News

Long-Time Legislator Appointed To Key Environmental Position

December 2019

WHITE PLAINS—After a long career serving the people of Westchester, Westchester County Executive George Latimer has announced that a former Board of Legislators Chairman will be joining his administration. Legislator Michael Kaplowitz has been appointed Deputy Commissioner of the Department of Environmental Facilities where will use his financial and legal background to evaluate the financial…

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Westchester IDA Board Supports BioMed Realty’s Expansion Plan

December 2019

WHITE PLAINS—The Westchester County Industrial Development Agency granted approval to provide incentives for BioMed Realty to expand its Ardsley Park biotech campus in the Town of Greenburg with the renovation of 97,000 square feet of new state-of-the-art life sciences space in two buildings. The IDA Board voted on the BioMed Realty proposal at its Dec.…

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Fordham University Buys Development Site

December 2019

NEW YORK—Cushman & Wakefield recently announced that the commercial brokerage firm had arranged the sale of 619 East Fordham Road, a 5,000-square-foot garage leased to Enterprise Rent A Car in the Bronx. Cushman & Wakefield’s Jonathan Squires, Addison Berniker, Michael Fioravanti, Josh Neustadter, and Shayne Soltan represented the seller, Six 19 Custom, LLC, in this…

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NY State Senators Join Call for $500M Route 17 Expansion

December 2019

WOODBURY—A group of three prominent New York State Senators joined members of the 17-Forward-86 coalition and local elected officials on Dec. 11 to show support for the growing campaign to widen Route 17 in Orange and Sullivan counties. New York State Senator James Skoufis, D-Hudson Valley; Senator Jen Metzger, D-Rosendale; and Senator Tim Kennedy, D-Buffalo,…

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DEP Adopts Final Updates to Watershed Regulations

December 2019

NEW YORK—The New York City Department of Environmental Protection recently announced the adoption of updates to its watershed regulations. The updates, which seek to protect water quality while easing the path to compliance for local homeowners and business owners, were finalized after several years of consultation with leaders from watershed towns and environmental advocates. “Many…

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Montefiore to Open Major Primary Care Facility in Elmsford

December 2019

ELMSFORD—In a major lease deal to close out 2019 in Westchester County, Montefiore Medical Center has signed a lease for 127,034 square feet of space at the Taxter Corporate Park here. The lease transaction was announced by James J. Houlihan and Andrew Greenspan, the principals of GHP Office Realty, LLC, the owner of the two-building…

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Two Worldwide Tourist Attractions Hail from the Bronx

December 2019

Two of the New York metro area’s biggest tourist attractions, standing almost side-by-side and covering more than 500 acres, could be considered as anomalies within the concrete jungle of New York City. However, both the Bronx Zoo and the New York Botanical Garden are wide open havens of land nestled along Southern Boulevard in the…

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NY State Real Estate Board Approves New Fair Housing Disclosure Rules

December 2019

ALBANY—In response to recent published reports of alleged fair housing discrimination on Long Island, the Real Estate Board of New York on Dec. 16 approved new regulations for real estate professionals to help combat housing discrimination. The new regulations, which the New York State Real Estate Board approved today, mandate enhanced disclosures by real estate…

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A.S.A.P. Mortgage Opens Seventh Branch in Morris Park

December 2019

NEW YORK—A.S.A.P. Mortgage reported recently it had opened its seventh branch office with a new location in the Bronx, connecting its existing coverage areas in Westchester and Manhattan. The new office in the Morris Park section of the Bronx is located at 1965 Williamsbridge Road and opened in December. Led by award-winning founder and CEO…

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Economists Say Recession Unlikely in 2020

December 2019

WASHINGTON—A group of top economists arrived at a consensus 2020 economic and real estate forecast recently at the National Association of Realtors first-ever Real Estate Forecast Summit. The economists who gathered at NAR's Washington, D.C. headquarters expect the U.S. economy to continue expanding next year while projecting real estate prices will rise and reiterating that…

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Saber-PCD, Circle Squared Venture Break Ground On Rental Apartment Project Near Westchester Mall

