News

New Rochelle Looks to Create Downtown Arts and Cultural District

December 2016

NEW ROCHELLE—As the city moves forward on its ambitious and far-reaching Downtown redevelopment plan, the city is also working on a master plan to create an arts and cultural district downtown as well. City leaders say that the district is envisioned to be a “regional mecca for artists and innovators in line with the city’s…

Read More

Nyack Hospital Breaks Ground on $22M Medical Village

December 2016

Crystal Run Healthcare Expands in West Nyack NYACK—The healthcare sector in Rockland County continues to grow. On Dec. 2nd, chief officials of Nyack Hospital and the Montefiore Health System broke ground on a $22-million “Hospital Transformation Project” that when completed will expand its emergency department and create a Medical Village at the hospital, which began…

Read More

Major Software Firm Relocates From New Jersey to Pearl River

December 2016

PEARL RIVER—Global software company Syncsort Inc. has relocated its corporate headquarters from Woodcliff Lake, NJ to approximately 55,000 square feet of space at 2 Blue Hill Plaza here. The relocation deal was fueled in part by incentives provided under New York State’s START-UP-NY program. Syncsort is collaborating with Iona College, which has its Rockland Graduate…

Read More

RXR Begins $190M Mixed-Use Project in Downtown Yonkers

December 2016

YONKERS—Marking the firm’s second major groundbreaking of late in Westchester County, developer RXR Realty and partner Rising Development joined Yonkers Mayor Mike Spano and city officials on Dec. 14th to officially begin construction on its $190-million Larkin Plaza mixed-use development project. The Larkin Plaza project, among the largest private developments in downtown Yonkers in some…

Read More

Wegmans Announces Plans To Build Harrison Store

December 2016

HARRISON—Wegmans Food Markets, Inc. has confirmed that the family-owned supermarket chain has signed a purchase agreement with Normandy Real Estate Partners for a 20-acre parcel of land, located at 106-110 Corporate Park Drive in Harrison to build a new store. “We look forward to the day when we can welcome customers into our Harrison store…

Read More

Governor Cuomo Doubles Down On Life Sciences Sector Growth

December 2016

ALBANY—New York Gov. Andrew M. Cuomo announced on Dec. 12 what he terms a groundbreaking new $650-million initiative to spur the growth of a new, world-class life science research cluster in New York, as well as expand the state’s ability to commercialize this research and grow the economy. The multi-faceted initiative includes $250 million in…

Read More

New Tappan Zee Bridge to Open on Time in 2018

December 2016

TARRYTOWN—At a topping off ceremony for the new span’s eight towers, state officials announced that the new Tappan Zee Bridge (also known as the New NY Bridge) will open for traffic in 2018 and will be completed on budget at $3.98 billion. A host of political, business and construction trade officials gathered at the project…

Read More

Westchester IDA, LDC Generated $604M in Private Investment in 2016

December 2016

WHITE PLAINS—Westchester County Executive Robert P. Astorino announced earlier this moth that projects supported by the Westchester County Industrial Development Agency and Local Development Corporation in 2016 totaled $604 million in private investment. The 13 IDA and LDC projects created or retained approximately 2,179 permanent and construction jobs. The year-end results were announced at the…

Read More

Veterinary Neurologist Acquires Brewster Commercial Space

December 2016

BREWSTER—Steven Salomone of Houlihan Lawrence Commercial Group reported the brokerage firm recently closed on a commercial real estate sales transaction here valued at $2.49 million. A veterinary neurologist and primary care specialist plans to repurpose an existing 29,000-square-foot former software distribution center and warehouse at 4 Hardscrabble Heights as a new specialty care center for…

Read More

Professional Soccer Team Building Training Facility in Orangeburg

December 2016

ORANGEBURG—Construction has begun on a training facility for the MLS professional soccer team the New York City Football Club (New York City FC) on a 17-acre site here. Construction commenced on The City Football Academy in the fall and is expected to be completed in early 2018. The plans originally announced in October consist of…

Read More

Statewide Abstract Introduces ‘TrackerPro’

December 2016

WHITE PLAINS—Statewide Abstract, the largest family owned title agency in Westchester County, announced recently the implementation of TrackerPro, a multifaceted software application that will fully streamline the title insurance process for clients. “TrackerPro will provide Statewide Abstract clients with a highly efficient and responsive way to stay abreast of their title’s status at all times,”…

Read More

Commercial/Multifamily Delinquencies Remain Low, CMBS Up Slightly

December 2016

WASHINGTON—Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2016, according to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report. "Commercial and multifamily mortgage delinquencies were once again quite low in the third quarter, because of the continued strength in the market fundamentals," said Jamie Woodwell, MBA's Vice President of…

Read More

Mid-Hudson Region Secures $83M in State Grant Funds

December 2016

Legoland Project Awarded $3 Million  ALBANY—The Mid-Hudson Valley region came out the big winner in this year’s Consolidated Funding Awards, netting $83.3 million in state aid that will support 105 economic development/infrastructure projects in the seven-county region. In an announcement on Dec. 9, Gov. Andrew Cuomo awarded a total of $716.9 million in CFA funding…

Read More

GATEWAY PERSPECTIVES: In the Blink of an Eye

December 2016

Just one year ago I wrote an article for this publication about 2016 being the 20th year anniversary of Real Estate In-Depth, as well as the 100th anniversary of the Hudson Gateway Association of Realtors, which was established in 1916. Boy did this year go by quickly! We certainly did celebrate, starting with a gala…

Read More

SPOTLIGHT ON: HGAR Affiliate of the Year JoAnne Murray

December 2016

JoAnne Murray, president of the Allan M. Block Agency, Inc. in Tarrytown, had no idea that she was going to be honored as the HGAR “Affiliate Member of the Year” at the Annual Meeting and Member Appreciation Day in October. “When I heard my name called, I was so shocked that I just sat there…

Read More

Westchester Hopes Fair Housing Case Winding Down

December 2016

Astorino Welcomes Carson as HUD Secretary WHITE PLAINS—In an exclusive interview, Westchester County Executive Robert Astorino told Real Estate In-Depth that the county fully expects to meet its court-mandate to have 750 affordable housing units either built or approved by the end of this month. County Executive Astorino also said that the election of Republication…

Read More

Report: Demographic Shifts, Consumer Demand Will Keep U.S. Suburbs Thriving

December 2016

WASHINGTON—Suburban housing markets across the United States are evolving rapidly and overall remain well-positioned to maintain their relevance in the years ahead as the places where most Americans live and work, even as many urban cores and downtown neighborhoods continue to attract new residents and businesses, according to a new publication from the Urban Land…

Read More

PUTNAM POSTING: Small Business Development Center Returns to Putnam County

December 2016

After more than a decade’s absence, the New York State Small Business Development Center has returned to Putnam County with a satellite office alongside the Greater Mahopac-Carmel Chamber of Commerce in the Tompkins Community Center, 953 S. Lake Blvd., in Mahopac. "Over 90% of the companies that operate out of Putnam County are small businesses,"…

Read More