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…
Read MoreNEW 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…
Read MoreTARRYTOWN—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…
Read MoreWASHINGTON—With six months remaining in the 2018 federal fiscal year the National Association of Realtors supported the passage of the $1.3-billion omnibus appropriations bill that was approved by the U.S. House and Senate on March 22, and signed by President Donald Trump, despite some misgivings, the next day. The measure funds the federal government through…
Read MoreNEW 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…
Read MoreWASHINGTON—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,…
Read MoreNEW 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…
Read MoreWHITE 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…
Read MoreSUFFERN—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…
Read MoreKINGSTON—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…
Read MoreNEW 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…
Read MoreThe 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…
Read MorePEARL 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…
Read MoreGOSHEN—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…
Read MorePORT 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…
Read MoreWAWAYANDA—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…
Read MoreWHITE 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…
Read MoreWHITE 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…
Read MoreNEW 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…
Read MoreGOSHEN—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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