News

Developer Says Westchester Will Benefit From Pricey NYC Office Market

March 2016

WHITE PLAINS—Veteran real estate investor and developer Robert Weisz says Westchester County should benefit from the heady New York City office market in 2016. Weisz, principal of the RPW Group of Rye Brook, hosted approximately 40 commercial brokers at a meeting of the Hudson Gateway Association of Realtors’ Commercial Investment Division at his 1133 Westchester…

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State Pumps $230 Million in Funding For Mid-Hudson Health Care Projects

March 2016

ALBANY—New York State announced on March 4 $230.5 million in grant awards for 15 health care capital projects in the Mid-Hudson region. The funding is a portion of a $1.5-billion commitment made by New York State to help health care providers statewide fund critical capital and infrastructure improvements, as well as integrate and further develop…

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Westchester IDA Provides Incentives For Two Rental Apartment Projects

March 2016

WHITE PLAINS—The Westchester County Industrial Development Agency on March 10 approved incentives for two rental apartment projects in Ossining and White Plains with a total private investment of $57.6 million. The two developments will create approximately 430 construction and permanent jobs. “We are pleased to provide incentives through the IDA for these two projects, one…

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Cusson Named VP of Operations At Coldwell Banker Residential

March 2016

DANBURY, CT—Coldwell Banker Residential Brokerage in Connecticut and Westchester County announced recently that Charles “Chuck” Cusson has been appointed vice president of operations and will report to Coldwell Banker Residential Brokerage President Joseph Valvano, Cusson will oversee the operational aspects of several key departments within the company, including the relocation, education, marketing and administrative support…

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Avon to Keep Suffern, Rye Operations

March 2016

NEW YORK—Avon Products Inc., which shed its North American operations in December, announced on March 14 that it plans to relocate its global corporate headquarters from New York City to the United Kingdom. In addition, the company stated it intends to reduce its worldwide workforce by 2,500 employees. The headquarters move and job cuts are…

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Mark Your Calendar: Mid-Hudson County Leaders to Speak At March 23 Patterns Breakfast Panel

March 2016

POUGHKEEPSIE—Topics ranging from crime, unemployment, casino impacts, restructuring local governments, improving the region's urban areas and more are up for discussion when the elected leaders of Dutchess, Orange, Sullivan and Ulster counties join Hudson Valley Pattern for Progress at 7:45 a.m. Wednesday, March 23, at the Poughkeepsie Grand Hotel. The event will feature Dutchess County…

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Existing-Home Sales Inch Forward, Price Growth Accelerates in January

March 2016

WASHINGTON— Existing-home sales crept forward in January to the highest annual rate in six months, and subpar supply levels propelled price growth to the fastest increase since last April, according to the National Association of Realtors. The West was the only region to see a decline in sales in January. The Northeast enjoyed nearly a…

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$230M Expansion at Westchester Medical Center to Begin in Spring

March 2016

WHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. On Wednesday, March 2, a plan to build a $230-million Ambulatory Care Pavilion adjacent to the existing Westchester Medical Center was approved by the Westchester County Local Development Corp. It is the LDC’s largest deal since its official formation in April 2013. The…

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11-Year Saga Finally Ends for Chappaqua Crossing

March 2016

CHAPPAQUA—A storyline that included a bankruptcy that changed everything, false hopes, staunch opposition, failed votes, litigation and in the end finally compromise ended with the groundbreaking of the controversial Chappaqua Crossing mixed-use project here. The approval process took 11 years to finish to get to the point where shovels went in the ground earlier this…

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Gov. Cuomo to Step Up Anti Housing Discrimination Efforts

February 2016

New York Gov. Andrew Cuomo has launched a new Fair Housing Enforcement Program. The goal is to root out discrimination in both home sale transactions and in rentals. The governor cited 123 housing complaints that have been resolved that resulted from violations pertaining to protected classes. The protected classes wherein the alleged violations occurred were…

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New $50M Cancer Center Opens at White Plains Hospital

February 2016

WHITE PLAINS—The impressive growth of the health care sector in Westchester County and the surrounding Hudson Valley continues. Last week, a host of political and business dignitaries were on hand for the official opening of the expanded Center for Cancer Care facility at White Plains Hospital. Chief hospital officials, along with cancer survivor and White…

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Westchester Cities Prime for Private Development Growth

February 2016

TARRYTOWN—The multi-family construction boom, which has been going on in earnest in many U.S. gateway cities, such as New York City, Boston, Washington, DC, and San Francisco to name a few, is finally hitting the suburbs and major cities in Westchester County are now beginning to take advantage of the investment community’s attraction to rental…

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Joseph Roberto Elected PEDC Chairman

February 2016

CARMEL—The Putnam Economic Development Corp. announced earlier this month that it had elected Joseph D. Roberto, president and CEO of PCSB Bank (formerly Putnam County Savings Bank), as its board’s new chairman. In addition, James Bates, Cathy Cassidy, James Copeland, Alana Mikhalevsky and Richard Weiss have joined the board, the PEDC announced. “Joe Roberto has…

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City of Yonkers to Press State Lawmakers To Help Fund $2-Billion School Rebuild

February 2016

YONKERS—After a bid to implement a Public-Private Partnership structure to help finance a nearly $2-billion capital program failed some years back, the City of Yonkers is now looking to fund the much needed improvements to its aging school system via more conventional funding methods. The City of Yonkers and the Yonkers Public Schools announced on…

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Construction Work to Finally Begin On Orange County Government Center

February 2016

GOSHEN—Construction work is now expected to begin in earnest very shortly on the redevelopment of the shuttered Orange County Government Center here. Orange County Executive Steve Neuhaus signed off on more than $52.2 million in contracts for the project. All winning bidders were the low bids for their respective work and will perform their services…

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BH&G Rand Realty Moves Main Office to Nanuet

February 2016

NANUET—Better Homes and Gardens Rand Realty announced on Jan. 27 that its home office has moved from 10 Schriever Lane in New City to 95 South Middletown Road in Nanuet. “Our new headquarters brings together all of our real estate support teams, along with our affiliated mortgage, title, and insurance processing teams from Hudson United,”…

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New Rochelle Mayor Hints at Major Development Project in Works

February 2016

NEW ROCHELLE—It appears that a major development proposal—the first project to come before the city since a far-reaching rezoning of the downtown district was approved by the City Council in December—will come before the city in the near future. While details are sketchy, a mixed-use high-rise development project is in the works in Downtown New…

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Rockland County Exec. Day Outlines Progress Made in Last Two Years

February 2016

NEW CITY—In his 2016 State of the County address delivered on Feb. 16, Rockland County Executive Ed Day drove home the progress that has been made since his administration took office when the county was on the brink of financial default. "Because of our ability to make difficult choices, we have overcome complicated problems with…

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Mamaroneck Home Construction Firm Honored by Houzz

February 2016

MAMARONECK—Houzz Inc., the leading platform for home renovation and design, recently announced its selections for Best Of Houzz 2016 in North America, a homeowner-to-homeowner guide to the top home builders, architects, interior designers, landscape pros and other residential remodeling professionals on Houzz from cabinetry or roofing pros to painters. Murphy Brothers Contracting of Mamaroneck was…

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7 Renaissance Square White Plains Office Building Under Contract

February 2016

WHITE PLAINS—The ownership of 7 Renaissance Square, a 65,600-square-foot building that is part of the Ritz-Carlton, Westchester complex in Downtown White Plains is under contract to be sold. The building ownership—a joint venture partnership of SL Green Realty and Renaissance Partners, LLC— has agreed to sell the property for a gross sale price of $20.7…

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