NEW YORK—Community Healthcare Network (CHN) and Denham Wolf Real Estate Services (Denham Wolf) announced the signing of a 35-year lease at 1000 Westchester Ave., located in the South Bronx. The new facility will be equipped to deliver the highest quality of care to patients, including expanded and improved services. The lease is part of a…
Read MoreWHITE PLAINS—Commercial property owners and developers in Westchester have until May 15 to submit proposals for leasing new office space that will be used by the Westchester County Department of Health. Details about space requirements are listed in a recently released RFP (Request for Proposals). Primarily the new office space will be used to consolidate…
Read MoreWHITE PLAINS—Chief officials from the cities of White Plains, Yonkers and New Rochelle agree that investment interest in new development projects in their respective cities remains high despite higher construction and labor costs and the predictions by some that a recession may be on the horizon. The Building Owners and Managers Association (BOMA) Westchester held…
Read MoreIn the post-Pandemic world, many people have returned to their offices full-time or on a hybrid schedule, and live events from small meetings to large conventions have slowly started to return. While videoconferencing remains a staple in most businesses, more people coming back into an office could mean more reorganization of workspaces. “During the Pandemic,…
Read MoreBy Maureen Halahan and Marc Baez Editor’s Note: This article first appeared in Mid Hudson News (midhudsonnews.com). In business, as in life, we can find ourselves in a rut. The way out may be complex or simple, but it always involves change. That’s the key to moving forward; idling holds you back, and doing nothing…
Read MoreWHITE PLAINS—Commercial brokerage firm CBRE announced on March 14 that the headquarters building for the Hudson Gateway Association of Realtors has been sold to Hines U.S. Property Partners. Hines U.S. Property Partners is the flagship commingled U.S. core plus fund for Hines, which is headquartered in Houston. No financial terms of the transaction were disclosed…
Read MoreWHITE PLAINS—Westchester County announced on Feb. 22 that the next phase of Westchester County Office of Economic Development’s Business FIRST (Financial Investments for Recovery and a Sustainable Tomorrow) program will focus on downtown improvement and stimulating economic revitalization at the local level. This Pilot Grant Program will help four municipalities reimagine and revitalize their downtown…
Read MoreNEW YORK—The Conference Board Consumer Confidence Index decreased in February for the second consecutive month. The Index now stands at 102.9 (1985=100), down from 106.0 in January (a downward revision), The Conference Board announced on Feb. 28. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased to 152.8 (1985=100) from…
Read MoreSLATE HILL—Scannell Properties of Indianapolis, IN and Seattle, WA-based Amazon have filed a joint application with the Orange County Industrial Development Agency for tax incentives in connection with their proposed $229-million, 925,000-square-foot warehouse distribution project to be built on 100 acres of a former commercial sand gravel mine here. The proposed “Slate Hill Commerce Center”…
Read MoreWHITE PLAINS—New York Gov. Kathy Hochul traveled from Albany to the Pace University Elisabeth Haub School of Law here on Feb. 21 to announce a host of funding awards to communities in the Mid-Hudson Region to finance downtown revitalization campaigns and infrastructure projects. Gov. Hochul announced that the City of Port Jervis will receive $10…
Read MoreIRVINGTON—The historic three-building, 138,000-square-foot Astor Buck Campus has been sold to New York City-based Carvi Properties for $23.5 million. The deal was announced by Marcus & Millichap. The firm’s Alan Cafiero, Mark Gjonbalaj and Matt Leszyk represented the seller, Stanford Bridge LLC and procured the buyer, Carvi Properties Inc. of New York City. At the…
Read MoreWHITE PLAINS—Sales executives from Related Cos., Compass and Sotheby’s believe that now that mortgage rates have stabilized, investor interest, including demand from foreign buyers, has returned to the New York metro area housing market. The Hudson Gateway Association of Realtors, Inc. and OneKey MLS recently hosted a virtual panel featuring real estate experts who discussed…
Read MoreYONKERS—Empire City Casino by MGM Resorts in Yonkers has announced the addition of more than 1,000 new state-of-the-art games to its gaming floor, the sixth largest casino floor in the country and the largest in the MGM Resorts portfolio. Casino officials state that the upgrade delivers a new experience for guests offering the most recently…
Read MoreWHITE PLAINS—The annual Commercial Real Estate Roundtable has certainly been known for its share of spot on, sometimes offbeat and even startling predictions over the years. The 2023 program, presented by the Hudson Gateway Association of Realtors Commercial Investment Division, did not disappoint as the panel offered frank assessments of the office, multifamily and retail…
Read MoreRYE BROOK—New York City-based George Comfort & Sons announced on Feb. 6 that five lease agreements totaling more than 83,000 square feet have been signed at the Kingsbrook office complex in Rye Brook. In January, George Comfort & Sons signed a 10-year agreement with Regus to open a location at Kingsbrook in mid-2023 across 15,800…
Read MoreNEW YORK—The Partnership for New York City released a survey earlier this month of more than 140 major Manhattan office employers between Jan. 5 and Jan. 28, 2023, which showed that employees are continuing to return to the office, at least on a part-time basis. As of late January 2023, 52% of Manhattan office workers…
Read MoreWASHINGTON—President Joe Biden in his 72-minute address last night before a divided Congress stressed that the State of the Union is strong and pushed his economic agenda that includes trillions of dollars in funding for infrastructure, climate change and semiconductor manufacturing that is creating tens of thousands of new jobs in the construction industry alone.…
Read MorePEARL RIVER—Officials with the Hudson Valley iCampus in Pearl River report the ownership has closed lease and renewal deals totaling 337,589 square feet on campus valued at more than $40 million from August 2021 through December 2022. “We are very pleased with how swiftly our rebranding program and outreach to the community has positively impacted…
Read MoreALBANY—The prospect of downstate casinos in the New York metro area just got serious and those who seek these lucrative full-gaming licenses will have to possess very deep pockets that will fund at the least $1 billion in investment. The New York State Gaming Facility Location Board issued Request for Applications on Jan. 3 for…
Read MoreYONKERS—Greenwich, CT-based National Resources has acquired the 28-acre Leake & Watts campus in Yonkers and the Bronx from Rising Ground for $52.6 million. The deal was announced by commercial brokerage firm OPEN Impact Real Estate. OPEN Impact Real Estate is a woman-owned brokerage firm that is an affiliate of Transwestern Real Estate Services. The OPEN…
Read More