WHITE PLAINS— Westchester County Executive George Latimer has decided to hire from within county government’s ranks and appointed Bridget Gibbons as the new Director of the Office of Economic Development. Gibbons had served as the county’s Deputy Director of Economic Development since Latimer took office in January 2018. She was the guest speaker at the…
Read MoreNEW ROCHELLE— Gov. Andrew Cuomo announced Sept. 27 that New Rochelle's Lincoln Avenue Corridor will receive $10 million in funding as the Mid-Hudson region’s winner of the third round of the state’s Downtown Revitalization Initiative competition. "New Rochelle's Lincoln Avenue Corridor is an area ripe with potential to appeal to a new generation of residents,…
Read MoreGOSHEN—The Hudson Valley Economic Development Corp. and the Westchester County Association announced on Oct. 8 the launch of what they term as a “strategic partnership to grow specific industry sectors such as healthcare and real estate, expand on each other’s workforce development initiatives and close the digital divide through programs that promote gigabit-speed broadband connectivity.”…
Read MoreAt the recent NYSAR Fall Business Meetings held at the Turning Stone Resort/Casino in Verona, NY, HGAR’s Dorothy Botsoe was inducted into the RPAC Hall of Fame. Pictured with Botsoe (right) are from left, RPAC Hall inductee Liz English of the Long Island Board of Realtors and NYSAR President Christine “C.J.” DelVecchio. At the conference…
Read MoreWHITE PLAINS—Peter Duncan, president and CEO of New York City-development firm George Comfort & Sons, told more than 80 attendees of the Hudson Gateway Association of Realtors Commercial Investment Division, that the firm is bullish on Westchester and is seeking to redevelop a number of properties in the county. The firm, recently acquired the former…
Read MoreNEW YORK—Gov. Andrew Cuomo announced on Thursday the latest plan for a major expansion and improvements at John F. Kennedy International Airport, which is now projected to cost $13 billion. The governor announced the plan on Oct. 4 at the Association for a Better New York breakfast. The governor states that $12 billion of the…
Read MoreWHITE PLAINS—Standing in front of the White Plains Internal Revenue Service office on East Post Road here, Westchester County Executive George Latimer and Suffolk County Steve Bellone staged a press conference on Oct. 3 to announce their partnership to fight new IRS regulations that would limit the benefits of charitable deductions. In response to the…
Read MoreWAWAYANDA, NY—The controversial 680-megawatt CPV Valley Energy Center, owned by Competitive Power Ventures, is now operational. Competitive Power Ventures announced on Oct. 1 that the $900-million natural gas plant achieved commercial operation and was supplying enough electricity to power more than 600,000 average homes. The power plant, built by a joint venture of Skanska USA…
Read MoreNEW ROCHELLE—YoungCraft, a locally-based real estate development company, held a groundbreaking ceremony on Oct. 3 at the future site of The Rockwell, a more than 160,000-square-foot mixed-use development at 583 North Ave. here. Robert Young and Phil Craft, principals of YoungCraft, were joined at the project site by New Rochelle Mayor Noam Bramson, City Manager…
Read MoreGOSHEN—The Hudson Valley Economic Development Corp. and Hudson Valley Pattern for Progress announced on Sept. 25 they had formed a strategic partnership. Goshen-based HVEDC is the Hudson Valley’s leading economic development agency and Pattern for Progress, based in Newburgh, is the Hudson Valley’s primary public policy and think tank organization. Pattern for Progress is a…
Read MoreNEWBURGH—New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas announced Sept. 25 the opening of a $15-million scattered-site project that renovated 15 abandoned properties to create 45 new affordable apartments in a four-block area of Newburgh’s East End. Called East End Apartments, state and city officials say the development is helping to revitalize the…
Read MoreBRONX—Two commercial real estate firms in The Bronx have announced a new affiliation agreement that they say will bring unprecedented expertise and client service benefits to property and business owners. Commercial real estate brokerage firms KZA Realty Group and RM Friedland will join forces on select assignments to add value for clients. The alliance combines…
Read MoreALBANY—Westchester County was among four counties statewide to be characterized as under “significant fiscal stress” according to a report released by New York State Comptroller Thomas DiNapoli on Tuesday. The State Comptroller’s Annual Fiscal Stress Monitoring System report designated 25 municipalities statewide as being fiscally stressed. Also making the significant fiscal stress list were Nassau…
Read MoreGOSHEN—More than 100 people attended a major preview event on Aug. 16 hosted by Merlin Entertainments of the eight themed “lands” that will make up its LEGOLAND New York Resort in Goshen. Thousands of Lego bricks cascaded down resembling a waterfall revealing a 10-foot LEGO model of the entire theme park. The model is made…
Read MoreWASHINGTON—Existing-home sales remained steady in August after four straight months of decline, according to the National Association of Realtors. Sales gains in the Northeast and Midwest canceled out downturns in the South and West. A bright spot for the residential markets was in the Northeast, which saw its August existing-home sales rise 7.6% to an…
Read MoreRYE BROOK—Concerned that the future of Westchester County Airport is in jeopardy, the Business Council of Westchester has launched the Coalition for Westchester Airport, consisting of a broad range of businesses, labor organizations, educators, non-profits and residents in support of what they term as one of the county’s most valuable assets. The coalition has come…
Read MoreGOSHEN—The lifeline of Orange County and points further north has for some time been Route 17 as tourists and shoppers flock to such popular destinations as West Point and Woodbury Common Premium Outlets to name just a few. With construction of the $500-million Legoland New York project in Goshen now underway with an opening planned…
Read MorePine Bush is a quiet, little hamlet located in the Town of Crawford in Orange County. It’s adjacent to the Town of Shawangunk in Ulster County, with the Shawangunk Kill, a small river, marking the boundary. New York State Routes 52 and 302 intersect the hamlet. Area: 2.11 Square Miles Population: 1,701 Median Home Price:…
Read MoreGOSHEN—The amount of new hotel construction of late in Orange County has been staggering with new projects either opened or in the development pipeline mainly at two key corridors—Route 17 and I-84 adjacent to the recently renamed New York Stewart International Airport in New Windsor. According to statistics recently provided by the Orange County Partnership,…
Read MoreGOSHEN—As any real estate investor knows, speculative development has its inherent risks that a buyer/lessee be secured relatively quickly and at a price that will yield acceptable returns on investment. The significant economic development activity that has taken place in Orange County recently has led to vacancy rates in the low single-digits for prime industrial…
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