RYE—New York City-based real estate investment firm George Comfort & Sons, in partnership with the Feil Organization and O’Connor Capital Partners, has added the former Avon Global Data Center here to its Westchester office portfolio. The 176,000-square-foot multi-purpose facility situated on 18.13 acres at 601 and 621 Midland Ave. was sold by Avon Capital Corp.…
Read MoreELMSFORD—Robert Martin Company LLC recently held a pair of broker events in both Westchester and Fairfield counties, sharing information about the firm’s recently-acquired 3.1 million-square-foot industrial/flex portfolio. In March, Robert Martin Co. completed its acquisition of Mack-Cali Realty Corporation’s 56-building industrial/flex portfolio for $487.5 million, marking the largest commercial real estate transaction in Westchester County…
Read MoreCARMEL—The Putnam County Economic Development Corp. (EDC) announced on July 9 that Kathleen Dennehy Abels was named president of the agency. Abels began working at PEDC effective July 1. Abels has decades of experience in public relations, customer service, marketing, construction and project management. She recently completed a career at New York State Electric &…
Read MorePORT CHESTER—Starwood Capital Group, which acquired the shuttered United Hospital property here 13 years ago and proposed a $450-million redevelopment at the site, has sold the complex to partners Rose Associates and BedRock Real Estate Partners of New York City. No financial details of the transaction were disclosed. The sale of the 15.45-acre site that…
Read MoreWASHINGTONVILLE—Aurochemicals, a manufacturer of natural aroma ingredients for the flavor and fragrance industry, marked the official opening of a brand-new, $2.5-million warehouse facility with a ribbon cutting ceremony on July 9. Local dignitaries, including Orange County Executive Steven Neuhaus; Village of Washingtonville Mayor Joseph Bucco and Orange County Chamber of Commerce President and CEO Lynn…
Read MoreNEW YORK CITY—Global workspace provider Knotel reports it has finalized deals for five new locations in New York City, bringing its overall footprint here to 100 buildings and nearly 2.5 million square feet of office space. The firm’s announcement on July 1 followed completed deals for 24 new locations in New York City, London, Paris…
Read MoreNEW ROCHELLE— Add another high-rise development to the list of projects under construction or in the pipeline in the Queen City. The New Rochelle City Council on June 25th approved the development of a 24-story, 225-key globally-branded luxury hotel and event center at 115 Cedar St. When complete, the TRYP Hotel by Wyndham will be…
Read MoreNEW ROCHELLE—The unpleasant, but inevitable, is at hand for students and alumni of the storied College of New Rochelle. The private college, which served Westchester County and the surrounding area for more than a century, will cease operations later this summer and its 15.6-acre campus here sold. New York City-based A&G Realty Partners and B6…
Read MorePOUGHKEEPSIE—The Hudson Valley Economic Development Corp. and the Westchester County Association have called off their merger deal. The two business organizations, which had announced in late January their intent to merge, have mutually decided not to pursue the merger that was to be finalized this September. The HVEDC is a regional economic development organization based…
Read MoreWHITE PLAINS—The Westchester County Industrial Development Agency on June 13 granted final approvals for incentives to firms that plan to redevelop the White Plains Mall and the former Westchester Pavilion Mall, as well as build a new senior living project on Bloomingdale Road here. The three projects total well in excess of $1 billion in…
Read MoreKINGSTON—The New York State Department of Health has granted full project approval to HealthAlliance of the Hudson Valley, a member of the Westchester Medical Center Health Network, for the significant expansion and enhancement of its hospital on Mary’s Avenue in the City of Kingston. The DOH approval of HealthAlliance’s Certificate of Need application is the…
Read MoreALBANY—New York State has begun what transportation, business and construction industry leaders describe as a critical step in an ongoing effort to improve mobility on the much traveled and highly congested Route 17 in Orange and Sullivan counties, including studying the addition of a third lane on the heavily traveled corridor. The New York State…
Read MoreRYE BROOK—In a move to bolster its planning and economic development expertise, the Business Council of Westchester has named Wilson Kimball, Commissioner of Planning and Development for the City of Yonkers and Luiz Aragon, Commissioner for Development for the City of New Rochelle, to its Board of Directors. “We are truly honored to have these…
Read MoreWHITE PLAINS—The Westchester County Office of Economic Development is urging businesses, organizations and municipalities to attend informational workshops being held this month to learn more about funding opportunities in the next round of the Mid-Hudson Consolidated Funding Application (CFA). The Westchester County Office of Economic Development will hold a series of informational sessions throughout Westchester…
Read MoreNEW YORK—Wells Fargo & Co. announced on June 11 it had reached an agreement to sell Eastdil Secured, its private real estate investment banking division, in a management buyout transaction. The sales agreement follows Eastdil’s management-led recapitalization, in partnership with Guggenheim Investments, on behalf of certain institutional clients, and Temasek, a global investment company headquartered…
Read MoreWHITE PLAINS—The National Association of Hispanic Real Estate Professionals officially launched its Westchester County Chapter recently with a kick-off party at an office rooftop in White Plains. The event drew more than 150 people and included special guest Chef Barret Bayer of the “Hell’s Kitchen” and “Million Dollar Listing” TV shows. NAHREP currently has more…
Read MoreWHITE PLAINS—The City of White Plains announced on June 6 that it had released the long-awaited Request for Proposals for interested development firms to redevelop three city-owned properties and one Urban Renewal Agency parcel in the city’s Transit District. The four parcels total approximately 4.5 acres and are located along the easterly side of the…
Read MoreDiversity, challenges and a new perspective for the future were the prevailing themes at the Hudson Gateway Association of Realtor’s first-ever “Women in Commercial Real Estate” panel discussion held on June 6 at HGAR’s White Plains headquarters. Describing the panel as “the forefront of the commercial real estate community,” Patricia Valenti, moderator and executive managing…
Read MoreNEW CITY— In a move that shakes up economic development efforts in Rockland County, County Executive Ed Day announced on May 31st he had hired Jeremy Schulman as the county’s new Director of Economic Development and Tourism. Schulman, who began his new county post on June 4, served as CEO and president of the Rockland…
Read MoreALBANY—New York’s Industrial Development Agencies provided a total of $751 million in net tax exemptions for local economic development projects in 2017, an increase of more than 5% from the previous year, according to a report issued on May 29 by New York State Comptroller Thomas P. DiNapoli. The Mid-Hudson ($175 million) and Long Island…
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