who recently told Real Estate In-Depth that New York State taxpayers were getting “sandbagged” by the federal tax reform plan, other key state and local leaders also blasted various components of the GOP House and Senate tax reform plans that at press time were being debated…

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RPA Plan Looks to Address Region’s Housing, Infrastructure Needs

December 2017

NEW YORK CITY—The Regional Plan Association in its fourth regional plan says some residents of the New York City metro region are not enjoying the benefits of the robust NYC economy due in large part to the lack of investment in the area’s infrastructure, housing and quality of life. In its 373-page report released on…

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Scott Durkin Named President of Douglas Elliman

December 2017

NEW YORK—Residential brokerage firm Douglas Elliman announced on Dec. 4 it had promoted its chief operating officer, Scott Durkin to president and chief operating officer effective immediately. Durkin, a 30-year real estate veteran and protégée of Barbara Corcoran, joined Douglas Elliman in 2015 as executive vice president of acquisitions and growth. He was promoted to…

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BHG Rand Realty Central Valley Hold Toys for Tots Fundraiser

December 2017

Toys for Tots boxes at the Central Valley office of Better Homes and Gardens Rand Realty are overflowing with support from the brokerage firm’s "Pictures with Santa" fundraiser. Rand officials expressed their gratitude to the local community for its support and offered a “special thank you” to Marines, Lance Corporals Kiley and Kitely, who recently…

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Ginsburg's Scarsdale Retail Condo Trades to Investor for $17M

November 2017

SCARSDALE, NY—Ginsburg Development Companies has sold the retail condominium component of its Christie Place mixed-use project across from the Scarsdale Metro North train station. Knowledgeable sources have informed Real Estate In-Depth that the deal was valued at $17 million. The sale to an unidentified private investor was announced by brokerage firm Holliday Fenoglio Fowler, L.P.,…

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White Plains Hospital Opens New Hospital Expansion

November 2017

WHITE PLAINS— White Plains Hospital unveiled its recently completed addition to its Central Clinical Services operations totaling 20,300 square feet of space at a ribbon-cutting ceremony held on Nov. 20th. The new space at the center of the hospital, from floors three to six, was designed by Perkins Eastman Architects and complements the hospital’s ongoing…

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Project Update: Resorts World Catskills Readies for March 2018 Opening

November 2017

THOMPSON, NY—The tourism industry in the Hudson Valley will likely never be the same in just a few months because in mid-February a new player in the casino gaming industry in the Northeast will arrive—the $1.3 billion Resorts World Catskills casino resort. The first delivery of what will eventually be 2,157 high-tech slot machines arrived…

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Public, Private Institutional Construction Booming in New York City

November 2017

NEW YORK—Public and private institutional construction starts in New York City through the third quarter of this year totaled approximately $4.2 billion, well above the $3.7 billion this sector produced all of last year. Paced by major projects, such as the $1.2-billion Jacob K. Javits Convention Center expansion and other major initiatives, the total for…

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Health Care, Communications, Tech Sectors Key Drivers of Commercial Real Estate Market in Westchester

November 2017

WHITE PLAINS—Tenant demand by health care, technology and communications concerns, particularly along the I-287 corridor, are helping bolster Westchester County’s commercial office market. Commercial brokerage firms Houlihan Lawrence and JLL recently released respective third quarter 2017 market reports for Westchester County. For the most part the two firms agreed on a number of positive prevailing…

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