December 2019

WHITE PLAINS—Development partners Saber Real Estate Advisors LLC, PCD Development LLC, and Circle Squared Alternative Investments broke ground on Dec. 4 on “The Duet,” luxury multi-family residential complex on Hale and Maple avenues in White Plains. The development, across from the Neiman Marcus entrance at The Westchester and adjacent to Whole Foods, will feature 127…

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YIDA Reports Banner Year Inducing $851 Million in Private Investment

December 2019

YONKERS—It was a banner year for economic development in the City of Yonkers with the Yonkers Industrial Development Agency providing financial incentives to nearly a dozen projects representing a total private investment of $851 million. The developments supported by the YIDA are projected to create 2,246 new residential units, 105,430 square feet of retail and…

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College of New Rochelle Sold for $32 Million

December 2019

NEW ROCHELLE—The unfortunate tale of the troubled College of New Rochelle has officially come to an end after 115 years. The storied College of New Rochelle campus was sold at auction for $32 million to the Trustees of The Masonic Hall & Asylum Fund. The United States Bankruptcy Court approved the sale in a hearing…

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The Club at Briarcliff Manor Senior Living Community Opens

December 2019

BRIARCLIFF MANOR—The Club at Briarcliff Manor recently welcomed its first residents to the new senior living community that features assisted living and independent living apartments and memory care. Set atop a scenic wooded site with panoramic views of the Hudson River and once home to the iconic Briarcliff Lodge, The Club at Briarcliff Manor features…

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Houlihan Lawrence Commercial Forms Food, Beverage and Hospitality Group

December 2019

RYE BROOK—In recognition of this emerging sector, Houlihan Lawrence Commercial has announced it has formed a new Food, Beverage & Hospitality Group. Headed by Richard Tannebaum, the new group assists solo operators, franchisees, chains, restaurant groups, investors and property owners accomplish their real estate goals. Tannebaum, who has two decades of experience in real estate…

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Harrison Adaptive Reuse Project in Line for Nearly $6.6M in Incentives

November 2019

WHITE PLAINS—A developer that is seeking to redevelop a vacant office building into a 450-unit rental apartment complex secured a preliminary inducement of $6.57 million in mortgage and sales tax exemptions from the Westchester County Industrial Development Agency. The Westchester IDA granted the incentive package to 3 WPD Apartments LLC, an affiliate of Marcus Partners…

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New York, Connecticut and Other States File Appeal of SALT Reform Court Ruling

November 2019

ALBANY—New York Gov. Andrew M. Cuomo and New York Attorney General Letitia James announced that New York, Connecticut, Maryland and New Jersey have filed a notice of appeal to the U.S. Court of Appeals for the Second Circuit to continue litigation against the federal government for what they term as the unlawful and unprecedented cap…

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Mill Creek Residential Acquires The Peaks of Nanuet for $180M

November 2019

NANUET—Mill Creek Residential Trust of Boca Raton, FL and an unnamed partner have acquired the 504-unit The Peaks of Nanuet apartment community here in what is believed to be a record deal in Rockland County. The firm purchased the property from a partnership of New York City-based Harbor Group International and Azure Partners. The deal…

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Ashkenazy Makes Second Westchester Buy This Month; Acquires Larchmont Shopping Center for $35 Million

November 2019

The Ferndale Shopping Center, an 84,000-square-foot retail property in Larchmont, has been acquired by Ashkenazy Acquisition Corporation from Ten Grand Inc. at a price that exceeded $35 million. Earlier this month, the New York City-based privately-owned real estate investment firm acquired Vernon Hills Shopping Center, a 380,000-square-foot retail asset in Eastchester; Cushman & Wakefield also…

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WRO Honors HGAR's Leah Caro

November 2019

Caro serves as co-chair of WRO's Board, and is also co-chair of the Hudson Gateway Association of Realtors’ Legislative Council and is chairperson of the OneKey MLS. She is also a past president of HGAR and HGMLS. WRO also recognized at the Oct. 24th dinner Korey Wise, (right) one of the so-called "Central Park Five"…

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