News

Mack-Cali to Sell Remaining Suburban NY/NJ Office Portfolio

December 2019

JERSEY CITY, NJ—The Board of Directors of Mack-Cali Realty Corp. has voted to sell the company’s 6.6-million-square-foot suburban office portfolio located in New York, New Jersey and Connecticut. The company’s sole office holding outside of New York City in New York State is the firm’s 1 Water St. office building in White Plains. The four-story…

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A Holiday Tradition Hails from Orange County

December 2019

This year's Rockefeller Center Christmas Tree hails from Orange County, specifically the Village of Florida. The 77-foot tall Norway spruce was donated by Carol Schultz and was transported to New York City in early November.

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Orange County Partnership Wins Critical Court Ruling

December 2019

GOSHEN—In what has been a protracted and at times contentious battle that threatened its very existence, a New York State Supreme Court Judge recently sided with the Orange County Partnership in its legal dispute with the State Authority Budget Office. On Nov. 20, Orange County Supreme Court Judge Robert A. Onofry ruled that the Orange…

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Fordham RE Institute Holds Fireside Chat With Alum and Industry Veteran Gilmartin

December 2019

NEW YORK—Some of the real estate industry’s biggest names gathered for a night of cocktails and conversation when Fordham Real Estate Institute and MaryAnne Gilmartin, co-founder and CEO of L&L MAG, presented Heroes and Champions (+ One). The intimate, invite-only event, which was held at the University’s Lincoln Center campus last month, celebrated the third…

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State Investing Nearly $2 Billion in Improvements for South Bronx

December 2019

NEW YORK—Gov. Andrew M. Cuomo announced on Dec. 11 that the $75-million transformation of the Sheridan Expressway from an interstate highway to a pedestrian-friendly boulevard is now complete, giving South Bronx residents and visitors a direct connection to the Bronx River waterfront and Starlight Park. The transformational project is part of a $1.8 billion state…

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Charity Event Raises Funds, Collects Toys for Blythedale Children’s Hospital

December 2019

WHITE PLAINS—Michelle Madaffari of A Savvy Affair and Associate Real Estate Broker with Coldwell Banker held her 12th annual holiday party and toy drive for Blythedale Children's Hospital in Valhalla on Tuesday, Dec. 3 at Graziella's Restaurant in White Plains. The event collected more than 150 toys, gifts and funds for the children.

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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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