News

Megalith Capital Cuts Ribbon on Printhouse Mixed-Use Project in Downtown New Rochelle

October 2019

NEW ROCHELLE—Developer Megalith Capital Management joined New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Commissioner of Development Luiz Aragon and other city officials for a ribbon-cutting ceremony on Oct. 4 to mark the grand opening of the firm’s The Printhouse project. The six-story, 71-unit luxury mixed-use Printhouse development is located at 165…

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Houlihan Lawrence Commercial’s LaPerch Joins HVEDC Advisory Board

September 2019

POUGHKEEPSIE—The Hudson Valley Economic Development Corp. has announced that Tom LaPerch, commercial director with Houlihan Lawrence Real Estate of Rye Brook, has joined its Advisory Board. LaPerch, a 30-year real estate professional with additional expertise in marketing and government land planning, serves as commercial director for Houlihan Lawrence out of the company’s Rye Brook office.…

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HomeGoods Property in Mount Kisco Sells for $6.8M in 1031 Exchange Deal

September 2019

MOUNT KISCO—The HomeGoods retail property at 3 East Main St. here has been sold in a 1031 exchange transaction valued at $6.8 million. The deal for the 24,834-square-foot building on 1.24 acres was reported by tech brokerage and trading platform firm B+E of New York City. The property was sold by The Kempner Corp. of…

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Westchester County Association Officially Launches Search for New Leader

September 2019

WHITE PLAINS—After negotiations ended in June on a proposed merger with the Hudson Valley Economic Development Corp., the Westchester County Association has announced the official launch of a search for a new president and CEO to replace longtime leader William M. Mooney Jr. Mooney will retire as of as of Dec. 31, 2019. The WCA…

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County Executive Bullish on Orange County Economy

September 2019

Orange County Executive Steve Neuhaus says that despite some recent setbacks, business investment is very strong in Orange County. With the LEGOLAND New York resort now under construction and set for a spring 2020 opening, investors and developers have broken ground on new residential, hotel and retail projects, as well as the county’s bread and…

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Support Growing for Route 17 Expansion

September 2019

GOSHEN, NY—The Orange County Legislature, as well as the Town of Goshen and the Village of Harriman in Orange County, and the towns of Bethel, Callicoon, Delaware, Liberty, Lumberland and the Liberty Central School District, have recently joined the growing list of supporters for an expanded Route 17. The initiative is being driven by the…

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Economic Diversity Will Fuel Growth in Orange County

September 2019

GOSHEN—The Orange County economy is rapidly evolving into a diverse set of growing industries that are yielding significant investment and new jobs to the area. A recent briefing by the Orange County Partnership to key business leaders and stakeholders at the Newburgh Brewing Co. in Newburgh showcased the various new projects on the boards and…

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Orange County Tourism Sector Attracts High-Profile Events

September 2019

GOSHEN—Recently, tens of thousands of residents and visitors traveled to Orange County for pardon the pun—some high-flier acts—country music sensation Tim McGraw and the New York International Air Show. On Aug. 14, a record crowd at the Orange County Fair Speedway attended “An Evening with Tim McGraw.” The event kicked-off a three-day racing event to…

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Panelists Envision Continued Strong Growth For Orange County Commercial Markets

September 2019

MIDDLETOWN—The Orange County Partnership recently presented one of the most informative and frank discussions on the commercial real estate market in memory. Part of the Orange County Partnership’s 2019 Commercial Real Estate Summit held at the Orange County Fair Speedway in Middletown on June 19, the panel, moderated by Joe Deegan, managing director, SVN Deegan-Collins…

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Mayors Say Natural Gas Moratorium Not Having Much Impact on New Development Projects

September 2019

RYE BROOK—The mayors of New Rochelle, White Plains and Yonkers recently told an audience of real estate professionals that the natural gas moratorium imposed by utility Con Edison earlier this year is not putting a dent in investor interest or development activity in their respective Westchester County cities. New Rochelle Mayor Noam Bramson, White Plains…

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At Home in Sugar Loaf

September 2019

What do art galleries, a healing studio, handmade soaps, custom furniture and vinyl records have in common? They’re all living together in the Sugar Loaf Arts & Crafts Village, which is actually a hamlet in the Town of Chester in Orange County. Rumor has it that Sugar Loaf received its name from the nearby Sugar…

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Simone Healthcare Begins Renovations on Healthcare Building Leased by Montefiore

September 2019

HARRISON—– Executives of Simone Development Companies and Montefiore Health System were joined with officials from the Town of Harrison and Westchester County on Sept. 18 as the firm commenced renovations on a vacant office building here that will be leased to Montefiore. Simone Healthcare Development, an affiliate of Simone Development Companies, is renovating 104 Corporate…

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$100M Film Studio to Be Developed at iPark Hudson Complex in Yonkers

September 2019

YONKERS—In what city officials say is a “game changer” for Yonkers, Lionsgate, in partnership with Great Point Capital Management, announced plans on Sept. 5 to build a $100-million film and television studio here. Great Point Capital Management, a media-focused investment fund run by Robert Halmi and Fehmi Zeko, announced it had signed a letter of…

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Atlas Air Extends HQ Lease in Purchase; To Spend $38 Million on Upgrades

September 2019

PURCHASE—Atlas Air Worldwide Holdings is staying in Westchester County and is in fact renewing and extending its headquarters lease long-term at 2000 Westchester Ave. here and investing nearly $38 million on office space upgrades and equipment. The company and New York State officials jointly announced that Atlas Air had signed a long-term lease renewal for…

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Rye-Based Acadia Completes $403M in Deals

September 2019

RYE—Acadia Realty Trust, which is based in Rye, announced on Sept. 6 that subsequent to the second quarter of 2019, the company completed approximately $166 million of transactions. Year to date, Acadia Realty has completed approximately $403 million of transactions—$329 million of fund acquisitions and $74 million of core transactions—with another $47 million under contract.…

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Longtime State Senator William Larkin Dies at Age 91

September 2019

CORNWALL, NY—Longtime New York State Senator William Larkin, who served the people of Orange County, New York State and the nation for three quarters of a century in the military and political arenas, passed away at the age of 91 surrounded by his family at his home here on Aug. 31. The senator announced his…

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Pending Home Sales Drop 2.5% in July

September 2019

WASHINGTON—Uncertainty over the direction of the U.S. economy has trumped very low mortgage interest rates, according to the National Association of Realtors. NAR recently reported that pending sales in the United States fell 2.5% in July. Pending sales in the Northeast fell less than 2% in July, as compared to a month earlier. Of the…

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Yonkers Apartment Tower Trades for $48 Million

September 2019

YONKERS—The 311-unit Parkledge apartment tower here has been acquired by the Hudson Valley Property Group, LLC for $48.3 million. The transaction for the affordable rental apartment complex was reported by CBRE Affordable Housing and CBRE’s New York Institutional Group. Tim Flint, executive vice president of CBRE Affordable Housing, along with CBRE’s Jeff Dunne, Gene Pride…

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Iconic Retailer Lord & Taylor to be Acquired in $100M Deal

August 2019

SAN FRANCISCO—Le Tote Inc. a women’s fashion rental subscription service based in San Francisco, has reached an agreement with Hudson’s Bay Co. of Toronto to acquire iconic retailer Lord & Taylor. Lord & Taylor has a significant presence in the New York metro area, including stores in Eastchester, Yonkers and West Nyack in the Hudson…

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