News

$1.2B North 60 Bioscience Center Project Now Before Town of Mount Pleasant for Approval

April 2019

VALHALLA—After securing key approvals from the County of Westchester in January, Fareri Associate’s planned $1.2-billion mixed-use bioscience park to be developed on 60 acres of the Grasslands Campus here has now progressed to the municipal approval stage. The concept of building a bioscience, technology and lifestyle campus on mostly county-owned property in Valhalla has been…

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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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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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Fordham/BCW Session to Explore Opportunity Zones

March 2019

RYE BROOK—The Fordham Real Estate Institute and The Business Council of Westchester are co-sponsoring an event on Friday, April 5 entitled “Behind the Headlines—What Opportunity Zones Really Mean for Westchester Real Estate.” The breakfast panel will be held from 8 a.m. to 10:30 a.m. at 800 Westchester Avenue in Rye Brook. “Opportunity Zones are being…

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State Senator Skoufis Probe Targets Slumlords in Major Cities

March 2019

NEWBURGH—New York Senator James Skoufis (D-39), chairman of the New York State Senate Committee on Investigations and Government Operations, announced on March 8 at a press conference in the City of Newburgh the launch of an investigation into housing conditions and code enforcement outside of New York City. His investigations unit is specifically examining the…

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M & J Wilkow and MetLife Investment Acquire Port Chester Shopping Center

March 2019

PORT CHESTER—M & J Wilkow announced recently that the company, along with MetLife Investment Management on behalf of its clients, acquired the 493,459-square-foot Port Chester Shopping Center. Port Chester Shopping Center is strategically positioned at the intersection of highways I-287 and I-95, the two main highway systems connecting the Western and Northern suburban communities of…

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Women's Council of Realtors Hosts a ‘Heart Healthy’ Event

March 2019

MOUNT KISCO—The Women's Council of Realtors Empire Local Westchester hosted it's "Healthy Heart is Good for Business" event at the Holiday Inn Mount Kisco in February. The event, which drew about 50 people, coincided with the "American Heart Month" to bring awareness about heart disease and how to prevent it.

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Gov. Cuomo, Mayor de Blasio Proposed 10-Point MTA Reform Plan

February 2019

NEW YORK—Governor Andrew Cuomo and New York City Mayor Bill de Blasio, who have historically been at odds on a host of issues, agree on one thing—the Metropolitan Transportation Agency needs to be reformed. On Feb. 26, Cuomo and de Blasio released a 10-point plan to reform the MTA and to create sustained funding streams…

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Nyack College Postpones Rockland Campus Shutdown

February 2019

NANUET—Nyack College has announced it will postpone the planned relocation of its undergraduate programs from its campus in Rockland County to Lower Manhattan until early 2020. In an announcement to students on the college’s website, Nyack College President Michael G. Scales stated that the college had delayed the planned relocation of its undergraduate program to…

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Simone Granted Incentives for Montefiore Medical Project

February 2019

WHITE PLAINS—Simone Healthcare Development recently secured a resolution of intent from the Westchester County Industrial Development Agency to provide nearly $1.75 million in incentives for its $61-million plan to redevelop a vacant office building in Harrison into a pediatric care ambulatory facility for Montefiore Medical Center. Simone Healthcare, an affiliate of Simone Development Companies, plans…

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