NEW ROCHELLE, NY—The City of New Rochelle announced on May 12 the selection of Brooklyn, NY-based FXCollaborative to transform the city’s Train Station and Transit Center located at the heart of its thriving downtown. The busiest stop on the Metro-North New Haven line, New Rochelle’s historic train station has been an anchor through the decades,…
Read MoreWASHINGTON—The National Association of Realtors recently released its Confidence Index Survey for the month of April, which showed continued broker sentiment that market conditions have and will continue to remain the same with listings low and contract activity staying competitive. The NAR report indicated that the time on market has declined from 29 days in…
Read MoreShould New Plan Utilize a Carrot or Stick? RYE—In the aftermath of Gov. Kathy Hochul’s failed “New York Hosing Compact” bold initiative that called for the development of 800,000 new housing units statewide to address what she termed is a housing crisis in New York State, real estate executives and government officials at a recent…
Read MoreGREENWICH, CT—Regency Centers Corp. of Jacksonville, FL and Urstadt Biddle Properties Inc., which is headquartered in Greenwich, CT, announced on May 18 that they had entered into a definitive merger agreement by which Regency will acquire Urstadt Biddle in an all-stock transaction, valued at approximately $1.4 billion, including the assumption of debt and preferred stock.…
Read MoreWHITE PLAINS—The Westchester County Tourism & Film was recently awarded a $520,000 grant from the U.S. Department of Commerce, through the Economic Development Administration, as part of the American Rescue Plan. This EDA Tourism Recovery Action Plan will support the development of the Westchester County Tourism Recovery Plan with research, strategic planning and prioritization of…
Read MoreWHITE PLAINS—Executives with Greystar Real Estate Partners LLC and the Cappelli Organization joined officials from Westchester County and the City of White Plains on April 18 to celebrate the “topping out” milestone in the construction of the mixed-use 25 North Lex development in Downtown White Plains. Officials and several hundred construction workers cheered as the…
Read MoreRYE BROOK—Houlihan Lawrence has reported the appointment of Garry Klein as Director of the company’s Commercial Division. Klein previously served as Regional Manager and Associate Broker responsible for recruiting, training and managing the Westchester division of the company. In his previous role, Klein represented owners, buyers and tenant clients in the evaluation, sales, purchase and…
Read MoreNEW YORK – New York City Mayor Eric Adams, Trust for Governors Island President and CEO Clare Newman, and State University of New York (SUNY) Stony Brook University President Maurie McInnis unveiled on April 24, the “New York Climate Exchange,” a first-in-the-nation climate research, education, and jobs hub on Governors Island that will create thousands…
Read MoreWHITE PLAINS—The Commercial Investment Division of the Hudson Gateway Association of Realtors recently presented its Annual Economic Development Roundtable that featured the top officials in the region charged with attracting and retaining business here. If there was one recurring theme from the program it was that despite talks of an economic slowdown or possible recession…
Read MoreAnyone who has ever been to a Disney theme park is familiar with the popular boat ride attraction featuring dolls of the world singing and dancing throughout the seven continents. “It’s a Small World” is meant to show how today’s world is really smaller than we think—given the technology now that can bring us all…
Read MoreALBANY—As some critics of Industrial Development Agencies continue to call for additional oversight over their decisions and tax breaks granted to developers, a report released on April 11 indicates that a total of 107 local and county Industrial Development Agencies in New York State added $126 billion to the New York State economy in 2021…
Read MoreCHAPPAQUA—Atkins Companies of West Orange, NJ and Denholtz Properties of Red Bank, NJ announced recently the acquisition of the Medical Offices at Chappaqua Crossing, a 490,000-square-foot, 59-acre healthcare facility located at 480 Bedford Road in Chappaqua. The firms stated the investment will leverage Atkins Companies’ decades of experience creating and managing modern healthcare facilities geared…
Read MoreSTAMFORD, CT—Houlihan Lawrence Commercial Division announced on April 6 it had negotiated a lease of more than 80,000 square feet of anchor space in the Stamford Town Center to Pickleball America for what will become one of the world’s largest indoor pickleball venues. Pickleball America is moving into the former two-story Saks Off 5th retail…
Read MoreIn recent years, the Hudson Valley has witnessed enormous growth in the film and television industry with more productions choosing to shoot in our region than ever before. Television shows, the largest type of production with the biggest budgets, have even started to base productions here, with major television shows based in the Mid-Hudson Valley…
Read MoreNEW YORK—Bold Charter School has signed a long-term 81,590-square-foot condominium transaction for the ground-up construction of a build-to-suit school to be located at 1472 Boston Road in the Crotona East Park neighborhood of the Bronx. The deal was announced on April 3 by OPEN Impact Real Estate LLC and Transwestern Real Estate Services, which represented…
Read MoreWHITE PLAINS—Westchester County Tourism & Film was awarded a $400,000 federal Economic Development Administration grant as part of the American Rescue Plan to support the development of a Westchester County Tourism Recovery Plan. Westchester County officials stated that the plan will produce professional documentation of short, medium, and long-term actions and priorities that should be…
Read MoreNEW 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,…
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