News

Urstadt Biddle Acquires Tanglewood Shopping Center in Yonkers

April 2018

YONKERS—Urstadt Biddle Properties Inc. has acquired the Tanglewood Shopping Center complex on Central Park Avenue here. The Greenwich, CT-based equity REIT acquired the complex from a group of families that were descendants from the original developer of the property, according to James M. Aries, senior vice president, director of acquisitions for Urstadt Biddle. No financial…

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‘Elvis’ to Rock the House at ‘Viva Las Vegas’ Event on May 8

April 2018

NEW ROCHELLE—In a few weeks, “Elvis” will grace the stage at Glen Island Harbour Club in New Rochelle when the Hudson Gateway Realtor Foundation presents “Viva Las Vegas,” Tuesday, May 8 from 6 p.m. to 10 p.m. The fundraiser will support charities and non-profit organizations throughout the Hudson Valley and will feature “Elvis” tribute artist…

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Latimer Administration, Legislators Reviewing Privatization Deals

March 2018

TARRYTOWN—While not saying that he intends to scrap any of the public-private partnerships between the county and vendors for the management of Rye Playland and Westchester County Airport, Westchester County Executive George Latimer told a business group gathering recently that both deals are being reviewed by his administration. Latimer, in a speech before trades groups…

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New York City’s Chelsea Market Trades for $2.4 Billion

March 2018

NEW YORK—Goggle Inc., a major tenant at the property, has acquired the Chelsea Market here from Atlanta-based Jamestown for $2.4 billion. Jamestown announced the closing of the transaction for the nearly 1.2 million square-foot complex on Tuesday. The former Nabisco factory occupies a full block bound by Ninth and Tenth avenues between 15th and 16th…

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Lack of Inventory Continues to Dog U.S. and New York State Housing Markets

March 2018

WASHINGTON—Chief officials with the National Association of Realtors and the New York State Association of Realtors continue to point to low inventory levels as a continuing headwind for the residential sales market. The National Association of Realtors released home sales statistics for the month of February that showed a 3% sales volume increase nationally, however,…

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UBS Settles NY Mortgage Securities Case for $230 Million

March 2018

NEW YORK—New York State Attorney General Eric T. Schneiderman announced today (March 21) a $230-million settlement with UBS in connection with its packaging, marketing and issuance of residential mortgage-backed securities to investors prior to the housing crisis in 2006. The settlement includes $189 million worth of consumer relief for New York homeowners and communities and…

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Health Care, Biotech Sectors Are Fueling Economic, Job Growth in Hudson Valley

March 2018

WHITE PLAINS—The health care industry and the burgeoning biotech sector are expected to be growth industries for the Hudson Valley region in the coming years. Despite and perhaps because of the volatility in both sectors, billions of dollars in capital investment have been initiated by health care and biotech concerns throughout the region in the…

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Advanced Imaging Technology Unveiled at Good Samaritan

March 2018

SUFFERN—Good Samaritan Hospital, a member of the Westchester Medical Center Health Network, announced recently the launch of a new 3D imaging platform, enabling a major step forward in image-guided therapy. Good Samaritan Hospital is the only hospital in the region with this game-changing equipment, hospital officials stated. “This new platform allows doctors the ability to…

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$92M Hospital Transformation Secures Key State Approval

March 2018

KINGSTON—HealthAlliance of the Hudson Valley, a member of the Westchester Medical Center Health Network (WMCHealth), announced on March 8 it had received contingency approval from the New York State Department of Health for a transformative $92-million expansion and enhancement of HealthAlliance Hospital: Mary’s Avenue campus here. The reimagined HealthAlliance Hospital will have a new, four-story…

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Developer Takes Advantage of Changing Health Care Industry in NY Metro Region

March 2018

NEW YORK—If there is one real estate development firm that definitely saw the opportunities the health care sector could provide earlier than most, it had to be Simone Development. The Bronx-based real estate investment company has developed high-profile residential and commercial properties in the Tri-State region. The firm, headed by President Joseph Simone, has a…

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Consolidating an Industry to Improve Patient Health, Provider Performance

March 2018

The traditional hospital, both in physical structure and scope of services, is not what it once was, as market pressures and reform measures are transforming these institutions into non-centralized points of care. While the most severely ill will always need the high-tech services found in an acute care hospital setting, and indeed, these patients will…

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The Rockland Business Association—50 Years of Advocacy and Counting

March 2018

PEARL RIVER—The Rockland Business Association, an advocate for the business community in Rockland County, is entering its second half-century advocating for the interests of the business community and the growth of the Rockland County economy. The RBA was founded in August 31, 1967 as the Rockland County Association (RCA), by a group of 40 local…

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Orange County Clerk’s Office Begins Return to Government Center Complex

March 2018

GOSHEN—The Orange County Clerk’s Office began its move from 4 Glenmere Cove Road in Goshen to the recently operational Orange County Government Center complex at 255 Main St. on March 5th. “We look forward to being back in the Government Center where County residents can find many services in one location,” County Clerk Annie Rabbitt…

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Key State Approval Secured for $40M Hospital Project in Port Jervis

March 2018

PORT JERVIS—The New York State Department of Health has approved a Certificate of Need for a more than $40-million project at the Bon Secours Community Hospital here. Bon Secours parent Westchester Medical Center Health Network announced the state Department of Health approval on Wednesday. The new project at the border of Orange County and Pennsylvania…

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Corruption Conviction Prompts Neuhaus to Call for Power Plant’s Permits

March 2018

WAWAYANDA—The fallout from the corruption conviction of former Gov. Cuomo aide Joseph Percoco on Tuesday includes some officials from Orange County seeking an investigation or the outright revocation of permits granted for the $900-million CPV Valley Energy Center project here. Joseph Percoco, a former executive deputy secretary to Gov. Cuomo, was found guilty on Tuesday…

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Metro-North Starts $94-Million Project To Improve White Plains Train Station

March 2018

WHITE PLAINS—In late February, Metro North announced new train service schedules that will take effect on March 18 to accommodate its $94-million capital project at the White Plains station. The general scope of the three-year project includes improved station entrances, new signage, platforms, energy efficient LED lighting, benches with USB chargers, station dashboards and totems…

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White Plains Hospital Celebrates 125 Years of Care

March 2018

WHITE PLAINS—Later this year White Plains Hospital staff and volunteers will gather to commemorate 125 years of dedicated service and quality health care to the residents of the City of White Plains and surrounding communities. In 1893 a group of 22 men and three women got together to establish a voluntary, not-for-profit hospital that was…

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City Government’s Move From City Hall Will Facilitate School District Expansion

March 2018

NEW ROCHELLE—With the announced future move of city government operations from City Hall at 515 North Ave. to the 45 Harrison St. development, the New Rochelle School District reported that it will significantly expand its presence at the North Avenue property. The New Rochelle School District has shared the 121,000-square-foot building since the early 1960s…

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Orange County Partnership Leads Coalition on Route 17 Initiative

March 2018

GOSHEN—The Orange County Partnership reports that it is leading a coalition that includes the Orange County Citizens Foundation and the Sullivan County Partnership for Economic Development in trying to have New York State fund necessary traffic improvements on Route 17 to alleviate congestion and facilitate economic development and growth. The three organizations are promoting an…

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